Macro Plan Update
Q2 Coming to an end
Q3 Range/consolidate
Q4 Bullish
Q2 top played out
Now that we have traded into the lows expecting a new value to be built around 65 to 59k
Compress throughout Q3, fake out move into strong up Trend in Q4
Wrong if price accepts below 57k
Two ways of making money in markets
Go heavy on short term momentum, or
Compound in a trending market
Both make money, both equally difficult
Wishing you a solid performance this week!
if i had to guess why stocks are selling off a bit, its prob bc gta6 is dropping and people wont have as much time for trading. it is a big macro event and people playing games means higher energy prices bc the electronics are on and such, and a lot of people will call in sick so there is less productivity
#macro #trading #investing
i wont be playing it personally
$BTC
Some old alpha here for uptrends
Lows tend to occur during asia session & around key levels like daily - weekly opens or prev highs or lows
~ more technical confluence the better
Momentum tends to come through larger market positioning & flows which starts in EU session
Expansion or continuation tends to occur with the US session cause US markets are king so generally high of the day occurs during US session
Stronger uptrends are often when that momentum & strength is carried on from US -> Asia session
I am not an expert on AI, but I have been thinking for a while that there sure is a whole lot of money pouring into the belief that current tech, built in sufficient quantities, will be enough to carry us into the future we dream of. But it is a massive bottleneck of real resources waiting to be disrupted by more efficient models/chips. The same thing happened to fiber while companies were spending billions to build out Internet infrastructure 25 years ago. Yeah they're growing GDP, but for what ultimate purpose? Multiple companies all hoping to run with similar end products (as far as average people can tell) on a subscription based revenue model. There aren't going to be four or five winners. Someone will have to lose spectacularly, and it will necessarily be one of the biggest companies on the planet when it does.
Uncomfortable truth:
Trading does not just test your strategy.
It exposes you.
Your impatience.
Your ego.
Your fear.
Your need to be right.
Your addiction to action.
Most people do not quit because they cannot read a chart.
They quit because the mirror gets too honest.
Market is super competitive. Every indicator you use, thousands of others use. Every setup you see, algos see faster.
But nobody has your engrams. Nobody has your specific library of encoded experience. Nobody can access the pattern recognition running in your body
This is proprietary data unique to you
Hands down the biggest edge is always your internal pattern regocnition, and the beauty is when you pair it with a good strategy it has multiplying effect. I have done it and seen it people do 10x, 50x 100x their accounts, that exit velocity came with accessing internal pattern recognition
Speculation is an effort to turn a little money into a lot
Investment is an effort to prevent a lot of money from becoming a little
As a Speculator you are constantly scanning to see where investors are wrong. However while the market is setup to protect the investor there are no laws for Speculators, they see you as a nuisance