“Oh, the markets are open? … time to grab some money”!
Another day, another dollar … quite frankly, although I realize many people either
don’t like the stock indices, especially the DOW30 and/or the SP500, or have lost
plenty of money trading them, there isn’t another group of markets anywhere that
offer the “one sided” trading paradigm of the “88/6/6” seen since February 2016
… and that is 88% of the time UP, 6% of the time sideways, AND 6% of the time
going down … if you don’t believe me, I don’t care cuz the facts are there to check
out yourself … be delusional if you want, it’s your prerogative to ignore reality,
just don't expect to make any money off of it … what makes February 2016 so
special, is that’s the moment the FED saved the oil industry from bankruptcy,
and used the “Plunge Protection Team” [PPT] to buy staggering quantities of oil
futures to raise the price of oil out of the 20’s, into the 30’s, and very quickly after
that into the 40’s … in other words, a “dry run” for stocks.
And while some days are better than others, along with the paradigm of the
market, you need a very low cost CFD trading instrument to go with it … and if
you don’t have it, you’re giving the scumbag LP banks + the brokerage house
thousands of dollars a year, and that’s just from a small trading account in the
hundreds … ditto for other markets as well … and if you’re a U.S. citizen or
resident, your job of finding such a place becomes more difficult cuz of the idiocy
of the U.S. Government not allowing CFD’s to be offered by brokerage houses in
the U.S. … this is the sop Obama threw the CME [from Murder, Illinois] to get
competition destroyed for futures back in 2010 via the horrendous “Dodd/Frank”
legislation … no matter, fuck ‘em cuz you don’t need them anymore … they’re
dinosaurs for small traders.
You also have to be extremely careful who you trade through, cuz there are
“bucket shops” out there like Coinexx & Turnkey, that offer the illusion of tight
bid/offer spreads, but in reality they are phantom and loaded with slippage from
shit fills … along with execution time in the seconds cuz your order gets rerouted
to a “robot” that takes it to a preferred LP [they own are partners of] who
executes the real order with a legit bank and then marks up your shit different for
a very nice gain for themselves at your expense after they hedge it … and guess
what? … it isn’t illegal, but highly unethical to say the least … this is what got
FXCM kicked out of the U.S. … notice though, they still operate worldwide, just
not in the U.S., and they don’t take U.S. customers … knowing they do this, why
would anybody fucking trade with them?
Since I started trading the FX CHOICE PAMM / MAM in the DOW30 on October 28,
2019, I’ve used FX CHOICE [BELIZE] as my preferred offshore brokerage house
… why? … 1) they accept U.S. clients, 2) deposit/withdraw in Bitcoin [BTC] and
other crypto as well, and 3) they have a “top 5” in the world CFD in the DOW30,
which usually has a bid/offer spread of 2.0 - 2.5 index points AND no commissions
on the CFD … after considerable research, you can find DOW30 CFD’s around
1 - 1 ½ index points at other offshore houses that don’t accept U.S. clients, but
you also pay commissions, which after crunching the numbers, you’ll find your
“net cost to trade” of around 1.6 - 2.0 index points … I can trade the DOW30 CFD
at FX CHOICE for 2.0 - 2.5 index points “net cost”, so is ½ of an index point on a
CFD that has a 20 Day Range MA of over 200+ index points going to be the
determining factor in me making money? … no, given the way it trades, most
definitely not! … that’s not to say I wouldn’t mind an even cheaper CFD, I would!
… and sadly, PRIMEXBT doesn’t offer the DOW30 for trading … so, not even an
option there.
The MOST IMPORTANT thing you can know about a market is what trading
paradigm does it trade in? … cuz if you know that, you know how to trade it for
profit … there is nothing even remotely close to the buy side FED manipulation
of the DOW30 via the PPT, almost every frickin’ day … nothing … central banks
worldwide are CNTRL-P OVER $100 billion per month into the system, and that’s
not even counting the $100 Billion from the FED! … taken together, it’s over 2.5
TRILLION DOLLARS OF QE “funny money”, that after the Wall Street banks get
through “laundering” for the FED at pre-arranged prices, allows billions to be put
right into stocks with no risk cuz they have no cost basis for the purchases … it
was all done in hours and days with no risk, but only profits … and it goes right
into stocks, pumping them ever higher in the Ponzi scheme bubble we find
ourselves in right now.
Sidestep the back “6”, and you’re gonna need a bigger ship to carry the money
away from the dock!
I said yesterday, I trade the DOW30 using both “Traders Course” [TC] chapter 6,
AND “Traders Course II” [TC] algorithm material … if the FED doesn’t completely
change course, and abandon pumping their balance sheet ever skyward, which I
don’t ever see happening until the revolution comes and they all hang from trees,
the “88/6/6” paradigm will continue to function in the U.S. stock indices … which
leads me to the PAMM / MAM once again at FX CHOICE … simple to join, fund
with BTC, and most likely make money … [do you somehow think I’m
“dumb enough” or “presumptuous enough” to make any guarantees here?
… only guarantee in life is you’re gonna die someday … I trade the algorithm
… statistically since February 2016, if the data holds up, that means 50%+ returns
per year … and what that means, is that no matter the amount you start with, a
few years later that pile is “bigly & yuge” and can provide a nice nest egg, or be
the provider of nice income … but I guess you’re all comfortable with where your
at right now, so never mind.]
Every day sees opportunity … today no different … one great algorithm buy
signal TODAY … FX CHOICE PAMM / MAM UP 0.3%.
Really didn’t take any heat in this trade … got the signal, market moved up
immediately, and I rung the register for profit … Isn’t this what I’m supposed to
do?
In Cable today, a different story … we don’t have anything remotely near an
“88/6/6” paradigm in FX … and despite a decent range today, it all came within
about 45 minutes … the rest of the time a bucket of complete shit … no trades
today for the PAMM / MAM at Turnkey in Cable [GBPUSD].
Tomorrow morning in the U.S., it’s NFP Friday … oh joy, oh fun … without a doubt,
my least favorite day of trading 12 times a year … I hate these days … but
nonetheless, whatever the “Tulip Bulb 30” has in store for us tomorrow, there will
be corrections along the way to buy for profit … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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