Most traders blow up accounts because they don't know when to walk away.
Pedro Silvaβs rule: three stop losses and heβs done for the day.
No revenge trading. No doubling down. No βjust one more.β
Jimmy Carr explains why he is pro-gangs, and why he believes men need them.
βIοΏ½οΏ½οΏ½m pro-gangs.β
It's a take you probably wouldn't expect from him, but he makes an interesting argument about men, friendship and community.
Can gangs serve a positive purpose in society?
Pedro Silva wants traders to stop treating trading like a game and start treating it like a business.
His benchmark?
βIf your account is not growing at the end of one month, it's okay. Two months, you should start to pay attention. At the third month, maybe you should go back to school.β
Three months of losses could be a warning sign. But is profitability the right benchmark over such a short period?
Sylvester Stallone admits his rivalry with Arnold Schwarzenegger.
βI was a thorn in his side. He was a thorn in my side.β
Stallone says they kept pushing each other toward bigger guns, louder movies, and more action until they carved out a niche that may never come around again.
We've reached the point where people are arguing over what counts as a flying car. π
On the PBD Podcast, Alef comes up as America's contender in the race against China, but one host isn't buying it.
His verdict?
"It's a hovercraft and possibly the ugliest car he's ever seen."
So, who's actually winning the flying car race?
Arthur Hayes thinks there's a hidden risk in betting on Hyperliquid.
You could be right about the project and still make the wrong investment.
His concern is that everyone already recognizes Hyperliquid's success, while other crypto assets could offer greater upside from here.
Would you rather bet on an established winner like Hyperliquid or take a chance on a less obvious opportunity?
VirtualBacon believes the Federal Reserve is manipulating how inflation is calculated to make the numbers look lower.
βThey are fully manipulating the numbers that they use,β
he claims, arguing that the changes help the Fed avoid hiking interest rates.
It's a serious allegation that raises a bigger question: are we getting the full picture of inflation, or is there more to the numbers than meets the eye?
Pedro Silva's AVAX trade highlights a battle every trader eventually faces: taking what the market offers or holding out for more.
After missing a full TP the previous day because of greed, he decided to take nearly 50% of the move.
βI don't want to be greedy here.β
He closed the position, stuck to his scalping strategy, and was satisfied with his decision.
But when does patience become greed, and how do you know when it's time to take your profits?