QQQVOOGOOGLAAPLNVDA Follow up on my last mind post: To explain how Trump came up with those crazy 64%, 72% “tariffs” from our trading partners—imagine you bring your lunch to school. This big kid named Trump buys your burger for $10. You don’t really want much from him, so you just buy a sausage from him for $5. Then he turns around and says, “Wait, you made more than me! That’s like you charging me a 50% tax!” And now he wants you to give him $2.50 more—or he’ll punch you. That’s not trade. That’s middle school–level bullying—just scaled up to global economics.
QQQVOONVDAAAPLGOOGL I looked more into these “tariffs” and found a post explaining that those “tariff rates” aren’t real tariffs at all. Apparently, they just took the U.S. trade deficit with each country and divided it by that country’s exports to us. So the 64% for Indonesia, for example, is just $17.9B (the deficit) divided by $28B (their exports to us). It’s not an actual tariff—he just made up a number that looks like one.
QQQVOONVDAAAPLGOOGL I still don’t get it. I’ve done my research, and no matter how I look at it, I can’t figure out how Indonesia is supposedly charging us a 64% tariff—or 72% from Thailand, or any of the other numbers on that list. None of it adds up.
SPYSPXAAPLNVDATSLA Hi traders! I am excited to share that I am travelling to Honolulu - Hawaii on 10th April, and I am so happy to visit this island for the first time. I will stay in Honolulu for 6 days; any recommendation or suggestion on what activities I can do there? I am planning to visit some of the Buddhist, Hindu, and Christian temples during my first two days, and the rest of the days I will be doing hiking, ocean, and adventurous sports. I have developed an emotional connection with you all, so I thought of sharing it with you. Thank you, everyone, for connecting with me here and sharing your invaluable suggestions and recommendations. Your one idea/suggestion helped me a lot to further expand my career in trading. See you all tomorrow!
Option traded: 1.) Bought SPX 5630P at $1140— one lot. Sold at $630 and booked a loss of -$513.30 2.) Bought SPX 5680P at $1410—one lot. Sold at $3190 and booked a profit of $1776.50
Performance: Average because Guru didn't follow risk management as he put a large amount of money at risk. Kept SL on the first trade but removed it too early, which indicates Guru is suffering from emotional trading.
Emotions: 1.) High dopamine and over-excitement before booking profit. 2.) Guru removed SL when he saw that trade went against him.
Strong Point: 1.) Able to close the first trade early with a loss, which indicates that Guru took the first step of becoming hopeless in trading. 2.) Able to implement the EMA crossover strategy today. 3.) Able to judge the MM's play.
Weak Point: 1.) Guru took an early entry on his first trade when he saw sellers entering near the EMA200 on 15M-TF, and he didn't wait for the confirmation. 2.) Buying both options was reasonable and makes sense, but you should avoid buying expensive options if you have a small account.
Guidelines for the future: 1.) Always wait for the confirmation 2.) Whenever trading against the trend, always make sure to check for important phenomena such as MSS or change of character. 3.) Always put your entry where masses put their SL.
Thank you, everyone, and I am just $1100 away from reaching my target. I hope everyone did their best. How was your second day of challenge? Please share your P&L with all. See you all tomorrow!
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