For anyone who’s been active in the markets back in 2008 this is probably deja vu all over again. Over the weekend bank regulators seized Silicon Valley Bank as well as Signature Bank in New York, which represents the largest bank failure since the 2008 recession.
If the current market gyrations are making you want to step out into the yard and kick a tree or two, then you’re not alone.
0DTE has become all the rage among retail traders for one simple reason: There’s a ton of money to be made if you happen to find yourself on the right side of the the trade.
Since about 2008 an ever recurring and exceedingly frustrating experience for renowned perma-bears like e.g. Michael Burry has been the Federal Reserve’s sheer infinite ability to prop up stock markets at increasing risk to the U.S. Dollar. Not surprisingly markets quickly embraced the ‘new normal’ but in regards to the global economy it’s been a slow motion train wreck in the making.
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As a new or even intermediate trader, the surest way to shoot yourself in the foot in the foot, with a bazooka, is by being a contrarian. Especially when the information that is in front of you is telling you the exact opposite.
Dear Diary, Today is the 467th day of my existence. Last night I was updated to fix some bugs I had in my profit taking exit algo, but aside from that it’s business as usual today.
As a new trader, you can save yourself from shooting yourself in the foot simply by trading stock options instead of stocks or any other financial instrument for that matter. Of course learning how to trade options properly and consistently is the key to achieving long term success.
My wife grew up in Paris and spent a few years modeling back in the late 1990s. One of her gigs took her to Tokyo and she really loved the energy of the place. The other day she said to me: “Once the Japanese figure out how to make French food, we are screwed.”
A lot of people begin their trading career as discretionary traders and in most cases fail at it ignominiously for a variety of reasons. It’s not uncommon to see them wipe out more than one trading account in a short amount of time.
Most people equate taking a loss with admitting defeat. As a trader it is crucial for you to understand the difference. Taking a good loss is equally as important as taking a good winner.