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Interesting.
Most traders have strong ego, ladies & gents alike. we wanna โcontrolโ our own money, fate, financial future. rather than leaving it to someone else, in mutual funds etc.
Guys certainly have more difficulties in admitting to ego issues in trading. biologically & culturally being Asian.
It takes courage to trade.
It takes more courage to get out of a wrong trade.
It takes hulk.level courage to self-introspect & learn from mistakes.
Trading is a self betterment journey.๐ซก ๐
Most traders have strong ego, ladies & gents alike. we wanna โcontrolโ our own money, fate, financial future. rather than leaving it to someone else, in mutual funds etc.
Guys certainly have more difficulties in admitting to ego issues in trading. biologically & culturally being Asian.
It takes courage to trade.
It takes more courage to get out of a wrong trade.
It takes hulk.level courage to self-introspect & learn from mistakes.
Trading is a self betterment journey.
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๐4
$FCPO quick short leveraging on overall bearish market sentiment following higher US CPI.
Risk: 3k+
Profit: 4.8k
close shop. Waiting for next setup. ๐ป
#success
Risk: 3k+
Profit: 4.8k
close shop. Waiting for next setup. ๐ป
#success
โ
Forget about the money and concentrate on being the best trader you can be.โ
โ Mark Minervini
#moneywillfollow
Forget about the money and concentrate on being the best trader you can be.โ
โ Mark Minervini
#moneywillfollow
๐3
$FCPO
S@3489 supported & bounced. Tagged major DTL. Important juncture here.
5/n
https://twitter.com/jeannekong/status/1570118472885211136?s=46&t=I5e1GyX7VEo2RkAKKmyg8g
S@3489 supported & bounced. Tagged major DTL. Important juncture here.
5/n
https://twitter.com/jeannekong/status/1570118472885211136?s=46&t=I5e1GyX7VEo2RkAKKmyg8g
๐3
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bruhโฆ. ๐ป๐ฝ
2009-2022 ๐ซง
13yrs of Fed โeasy liquidityโ has rendered many investors oblivious to the fact that global economy was already on the brink of cratering even before covid hits โ
ใฝ๏ธno real gdp growth since 2009 GFC
โ๏ธcorp margins squeezed underneath free money driven rising stock prices
๐ consumers spending merely stemmed from piling credit card ๐ณ debts
๐ก easy mortgages surviving on low ratesโฆ
all the exuberance are coming back to haunt us hard as Fed continue to raise rates steadfastly.
Geopolitics
๐ท๐บ Sanctions on Russian nat resources โจ๏ธ
+ ๐จ๐ณ Chinaโs rear-end support for her closest ally ๐ค๐ป๐ค๐ป โ by shutting down their own economy โ will only exacerbate the global supply chain issues further,
sending inflation & power costs in US & Europe through the roof. ๐ชซ๐ชซ
Precisely why this time Fed CANNOT just simply continue printing (like how they did after โ00 dotcom bubble & โ09 GFC), ๐ฃ๐ต
โฆbecause any more exuberance will send the US economy into hyperinflation, creating a US-zuela crisis. Accelerating the loss of confidence in USD global reserve status. ๐ชฆ๐ธ
Cornering Your Enemy โ
never forget Russians are world class chess players & Xi def a ๐ฆ deploying the Art of War.
Seems they are always few steps ahead of the West.
havenโt go into how the EU has dropped a brick ๐งฑ on their own footโฆ
Too much to spew out, TBC in a full substack post. ๐ค๐ป๐
13yrs of Fed โeasy liquidityโ has rendered many investors oblivious to the fact that global economy was already on the brink of cratering even before covid hits โ
ใฝ๏ธno real gdp growth since 2009 GFC
โ๏ธcorp margins squeezed underneath free money driven rising stock prices
all the exuberance are coming back to haunt us hard as Fed continue to raise rates steadfastly.
Geopolitics
๐ท๐บ Sanctions on Russian nat resources โจ๏ธ
+ ๐จ๐ณ Chinaโs rear-end support for her closest ally ๐ค๐ป๐ค๐ป โ by shutting down their own economy โ will only exacerbate the global supply chain issues further,
sending inflation & power costs in US & Europe through the roof. ๐ชซ๐ชซ
Precisely why this time Fed CANNOT just simply continue printing (like how they did after โ00 dotcom bubble & โ09 GFC), ๐ฃ๐ต
โฆbecause any more exuberance will send the US economy into hyperinflation, creating a US-zuela crisis. Accelerating the loss of confidence in USD global reserve status. ๐ชฆ๐ธ
Cornering Your Enemy โ
never forget Russians are world class chess players & Xi def a ๐ฆ deploying the Art of War.
Seems they are always few steps ahead of the West.
havenโt go into how the EU has dropped a brick ๐งฑ on their own footโฆ
Too much to spew out, TBC in a full substack post. ๐ค๐ป
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