Trying to figure out fractional reserve banking, QE, QT, yield curves, eurodollar, Etc is even worse. All of this bullshit was created in order screw people who can't keep up with fiat currency games. And as it falls apart, they will try even harder to fight what is really going on.
Yet the next time you go to fill up your car, buy a donut and coffee, or sell some jewelry, yer going to do it in good ol' USD fiat, ain't ya?
Your answers about making money from trading are more cryptic than mine! LOL.... You keep dropping subtle hints without actually saying something firm and helpful.
Come on man. I've already said this numerous times. Maybe not to you specifically? I will tell you directly: 1. Trade one direction: long only. 2. Do not buy the dip, buy the recovery 3. Have a fixed, volatility based stop 4. Do not enter until your stop goes to where you would be wrong. 5. 2-3 trades per day. 1 good trade = done. If you can't make money doing this, you are fat, gay, and probably stuck using Bitcoin forever.
If someone can do that day in, day out, they should be able clear 50K from the market every day on average. You fall far short of that,
I take most offense with the bitcoin remark LOL. I will be shocked if in 5 years it isn't much, much higher and well on its way to transforming the world. The mess that we are in with high debt, income inequality, looming recession, high inflation, inability to really raise the rates, etc, cannot be solved with the current fiat system. So all of these problems will just get worse until we come to some global agreement. I saw a great video where the guy said what the world really needs is a world reserve currency, something that everyone can trust. Its really the only way forward. As for you trading remarks, yes, all of those are excellent points, but its like saying the secret to trading is buying low and selling high. Technically true, but not actionable enough. In your thread, everyone starting jumping in and giving the impression that they are expert traders who are rich beyond imagination. Anytime someone starts a journal, they seem to flame out. Sometimes people share some trades, but clearly not all trades because their win rates can't be maintained. So what I'm saying is a loose and general plan is awesome, and necessary, but the success is in the details. Even something like "don't buy the dip but buy the recovery" is a statement that needs lots of explanation, and if you're getting in at the recovery stage, its already perhaps well off the bottoms already which makes a tight stop difficult. Then when you take a large stop, it clearly messes you up. Anyway, I know it sounds like excuses to you which is fine. But I think its just annoying for there to be a thread that talks about how easy trading is, then reading everyone jump in saying the same thing, and hardly anyone showing anything to back it up. No wonder I like bitcoin so much. Its mathematical certainty!
If I showed you that I bought nearly the bottom today, and sold nearly the top today, you'd still complain. If you think I'm doing anything more complex than what I told you, you're a dum dum. Profitable trading is very simple: * Know your win rate. Mine is 70% * Keep your average profit greater than your average loss All you then need to do to achieve this is: * Mental mastery * Disciplined stops I bought the bottom today with a 2.5 point stop. That is fucking skill.