thetradingbear

Live for the SHORTs

[*Walter Bloomberg @DeItaone]

IRAN: NO CEASEFIRE EXTENSION TALKS

A senior Iranian source told Reuters there are no discussions to extend the U.S.-Iran ceasefire, arguing that from Tehran’s perspective, there was no official start date to extend.

Iran claims the U.S. violated the interim pact within 48 hours and later withdrew.

Talks are instead focused on a potential U.S. return to the memorandum of understanding (MOU) and a timeline for implementing commitments.

So far, Iran says no progress has been made.

[thetradingbear @thetradingbear]

@DonWedge Mushroom cup

[thetradingbear @thetradingbear]

@DonWedge Cone head

[Man’s Bible⚡️ @Man_s_Bible]

You’re bored because you don’t do side quests, bro.

Life is more than just work and bed rotting.

Here are 50 side quests to complete:

[FinancialJuice @financialjuice]

Fed's Schmid: Some cooling in first couple quarters but there is optimism now.

[zerohedge @zerohedge]

*RUBIO: MAY SPEND 6-7 HOURS OR MORE ON MONDAY UKRAINE MEETING

*RUBIO: EXPECTS LONG HOURS DISCUSSING SECURITY GUARANTEES MONDAY

[Tansu Yegen @TansuYegen]

Calculations from scratch👏

[utdreport @utdreport]

INEOS inflict major setback to Manchester United fans as cost cut spree continues with damaging impact

⬇️ https://t.co/tpJ6ZKpkgN

[thetradingbear @thetradingbear]

@TicTocTick Order flow King 👑 ✅

[emini tic @TicTocTick]

The most useless money that can be wasted is on cars.

Just buy a car like a Land Cruiser and run it to ground. Then buy another.

No one really cares what car u drive. No one. Believe me.

Nor anyone cares about what clothing brands u wear. As long as it’s not from Costco.

[thetradingbear @thetradingbear]

Btc bulls 😂

[emini tic @TicTocTick]

Hertz is selling 20000 Model 3 cars for about 20000 apiece.

Model 3 resale values have just been decimated.

It’s over. Down 70%. In 3 years.

[TheGladiator @TheGladiatorHC]

Q&A with The Great Martis @great_martis

Tell us a bit about you and what got you into markets in the first place?

The legend of The Great Martis roots are unknown. Some say he was consummated in a brothel others say he was born on the summit of Everest. Forums whisper his name dinner, parties entertain his epic godlike trades and the financiers question his mortality.

Million dollar deals he rejects while offers that no man can refuse he cringes at. Has been known to place short bets bigger than the entire GDP of Botswana and yet he is known as a humble man and a philanthropist.

When I was a young boy many moons ago I was having lunch with a friend of mine who was a trader. At the time I had no work and he was always keen to teach me the art of speculation and I was always fascinated with numbers. We traded together for a few years until he retired. Then the legend was born.

Can you give us a summary of your trading strategy?

My trading strategy consists of following the flavour of the month. I would look at the most bullish index and research companies that follow it. I use fundamentals and technical analysis to determine which stocks have a high probability of moving.

I look for certain formation .i.e ascending triangles, inverted head and shoulders and rectangles. I also use the TAPE before buying IF the sellers outweigh the buyers I would wait.

I also prefer stocks that have touched resistance a few times whilst making a higher low every time with Descending volume. Once volumes arrive just under resistance I buy. If my buy does not become the bid almost immediately, I usually sell it (signifies wrong timing).

I then will wait and see how the stock acts if it has another go at resistance, I will have another go if my buy becomes the bid immediately, I then sit and wait if it breaks and moves higher, I then add to my position.

I don’t use stop losses. When I purchase it must act immediately otherwise, I sell out. Sometimes it takes a few goes to get it right. When selling I look at upper end resistance levels (using charts). I always know when I am going to sell even before I get in. I always have a plan before buying or shorting. I will cut the trade short very quickly if it doesn’t act right.

If there was one thing you know now that you wish you knew when you first started what would it be?

If there was one thing I wish I knew back when I first started trading it would be risk management. NOTHING is more important than Risk management. Most of my time these days is devoted to risk management.

My trading account today consists of one total sum. I never add to it if I make a profit it leaves my trading account if I get under that total, I tighten my trading until I recover.

The key to longevity in the stock market is 80% risk management, meaning if you don’t treat the markets as a business EPIC failure is a certainty. So what I have learnt over the decades is to separate the plan from monetized thinking whilst in a trade.

Meaning if I am in a trade, I don’t calculate my winnings if the stock keeps on rising, all I care about is executing my plan and strategy. This keeps away temptation of selling too early.

So, the foundation of my risk management is to separate the two “emotional money ” VS ” A plan”. Keep those two apart whilst conducting business and success will outweigh failure 95% of the time.

Tell us about your biggest winner?

My Biggest win was in late 07 when I shorted banks across the board and held until late 08.
Took a position in ANZ CBA NAB WBC. I placed a $1 million dollar bet on each and every bank leveraged. Made $12 million late 08 when I covered.

Tell us about your biggest loser and how did you mentally recover from that?

Biggest loss was the Poseidon bubble in 1970. I lost $1 million in 2 days. $1 million back in the 70s was like losing $10 million today.

I took 6 months off to regroup but I never lost my nerve I studied even harder. I Got a loan and started all over again. When I got nailed in the 70s and lost it all I never lost hope. I did feel depressed but I always knew I had the knowledge to come back.

That helped me a great deal in my recovery but I also knew if I did get up again I would have to change my thinking and that’s when I started to hit the books harder and longer.

I probably studied the markets 100 hour weeks to come up with a plan and risk strategy to avoid losing it all ever again. So from thinking as a gambler I transformed my thinking to treating the markets as a risky business.

The hardest part was to accept what I had and what I was left with but I never lost hope. I always looked at the bigger picture and always knew that I had the ability to come back if only I changed my thinking, which I did.

What’s the usual warning signals that a spec stock has gone bad and it’s time to leave?

Usual warning signals of a stock going bad is when it either goes against you or goes parabolic Heavy volume most always signals the END of a move.

Three candlesticks that a very reliable knowing when your stock will turn include The dark cloud, engulfing red candle and a shooting star. If these candles are depicted on a chart it’s a warning. If trading without charts then I would look at volumes ..if u get heavy volume the day after a large move and the stock doesn’t move it most always signals a reversal. And always keep a tight stop no more than 2%.

This interview was released in November 2020.

[Good Karma & Coffee ☕️🐕 @SteveCote1974]

@AltcoinDailyio

[Altcoin Daily @AltcoinDaily]

SEC should investigate themselves for market manipulation

[Don 🐂 @DonWedge]

ETF APPROVAL

[Unleash Your Mind @MentalUnleash]

BAD SOURCES OF DOPAMINE:

Porn
Alcohol
Junk food
Gambling
Excessive screen time

GOOD SOURCES DOPAMINE:

Music
Sunlight
Meditation
Working out
Cold showers

Learn the difference.

[Don 🐂 @DonWedge]

#btc will never go below $15k again

[Carol Vorderman @carolvorders]

NO Jeremy Clarkson. Not on any level, in any circumstance, is it ok to write this stuff about any woman & absolutely NO to "everyone who's my age thinks the same"
No no no. We absolutely do NOT think the same.
Listen to the noise Jeremy. The crowds are chanting "shame on YOU"

[thetradingbear @thetradingbear]

@great_martis You are fine & finished- time for the biggest yet cramped up rally before she goes