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Consistency in DNA #18R
I have to collect my data. I have to make sure that my statistics, metrics and details are collected day in and day out every single time of the day about my trading. Basically I have to be trading. I'm trading. Trading is my identity. My whole freedom depends on it to escape the slavery.
~AS Malone
Cryptocurrency Trading Beginner's Guide 2The key differences between Bitcoin and Ethereum lie in their purpose, operation, and technological characteristics. Below, I detail the main differences between the two largest cryptocurrencies in terms of market capitalization:
1. Purpose and Objective
Bitcoin (BTC):
Creation: Launched in 2009 by Satoshi Nakamoto.
Objective: Bitcoin was created primarily as a decentralized alternative to traditional money, serving as a store of value and medium of exchange. Its purpose is to act as "digital money" and as an option against fiat currencies controlled by governments and central banks. Its main function is to serve as an alternative to the depreciation of fiat currencies over time (dollar, euro).
Ethereum (ETH):
Creation: Launched in 2015 by Vitalik Buterin.
Objective: Ethereum was designed as a platform for smart contracts and decentralized applications (dApps), in addition to being a cryptocurrency. Although Ethereum can be used as a means of payment, its main focus is to be a flexible platform for developing applications on the blockchain. Some of its major innovations to date include DeFi and NFTs.
2. Technology and Functionality
Bitcoin:
Blockchain: Bitcoin's blockchain is primarily designed to record value transactions and maintain a decentralized and secure system for transferring BTC.
Smart Contracts: Bitcoin is not designed to execute complex smart contracts, as its scripting language is limited in functionality to preserve security and simplicity.
Ethereum:
Blockchain: Ethereum has a more flexible blockchain, designed to allow the creation and execution of smart contracts and dApps. This makes it an ecosystem where developers can build decentralized applications.
Smart Contracts: One of Ethereum's main features is its ability to support smart contracts, which are programs that automatically execute when certain conditions are met.
3. Consensus and Mining
Bitcoin:
Consensus Mechanism: Bitcoin uses a consensus mechanism known as Proof of Work (PoW), which requires miners to solve complex mathematical problems to validate transactions and secure the network.
Energy Consumption: Bitcoin mining requires a large amount of energy due to the PoW process.
Ethereum:
Consensus Mechanism: Ethereum initially also used Proof of Work (PoW) but completed the transition to Proof of Stake (PoS) in 2022 with the Ethereum 2.0 upgrade, making the transaction validation process more energy-efficient.
Energy Consumption: The Proof of Stake model significantly reduces energy consumption compared to Bitcoin.
4. Transaction Speed and Scalability
Bitcoin:
Speed: Bitcoin has an average block time of 10 minutes, meaning transactions can take longer to confirm.
Scalability: Bitcoin faces scalability issues, as it can process between 3 and 7 transactions per second (TPS), leading to the creation of layer 2 scaling solutions like the Lightning Network.
Ethereum:
Speed: Ethereum has a block time of approximately 12 to 15 seconds, allowing transactions to be confirmed faster.
Scalability: Ethereum also faces scalability issues, but the transition to Ethereum 2.0 and the adoption of layer 2 solutions like Optimism and Arbitrum aim to improve its processing capacity.
5. Coin Supply
Bitcoin:
Limited Supply: Bitcoin has a maximum supply of 21 million coins. This is part of Bitcoin's design to create scarcity and maintain its value over time.
Ethereum:
Unlimited Supply: Unlike Bitcoin, Ethereum does not have a maximum issuance limit, although the issuance model has changed with updates like EIP-1559, which introduces a mechanism to "burn" transaction fees.
6. Main Use
Bitcoin:
Primary Use: Mainly used as a store of value (similar to digital gold) and as a medium of exchange, especially for international transfers or as protection against inflation and the depreciation of the dollar.
Ethereum:
Primary Use: Ethereum is used both as a currency and as a platform for developing smart contracts, NFTs (non-fungible tokens), and dApps (decentralized applications), making it a cornerstone of the DeFi (Decentralized Finance) ecosystem.
7. Community and Development
Bitcoin:
Slow Development: Bitcoin follows a conservative approach regarding updates, prioritizing security and stability over new features or rapid changes.
Ethereum:
Active Development: Ethereum has a very active development community and is regularly updated with new functionalities, such as the transition to PoS and improvements in scalability and performance.
Summary of Differences:
Bitcoin is a cryptocurrency primarily focused on being a store of value and a secure, decentralized medium of exchange.
Ethereum is a more versatile platform designed for smart contracts and decentralized applications, with its cryptocurrency, ETH, being a key part in executing these functions.
Both are fundamental in the cryptocurrency space but have very different approaches and purposes.
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How to Use Stock Volume in CFD TradingHow to Use Stock Volume in CFD Trading
Volume is one of the fundamental aspects of all markets. If you're wondering, "What does volume mean in the stock market?," you're about to discover how this critical measure of shares traded can unlock deeper insights into market trends and investor behaviour. We delve into how to use stock volume to improve your trading, offering practical approaches for confirming market sentiment, trends, reversals, and more.
What Is Volume in the Stock Market?
The volume in the stock market definition refers to the total number of shares traded during a specific time frame. It's a vital indicator of market activity and investor interest in a particular stock.
High volume often signals strong investor interest and market movement, either upward or downward. Conversely, low volume may indicate decreased interest or uncertainty in a stock. In essence, it provides insights into sentiment, helps confirm trends, and aids in identifying potential reversals or breakouts.
As we walk through the varying insights volume offers stock traders, you may gain the best understanding by applying your knowledge to real-time charts. Head over to FXOpen’s free TickTrader platform to see how volume affects hundreds of unique stocks.
Volume and Market Sentiment
When considering volume in a stock, meaning its traded shares, its relationship with market sentiment becomes pivotal. This sentiment, essentially the collective attitude of traders towards a stock, is often inferred from volume patterns.
At its most basic, high trading activity during a stock's price increase is often seen as a confirmation of positive sentiment, showing trader confidence. Such a scenario often reflects a robust demand overpowering supply.
In contrast, if a stock declines on high volume, this may signal negative sentiment, suggesting a strong selling pressure. This situation typically indicates that investors and traders are actively offloading their shares.
Volume and Price Movement
So, how does volume affect stock prices? Volume acts as a force behind price movements, as discussed.
However, its impact isn't always straightforward. A stock might rise on low volume, which can be a sign of caution, as it may indicate a lack of conviction among traders, potentially making the price rise unsustainable. Similarly, a drop on low volume might not necessarily signify a bearish trend but rather a temporary lack of interest.
Additionally, the number of shares traded can be crucial in identifying a stock’s tops or bottoms. For instance, a sudden spike after a long period of price increase might signal a top, as it could represent a final push by exhausted buyers before a reversal. Similarly, a significant increase in market activity at a low could indicate a bottom.
Identifying Trading Signals with Volume
Learning how to trade volume involves recognising nuanced trading signals that volume fluctuations can offer. Beyond the basic interpretations of high or low volume, traders look for specific patterns or anomalies in activity data to make informed decisions.
One key signal is the volume spike. A sudden increase in trading activity, especially when it deviates notably from the norm, may indicate a significant event or sentiment change. For instance, a volume spike accompanying a breakout from a consolidation pattern might confirm the strength of a new trend, offering a buying opportunity for traders.
Conversely, an unexpected, sustained drop in interest during a steady trend might be a warning sign. This could suggest that the current trend is losing momentum and might be nearing its end, reflecting a potential exit point or even a reversal opportunity.
Another aspect to consider is the trend over time. Gradually increasing volume in a trending market reinforces the trend's validity and vice versa.
Overall, trading volume isn't just about high or low numbers. It's about understanding the context of these changes and how they align with price movements.
Volume Indicators and Tools
When exploring how to use volume in trading, several key indicators and tools stand out. These provide insights into market dynamics, aiding in decision-making:
- On Balance Volume (OBV): OBV totals volume during up periods and subtracts it during down periods. A rising OBV usually suggests bullish trends, while a falling OBV indicates bearish trends. It's used to confirm movements or spot divergences.
- Volume Price Trend (VPT): VPT combines volume and price change to assess the strength of price moves. An increasing VPT usually indicates strong buying pressure, while a decreasing VPT suggests selling pressure.
- Accumulation/Distribution Line: This indicator considers the trading range and the volume. It helps identify whether a stock is being accumulated (bought) or distributed (sold). A rising line usually suggests accumulation, while a falling line indicates distribution.
- Chaikin Money Flow (CMF): CMF combines price and volume to measure buying and selling pressure over a set period. A positive CMF usually demonstrates buying interest, while a negative CMF suggests that sellers are in charge.
Volume as an Indicator of Liquidity
Lastly, volume is a key indicator of liquidity in the stock market. High trading activity reflects that a significant number of shares are being bought and sold, which typically indicates good liquidity. This liquidity may help traders execute trades quickly and at prices close to the market rates, reducing the cost of transactions.
Conversely, low volume signals poor liquidity, where fewer shares are traded. In such scenarios, executing large orders may be challenging without significantly impacting the stock. Such a lack of liquidity can lead to larger bid-ask spreads and potentially less favourable execution prices for traders.
The Bottom Line
As we've journeyed through the intricate world of stock volume, it's clear that understanding volume is more than a skill – it's an essential aspect of savvy trading. From recognising sentiment to navigating various market conditions, volume serves as a powerful tool in your trading arsenal.
To put this knowledge into practice and experience the dynamic world of trading, consider opening an FXOpen account. Once you do, you'll have the opportunity to apply these insights in real-time, potentially enhancing your trading journey with informed decisions driven by volume analysis. Happy trading!
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Divergence...one of the only clues you need...NZDUSD EXAMPLEHello hello hello TradingView community! Hope you are all having an amazing day so far getting ready for the fantastic trading week ahead. I saved something special for you guys this week with a more educational videos on one of my favorite confluences/tools I like to use in the market for my analysis and trading and that is the concept of Divergence. This is something I personally use in my analysis and trading that has helped me tremendously find and enhance the opportunities I identify in the markets and wanted to go ahead and share with this awesome community!
So sit back, take some notes, and hope you all get some great nuggets from this video! Cheers!
EMA, The correct way of usage - Part Three - minor structureFor trend traders, analyzing the short and long-term trend direction is crucial. By usage of 20EMA & 13EMA, we can understand short-term trend direction and power. In future articles, we will look at Major Structure (long-term trend analyses).
Keynotes:
1. When 20 is below 13 it means we are in an uptrend, and a Downtrend is when 20 is above 13.
2. EMAs should have a slope. If just one of them is flat, or both are sloped toward each other, or the price crosses and closes both of them, we are in the minor range. the possibility of a third one happening could be predicted by identifying an MC in the past (please refer to the MC article ).
4. We look at the distance between these two EMAs as a zone. So we don't expect the price to close exactly on any of them, to analyze for a probable pullback (Please refer to Part One and Two ).
Watch 4H:
- #1 Is where the price crosses and closes both. we are in a minor range. Then, the continuation of shaping green candles and then the cross of EMAs, means we are in a minor uptrend.
- #2 a flat 13 shows a slight range, which then again turns into an uptrend. Although we have predicted it before by drawing MC boxes.
- #3 shows 13 is toward 20. Then we are in a minor range. This is followed by price crossing and closing both in #4. Again it has been predicted by MC box to happen.
- Candle #5 is normal. Because we are in a range and in here anything can happen. But when the price couldn't cross and close both in #6 and the continuation of the downtrend and pullbacks in #7 & #8, it shows we are in a minor downtrend now. So, we are not going to trade upward until it reverses.
Less is Better: The Importance of Quality Over Quantity.Throughout my journey as an independent trader, I've discovered an essential truth: whether I'm scalping on a five-minute chart for DJ30 or engaging in swing trading on a daily timeframe for GOLD, reducing time spent in front of the charts often translates to greater long-term profitability. My advice to aspiring traders is simple: concentrate on a single currency pair in the beginning. Develop a strategy for that pair, irrespective of the timeframe or trading style, and stick to it until you feel fully confident, proclaiming, "I've grasped the dynamics of this asset, and my strategy effectively works!" Aiming for just one or two trades a day with a modest risk percentage can secure a profitable future. In fact, almost 70% of retail forex traders incur losses due to overtrading and inadequate risk management. This brings us to a crucial question: should you pursue numerous trades to catch every passing opportunity, or dedicate your focus to fewer, high-quality trades that are meticulously planned?
In forex trading, the quality versus quantity debate carries significant weight regarding your success. While the instinct to make more trades might suggest a path to maximizing profits, the reality is often more nuanced. By distinguishing between a quantity-focused approach and a quality-driven strategy, traders can create a plan that not only boosts profitability but also alleviates emotional stress and mitigates unnecessary risks.
The Dangers of Quantity-Driven Trading
The appeal of quantity trading is frequently rooted in the misconception that "more trades equal more profits." This line of thinking can be detrimental, as overtrading—executing too many trades without a thoughtful strategy—is one of the most hazardous patterns in the forex landscape. Let's delve into the risks associated with favoring quantity over quality and how disciplined trading can stave off emotional and financial turmoil.
Emotional Turmoil and Impulsive Actions
Engaging in overtrading imposes tremendous psychological pressure on traders, potentially leading to emotional burnout. As the frequency of trades rises, so too does the temptation to make decisions driven by emotions. A trader fixated on quantity may become easily swept up in the market's volatility, resulting in heightened levels of stress, anxiety, and fear—factors that are detrimental to sound trading practices.
For instance, the fear of missing out (FOMO) can cause traders to jump into positions without sufficient analysis, simply to keep pace with the market. This lack of strategic focus undermines their success and often leads to costly missteps. Emotional trading can also lead to a damaging cycle of chasing losses, where traders increase their risks in a bid to recover quickly from setbacks, thereby compounding their financial strain.
Escalating Transaction Costs
A major downside of a quantity-centric trading approach is the substantial increase in transaction costs. Each trade incurs broker fees and spreads, and frequent trading can quickly deplete profits. For example, seemingly insignificant spreads can accumulate over time, effectively eating into returns. In contrast, traders who adopt a quality-over-quantity mindset tend to execute fewer, well-planned trades, thereby minimizing overall transaction costs. This strategy is designed to maximize profit from each trade, rather than engage in perpetual buying and selling.
Fatigue and Loss of Concentration
Forex trading can be mentally taxing, especially with a flurry of trades happening in rapid succession. Traders fixated on quantity are often at risk of losing focus after a certain point, resulting in errors and oversight. It's not uncommon for overtraders to face burnout, compromising their ability to detect critical market signals or neglecting fundamental aspects of their trading strategy. Mental fatigue can lead to slippage in performance as traders gradually lose control and forsake careful analysis.
Conversely, those who prioritize quality often approach the market in a more composed state, ensuring they are both physically and mentally prepared. This clarity enables them to execute trades that are both calculated and strategically aligned with their objectives.
Inconsistent Outcomes and Market Volatility
The fixation on numerous trades often results in erratic results. Markets do not consistently behave in predictable patterns, and excessive trading heightens exposure to volatility. Though some trades may yield favorable outcomes, the sheer volume increases the likelihood of losses.
Traders who prioritize quantity may fall into the “chasing the market” trap, making impulsive decisions based on short-term shifts rather than long-term trends. This impatience undermines trading success, as volatile market conditions often require a more measured, quality-focused approach.
In contrast, quality traders remain steadfast, engaging the market only when optimal conditions arise. By patiently awaiting the right opportunity and conducting comprehensive trend analysis, these traders are more likely to achieve consistent, positive outcomes.
Compromised Risk Management
When quantity overshadows quality, traders can neglect vital aspects of risk management. The more trades you open, the tougher it becomes to control exposure. With numerous positions, setting appropriate stop-loss orders for each can become challenging, leading to dangerous overexposure in adverse market conditions.
In contrast, quality-focused traders emphasize meticulous risk management. With fewer trades to monitor, they can diligently set tight stop-losses, manage leverage judiciously, and safeguard their capital. They are more likely to maintain a balanced portfolio, thus mitigating risks rather than exacerbating them.
The Long-Term Advantage of Quality Over Quantity
In forex trading, quality always surpasses quantity. By focusing on profitable trades supported by strategic planning and disciplined execution, traders can boost not only their success rate but also their overall performance. A tactical approach that prioritizes high-quality setups reduces unnecessary risks and emotional strain, which is crucial for sustainable profitability.
Enhanced Profit Potential
Quality trading methods yield more consistent profits over time. By channeling efforts toward well-researched trades, traders can refine their entry and exit points, ensuring higher success probabilities. These trades typically rely on robust technical and fundamental analyses, significantly amplifying the chances of realizing substantial returns.
Quality trading is about seeking the best opportunities rather than merely any opportunity. This focused approach minimizes the chances of making impulsive decisions that could lead to severe losses.
Superior Risk Management Practices
One vital reason that quality trumps quantity is its inherent focus on risk management. Quality traders are inclined to take fewer but well-calculated risks. They usually implement tighter stop-loss measures and adhere to strict guidelines, such as committing only a small fraction of their capital to any given trade.
This careful approach can curtail the risk of dramatic losses while capitalizing on profitable opportunities. Traders who prioritize quality cultivate a resilient trading plan that protects them from significant market fluctuations and unforeseen volatility.
Reduced Emotional Burden
A lesser-known advantage of prioritizing quality over quantity in trading lies in the significant reduction of emotional stress. Frequent trading can lead to feelings of burnout, anxiety, and distress, particularly when outcomes diverge from expectations. In contrast, quality traders maintain a more stable emotional state, as they do not find themselves constantly fluctuating in and out of trades. This balanced outlook is essential for preserving objectivity and avoiding rash choices, such as revenge trades or decisions made in frustration.
By adhering to a comprehensive trading plan and focusing on high-quality setups, traders can engage with the market more confidently and patiently. This ultimately leads to fewer mistakes and ensures that each trade is executed with a disciplined mindset.
The Role of Trading Psychology: Striking the Right Balance
The interplay between quality and quantity in forex trading cannot overlook the critical influence of trading psychology. A trader's mindset significantly impacts their trading behavior, often determining whether they will succumb to overtrading or maintain the discipline required for quality trades.
Understanding the Psychology Behind Overtrading
The desire for constant activity drives many traders toward overtrading. Fear of missing out on potential gains can lead to impulsive decisions, where quantity is prioritized at the expense of strategic quality. A relentless quest for profit can cloud judgment, leading to poorly considered trades and heightened losses.
Moreover, the dopamine kick associated with successful trades makes it tempting to place additional trades, perpetuating a cycle of emotional highs and lows that can drain both mental energy and financial reserves.
Importance of Emotional Discipline
Engaging in quality trading necessitates a strong sense of emotional discipline. This means exercising patience while waiting for favorable setups, adhering to a well-researched strategy, and resisting impulsive actions. Traders who prioritize quality can distance themselves from emotional market fluctuations, allowing for objective, rational decision-making.
Successful traders recognize that not every market movement necessitates action. They trust their analysis and remain composed, even during periods of heightened market volatility. This level-headedness minimizes anxiety, making it easier to sidestep emotional pitfalls, such as revenge trading.
Managing Emotions of Greed and Fear
Greed and fear stand as the two most destructive emotions in trading. Greed can compel traders to overtrade, while fear can paralyze them, resulting in missed chances or reckless decisions. Focusing on quality can alleviate these emotional struggles. By establishing clear criteria for entering and exiting trades, you cultivate a systematic approach that diminishes the effects of greed and fear.
For instance, when greed tempts you to exceed your strategic limits, recalling the potential emotional and financial costs of overtrading can help ground you. Similarly, quality-oriented traders are more resilient amid market downturns, as their faith in their strategies helps them recognize the broader market context.
Building a Resilient Mental Framework
To transition into a quality-focused trading mindset, you need to cultivate a robust mental framework encompassing the following elements:
- Patience : Learning to wait for high-probability setups rather than rushing blindly into the market.
- Confidence : Trusting your trading strategy and analysis, even when the market appears unpredictable.
- Emotional Control : Staying composed during losing streaks or market upheavals, avoiding rash reactions.
- Reflection : Regularly assessing your trades to identify patterns of impulsivity or overtrading tendencies.
By mastering these psychological components, you can effectively balance quality and quantity in your trading endeavors, paving the way for long-term success in the forex market.
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Streaming Wars | Who’s Winning, Losing, and Sharing Passwords ?Netflix Is Laughing, Cable Is Crying, and Amazon Is Sneaking Up
Highlights for Today
- Trends and Market Share
- Disney: Streaming Profits on the Rise
- Comcast: Cable Restructuring Underway
- Warner Bros : Box Office Challenges
- Paramount: Streaming Growth Amidst Challenges
In the Battle for Loyalty, One Fact Stands Out: Netflix vs the Rest
1. Trends and Market Share
Platforms like YouTube Premium, Amazon Prime, and Apple TV+ do not report quarterly numbers. Additionally, Disney+ Hotstar is excluded due to its planned merger with Reliance in 2025.
Streaming continues to replace traditional linear TV, benefiting all players. Nielsen reports streaming comprised 41% of US TV time in September 2024, a 3.5-point increase year-over-year, primarily at Cable’s expense.
Key Trends to Watch
-Password-Sharing Crackdown: Following Netflix’s success, Disney introduced paid sharing in the US in late September, with effects expected to emerge in Q4. Max is also gearing up for this initiative.
-Amazon Prime’s Growing Presence:CEO Andy Jassy revealed that Prime Video attracts over 200 million global viewers monthly. Combining exclusive content, live sports, and e-commerce integration, Amazon’s ecosystem presents a credible challenge to Netflix.
-YouTube’s Dominance in Living Rooms: YouTube accounts for over 25% of US streaming TV time (excluding YouTube TV) and continues to grow. Alphabet disclosed that YouTube’s ads and subscriptions brought in $50 billion in revenue over the last 12 months, surpassing Netflix’s $38 billion.
-Subscriber Trends: Tentpole events, like the Olympics for Peacock or hit series like House of the Dragon for Max, drove sign-ups. However, retention remains a challenge for all but Netflix.
2. Disney: Streaming Profits Rise
Disney’s fiscal year ends in September, with Q3 FY24 covering the June quarter.
-Streaming Profits:Disney’s direct2consumer (DTC) segment, which includes Disney+, Hulu, and ESPN+, posted its second consecutive profitable quarter, generating $321 million in operating income. Core Disney+ subscribers rose by 4.4 million, reaching 123 million, driven by ad-supported tiers.
-Box Office Wins: Hits like Inside Out 2 and Deadpool & Wolverine powered $316 million in studio profits. Disney became the first studio to surpass $4 billion in global box office revenue in 2024.
- Challenges in Parks: Parks and Experiences revenue dropped 6% to $1.7 billion, impacted by hurricanes, rising costs, and competition from the Paris Olympics. Domestic attendance held steady, while international parks struggled.
- Linear TV Decline: Revenue fell 6%, with profits plunging 38% to $498 million as cord-cutting and reduced ad sales weighed heavily. Disney plans to integrate streaming and linear TV rather than divest assets.
- Optimistic Outlook: Disney expects earnings growth in FY25 (high single digits) and double digits in FY26 and FY27. Blockbusters like Moana2 and Mufasa:The Lion King are anticipated to maintain momentum.
Takeaway: Disney’s Q4 highlighted strides in its streaming turnaround, buoyed by box office wins. However, the decline in linear TV underscores the challenges of transitioning in a shifting media landscape. Strong content and a focus on profitability position Disney for success under Bob Iger’s leadership.
3.Comcast: Cable Restructuring
-Olympics Drive Growth:The Paris Olympics boosted NBCUniversal’s revenue by 37%, generating $1.2 billion in advertising and adding 3 million Peacock subscribers, which now total 36 million.
-Streaming Expansion: Peacock’s revenue rose 82% year-over-year to $1.5 billion, with losses narrowing to $436 million from $565 million last year.
-Cable Struggles: Cord-cutting led to a loss of 365,000 cable TV subscribers, with video segment revenue down 6.2%. Comcast is exploring a spinoff of cable networks like Bravo and CNBC to prioritize growth areas.
-Theme Parks Slow: Theme park revenue dipped 5% to $2.3 billion as domestic attendance normalized post-COVID.
-Broadband Trends:Despite losing 87,000 broadband customers, revenue increased 3%, with higher average revenue per user.
Takeaway:Comcast’s Q3 reflected both opportunities and challenges. While the Olympics showcased its media strength, declines in cable TV and theme parks persist. Streamlining through a cable spinoff could sharpen its focus, but sustaining growth in Peacock and broadband remains critical.
4.Warner Bruh : Box Office Challenges
-Streaming Growth:Max gained 7.2 million subscribers, reaching 110.5 million globally, supported by international expansion and hits like *House of the Dragon*. Streaming revenue rose 9%, marking Warner’s first profit since 2022.
-Box Office Struggles:Studio revenue declined 17%, with theatrical revenue falling 40% due to a weaker film slate (*Beetlejuice Beetlejuice* and *Twisters* compared to last year’s *Barbie*). Video game revenue dropped 31%.
-Mixed Network Results:Network revenue grew 3% from the Olympics and *Shark Week*, but advertising revenue fell 13%. The $9.1 billion NBA impairment from Q2 continues to loom.
-Debt and Cash Flow Issues:** Free cash flow dropped 69% to $632 million, with $41 billion in debt. Warner renewed its Charter Communications deal to bolster stability.
-CEO’s Confidence:David Zaslav emphasized Max’s momentum, projecting $1 billion in streaming profits by 2025 and hinting at password-sharing monetization.
Takeaway:Warner’s Q3 highlighted streaming success but underscored its dependence on Max as traditional film and TV segments falter. Balancing debt, declining cash flow, and expanding streaming profitability will be key to its stability.
5.Paramount: Streaming Growth
-Streaming Success:Paramount+ gained 3.5 million subscribers, reaching 72 million, thanks to sports like the NFL and UEFA and shows like *Tulsa King*. The streaming unit achieved a $49 million operating income, its second consecutive profitable quarter.
-TV and Film Challenges:TV revenue fell 6% due to lower ad sales and declining cable subscribers. The film division saw revenue plummet 34%, with theatrical revenue dropping 71%.
-Merger Progress:Paramount’s merger with Skydance Media is on track for early 2025, following the exploration of 12 potential bidders.
-Cost-Cutting:Paramount has completed 90% of its $500 million cost reduction initiative, resulting in layoffs and asset write-downs.
-Strategic Shift:Paramount is seeking a streaming joint-venture partner to better compete with Netflix and Disney while managing cable TV’s decline.
Takeaway: Paramount’s streaming gains are encouraging, but traditional TV and film struggles persist. The Skydance merger offers a potential transformation, though stabilizing legacy businesses remains a significant hurdle.
Trading is not a get rich quick scheme🔸Patience
▪️Market Timing: Not every moment is the right time to trade. Waiting for the ideal setup is crucial. For example, a patient trader waits for patterns, trends, or specific signals to align with their strategy.
▪️Compounding Growth: Wealth through trading often comes from compounding small, consistent gains rather than chasing big wins. This takes time to materialize.
▪️Recovery Time: Losses are inevitable. Patience allows traders to focus on gradual recovery rather than impulsively trying to "win back" losses.
🔸Discipline
▪️Sticking to the Plan: A trading plan is your blueprint. Discipline ensures you execute trades based on logic, not emotion.
▪️Avoiding Overtrading: The temptation to trade constantly can lead to unnecessary risks. A disciplined trader knows when to step back.
▪️Risk Management: Proper position sizing, setting stop losses, and avoiding over-leveraging are all practices rooted in discipline.
🔸Consistent Effort
▪️Continuous Learning: Markets evolve, and so must traders. Keeping up with new strategies, tools, and market conditions is essential.
▪️Routine Analysis: Reviewing past trades to learn what worked and what didn’t helps improve strategies.
▪️Building Experience: Expertise comes from time spent observing patterns, managing emotions, and handling a variety of market scenarios.
🔸Mindset
▪️Long-Term Thinking: Focus on building wealth slowly rather than chasing immediate profits.
▪️Resilience: Markets can be unpredictable. A strong mindset helps traders stay focused after setbacks.
▪️Adaptability: Successful traders adapt their strategies to fit different market conditions instead of forcing trades.
🔸The Journey, Not the Destination
▪️The idea of "getting rich" in trading is often a trap that leads to rushed decisions and excessive risk-taking. Instead, embrace the process:
▪️Track your progress: Measure success in terms of skill improvement, not just profits.
▪️Celebrate small wins: These build confidence and keep you motivated for the long haul.
▪️Remember, trading is a craft—those who approach it with respect, patience, and consistent effort are the ones most likely to achieve sustainable success.
Consistency in DNA #16NY OPEN
When we choose our asset, we have to base that decision on the session we want to trade. I am in love with NY session, and precisely NY open with my Big Three - OANDA:XAUUSD OANDA:NAS100USD OANDA:US30USD . I just gave you the keys. Are you really still scared to drive?
~AS Malone
WHY ARE YOU OVER TRADING ?Overtrading is one of the most common pitfalls that many go under, myself included I am no better , i have been here especially at the start of my trading and intermediate journey.
The idea of making fast money is so appealing, but fast money often leads to fast losses..after making a loss I would enter another trade to try to recover but then that trade would end in a loss again.. DAMN, I KNOW... that revenge trading kills.
After winning some few trades, I will feel so overly confident and believe that I will win consistently and end up taking trades with bigger amount of LOTS..and guess what ? another loss but this time around even a bigger loss. You end up thinking the market hates you and doesn't like you to see you winning consistently... but in reality, YOU ARE THE PROBLEM ..
Are you looking at that chart 24/7 and you don't see any activity happening?? go catch a drink, go be with your family or play sport. Sometimes when you are bored you end up being reckless and end up not following your plan this leads to some poor quality trades and losses.. DONT BE LIKE THAT go have a life outside of the charts....
SO WHY YOU SHOULD STOP OVERTRADING??
1. Emotional Stress: The constant highs and lows associated with overtrading can take a toll on your mental state. When trading frequently, emotional decisions may become more common, especially after a loss, which can lead to poor judgment and irrational actions.
2. Increased Transaction Costs: More trades mean more transaction fees, which can erode profits over time. Even if each trade has a low fee, they add up quickly and can eat into gains or increase losses.
3. Higher Exposure to Risk: Overtrading often involves taking on more risk than intended or necessary. This higher exposure can lead to larger losses, which could potentially deplete trading capital faster.
4. Reduced Quality of Trades: With overtrading, traders often lower their criteria for entry, leading to trades with lower probabilities of success. This dilutes the overall quality of trades and increases the chances of losses.
5. Account Depletion and Burnout: Over time, the constant focus and rapid pace of overtrading can lead to burnout, both mentally and financially. This can lead to reckless decisions that can potentially wipe out an account.
6. Neglecting the Trading Strategy: Overtrading often deviates from a well-thought-out trading plan or strategy, as it tends to be reactionary rather than calculated. It can prevent traders from focusing on setups with higher probabilities of success and sticking to their strategies.
7. Psychological Effects of Losses: The compounding effect of multiple small losses can have a profound psychological impact, potentially leading to a cycle of revenge trading where traders try to recover losses quickly, often resulting in even larger losses.
YOU ARE WELCOME!!!
3 Steps to Trade Like a Pro Without Losing Your Sanity !🎯You’re here because you’re tired of watching the market run away without you, right? 🚀 You enter too late, exit too early, or worse—hold onto losers like they’re a long-lost love. 💔 It’s time to stop trading like a gambler and start trading like a sniper. 🎯 Buckle up, because this isn’t just another “blah blah strategy” blog. We’re breaking it down George-style: no fluff, no nonsense, just actionable steps (and a bit of sass).
🔥 Step 1: Spot the Uptrend—Your VIP Entrance to the Market Party 🎟️
Every great trade starts with one thing: momentum. That big blue arrow you see? 🌀 That’s the market screaming, "Follow me if you want to live… financially."
What NOT to do:
Don’t second-guess the trend. If price is moving up like a rocket, don’t be the guy saying, "But it feels like it might drop." 🙄
And please, for the love of pips, don’t trade against the trend. That’s like swimming upstream with a cement backpack. 🏋️♂️
George says: The trend is your bestie—until it’s not. Stick with it while it’s hot, but keep an eye on the exit door. 🚪
⚡ Step 2: Check RSI—Because Not All Trends Are Honest 🤥
Here’s where it gets spicy. 🌶️ Price can look like it’s climbing Mount Everest, 🏔️ but RSI might be wheezing at base camp. When price keeps going up but RSI says, “Nah, I’m done,” you’ve got RSI divergence, my friend. That’s your first red flag. 🚩
Think of RSI as your market mood detector. If it’s throwing shade, pay attention. 👀
What to watch for:
Price making higher highs while RSI makes lower highs. 📉
RSI hanging out near oversold like it’s got nowhere better to be. 😴
George says: When price and RSI don’t get along, something’s about to break—and it’s not your trading account if you play this right. 💸
💥 Step 3: Wait for the Trendline to Break—Patience, Grasshopper 🧘
Here’s the part where most traders mess up: impatience. They see a slight pullback and jump in faster than you can say, “margin call.” 😱 Don’t do it.
Wait for the trendline to snap like a cheap rubber band. ✂️ That’s your confirmation. Then, and only then, do you make your move.
The Setup:
Risk $1 to make $3. Always. 🤑 You’re not here to “just survive”—you’re here to thrive. 🌟
Use a stop-loss. Because “hope” is not a risk management strategy. 🤦
George says: A trendline break is like the market giving you a wink. 😉 Ignore it, and you’ll regret it.
Why This Works (and Why Most Traders Fail) 💡
This setup isn’t rocket science—it’s logic. 🤓 Spot the trend. Wait for the market to lose steam. Then confirm it with a trendline break. Simple, right? ✅ Yet 90% of traders will still overcomplicate it with 14 indicators, a gut feeling, and a sprinkle of overconfidence. 😵💫
But not you. You’ve got the plan, the patience, and now, the edge. 🔪
Final Words from George: 💬
Trading is like dating. If you’re too eager, you’ll scare off the good setups and end up stuck with losers. 😂 But if you wait for the right one—oh boy, it’s worth it. 💍 So, stop overthinking, trust the plan, and let the market come to you.
Now go out there and trade smart. And remember: Patience prints profits. 🖨️💰
Cheers to making the market your ATM. 🥂
PS: Risk $1, make $3. It's the kind of math we all like! 😏
What I wish I knew when I started Trading1. Study and Trade One Pair Only
Focusing on a single currency pair can streamline your learning and help you master market dynamics.
🔸Choose a Pair: Start with major pairs like EUR/USD or USD/JPY. These have high liquidity and predictable patterns.
🔸Understand Its Behavior: Learn the fundamentals and technical characteristics of the pair, such as its volatility, reaction to news, and typical trading hours.
🔸Backtesting and Practice: Use historical data to understand how the pair moves under different market conditions.
2. Losses Are Part of Trading
No trader is immune to losses. Handling them effectively is crucial for long-term success.
Mindset:
🔸Accept Losses as Learning Opportunities: View losses as part of the cost of doing business, akin to inventory in retail.
🔸Detach Emotionally: Avoid the temptation to revenge trade or let losses affect your confidence.
Practical Strategies:
🔸Set Risk Parameters: Only risk 1-2% of your trading account per trade. This limits the damage of a losing streak.
🔸Use Stop Losses: Predetermine the point at which you will exit a trade if it goes against you. This protects you from devastating losses.
🔸Keep a Journal: Document each trade, including reasons for entering, outcomes, and what you learned. Over time, patterns will emerge to guide improvement.
3. Develop Discipline and Patience
🔸Stick to a Trading Plan: Define your entry, exit, and risk management strategies before trading.
🔸Trade Less, Win More: Focus on high-probability setups instead of trading excessively.
🔸Give Yourself Time: Mastery in Forex trading can take years. Trust the process and aim for consistent improvement.
4. Build Resilience to Handle Losses
Self-Care:
🔸Step away from the charts after a big loss to regain perspective.
🔸Engage in activities that reduce stress, like exercise or meditation.
Review and Improve:
🔸Evaluate losing trades to identify errors.
🔸Adjust your strategy if recurring issues are found.
🔸Focus on the Big Picture:
🔸Track your performance over months or years, not days. This helps put individual losses into perspective.
Ticker: Celsius Elliot Wave Reference Model
Here’s a reference model for Elliot wave & the 5 Motive Waves .
This is ticker NASDAQ:CELH
Please leave a like 👍 & a positive comment.
Studying for success
Assuming you had correctly identified the wave you were in, you could have protected your capital from significant losses. Celsius’ price plummeted from $99 to below $28, a sharp drop that highlights the importance of wave analysis in safeguarding your investments. This strategy & screening methodology can serve as a valuable addition to your trading toolkit.
It’s currently 3 a.m. in Toronto, and I’ve spent the last three hours trying to solve this puzzle. 🧩
This is an Extended Wave 3 count.
While other primary waves can extend, this is most common wave to extend.
That means this charting principle & identification technique will work majority of the time at least on equities. Other assets have varying chart rules.
Step 1: Identifying Wave 3
- Look for RSI in overbought territory (70+).
- Switch to the highest time frame and identify the highest RSI level on both the price chart and RSI indicator.
- This price area often coincides with the highest volume. Highlight the highest volume bars on your chart for confirmation.
- Mark this point as Wave 3 and then work backward to identify the preceding waves.
Step 2: Identifying Primary Wave 1
& primary wave 2
As you are aware primary wave 1 is the first of the primary wave. Find an area on a chart where price has declined significantly and has created an accumulation box. Mark out the strongest impulse from the box, this should signify wave 1. Wave 1 can be seen as the start of the major move.
- Perform a visual scan of the ticker you’re analyzing:
- Identify and mark accumulation zones using a rectangular box.
- A strong price breakout from an accumulation zone typically signifies the start of Wave 1.
- If you’ve already identified Wave 3, you’ll notice Wave 1 is connected to it by a retracement (Primary Wave 2). This relationship should make Wave 1 & 2 &3 (sub 3)easier to spot.
Step 3 Primary Wave 3 / Sub wave 4 Retracement & final wave 3
- Wave 3(4) Extension: This retracement might appear to be a Primary Wave 4, but it’s actually the final wave before the extended Wave 3(5). Confusing? I know! Wave extensions are complex. Pay close attention to RSI levels to accurately judge this subwave.
Quick Tip: Use the Fibonacci extension tool:
1. Drag from the bottom of Primary Wave 1 to the top.
2. Then drag again to the end of Primary Wave 2.
3. This will mark the 1.618 level, which is often where Subwave 3 of Primary Wave 3 ends. This is the highest price point before Subwave 4’s deep or flat retracement.
• Now that you’ve identified Subwave 3 and Subwave 4, you can confirm the Primary Wave 3, which connects to Subwave 4. This will be the next impulse.
Step 4 Identifying Wave 4
- Notice the next major accumulation / basing pattern / deep retracement after primary wave 3. Done!
Very nice!
Step 5: Identifying Wave 5
Similarly to how wave 1 connect to 2 wave 4 connect to wave 5.
Done !
b]Final Mentions
Point 1
- Notice M pattern extended wave 3(5) aka ( wave 3 final) and primary 5. (M) pattern often called double top.
Point 2
- Notice the connections of both the top & bottoms of waves 3(5) and primary 5.
Creates a symmetrical triangle pattern which would flash warning signs before the huge price descent.
Point 3
- Notice the RSI where you think a new wave started it was just a sub wave in an extensions or a higher time degree Elliot wave.
Point 4( can be seen on 4hour time frame)
Note the head & shoulder which triggered & signified the end of wave 🌊 sent price from
$98 to $26.
That is it for this tutorial / reference guide.
Please leave a like and a positive comment this took lots of time. If you got to this Part drop your favourite emoji in the chat there are mine : 🌊🤝🎯
Thanks,
C Lemard
bull flag and Cup and handle pattern tp"With institutional players adding billions to Bitcoin ETFs and the supply of BTC on exchanges becoming increasingly thin, a surge in demand could lead to Bitcoin reaching $100K. Huge buyers are waiting for the right moment at $75K area, setting the stage for a potential rally toward a new all-time high by 2025."