$SNDL (Political/Social Catalysts Approaching) Good evening or good afternoon to where ever you are?!?
Let's start off by saying that this stock has quite of few catalysts ahead of it.
(Mexico is about to legalize marijuana, which will put pressure on Biden to do the same | Medical/Political pieces you can search.)
Uruguay and other countries have seen an amazing benefit from legalizing weed one being a major decrease in crime.
Mexico is thinking of following suit of AMERICA and CANADA and legalizing weed. They're expected to draft a plan and bring it to a floor and figure out if it will be nationally or a small roll out at first.
Mexico has quite a few politicians pushing to help take away one aspect from this dangerous drug trade and just legalize weed.
Also take a look at their investor slides they Have an amazing team with a C-level suite team that comes from companies like KELLOGG's/MARS/GENERAL MILLS (google their investor slideshow for march 2021)
Look if you're waiting to scalp on this or wait for any of these catalyst, you're not going to get anything out of this. This is a long play based on some of these potential catalyst's in the future. (numbers look good too*)
I know there are quite a few institutions and investors with bigger followings posting articles that support their shorts, but weed is going to become like SODA,GUM,CHIPS, everyone is going to want to get in at some point.
The days of W.B. MASON are gone. Weed prohibition is over. The future is now old man. (sorry if you're an older gentle man or lady)
Respect peace and mad love to everyone. :D
-Wayne
This is not financial advice. This is merely an opinion piece to start an educational conversation. Do not buy and do your own due diligence.
Social
Is Elon Musk Playing 4-Dimensional Chess w/ BitcoinDoes anybody remember when Elon Musk tweeted, "Tesla stock price is too high, IMO", right before the continuation of one of the biggest historical rallies for a stock? I believe now may be the same case. If you are able to break certain resistance curves with financial assets, then once support quickly adds back towards the smaller dips, it can continue way past its previous price and have barely any resistance. I'm not saying this is what Elon Musk is trying to do, but if he is playing some sort of multidimensional chess game, who can blame him? That said, please do your own due diligence and invest at your own risk. Everything I say is on an opinion based basis.
IPOE - Buy zone $20-$22 then 50% gain?IPOE - Buy zone $20-$22 then 50% gain? Patience usually pays off. There is a gap around the $20-$22ish range. Fib golden zone also. We will see if price drops to these levels?
HAKKA Alert for Reversal HAKKA has a solid team and media hype and may be a fantastic trade/medium term investment if it can get more social hype and start to reverse course!!
TWTR over 53.89 (Multi-year breakout)Shown here on the monthly view, TWTR is working on a huge breakout. From a fundamental perspective I believe its waiting on news regarding either: 1. Subscription or recurring revenue business model 2. Leadership particularly Jack Dorsey the CEO. I like Jack but he splits his time between $TWTR and $SQ. You have to wonder how this company would be run with a full-time CEO. There have been rumblings about a shift so we'll see what the new year brings. I will be taking a long position with enough time ahead of the news but a breakout over this monthly resistance should yield a big move.
APPLE BULL FLAG? possible bounce off 117-118 for ER run upAPPLE waiting to breakout of this down trend, could see a retest towards resistance at $124.50 or we could see a move down this week to my support zone at $108. .618 Fib is at 117.14 could see a bounce there to retest ath. Keep in mind ER is coming at the end of the month 10/29 so options get next week exp. or 2 weeks out to give some time, scale in small because market is very uncertain with politics in play.
PT 128
Collapse of civilization news N°18> Argentina: We WILL win the race to zero. Price goes from a straight line to zero to a sharper straight line to zero 🖨️
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Argentina, that basically has been in a depression for 20 years with governments trying their hardest to help, has now a government that figured "hey what we are doing is not working, let's do more of it". Hi I'm Jarvan I'm helping. 20 years. Government intervention at its finest. Austrian economics.
Closing the country to imports, trying to avoid foreign currencies, stealing the public purchasing power this magic wand is sure to... fail as usual.
As long as plebes are mathematically and economically illiterate, shoot themselves in the leg while voting, this will never end.
Let's go once again see that failed nation beg the IMF for money. "We are once again asking for your financial support".
Kind loving Cristina Kirchner really did a great job finishing that country off. Those social programs really paid off.
Ironically all of the progress made towards helping illegals is useless: They ain't coming anymore, not to that sh thole 😆.
Haha and anyway each time any government tries to fix the country labor unions put their foot down because they enjoy too much living in poverty.
The only thing that can fix the country now is a brutal black death that would cleanse the country from the bottom feeders.
Worked for Europe, ended 1000 years of middle ages and right after it took a hit Europe became the most advanced civilization in earth history, conquered the entire world, and went to space.
Heard Argentina was a great destination for sexual tourism, meet some poverty-stricken labor union worker's daughter (18) that would do anything for 5$ hahaha.
Lazy & dumb people can never win. A way or another people at the top always end up winning.
A comedian said "It took real talent and perseverance to bring down such a wealthy country.". Well done indeed.
> The guardian: "Region belongs to Azerbaijan" - By: Azerbaijan ambassador. Washingtonpost: But Trump thought 🤡
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A testament to the efficacy of the communist regime that did a great job 98 years ago.
The guardian had a letter from the Azerbaijan ambassador featured. Have not seen the other side speak.
The Washington Post had an article about the war "Yeye the conflict could draw Turkey and Russia in but more importantly orange man dumb" and then they link to 150 articles about Trump. They also have articles worrying about the fair place of women in the region, the issue at hand and the violent exchanges are secondary, the big question is "are the men making sure they are putting feminism first as they kill each other". Their words: "Gender action plans must be implemented in crisis zones to alleviate the suffering of women and girls". Yes perhaps while fighters fire their gun while holding their pinky up they can - in the middle of firefights - throw an eye around to make sure the women are comfortable. Make sure this war does not lead to anyone getting a bad bruise.
The media has become so bad. I wonder if they are not trying to accelerate their end, get on their path to learn to code faster.
Westerners don't seem to give a rats ass about the conflict. They'll care when it reaches them and interferes with their useless mundane daily cattle routines.
Contrast this to the enormous importance they gave to the virus and the fear (some young people I heard showered with a mask on 😂).
> France randomly just decided to fight islamic separatism. In particular no child shall avoid school brainwashing 🧟
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France's president is coming with a plan to fight muslims that are not getting indoctrinated by the post-liberal global world order.
Cattle! Get back in the livestock truck!
The pro diversity governement has not mentionned terrorism afaik, nah what worries them is that muslims are not progressive enough.
The president of the surrender country also said that there were too many muslim hoods and this was not diverse enough, the consumers shall not have their own culture and ethnicity, the consumers must be mixed with other consumers, preferably black, and turn into a homogenous group of individuals identified by numbers, then we will have reached real diversity, when every one is the same. This will age well.
> Healthy opposition & criticism: president Trump has coronavirus, the opposition celebrating and wishing he dies 😷
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I think establishment burgerlanders do not like Trump very much. They celebrated Trump getting rona and wished him death, on their beloved brain emptying social networks that have policies against wishing harm to others (these policies do not apply to Trump).
They all loved Trump from the bottom of their hearts a few years ago lmao. "But we're on your side". Ye no one is on their side.
The president that is 74 years old and obese is already out of the hospital to which he only went to to be overly cautious, after 2 days, making the empties that are terrified of the common cold look stupid once again.
> France: hard prison for man that name called jews, creep that raped a girl for 10 years gets a slap on the wrist 🏳️
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I think I am going to leave this sh t hole. Making a bit of money then buying a house somewhere else in Europe or North Africa.
It's dangerous to live here, you could end up in jail for a little joky joke. Surrenders (the population of surrender) are messed up in the head.
Wishing death on Trump gets you a medal, openly calling for the genocide of whites gets you smile, name calling jews gets you years in jail.
Raping a little girl for 10 years straight gets you a 1 year suspended sentence, watching it happen 4 months suspended sentence.
Stupid global world, there is nowhere to go everywhere is a mess. Maybe a small island in the pacific relax while everyone kills each other 🍹😎⛱️.
I have some time to learn arab but it's such a pain I hate learning.
There are .2 guns per person in France, most are old ones or shotguns. Another estimate says 32% of french own a firearm which is high it would be as much as americans (except americans own m16 and rocket launchers)
Funny how everything the national socialists did here was bad but the government OF COURSE THEY DID kept around their anti gun rules.
What? The french administration supports national-socialism?
> 2020: Kyrgyzstan population storm presidential & parliamentary swamp building and free the ex-president 🔥
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I predicted this lockdown to justify mail in votes would lead to a lot of unrest and conflict and bingo!
Here is one more: the population of Kyrgyzstan peacefully protested and peacefully stormed the castle, then they peacefully liberated the ex-president.
The electoral commission has cancelled the contested election result. They are draining the swamp lol.
Maybe WW3 soon. Turkey has rightly pointed out that the international community 🎪 has achieved nothing in 30 years of whining and participation trophies and being nice (regarding the armenian ethnic region located inside another country thx Stalin).
Stunning and diverse Los Angeles is populated by some Armenians - they are way more of them outside their country than inside - and they have taken to the street to protest the unfair media coverage. Maybe Kyrgygz are next?
Wonderful brave and stunning multi cultural extremely rich in diversity West Europe, Canada, and USA are going to have a great time when the 1000 tribes they welcomed on their soil start fighting each other HAHAHA this sh t fest is going to be AMAZING !
I recommend changing your desktop wallpaper if you have not already. Look for "Burning City Backgrounds".
Remember 1945 when the USA & European powers grouped and went for globalism liberalism and diversity "to make sure the dramatic events of the 20th century (caused by nationalism) never happen again".
Maybe after the world recovers from a global civil war mess the governments will agree that "never again" and all become ultra nationalists and make sure all of their borders are closed "to make sure the dramatic events of the 21st century never happen again" HAHAHAHA IDIOTS!!! And then we'll make sure the "dramatic events of the 22nd century never happen again" and then we'll make sure the "dramatic events of the 23rd century never happen again" what a circus 😂♟️
🍿🍿🍿🍿🍿🍿🍿🍿🍿🍿🍿🍿🍿🍿🍿🍿🍿🍿
End of the world news N°16> Ubisoft recent game: includes evil organisation UMBRA with similar narrative & same symbol as BLM. That timing! 😂
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Ubisoft, a really solid & smart company, with great user experience, that holds its promises, has great servers that work really well, treats the licenses it buys with respect and does not destroy them, has recently published a game at the best timing (need to release it for Q3).
So their game (phone game), a Tom Clancy game, 1 of the rare license that survived Ubisoft, contains a terrorist organisation called "UMBRA" that are anarchists.
The opening sequence of the game shows "peaceful protestors" setting fires and insulting and fighting police. Holding signs "power to the people". Behind the peaceful protestors there is UMBRA, that uses a black raised fist just like the BLM one. They also have some A anarchist imagery that reminds us of Antifa.
The company, that was already under fire for its corporate practices (not just towards clients but inside the company), has been called fascists and so on, even people working for them (or a branch) have run to their little keyboards to rage at Ubisoft.
I do not know if they made the game before 2020 and then just released it at the best time, or if they tried profiting of the news.
The whole situation is funny as much Ubisoft move as the angered reactions.
Some might say that if 1984 was published today it would get banned.
> Quebec & Australia to send anti-lockdown protestors & uncooperative citizens + families in concentration camps. 🤨
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Who could possibly have seen this coming?
"Liberal" (LOL!) Australia & Canada (Québec) are planning to send anti-lockdown protestors & uncooperative citizens to "secret detention facilities".
I think it is safe to call those concentration camps, or gulags.
Canada is already known for their ultra-authoritative handling of the situation. Both government and companies.
A plane fight in Canada (from westjet) got cancelled because a family refused to have their 19 months kid wear a mask.
The enlightened crew got angry and tried to force them to comply because "it is the law" (no it's not).
The flight got cancelled and the sheepish passengers raged at the muslim family, shouting islamophobic slurs.
So we can assume those people are all idiotic sheep, and think this mask is good, but on a 1 year old? Doesn't sound weird? How about 1 month? Where does their tiny brain go "dring dring"? Never? Most of us learned of 20th century gulags and concentration camps and how "if it is accepted man is capable of any evil", people were skeptic. Well craziness is happening now.
When I was a teen I always thought I would not fall for it. "He thinks he knows things". "He has superiority complex".
Oh ye? Here we are. And as predicted, call me arrogant they ARE beneath me. Pfff exactly as I thought, go figure.
Just wait, in decades. In hindsight "every one will have known from the start".
Pisses me off when I see lesser plebes laugh at "stupid primitives and middle ages" thinking they are better and not knowing history gets compacted.
The corrupt politicians that are about to fall have the support of the scared sheeple. The scared sheeple that try so hard not to touch anyone and stay far away.
I wonder how many of them are aware that we are basically in constant contact with all of the cold viruses.
How do they think people that spend time alone in the cold end up sick? Santa brings the virus to them at night?
The things I could show these hypochondriacs that would scar them for life :D
Did you know we all have nightmarish looking "worms" with plenty of legs that live in our eyelashes?
Your face is full of tiny arthropodes. Think of them as tiny spiders.
Do you often feel tickles in your eyebrows and need to scratch them? (:
Oh and take my word for it: Cook your meat. Well. Especially pork (or just don't eat pork).
They do not even understand the concept of external immune defences or even just basic probabilities.
> "Green" french mayor is cancelling the town christmas tree because of "the suffering of poor little trees". A sect? 🌲
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"Mass delusions". Sheep behavior. We call it "mode" in france. I think the translation is "fad" but not sure it has the exact same meaning.
So in france the greens have this long term fad and they keep pushing it further. "De la surenchère" meaning always pushing it further, always trying to be more virtuous than previously.
It really reached the ridicule stage. Euphoria.
Back in the late 1790s in France after the terror that followed the revolution, people needed to let go, and there were different fads, including the "merveilleuses", these ladies wore extravagant costumes and were inspired by pagans & ancient greeks.
They kept escalating it, and the craziest, er I mean coolest, ended up wearing full transparent dresses.
There is a famous engraving showing a blind man tearing the dress of one of these mentally stable ladies and her being shocked "oh no every one can see my behind".
That was the top of the bubble by the way. The movement started a "bear market" after the public (conservatives I guess) were outraged by the "liberal liberated" women or whatever they called them back then. Same old story.
The greens are at this stage. Even sheep have to start thinking "ok this is too much" right? As we know, with everything, "the market can stay irrational longer than you can stay solvent", so the greens can get crazier before the bubble goes boom.
French greens at the moment are fighting to find out who is crazier, and looks like Bordeaux mayor is at the top: he cancelled the town christmas tree calling it "a dead tree" and whined about the effect man has on nature.
I'm just watching this whole circus with my imaginary 🍿.
> Anti vaxxer hating & belittling democrats: Trump promoted a covid19 vaccine, so now they are anti vaxxers too. 😉
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Another big surprise kappa. Democrats, some of which have been leaked saying "we need to keep schools/the economy closed until the re-election", known for being very violent towards anti-vaccination people - some will remember how all "conspiracy theory" and "vaccine skepticism" was demanded to be banned from amazon.
Well as you'd expect Trump said he'd have a vaccine ready soon, and was positive about it so now obviously all democrats are strong anti-vaxxers.
"Oh noooes we can't have a vaccine this fast other ones took years". "Oh noes there might be secondary effects we should make sure before using it".
"It might not be safe". "Who knows what is in this vaccine".
Sounds alot like the type of narrative they worked so hard to censor.
I'm really tired of these animals. Why must Europe, EUROPE, across the Atlantic!!!, take decisions because "Trump said".
I'm not an American. I do not care what Trump said. Stop telling me how Awful Trump is. Stop taking decisions based on what Trump said.
"Trump talked positively about Chloroquine, quick let's ban it in France". "Trump is against lockdown, ok every one at home now and for the next 3 months".
"Oh its the elections in the USA again every 4 year, time for Europe to have BLM riots". "Trump farted, now farts are illegal punishable by death".
About time these babies got cut off mommy's milk and start focussing on their own countries.
Of course this election is more important to them, the outdated 1945 world order is over and these bagholders can't let go.
And it's easier to win a civil war/impose a dictatorship when you control a country nuclear arsenal, and the army but they won't have that.
Can burgerland kill each other soon? It's getting time for their regular civil war so please hurry up, and european countries can have their weaning.
> American ignorance: 20% of NY gen Z & millenials think jews organised the holocaust. 58% cannot name 1 camp. 🤤
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Back a decade or two ago Europeans thought Americans were fat lazy ignorant idiots. Stereotypes are bad. Nah just kidding this is true.
Fatmericans 18 to 39 of in New York have been asked a few questions recently, and oh is it bad.
Maybe they are complete neo-nazis, but from what I saw (Mark Dice interviews, television, you know... the internet) I think they are ignorant.
2/3 of them have no clue where France or the UK is on a map. 11% cannot even locate the damn USA.
There are so many stats like this.
28 percent of respondents in New York believe it is acceptable to hold neo-Nazi views (no idea what this means), hey so maybe they're fascists and not just ignorant?
In any case you can't fight "progress", and WW2 is far from memories and slowly disappearing.
There are 2 things here:
1- Young Americans are completely ignorant, makes you wonder what is in their head. No idea what the 4rth of July is seriously?
2- The old global liberal world order that was a consequence of the traumatism of WW2 is fading away.
The USA has had a civil or major war at regular intervals, I will make an idea about it. It's way too precise to be a coincidence.
Politicians that think "nationalism" or whatever is the only way for wars/pain to happen and that globalism is the ultimate cure to everything are obviously braindead morons that learned something by heart at school and are incapable of thinking for themselves (as their pathetic handling of the coronavirus crisis has proven).
> Ethiopia is printing new magic beans replacing old ones "to fight crime". Personal request: please call it "Birr Forte". 🖨️
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Ah, let's end on magic beans. Ethiopia, that have had a double digit official inflation (reality might be higher) for the most part of the last 2 decades, is printing 200 magic beans denomination bills. "For security reasons and to fight crime" lmao. "Hoarding". "Counterfeiting". "And other ills affecting the economy" Try not to laugh challenge failed.
Has nothing to do with being over-conservative, having a history of communism (74-91), huge corporate taxes and regulations, or their diversity system (the country is organised in an ethno-federal fashion), having one of the lowest economic freedom indexes, being in the bottom of the list of countries where to build a business, oh and making it straight up illegal for foreigners to do anything involving money (banking, insurance, investing...). Not exactly an "open society" as George would say.
What is interesting about this is that the population only has 3 months to replace their ponzi pieces of paper with new ponzi pieces of paper.
In today anti-racist world I feel bad mentionning this country. Why? Because of 1 fact I doubt 99.9999% of americans know: the word comes from ancient greeks. "Ethiops" (how it sounds not how it is written) means "burn faces" (because of dark skin).
We should cancel this country for having a racist name.
Here is the chart of their wonderful currency. Few countries are poorer & have a worse HDI than them. They used to be at the very bottom I think, but now they got a solid dozen countries that are even worse.
Other countries & history keeps showing every one how too much communism, too much conservatism, too much liberalism, too much pumping stocks even, and so on, is bad.
But hey, those small heads don't have the space to contain Miley Cirus lyrics AND all these complicated facts.
It's not every new generation (10-20Y) but every new GENERATION (50-100Y) goes through the same thing it seems.
And new kids (generation 10-20Y) repeat the exact same things as the kids before. It never ends. They were just born and have no clue but sure, they know everything, and have no hindsight bias at all.
And add to this clowns think "liberalism" actually means liberalism... And that's far from the stupidest thing they believe.
ASX - Two Personal Loan Corps surge as Afterpay flatlinesFollowing the end of Australian government's benefits to reduce unemployment at some time in H2 2020, there will be higher unemployment and lower incomes overall.
The result of this is that the Australian public will use small loans to get by week to week especially when work availability becomes volatile. Certain types of businesses including those in the hospitality sector will close forcing casual workers to rely on Government unemployment benefits until meaningful employment can be found. Assuming that these benefits return to the levels seen pre COVID-19 (~ AUD$20 a day), many Australians will need flexible loans to maintain themselves.
Some of the loan providers making noise are:
ASX:Z1P
ASX:APT
ASX:OPY
I'll be closely watching these; especially ZIP Pay due to its recent venture into the United States, a country that will see these issues magnified due to the lower number of government benefits available.
The most communicative projectROOBEE seemed to me quite an interesting platform. They haven't forgotten about their users for a long time. Social networks constantly publish news about their achievements (even minor ones). I like the project and look forward to its early public launch.
The Secrets to Forex & Why You're the Wrong Type of Loser (pt.1)This is a 'many-part' educational series to help turn smooth brains into folded brains. The series reveals the true power of the social and psychological factors shaping markets. This is abstracted from 7,000 hours of research in markets and finance and is a synthesized thesis between my research, John Boyd's work on strategy and adaptability, and David Bohm's theories on emergent behavior. The endstate for the reader will be vastly improved risk management, and novel methods for reducing uncertainty.
Part 1: Why 85%+ of Retail Traders are the Wrong Type of Loser
The true holy grail of markets.. the risk-free rate of return asset, doesn't exist (even perpetuity coupons aren't risk-free). Risk or uncertainty permeates all aspects of our reality. Managing risk is a fundamental component of all business, law, politics, military affairs, sports, etc. It is essential to any form of competition (which markets are). Virtually every element of any strategy employed anywhere involves risk management. It's more than just money... its everything; your relationships, your happiness, your experiences. Your ability to manage risk and uncertainty will positively correlate to your future quality of life.
Why?
Because we can't see the future, but we live into the future. Thus, no matter your wealth or political power, uncertainty is still your master. Fear of uncertainty drives your psychology, the psychology of other individuals, organizations, and even nations. And what these entities do, affect you. Even at subconscious levels. Those that fight uncertainty, do so at varying levels of competence. In the world of derivatives, and for our interests its sub-class: forex, speculation against uncertainty shapes most of the price discovery experience visualized on your favorite candlebar chart. What happens on your chart on higher timeframes is the result of speculation; even those with carry trade positions are still speculating about rates and central bank decisions. The only people who aren't speculating are insider trading, which is illegal. It's illegal to not speculate...
Make no mistake, in the world of speculation, those that fight the best battles, are the ones who fear uncertainty the most and go to the greatest lengths to conquer it. But we already determined that you can't conquer it, you can't see the future. So what does a 'best battle' or 'meeting halfway' even look like in trading?
What do you call a loser that doesn't always lose?
Let me stop for a second.
You're probably thinking: 'this is obvious, no one wants to lose money, everyone is afraid of what they don't know, the future is unknowable, etc'
'How does this help me make money?'
First, you need to understand what you are in this game called Markets.
In this oddly balanced game, those with the most to lose often have the biggest say. And vice versa. You are the vice versa, the retail trader. Retail traders comprise 4 categories that often overlap, ie: people who usually do not have a professional background in investing/trading, or a professionally relevant education, or professional connections as a major client or data access, or a high networth. Your competitors are the opposite (they are all those things and more): the winners, the market makers, the whales, the money printers, the ones with the biggest say, the old money, the 'smart' money, whatever cringy title you want to give them. Commercials/institutions/fund managers/portfolio managers/pension managers/etc.. These guys are speculating about the future, just like you. But their speculation is what shapes price discovery and market movement, YOURS DOES NOT.
This means that whatever you think the market does or should be, DOES NOT MATTER.
Your fibonacci, does not matter.
Your head and shoulders shampoo/pattern, does not matter.
Your sup/res lines, do not matter.
Your moon cycles, do not matter.
Your RSI/MACD cross, does not matter.
The only thing that matters, is what these commercials/institutions think. That's it. If they think that this head and shoulder on the 4h EURUSD matters, then it matters. If they think the moon cycle this month matters, then it matters. If they think communism is good for business, then it matters... etc. It's exactly as irrational as you might think. Now, with their fiduciary responsibilities, they do have to justify their picks. So moon rune interpretation is usually off the table. But guess what. These guys, despite their immense wealth, their research teams stocked with specialists with PhDs, and all the instant access to prime data in the world.. they still lose. They lose all the time, and they lose big. Eye wateringly big. The vast majority are barely winning 60% of the time, if even that... That's why many are offloading into 'less competitive' money-making opportunities; like underwriting, checking accounts, or alternative investments. Competition itself is too much of a risk for their uncertainty appetite. You have to applaud their level of greed.
But to stay on target. Whether your technical system is profitable or not is often a factor of the fitness of your indicators with whatever strategy the commercial is using to execute entry implementation (or combination of models or commercial strategies). And when a few of their models/strategies are losing, it makes it even harder to win at this game (or in those instances, your system might win, whilst you rejoice at the amazing ability of your moon cycles to predict the future).
But let's back this up, did some of you notice something off? 60%~ ... That's actually not bad. A trader who's experienced at losing (and yet making a profit in the long run) would kill for an average position win rate like that. Instead of thinking, "how do I avoid losers entirely" Stop wasting whatever brainpower you have. Start thinking, "how do I minimize my losers?" The losing positions are always going to happen, no matter your system. All edges fade, and even a mythical system that won 90% of the time will weaken over months or years. But if you learn to master the art of 'losing,' the overall win rate of your positions can AFFORD to be low. In many cases, it could even be less than 50%, and you could still make a living as a trader/investor. The best and brightest, the commercials and institutions, are barely going 60%. What makes you think you can do better?
Does it mean all hope is lost?
Not even close. It simply means that you need to focus less on your directional/positional bias strategy (the winrate), and more on your risk management strategy. You have to become the right type of retail trading loser, the 15%~ or so that retail brokers survey as profitable. These guys are losing 40%, 50%, 60%, even 70% of the time, and some of the them are still making big money. It's counter-intuitive but they are the guys winning at losing, and turning that into a living. Your ability to survive losers.. to adapt to uncertainty , is the first secret and the most important step into the weird world of profitable derivative trading.
Okay, so you might be thinking: "Again, obvious. Isn't that just 2%? Isn't that just low margin? Only trade Majors? 100 pip SL?"
If those were the first things you thought, then we still have a very long way to go. Fortunately, this is just the introduction.
See you next week for part 2: 'time as the dominant parameter, fair value, and the 'center of gravity.
BTC / USD Forecast - Bottom between 2018/11/25 - 2019/01/13BTC is in its final stages of the 12 months decline. We expect a bottom between the time frame around November 25th and January 13th 2019. Usually the Fibonacci fan is left earlier and prices dont follow until the end of the time target (in this case January 13, 2019). We expect a higher low around January 13, 2019. After January 13, prices have according to fibonacci, social mood and mass psychology the best setup for higher prices.
The target to the upside is already set for 2019.
Please be aware that time targets are more important than price targets in our forecasts.
Nevertheless, we expect the price target around 4.200 at the moment.
Feel free to join our Channels with weekly free forecasts:
Telegram: t.me
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Our Webpage: cryptwaves.com
Our latest and free Telegram XLM forecast:
cryptwaves.com
Happy surfing!
Achieve Financial Security through Self DevelopmentSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Achieve Financial Security through Self Development
What skill set will you further develop over the next 90 days?What books will you read? What courses will you take? State specifically your personal development action plan for the 90 days...(your personal development is an ongoing process)............................
Strengths and Weaknesses
1. What are your skills?
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2. Do you tend to be compulsive?
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3. How much social contact do you need?
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4.Can you work by yourself day after day? Do you need other people around you?
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5.What are your psychological strengths and weaknesses? In terms of trading system development?
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6. Do you have deadlines to meet in your trading?
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7. And lots more..............................
Please let me know if you have any questions or would like to know more
Happy trading :)
"Invest 3% of your income in yourself (self development) in order to guarantee your future" Brian Tracy