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Bitcoin’s drop shows no safe-haven status, gold not much betterAs the Ukraine conflict began, Gold rallied and then faltered, while Bitcoin faltered and then rallied. Global markets continue to be unpredictably volatile. Will the real safe haven please stand up? Following months of speculation, yesterday at 6am Moscow time, Vladimir Putin, the president of Russia gave a chilling speech to announce the start of a "military operation" in Ukraine. Following months of fraught speculation and troop build-ups, as soon as Putin's speech ended explosions were heard at major Ukrainian cities, including the capital, Kyiv. The initial attack consisted of cruise missiles, artillery, and airstrikes, hitting military and key infrastructure targets. Russian troops then entered Ukraine from the north, east, and south, targeting the capital, Kyiv, and other cities such as Kharkiv and Kherson. The attacks had an immediate impact on global markets with the Dow Jones, S&P 500, and Nasdaq futures falling between two and 2.7 percent before the market opened. After a bearish start to 2022, with the Omicron surge, rising inflation fears, and the Ukraine situation all weighing heavily on investors, the indices have now hit year-to-date lows as the chart below shows.
BINANCE:BTCUSD
by nonteliclapsed
LTC Originates $25 MillionThe mezzanine loan has a term of five years and two months, with two one-year extension options. It bears interest at 8%, with an IRR of 11%. Located in Oregon and Montana, the five communities, which include independent living, assisted‑living and memory care, and total 621 units, will be managed by The Springs Living, LLC, an operator new to LTC. “Closing this solid investment within the first seven weeks of 2022 after a very productive 2021 fourth quarter, demonstrates that LTC is successfully executing its strategy to produce growth for our shareholders,” said Wendy Simpson, LTC’s Chairman and CEO. “Our current focus on structured finance products has served us well, as we’ve been able to participate in financing premier communities, such as those underlying this most recent investment, and build relationships with strong, regional operators with whom we might not otherwise be able to generate business. We will continue to identify a wide array of investment opportunities by providing creative, flexible financing solutions to the right operators, for the right properties at the right time.”
COINBASE:LTCUSDLong
by ontukyfe
2
Is Trading “Gambling” or “Risky” ? Explained in business terms.Hi everyone: The question that most people will ask is whether trading is the same as “gambling”. Throughout the 9 years of my trading journey, this has always been brought up and asked about many times. Of course anyone is entitled to think based on their perspective and view, so I am not here to argue or convince them otherwise. Rather, I am here to share some key aspects of what I learned in trading for the last 9 years, as well as years in the business world to discuss the difference between “Gambling” and “Risky” in trading and in business. Most people who have never traded in their lives, but have heard about trading, usually assume trading is some sort of get rich quick scheme. They often assume it's a type of “gamble”. Since most people around them probably lost money in trading. It's not surprising as the statistics don't lie, 90-95% retail traders lose money in trading and quit eventually. But what most people don't know is “why” and “how” they lose money in trading. It's usually a combination of poor mindset and emotion. No systematic plan, no risk management, get rich quick thinking, revenge/over trading, fear of missing out, and alot more psychological issues. They did not put in the time and effort to succeed. Which then resulted in traders losing money and quitting. Eventually making up excuses of why they fail in trading, and blame the market, the broker, the strategy. All these no doubt also resulted in what normal people will say trading is a “gamble.” On the other hand, is trading “risky” ? Trading is just like any other businesses out there, that will be risky due to unforeseen circumstances. Businesses face external factors that they can not control, just like in trading. Businesses have internal expenses, overhead costs, labour, loans, C.O.G.S…etc as well as many competitions within their respected industry. It requires hard work and determination to succeed. Even for larger businesses that are where they are today, they were all risky when they started. Was Amazon Risky ? Was Tesla Risky ? Was Facebook Risky ? Absolutely. But that did not stop their owners from putting in maximum effort and time to make it work. Trading is no different, you are the owner, director and the CEO of your trading account. So, don't confuse and get “gamble” and “risk” mixed up. It's up to us individually to acknowledge and understand the difference between the two. The truth is, successful traders understand the difference between “gamble” and “risk”. To remove the “gambling” aspect from trading, is to have a well written trading plan, proper risk management, right trading psychology, positive mindset and control emotion. Whatever strategy you decide to implement is not really the cause of your success or failure, but rather those I mentioned above. This way, you remove almost all the “gambling” aspect away from trading, and it is now “risky” but bearable for you to handle. Will trading always be “risky” ? Sure, it is a business and anything can happen unexpectedly and out of nowhere. But successful traders understand the importance of treating trading like a business, so contingency plan, back up plan, trading plan, management plan, and much more should be carefully thought out so you will know what to do when you are hit with sudden surprises like in a business operation. The worst thing we can do is to not be part of any “risk”. If we are so relaxed, laid back, and have no stress to motivate us to move forward, then we stay within our “comfort” zone. We become so glued to our 9-5 job which we then think it's safe. But, we will forever be in a rat race against many others who are better than us in credentials that will land that higher position/salary that we want. “So to me, without taking a “risk” in life is the biggest “gamble” that you can do in life.” Welcome to let me know and share with everyone what you think about this topic :) Thank you Jojo
BITSTAMP:BTCUSDEducation
by jojofang0901
41
What did I learn from 2021 in Trading, & what can I improve on ?Hello traders: Welcome to 2022 in trading. I am very happy to start off the year with a positive attitude and get ready for the year. This year will be my 9th year in trading, so certainly a journey thus far. What I usually will do is to look at trades that I have taken in the whole last year, to find areas to improve. What can I do better, and what can I change/modify to my trading plan that will help me to become a better, consistent, sustainable trader. I highly suggest everyone to review their 2021 trading journals, find mistakes that you made, and work on them. Revisit your trading plan to see what areas can be changed and modified. They can be entry, SL/TP, management and much more. Below are a few things that I personally find that I can improve more on: Trade Management: -Specifically, whether to take profit always at 3:1 RR, or hold onto the trade for longer -Pros and cons and no right or wrong when it comes to this part. -Sometimes holding a trade longer term may see price reverse and lose profits -Sometimes taking profit too early will see trade continue to its desire direction # of Trades Taken: -Last year was aiming for about 15 trades per month last year -The more trades we take, the more potential “Mediocre” trades we enter, those can eat up our good trades’ profit -Can argue and reduce the # of trades to even less -Instead of 1-2 same currency pairs allowed, cut down to just 1. Unless I can move it to BE Understand and Accept the Market can Change/Evolve: -Market is ever changing and evolving with no pre-determine factors. It can be a variety of factors that is out of our control as a trader -Key is to always stay in “sync” with the market and its behavior. -Never “blame” the market if your trading hits a draw down or doesn't “work out” from before. -Understand as traders we need to adapt to any type of situations to remain consistent and sustainable in the long run -Find solutions to work around it. Thank you all Treat trading like a business or you might not succeed:
OANDA:XAUUSDEducation
by jojofang0901
40
RISK ON - EURUSD Buy Trade. Fundamental AnalysisThe dollar index is ranging at a current 1 week Resistance, with a rise in Jobless claims and Philadelphia Fed Manufacturing Index (Dec) is Low. Signaling dollar weakness, at least temporarily. EURUSD is currently set up to break a daily resistance, turning it to support and a move higher. Target 32.6 PIP, Stop Loss 15 PIP. Risk < 2% Account. If you want to know how we draw our support and resistance lines just send a message. Thanks. Like and Follow. Trading Futures, Forex, CFDs, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Articles and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
Long
by AffluentTraders
Treat trading like a business or you might not succeedHello everyone: Today I will go over 6 main points on why you should treat trading like a business in order to succeed in this industry. 1. Business will have busy seasons and slow seasons. But overhead expenses will remain the same. So not every month can be profitable, same with trading. -Some months you can have more wins, some months you will have more losses. It's what you do on average for the whole quarter/year. 2. Record your win/lose trades like any businesses that has bookkeeping to record their revenue and expenses -This is for you to keep track of your progress, results and find areas to improve. You must record your profits/losses so you can identify your result. Refusing to do so is like a business that does not record their expenses and wondering why they spend so much $ 3. In trading, YOU are the Owner/Director/CEO. If you are not putting in the time and effort like a top executive of a business, then it's unlikely you will succeed. -Top executives don't just work 8 hours a day, 5 days a week. They put in way more hours than that to keep the business running, operational, and profitable. 4. No business starts out as profitable, they are likely to be in the “red” until years later when they can recover the losses and then some. -Most businesses start up with debts, borrow money and loans. Don't expect to pay off all those in one year. In trading you will likely incur losses in the beginning of your trading journey. Understand its a process all must go through in order to come up to the top. 5. Each and every year, businesses review their entire operation. Identify the mistakes they make, find solutions to their problems, create plans, visions and goals. -Identify your mistakes by journaling your trades. Find areas to improve, whether that is your entry, SL/TP, Risk management, trading psychology, mindset/emotion. Acknowledge your mistakes, drop your ego, work on overcoming your mistakes. 6. 90% of small businesses fail within 3 years, acknowledge the odds are not in your favour, but continue to put in time and effort. NEVER GIVE UP -90-95% traders fail in time. You don't often hear about the traders who lose, but you often hear about the social media “guru” and scammers doing so well. Trading is not a get rich quick scheme, nor is it easy. You have to continue to put in time and effort to succeed. IT doesn't come instant, and those who can not commit to such, will not be able to continue trading consistently and sustainably. Most important is, if you fail, get right back up. NEVER GIVE UP in trading, and NEVER GIVE UP in life. Any questions, comments and feedback welcome to let me know. If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :) Jojo
Editors' picks
OANDA:XAUUSDEducation
by jojofang0901
304
Detail of US net imports, and why the situation is so dramaticThere is a clear picture here. The only (tiny) saving grace the US has is the "on site" stuff that cannot be delocalized, or hardly, all these basic industrial goods, as well as their agri mostly grains. The US imports 3 times as much consumer goods and auto parts as they export. It's cheaper to get chinese slaves to build goods in huge factories than pay these expensive unionised americans. The US , and even the whole west to a smaller extant, became totally reliant on foreign manufacturing. The US are heavily dependent on the rest of the world for their consumption of pharmaceuticals, auto parts, electronics in general, all sorts of household items like clothes and beds and microwaves and so on, cheap TV made in China etc. This became particularly visible during the covid crisis of 2020 where the US went "wait we need stuff, where is it?", sorry it's in India, I remember Morocco made big stacks of Hydroxychloroquine meanwhile the west could not get any, so then the whole west started a big conspiracy theory about every single drug that is cheap to make - therefore is made in foreign nations (revenues < minimum wages ==> impossible for entrepreneurs to produce locally), the propaganda branch of the west starting spreading messages on how drugs that billions (with a B) used for a century were very dangerous, no idea how anyone bought that. "Nearly 80% of drug ingredients used in the United States originate overseas, but FDA has struggled to oversee the manufacturers’ factories, raising red flags about safety. It caused drug shortages and suspension of safety protocols of the medicines manufactured overseas - the majority in China and India." Am I being a negative perma bear now? This was "speculation" before 2020 (not really guesswork, it's literally in the numbers but whatever nobel prize economists and keynisians are too dumb to understand). But now in 2021 it REALLY happened. We experienced it for real, it's not theory anymore. To be clear: The drug shortage during the covid pandemic was VERY SMALL. It's not 1% of what is about to hit. The west, mostly the US, and the least Germany, have no productive ability. When India & China stop sending humanitarian aid to them, they will turn into a desert like Venezuela, it's back to prehistory, they have the ability to build nothing at all. Elected officials are not the ones running the economy, entrepreneurs are, businessmen, and these guys conduct their business in Asia. There is no simple switch that they can turn on and off. Rebuilding the country if all goes right would normally take at least a good decade or two (maybe I'm too optimistic), but surely a while longer with the population being so old. If you are curious what consumer goods the US is a net exporter of, here is the list: To compete with Chinese cheap goods Germany (and a little bit France & the UK) came up with quality standards, the ISO 9000/9001 family which was first created by the US and the UK I know but Germany is what really went in that direction. So they retain some industrial capabilities (in particular an impressive car industry, France not doing too bad in that area too, Japan too and motorcycles also). Germany, France, Japan... They still build stuff, but what they build is more expensive so it has to be "high quality". But the US, being overly woke-liberal-capitalist-shorttermist completely gave up. They are more vulnerable than a baby in a pitbull fighting arena. Not sure what their plan is? Maybe take in millions of cheap migrants to use as workers once shtf? What will they do? Build a wall to keep them in? Lol that's not beyond the realm of possibilities. That's all grim but what about solutions? How to rebuild? Obstacles to rebuilding: You have to find capital (and as we know voters will demand a government with high taxes to "help them out", shooting themselves in the leg). Business owners & builders have to be willing to take risks when they are getting squeezed by social politicians & probably more regulations. Businessmen/women have to build factories, this does not happen by itself, need construction materials and so on. Entrepreneurs need to find skilled workers (americans have not worked in factories for 50 years) willing to work (so not on social aid). A country requires its entrepreneurs to not simply bail out because why bother? After decades of anti-nationalist propaganda. Good luck! Once the snowball of rebuilding gets going it's GG, it will keep growing, but when everything collapses it's just so hard to get the snowball initially going. Look at Venezuela and Argentina. Not only elites & go-getters left, but their "shoot myself in the foot" population is working hard to make sure business creation is next to impossible. And they've been in a mess for 10-20 years, with no light at the end of the tunnel. In modern days, high performance dynamic people will not "hold the bag" of a dying nation with a population hostile to business and in denial, lmao imagine arguing for months with morons in denial when you can just buy a plane ticket to a beach somewhere and GG. Almost no one has a nationalist sentiment anymore, so the people that build the economy will bail out of failing nations. And they only come back when a nation works hard to attract them (enough for it to be worth taking the risk of moving), with low taxes and low regulations and so on. It's really simple and straightforward... So to sum up, the US is doomed. Wasteland of nothing being done soon. And it's not worth fighting for, let them sort their mess. Solutions? East Europe, Australia, Caucasus countries, and others, let you in if you got money in the pocket (to invest in their country of course) and plans. Georgia Citizenship by Investment: Become a Turkish citizen within just six months with a real estate investment, bank deposit, or new business. Turkey with their empire history have it implanted in them to take people in. And actually they have the fastest growing economy of OECD countries. And much better demographics. Turkey has not the best eco freedom, but better than France. Georgia better than all. As the economies keep growing, and less of their entrepreneurs and workers leave + new ones come in, it can snowball and they can easily be in a better place than the US. All countries that went through troubles are fighting for wealth & job creators in this very high sedentary & risk aversion era. Go-getters still overvalue the west. Not much longer. Istanbul is 6 times as bif as NYC, and got twice the population, don't worry there is plenty to do. Remember, when Rome fell, the population of Istanbul went to the moon. Of course die hard atheists, LGBTS and so on are not welcome. Moving to a country, no matter which one, is a big decision not to be made overnight. Also if some NA states split from the rest it might get interesting, Texas in particular is trying to be more pro business. Big beautiful country average size (30m pop 700k km² bigger than France, plenty of space for new arrivals) with natural ressources etc. Their GDP grew 71% more than the US between 1997 and 2016 and manufacturing output 130% more. They're getting overrun with californians and illegals though (risk). Sorry Americans stuff does not magically fall off the sky after the welfare state makes an incantation, it has to be harvested from the ground and then manufactured. If no one builds anything in the country, and foreign countries that build stuff stop sending it for free, there won't be anything in the country. Enjoy no toilet paper, no computers, no phones, no wine, no car parts, no drugs, no televisions, no shoes, no shirts, no veggies, no nothing. All that will be left will be sugar, wheat, soybeans, corn, and meat which the US does produce in large quantities. In other words sodas, high fructose corn syrup, and burgers (wheat + meat). Yay! Ah an a final word, all this collapse is considering they do not repay their debt (both official federal debt and us dollars printed to import). If they have to export what they owe the hit will be even bigger (what little drugs they produce will have to be exported while seniors die being denied treatment), but I don't see this happening, or maybe very little of it.
TVC:DJI
by MrRenev
4
How Much Should You Deposit / Invest?Hello TradingView Family, this is Richard, and today I am going to answer a question that I get asked a lot. Question: How Much Should I Deposit / Invest? The answer to that question is very subjective. Some say that "a minimum balance of 10 000$ is required", some others say "start small and then deposit more on the go". In my opinion, to know how much to invest, you have to start the other way around. How much risk per trade do you feel most comfortable with? Is it 20$? 50$ or 100$... Those who know me, know that I enter with a fixed risk per trade and always target double. For some of you, 20$ is nothing, and the 40$ reward isn’t worth it. While for others 20$ may be too much, and thus can’t handle the loss. Find that 1% risk per trade that suits you best. Your 1% risk should not be too much for you, so you won’t get emotional. In parallel, it shouldn't be too small, as then you won't take your trading seriously. Find that 1%, then make it x100, that’s how much should deposit. All Strategies Are Good; If Managed Properly! ~Rich
COINBASE:BTCUSDEducation
by TheSignalyst
86
How To Start A Successful Trading BusinessWhen you start trading, you need to go into it like you would if you were getting ready to start a business. Too often, I see new ‘traders’ who open their account and before ever mapping out any goals, a strategy, a trading plan, or anything, they’re already putting money into the markets… …and for me, this isn’t trading, this is gambling. So in this article, I’m going to walk you through how you can start your own successful trading business. So let’s dive in! Starting A Trading Business: Step 1 – Charting Software First, as a technical trader (like me) you MUST have good charting software. Charting software is your window into the world of stocks. As a technical trader, we rely on charts and indicators to find high-probability setups. Charting software with good indicators is an essential first step in your path to being a successful trader. I personally use (and highly recommend) TradingView. It is a paid service and for what I do, I use the Pro Version which currently costs $14.95 per month but it is well worth it. Remember, starting your own successful trading business requires a modest investment into the ‘infrastructure’ of your business. Step 2 – Finding The Right Broker Now on to step 2, finding the right broker for you! Finding the right broker can be a tricky process, especially if you live outside of the United States. If you’re trading stocks and options, I highly recommend tastyworks, or Interactive Brokers if you live outside the U.S. Starting A Trading Business: Step 3 – Trading Strategy Next, now that you have your charting software and broker, every trader needs a good trading strategy. Similar to the broker, one size does not fit all. Why? Well, there are a LOT of variables that can go into developing your trading strategy. For example, are you trading for Income or Growth or the amount you have to trade with? All of these things play a big factor in the type of strategy you want to, can, or should trade. Right now, I’m trading two strategies. My core strategies right now are, The PowerX Strategy and The Wheel. Step 4 – Trading Computer The next thing to consider when getting your trading business set up is you will need a computer. Almost all brokers and trading software are cloud-based, so you don’t need a seriously advanced computer anymore. Most computers that are less than 3 years old should be more than powerful enough to run even the most system-intensive trading platform. Step 5 – Additional Monitors. Now, for your home set up, I think at least one additional monitor is a must. The good news is that if you have a laptop, you already have one monitor! If you travel a lot (like me) I would highly recommend the ASUS MB169B+ 15.6″ Full HD 1920×1080 IPS USB Portable Monitor. They’re lightweight and work great on the road or at home. It fits easily in my backpack (because I HATE checking bags) and doesn’t add much weight. Step 6 – Trading Newsletters Next, over my morning coffee, I like to read a few different trading newsletters. I have three primary newsletters right now where I get most of my market-related news. Most of the talking heads on TV are absolutely terrible for getting non-biased information anymore. No matter what station, everything you hear is coming through some sort of filter. For this reason, I stick with these three newsletters that I’ve found to provide good info: - Morning Brew - Seeking Alpha’s Wall Street Breakfast - The Rockwell Trading Newsletter Summary Now that you have all of the pieces in place to start your trading business off on the right foot, in my next article I’m going to go through something that at first, I’m sure you will cringe: Trading Taxes. But I assure you if you’re proactive and take the time to get set up and structured properly, taxes aren’t actually as bad as you’d think for full-time traders. I hope this has helped and you’ve enjoyed it. Good trading!
DJ:DJIEducation
by rockwelltrading
Are you ready for the move of 150 pips?Quick update about USDCHF. Early on I was telling you about my focus on 1.9200, which you can clearly see on the chart right now. On 4H timeframe we broke our support region and start to retest that level. I am not looking for short for now, but bigger picture is telling me that the trend to the upside is very likely! So when/if we get the Inverse H&S pattern I will look for a LONG position with huge RRR. Are you with me to catch that huge move 150 pips? Let me know below!
Long
by Infinity_Limits_Trade
3