If you are still managing your money the same way as last year then you could be playing a dangerous (even deadly) game… probably without knowing it. Think about it…Central banks have clearly lost control of the global economy.
Do you believe in miracles? Maybe you do and maybe you don’t. But when it comes to trading the financial markets, hoping for miracles is not a viable trading strategy.
Did you know that 87% of all significant price action occurs in only 11% of the time? So in other words – 89% of the time the tape just sort of meanders sideways within a range.
Friday was one of the ugliest stock market sessions in living memory. Everything got hammered…. just to bounce right back in the late session.
It’s an awesome feeling to consistently print profits while everyone else is running around with their hair on fire. Just another reason I really enjoyed giving yesterday’s presentation on our Crypto Salary System.
Having suffered a bit of whiplash, a growing number of economists and so called ‘ financial experts’ have started whinging that the Fed is moving too forcefully in slowing the economy in attempt to overcorrect for past mistakes. My take on that: Boohooo – cry me a river…
We moved into our new house a little over a week ago and for the third time in less than one year I’m pulling my hair out in sheer frustration while I’m pulling stuff out of boxes. Yes of course I’ve labeled everything but the damn movers we hired simply stacked everything on top of each other and then dashed, making it impossible for us to find anything.
You can actually draw quite a few parallels between resistance exercise and the progression of price action. First up it’s important to understand that price never moves in one single direction longer than its momentum effect permits.
Something strange happened this morning right after I awoke from my slumber. I opened the window to let in some early morning sunshine and immediately noticed that there was absolutely nothing. As in no traffic noise, no lawn mowers, no weed blowers, no machines humming away in the distance, no planes crossing the sky, basically no human activity whatsoever. Just complete silence.
I hate moving just as much as the next guy, but what I despise the most is having to move during a critical or turbulent time in the market. Worse yet, the older you get the more crap you end up accumulating, 99% of which you probably don’t even need.