JK @mytradingspace 🚀
$FCPO long took some & keep some… intend to squeeze this rally to pay for my coming trip. Told my corp fren I study my trades, charts, PA, possible next market trends on weekends. she goes 🙈😱🤪 I look at most things including my shopping from the RR perspective.…
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have you happened to pass by a Poh Kong store lately?
I think many rushing in to sell their gold since it’s at new ATH, right? RIGHT? 🫨
I think many rushing in to sell their gold since it’s at new ATH, right? RIGHT? 🫨
Media is too big
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i read every memo of his, brillliant investor & fund manager.
Howard Marks, Oaktree Capital
AUM: $202B
Howard Marks, Oaktree Capital
AUM: $202B
$FCPO
tight mom spreads suggest muted/ranging trading through Q2.
possible disrupters:
- geopolitical tension 🐮
- trade war escalations 🐻
- fed cuts🐮
tight mom spreads suggest muted/ranging trading through Q2.
possible disrupters:
- geopolitical tension 🐮
- trade war escalations 🐻
- fed cuts
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JK @mytradingspace 🚀
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new ATH on pizza day 🥇 🎉
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JK @mytradingspace 🚀
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there’s only one outcome for martingale strategy. —> 0
recently many furus selling programs which is essentially martingale, basically doubling down on losing positions, and close slightly >BE, aka risk 99, reward 1.
it soothes the traders psychology, with seemingly endless winnings, boost their confidence. until, they come across a runaway trend, which there will always be one every 3-6mths time in todays volatile markets.
that’s their Cycle N.
Till then, everyone feels like a supertrader.
sounds familiar?
yeah, if you’ve been in the market long enough, dats the ‘options credit spread receive rental’ strategy, repackaged.
it’s hard to talk someone out of this strategy, because their account balance will be soaring, so is their confidence. it’s cruel, because it only takes 1 trade to wipe everything off — $$, confidence, belief, effort. Then, they become new members of the ‘trading is risky’ club.
If it works, I won’t be watching charts today. There’s no trading secret, you just need to work your ass off to beat dat guy on the other side of the trade. period.
recently many furus selling programs which is essentially martingale, basically doubling down on losing positions, and close slightly >BE, aka risk 99, reward 1.
it soothes the traders psychology, with seemingly endless winnings, boost their confidence. until, they come across a runaway trend, which there will always be one every 3-6mths time in todays volatile markets.
that’s their Cycle N.
Till then, everyone feels like a supertrader.
sounds familiar?
yeah, if you’ve been in the market long enough, dats the ‘options credit spread receive rental’ strategy, repackaged.
it’s hard to talk someone out of this strategy, because their account balance will be soaring, so is their confidence. it’s cruel, because it only takes 1 trade to wipe everything off — $$, confidence, belief, effort. Then, they become new members of the ‘trading is risky’ club.
If it works, I won’t be watching charts today. There’s no trading secret, you just need to work your ass off to beat dat guy on the other side of the trade. period.
came across this saying…lol
allow me to modify it a little
Initially in trading, those who ‘know’ talked, then realize people prefer to listen to those who ‘talk’ & promise easier & more comfortable systems/solutions.
if you say trading is not easy, lots of effort involved. they think you talk too highly of yourself as a trader.
if you say formulas & systems don’t work all the time, they think you’re trying to keep trading secrets to yourself.
Over time, one realize, it’s better to just keep quiet.
once in a blue moon, you’ll come across someone who had enough losses, finally understand there’s no shortcuts, & still hv belief in trading successfully (most ppl would hv given up).
that 1,2 survivor out of 100, is the one I’d love to befriend & trade together with. yeah, not easy to find 😊
#traderlife
allow me to modify it a little
Initially in trading, those who ‘know’ talked, then realize people prefer to listen to those who ‘talk’ & promise easier & more comfortable systems/solutions.
if you say trading is not easy, lots of effort involved. they think you talk too highly of yourself as a trader.
if you say formulas & systems don’t work all the time, they think you’re trying to keep trading secrets to yourself.
Over time, one realize, it’s better to just keep quiet.
once in a blue moon, you’ll come across someone who had enough losses, finally understand there’s no shortcuts, & still hv belief in trading successfully (most ppl would hv given up).
that 1,2 survivor out of 100, is the one I’d love to befriend & trade together with. yeah, not easy to find 😊
#traderlife