Why aren’t you rich from crypto [HODL or my favorite way, which is “trade it,
don’t date it”!] yet? … I’ll tell you why … too much FUD [fear, uncertainty, &
doubt] takes up too much space between your ears! “Oh yea, everybody, and I
do mean every living human being I meet, when they find out who I am and what
I’ve done, get “all giggly” cuz they expect me to tell ‘em in 30 seconds how to
trade and be a millionaire, and wouldn’t it be nice to live where it’s 80℉ all the
time in tropical paradise”? … and what all of ‘em miss, is that they aren’t
psychologically prepared to 1) make money trading, 2) realize that if you can
make one dollar you can make a million+ more, and 3) truly understand the
process at hand … and while they all lament the fact there’s no “guaranteed
roadmap” [bwahahaha, like that’s ever possible], when it’s time to get down to
brass tacks, none of ‘em think they can do it! … “well then, the world needs
worker bees, and you’ve found your niche”!
On the other hand, there are some people who eat FUD for breakfast and don’t
give a shit! … they’re tired of the rat race, and quite frankly, a whole shipload of
‘em are now in crypto, eyeballs deep and wondering where has this has been my
whole life … crypto makes it possible, other markets don’t, simple as that.
And don’t hand me any of that bullshit of “I don’t have any money to trade”! … got
$100 somewhere? … $100 trading crypto CONSERVATIVELY, gives you a 6 digit
trading account within 3 - 4 years! … I’m betting the ranch on the fact that if
anybody looked at your monthly expenses, they’d shit their panties seeing all of
the money that gets pissed away on garbage … amirite or amirite?! … or, do you
just sit there and dream of building an empire out of something for free, and the
world runs to it? … sure, drink some more Kool-Aid … your FUD pathway to old
age is waiting for you! … whatever you do, don’t join the crypto trader crowd, and
instead concentrate on the FUD … don’t focus on results or FACTS, listen to
Morons giving comments on ZH, where since BTC was at $50 or ETH at $12, it’s all
a scam and/or pyramid scheme … don’t bother to actually understand trading,
just “wing it” with “feelz” like most of the spec community … and quite frankly,
on behalf of myself and everybody in my immediate family, thanks for staying the
way you are, cuz without you being one of the “depositors” into markets, where
would we be?
Turning to Holiday markets … oh how utterly convenient … here comes the next
“doom & gloom”, fearmongering, the world is gonna come to an end, coming from
people who wouldn’t know the truth if it bit ‘em in the ass … of course, I’m talkin’
‘bout POLS & Apparatchiks, the truest form of a viral plague infecting mankind
… “OH NO, A NEW MUTANT FORM OF COVID”! … time to shut down everything,
put your head condom on inside your government approved space suit, and be
“jabbed” by needles for vaccines that don’t fucking work but could actually kill
you! … “when do I get my next “Stimmy” check “Taliban Joe”? … and the next
government sponsored “crisis” is now at hand, and whatever freedom you
thought you had is gonna evaporate in the wind like a squirrel fart … it’s for the
children don’tchaknow”!
Lo & behold, the world had no idea … the banks did I can assure you … and then
the press picks it up cuz they’ve been told to pick it up, and now everything
makes sense again … stocks tank, crypto hit, oil down hard, gold looks beautiful
again [especially after some tequila shots], and here we have the next
“engineered” crisis by design … interest rates go tumbling down [but, but
… dot plot increases by the FED], and in 12 short hours, everything from a
scumbag bank perspective looks mighty fine! … the rest of us, not so good
… and all of the “trend followers” aren’t having a very happy “Black Friday”.
Truth is, it’s been like this in markets forever, and very big money is ALWAYS the
winner … you not so much … it’s why over the course of my entire trading
career spanning decades I have been a “trader”, and why I vastly prefer scalping
to any other form of trading, simply cuz you’re immune to getting caught in any
of this shit when it shows up.
I’ll turn first to gold … I get up and see my screen, and my first reaction is, “WTF is
this shit? … c’mon guys, really?” … and then I see other markets and know before
I read the news that something has happened overnight … and here comes the
next prearranged crisis, right on cue … and I’m left with the lingering thought all
day long, “is this all gold’s got”? … down 8 of the last 9 trading days, surely there
is pent up “buy fuel” waiting to explode … and given this news, the Chuckleheads
bite in late Asia and here we go … $20 something bucks is all ya got? … if there
ever was a day gold should be up $50+, this is it … and now, as we head towards
the shortened Holiday close, gold is about “UNCH-ED” on the day, losing all of the
gains since the sun came up in New York … huh? … no shit huh, cuz it shows you
how few people trust gold to keep up, and how few are trading it … they’re all over
in crypto getting slaughtered today!
Volumes thin, liquidity almost non-existent, and the “C-” teams manning the
trading desks of banks, and you got yourself a Grade A Clusterfark of market
conditions … the trading algorithm not giving ANY BUY SIGNALS up to about the
last hour on the “Thelma & Louise” meltdown to about 1782 … and given the time
constraints to the close, no way am I taking this signal and getting caught into the
close … remember, this is a day where gold is supposed to have about a $5 range,
nobody cares, time to eat more turkey leftovers and watch football on TV
… instead, this news bomb gets dropped right at the most inopportune time as far
as markets are concerned … nobody around, people stuck, exacerbated moves,
panic everywhere, liquidity a joke, and a shortened Friday close … the ChiComs
may be dirtbag communists, but they understand how capitalistic markets work
better than the so called capitalists!
Quite frankly, given the news and the conditions, and gold’s adverse reaction, this
isn’t a day I want to get long … I’ll pick it up again Sunday night … no trades today
for the Turnkey PAMM.
Simply a bloodbath in crypto … when panic hits markets, everything gets sold,
even the “good” positions that are up money … sell first, ask questions later
… no trades today in crypto either, not cuz there weren’t signals, cuz there were,
but the trading action was simply too F-ing crazy for even crypto! … and when I
don’t have the advantage in a trade, I don’t do the trade … period. Back at it on
Monday!
Blog update on Sunday … outta here … “the future’s so bright, I need
sunglasses! 😎 … Onward & Upward!!
-vegas
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