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The BIG challenge in trading / investing is to persuade your MIND that your trade / investment idea will, in the future, be correct.
You then have to actually get your mind to ACTION (risk an amount of MONEY of choice) that idea BEFORE the move happens.
After = Too late
The goal is to become "Consistently Profitable" - that means to know when is the higher probability to BUY now and when is the higher probability to SELL now ...as well as... to know when is the higher probability to not BUY now and when is the higher probability to not SELL now.
There are levels (of understanding & risk tolerances) to this finance thing -
1. Money in bank (safe for now - until AI hacks it all)
2. Money in an Index (like a pension fund)
3. Crypto
4. Trader
#KnowThyself and decide what works best for thee ;)
Pretty much back at IPO price
#SpaceX
PS. Would be nice to see below $80
Trade of the week - Gold SELL
But not as simple as that. Gold retraced UPwards by a LOT before then falling again - sometimes slow and sometime fast. Then goes UP again - all to throw brain confusion and doubts. #WellDone to those who been brave enuff to Short Gold this week.
Attitude (Emotional State) should be:
- It's ON PHUKYEAH
- PLACE TRADE
- okay now just be patient
- let the trade run
- run more
- okay now BANK
- 😃
Trading = You vs You (Me vs Me)
Meaning: I have areas to improve on
Eg. Opinion y'day was that the trend for Gold was DOWN. Gold did go DOWN. Thesis was 100% correct.
Q: But did I take the trade?
A: No (found reasons not to take the trade) and that is an area to improve on
Is a bit late to buy the dip now.
But still a good time imo.
See pic - this is XRP.
Line was a great time to buy the dip.
The Binance HACK sent Bitcoin DOWN about $5k in the last 24 hours.
#BuyTheDip
The Binance HACK sent Bitcoin DOWN about $5k in the last 24 hours.
#BuyTheDip
Recent activities in the CFD trading space:
- Bitcoin DUMPED
- Gbp/Usd PUMPED
- Gold DUMPED
- Nasdaq DUMPED
- Oil PUMPED
- Usd/Jpy DUMPED
See.. EASY (in hindsight - haha)
Gold moves $1 against you on lot size 0.01 = You -$1
Gold moves $1 against you on lot size 0.1 = You -$10
Gold moves $1 against you on lot size 1.0 = You -$100
Example: You do a SELL at Gold $4020 on Lot 1.0 and a fast move UP to $4040 puts your trade at -$2000
#Emotional







