Scott

that’s all it is! (refer above) Don’t Quit, it’s the longest drive comp👍Tip: Build Your Art (process) to Express YOUR Ego. All the greats have ego's

[Scott @PencilTrading]

@markminervini biggest lesson I've learned in +15 years. there are NO short cuts. Treat trading like a University Degree. Learn the core subjects and choose electives on discipline, mindset and allow many years to graduate. Divide your cash into 4 years, and get to graduation

[Scott @PencilTrading]

I willing to put long toes in around 4440

[Scott @PencilTrading]

Are we at that point in gold now?

[Scott @PencilTrading]

Are we at that point in gold now?

[Scott @PencilTrading]

@RennickGBR 🎯

[Scott @PencilTrading]

@talentedgamblr In the “olden days” people use to keep reading materials next to the toilet. In modern days people take phones into the toilet.
Be old school and put your journal in the toilet. And a book mark.
After writing journal put it back, next to the toilet. As always apply my default

[Scott @PencilTrading]

I think markets are here as well

[ThePatrioticBlonde™🇺🇸 @ImBreckWorsham]

The United States of America 🇺🇸

1776-2026

Cause of death: Treason

[Scott @PencilTrading]

5 apps left on iPhone 7…. Plus!
Stop paying Tax
Use the “app no longer supported scam” to withdraw from the addiction all together.

[Missouri Freedom Initiative @MissouriLibert2]

UNPOPULAR OPINION

The day is coming when we are going to have to permanently ditch our cell phones. The convenience of the "smart phone" is contributing to government surveillance and corporate eavesdropping.

FYI.

[Scott @PencilTrading]

I wonder how many billions have been transferred out of Australia in the last 48 hours.
That CGT is horrific.

[Scott @PencilTrading]

Tomorrow’s talent will leave. Today’s talent will leave.
It’s a Taxation Pandemic

[Jamie Coutts CMT @Jamie1Coutts]

Young Australians should be enraged by the new super tax.

The statist talking heads will tell you "it's only on balances above $3M. The rich." Most Aussies will fall for it.

Run the numbers. 35yo today. $200k in super. Contributes $15k a year. Earns 8% returns (long run super average).

In 30 years their balance is $3.7 million. Caught by the tax.

But here's the trick. Australia's money supply has grown about 8% a year for the past two decades. RBA's own data. So that $3.7M buys what $369k buys today. Same groceries. Same house. Same petrol.

You didn't get rich. You ran on the spot.

And the $3M line? Frozen. In 30 years it only buys what $300k buys today. It's lost 90% of its real value. The govt doesn't have to move the line. Inflation does the work for them.

No different from the obscene overreach on anti-money laundering rules. The $10k cash transaction threshold was set in 1988 and never moved. $10k then is $26k in today's money. Adjusted for money supply growth, it's $170k. Same threshold. Almost 3x more transactions caught by CPI, 17x by money supply. That's why you get interrogated at the bank for withdrawing what only covers half a year of school fees.

Same trick with income tax. Wages rise with inflation. Brackets don't. Suddenly the average worker is in a "high earner" bracket they were never meant to be in. You don't earn more. The line moved.

This one policy tells you everything you need to know about the government and its intentions. It's all about grift and theft.

Meanwhile, the kids who get hit hardest are kept busy by an education system arguing about hate speech, social media, and the climate apocalypse promised in 2012. Nobody teaches them how money actually works. The govt likes it that way.

So they vote for more taxes. Bigger govt. More "fairness." Pouring petrol on the fire burning their house down.

The fix isn't communism. It's the opposite.

Smaller govt. Lower taxes. Index every threshold to the actual money supply, not the CPI lie. Decentralise the banks.

Despite everything, Australians are entrepreneurial and predominantly hardworking. Imagine what this country could become without the government's boot on its neck.

[Scott @PencilTrading]

So here’s my thinking…..
if Salor has said he will sell Bitcoin which is a 180 degree pivot
Then we have thousands of Berlin Walls being built. had no idea just how many “data” centres are & have been built
No Audit on Fortknox
Thus what purpose does old world Gold serve?

[Scott @PencilTrading]

I still maintain this view

[Scott @PencilTrading]

I still maintain the view, Napoleon Hill style that the belief in gold is too high. It needs to flush out all these very impressive and colourful squiggly artists. It’s price needs to scare the shit out of believers first.

[Scott @PencilTrading]

It appears to me there has been a ‘fundamentals’ shift. Dare I say a proper economic development that only the few know atm. Some crooks know and the bean counters need time on excel before trigger is pulled

[Scott @PencilTrading]

I smoked a joint after reading this…. As a parent firstly then for those around me. It’s a Heist.

[Geoff Wilson @GeoffWilsonWAM]

We are 100% with you @PaulBassat. Doubling the tax on investments in Australian companies is stupidly of the highest order

[Scott @PencilTrading]

@caps_biggie Well said. 🎯
They could re purpose Fortknox

[Scott @PencilTrading]

Data centres are the equivalent to the Berlin Wall

[Scott @PencilTrading]

One conclusion is that degenerates are still incorporating yesterday’s techniques in a world where data is now the new Oil. Squigglies won’t beat data. And it’s one giant sharing data club

[Scott @PencilTrading]

In April I ran a trading experiment. No hours of chart analysis in front of screen. Rule: maximum 10min per day.
Here’s what happened.
Return Rate 1.28.
Average Profit v Loss 2.36.
Win Rate 31%…. I was wrong 2 out of 3 trades, when I was right it paid well
I have conclusions

[Scott @PencilTrading]

This should lose me some followers.
Negative Gearing should be abolished
And
Trusts - little bits of paper deflecting personal responsibility should also be abolished.
Same Rules for Everyone, Group, Business. No Exceptions.
‘Rules’ should be equal, not affordable to some.

[Scott @PencilTrading]

I still maintain the view, Napoleon Hill style that the belief in gold is too high. It needs to flush out all these very impressive and colourful squiggly artists. It’s price needs to scare the shit out of believers first.

[Scott @PencilTrading]

In April I ran a trading experiment. No hours of chart analysis in front of screen. Rule: maximum 10min per day.
Here’s what happened.
Return Rate 1.28.
Average Profit v Loss 2.36.
Win Rate 31%…. I was wrong 2 out of 3 trades, when I was right it paid well
I have conclusions

[Scott @PencilTrading]

Worth a read

[Students For Liberty @sfliberty]

She escaped the Gestapo in 1933. Then she spent 18 years asking one question:

What actually creates tyranny?

Some would say ideology and propaganda. Others would point to a strongman seizing power.

Her answer was something far more ordinary, and far more dangerous. 🧵

[Scott @PencilTrading]

iPhone 7 Plus! update.
Lost another app this week. Another Banking App goneski. Not a problem I’ll just go old school and use internet browser. ✅
Less than 10 apps still working now.
What a scam