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Gamblers

DJI (6h) - Double top - and more.The trouble with double tops is that, you don't know where exactly price will go. Have a look. All you can do is take a controlled loss (aka stop-loss). If you can't afford it, don't take it (obviously). Today was exciting!! USTech was heading south, whilst price on other US stock indices went madly north. The news said, that this was a about rotation. (Read up on that). Well, I don't think so. It looked as if moms and pops traders took confidence in an early rise of USTech and moved madly north. Tech continued to grind down after that bounce, checking the confidence of the gamblers. There's potential trouble on the DAX where 'gamblers' went wooohooo towards 14000 ish. Then the big boys said hold on a sec! Oops - hello there is trouble in the Bond markets. The FED is basically fighting against itself - trying to boost bonds and prop up stock indices in the US at the same time. Yellen made an announcement that inflation is not a problem - and the gamblers became ravenous. (You don't see that stuff on the 6H chart. Look into the 15 min time frame.) In other events, officially US debt struck just over $28 Trillion. But the true figure not in the public domain is estimated to be around ~$128 Trillion. Like 'who cares' some say, 'The FED has our back'. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
BITCOIN: Gamblers may suffer.The chart shows a powerful sharp switch in sentiment - which is rare on the 8H time frame. Clearly sentiment has been dented. I see small gamblers jumping in, buying the dip. Sure - on smaller time frames they may make a few bucks. However, at the moment I think they risk transferring money out of their pockets - on the probabilities shown on this time frame (only). Price is struggling around 50% or 61.8% fib on this time frame. The remaining big investors could be lurking in a kill zone for a big sell off - I can't be certain. I don't get a good feeling going long on BTC at this time. I'm happy to miss out - I would have lost nothing! 👍👌 Losing nothing in trading is actually winning! Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BITSTAMP:BTCUSD
by Captain_Walker
4
SBUX Earnings Call Risks and RewardsReal quick before trading closes.. I have the levels above that could be reached if traders react well to the earnings and the levels if a drop occurs. We all know that the earnings are going to be low. That is factored in already, but still there is still going to be a reaction tomorrow morning. I personally think there is more risk going for a call rather than a put due to SBUX outperforming XRT, the retail sector's ticker. More room to move down rather than up. Still earnings is always a little bit of a gamble so be safe and trade appropriately! Give me a follow if you like my content and check out my past couple posts... I'm pretty good at calling SPX movements ;)
NASDAQ:SBUXShort
by itsQure
1
Whales and Institutions EAT up over leveraged gamblers in BTC!Time and time again we see whales crush over leveraged positions - today it is a combination of institutional investors and whales taking YOUR gambled money! We have seen these wide range trends since BitMex and it has only gotten worse as more leveraged trading exchanges are available globally. Don't lose your hard earned money GAMBLING in a market you do not understand and cannot T/A reliably. Blue box = liquidation zone for over-leveraged longs and shorts Do not rely on T/A in the Bitcoin market, time and time again, the charts setup for "obvious" moves in T/A and whales/institutions crush the 10/20/100x leveraged traders because the market has such small liquidity and can be moved very easily.
BITSTAMP:BTCUSDLong
by MSMiner
1
Bitcoin - how to lose your money - demonstration of FOMOThis is on BTCUSD on the Daily time frame. I get right into my own psychology and explain what I'm feeling terms of FOMO. I point out how the FOMO mentality causes people to lose big money. I've put on a paper trade, to explain this. Note that ESMA and the NCA's have pointed out that: ... trading across different EU jurisdictions shows that 74-89% of retail accounts typically lose money on their investments , with average losses per client ranging from €1,600 to €29,000. Did you get that? if you're a new trader your chance of losing a substantial part of your account is up to 90%!! We're talking about serious risks in all trading. But where is the risk coming from? It's about a majority of traders having a psychological framework that cannot cope with chaos and uncertainty. Loads of traders are preoccupied with winning a single trade or not missing what they think is a good opportunity. They're largely influenced, as well by big media and 'forum talk'. Profitability depends on a consistent approach, avoiding the lure of bandwagons heading in one direction, missing on what turns out to be 'good trades', but controlling loss (the only real control we have). Just to be clear - I have pointed out the dangers. I have not said that people should not enter on Bitcoin. I actually said if they want to do so, it's better with a carefully managed risk on a much lower time frame. Nothing in here is advice, even if you think of it as such. I predict nothing.
BITSTAMP:BTCUSD
by Captain_Walker