In the world of trading and financial blogs it’s easy to get overrun with useless and outright false information. Over the years I have had many brushes with the turbulent world of prop trading, so I can tell you some secrets that pros know and retail traders only wish they knew. Until now!
In the world of trading and financial blogs it’s easy to get overrun with useless and outright false information. Over the years I have had many brushes with the turbulent world of prop trading, so I can tell you some secrets that pros know and retail traders only wish they knew. Until now!
As humans, we have an extremely poor ability to judge statistics. It’s one of the key reasons that casinos anywhere on the planet not only exist, but thrive. Most of us know that in a casino, the odds are stacked squarely against us.
It’s Monday so let’s get you primed for the week. The big take away from last week was that data dependent markets are highly fragile and very volatile markets
If nothing else J-Pow’s dovish cave yesterday has once and for all proven my point that trading on market direction has become a complete sucker play. We now live in a time when the slightest hint at slowing the pace of interest rate hikes is seen as an excuse to kick the market back into turbo mode and keep the Ponzi going for just a little longer.
It’s Fed day and the market is bracing for impact. To keep you entertained while you wait I just posted a new market update on the ole YooToob:
Last week I posted a quick poll aimed at getting a better idea of what type of content and which type of services would best serve my audience moving into 2023. I’m happy to report that no Dominion voting systems were smashed in the process.
You know what’s going to be the king of kings in the New Economy? Energy. Dirty coal, clean nuclear, classic crude, natgas…
First things first. If you missed last night’s wealth creation summit then i suggest you take advantage of the replay I just posted HERE. I hope you’ll all enjoy it.
The dust is settling on the FTX debacle and we finally have a clear picture of what is surely one of the all time dumbest episodes in financial history. So fasten your seatbelts and return your tray table to its full upright and locked position, because just telling you this sordid tale this is going to be one bumpy ride: