How tensed is the market? Check the VIX, and you will know!!
@velotrade#propfirm#cryptotrading#fundedtrader
*correction:
All-Time VIX Records:
Highest Intraday Price: 89.53 (October 24, 2008)
Highest Closing Price: 82.69 (March 16, 2020)
@pizzituti_g So true, and often puzzling... you think markets are disconnected from fundamentals, but fundamentals are history, prices are the future...
Many many years ago, while at Uni, a visiting professor came to give us a lecture on charting. It was still "unchartered territory, 😂" at the time. Not sure if it was just not widely used, or if we students were too removed from reality. His point, at the time, was that charting allowed you to understand when the "insiders", which are referred by @pizzituti_g in his post as the professionals, are accumulating and when the "parco buoi", literally the herd of cows, i.e. retail, follows....
Not much has changed in the last 30 years!
Insiders, professionals, always get a bad wrap. It is not always fair. There are information asymmetries and that is the nature of markets. If there were no asymmetries, all prices would be stuck at "fair" and no trading would take place...
Many many years ago, while at Uni, a visiting professor came to give us a lecture on charting. It was still "unchartered territory, 😂" at the time. Not sure if it was just not widely used, or if we students were too removed from reality. His point, at the time, was that charting allowed you to understand when the "insiders", which are referred by @pizzituti_g in his post as the professionals, are accumulating and when the "parco buoi", literally the herd of cows, i.e. retail, follows....
Not much has changed in the last 30 years!
Insiders, professionals, always get a bad wrap. It is not always fair. There are information asymmetries and that is the nature of markets. If there were no asymmetries, all prices would be stuck at "fair" and no trading would take place...
🚂 If everybody around you is talking about a trade, the train has already left. And you are the one paying for the ticket.🎫
Crude oil a few days back. Gold and silver recently. Same pattern every time. Retail piles in near the top, institutions unwind into that buying, and the move reverses.
This is not a conspiracy. It is basic demand and supply. Professionals see the dynamics early because they do this full time. By the time the move is loud enough for the forums to notice, retail is no longer joining the trade. Retail is providing the exit liquidity that lets the institution cash out.
🎯 I break down the full mechanic in the video, and what you can actually do about it.
Have you been caught on the wrong side of one of these recent moves? Drop it in the comments. 👇
#proptrading #tradingpsychology #tradingmindset
🌅 Sometimes the best trade is the one you do not take.
When the screen is fighting you, when the P&L is red and your head is louder than your strategy, the smartest move is to step away. Walk. Get some air. Reset. Come back when your mind is clear.
The traders who keep their accounts alive the longest are not the ones who trade the most. They are the ones who know exactly when not to trade. That kind of restraint is not weakness. It is the discipline that separates a career from a streak.
🎯 For me today, it is one of those days. Stay off. Enjoy the sun. Take it from there.
What do you do when the market is just not giving you anything? Drop it below. 👇
#proptrading #tradingpsychology #tradingmindset
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#satoshi