Today’s focus on the blog are the CFD markets at IQCENT … THERE ARE ONLY
4 THINGS THAT MATTER IN TRADING … 1) cost to trade [Bid / Offer spread +
commissions if any] … obviously the lower the better … 2) trading conditions,
specifically is there enough VIX for profit opportunity movement, and is slippage
on fills a factor? … 3) leverage available for trading … the higher the better for
accounting purposes cuz it gives a trader the MAX amount of flexibility … and
4) is the market you’re trading truly a free market or is it manipulated by central
banks and their BFF scumbag buds, the so called “liquidity providers”, which
can be banks and/or HFT’s? … answer these questions adequately, and you know
if the market can be traded … if not, leave ‘em alone Skippy!
Crypto, most notably Bitcoin [BTCUSDT], only comes up short on one criteria,
and that’s leverage … at 10:1, or 10% margin on notional size of your trade, BTC
better be moving somewhere or else your profitable opportunities won’t be that
great … if the range is there and VIX is normal, then BTC is as good as it gets
… but when BTC goes “sleepytime” and into chop mode, it’s time to look
elsewhere for profits … for me personally, if the 20 Day Range MA in BTC is
LESS THAN $1,100, I’ll trade something else.
The 3 U.S. “Stock Bellies” [SP500, DOW30, & NDX100] are at the top of the list
for trading … 1) spreads excellent with no commissions, 2) usually enough VIX,
3) LEVERAGE for margin purposes of 500:1, which I don’t know of any other
house that goes that high, and 4) the paradigm for trading is still the “88/6/6”
model, which has been in place since the great crash of 1987 … we know these
indices are highly manipulated via the “Plunge Protection Team” [PPT] of the
FED, and thus long positions for scalping are definitely preferred … and while
not technically on the list, the fact that a very large percentage of the days range
comes in the New York session [8 AM EST - 4 PM EST] allows us to manage time
better for trading … if Bitcoin ain’t moving and is stuck in mud, one of the 3
“Stock Bellies” indices will be my choice for trading for “”The Syndicate”.
FX is comparable to other houses, but I’d stick to the dollar pairs, as the non
dollar crosses have slightly higher spreads … again, LEVERAGE is key here, as
EURUSD IS 500:1, GBPUSD & USDJPY ARE 300:1 … far higher than most
houses … as for gold [XAUUSD], it’s like gold anywhere else, with a slightly
higher 5 - 7 cent spread, but with no commissions … to sum up, the real
standout CFD’s are 1) BTCUSDT, and then 2) the U.S. “Stock Bellies” … quite
frankly, at 500:1 LEVERAGE for margin purposes, and the way any of the indices
moves during the New York day, for any and all types of traders, even the most
aggressive among you, IQCENT offers the most FLEXIBILITY OF ANY HOUSE
I’VE TRADED AT!
Even if BTC is moving, limited leverage of 10:1 hampers profitability, and with
the availability of the high leverage at IQCENT in any of the 3 U.S. “Stock
Bellies” indices, even with higher costs to trade than BTC, one could make the
argument it’s better to trade any of the 3 versus BTC cuz you’ll make more
money on your trades … at the very least, you have the flexibility to make the
choice for yourself!
Everything you saw in gold today, are the reasons it makes for a terrible trading
market … inside another small range, extremely inconsistent VIX throughout the
day, and horrific spikes from Hell, both up & down on 4th rate econ numbers at
best … add to that the usual spread bullshit seen most days AND slippage, and
you got an untradeable market … just awful … and nothing says awful better
than USDJPY going nowhere and doing nothing for 8+ hours … but wait!, there’s
MOAR! … how about some FED Pie Hole bullshit? … “hey, I got an idea, let’s
skip a meeting for raising rates!” … did you Asshats get positioned first? … and
just like that, all Hell breaks loose around 1:20 PM EST.
Again, markets [cough, bullshit, cough] only move on POLS, Apparatchiks, or
make believe, fairy tale numbers from the math whiz kids … might as well be
playing roulette, the wheel is more honest than anything this shit has to offer
… and to add insult to injury? … Bitcoin can’t move to save its stinkin’ life on this
side of the world … no trades for the PAMM today, conditions are terrible … over
at IQCENT, no trades for “The Syndicate” as well … just pathetic markets for
trading … onto tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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