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GameStop Jumps Again - Up 118%GameStop shares recently surged by 118% in two days, coinciding with the return of Keith Gill, known as "Roaring Kitty," who ignited interest with a cryptic social media post. This event underscores the ongoing challenge that meme stocks like GameStop pose to traditional financial analysis. Historically, GameStop experienced a massive spike in January 2021, with shares increasing over 2600% due to coordinated buying by retail investors on platforms like Robinhood and social media forums. Although the stock quickly lost nearly 90% of its value from its peak, showcasing the high risks of such volatile investments, it has shown signs of recovery. After a period of stagnation, GameStop's stock rose sharply by 75% on Monday and saw early gains of 113% on Tuesday before settling to a 60% increase by the day’s end due to selling pressure. With the stock's history of dramatic fluctuations, there is potential for surpassing its all-time high of $120, but significant volatility remains, with the $50 mark being a critical resistance level to watch. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:GME
by Sublime_Trading
EURUSD LONG *** Accidentally posted this analysis under USDJPY The actual Pair is EURUSD Looking for a retracement on EurUsdto align with the previous market support to form the spring and next bull run. This is a longer-term trade with a deep stop loss of 111 points make sure you know how to calculate risk / Reward 111 pips at .05 is around $55.55 risk for $166.00 reward. Stick with 1% or whatever you're comfortable with. We're already up big this month at around 17% so be smart with risk as it doesn't take a lot of risks to catch something huge and change your whole perspective on trading and money in general. That's why they call me Mr.new money (They done yet but they will lol) 1-2-1 up 17%
Long
by jonathancarlucci
1
CRYPTO TOTAL MC TARGETS!- As we can see every time there has been a BITCOIN HALVING event it has triggered a BULLRUN! - The peak of the next bullrun will be around 12-18 months after the BTC HALVING EVENT! - The time to buy is NOW! - SMART MONEY (big banks, institutions and wall street traders) They are currently buying right now! - COMMON SENSE buy low sell high! - Where are DUMB MONEY (90% of the public / retail investors) they will not buy now, they will buy at the TOP of the cycle! - WHY? simply because they do not understand how this market works, humans are very emotional, if we eat our favourite food we feel happy, excited and are satisfied if we get a parking ticket we become sad, angry or upset! - This is the same shit that happens in these markets, another point to make is 90% of the public are BRAINWASHED, they simply follow the heard like sheep, they listen to the media not knowing that the TV was designed to: TELL A VISION, the media manipulates the average investor to believe that buying crypto now is risky, but when the markets peak, they start to throw positive news on the markets which excites new investors and they buy the top of the market without doing any research or understanding how the market works! - Then when they lose money they always call CRYPTO A SCAM LOL its comical! - NOT FINANCIAL ADVICE, PLEASE DO YOUR OWN RESEARCH, ONLY INVEST WHAT YOU ARE WILLING TO LOSE!
CRYPTOCAP:TOTALLong
by ALTCOIN_BEAST
Dump Money May Come Sooner As You Think 🤑Hi everyone, 📍 I have seen a very clear fractal in Bitcoin's chart in 2017 and the current price. 📍 I consider this bull trap and dumb-money. However, if it could manage to break the previous Highs I do not consider it dumb-money anymore. ⚠️ There are also a lot against comparing 2017 and 2021 due to the crypto-currency's infrastructure, regulatory, acceptance,etc. You should consider this just as a scenario. Wsh everyone a profitable life. Please share me your opinion and ask me whenever you got any problem and or question
CRYPTOCAP:TOTAL
by C_EWAVE13
2
Correction inbound?In 2008 over leverage of 440 billion, to todays (2021) 900 billion. 2008 inflation rate 2021 May 4.2 April 4.2 June 5.0 May 5.0 July 5.6 June 5.4 August 5.4 July 5.4 Sure just numbers right? Lets look at the months prior to the big change 2008 2021 January 4.3 January 1.4 Feb 4.0 Feb 1.7 March 4.0 March 2.6 April 3.9 April 4.2 The percentages in 2008 were slow yet very high. In 2021 we went from one extreme to another. Banks selling assets, at an unfathomable amount and rate ** reverse repurchases exceeding 1 trillion a day for the second time this year and will probably do so again today SEC, DTCC, and SSTC passing rules and regulations at an unprecedented rate Massive amounts of covid-19 relief money infused by new investors Crooked brokerages working with one of the largest market makers who now know your every move. Naked shorts, and meme stocks. Failure to delivers US 10yr rate approaching 1.0 return 2 WEEK RANGE 0.608 - 1.778 PRICE 99 1/32 Please add if I am missing any other signs that point to a 20 to 30% market CORRECTION ( Not a bear Market). All of these things and if you look at the SPY Chart, even when nobody was working and freeways were dead and police officers were stopping no one from speeding, the SPY chart looks like a ramp Evil K'nevil wouldn't jump from. Let's also remember we have 10.8 million US households that are going to be affected by the rent moratorium expiring on 08-31-21 with a congress that is adjourned for the next 7 weeks ( I want seven weeks off) . That's 1 out of every 6 renters ready to be evicted from their dwellings. Also we have debt ceiling about to be breached.
UShort
by ssyxworld
Bitcoin's bull-trap or smart money?Hi everyone, Wish y'all have a profitable life. • yesterday we saw a very emotional pump in Bitcoin's price but what isimpotant is the question. " Is it smart money or a possible bull trap "? • we should have a plan for both scenario If the price pull-backed to my zone we can confirm the price pump with the given Stop Loss But if the price could not hold the 33k zone we may see the lower prices. What are your opinions? Please let me know in the comments!!! THIS IS NOT A FINANCIAL ADVICE!!!
Long
by C_EWAVE13
An overlooked rule: Wait for the gamblers to have their funMarkets in general sort of always manage to find the nobs breaking point. After big rallies, some may say bubbles, what is known as "dumb money" is attracted, and you might hear that "oh they don't mean dumb in that sense" if you believe this bs you know you are one of them. Where does this experession come from then? They used the word dumb but without meaning it? "They meant you didn't take the time to think" ye that's right, dumb money didn't take the time to think before buying, or before doing anything, which is also known as "being dumb period". Serious investors know these creatures, these "emotionals", are morons. They don't want to get all unpopular so they don't just say the truth directly. The market is not a separate entity, it moves because its participants move it. Those nobs that get all excited, the gamblers and the breakeven idiots, they prevent the price from going up for 2 reasons: - Gamblers buy & sell randomly, 1 because they are gamblers, 2 because they are stupid enough to be gamblers therefore are unable to make any correct prediction, if they try they'll be the kind to get excited twice a day and change their mind based on the latest fractal or magical secret indicator they saw (often accompanied by "I am a legend"). - Breakeven idiots love to breakeven. They buy randomly the latest hyped thing, might be a ponzi, might not, they are full random, if they only bought scams there would be some value to them obviously, but nope, full random. They are bad, they look to get rich quick, and hold bags. They hold to zero on the way down, and to nothing at all on the way up. After bagholding they get desperate to breakeven (see the GME clowns that bought at $350 and above), same with dotcoms. How many idiots were relieved they could finally sell their Amazon shares at $30? Congrats man you got me you get last word well done you were right to hold your bag. You got your $30 a share back. Now Amazon is $3000. So it's obvious what I'm getting at. Once these clowns get wiped out by a scary red candle after bagholding for years (Bitcoin first half of 2020) there basically is no more resistance, the few bagholders left will breakeven at key levels but it won't stop the uptrend, the majority of the breakeven bagholder herd got ripped to pieces by crocs when they crossed the river. Nasdaq, Bitcoin, etc. The more gamblers and breakeven bagholders get attracted to something, the more vertically it goes up after they get wiped out. And until they get wiped out the market never bottoms. They will never win. They are the ultimate illustration of what being BAD at something is. Fun fact you will always hear from the 1% of this herd that got lucky, the ones with survivor bias "ye sure this river is safe to cross for wildebeests just look at me". Wildebeests are the dumbest creatures I have ever seen, after weekend "investors" of course. The behavior, not sarcasm I am serious, the behavior is the same. Do you want to be on the side of wildebeests or the side of crocodiles? The survivor bias ones celebrate their "gains" showing their extreme ignorance, they act like the herd made money, but data says otherwise. We used to have robintrack for example, also the UK regulator which banned BTC in the UK but even in Europe because too many people were losing too much money. We could see visually the data directly. GME, Tesla... (GME from Citadel among others). With Tesla when they buy "the dip" and the price bounces they ALL end up selling on the way up, "breakeven", oh gosh myfxbook is mindblowing for this it's absolutely insane, the 95% on the wrong side of a trend, the average winner size and loser, the awful entries and exits etc. And while TSLA goes up no retailer buys UNTIL THE TOP, and you know exactly what happens: THIS TIME THEY HOLD. Get rid of winners, hold losers. Brilliant. They have this ability to buy at the very top, absolute genius. Hear some news then "sidelines" like they aren't late enough, then crack "OK NOW IS THE RIGHT TIME TO BUY"! The vast majority of crypto bagholders and "dip" buyers that were desperate to catch the bottom ended up missing out. Isn't that amazing? > Do not trade corrections in general > When the gambling bagholding herd joins, get ready to exit and then stay away > Let the gamblers have their fun, and get back into a market after they leave It has always worked this way and it will keep working this way. Gamblers will ALWAYS lose. Bottoms will ALWAYS happen once they get wiped out and never before that, no matter how hard they try to "HODL". If it's not clear enough, if a Tesla or GME or BTC baggy is reading, it's not just about value investors: TREND FOLLOWERS FOLLOW TRENDS. TREND FOLLOWERS CREATE TRENDS. THE PRICEY NO GOY UP IF NO TREND HAPPEN BECAUSE BREAKEVEN TRADERS ARE SELLING. TREND START AFTER BREAKEVENERS AND RANDOM GAMBLERS GET OUT AND SELLING PRESSURE GO GO HOME. THEN PRICE GO GO UP NATURALLY THEN TREND FOLLOWERS FOLLOW TREND AND PRICEY GO GO UP MORE. IF NO TREND THEN TREND FOLLOWERS NO SEE TREND AND NO BUY AND NO PUSH PRICEY UP. I'll make another idea where I get into this, more clean, and without using the word idiot every sentence :D Funny how bagholders try so hard to get everyone else to hold when this is precisely what is holding them back, ignorance and stupidity are cruel jokes.
NASDAQ:TSLAEducation
by MrRenev
14
How much money do trading signals & education businesses make?Hahaha booooy! Back in my October 1rst idea "A quick look at funded trader prop firms" I wrote about prop firms, and through an extremely rare gift I have called just looking at the evidence rationally without any hype or emotions, I figured out "what's the difference with leverage other than giving away some of your profits?". Little did I know at the time, the prop firm for "professional day traders" that I used as 1 of the examples, Earn2Trade, is run by a man that recently was charged with fraud. Earn2Trade is one of the "best" funded trader program, and gets the best reviews, which is why I choose it as an example. Other ones are even worse... Ryan Masten (the owner) has finally figured out how to get money from idiots with little risk and legally (barely and he might get charged on this too) so his fraud indictments are not related to earn2trade. The CFTC charged Ryan (he owned 30% I think) & canadian brothers living in Israel for scamming idiots (probably get rich quick day traders) by getting them into options, the amount the CFTC is suing them for is $165 million in damage to US citizens from at least May 1, 2013 through April 29, 2018. 165 million in 5 years that's 33 million in the USA alone. They're making more than Jamie Dimon. Apparently they didn't even execute any trades and rigged their platform. My boy Ryan & his wife also created an "auto trade" and "auto signal" they gave to get rich quick dum dums in 2012. Of course there is some "signal" and "auto" involved. Get rich quick is not enough anymore. It's get rich quick without any effort and without any risk now. www.cftc.gov I already presented the Online Trading Academy scam in the idea front chart, something funny about it is 1 owner immediately admitted "Yep, it's a fraud. 100% scam. You got me." and the other guy defended his business and said he was very proud of it 😂 And he vows to fight to keep it running. Haha I can't breathe🤣 You'll want to hear about this: the trading academy lawyer is Alan Dershowitz, and he vehemently defended the business and also said the FTC was the one that misled consumers. This guy also has been launching lawsuits at the students that got scammed for "defamation". What's really interesting and funny about Mr Der Oshwitz is not his name, but that guy was a good friend of Epstein and defended him, oh and he also ALLEGEDLY (please no lawsuit) was recently chased off a nude beach for flirting with teenage girls. Also ALLEGEDLY he sued an "old Russian lady" according to him for telling people he got a massage from her, the "old russian lady" was 15 years old, hey honestly that's probably a bit old for this wonderful guy. It always seem the scammers attract other creepy scammers. Every single time. The Online Trading Academy targetted suckers at or close to retirement. If we looked at the stats I would expect 50% of suckers in those schemes to be 15 to 30 years old and 40% to be over 60. Ah yes and of course the academy can make money in any market condition, price goes up down or sideways. I never made money in a sideways money I need some non randomness, some supply/demand imbalance. You know who else could not make money in a sideways market? Jesse Livermore. Plenty of famous investors known for making money going with the trend and also going against it (the big countertrend wins is what gets the most fame), but never heard of any great sideways trader. Only people selling courses know how to profit with their awesome indicators and auto signals and technical analysis. Funny how George Soros, Ray Dalio, Warren Buffett, and so on, never got sued for fraud and all of these great sideways traders spend half their lives in courts. www.ftc.gov There are plenty of courses business out there we really only hear about how much they make after they get charged with fraud. Some courses with 3000 bucks video course and 7k+ 1 on 1 mentorship. Day trading is common. You got all age groups: > the gullible 18-30 fresh out of school that got brainwashed thinking school is useful and has not a fully developped pre-frontal cortex yet. They are the most common victims. > The midlife crisis balding sad man > The retiree they are the second most common suckers, the older the easier a target, and they worked for decades so they often have big lifesavings to lose There is no age to be a scammer. Pimple covered 17 years old teaching others how to build a business (they got into business building at 3 years old? the skill floor to trading is higher than to play football or an fps or chess you know...), the charming clean professional looking adult 25 to 45, and the grey "I know my stuff I've been doing this 30 years" career criminal. All the scamming stories are not that big, and I guess the regulators try to focus on the big ones they get alot of reports from. Some signal robot or fake expert on some site or discord scamming a few dozen people for a couple hundred thousands is not even worth the effort. There is no shortage in the supply of fertile cretins that think they are smart, ripe to be harvested, as the Bitcoin ponzi scheme has proven lately. As with everything there are a few big scammers and lots and lots of small one making a fat living off day traders & Bitcoin investors and other fools. I do not think it is time to drop everything and turn to a career of selling courses. They are not all making hundreds of millions... But still... Maybe earn more than the highest paid bank CEOs. It is possible to find frauds, analyse the business logically, sort of how I did for "day trading prop firms", it's amazing how many people are in denial when "pessimists" make clean mathematical 100% proof like the guy that exposed Madoff scheme long before it collapsed. I should get into stocks short selling, find scams and start screaming ponzi and that's it is going to zero. Ah a last word, the biggest charming personality snake oil saleman in the USA that adds nothing to society made a whooping 2.2 billion in compensation last year! Up 54575310%. And this is not taking into account gains he made from his owned shares of Tesla. Haha I can already hear the Tesla bagholders raging "How dare you criticize my beloved manipulative sociopath guru? He is saving the world!". I love when he starts to pretend to care about someone life it's so obvious he is trying to charm people and it's all calculated, how don't people see it? 😂
TVC:GOLDEducation
by MrRenev
Valuable lessons about crowds from 2 very good books2020 is a year filled with crowds. Bored by having to stay at home and not having a job, did they suddenly decide to form angry mobs? There are 2 main crowds identifiable in the USA which today (but not for much longer I believe) are the center of the world: - The street crowd, angry protestors that do not always know why they protest, but generally hate the president of their country, hate police, and want to protect blacks. They have been destroying statues like many mobs before them, and display the same irrational & violent behavior of typical mobs. Them wearing masks I think is very symbolic: it reminds me of the faceless character of crowds and the lack of uniqueness, own thought, and self-awareness of its members (we call them NPCS today). - The investing crowd, visible on TikTok and in the explosion of new accounts with stock brokers, TD Ameritrade daily average client trades went up 4-fold since they introduced zero commissions at the end of 2019 following the competition offered by Robinhood that attracted all the small novice clients. All the big brokers in the USA saw record numbers of new investors open share trading accounts. This is similar to what we saw in the late 90s, 1999 to be more precise, in the months leading up to to Dot Com bubble collapsing. 2020 is also the year of the general apathetic responsibility diluting crowd: Every one is willing to submit to the growing dictatorial rule of politicians, half of the crowd believes the word of so called experts as well as politicians and media, and the other half of the crowd plays along with absurd rules that maybe do not have terrible consequences worth revolting against yet. Because of a virus that killed a fraction of a percent of the population: old & sick people that had a feet in the grave. Like the most severe flu or heatwave seasons of the past, we can expect the following years to have less deaths than usual: perhaps the crowd will see this as a success of their absurd anti-science laws and it will empower corrupt and stupid politicians... The herd has been terrified to an extreme point by this virus. While some countries (Sweden) enjoy their freedom and are not seeing apocalyptic consequences, the herd decided to ignore this and live in great fear convinced that the end is coming. And even better! Science has shown that large gatherings were "super spreader" events, and yet, the same people terrified of this virus have gone out - wearing masks of questionnable efficacity - have gone to the street in very large numbers. And "experts" have claimed that the virus did not spread in crowds of people that were against racism but would spread in groups of religious people and beach-goers (smart virus). Can a reasonnable intelligent human being with a functionning brain believe such absurdity? The crowd being what it is I put my article in danger by simply mentionning facts about this current great fear. It takes exceptional individuals to not only think differently, but to face the crowd and say "NO" and try to end the injustice. A great example in the Dreyfus case. Between 1894 and 1906 at a time where anti-semitism was at sky high levels (also in the gentle kind good guys allies countries), a jewish officer called Dreyfus was accused of betrayal by french authorities and sent to a far away prison for life. Even after proof of his innocence was discovered, top officiers suppressed evidence and the real traitor was acquitted after 2 days. The army even forged documents to lay MORE blame on Dreyfus. Everyone turned a blind eye, continuing their routine lives. But Émile Zola, a novelist and a journalist, created a "crazy conspiracy theory" about this case, using logic to show a lack of evidence and serious errors. His conspiracy theory gained followers, and soon Émile Zola put himself in danger. French corrupt disgusting dishonorable and stupid military politicians convicted him of libel, he fled to england for his own safety. The public becomes aware of another crazy conspiracy theory: the collusion between military generals & politicians. Under severe pressure coming from the public opinion (silent majority) the affair ends up being resolved after more than 10 years and after Zola death (he mysteriously died in Paris in 1902 of a badly ventilated chimney). Not every one goes "The emperor is naked". I like to think I would, but it is not by great courage or a noble will of creating justice. I personally find it irresistible to make sarcasm and belittle people that believe in absurdities. I love letting people know they are stupid. I love saying "told you so". The following quotes come from the 2 books mentionned below: Extraordinary Popular Delusions and the Madness of Crowds - 1841 The Crowd: A Study of the Popular Mind - 1895 Let us not, in the pride of our superior knowledge, turn with contempt from the follies of our predecessors. The study of the errors into which great minds have fallen in the pursuit of truth can never be uninstructive. Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one. In crowds it is stupidity and not good sense that is accumulated. Every one has heard of the “Lancashire witches,” a phrase now used to compliment the ladies of that county for their bewitching beauty; but it is not every one who has heard the story in which it originated. A villanous boy, named Robinson, was the chief actor in the tragedy. He confessed many years afterwards that he had been suborned by his father and other persons to give false evidence against the unhappy witches whom he brought to the stake. (Note: Who would have thought?) History tells us, that from the moment when the moral forces on which a civilisation rested have lost their strength, its final dissolution is brought about by those unconscious and brutal crowds known, justifiably enough, as barbarians. Civilisations as yet have only been created and directed by a small intellectual aristocracy, never by crowds. Crowds are only powerful for destruction. Their rule is always tantamount to a barbarian phase. A civilisation involves fixed rules, discipline, a passing from the instinctive to the rational state, forethought for the future, an elevated degree of culture - all of them conditions that crowds, left to themselves, have invariably shown themselves incapable of realising. In consequence of the purely destructive nature of their power crowds act like those microbes which hasten the dissolution of enfeebled or dead bodies. When the structure of a civilisation is rotten, it is always the masses that bring about its downfall. It is at such a juncture that their chief mission is plainly visible, and that for a while the philosophy of number seems the only philosophy of history. (Note: a small intellectual aristocracy, think of the founding fathers, and then the entrepreneurs of the country, the innovators and sometimes the governments the law & order etc) Many persons grow insensibly attached to that which gives them a great deal of trouble, as a mother often loves her sick and ever-ailing child better than her more healthy offspring. (Note: White on Black crime only...) Crowds exhibit a docile respect for force, and are but slightly impressed by kindness, which for them is scarcely other than a form of weakness. Their sympathies have never been bestowed on easy-going masters, but on tyrants who vigorously oppressed them. It is to these latter that they always erect the loftiest statues. It is true that they willingly trample on the despot whom they have stripped of his power, but it is because, having lost his strength, he has resumed his place among the feeble, who are to be despised because they are not to be feared. The type of hero dear to crowds will always have the semblance of a Caesar. His insignia attracts them, his authority overawes them, and his sword instils them with fear. (Note: This book - The_Crowd: A Study of the Popular Mind - and these quotes are very popular in MENA countries that went though the arab spring) Many other practical applications might be made of the psychology of crowds. A knowledge of this science throws the most vivid light on a great number of historical and economic phenomena totally incomprehensible without it. During seasons of great pestilence men have often believed the prophecies of crazed fanatics, that the end of the world was come. Credulity is always greatest in times of calamity. Prophecies of all sorts are rife on such occasions, and are readily believed, whether for good or evil. During the great plague, which ravaged all Europe, between the years 1345 and 1350, it was generally considered that the end of the world was at hand. Pretended prophets were to be found in all the principal cities of Germany, France, and Italy, predicting that within ten years the trump of the Archangel would sound, and the Saviour appear in the clouds to call the earth to judgment. (Note: What does the author think when this happens with a disease that kills 0.001% of the population?) Hardly was that monarch (Note: Louis XIV) laid in his grave ere the popular hatred, suppressed so long, burst forth against his memory. He who, during his life, had been flattered with an excess of adulation, to which history scarcely offers a parallel, was now cursed as a tyrant, a bigot, and a plunderer. His statues were pelted and disfigured; his effigies torn down, amid the execrations of the populace, and his name rendered synonymous with selfishness and oppression. The glory of his arms was forgotten, and nothing was remembered but his reverses, his extravagance, and his cruelty. (Note: This is what got France started into the art of coin devaluation then fiat paper magic beans and then the mississippi bubble and later revolutions) The finances of the country were in a state of the utmost disorder. A profuse and corrupt monarch, whose profuseness and corruption were imitated by almost every functionary, from the highest to the lowest grade, had brought France to the verge of ruin. The national debt amounted to 3000 millions of livres, the revenue to 145 millions, and the expenses of government to 142 millions per annum; leaving only three millions to pay the interest upon 3000 millions. The first care of the regent was to discover a remedy for an evil of such magnitude, and a council was early summoned to take the matter into consideration. Crowds are as incapable of willing as of thinking for any length of time. (Note: Very valid for both US street crowds and TikTok investors, thinking is not their thing) The idea that institutions can remedy the defects of societies, that national progress is the consequence of the improvement of institutions and governments, and that social changes can be effected by decrees - this idea, I say, is still generally accepted. It was the starting-point of the French Revolution, and the social theories of the present day are based upon it. Dictatorialness and intolerance are common to all categories of crowds, but they are met with in a varying degree of intensity. It is fortunate for the progress of civilisation that the power of crowds only began to exist when the great discoveries of science and industry had already been effected. (Note: He explains that crowds are extremely conservative and actually instinctively hostile to changes and progress yes they are) Science has promised us truth. … It has never promised us either peace or happiness. One of the most constant characteristics of beliefs is their intolerance. It is even more uncompromising as the belief is stronger. Men dominated by a certitude cannot tolerate those who do not accept it. The art of those who govern…, consists above all in the science of employing words. The beginning of a revolution is in reality the end of a belief. The great upheavals which precede changes of civilisation, such as the fall of the Roman Empire and the founding of the Arabian Empire, for example, seem to have been determined mainly by considerable political transformations, invasions, or the overthrow of dynasties. But … most often, the real cause is … a profound modification in the ideas of the peoples. … The memorable events of history are the visible effects of the invisible changes of human thought. … The present epoch is one of these critical moments in which the thought of mankind is undergoing a process of transformation. (Note: The book is from 1895. Europeans split apart from religion back then, Germans got rid of their monarch in the 1918 and as usual it ended badly in the short term, and after the wars there was a NWO and huge progress was made until recently) Every age has its peculiar folly: Some scheme, project, or fantasy into which it plunges, spurred on by the love of gain, the necessity of excitement, or the force of imitation. There is scarcely an occurrence in nature which, happening at a certain time, is not looked upon by some persons as a prognosticator either of good or evil. The latter are in the greatest number, so much more ingenious are we in tormenting ourselves than in discovering reasons for enjoyment in the things that surround us. Money, again, has often been a cause of the delusion of the multitudes. Sober nations have all at once become desperate gamblers, and risked almost their existence upon the turn of a piece of paper. Its (Note: The crowd) acts are far more under the influence of the spinal cord than of the brain. In this respect a crowd is closely akin to quite primitive beings. A crowd may easily enact the part of an executioner, but not less easily that of a martyr. It is crowds that have furnished the torrents of blood requisite for the triumph of every belief. It is not necessary to go back to the heroic ages to see what crowds are capable of in this latter direction. They are never sparing of their life in an insurrection, and not long since a general, becoming suddenly popular, might easily have found a hundred thousand men ready to sacrifice their lives for his cause had he demanded it. Any display of premeditation by crowds is in consequence out of the question. They may be animated in succession by the most contrary sentiments, but they will always be under the influence of the exciting causes of the moment. They are like the leaves which a tempest whirls up and scatters in every direction and then allows to fall. A crowd is not merely impulsive and mobile. Like a savage, it is not prepared to admit that anything can come between its desire and the realisation of its desire. It is the less capable of understanding such an intervention, in consequence of the feeling of irresistible power given it by its numerical strength. The notion of impossibility disappears for the individual in a crowd. For instance, the difference between a Latin and an Anglo-Saxon crowd is striking. The most recent facts in French history throw a vivid light on this point. The mere publication, twenty-five years ago, of a telegram, relating an insult supposed to have been offered an ambassador, was sufficient to determine an explosion of fury, whence followed immediately a terrible war. (Note: In 1895 it was Telegrams, in 2020 it was Tweets. The more we go forward the more nothing changes) Some years later the telegraphic announcement of an insignificant reverse at Langson provoked a fresh explosion which brought about the instantaneous overthrow of the government. At the same moment a much more serious reverse undergone by the English expedition to Khartoum produced only a slight emotion in England, and no ministry was overturned. Crowds are everywhere distinguished by feminine characteristics, but Latin crowds are the most feminine of all. Whoever trusts in them may rapidly attain a lofty destiny, but to do so is to be perpetually skirting the brink of a Tarpeian rock, with the certainty of one day being precipitated from it. (Note: That book is full of racist & sexist references, I'm trying to filter the offensive stuff) The creation of the legends which so easily obtain circulation in crowds is not solely the consequence of their extreme credulity. It is also the result of the prodigious perversions that events undergo in the imagination of a throng. The simplest event that comes under the observation of a crowd is soon totally transformed. A crowd thinks in images, and the image itself immediately calls up a series of other images, having no logical connection with the first. The king can drink the best of wine -So can I;And has enough when he would dine -So have I;And can not order rain or shine -Nor can I.Then where's the difference - let me see -Betwixt my lord the king and me? (Note: From Charles Mackay directly, not found in his famous book) We find that whole communities suddenly fix their minds upon one object, and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first... It will be remarked that these recognitions (Note: delusional, seing things that are no here) are most often made by women and children - that is to say, by precisely the most impressionable persons. (Note: I strongly disagree with generalization and sexism, this quote is just here to show you how unwise the old generations were, a perfect example of a mass delusion, sexism is never ok) To return to the faculty of observation possessed by crowds, our conclusion is that their collective observations are as erroneous as possible , and that most often they merely represent the illusion of an individual who, by a process of contagion, has suggestioned his fellows. Facts proving that the most utter mistrust of the evidence of crowds is advisable might be multiplied to any extent. Thousands of men were present twenty-five years ago at the celebrated cavalry charge during the battle of Sedan, and yet it is impossible, in the face of the most contradictory ocular testimony, to decide by whom it was commanded. The English general, Lord Wolseley, has proved in a recent book that up to now the gravest errors of fact have been committed with regard to the most important incidents of the battle of Waterloo - facts that hundreds of witnesses had nevertheless attested. (Note: All of history is a lie 🤯) It clearly results from what precedes that works of history must be considered as works of pure imagination. They are fanciful accounts of ill-observed facts, accompanied by explanations the result of reflection. To write such books is the most absolute waste of time. Had not the past left us its literary, artistic, and monumental works, we should know absolutely nothing in reality with regard to bygone times. Are we in possession of a single word of truth concerning the lives of the great men who have played preponderating parts in the history of humanity - men such as Hercules, Buddha, or Mahomet? In all probability we are not. In point of fact, moreover, their real lives are of slight importance to us. Our interest is to know what our great men were as they are presented by popular legend. It is legendary heroes, and not for a moment real heroes, who have impressed the minds of crowds. The imagination of the crowd continually transforms them as the result of the lapse of time and especially in consequence of racial causes. There is a great gulf fixed between the sanguinary Jehovah of the Old Testament and the God of Love of Sainte Therese, and the Buddha worshipped in China has no traits in common with that venerated in India. (Note: From the chapter the leaders of crowds) These ringleaders and agitators may be divided into two clearly defined classes. The one includes the men who are energetic and possess, but only intermittently, much strength of will, the other the men, far rarer than the preceding, whose strength of will is enduring. The first mentioned are violent, brave, and audacious. They are more especially useful to direct a violent enterprise suddenly decided on, to carry the masses with them in spite of danger, and to transform into heroes the men who but yesterday were recruits. THE MEANS OF ACTION OF THE LEADERS: AFFIRMATION, REPETITION, CONTAGION (Note: Hey isn't that what George Soros does?) From the fundamental belief transient accessory ideas may arise, but they always bear the impress of the belief from which they have sprung. The Egyptian civilisation, the European civilisation of the Middle Ages, the Mussulman civilisation of the Arabs are all the outcome of a small number of religious beliefs which have left their mark on the least important elements of these civilisations and allow of their immediate recognition. The philosophic absurdity that often marks general beliefs has never been an obstacle to their triumph. Indeed the triumph of such beliefs would seem impossible unless on the condition that they offer some mysterious absurdity. In consequence, the evident weakness of the socialist beliefs of to-day will not prevent them triumphing among the masses. Their real inferiority to all religious beliefs is solely the result of this consideration, that the ideal of happiness offered by the latter being realisable only in a future life, it was beyond the power of anybody to contest it. The socialist ideal of happiness being intended to be realised on earth, the vanity of its promises will at once appear as soon as the first efforts towards their realisation are made, and simultaneously the new belief will entirely lose its prestige. The primary danger of this system of education - very properly qualified as Latin - consists in the fact that it is based on the fundamental psychological error that the intelligence is developed by the learning by heart of text-books. Adopting this view, the endeavour has been made to enforce a knowledge of as many hand-books as possible. From the primary school till he leaves the university a young man does nothing but acquire books by heart without his judgment or personal initiative being ever called into play. Education consists for him in reciting by heart and obeying. (Note: Clueless idiotic professors of economics say hi) "Learning lessons, knowing by heart a grammar or a compendium, repeating well and imitating well - that," writes a former Minister of Public Instruction, M. Jules Simon, "is a ludicrous form of education whose every effort is an act of faith tacitly admitting the infallibility of the master, and whose only results are a belittling of ourselves and a rendering of us impotent." (Note: Dayum our politicians used to be wise, what happened since then and now???????) Many houses have been condemned as haunted, and avoided by the weak and credulous, from circumstances the most trifling in themselves, and which only wanted a vigorous mind to clear up, at once, and dissipate all alarm. A house in Aix-la-Chapelle, a large desolate-looking building, remained uninhabited for five years, on account of the mysterious knockings that there were heard within it at all hours of the day and night. Nobody could account for the noises; and the fear became at last so excessive, that the persons who inhabited the houses on either side relinquished their tenancy, and went to reside in other quarters of the town, where there was less chance of interruption from evil spirits. No little consternation was created in London in 1736 by the prophecy of the famous Whiston, that the world would be destroyed in that year, on the 13th of October. Crowds of people went out on the appointed day to Islington, Hampstead, and the fields intervening, to see the destruction of London, which was to be the “beginning of the end.” A satirical account of this folly is given in Swift’s Miscellanies, vol. iii., entitled A true and faithful Narrative of what passed in London on a Rumour of the Day of Judgment. A panic terror of the end of the world seized the good people of Leeds and its neighbourhood in the year 1806. It arose from the following circumstances. A hen, in a village close by, laid eggs, on which were inscribed the words, “Christ is coming.” Great numbers visited the spot, and examined these wondrous eggs, convinced that the day of judgment was near at hand. Like sailors in a storm, expecting every instant to go to the bottom, the believers suddenly became religious, prayed violently, and flattered themselves that they repented them of their evil courses. But a plain tale soon put them down, and quenched their religion entirely. Some gentlemen, hearing of the matter, went one fine morning, and caught the poor hen in the act of laying one of her miraculous eggs. They soon ascertained beyond doubt that the egg had been inscribed with some corrosive ink, and cruelly forced up again into the bird’s body. At this explanation, those who had prayed, now laughed, and the world wagged as merrily as of yore. At the time of the plague in Milan, in 1630, of which so affecting a description has been left us by Ripamonte, in his interesting work, De Peste Mediolani, the people, in their distress, listened with avidity to the predictions of astrologers and other impostors. It is singular enough that the plague was foretold a year before it broke out. A large comet appearing in 1628, the opinions of astrologers were divided with regard to it. Some insisted that it was a forerunner of a bloody war; others maintained that it predicted a great famine; but the greater number, founding their judgment upon its pale colour, thought it portended a pestilence. The fulfilment of their prediction brought them into great repute while the plague was raging. (Note: Ah, authoritative "experts" 🤡) But the minds of the people were so impressed with the idea, that scores of witnesses, half crazed by disease, came forward to swear that they also had seen the diabolical stranger, and had heard his chariot, drawn by the milk-white steeds, rumbling over the streets at midnight with a sound louder than thunder. The number of persons who confessed that they were employed by the Devil to distribute poison is almost incredible. An epidemic frenzy was abroad, which seemed to be as contagious as the plague. Imagination was as disordered as the body, and day after day persons came voluntarily forward to accuse themselves. They generally had the marks of disease upon them, and some died in the act of confession. During the great plague of London, in 1665, the people listened with similar avidity to the predictions of quacks and fanatics. Defoe says, that at that time the people were more addicted to prophecies and astronomical conjurations, dreams, and old wives’ tales than ever they were before or since. Almanacs, and their predictions, frightened them terribly. Even the year before the plague broke out, they were greatly alarmed by the comet which then appeared, and anticipated that famine, pestilence, or fire would follow. Enthusiasts , while yet the disease had made but little progress, ran about the streets, predicting that in a few days London would be destroyed. (Note: Enthusiasts 😂. I'd probably be one of them. Funnier to be an end of the world perma bear screaming the end is coming than arguing with idiots and going into despair about the world being so stupid and messed up and hopeless) The prophecies of Nostradamus consist of upwards of a thousand stanzas, each of four lines, and are to the full as obscure as the oracles of old. They take so great a latitude, both as to time and space, that they are almost sure to be fulfilled somewhere or other in the course of a few centuries. A little ingenuity, like that evinced by Lilly in his explanation about General Monk and the dreadful dead man, might easily make events to fit some of them. He is to this day extremely popular in France and the Walloon country of Belgium, where old farmer-wives consult him with great confidence and assiduity. (Note: Aha! I am the master of charts, the legend, I said Bitcoin would one day go up and it did - nevermind it dropped 70% before that and never got all the way to my target) A much more remarkable story is told of an astrologer who lived in Romagna in the fifteenth century, and whose name was Antiochus Tibertus. At that time nearly all the petty sovereigns of Italy retained such men in their service; and Tibertus, having studied the mathematics with great success at Paris, and delivered many predictions, some of which, for guesses, were not deficient in shrewdness, was taken into the household of Pandolfo di Malatesta, the sovereign of Rimini. His reputation was so great, that his study was continually thronged either with visitors who were persons of distinction, or with clients who came to him for advice; and in a short time he acquired a considerable fortune. Notwithstanding all these advantages, he passed his life miserably, and ended it on the scaffold. That is enough I think. Might as well read the whole books.
TVC:DJIEducation
by MrRenev
Scalping opportunities so good they're scary!Hi history teacher making 20k a year and day trading with £1 million positions. Very Very Very Very Very strong support. The price keeps bouncing. Why? I have no clue, and this is the beauty of Technical Analysis ™. Everything is reflected in the price. We do not need to spend countless hours doing research. Technical analysis & the price reflects everything and allows us to predict future price movements. With .8 point spreads I am able to scalp this for 1 point over and over. As you can see on the 1 hour chart the price keeps bouncing but what is interesting is on the 5 minutes it also bounces several time within a candle. They told me I'd be stuck teaching to teens for the rest of my life. Little did they know I have something special about me. I am a legend, a master of charts, the new captain of the boat. 1 point may not seem much but keep in mind we are able to do it over and over and over, and add leverage now it gets interesting! With 100 leverage you can be making 1% every couple of minutes! This is free money! It's so good it is scary. All thanks to random technical analysis that helps me buy when the price is oversold on the 5 minute chart in the lower area (He means the floor where the SNB is buying and for the price to reach that area from above the random indicators he uses OBVIOUSLY HAVE to go down since they follow the price). I put my lifesavings in and I am making crazy gains! Don't listen to the haters saying this is stupid or you are going to get eaten alive, I just ordered a pool where are the madlads now? Hahaha enjoy your pathetic 20% a year this is half of what I am making in a day, umad? 😉 I am a clueless day trader, I don't even know what the SNB is I am just so oblivious it is scary. I have the predictive & risk management abilities of a potato. What my idiotic indicators make sure of is that when the floor is lost (because the SNB is not buying as they announce they're dropping it) I will buy the ultimate loser 100% guarentee, simple logic. I will be all in and leveraged to the neck when the floor is lost and I won't even know why until days later. "Duh my technical analysis didn't warn". Until then I will close my eyes and ignore those that say you need to use your brain that seems like alot of efforts my broker financed day trading educator told me I could be lazy and not think about several complex outcomes with plenty of variables this is too much for my brain, I'd rather use magical indicators that smart money is not using for whatever reason because they are mad I guess. With some luck I'll think this is an error and buy even more, and with lots of luck liquidity will dry up and I'll be stuck with 100 leverage. With some luck there is a George Soros around the corner waiting for the floor to be withdrawn to give it another kick down with his billions. I am about to go from euphoria to absolute despair and a physically painful heart in a few minutes and I have no clue I still have a big smile on my face and I am cockier than ever. Someone once again told me I was crazy and would regret it and I am just shaking my head, what is wrong with them? What is this? Why is every one screaming get out? Aha they want to buy cheap from me this is why.
by MrRenev
SPX - DANGER - PUTCALL RATIO AT THE LOWEST SINCE MANY YEARSHello, This is the PUT CALL ratio at 0.52, saying that for every put there are 2 calls around. It is the lowest level since many years, meaning that 1- there is a lot of optimism in the market (usually followed by a drop) 2- investors want to ride this rally until it lasts, and for this goal it is better to have options that just the underlying. Of course the TF is weekly and we are just in the first day of he week so the data can change, but it is the sameon the daily also. I used the weekly TF just to show you more data in the past. Keep your eyes open
USI:PCSPXShort
by edutradinguru
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