Message of the day; trading is much like our daily life and life in general. You can compare a “trade” with your everyday decisions. You can buy into crap in some conversations and people and with others vice versa. Just like a relationship for example, if you are not getting value, would you keep investing in that person/relationship? This is why we shouldn’t keep adding into losing positions when they are dropping. Take loss, cut relationship and move on for someone else or rather move on to a different trade. Get it?
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DollarPrinter via @gif
DollarPrinter
Message of the day; trading is much like our daily life and life in general. You can compare a “trade” with your everyday decisions. You can buy into crap in some conversations and people and with others vice versa. Just like a relationship for example, if…
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DollarPrinter
Message of the day; trading is much like our daily life and life in general. You can compare a “trade” with your everyday decisions. You can buy into crap in some conversations and people and with others vice versa. Just like a relationship for example, if…
When a doctor uses the scalpel, he has no room for error, this is why you should be surgical with scalping. Respect your tp and sl blindly as if you dont, you will fuck up.
Just found out there is some sort of bot arbitrage going on on Luna and MIM (Magic Internet Money) i suggest staying away from luna until this gets sorted. Will update you.
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US MARKET UPDATE:
- Strong earnings from Apple enticed dip buyers, overshadowing fears that the Federal Reserve will have to intervene aggressively to halt the fastest inflation since the 1980s.
- The S&P 500 notched its biggest rally since June 2020, erasing its weekly losses. The tech-heavy Nasdaq 100 index, which is still on track for its worst month since 2008, increased by more than 3%. Apple jumped after beating Wall Street projections, signalling a success over a supply-chain crisis exacerbated by the pandemic. bitcoin rallied.
- Since Fed Chair Jerome Powell foreshadowed quicker tightening, markets have swung back and forth, raising investor concerns about geopolitical risks and a downturn in earnings. As it attempts to alleviate price pressures mostly created by supply chain disruption, Blackrock strategist Scott Thiel warned that the central bank risks making a hawkish policy blunder.
- According to Goldman Sachs, equities are still the greatest game in town. That's because, according to sharmin mossavar-rahmani, head of the bank's investment strategy group, stock prices are "nowhere near" where they were at the peak of the dotcom bubble two decades ago. The US equities market now, unlike in the late 1990s, has broad-based returns and fundamentally robust company earnings, she said.
- Despite predictions that Fed tightening will stifle GDP, earnings expectations have remained stable. This year, analysts boosted their profit projections for 2022 by almost $1 to $221.4 per share. So far this season, roughly 80% of companies that have reported results have outperformed expectations. While profits on the S&P were estimated to expand by 22% in the fourth quarter.
- Strong earnings from Apple enticed dip buyers, overshadowing fears that the Federal Reserve will have to intervene aggressively to halt the fastest inflation since the 1980s.
- The S&P 500 notched its biggest rally since June 2020, erasing its weekly losses. The tech-heavy Nasdaq 100 index, which is still on track for its worst month since 2008, increased by more than 3%. Apple jumped after beating Wall Street projections, signalling a success over a supply-chain crisis exacerbated by the pandemic. bitcoin rallied.
- Since Fed Chair Jerome Powell foreshadowed quicker tightening, markets have swung back and forth, raising investor concerns about geopolitical risks and a downturn in earnings. As it attempts to alleviate price pressures mostly created by supply chain disruption, Blackrock strategist Scott Thiel warned that the central bank risks making a hawkish policy blunder.
- According to Goldman Sachs, equities are still the greatest game in town. That's because, according to sharmin mossavar-rahmani, head of the bank's investment strategy group, stock prices are "nowhere near" where they were at the peak of the dotcom bubble two decades ago. The US equities market now, unlike in the late 1990s, has broad-based returns and fundamentally robust company earnings, she said.
- Despite predictions that Fed tightening will stifle GDP, earnings expectations have remained stable. This year, analysts boosted their profit projections for 2022 by almost $1 to $221.4 per share. So far this season, roughly 80% of companies that have reported results have outperformed expectations. While profits on the S&P were estimated to expand by 22% in the fourth quarter.
Are both cohorts Accumulating?
🍎 No, No (topping / sell signal)
🍊 Yes, No
🔵 No, Yes
🫐 Yes, Yes (bottoming / buy signal)
Looks like 🫐
🍎 No, No (topping / sell signal)
🍊 Yes, No
🔵 No, Yes
🫐 Yes, Yes (bottoming / buy signal)
Looks like 🫐
Bybit opening massive longs in this consolidation. Most likely doesn't end well but this is the weekend so who knows but volume is being built up heavily here gonna be a exciting move, currently trading around CME price