What we saw yesterday in gold & USDJPY encapsulates perfectly what’s FUBAR
about traditional market trading today … an absolute “spikes from Hell” mess
with gaps in pricing … you think you’re risking “X” on a trade, but find out it was
“Y” a split second later … and so sets in what I call the “Casino Mentality”, where
the phrase “fuck it, I’m all in” is heard quite often … and while there are times
rampant stupidity in terms of a trading decision can net a profit or bring you back
from the edge of the abyss, this type of mentality absolutely insures a trip to the
traders graveyard.
It matters little how good your trading model or algorithm is, what matters is out
of your control completely … this goes to the heart of INCONSISTENT VIX and
lousy reward / risk ratios … of course, the manipulators love this type of
environment cuz they know specs are generally over leveraged to the hilt, so
the gaps & spikes almost insure spec reactions they can take advantage … and
when you got Lounge Lizards from the FED taking their cues from the scumbag
banks for help, you either got no chance cuz everything happens in a
microsecond or you have to skip the bullshit … there are far too often times
when trading makes me sick watching price action … yesterday was one for the
record books.
Adding insult to injury, Bitcoin has suddenly turned into a train wreck of slow
motion pain … get on this side of the world, and it seems nobody cares any
longer … where’s the price action?
Moving into fantasy land, otherwise known as trading markets, where reality has
no bearing whatsoever on pricing or movement, another day like yesterday for
gold & USDJPY … spikes from Hell everywhere, and quite frankly both markets
can take a frickin’ hike! … I am not trading any so called market, where risk is
about 7X - 10X higher than any reward from a position … and it all happens in a
microsecond on large spikes … and by the time you see ‘em it’s already over,
you’re screwed … starting tomorrow, the PAMM will move back over to trading
Cable [GBPUSD], simply cuz trading is well defined over and above the casino
mentality we see in gold and YEN, which IMHO are untradeable … both simply
a nightmare.
No trades for the PAMM today, but like I said I’m moving back over to Cable,
where we should have plenty of algorithm signals for trades, albeit without the
frickin’ gaps and bullshit now found in gold and YEN … not to say Cable can’t
go bat shit crazy [BSC] cuz it can, but outside of scheduled news events [econ
reports], Cable is trading nicely without the gaps and “bigly & yuge” spikes from
Hell … in other words, VIX is fairly consistent throughout the day … definitely
can’t say the same for gold & YEN … over at IQCENT, WTF has happened to BTC?
That market has simply died, but no worries cuz I’ve shifted over to “Stock
Bellies”, where margined leverage for accounting purposes is 500:1 … and with
any movement, profitable algorithm opportunities are present … they aren’t
present at Coinexx for the PAMM cuz the LP’s are fucking thieves in the CFD’s
and I refuse to trade them … mystery tick fills and horrific slippage await you at
Coinexx if you wander into the CFD’s … I haven’t experienced that at IQCENT
… today, I traded both GBPUSD & SP500, and “The Syndicate” IS UP
APPROXIMATELY 1.1% … decent day, looking forward to more of ‘em
… 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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