The Fed has never in modern Fed history been so far behind the curve. Embarrassing. Not only did the Fed create this mess, they are way behind the curve in fixing it.
Solution: Fed rate hike by 400 BPs, let stock market collapse and then hit the reset button
Capitulating markets keep capitulating until enough people who swore they would never sell, no matter how low it goes, finally declare they have had enough and sell out just to stop the pain. I call this a "porcelain sell-off"
I've seen it many times over the years in many mkts
The primary job of a market speculator is NOT to find the next big winner
Rather, the primary job is to properly manage the next losing trade
Finding big winners provides the thrills, but managing risk pays the bills
-From the archives
An honour to speak with Retired Navy Seal Commander
@MarkDivine today about forging an Unbeatable Mind and Breakthrough Performance Training. A true warrior, leader, philanthropist and visionary.
https://t.co/9TX9dMz3lS
Elon Musk @elonmusk is a man for all seasons
He saved the electric car movement
He saved the space industry
He is now the savior of free speech
The elites who oppose his purchase cannot stand the idea that all voices should be heard
https://t.co/MOZ9J1ndip
If you're a discretionary trader, there will be trade signals you fail to act upon. But this is not the real problem
The real problem comes from trades you take that are not genuine signals (but emotional ones)
If you don't understand the difference then you should not be trading
Some say, "but they will bring C-19 home." Selfish adults -- put on your grown up panties! I would be willing to die of C-19 if it meant my grand kids would have a full childhood.
Train your mind to limit your view of a chart to no more than a couple of seconds. If a pattern does not bite you, there is probably nothing there.
#fromthearchives
What is the best way to trade charts? There is no best way, in my opinion. Even if charting is an approach that makes sense for you, every trader has their own personality, level of risk aversion, and amount of capital.
#fromthearchives
I have found that it is dangerous to get one's hopes up on any individual trade. Our faith must be placed on a process, not on a position or opinion.
#fromthearchives
Everything is mental.
Everything is a thought and you create your reality with your thoughts. You can change your existence, your reality.
You build your story with your mind.