Trading enthusiast,None of my tweets are financial advice,I post here to journal, discuss ideas and learn, DO NOT make financial decisions based on my tweets
How ASX works (for new investors):
US down > ASX down big!
US flat > ASX down
US up > ASX flat, down at the end of the session
US up big! > ASX up, flat at the end of the session
#Investing
There are so many great traders and investors here on Twitter, I just want to say thanks very much everyone for sharing your knowledge 🙏
You guys are awesome! 🍻🍺🥃
#HAGLW
Anyone who gets vaccinated and as a result doesn’t get sick leaves an ICU bed free for someone who needs it and potentially saves a life
Every one vaccine can save multiple lives
Trust science
Trust evidence
Trust specialsits
$VML
-Rare Earths producer
-Poking out of 1 year down trend with increased volume
-First big consolidation after the massive run in 2020
-$LYC (leader) showing a strong setup as well
So the reddit dude was up $48m on $GME when it hit $500 and apparently he hasn’t sold anything,
He either knows exactly what he is doing or has no fking idea! 😂
Australian dream vs American dream
(Have in mind that you’ll probably get shot in the first week of living in Mount Druitt so it’ll be a short lived dream 🤣)
Monthly PnL for May
+33.9k overall across 4 accounts
This was an easy month in market so good chance it`ll be down hill from here
Main improvement was not overtrading so only 30 trades for the main swing account
Also Im still very new to DT so hopefully can improve there too🙏
In theory it should be this easy:
-Buy A+ setups
-Cut losers at defined risk level
-Add to winners
-Take profit at defined reward level
-Repeat
But your brain f*cks with you and forces you to not follow the rules 😩😅
Few good habits in trading that are mentally very hard to do imo:
-Cutting losses when they are small
-Taking full profit on extended moves
-Not trading in weak or whipsaw markets
-Going in with big enough size when an A+ opportunity shows up
#notetomyself
It’s year 2045
All jobs are automated
Average human spends most of their time punting on crypto coins in metaverse
Zuckerberg is working on his new company that sends ads straight to your brain
Elon Musk is worth $28 trillion
So with ASIC trying to crack down on illegitimate influencers can anyone clarifies if posting simple charts could be problematic too?
It would be a shame if good chartists and traders stop posting because of these new rules,
Was on a road trip for past 10 days, in Melbourne my hotel was absolute sh*t, my car got towed away in an empty street and a junkie attacked me in St Kilda, are we sure this is the most liveable city in the world? 😅
I've realized recently that I have a clear psychological flaw in trading and that's the fact that I increase my risk significantly after a series of wins and as a result give back a lot of profits I`ve made,
(1/3)
Never understood people who migrate to a great country and then start fighting the very core beliefs that has made that country great,
Its like killing someone who has saved your life 🤔
There are calls for the Australian PM to resign after spending $450 million of tax payers money for a referendum during a
#costoflivingcrisis
Surprisingly, high income electorates voted yes and lower income electorates voted no as a trend.
Should the PM resign?
#Referendum2023
I think they should just close down ASX and replace it with one ticker that tracks the house prices in Sydney Eastern Suburbs, so everyone can just buy that and be in profit every day! 🤷♂️
Alright a little game:
A few names I think have a very good chance of finishing the year 20%-100%+ higher
I`ll retweet this at the end of Dec to see how many have worked 🤓
(C for Crypto)
$TSLA
$U
$SQ
$FMG
$FEX
$AGE
$BHP
$SLR
$AKE
$CPM
$FTM (C)
$HTR (C)
$DOT (C)
Anything else?
$ESS
-Gold, Lithium, Caesium, Nickel & Cobalt
-Interesting shape
-"Major drill program to target resource growth at Dome North Lithium project" (31/03 ann)
-MC $134m
TA is generally more reliable in higher cap names because there is so much money flowing in and out of stock that makes it extremely difficult for individual players to mess with the shape of natural patterns caused by mass sentiment.
Sold half my $SHIB & rolled it into $FLOKI today🤡
Expecting to become a billionaire on this
MC $990m so if it gets to where $SHIB is now thats a good 50x!
Here is a quick Fundamental analysis on this asset:
-Its a cute dog!
-Elon Musk has a dog like that!!! (very important!)
People might call me old fashioned but I still like the old model that if you commit an international fraud and steal billions of dollars you`d go to jail, rather than a public speaking event... but that`s just me 🤷♂️
#SBF_FTX
For most Australians the success in life really depends on whether they buy the right property when they are in their 20s,
Otherwise if you miss this important milestone it’ll be almost impossible to catch up! 🇦🇺