Our entries, exits, & analysis
Before I found any sort of consistency in my trading, I was fixed on finding that magical entry point that would change my life and make me profitable. I was looking for the holy grail.
Well after countless failures and disappointing results from all the "magical solutions" I could find on YouTube and google searches, I realized the secret. The "secret" of trading and investing (in my opinion), is that there are no secrets.
Real, consistent trading is not glamorous or overnight riches like they show you on the TV and social media. Real trading is building accounts over time, at a steady rate. The biggest thing that changed my trading was learning the concept of proper risk management and position sizing.
I don't do anything incredibly fancy, yet I am very happy with my trading performance. I keep my positions very small, and I look to scale accounts over time with as little drawdown as possible. In fact, once I dropped the gold rush mindset that most traders fall victim to, I actually started to achieve some positive results!
Slow and steady wins the race, or as we say it inside the VIP community: "Small positions and chill". There's no need to get rich today. This is a skill an individual can use their entire lives, and trading success is a lifelong journey.
That's all for now. It's Friday and time to step away from the charts for a bit, so I can be fresh on Sunday.
9/24/2021 The People's Bank of China banned all crypto transactions on overseas Chinese services along with its domestic ban. Bitcoin is down over 8% today and Ethereum is down 11.48%. Our outlook I think we're seeing a lot of noise around China and their condemning of cryptocurrencies before they digitize their own. In the short […]
Let's look into the Bank of England's Monetary Policy Summary which took place on Thursday the 23rd of September, 2021. Quick Summary: BoE keeps interest rates unchanged at 0.10% BoE will maintain its asset purchasing target at £875B The vote to keep policy unchanged passed with a 7-2 vote The minutes of the MPC meeting […]
9/23/2021 The precious metal snapped three days of gains and tumbled back down to the support range from $1740s-1760s approximately. Gold is down -.56% on the day going into the opening of the NY session. Our outlook Gold will likely rise on the US indices falling, and is usually due to slowing economic growth. Because […]
9/21/2021 Bitcoin Update For the past month, Bitcoin went on a tear rising over 20% from the beginning of August. Recently, however, China and other risk-off factors have contributed to a 23% decline from the recent highs around $52,760. Now the most prominent crypto has touched these monthly lows which could be a potentially good […]
