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  1. M

    please share your thought process when you are looking at charts

    how do you define something that is completely subjective to the eye. I mean, there might be a way with candles but trendlines? I'm not arguing, not at all. I just don't know any trader who carres significant size and trades with charts. Most of them either use a ladder, excel sheet or python code
  2. M

    please share your thought process when you are looking at charts

    A statistic can also be an underlying force. The chart does not create price, orders do. If you have an edge and you don't know why it's fine really. But you have to be able to define and quantify your edge. Try that with chart patterns...
  3. M

    Looking for Advice

    yeah, I admit that I was a bit sloppy in creating that example :)
  4. M

    Looking for Advice

    @rarefarefroghorn just to get the facts straight: Four years of failure is basically nothing. If you are looking at a prop shop, out of 100 hirings about 50 leave after 6 months, further 30 don't survive the first year, 10 leave after the second year and from the 10 remaining about 2 are making...
  5. M

    Looking for Advice

    teaser 1 is a bit mean since you don't have all the info as you mentioned. So you have to make an assumption: 1. the cash reserves are sufficient to cover the bonds: In this case you want to buy bonds and stock because bonds are trading to low. You'll get paid on the bonds and get a free ride on...
  6. M

    Looking for Advice

    https://akunacapital.teachable.com/ Start here. If you do well, they'll invite you for an interview. Be aware that the stuff is not easy although it's only the 101. But at least you know which direction you have to look for. Professional trading is all about replicating cashflows to find edge...
  7. M

    please share your thought process when you are looking at charts

    I'm pretty sure that you don't just look at a chart and say: "this is going up" If you've done this for the last 20 years you have soaked up a ton of side info into your subconscious and that's what's driving your decisions. I can look at a chart and see that there is an iceberg order sitting at...
  8. M

    please share your thought process when you are looking at charts

    if that really works for you, power to you.
  9. M

    please share your thought process when you are looking at charts

    you even get that from IB. And what you don't get from a chart is the transaction size, direction and which side the agression was. Times&Sales better
  10. M

    please share your thought process when you are looking at charts

    Look: If price alone is all you have as sourche of information then the only thing you can do is bet on the return distribution of price itself as well as the return distribution of inflection points. Meaning: If you draw lines and count how many times the line was rejected or pierced by price...
  11. M

    I'm brand new to crypto. Tell me where to learn about it.

    Crypto does pay interest...BTC averages about 2-3%, margin lending is up to 100% and DeFi well into 4digits annualized depending on where you park it. I'd suggest you start your research^^
  12. M

    please share your thought process when you are looking at charts

    First of all, charts are a way to organize price action. That's it. They are one piece of the puzzle. There is no way you can trade profitably with charts alone. You need market knowledge in order to predict other players actions or you need statistics that give you an edge regarding pricing...
  13. M

    I'm brand new to crypto. Tell me where to learn about it.

    you can't make dollars in crypto as long as you don't understand the macro behind it. If you think you can just draw a couple of squiggly lines on a chart and you're set, then you'll have a hard time
  14. M

    I'm brand new to crypto. Tell me where to learn about it.

    crypto has value because it is not backed by a government body. if you don't understand that, you should not be in crypto at all
  15. M

    I'm brand new to crypto. Tell me where to learn about it.

    you won't find a course that will help you make money. This market is evolving so quickly that it'll be outdated within three months. Twitter is the best place to stay informed, reddit and youtube to learn the basics
  16. M

    Looking for Advice

    honestly, perhaps you've just read half of his post. He's a college student trading a 1k account. There is no way on earth anything comes out of that unless he gambles on a shitcoin and hits the jackpot. Completely underfunded
  17. M

    Looking for Advice

    Stop trading right away. You neither have the capital nor the knowledge to get anywhere in this field. Even worse, your addiction to make it may lead to neglecting the stuff that is more important in your life right now, especially education. If you really want to pursue this carreer, make...
  18. M

    What instruments do traders in London and Asia trade?

    This guy has one post... I guess you just got trolled XD
  19. M

    What instruments do traders in London and Asia trade?

    Nikkei, Hangseng, FDAX, Eurostoxx, FGBM, FGBL, FGBX, Gold is important overnight, also the Yen.
  20. M

    Is Gessler, head of the SEC, trying to end zero commissions?

    https://www.interactivebrokers.com/en/index.php?f=1590&p=stocks2 https://www.interactivebrokers.com/en/index.php?f=938 As you can see there is no way you pay 50k for your lousy stock trades on a 100k account, but I'm sure you can do the math for yourself. But there is a skill in proper...
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