Btcusd two possible buy zones This Fibonacci pattern has been fulfilled once before on the previous pullback. We may see a lower pullback to the support or channel zone. As you see from entry zone one and two, Then there are two exit zones, Fibonacci and channel. The invalidation zone will vary depending on which entry zone you take. Be sure to set your price alerts to follow these entry zones
Living
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.”
How “SIMPLE” it is to Trade for a LivingWe just reached +1K followers here so This article/post is a thank you for each and every one of you.
Short answer: not easy but doable if done the proper way (my story at the end)
Long answer: trading for a living is a fantasy every trader has. however, to be accomplished it requires a strong mindset, a proven record with an objective well-defined trading plan, a trading journal to learn from your mistakes and keep improving, financial stability, consistency…
Forget about these gurus taking pictures driving a Ferrari and partying all year, traveling the world, and trading on the beach. (these so-called gurus use it as a marketing plan to attract people on their pages)
Before I tell how you can trade for a living, let us consider these two aspects:
Psychological Aspect: you shouldn’t depend on your forex account as your main income (to pay your monthly bills) as you will get emotional, make irrational mistakes, and you will end up not following your trading plan objectively. consequently, you will be afraid that you won’t profit this week/month, thus won’t be able to pay your bills.
Technical Aspect: you shouldn’t withdraw from your account frequently (every month/year for example). Let’s say your account is 10 000$ and you managed to make a 100% growth by end of the year. so your account is now 20 000$.
Because you need to pay bills, you will have to withdraw the profits, so you are left with 10 000$ once again. To make another 100% next year to pay your bills again. so you are not getting any further and still stuck in the rat race.
The right way is to keep your profits for your account to grow exponentially. For example, if you have 10 000$ and you make a 100% return this year, your account is now 20 000$, you keep the profits, and your 1% per trade is now 200$ instead of 100$, by end of the second year you also make 100%, now you have 40 000$ and so on…
As per the above two aspects, you shouldn’t withdraw from your account frequently ☝️
how to treat forex then? and how to be able to trade for a living? 👇
You have two options:
1- Have another source of income: like a job or a business that you depend on to pay your monthly bills. This way you won’t get emotional in trading and you won’t withdraw from your account for it to grow exponentially
2- Savings / my story: I quit my job on July 5th, 2018 to trade for a living. My plan was to save an amount of money, enough for me to live the same lifestyle I am used to for 2 years from now, without the need to withdraw from my account.
For example, if my usual monthly expenses are 1000$, then I need to save 24 000$ before I quit my job. this way, I can survive for two years without withdrawing from my account or depending on it.
In conclusion, trading as a career is doable but it requires a lot of dedication and planning in order for it to be successful. The most important aspect you need to focus on is being emotionally stable at all times in order to follow your trading plan in an objective manner.
All strategies are good; if managed properly!
~Rich
Trend in Banknifty still promisingThere is evidence that a flattening of the trend has taken place with each trend break resulting into more flatter curve. However when we read the volumes we are still in positive tracjectory, when we study price there is still positivity , THE MAXIMUM the bank nifty can fall is touch previous week's low i.e. 600 points down from here , however the BN has taken pivot from the level where there was formation of double top, which makes the case that bulls might be tired for some time but they have full force to make the upmove happen again, or can atleast keep the action in sideways momentum.
CSU - Cup and Handle Breakout 1 Dollar BullBullish on this, Previous chart I published made money. Handle took longer to form. The market this company is in a cash cow market. Good long term hold. Low risk even if it goes to .85 buy more. Breakout to a dollar.
Prime living - PRIMELonging.
- Ema's on 45 min chart about to blow.
- Fib relations respected.
- consolidation phase
- Hidden bullish div on 4 hr chart.
- Looks like we are forming av leading diagonal.