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Gold finding a floor - finally?📌 @ridethepig Gold Market Commentary 16.12.2020 The moves in Gold have been excellent to track this year because of the tendency to put turning points around the Central Banks. This of course seems very appropriate. The 'infamous' loading zone has allowed us to pick the low hanging fruit, now things are going to start getting a bit trickier from a positioning perspective. I am certainly holding longs and will become a player of the momentum break today above $1,875. How far Fed is from reality and certainly equity markets too is remarkable, carrying out a quick review of the flows we are way out of the $1,803 support which is the one we were tracking earlier in the year. In any case, it is clear that the direction is long and with the Fed support essential - we should not suffer in the least. Buyers are aiming for $1,960 and $2,075 extension targets. Thanks as usual for keeping the feedback coming 👍 or 👎
FOREXCOM:XAUUSDLong
by ridethepig
23
ridethepig | Gold for ECB & FED comboA timely update here after a conversation with @zhaoyu01...I will try to keep this one short as by now we all know what is in play. On the inflation front it is clear what we have cooking. Sharp speculators in bonds are miles ahead as usual and signalling loudly that we have inflation coming to our theatres very soon: One of the best assets in 2019/2020 has been Gold to trade, the expression of risk makes for a clear picture. $1,803 strong support marked the lows, providing a jewel in our treasure chest and after the latest Brexit news it is all crystal clear to see: Now to put the 🍒 on top we have a ECB / FED combination coming. Purely as a matter of policy we can observe another round of traditional overdraft extensions in attempt of avoiding any vulnerabilities in stonks. The technicals are consistent throughout. We completed the retrace ahead of elections via profit taking and counter-play. The outpost now comes into play at $1,960 before unlocking fresh highs at $2,075. Thanks as usual for keeping the feedback coming 👍 or 👎
FOREXCOM:XAUUSDLong
by ridethepig
24
ridethepig | Gold Market Commentary 01.12.2020Here selling would be a weak move, though it involves the sharp threat of 'everything back to normal' and 'the virus has gone'. The error is that Buyers are still protecting as the underlying infrastructure is weak, as long as confidence in the public sector dampens, buyers will continue blockading the $1,803 wall. After spotting the divergence, we are now ready to march forward into the swing. Buyers should not be lost. The ability to make such differentiations between legs will stand us in a nimble stead. We must, in my books, take each swing as it comes and on a case by case basis, whether the driver is strong or weak, subtle or stiff, etc. Thanks as usual for keeping the feedback coming 👍 or 👎
FOREXCOM:XAUUSDLong
by ridethepig
18
Respecting RiskA friend of mine send me a question yesterday, "hey, curious question. how much was the a great day / swing/ scalp trader looking to make per day prior to Bitcoin?" This was my answer yesterday: That's an invalid question to ask a real trader. A trader takes what the market gives them. One may go days, weeks, perhaps a month without a signal that fits their rules that they have tested to be successful. A big part of being a trader is patience and staying true to their system that they have confidence in. A lot of "trading education" advertises "Make $XXX per day" but I'd be very wary of them. That's marketing I think in many cases to draw people in because it's something their customers can understand and desire. The reality is that a real trader goes through ups and downs and you just have to take a month-by-month or even year-by-year approach. I have had a great year. But I had a crappy October. I lost money in October straight up. But it's ok because this month I'm recovering. That's just the way it goes. Another reason I don't particularly like that way of looking at it is because I think you have to look at gains in % terms. Someone making $100/day on a $100,000 account is very different from someone making $100/day on a $1,000 account. The first is making 0.1% and the other is making 10%. To make 10% the trader has to take on much bigger risk relative to their account size. More risk = bigger losses when they inevitably occur. It's more important to focus on having good risk adjusted returns rather than dollar amount because if you build the skills to have good risk management all you have to do then is grow steadily. I get a little verbose when I'm asked simple questions about trading because it's my thing and I want to make sure to dump all I know on folks so that they can know the TRUTH. My friend followed up today with a revision to his question which I answered and made this annotated demonstration above. Thanks, you’re right, I should’ve framed the question better. Would your answer be different if I framed the same question as a percentage return regardless of principle investment? That is a much better way to frame it but then that still opens the question of risk. You simply must take on more risk (of loss) to get more return (of gain). There's really no way around that. The billion dollar hedge funds are like the pro athletes of trading. If they make over 10%/year rich people and retirement funds will invest millions with them. That is considered really good returns at that level of the game. Basically if you beat the "6-7% average yearly return of just investing in the stock market" you're winning. What the S&P500 does that year is called the Benchmark. So beating the benchmark means you're better than what everyone else is doing. If you fail to beat the benchmark then you've failed that year. That's sort of how the NBA of trading goes. Being a smaller trader on a smaller account you actually have advantages they don't. You can be faster, more agile, take on more risk, not be restricted by size and not kept down by regulations. So you can do better than 10% for sure. But I think a lot of people want to double their account in a year. This is possible to a seasoned trader for sure but it's dangerous. I usually say to that "something that can double your account one way can cut it in half the other way". That's the nature of risk in trading. There is also the factor of what you're trading and when you're trading. Trading crypto this year someone could have definitely doubled their account just going long anything. But what about if you'd started in January and been trading the big down move. We all know that there are down moves and that's what I mean by risk. You will take hits and the bigger your position the bigger the gains... but the bigger the hits. The only way to stay in the game is to stay tight with the risk and that means giving up some of the big YOLO potential. There is no easy answer is what I'm getting at. It's a game. That is a much better way to frame it but then that still opens the question of risk. You simply must take on more risk (of loss) to get more return (of gain). There's really no way around that. The billion dollar hedge funds are like the pro athletes of trading. If they make over 10%/year rich people and retirement funds will invest millions with them. That is considered really good returns at that level of the game. Basically if you beat the "6-7% average yearly return of just investing in the stock market" you're winning. What the S&P500 does that year is called the Benchmark. So beating the benchmark means you're better than what everyone else is doing. If you fail to beat the benchmark then you've failed that year. That's sort of how the NBA of trading goes. Being a smaller trader on a smaller account you actually have advantages they don't. You can be faster, more agile, take on more risk, not be restricted by size and not kept down by regulations. So you can do better than 10% for sure. But I think a lot of people want to double their account in a year. This is possible to a seasoned trader for sure but it's dangerous. I usually say to that "something that can double your account one way can cut it in half the other way". That's the nature of risk in trading. There is also the factor of what you're trading and when you're trading. Trading crypto this year someone could have definitely doubled their account just going long anything. But what about if you'd started in January and been trading the big down move. We all know that there are down moves and that's what I mean by risk. You will take hits and the bigger your position the bigger the gains... but the bigger the hits. The only way to stay in the game is to stay tight with the risk and that means giving up some of the big YOLO potential. There is no easy answer is what I'm getting at. It's a game. Let me illustrate this for you. So let's say you bought Bitcoin on January 1, 2020 with 3 different "risk profiles". You could have just bought 1 Bitcoin, with cash, for 7170, and held. Or you could have taken 2x Leverage meaning you only put down $3585 Or you could have done 3x which means you put down $2390. If you'd held those positions you would have done as the chart shows above. 3x would have blown your account... you wouldnt have been in the position to make gains by the end because you got margin called. 2x You'd be sitting on 4x your money... but at one point you'd been looking at an 88% loss. 1x and you'd taken a hit but by the end you're doing pretty good. Believe it or not... I've been trading so long and taken so many hits... that I don't even do 1x. I do something like 0.5x most of the time. I just have a strong respect for risk AND I'm trying to put myself on that level of the NBA players of Hedge funds and how they do things.
BITFINEX:BTCUSDEducation
by norok
4
Importance of risk management : this trade is now risk free!I took this trade and was expecting price to move 3R in my favor. However, after hitting 1R, the price just collapsed back. Even though I might loose this trade - but because of my risk management plan, this trade is already risk free for me (after it hit 1R). I cannot express enough - HAVE A RISK MANAGEMENT PLAN that works for your attitude! Risk management 1) Reduce 50% at 1R => Trade becomes risk free 2) Reduce further 25% at 2R AND move SL to break-even 3) Close trade at 3R 4) Winner = 1.75R (looser = 1R)
by makuchaku
1
Swing trade *AUVI* Not much data due to company time in market but here is what I have: Entered position today in small increments. Chart shows a bounce off area of S1(Support) and looking to make it way to P(Pivot point) Neutral outlook here with a very bullish outlook should it go back up past $7.90. Stop loss @ 5.0 4.97 *indicators used* -ZigZag -Supertrend V1.0 -Pivots -Vol -MACD -MA *Please leave a like if you found this useful* ------------------------------------------------ Sector: Health Technology Industry: Medical Specialties Applied UV, Inc. engages in the design, manufacture, development, and sale of infection prevention UV products for the healthcare, hospitality, and residential industries. It operates under the Disinfectant and Hospitality Segments. The Disinfectant segment designs, manufactures, assembles, and distributes automated disinfecting mirror systems for use in hospitals and other healthcare facilities. The Hospitality segment manufactures fine mirrors specifically for the hospitality industry. The company was founded on February 26, 2019 and is headquartered in Mount Vernon, NY.
A
by BeardedSince
WRITE THESE ON PAPER AND READ THEM EVERY DAY TO GO YOUR BLOODTRADE NOT 100% FACT , IMPOSSIBLE SIGNAL , PLACE,WAY 100% GIVE YOU PROFIT , TRADE IS % POSSIBLITY SO UNDERSTAND STOPLOSS IS PART OF THIS GAME UNDERSTAND IN TRADE PROFIT NOT NO1 ,RISK IS NO1 , REDUCE RISK , KEEP LOT SIZE VERY LOW IS IMPORTANT NO1 MY SIGNAL(ALL PRO,) ACCOUNT REPORT IS 50TP 50SL (50%) BUT SL=3*TP OR MORE 1000$ ACCOUNT = MAX 0.01 LOT (-20$) MUST YOU TRADE WITH MAX LEVRAGE 20) , PRO KEEP LOT 0.01 BUT TRY TO PICK MORE PIP,POINT FINALY KEEP 0.01 LOT FIX , 100% PUT SL ON LOW(HIGH) INSTEAD INCREASE LOT SIZE(RISK) INCREASE YOUR WAIT TIME IN PROFIT 100% you will loss =increase lot size , increate position cont , open posation near toghader , remove SL , margin level under 500% , cant wait in profit , close + posation soon ,keep - loss position find a way ,strategy to put your order and shot down PC min 24 hour go away and dont open platform
XETR:DAX
by ramin_trader2006
2