It’s easy for people, when struggling with trading, to point a finger at a
successful trader and say, “well yea, he’s just a born trader”, and by de facto
definition, somehow the gene pool skipped over your Mom & Dad and said
“what’s the point?” … however, what’s really going on when I hear shit like
this, and quite frankly it’s been directed at me my whole professional career
by others, is a misunderstanding of an important process few people really
understand … cuz what somebody really means when they say others are
“born traders” and they’re not, is THAT THEY DON’T HAVE THE NECESSARY
HABITS ALL SUCCESSFUL TRADERS HAVE! … 1) dedication to learning
markets in their entirety … OK, call it an addiction … 2) discipline & patience,
which are FREE by the way, and are LEARNED BEHAVIORS … 3) finding the
right markets [lowest total cost to trade] and equally important understanding
the brokerage house you’re at and how they work and make money, and
getting yourself the best deal possible … 4) once you’ve gotten the first 3 down
pat, FIND OR CREATE a trading model that accomplishes what it is you’re
trying to do … a scalping algorithm is useless if you’re a position trader and
vice versa! … understand that trading model backwards & forwards, and most
importantly understand its limitations and when it breaks down … there is no
“Holy Grail” in trading, and every model has at least ONE drawback that leads
to trouble, and quite frankly most have a Helluva lot more than one
… avoiding trouble and THEN MAKING MONEY IS THE RIGHT APPROACH!
… and 5) when you have all of this, attack your chosen market like
“Attila The Hun” and don’t stop trading until your bank balance looks like
your cell phone number with area & country code! … NOW, YOU’RE A BORN
TRADER!!!!!
And believe me, there will be challenges galore in spite of success … we live in
the era of central bank manipulation via their BFF scumbag LP banks, and
nobody has a choice in the matter when it comes to trading … you either figure
out how to escape their clutches and/or get them to work for you, or you FAIL
… it’s a binary process they’ve instituted, and most markets can kiss the idea of
the concept of a “fair & honest free market” right down the toilet … the rise of
crypto in the last decade has helped change the trading industry in ways it
wouldn’t have changed on its own … that’s why Apparatchiks & POLS hate
crypto, cuz they can’t control, manipulate, and/or cheat it like they do fiat, and
therefore it’s a systemic threat.
I have always been a scalper my entire professional career … it gives a trader
MAX freedom from those who seek to assert control over a market … whether
private groups or government via central banks, what’s the difference? … the
difference is only that private groups seek to assert control to make money, and
therefore create volatility, which helps traders … POLS & Apparatchiks seek
control to PUNISH TRADERS BY CRUSHING VOLATILITY AND EXERT POLICY
THAT IS USUALLY IDIOTIC WHILE ATTEMPTING TO ESCAPE CONSEQUENCES
FOR THEIR ACTIONS … in other words, it’s propaganda for financially
educated Sheeple!
There is no question in my mind, and it is my learned opinion only cuz I can’t
get actual “proof” cuz there is no such thing as transparency or accountability
in trading markets any longer from the big actors … the offshore brokerage
houses are joined at the hip with either bank LP’s or very large HFT’s [High
Frequency Trading firms like Citadel, Black Rock, Virtue, etc.] so as to increase
profit through underhanded techniques … while they technically might not be
illegal, they sure as Hell are immoral … and they involve bullshit “variable
bid/offer spread games” on a constant basis where they claim your trading
platform [most notably MT4 or MT5] is giving you the highest bid for selling and
the lowest offer for buying from a multitude of “Tier 1” liquidity providers [LP’s],
when in fact they only ever use 1 or maybe 2 of these banks or HFT’s, and the
bids & offers employ “mystery ticks” up in the offer when you go to buy, and
“mystery ticks” lower in the bid when you go to sell … and while you might
think your house has “tight spreads”, in fact it’s all bullshit and they’re in reality
50%+ higher than you thought when you go to trade … and nobody but nobody
did it better than Turnkey when they were still around, and now that they’ve
merged with Coinexx, these Asshats employ it as well.
And if that’s not bad enough, we don’t know if any of these brokerage houses
sell your customer data to an HFT, with all of your accounts trading habits
… we’re talkin’ millions of dollars here … remember RobinHood & the HFT
Citadel? … but, like I said, crypto changed a lot of that, and at least the HFT’s
are better for us as traders than the scumbag banks.
Which brings me to IQCENT and the markets they offer that can’t be beat
anywhere! … go ahead, I dare you, go find them somewhere else and then let
me know via email where there’s a lower total cost to trade, cuz I definitely want
to know … although I list 4 crypto markets to trade, there are more than that at
IQCENT, but these are the top 4 IMHO, and unless there’s a specific reason to
stray from these, all I see is trouble in trading the others, mostly cuz of lack of
liquidity and VIX … and the 4 are, BTCUSDT, ETHUSDT, DOGEUSDT, &
XRPUSDT … BOTH BTCUSDT & ETHUSDT have 1 penny bid/offer spread with
no commissions, so it’s literally impossible to find another house that can beat
that … IMHO, ETHUSDT makes for the best overall conditions.
And if you don’t want to trade crypto for some reason [like it ain’t movin’!], over
in FX the only obvious choice is EURUSD … 0.1 - 0.2 PIP BID/OFFER SPREAD
WITH NO COMMISSIONS … lowest cost to trade you’ll find anywhere! … I
highlighted in a previous blog how IQCENT makes their money, and they do it
through HIGHER VIX on spikes UP/DOWN … again, another big benefit for a
successful scalper, when you “buy the dip & sell the RIP!” … other markets can
make good “day trading”, but not necessarily good scalping vehicles to trade
… for scalp traders YOU ABSOLUTELY NEED THE LOWEST COST AVAILABLE
IN THE MARKETPLACE, ALONG WITH ZERO SLIPPAGE … from my
experiences, you get that at IQCENT … you most certainly don’t get it at Coinexx
cuz of commissions + slippage.
I mentioned the other day about reorienting your thinking towards scalping, and
bringing yourself around to view scalping as a specific condition of binary
options … a “quasi” model if you will … cuz here’s the deal folks … using VIDYA
& the stochastic oscillator, we can pinpoint very well with a very good & high
probability, when scumbag banks are about to either resume a short term trend,
OR “flip the script” and fade spec order flow … cuz remember, to a bank they
don’t want to move a market that hurts the direction of their positions, so they
engineer moves up/down so spec order flow is faded on spec buy/sell signals
… I’ve noted in the past that this is “buy or sell fuel” ready to hit the market,
and we see this all the time in FX and crypto pairs … and so we get the
appropriate move like clockwork! … contrast this with an OTC Binary Option,
where the entire process has no basis in fact in the real world … it’s make
believe trading among house clients, so they say … the entire system is being
run by an “AI generated software system”, much like casinos use with
progressive slot machines linked to each other via numerous casinos linking
thousands of slot machines, and the casino groups involved set the various
“win ratios” of the slots system … it’s guaranteed money for the casinos, and
it’s guaranteed losses for the people who play IN THE COLLECTIVE … but
binary options ain’t progressive slots! … you’re only ever gonna get a payout
of anywhere from 90% - 98% of your bet, there’s no “bet a dollar on a trade
and win $100K” … the biggest drawback I see from very short term
expirations, e.g. 5s and/or 15s bets, is the preponderance of moves that
happen within a fraction of a second from expiration that turn winners into
losers … that ain’t any real market that moved, it was the computer system
fucking you and taking your money! … it’s why OTC options have much
higher payout ratios than regular, normal markets … basically the house is
playing “bookie”, and in this closed system not available to outsiders
outside the brokerage house, the AI software can do whatever the fuck they
want to price to insure the house always wins … THAT VERY MUCH ISN’T
THE CASE WHEN SCALPING ANY MARKET LIKE CRYPTO OR EURUSD.
You cannot use regular m1 MT4 or MT5 charts for binary options, cuz like I said
they are NOT real markets, so real market charting is USELESS! … IQCENT
licenses a charting service like Trading View [TV] to host the feed from the
IQCENT computer center and then feeds them the streaming data that’s
generated by the “AI software” … and that’s what you can chart with on the
IQCENT PLATFORM, OR ANY OTHER HOUSES’S PLATFORM … just remember,
it ain’t real, it’s made up, so it can [and will] do anything it wants … and what it
wants is your balance! … the only drawback to thinking that scalp trades are
“quasi binary trades”, is when traders can’t or won’t take a small loss when the
buy fuel [or sell fuel in shorting] doesn’t show up as expected from an algorithm
signal … and so the breakdown of the individual trader in terms of discipline
comes back to bite him/her right in the ass … however, on the flip side, there
are times when you get long and it just keeps going higher second-after-second,
minute-after-minute, and you get a whole lot more from the trade than a PIP or
two … in essence, though, when you break it down, there are quite a few
positive similarities to binary options … I’ll have more on OTC binary options
next week from the 30s perspective, so for those interested, stay tuned.
Sometime during the week, I’ll also post to “Download Links” the XAGUSD mq4
code for support / resistance in the 4 “Risk Model” [RM] zones of volatility
… silver looks to be particularly well defined for a price explosion when gold
erupts, and with new pricing via a new HFT LP, it makes sense to include silver
as an adequate supplement to gold from a trading perspective.
Directly below, this week’s 20 Day Range MA’s for selected markets … I’ve
expanded the list to include New York session average & median for ETHUSDT,
which when it moves is right there with EURUSD FOR THE BEST MARKET TO
TRADE … PERIOD! … onto the week.
click on table to enlarge
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
