trailblazing women who took Wall Street by storm these incredible women have paved a way for female investors and traders around the world showing great resilience and fearless mentality despite facing gender discrimination going on to achieve great things in the financial field, motivating the future generation of young women that they too can achieve the unthinkable.
1. HETTY GREEN
the witch of wall street
also referred to as "the woman who loved money" born November 21, 1834 and also believed to have been the richest woman in America before the time of her passing, Hetty Green started her financial/business journey from a young age through the influence of her father who was a successful agent, oil manufacturer, and Quaker, who encouraged her to read and study financial texts when she was a young girl, he believed that even women needed to understand the dealings of money, business and overall how the financial world operates.
She is best known for turning an inheritance of between 3 - 7 million to 100 million U.S dollars approximately $2.5 billion in today's money. She did this by investing in U.S government bonds, stocks, real estate and railroads and providing financial support during crises, most especially the Panic of 1907, making her a reputable investor and financier, using a buy low, sell high strategy and impeccable psychology facing markets militantly and unafraid even in times of panic.
2. VICTORIA WOODHALL
the first woman to run for presidency
born September 23, 1838, Victoria came from a very poor background, with the influence of their father she and her sister sold herbs and potions posing as spiritualists and healers they caused them to live a on the run from one place to another due to unsatisfied customers/patients.
Their nomadic lifestyle led them to Manhattan were they caught the attention of railroad magnate Cornelius Vanderbilt, who it was believed they helped him keep in contact with his dead wife he in return offered them financial advice and through this connection they were able to open the first female owned brokerage in wall street in 1870 called WOODHULL, CLAFLIN and CO with clients of high society women, rich widows and high value prostitutes, this become a success earning them over $700 000 about 2million today. She used this money to further her goals and fund her campaign to run for presidency.
3. ISABEL BENHAM
madam railroad
born 1909, in the 1920s Isabel enrolled at a women only college called Bryn Mawr in Pennsylvania, with a strong desire to study economics and work in wall street it has a great tragedy to find that the school offered no economics courses but Isabel insisted the college offer economics studies and made history by being 1 of 5 women to graduate from the college with a degree in economics.
after graduation, living in times of the great depression also facing daily gender discrimination this did not stop her from pursuing her dreams to work in wall street, she started a side hustle by selling magazine subscriptions and later landed a job as a bond strategist on wall street bond house R.W Pressprich and Co. and due to her resilience and hard work providing accurate reports of the railroad industry became their first female partner and first woman as a partner of a wall street bond house and first woman to be appointed Board of Directors for a railroad.
4. MURIEL SIEBERT
the first lady of finance
born 1928 without graduating from any college her finance career started by being a finance research trainee and grew her expertise by working in various brokerages.
through hard work and determination by year 1967, despite numerous failed attempts and rejection she became the first woman to have a seat on the BYSE being the only woman among 1,365 men which was a remarkable achievement.
she went on to co-found Siebert and Co a broker- dealer in 1969 and when the the NYSE jettisoned it's 183 year old tradition allowing it's members to negotiate broker commissions her company became America's first discount brokerage also being owned by a woman.
by year 1977 she hit another incredible career milestone by being appointed superintendent of Banks for New York state, overseeing all NEW YORK banks with no banks failing in her 5 year term.
5. GERALDINE WEISS
grand dame of dividents
considered one of the best female investors/ traders of the 20th century, learning about investing by reading investing texts like Security Analysis by BENJAMIN GRAHAM and studying business and finance earning a degree at the University Of California.
with her advanced knowledge about investing she was still unable to get any job position higher than secretary due to gender discrimination in the male dominated industry but this did not put out her fuel and and undying desire to become be involved in the investment community and by age 40 she started her investment newsletter called "Investment Quality Trends" under a pseudonym "G. Weiss" to hide her gender as at the time many believed no woman can make successful investments and did this for a decade with her subscribers thinking she is a male it was only in 1977 when she appeared on TV program "wall street with Louis Rukeyser" that she revealed her gender this now with her newsletter being a success with accurate analysis asserting that dividend yield is a key valuation measure that how she got her nickname.
hope this inspires more women to be more active in the trading world.
Whatever women do they must do twice as well as men to be thought half their inferior. Luckily, this is not difficult.
– Charlotte Whitton
put together by : Pako Phutietsile as currencynerd
Pakophutietsile
if you use technical analysis you owe a lot to these individualsTHE HISTORY AND ORIGIN OF TECHNICAL ANALYSIS
I am a firm believer that as investors/traders we need to know the historic and major events that have occurred in this magnificent field of ours that have shaped how it is today.
Today i want to shed light of knowledge on the history/origin of technical analysis as this is a widely used concept that is used by majority of traders/investors to analyse/predict future market moves through the evaluation of historic market data especially price, volume and implied volatility and many have made a living and good returns on the financial markets using the various technical analysis tools and concepts but not knowing where it all started.
many do believe that technical analysis was initiated by Charles Dow in the 1800s but this is not true as evidence of Technical Analysis dates far back as to the 17th century from basic and underdeveloped methods as compared to the more evolved ones used in Morden-day times.
Let's get straight into it:
17th CENTURY
-- 1. the Dutch east India Company traders
The Dutch East India Company which was formed in the Dutch Republic, Amsterdam in 1602 which is known to be the first publicly traded company, trading mainly in spices, Indigo and cotton, which gave way to the first financial market the Amsterdam Stock Exchange. Here is when the earliest forms of technical analysis came to show when the Dutch traders would graph record/keep track of the various price fluctuations of their stock but in a basic form.
2. José or Joseph Penso de la Vega
still in the 17th century a Spanish diamond merchant, philosopher and poet best known also as Joseph de la Vega, born 1650 in Spain also considered one of the earliest financial market expert published a marvellous financial read called "Confusion De Confusiones" which provided detailed awareness of how the Dutch financial market participants operated focusing on their illogical behaviour and price patterns they used further more hinting on technical analysis with his descriptions of technical analysis concepts such as puts, calls and pools which are still relevant in Morden-day technical analysis and how he used these in the Amsterdam Stock Exchange.
18th CENTURY
Homma Munehisa
Homma Munehisa, born 1724 in Sakata, Japan a Japanese rice merchant trading in Dōjima Rice Exchange developed what i consider the most popular form of technical analysis which proved high standards of acceptance as traders/investors world-wide still use it in modern-day times, he initiated the Japanese Candlestick/ K-Line (primarily known as Sakata Charts), which is a price chart that's represents the open, close, high and low prices of a security for a specific time period which was introduced in his book "THE FOUNTAIN OF GOLD- THE THREE MONKEY RECORD OF MONEY" which also shared insights about chart patterns, markets trends and traders human emotions.
LATE 19TH AND EARLY 20TH CENTURY
Charles Henry Dow
considered father of technical analysis born 1851 Charles Dow is the one that first to induct modern-day technical analysis in the United States Of America, he was an American journalist who co-founded Dow Jones and Company which is a publishing firm along ide Edward Davis Jones and Charles Bergstresser. He also co-founded The Wall Street Journal which its first publication was on July 8, 1889 which became the the most reputed financial publication and first of it's kind which was a series of texts that discussed his observations of the U.S stock market especially the industrial and transportation stocks listed in the U.S stock market this gave way to the Dow Jones Industrial Average and Dow Jones Transportation Average, he also held a strong believe that "the stock market as a whole was a reliable measure of overall business conditions within the economy"
he also developed the Dow Jones Theory which states that the market has 3 trend phases which was a significant breakthrough in technical analysis as this theory aids traders/investors in identifying the major, intermediate and minor trends in the market.
after his passing many other technical analysis developers came from studying his work/publications which include the likes of William Hamilton who later become the editor of the wall street journal, others notable followers of his work include Robert Rhea, George Shaefer and Richard Russel.
another prominent figure in the development of modern-day technical analysis is
Ralph Nelson Elliot
born 1871 whose financial career started as an accountant, Mr. Elliot was famously known for studying 75 years of historical stock market data and recording his research and findings manually as computerized systems where limited which i believe is very outstanding.
his work is based on a theory that market movements are not random and that the markets moves in specific trends and patterns (waves) which are influenced by traders/investors psychology.
his wave theory gained traction in March 13, 1935 when he stated that the the market will make a bottom and indeed the following trading day the Dow Jones Industrial Average made it's lowest closing price, which proved his Elliot Wave Theory to be a significant technical anaysis concept.
20th CENTURY
Technical Indicators
with the aid of computerized systems technical analysis evolved into technical indicators which are computer systems backed by mathematical calculations of price data which apply these calculations to analyse large volumes of market data incorporated by algorithms which overlap on charts to forecast future price movements.
hope you have a fun read and learned something new.
“In learning you will teach, and in teaching you will learn.”
Phil Collins
put together by Pako Phutietsile as @currencynerd
BTC to run out by year 2140, who is the biggest whale?bitcoin whales are individuals or entities that hold/own the most amount of the digital XAU, to achieve this financial status one has to own at least 1000 BTC, with the coin's supply being infinite to 21 million (also known as HARD CAP), meaning that only 21 million bitcoins can ever be created. it's important to know who the big players are in the market also to keep track of the left supply.
one of the important reasons i think why the supply was capped at 21 million was to ensure no risk of inflation even though the Bitcoin creator 'SATOSHI NAKAMOTO' disclosed once that him capping it at 21 million was just an "educated guess"
in order to control supply, there is what is called Bitcoin halving which is the process by which the reward for mining BTC by half hence the term halving. the first ever halving was November 28, 2012 this was the start of a historic run of BTC as a deflationary asset and the most recent was this year APRIL 19, with the reward for mining a single block cut from 6.25 BTC to 3.125 BTC. this event happens when 210,000 are added to the blockchain.
this also reduces the rate at which new coins are created maintaining scarcity which results in an increase in value.
with all that said, WH0 OWNS THE MOST BITCOIN?
top 5 public cooperation's that hold most Bitcoin
* MICROSTRATEGY - U.S company - holds 214,400 est. Value - $13.5B
* MARATHON DIGITAL - U.S company - hold 17,631 est. Value - $1.1B
* TESLA - U.S company - holds 9,720 est. Value - $600M
* HUT 8 - CANADA company - holds 9,109 est. Value - $574.1M
* COINBASE - U.S company - holds 9,000 est. Value - $567.2M
top 5 countries that hold most Bitcoin
* USA - holds 207,189 est. Value - GETTEX:13B
* CHINA - holds 194,000 est. Value - $12.2B
* UK - holds 61,000 est. Value - $3.8B
* GERMANY - holds 50,000 est. Value - $3.1B
* UKRAIN - holds 46,351 est. Value - $2.9B
top 5 private companies that hold most Bitcoin
* Mt. Gox - holds 200,000 est. Value - $12.6B
* Block.one - holds 140,000 est. Value - $8.8B
* Tether holdings - holds 75,354 est. Value - $4.7B
* Xapo Bank - holds 38,931 est. Value - $2.4B
* BitMEX - holds 36,794 est. Value - $2.3B
then there are other investors that are involved in the BITCOIN market without directly purchasing it but through bitcoin related assets. these are :
*Grayscale Bitcoin Trust
holds 291,802 est. Value - $18.3B
*iShares Bitcoin Trust
holds 274,322 est. Value - $17.2B
*Fidelity Wise Origin Bitcoin Fund
holds 152,880 est. Value - $9.6B
*CoinShares/XBT Provider
holds 48,466 est. Value SEED_TVCODER77_ETHBTCDATA:3B
*ARK 21Shares Bitcoin ETF
holds 43,470 est Value - $2.7B
top individuals that hold the most BTC.
*SATOSHI NAKAMOTO
1.1MILLION BTC
*THE WINKLEVOSS TWINS
70,000 BTC
*TIM DRAPER
29,500 BTC
*MICHAEL SAYLOR
17,732 BTC
researched and put together by : Pako Phutietsile as @currencynerd
A Long "short"i analyzed this a while back and completely forgot about.
but
when i opened the price chart i noticed that price is reacting off significant market price structures.
basically,
on the Monthly price chart...
price is reacting to liquidity pool covering price areas from 0.91000 to 0.90600 which is based off monthly supply of proximal price 0.91000 and prev. demand Continuous Proximal PRICE of 0.90600.
and price on smaller timeframes is trading below parallel bullish price channel but i am waiting specifically for the 4HR candlestick to form a full OCHL below the channel to indicate changing market momentum to bearish.
with targets
@ previous swing valley around price areas of 0.89400 and 0.89000!
always remember, the market never forgets significant price areas.. used up/not.
put together by : Pako Phutietsile as @currencynerd
Fib Retracement - better/important than most believeFibonacci.
introduced by Italian mathematician "father of the Fibonacci sequence" Leonardo Da Pasa (born around A.D. 1170) in 1202 in his book Liber Abaci "book of calculations" which he handwrote as the printing was not yet invented, which also became the first book to be introduced to the Hindu-Arabic numeral system as it was a new way to write numbers and do calculations.
Fibonacci in trading.
the most important/popular fib tool in the trading/investing community is the Fibonacci Retracement applied from the Fibonacci sequence which is a set of steadily increasing numbers where each number is the sum of the preceding 2 numbers.
Fibonacci retracement, is derived based on high and low price/ valley and peak in supply and demand terms.
The most important Fibonacci ratios/percentage of the retracement measure is - 23.6%, 38.2%, 50%, 61.8%, 100%, with the ratio/percentage being represented by horizontal lines on the price chart.
calculated by :
in bull market, high price - (high price-low price) x percentage
in bear market, low price + (high price-low price) x percentage
Significance of Fib Retracement.
these are very important too traders as the indicate significant price levels/areas like :
- support and resistance
- liquidity pool - using rectangle drawing tool to connect two fib retracement levels together as a zone not a singular ratio level. based on current market conditions and trading criteria.
- price targets, exit price (Take Profit)
- Stop Loss
- stop and limit orders (set and forget for supply and demand traders)
Fibonacci retracement also compliments other trading tool and indicators well and can be used by all sorts of traders, from position traders to scalpers. it works best on trending market conditions to identify reversals, corrections, pullbacks continuation moves.
important note :
- Leonardo did not invent Fibonacci, it was actually used and known to Indian mathematicians since the 6th century.
- the 50% is not really a Fibonacci number instead is taken from Dow theory that assets usually retrace half their prior move.
put together by : Pako Phutietsile as @currencynerd
Top Trading BooksLiterature is one of the best ways to share and spread knowledge and information around the world, here are my top picks of the most informative, knowledge packed trading books that can help improve and transform your trading approach for the better.
1. Market Wizards - by Jack Schwager, 1989.
this consists of a series of interviews from a couple of the world's renowned traders including Paul Tudor James, Bruce Kovner, Richard Dennis and several others as they share tips and insights on what makes them the best from the rest. It reveals to traders/investors some of the traits it takes to become a successful trader.
"the elements of good trading are (i) cutting losses, (ii) cutting losses, (iii) cutting losses.
2. Trading In The Zone : master the markets with confidence, discipline and a winning attitude - by Mark Douglas, 2000.
this is mostly a trading psychology book that explores the significance of the right mindset when pursuing trading success as well as ways to maintain and gain emotional intelligence in the fast-paced trading environment and how emotional control is an essential part in any trading plan.
"do not let past loses influence your future"
3. Reminiscence Of A Stock Operator - by Edwin Lefèvre, 1923.
published almost 100 years ago, inspired by the life of stock trader Jesse Livermore. This book highlights tons of experience he gained in the stock market from the failures to success that even present day traders face.
"there is nothing like losing all you have in the world for teaching you what not to do, and when you know what not to do in order not to lose money, you begin to learn what to do in order to win"
4. Technical Analysis Of The Financial Markets : a comprehensive guide to trading methods and applications - by John Murphy, 1999.
given the name "the bible of technical analysis" updated from his landmark best seller "technical analysis of the future markets" if you want to learn how to track market behavior this is the book for you. if also offers from basic trading concepts to advanced trading concepts covering also different technical indicators and over 400 chart illustrating different market techniques. after reading i am sure you will be able to create a trading system that fits oneself.
"it should be stressed here again, however that basic trend analysis is still the overriding consideration"
5. One Up On Wall Street - by Peter Lynch, John Rothchild, 1989.
this book focuses more on the importance of research, study and analysis to go from beginner to expert trader as well as the different investment opportunities in our everyday life's that expert investors are not even aware of. Most importantly the effective investment techniques, strategies and guidelines that aided Peter to become one of the best fund mangers of all time.
"the trick is not to learn to trust your gut feeling, but rather to discipline yourself to ignore them"
6. When Genius Failed - by Roger Lowenstein, 2000.
this book tells the story of the rise and fall of one of the most impressive hedge funds Long-Term Capital Management which has more than $120 Billion under management before its downfall in 1998. The book is written in 2 sections, the first focuses on the 'genius' business model of the hedge fund that delivered more than 40% between 1994 and 1998 and the second segment explores the firm's downfall.
"investors long for steady waters, but paradoxically the opportunities are richest when the markets turn turbulent"
but together by : Pako Phutietsile ( @currencynerd )
new year, new trader Happy new year to all @TradingView users
A new year is often regarded as new and fresh beginning, the start of something new, i hope this is the year we excel and reach the kind of success and profitability we all long for and if you have reached it i hope to get the wisdom to maintain and improve on it.
here are some things to leave behind in 2023 that can help on your trading journey to being a successful trader:
-Fear of being stopped out or fear of taking a loss
- Getting out of trades too early
- Adding on to a losing position
- Wishing and hoping instead of having a sound approach to the markets
- Not trusting your trading system
- keep a trading journal
-overtrading ( random trades)
and here are the things you should consider doing to improve your trading in 2024:
-Educate Yourself
-Create a comprehensive trading plan
-Practice with a Demo Account
-Start Small: When transitioning to live trading
-Use Proper Risk Management always
-Stay disciplined
-learn from past mistakes
i hope this information helps you a lot. To a whole lot more trading knowledge sharing.
put together by : Pako Phutiestile ( @currencynerd )
swing traders are going to love this!the trade bias on this idea is strictly based on technical analysis.
going straight to the monthly price chart liquidity pool ranging from 28.08800 to 26.39800 has been the current significant price area in control of price since a rejection from the area in 01 march 2022.
price has been also showing signs of bearish rejection from price levels @ 25.40550 failing multiple times to close above, price continues to indicate increasing bearish momentum with bearish trendline (acting as dynamic support & resistance) still intact with no full OHLC candlestick closing above and MONTHLY candlestick currently trading below bullish trendline which closes in 28days a close above is extra confirmation for a continued move to the downside.
i have targets at previous high @ 19.6500 with just below it resting fresh demand zone, but the next bearish price of interest is liquidity pool ranging from 22.00100 to 22.25650 if we clear it then all aboard the TP cruise ship.
put together by : Pako Phutietsile ( @currencynerd )
SUPPLY AND DEMAND RULES ALL MARKETS
5 biggest gains in Nasdaq 20232023 has been a thrilling year in the financial markets with fears of a recession with rising inflation and continued interest rates hikes, WHAT A YEAR! but even with the trials and tribulations many investors have faced sailing the deep seas on the financial markets here are the top 5 biggest one-year percentage gains on the NASDAQ Exchange 2023 :
1. Jin Medical International (ZJYL) - Medical sector, surgical appliances and supplies industry.
this Changzhou, China based cooperation provides manufacturing of wheelchairs and other health-aid products for disabled and elderly people worldwide, with gains of +389.2%
2. NextPlay Technologies (NXTP) - Consumer Discretionary sector, Business services industry.
this company operates in 3 segments : media, travel and FinTech providing games, in-game advertising, digital asset products and booking services to residents of U.S, Puerto Rico, Europe and Thailand but is based in Sunrise, Florida, with gains of +152.8%
3. Invivyd (IVVD) - Medical sector, Biological products industry.
this company delivers antibody-based therapies that protect vulnerable people from viral infectious diseases starting with SARS-CoV-2. headquartered in Waltham, Massachusetts. it has gained +138.0% for year 2023.
4. Compugen (CGEN) - Medical sector, Biological products industry.
it is a clinical-stage therapeutic discovery company with product testers in Israel, U.S and Europe and it's headquarters in Holon, Israel with one-year percentage gains of +122.4%
5. Sphere 3D (ANY) - Computer and technology sector, Software-Application industry.
this is a carbon neutral bitcoin mining company with enterprise data-services experience.
it is based in Greenwich, Connecticut with gains of +106.0%
merry Christmas to all investors and traders on @TradingView . it's all love, this is @currencynerd signing out for the year. to more and more knowledge sharing in 2024.
clear 130.000 price areas for flight 'ninja' landingprice is in a bearish parallel channel and is failling to trade above 140.000 price areas.
i have short targets to daily demand of proximal price @ 137.300
put together by : @currencynerd , pako phutietsile
supply and demand!
dollar index lift-off to nov 22 price areasdemand level of proximal price @ 101.500 is in control of price , targets levels at nov 22 price areas at supply level of proximal price @ 112.000
supply and demand in combination with price action!
put together by : pako phutietsile, @currencynerd
will the cable trade higher when BoE increases rates .. 1.30000?gbpusd , great british pound / u.s. dollar (the cable)
economic outlook :
on May 11 2023 the BoE is meeting and it is expected that they will hike the interest rates and even though on May 3 the Fed are also expected to lift rates there is a interest rate differential as the Fed are also planning to pause raising interest rates which could signal the british pound outperforming the u.s dollar.
more positive for the sterling as, the united kingdom government is said to have borrowed less that expected which means there will be a fiscal stimulus that could add more bullish momentum on the cable.
technicals :
price has been trading is consolidation phase with the psychological low of the sideways range @ 1.19000 and the high @ 1.24500.
bullish momentum is in control of price as price is respecting and holding bullish trendline by trading above it and is trading above the high of the consolidation phase @ 1.24500.
i have targets at weekly supply level of proximal price @ 1.27800 but overrall bullish targets @ 1.30000
supply and demand
FX:GBPJPY
put together by : Pako Phutietsile
presented by : @currencynerd
courtesy of : @TradingView
