In any sophisticated game, like trading for a living, you’ve got to know the “who /
what / where / when” list of players … their strengths, their weaknesses, and how
to take advantage of them … an easy task you say? … hardly … most people got
no clue what they’re up against in trading, simply cuz they have no idea how the
game is actually played … and just like the NFL draft, pre draft selection,
everybody is a first class LIAR and looking to deceive divisional rivals … “oh,
this player is great, a sure first round pick! … really? … how come nobody picked
him then?”
The propaganda surrounding trading is vast and legendary … mainstream advice
is pure bullshit and will get your trading account destroyed … just like the
scumbag banks want it! … mainstream trading is a pure “HUSTLE” … the game
is rigged from the start, and since 2008 at a minimum, right up to now, the overt
manipulation of markets by central banks and their BFF buds the scumbag TBTF
& TBTJ banks only gets worse by the day … phantom bid / offer quotes, mystery
tick fills [a/k/a “slippage”], using variable spread pricing as a tool to fuck specs
and make it appear on the surface the market is one way, but in reality it’s
something far worse, “spoofing” orders and front running, and then having the
nerve to add on commissions … you look at this objectively, and you’d be better
off simply playing baccarat at a casino and getting free beers and a buffet … in
other words, you better know how to beat the banks [your opponent] … know
their logistics … know their games and dirty tricks … understand stop hunts
… and if you don’t do that, you got no chance of winning.
It ain’t so in crypto! … specifically Bitcoin with millions of spec players and
almost ZERO INSTITUTIONS … no scumbag banks … no worse than scumbag
central banker types … and finally … FINALLY! … a rigged FREE market WITH
PRACTICALLY NO COST TO TRADE … DO YOU UNDERSTAND THE
SIGNIFICANCE OF THIS? … this is “floor trading” without the “floor” [a/k/a a
trading pit], without any cost, without any expensive exchange membership to
buy, without government involvement to FUBAR things … only “players”
bringing money, almost as if they’re at a poker table … Bitcoin is like gold in one
very important respect … there are no “fun-durr-mentals”, ONLY FEAR & GREED
and a psychological mindset that says … “Wow, this shit can move! … and that
means plenty of FOMO & PANIC at almost every turn … and that means “market
runs” … farther and faster than you can imagine, cuz when people panic they
don’t usually fuck around but panic in haste! … understanding the “players”
and how they react and perceive chart formations while maintaining losing
positions, will yield to you plenty of profits … profits being driven by “Whales”
who understand how to drive a spec crazy by shoving price past certain
chart points.
At the end of the day, you got the “Wild, Wild West”! … only wailing, gnashing of
teeth, howls of despair from about 85% - 90%+ of the spec players, who see their
money go to the other 10% … thank you, come again! … and trust me, they will!
Quite frankly, I can’t stop laughing … over at forexlive.com, one of their stellar
analysts takes a shot at Bitcoin by saying this morning, “no market participant
likes extreme volatility, especially when it’s not tied to news” … TRANSLATION:
“I can’t make any money in this cuz it makes no sense!” … well of course not!
… not when you deny reality every day and insist everybody is on an equal
footing, cuz in Bitcoin you’re expecting the manipulators to show up and smooth
things down, just like they do in FX, and that’s what makes sense to you … talk
about not having a clue, this is it in spades! … NEWS FLASH FOR ANALYSTS [or
those who think they’re analysts]: “Bitcoin moves FREELY, without manipulation,
and it only is confusing to you cuz you don’t really know how FREE markets work
or what they’re supposed to do … you’re caught up in your “FED bubble” of
bullshit and can’t see the trading forest from the trees!”
Noon in New York, and today a perfect illustration of the criminal activity of
bullion banks … what a complete fuck job on release of 4th rate econ stats at
8:30 AM EST … buy stops AND sell stops taken out within a millisecond of each
other … $12 per OZ movement of nothing but pure pain for anybody trading this
shit … “gold is wonderful … gold trading is bullshit” … these people should be
in jail, but we all know why they aren’t … gold can move $12 on pure horseshit
in a second, but can’t move $5 over multiple hours … once they clean you out,
you got no chance to make it back … this is not a “bug”, this is a feature! … gold
hasn’t moved $3 in the last 3 hours … factor in all of the costs to trade it, PLUS
the scumbags running it, and good luck making a living trading this shit … this
is how manipulated markets work in the modern era.
Bitcoin today so far with a choppy $650 range from overnight in Asia to Noon in
New York … that chop has seen numerous bouts of panic rallies and
panic-er-er-er breaks that end up going nowhere … if you’re attempting to trade
it with a total cost approximating $35 per BTC [no matter your notional size, it’s
pro rata], you got a problem cuz like the rest of the Chumps out there paying full
retail boat, you’re asking the market to pretty please go farther than $35 on any
move so you can make 10 cents … and plenty of times it won’t do that cuz the
“Whales” and “arbs” running things know what you need and are Hellbent on
making sure you don’t get it … now you’re stuck! … we trade @ IQCENT, where
we have 1 penny spread and NO COMMISSIONS … do the math Skippy … I can
buy it one second and 2 seconds later sell it $7 higher while the rest of the world
sits and hopes … and if we do end up with only a $650 range today, which is
rather lousy for Bitcoin, when you got a cost structure like we enjoy, IT’S
BETTER THAN FLOOR TRADING WHEN THERE WERE PHYSICAL PITS! … and
the multi-hundred dollar ranges are still plenty large for us to make money … you
just have to know how!
This entire week in gold a complete nightmare … a sell side manipulated market
that can’t move … it can’t rally and it can’t break, it just sits and fucks around,
while scumbag bullion dealers chop the living shit out of anybody attempting to
trade it … in other words, they win, you lose … the natural order of things
don’tchaknow? … No trades for the PAMM today cuz it’s the same old shit,
different day with gold … it doesn’t break enough to get any decent buy signals,
and it can’t rally to bring in new buyers … but when it moves, I’ll be there.
Over in crypto land, “The Syndicate” today via shiploads of BTC trades, UP
APPROXIMATELY 0.5% … just another day at the office.
Before I leave today, I want to impart some educational trading advice for would
be full time BTC traders … 1) understand what it is you’re trading and why it
moves the way it does … 2) understand who the players are and what their M.O.
[modus operandi] is in trading … 3) don’t think, simply react … 4) don’t ever fade
the alternative trading algorithm … ever! … so much energy, time, effort, and
mathematical knowledge went into it, all of the “thinking” is already in it, thus
freeing you up to simply execute … and if by chance Bitcoin is too much for you
psychologically to handle without having a nervous breakdown, then trade
Ethereum, Ripple, or DogeCoin … they’ll give you all you want as well with the
same type of cost structure I enjoy in Bitcoin … more on this coming up in the
Sunday blog update.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment