• MARKETS CHANGE, PEOPLE DON'T

    Larry Hite said, “People don't change. That is why this whole game works. In 1637, tulips in Holland traded for 5,500 florins and then crashed to 50, a 99 percent loss.

    Well, you might say, Trading was relatively new then; these people were primitive; capitalism was still in its infancy. Today we are much more sophisticated.

    So you go to 1929 and find a stock like Air Reduction which traded at a high of $233 and after the crash fell to $31, a decline of 87 percent. OK, you might say, the Roaring '20s were crazy times, but now things are surely different...”

    #SoMeeTips
    #SoMeeOriginals
    #AweSoMee
    MARKETS CHANGE, PEOPLE DON'T Larry Hite said, “People don't change. That is why this whole game works. In 1637, tulips in Holland traded for 5,500 florins and then crashed to 50, a 99 percent loss. Well, you might say, Trading was relatively new then; these people were primitive; capitalism was still in its infancy. Today we are much more sophisticated. So you go to 1929 and find a stock like Air Reduction which traded at a high of $233 and after the crash fell to $31, a decline of 87 percent. OK, you might say, the Roaring '20s were crazy times, but now things are surely different...” #SoMeeTips #SoMeeOriginals #AweSoMee
    Like
    Angry
    4
    0 Comments 0 Shares 3598 Views
  • So who do you guys think will wan this #Crypto war????? ????

    The 2 kings are fighting and the whole industry is dumping.
    These kinds of events are not really good for the industry.

    BUT I guess this will help cleanse the markets more of TOXIC leverage.

    Stay safe everyone. ????

    #SoMeeTIPS
    #SoMee
    So who do you guys think will wan this #Crypto war????? ???? The 2 kings are fighting and the whole industry is dumping. These kinds of events are not really good for the industry. BUT I guess this will help cleanse the markets more of TOXIC leverage. Stay safe everyone. ???? #SoMeeTIPS #SoMee
    Like
    Love
    Yay
    12
    1 Comments 0 Shares 2918 Views
  • That moment when you wake up and see your portfolio bleeding.????

    "Trading was easy, they say. . ."
    "Why I'm not a millionaire already?, they say. . ."

    Like any other profession or business, Trading and Investing should be taken seriously and requires determination to be successful at it.????

    #SoMeeTIPS
    #SoMee
    #AweSoMee
    That moment when you wake up and see your portfolio bleeding.???? "Trading was easy, they say. . ." "Why I'm not a millionaire already?, they say. . ." Like any other profession or business, Trading and Investing should be taken seriously and requires determination to be successful at it.???? #SoMeeTIPS #SoMee #AweSoMee
    Like
    Haha
    Wow
    10
    4 Comments 0 Shares 3107 Views
  • Keeping a macro perspective is good to keep you updated with current market conditions.

    If macro affects the sector you're in it is in your interest to keep a close eye to macro sectors.

    The way you weigh them into your decisions is embedded in your trading systems.

    #SoMeeTIPS
    #SoMee

    #Crypto #BTC #ETH #Stocks
    Keeping a macro perspective is good to keep you updated with current market conditions. If macro affects the sector you're in it is in your interest to keep a close eye to macro sectors. The way you weigh them into your decisions is embedded in your trading systems. #SoMeeTIPS #SoMee #Crypto #BTC #ETH #Stocks
    Like
    9
    2 Comments 0 Shares 3418 Views
  • Trend following is one of the most certain philosophies to deal with uncertainty.

    The only assumption of a trend following system is:

    ✅ Price persistence.

    A trend follower's only concern is to extract the most amount of profit from a valid trend.

    #SoMeeTIPS
    #SoMee
    Trend following is one of the most certain philosophies to deal with uncertainty. The only assumption of a trend following system is: ✅ Price persistence. A trend follower's only concern is to extract the most amount of profit from a valid trend. #SoMeeTIPS #SoMee
    Like
    2
    0 Comments 0 Shares 2595 Views
  • A successful #trading system can have:

    ✅ Low win rate, high risk reward
    ✅ High win rate, low risk reward

    Both methods have their valid advantages and disadvantages.
    All you should care about is #consistency of performance within your own rules.

    Consistency is always the key.????

    #SoMeeTIPS
    #SoMee
    #someeph
    A successful #trading system can have: ✅ Low win rate, high risk reward ✅ High win rate, low risk reward Both methods have their valid advantages and disadvantages. All you should care about is #consistency of performance within your own rules. Consistency is always the key.???? #SoMeeTIPS #SoMee #someeph
    Like
    Love
    6
    0 Comments 0 Shares 2853 Views