Originally posted by BABABlackSheep
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stock market crash
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First Law of Contracting: Only the strong survive -
FTSE 100 continues downtrend...
I thought it would be clear as crystal by now to everyone - we're in a downtrend and that's not changing anytime soon. The price action channel is taking shape now and continues until August 2021.
Facts are those:
1) We are in a bear market.
2) The trend is lower highs.
Buying during a bear market is asking for trouble. You can make money but you'll be trading ever other week and I don't imagine that speaks for the majority of investors.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by _V_ View PostI assumed it because in the Crypto trading thread you strarted you mentioned buying different coins and tokens almost every day? Is that not day trading, buying and selling on a daily basis?
If I'm buying a new crypto, it must have strong fundamentals and be very oversold so I can hold onto to it for 12+ months."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostI really don't. Maybe in 2017... not today though, I've learnt my lesson.
If I'm buying a new crypto, it must have strong fundamentals and be very oversold so I can hold onto to it for 12+ months.
Are you an investor buying the dips long term, or a swing trader? Because you mentioned some pretty big short positions using options not long ago? Or was that for hedging a long term position?
Or is it all about being right and posting charts?
To be honest it isn't very coherent, the charts scream trader but you say you are now an investor?First Law of Contracting: Only the strong surviveComment
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Originally posted by _V_ View PostI still struggle to see what you are doing and trying to achieve?Comment
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Originally posted by _V_ View PostOr is it all about being right and posting charts?Comment
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Originally posted by scooterscot View PostFTSE 100 continues downtrend...
I thought it would be clear as crystal by now to everyone - we're in a downtrend and that's not changing anytime soon. The price action channel is taking shape now and continues until August 2021.
Facts are those:
1) We are in a bear market.
2) The trend is lower highs.
Buying during a bear market is asking for trouble. You can make money but you'll be trading ever other week and I don't imagine that speaks for the majority of investors.
Right?
Are you sure?Comment
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Originally posted by BABABlackSheep View PostAssume he’s..
without_worries on tradingview.com
That’s who’s producing the graphs.
Maybe best if Scooty stick to that site as they seem to like his graphs over thereI am what I drink, and I'm a bitter manComment
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Originally posted by _V_ View PostI still struggle to see what you are doing and trying to achieve?
Are you an investor buying the dips long term, or a swing trader? Because you mentioned some pretty big short positions using options not long ago? Or was that for hedging a long term position?
That's 3 months now / almost.
Or is it all about being right and posting charts?
I don't even know where that's going. I make mistakes like everyone else. Then I learn something I did not know before.
To be honest it isn't very coherent, the charts scream trader but you say you are now an investor?
below
From time to time people make donations for my analysis, which is cool. Sometimes I'm asked to study a coin or whatever and I will, for free. Why free? Same reason as a entrepreneur / freelancer. Over the years all my direct clients were won with free work. I'd spend 40-60 hours preparing 'identify and propose solution', it was a chance for the client to see the quality of my work and what they could expect.
Friends and family thought I was mad doing work for free. They are were same friends and family criticising my income 'it is not right you get paid that much'. Can't win."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by jamesbrown View PostHis way out of the third floor broom cupboard in the Thistle Hotel, Heathrow, and on to a better life."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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