zSpace (IPO) NEW LISTINGA tech company called zSpace priced very low inline with the types of people that like to buy low cost stock, i.e. cryptocurrency investors. As for what the company does and if the company will succeed, only time will tell.
Common
What Traders and Detectives Have in Common 📊🕵️♀️In this article, I want to talk about the interesting similarities between trading and detective work. Like detectives solve mysteries to find the truth, traders explore the market to understand patterns and make smart decisions.
1️⃣ Gathering Clues:
Both trading and detective work rely on the acquisition of timely and relevant information.
Traders stay informed about market news, economic indicators, and patterns, just as detectives gather clues from witnesses, documents, and other sources. In both cases, the quality of information directly impacts decision-making.
2️⃣ Risk Assessment:
Detectives must carefully assess risks and probabilities to navigate the unknown.
Similarly, traders must evaluate market risks, weighing potential rewards against potential losses. Just as a detective gauges the likelihood of various scenarios, a trader assesses market conditions to make calculated decisions that align with their risk tolerance.
3️⃣ Patience and Persistence:
Success in both trading and detective work demands patience and persistence.
Detectives may spend long hours sifting through evidence, and traders may patiently wait for the right market conditions. Like a detective unraveling a case, a trader must persistently analyze data and adapt strategies to changing market dynamics.
🔎 In essence, trading is a financial investigation, where observation, critical analysis, and connecting the dots play a crucial role.
As we navigate the market's complexities, let's embrace the spirit of a detective, ever vigilant and ready to uncover hidden truths that guide our decisions.
Wishing you successful trades and discoveries in your financial journey.
Did I forget any similarities? What are your thoughts?
Also, what would you like me to compare traders to next?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
BTC the Path to $8,000BTC gonna fall this your last warning. Wake up use. Your head. Ignore all the bs from media, friends, news. the world is not in a state to take bitcoin to $100k I’m sorry but it is not happening.
Common senseEvery time Trump and Pelosi flirt with this next round of stimulus the market goes up. Hasn't it already priced in the stimulus like every day it went up since stimulus talks began?
On the downside, you have these risk factors:
1. Chinese news saying China is going to ready to take Taiwan. That would put the US alliance system into question if we didn't go to war.
2. US election - stage is set for a contested election
3. Stimulus bill passing the Senate while the senate is fighting over the Supreme court nominee. For that matter, will it even pass the house?
4. No deal Brexit - time is up next Thursday
5. Covid-19 resurgence in Canada, Europe, and norther US states
6. Slowing economic improvements
7. Record debt held by individuals, corporations, and federal government
8. 3Q 2020 earnings trickling out and massive credit warnings and downgrades ahead
Alright, bulls. Let's hear it...
Voice of reason? Common sense? Where are you? IDEA to ponder.BTC to tumble, but it's going to be okay. There are some very skilled and talented TA people out there...That being said, where is the money? Where's it going to come from? I think that's a very fair question. The laws of growth demand it. BTC cannot survive on day and swing traders only - recycling and swapping capital each and every day. Some make profit, some lose, but in all of this there's no big NEW MONEY. We need capital investment, which is smart money, which will only buy at brutally low prices. Until we hit a very enticing low sparking a significant influx of money, there's not going to be anything significant happening. To say BTC is going way up at this time is misguided because most market participants are now smart and experienced/burnt/skeptical enough to know that it would be quite suspicious without first a descension to the 365 day low which would be in the $2000s range. Even I don't accept that but we have to ask, then what will it take? That may be too low, perhaps Sep 2017 levels... The people are not "buying" it anymore. So, we may very well see 4k-3k before this beauty rises once again. That would be enticing for many. And just remember: Sept 16 2017 BTC @ $3700 and by Dec 16 2017 BTC @ $19,700 = 3 months. Just absorb that for a moment...
Just a thought
Not financial or psychological advice
