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new ATH on pizza day 🥇 🎉
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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.
👍3
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
👍3❤2
JK @mytradingspace 🚀
exit signal2: BTC -> US strategic reserve
exit signal3: MSTR -> SP500
exit signal3: MSTR -> SP500
$BTC hodl
exit signal2 triggered✅
Long line of crypto firm IPO / filings almost everyday. thinking signal3 might be next big trigger. Did some digging & research, likely happen in q3
will update details 🔜
exit signal2 triggered
Long line of crypto firm IPO / filings almost everyday. thinking signal3 might be next big trigger. Did some digging & research, likely happen in q3
will update details 🔜
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#FOMC
market agrees fed will hold rates steady
Which leaves Q3 (Sept) & Q4 (Dec?) for the anticipated 2cuts for this year.
market agrees fed will hold rates steady
Which leaves Q3 (Sept) & Q4 (Dec?) for the anticipated 2cuts for this year.
$FCPO update
1W: resisted by major DTL
2H: lots of two-side trading, minor wedge breakdown & retest
📝 barring a fed cut, likely remain in weekly sideways range 3.6-4.1k
1W: resisted by major DTL
2H: lots of two-side trading, minor wedge breakdown & retest
📝 barring a fed cut, likely remain in weekly sideways range 3.6-4.1k
❤1👍1
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i have this habit of making an interim life review end-June.
imagine adjusting the levers for each life categories—
slow down those in gear6,7
ramp up those in gear1,2
adjust according to my annual goals.
most of the time, I’ll find that I’ve planned too much in Jan & achieved too little by June each year. 😂 id then know what i need to work more on…
by the end of it, I’ll feel fine tuned for 2H2025. like driving a well-oiled car…🚗 💨
happy long weekend 🥂
imagine adjusting the levers for each life categories—
slow down those in gear6,7
ramp up those in gear1,2
adjust according to my annual goals.
most of the time, I’ll find that I’ve planned too much in Jan & achieved too little by June each year. 😂 id then know what i need to work more on…
by the end of it, I’ll feel fine tuned for 2H2025. like driving a well-oiled car…
happy long weekend 🥂
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$BTC
this is like the quietest peak in Bitcoin history
both network activities & fees are as low as when we’re <$30k
retails are almost entirely not in BTC even as we hovers above 6fig price line. they will be so late, maybe will FOMO in when blackrock creates some hype to unload to them at $200k (possibly when Strategy joins S&P)
so late….🥲
this is like the quietest peak in Bitcoin history
both network activities & fees are as low as when we’re <$30k
retails are almost entirely not in BTC even as we hovers above 6fig price line. they will be so late, maybe will FOMO in when blackrock creates some hype to unload to them at $200k (possibly when Strategy joins S&P)
so late….🥲
👍1