USDCAD with 100+ pip winPrice hit right at 80% and shot up like a rocket. This is how we know smart money was behind it. be sure to follow for more, I am returning with no pressure and just to simply have by trading.
Bigwins
Irrational behavior: Fleeing winnersI do not know if one is born a trader but I know one can be born NEVER a trader. Those that have these bugs in their programming that make them do things that make absolutely no sense, there is no point even trying, they are set to fail from the start.
I think learning about your own tender feelings is totally useless, if you have these tender feelings I am pretty sure you'll never make it no matter how many excuses how throw at reality, which is yet another irrational thing to do and so silly to expect it to make a difference 🤷♂️.
But learning about other people tender feelings is certainly interesting.
Running winners is variable the ultimate objective is not to be a robot. And the variable might be increasing right now which is a reason for me to write this little piece.
First of all I think this period of the year is more lively than the winter, but also notice the pattern americans are following:
"In the first round of economic impact payments, households set aside 29% of their checks for consumption. In the second round, that fell to 26%, and in the most recent round fell to 25%."
The S&P 500 broke out of the Donald Trump trade war broadening wedge. It remained above, kept going up, now even broke 4000 and bears are getting slaughtered, skeptics are slowly being convinced it won't crash like 2008. You know the saying "1 by 1".
Americans fear is diminishing, unless it's just they have no choice, I think their fear is reducing, and they are spending more willingly, gambling some of it on meme stocks.
We saw the Yen do this thing it sometimes does. Lots of money is being printed, activity around the world is growing.
I think we can expect big trends, Forex was creating depressions with how bad and tight it had gotten. Finally!
Trying to run winners for kilometers in a calm market is stupid, but not as stupid and running away from winners like they are Michael Myers.
Nobody makes money being a (redacted: kitty-cat). The whole idea is to catch big winners. It's the whole point of the markets. They trend.
The idea is that when the market has a big move in a direction you sometimes catch it, and when it has a big move against you you NEVER catch it.
Why would markets even exist? Why would anyone ever need to hedge? It's so stupid I can't believe it.
Hedgers = avoid market exposure, avoid all moves. Speculators = take the risk from hedgers, want market exposure. Noobs = Only want market exposure when they lose?????
Imagine this, get in the mind of losing traders:
You sell, the price goes down, and down, and then there is a pullback with a perfect double top or whatever you like and would normally sell every day of the week.
But BECAUSE YOU ARE WINNING YOU DON'T? Lol?
And then to "go faster" they go take huge positions that destroy them, and get into day gambling and so on.
These lose-loving bagholders are the reason why Bitcoin only bottomed AFTER they capitulated in March 2020 when (and weeks after) the price collapsed 60% in a few hours.
Gamblers addicting to losing were constantly selling the instant Bitcoin went up and buying heavy bags as it went down which leads to more selling pressure (after a buyer buys, he becomes a potential seller).
Once all the - most of them - quick quick gambling bagholders got wiped out, there was no more run-away-from-winner losers preventing Bitcoin from going up.
I have been buying US indices since October and I have no intention to stop. If I have urges to "play" like day gamblers do, I'd much rather buy a bit more of S&P.
Does not have to be much. 10 bucks turbos with a 2-10% KO (so 100-500 bucks worth of S&P) every day is objectively smarter than day gambling every day on it with a few hundred bucks.
If it keeps going you can turn a small account into a small fortune. At some point just have to be careful the risk is limited and the exposure does not become insane. Can always sell and then buy back. Say you had a call, close it and buy a new larger one. Just to make sure if it goes 1987 or 6 may 2010 all these gains are not lost but this is not the same as just exiting and that's it, you're still under exposure to that winner, just making sure risk is limited, and profit is not.
As it keeps going these profits can snowball into something so monstruous not even kidding. Start with an initial 50 bucks risk end up with a 150,000 euros win dead serious.
Meanwhile some ****** idiot made 30 bucks as soon as it went up. And felt good about it. Good job man!
On Bitcoin the noobiest of them all, you can see bagholders breakeven at areas where they previously bought.
No one gets greedy and just wants to keep piling in into winners and bulldoze their way up?
