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Forex Trading Strategies Reddit: What you need to know to start Forex trading.

Forex Trading Strategies Reddit: What you need to know to start Forex trading.

FOREX Strategies

What are FOREX Strategies?
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You may have noticed that most of people confuse the terminology and refer to FOREX Strategies in the wrong way. There are methodologies, systems, strategies, and techniques. The most effective methodology is Price Language (Trend Tracking). Combined with a correct reading of mass psychology presented by the charts.
We know that in the Stock Markets there are thousands of strategies. FOREX, like the rest of the markets, presents you with the opportunity to apply similar strategies to win consistently. Taking advantage of repetitive psychological patterns.
First, the Price Language methodology has created great fortunes in FOREX, and the next fortune may be yours. But this methodology must be implemented within a framework of advanced concepts of Markets. Without forgetting the basics. And working hard day by day.
Second, a strategy is a set of parameters and techniques that together give you the advantage to act in any situation. Thus for example in war, generals have attack strategies and counterattack strategies.
FOREX strategies alike are entry strategies and exit strategies. All beginners should know these FOREX strategies for beginners. That way you will get a general idea of ​​the game and understand that trading is a war against the Market and its Specialists. Only applying FOREX strategies revealed by the same Specialists and using their own techniques,
... you can survive in this war.
Do not fall into the trap of the many "systems" and "methods" that are offered on the internet about operating in the FOREX Market. They just don't work in the long run. They are strategies based on indicators for the most part. Using rigid parameters. That if they can work and give profitability during a certain period of time, they will always reach a breaking point when the market changes its dynamics.
Instead, take advantage of your precious time and learn the Language of Price or Price Action.
The Language methodology will allow you to adapt to each new phase of the Market. If you combine this knowledge with the appropriate psychological concepts, you can live comfortably from speculation in FOREX.

Forex Trading Strategies Reddit - Basic FOREX Strategies

You have two basic FOREX strategies, one entry, and one exit. Both follow a general strategy that helps you capitalize on the collective behaviors of the Market. That is, of the total of participating speculators.
This behavior causes the formation of cycles that repeat over and over again. Driven by the basic emotions (uncertainty, greed, and panic) of the speculators involved that can be taken advantage of with the aforementioned FOREX strategies. Specialists identify these emotions in the order flow and capitalize on these events every hour, every day, and every month.
Basic FOREX Strategies - The Price Cycle
These repetitive cycles consist of 4 phases:
  1. Accumulation
  2. Upward trend
  3. Distribution
  4. Downward trend
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The two trends can be easily identified by their notorious breakdown. And the two areas of uncertainty (accumulation and distribution), due to their notorious range trajectories.
This general behavior determines the core of our FOREX strategies.
You buy when the price of a pair has broken and has come out of one of its congestion formations (accumulation or distribution). You implement one of the Forex strategies, in this case, the entry one.
The multi-time technique will help you find the point of least risk when entering your initial buy or sell order. In the same way and using the same strategy but this time to close your position, the multiple timing technique will also show you how to close your operation obtaining the highest possible profit.
The most consistent way to extract profits in the market is by trading the start of trends within a cycle . Once confirmed by their respective breaks from the areas of uncertainty. This is the mother of all FOREX strategies . And in a market that operates 24 hours, we have more frequent cycles and therefore more opportunities.

Forex Trading Strategies Reddit - Advanced Forex Strategies

There are many advanced FOREX strategies that are generally used by professional speculators working for large financial firms.
Among these firms are banks, Investment Fund managers and Hedge Fund managers. The latter is an investment modality similar to Investment Funds, with the difference that Hedge Funds use more complex investment strategies. Its operations are more oriented to aggressive speculations in the short and medium-term.
Among the most common strategies is hedging (hedging), carry trade, automated systems based on quantum mathematics. And a large number of combinations between the different option strategies.

The Carry Trade

The central idea of ​​Carry Trade is to buy a pair in which the base currency has a considerably higher interest rate than the quoted currency. To earn the difference in rates regardless of whether the price of the pair rises or falls.
Suppose we buy a $ 100,000 lot of AUDJPY, which according to the rates on the chart would turn out to be the ideal instrument in this example to use the Forex carry trade strategy.
As our capital is in US dollars we have to assume for our example, the following quotes necessary to perform the place calculations:
AUD / JPY = 80.00 USD / JPY = 85.00
What happens internally in your broker is this.
  1. By placing as collateral $ 1,000 of your $ 50,000 of capital (assumed for this example), deposited in your account, you have access to $ 100,000 virtual (this is what is known as leverage); that is, you put in $ 1,000 and your broker lends you 99,000.
  2. With those $ 100,000 virtual dollars, your broker borrows on your behalf ¥ 8,500,000 Japanese yen (85 × 100,000) at 0.1% annual interest from a Japanese bank.
  3. With those ¥ 8,500,000 Japanese yen, your broker buys A $ 106,250 Australian dollars (8,500,000 / 80) and deposits it in an Australian bank where it receives 4.5% annual interest on your behalf.
  4. One year later (and regardless of the profit or loss generated by the pair's movement), your profit will be the difference between the AUD rate and the JPY rate, that is:
Profit = (AUD rate) - (JPY rate) - (costs of the 2 currency exchanges) Profit = (4.5%) - (0.1%) - (0.1% to 1%)
The great advantage of carry trade FOREX strategies is that this percentage profit is applied to the $ 100,000 of the standard lot; the broker transfers all of the profit to you, even if you only contributed $ 1,000. On the other hand, if you carry out the inverse of this operation, this benefit of the Forex carry trade becomes a cost (swap), and you assume it completely.
Remember that FOREX carry trade strategies are recommended for pairs with considerable interest rate differences, such as the one we have just seen in our example.
These FOREX strategies should also not be used in isolation. The idea is that through technical analysis you identify when would be the ideal time to enter the market using your carry trade Forex strategy and multiply your profits considerably.

What FOREX Strategies Do Hedge Funds Use?

The FOREX strategies used by large fund managers do not constitute an advantage in terms of percentage results for them, nor do they constitute a competitive disadvantage for you.
The vast majority of them fail because of their big egos. In fact, there was a firm made up of great financial geniuses, including 2 winners of the Nobel Prize in Economics, who developed a strategy based on quantum mathematical calculations.
With an initial base capital of about 3 billion dollars, and after 3 successful years obtaining annual returns of over 40%, the firm Long-Term Capital Management, begins its fourth year with losses. To counteract these losses the geniuses decide to multiply the initial capital several times, while the losses continued.
The year closed with the bankruptcy of the fund, and with a total accumulated loss of 1 trillion dollars, due to the great leverage used. And all for not admitting that the FOREX Strategies of Long Term Capital Management were not in line with the dynamics of the Market.
There are an overwhelming number of opportunities in the stock markets to make money interpreting the Language of Price.
You don't need to use complex "advanced" strategies that have been created to handle hundreds or billions of dollars.
The reasons for using these FOREX strategies are very different from what a "retail trader" pursues with his small speculation business.
As you can see, you should not worry about wanting to integrate any of these advanced strategies into your arsenal. They are only beneficial for managing hundreds or billions of dollars, where the return parameters are very different when you handle small amounts of capital.
Do not worry about collecting hundreds of free FOREX strategies that circulate on the internet, that great accumulation of mediocre information will only serve to confuse you and waste your valuable time.
Spend that time learning Price Action,
… And you will always be one step behind the Specialists, identifying each new Market condition, and anticipating the vast majority of reversals of all prices.
Ironically, the most successful fund managers indicate that their most profitable trades are those based on the basic trend-following strategies of the Price Language. The same ones that you will learn in this Free Course.
Dedicate yourself to perfecting them and believe me you won't need anything else. As long as you have good risk management, taking into consideration the following points ...

Styles of Investments in FOREX

The Investment FOREX long term is not recommended for small investors like you and me. If we take into account the term investing literally as large investors do who buy a financial product today to sell it years later.
We both have a better niche in the short and medium-term.
You may have noticed that the big multi-year trends in the Forex Market do exist. But minor swings within a big trend are usually very wide.
These minor movements allow us to easily double and triple the annual return of the big general trend, motivating most traders to speculate in the short and medium-term.
These minor oscillations or trends that occur within the large multi-year trends owe their occurrence mainly to two reasons.
First, the FOREX Market presents 3 sessions a day each in different cities of the world with different time zones (Asia, Europe, and America). This causes more frequent trend changes than in the rest of the stock markets.
Second, the purpose for which it was created also plays a role. The modern Foreign Exchange Market, since its inception in 1972, was conceived by the global financial system as a tool for speculation. To obtain benefits in the short and medium-term (from several days to 1 year).
These two points are basically the reasons why we observe the immense speed with which the FOREX market changes trends.
For example, for those who live in America, in the early morning (Europe) the EURUSD pair may be on the rise, in the morning or afternoon (America) it may be down, and then finally at night (Asia) it may return to the rise.

Define your Own Style for your FOREX Investments

One of the first decisions you will have to make is to choose your style as a trader or investor.
There are 4 types of well-defined styles.
Most professional traders tend to have multiple styles, although they always identify with one primary style for their FOREX investments. Study the characteristics of the 4 main styles to make your investments in FOREX :
1. Long Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per month to their investments in Forex. The period of an open position ranges from 1 year to 5 years.
2. Medium Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per week to their investments in Forex. The period of an open position ranges from 1 month to 1 year.
3. Short Term: recommended for anyone who is going to enter the market for the first time, or who already has a certain time operating in the long and medium-term, showing constant profits, and who can dedicate a minimum of one hour per day to your investments in FOREX. The period of an open position ranges from 1 day to 1 month.
4. Intraday : recommended only for people with a fairly solid earnings record in the short term, and with a capital greater than $ 50,000. As we have noted, this option constitutes a full-time job.
People who start investing in FOREX , should start executing short-term (weeks) and medium-term (months) transactions only, and not pay attention to intraday oscillations (day trading).
If you are interested in being an intraday speculator, I recommend that you first exhaust at least a year doing operations in the short and medium-term to assimilate the correct strategies and to develop the necessary mentality to carry out this work.
The second option would be to participate in some kind of intensive training.
I remind you that self-educating is almost impossible in speculation. You are likely to accumulate a lot of knowledge by reading books and attending courses. But you will probably never learn to make money with all the incomplete "systems" circulating on the internet.

Mistakes to Avoid When Looking for Your Style

Many people who are new to FOREX investments make the mistake of combining these styles, which is a key to failure.
I recommend that if you are not getting the results you expected by adopting one of these styles, do not try to change it. The problem sure is not in the style, but in your strategies or in your psychology.
A successful investor is able to make a profit in any longer trading time than he is used to. I explain. If you are already a profitable operator in the short term, it is very likely that you will also be profitable in the medium and long term,
… As long as you can interpret the Language of Price or Price Action.
In the opposite case, the same would not happen. If you were a medium-term trader, you would need time to adjust to the intraday. The reality is that long, medium and short term traders have very similar personalities. The intraday trader is completely different.

The Myth of the Intraday in Investments in FOREX

If you are already successful in the short, medium and long term, you will notice that the sacrifice and the hours necessary in front of the computer to operate intraday is much greater. The intraday style will be useful to increase your account if it is less than USD $ 100,000 in a very short time in exchange for 8 to 12 hours a day of hard work but ...
You must first develop the necessary skills to operate the intraday.
The ideal is to combine all the styles to get more out of the Market and carry out more effective transactions and have a diversification in your investments in FOREX.
There are intraday traders that are very successful, but the reality is that there are very few in the world that make a profit year after year. If you want to become an intraday, you just have to prepare yourself properly through intensive training.
Otherwise, I recommend that you don't even think about educating yourself to adopt the intraday style. It is not necessary to go against a probability of failure greater than 99%. Unless
... your ego is greater than your common sense.
The main reason why this style of investments in FOREX is not recommended for the vast majority of us "retail investors" (the official term "retail traders"), is the high operational cost.
The real commissions in this market range between $ 2.0 and $ 2.50 for each lot of 100,000 virtual units. This means that a complete operation (opening and closing) is approximately $ 5.00, for each standard lot traded ($ 100,000 virtual).
Another fundamental reason is the advent of robotic traders (HFT = High-Frequency Trading), which tend to manipulate the market in the shorter intraday swings. Please do not confuse HFTs with automated systems that we find daily on the internet, and that can be purchased for a few hundred dollars and often for free on FOREX forums / groups.
These HFTs to which I refer, they are effective. They cost millions of dollars and have been developed by the large Wall Street financial firms to manage their investments in FOREX.
The reality of the intraday trader is that you execute orders for large lots at the same time, to profit from the smallest movements in the market. It is an activity based on reflexes. The slightest oversight or distraction can turn into a catastrophe for your FOREX investments.
I recommend that you start investing in FOREX using slow time periods such as H4 or Daily. For some reason, all Goldman Sachs intraday FOREX investments are made with algorithms.

Finally…

To choose your style as a trader and manage your investments in FOREX, first determine what your degree of experience is, analyze the points mentioned below and the rest you will discover when you execute your first operations.
The points that will affect your decision are:
  • Capital
  • Time available each day
  • Level of Experience
  • Personality
Discovering your style is a search process. For some it will be a long way to find the right time frame that matches their personality. Don't be put off by the falls. After all, those who continue the path despite the falls are the ones who reach the destination.
And I hope you are one of those who get up over and over again. The next lesson will boost your confidence when you discover the main reason that moves currencies ...

Fundamental Analysis in Forex Trading Reddit

The fundamental analysis in Forex is used mostly by long-term investors. Players as we saw in the styles of operators, start a negotiation today, to close it years later.
I always emphasize the importance that the mass media give to this type of analysis to distract the great mass of participants.
It is all part of a great mass psychological manipulation. For centuries the ignorance of the masses has been organized before the great movements begin.
The important news are the macroeconomic reports published by the Central Banks and other government agencies destined for this work. All reports are made up. 99% of them are corrected months later.
These events are tools to justify fundamental analysis and price cleaning movements. Any silly headline does the job. With this, it is possible to absorb most of the existing liquidity, before the new trend phase is projected.

Reaction!

Except in rare situations, the result of an economic report of the fundamental analysis is generally already assimilated in the graph. In most cases, there are financial institutions that already have access to this information and are organizing and carrying out their operations in advance.
The phrase buy the rumor and sell the news is a very old adage on Wall Street. And its meaning contains what we have just explained. For the investor who can interpret the Language of Price, fundamental analysis is of little importance. Well, in general, their disclosure does not indicate that you have to take any action in your open trades , as long as your entry strategy provides you with a good support cushion.
This reality of fundamental analysis causes a lot of confusion for investors who lack in-depth knowledge of the forex market.

Macroeconomic Data

The data published in these events is irrelevant. Both for speculators and for the people in general. They are false. They lack reliability.
The price can go up or down with the same result of the data. The main ones are:
- Interest Rates - GDP (gross domestic product) - CPI (inflation) - ISM (manufacturing index) - NFP (payroll) - Double Deficits (deficit = fiscal + balance of payments)
If you are initiated, I recommend you avoid operating near these events. It is only a matter of having the time pending. Use the economic calendar for Fundamental Analysis of Forex Factory.
There is a probabilistic advantage in operating these fundamental analysis events. But it takes preparation, experience, and practice. They represent a way of diversifying in the general operation of a speculator.

The Uncertainty of Fundamental Analysis

On many occasions after the disclosure of an economic report, the price movement of the currency pair that is going to be affected tends to move in the opposite direction to the logic of the report.
I show you an example of a fundamental analysis report. Imagine that the EUR / USD pair is trading at 1.2500, and the FED (US Federal Reserve) issues a statement announcing that it has just raised inter-bank interest rates from 0.25 points to 0.75 points. Very positive news for the US dollar that logically implies an appreciation of the currency and consequently an instantaneous collapse of the EUR / USD pair (up the dollar and down the euro)
However, minutes after the release of said fundamental analysis report, the pair after effectively collapsing to 1.2400, returns and returns to its levels prior to the report (1.2500). This situation is very common , but it is not so easy to identify it when it is occurring, but after the damage is done.
Traps like these devour the accounts of beginners who approach the market with little experience, with weak strategies, and especially with very little experience.
That is why I reiterate that you forget the fundamental analysis for now. Just keep in mind when operating, that there is no publication scheduled nearby. Just check the economic calendar for the day and forget about the numbers. Let the economists mess around with the data.

FOREX Market Correlation

The Forex market correlation exists between pairs with similar "base" currencies and not always under the same circumstances. The correlation in the Forex market that is most followed and that has the greatest impact on fundamental analysis is that of the US dollar (USD).
The USD is the most traded monetary unit with a volume greater than 80% with respect to the rest of the currencies. This fact determines why their correlation is the most important, the most followed, and perhaps the only one worth following in the fundamental macro analysis.
The 7 major pairs are usually in sync . These 7 pairs all include the USD and present a fundamental analysis correlation almost 75% of the time. Influencing the rest of the currency pairs.

Advantages of the FOREX Market Correlation

In the fundamental analysis the most basic FOREX correlation is the following. When the USD appreciates, the USD / CAD, USD / CHF, and USD / JPY pairs tend to go up in price. This indicates that the Canadian dollar (CAD), the Swiss franc (CHF), and the Japanese yen (JPY) are losing value against the USD.
We must bear in mind that this correlation does not occur 100% of the time. In fact, the JPY generally tends to move in the opposite direction , since in recent decades this currency has been used as a source of financing to invest in other financial instruments.
On the other side is the FOREX market correlation that generates a movement almost in unison in the other 4 major pairs EUR / USD, GBP / USD, AUD / USD, and NZD / USD. These tend to fall in price, homologous the appreciation of the USD. But not always.
In this case the fundamental analysis correlation works most of the time, between 65 and 85% of the time. Small differences are noted in the extent that each of these pairs experiences.
There is also a correlation in the secondary FOREX market, where the pairs of all currencies that do not include the USD participate, but I recommend you not to waste time on them for now. There are more important things about the Language of Price to know first.

FOREX Commodity Correlation

In this part I will explain to you in a basic way the Correlation Commodities - FOREX of the fundamental analysis.
There are three currencies that have a direct correlation with commodities. They are usually called: "COMDOLLS" which is short for "Commodities Dollars" (Commodities Dollars), since all three obey the dollar denomination. These are:
- The New Zealand Dollar (NZD) - The Australian Dollar (AUD) - The Canadian Dollar (CAD)
These three currencies make up the group of the 8 largest together with the euro, the pound, the yen, the franc and the US dollar. Together, they merge to produce the major pairs traded in the FOREX Foreign Exchange Market.
The FOREX Commodity Correlation has an affinity in most cases greater than 75%. And each of them has its different raw material of correlation. You will notice that the NZD and the AUD are two currencies that act practically in unison. Both present minimal discrepancies in their fluctuations in the short, medium and long term.
This is mainly because their economies are very similar and their economic and fiscal policies are too. Their main production items also show great similarities, despite the fact that the Australian economy is much larger than the New Zealand economy.
The raw materials that follow the movement of the AUD are mainly gold and copper. If you put the history of these three quotes during the last decade of the year 2,000 together on the same chart, you will notice a very similar upward movement between the three quotes. Pure correlation of fundamental analysis.
This strong correlation with commodities in the metals area for the AUD has provided Australia with an economic advantage enviable over the other major powers that have seen their currencies devalue sharply against the AUD. At the same time, they experience a constant decrease in the purchasing power of their citizens.
The NZD maintains a correlation with raw materials related to agriculture and livestock, mainly including milk and its derivatives. It is one of the countries that dominates the world export of these economic items, and also has important exports of metals , although in smaller quantities than Australia.
Finally, you have a correlation with raw materials in the energy area. For historical reasons the CAD, which is not the largest oil producer in the world, but an important supplier to the largest consumer that is the US, has seen its currency oscillate in line with oil prices.
To make long-term investments in the Foreign Exchange Market, it is necessary to take into consideration at least one Commodity Correlation - FOREX in your fundamental analysis.

Forex Technical Analysis Reddit

The technical analysis is the methodology that interprets the movements of the price. Specialists look for liquidity to fund their business. The repetition of the strategies used by the specialists in their work generate repetitive patterns.
If you were an analyst, you would develop the visual ability to identify such patterns on a graph. If you were a programmer you would quantify them mathematically using complex formulas.
And if you could learn to interpret the Language of Price, you would have the ability to anticipate 90% of all movements that occur on a chart. And in this business, anticipating is what will make you money.
Market prices are reflected and framed on a horizontal time axis and a vertical price axis. Prices go up or down according to the aggressiveness of the participating operators. In an efficient or balanced market these oscillations should be imperceptible.
But in reality this is not the case, since the Market works thanks to the digital printing of hundreds of billions of units of paper money systematically distributed by the Central Banks through the banking system. These resources serve as a tool to manipulate 100% of the movements that occur in the FOREX Market.
Are you looking for Technical Indicators? All technical indicators were created from the 70's. How do you think that for more than 200 years the speculators of the past accumulated great wealth?
With the Language of Price. The best timing is given by the price itself. Indicator-generated entry signals usually occur at the wrong time.
The basis of technical analysis is human psychology. Unfortunately, human beings are not perfect and are loaded with emotions that dominate their behavior in similar situations, creating repetitive and highly predictable behavior when it occurs in masses.
The study of technical analysis through indicators and subjective training, originates and shapes the collective thinking on which all the traps that specialists execute every day to maintain their business are designed. If the majority won, the Market would cease to exist.
Although you already know that the patterns are not generated by the masses , but the repetitive behavior of the Specialists in the face of the action response of the masses. It is very easy for speculaists, because they can see everyone's orders in their books.
And they also exert a great influence on the decisions of the masses through the mass media. It is what I call the war between the Egg and the Stone , if you hit me you win and if I hit you also you win.

The Deception of Modern Technical Analysis

Through the centuries thousands of people have been able to extract great benefits from the financial markets by applying the basic strategies of technical analysis and the psychology of the Price Language.
More than 200 years ago when the markets began to operate officially, fundamental analysis predominated, which was only used by large financial institutions. As this analysis tool began to become popular, these institutions began to apply the strategies of technical analysis.
In recent decades and with the massification of internet technology, technical analysis has begun to be handled by anyone who has a computer with internet access. The same financial institutions, which have been present for more than a century and as a result of this overcrowding , establish a strategy to confuse and misinform about the true strategies of technical analysis.
This has been accomplished in the following manner. Currently there are hundreds, if not thousands of technical indicators that have been developed by so-called "gurus" of technical analysis and that sell their magic indicators packed in a "system" or "method" that usually cost thousands of dollars, or simply with the publication of a book with which they generate large profits. Double benefit.
The aim is to confuse the initiates in speculation and create the collective mentality that will originate the same behaviors over and over again. About 95% of these new entrants completely lose all the capital they invest in their early stages as investors.
Leaving them with a negative experience and creating the idea and the image that financial markets are an exclusive area for geniuses with high academic levels and that only they can produce returns in the markets year after year.
The initiate, having lost all his original capital, turns to these “gurus” for help and teachings. You spend more capital on the products they offer you and the cycle repeats itself . Obviously, the vast majority do not relapse and completely forget to re-engage in the stock markets.
I hope you have not been a victim of this drama.
Now I will show you the simplicity of a FOREX technical analysis , without the need to resort to any indicator as a tool to determine an effective entry or exit strategy when planning your operations.

The Price Cycle

Previously you studied in the FOREX strategies lesson, that the typical price cycle when it is reflected in a graph, presents four very specific phases and very easy to identify if you perform a technical analysis with common sense . These are:
  • Accumulation
  • Bullish trend
  • Distribution
  • Bearish trend
Remember also that the most effective way to constantly extract profits in the markets is by taking advantage of phases 2 and 4 (the trends). Combined with a correct reading of the collective behavior of the masses of speculators interpreting the Language of Price.
You will be surprised by the simplicity with which thousands of people around the world and over the centuries have accumulated large sums of money by drawing a few simple lines and applying responsible risk management with their capital.

How to Identify Trends?

Being able to determine the trend phases within the price cycle is the essence of technical analysis since it is these two phases that provide you with the probabilistic advantage you need to operate in the markets and obtain constant returns.
In the most plain and simple language, in the world of technical analysis, there are only two types of formations: trends and ranges.
The trends, in turn, can be bullish if they go up, or bearish if they go down. The ranges, on the other hand, can be accumulation if they are at the beginning of the cycle, or distribution if they are in the high part of the cycle. As I had indicated in the topic of FOREX strategies when describing the price cycle.
This sounds more like a play on words, but I will show you the practical definition to simplify your life and then you will apply these definitions on the graph so that everything makes more sense to you.
  • Bullish trend: a succession of major highs and major lows
  • Bearish trend: a succession of minor highs and minor lows
  • Floor Range: equal highs and varied lows
  • Ceiling Range: equal minimums and varied maximums
https://preview.redd.it/vvmsshf0guv51.png?width=600&format=png&auto=webp&s=c321679a7dcc03f7184778be86379ef442fddf91
Some key points from the graph:
  • The start of this big uptrend was detected when the last high (thick green line) of the previous downtrend was broken to the upside, ending the succession of lower highs, while exiting the lateral floor formation.
  • The succession of major lows in the uptrend (thin blue lines)
  • The succession of major highs in the uptrend (thin green lines)
  • The end of the uptrend was detected when the last low (thick blue line) of the uptrend was broken to the downside, ending the succession of higher lows, while exiting the lateral ceiling formation.
A tool that will help you sharpen your technical eye and identify trends on the chart is the Currency Scanner. This application is very effective and will provide you with a much-needed boost in your operations to identify reliable trends. At first, we are not sure how reliable a trend is. You will receive great help to find opportunities with the Currency Scanner .

The Common Sense, The Less Common of Senses

The central idea of ​​technical analysis consists in determining the price situation of a market, that is, in which phase of the pattern of its cycle it is currently conjugated with the collective thinking of the masses and the possible traps that the market would have prepared to remove. the capital at stake by the public.
To carry out a precise technical analysis, you will use the support and resistance lines, which can be static (horizontal) or dynamic (projecting an angle with respect to the horizontal axis).
Your common sense prevails here.
If you show a 10-year-old a chart, they will be able to tell you if the price is going up or down. You will most likely have no idea how to draw the lines, but you will be able to establish the general trend. Simply using your common sense.
By introducing indicators and other gadgets , the simplicity and effectiveness of the technical analysis created by your common sense evaporates.
The following graph conceptually shows you all the possible situations in which you could draw these lines to carry out your technical analysis of the place. You can clearly observe a downtrend delimited by its dynamic trend line and an uptrend on the right side with its respective dynamic delimitation.
https://preview.redd.it/5iehg0r6guv51.png?width=500&format=png&auto=webp&s=84c265a5d35da7ea970792c4bf40fe20b33bd8bd

Forex Charts Analysis

I want to remind you that the formations or patterns that develop on the charts (triangles, wedges, pennants, boxes, etc.) only work to execute trades that have initially been confirmed by the static support and resistance lines and to read the collective thinking of the masses.
Chart formations work, but you must know the Language of Price to determine when the Specialists will exploit a chartist figure, or when they will allow it to run. In fact, you will learn with the Language that you can operate a chart figure in any direction.
Much of the "mentalization" that the masses receive is to believe that the figures are made to be respected. Which is an inefficient way of working. Simply because you could wait days or months for a perfect chart figure to occur in order to perform a reliable trade. When in fact there are dozens every day.

Japanese Candles

Of all the tools you have to carry out technical analysis, perhaps the best known and most popular is the Japanese technique of candles (candlesticks).
Candles are mainly used to identify reversal points on the chart without resorting to confirmation of horizontal trend lines and only using a previous bar or candle breaks.
Its correct use is subject to a multi-time analysis (multiple temporalities) and a general evaluation of the context proposed by the market in general at the time of each scenario.
Later I will show you all the important details to take into account so that you use Japanese candles in a simple and very effective way.
Do not forget ... Trading in your beginnings based on formations (chartism) and candlestick patterns conjugated with hundreds of tools and technical indicators, constitutes the perfect path to your failure. Before using any strategy or technique I recommend you focus on learning the Price Language, which includes 3 basic things:
  • The Price: structure and dynamics
  • Market sentiment: relative strength, external shocks, etc.
  • Psychology: flexible mindset and risk acceptance
After you acquire this solid foundation, I guarantee that you will be able to trade any trading system that exists, any strategy, technique or chart figure in a profitable and consistent manner.
Specialists make money every day at the expense of the collective behavior caused by the use of these strategies and techniques. With which you will only manage to lose your capital and your time by putting the cart in front of the horse.
People who do the opposite, at best become,
... Philosophers of Speculation, or indocile Robot Assistants or Expert Advisors.
To make money in any market condition, range or trend, you must use the technical analysis based on the Price Language and combine it with a correct psychological reading of the price. This knowledge can only be acquired through proper education and lots of supervised practice. Like any other career in life.
I hope you've found this guide helpful!
submitted by kayakero to makemoneyforexreddit [link] [comments]

King Bond Market Long $TLT, Bear Oil Fossil Fools and thus almost every sector ETF, selling a put of 5G companies

From the $BLK DD guy that rolled into $XLF last month. I am currently long $SLV, $GLD, $GDX, and $GDXJ with call spreads, shares, and just pruned $AMZN and $AAPL gains but keeping $ARKF, $ARKQ, and $ARKK (ETFs with $TSLA as the largest holding.)
Today, Friday's CNBC "Options Action" has just dangled calls on the $TLT, the ETF that tracks the 20+ year *BOND PRICES move inverse to yields and the Fed would not mind rates to hit 0% to spark inflation.* I concur with CNBC who suggested buying August dated call spreads on $TLT.
My $XLE long dated puts have been melting up. I am short every sector ETF but $IBB and $XLV. Be careful as these options are not as liquid as the $QQQ or $SPY but I cannot help that sectors are moving down when oil is down.
The VIX is holding steady, steady high. I am not hedging with the $VIX when stay home stonks work- the $VIX is broken imao so use $GLD, $SLV, and $TLT because bond rates are going to 0% (meaning the price goes up.)
I also concur with CNBC that options are the best way to play a market by reducing risk like selling a put. There are risky options, and very safe options if you can own 100 shares (the company could be $DTEGY Deutsche Telekom AKA T-Mobile/Sprint and the bringer of 5G eventually, pick your poison.)
I suggest selling a put for some good companies with solid balance sheets, 5G capabilities, and anything auto in the green space to get 100 shares of companies (see the next paragraph.)
My suggestions for getting 100 shares at a cheaper price would be Ericsson (trading under $10,) Dell or VMWare (you pick the one that matches your risk,) NIO (trading below $10), $NOK at $4 is interesting, and for big rollers Amazon (if you have the $ to own 100 shares at $2,500 or $250,000 or less, I would but that is for wsb) That is, if Amazon retests $2,500. I suggest 100 shares of $SHLL for YOLO if this bores you as this is the best $SPAC (but there is probably other ones because management is all you have with blank check companies.)
AFTER you own 100 shares of $AAL or $TSM or Dell or whatever, you can dump the 100 shares anytime. I suggest you keep them and sell options and join the theta gang. Why not get paid for owning your 100 shares of $TSM [Taiwan Semiconductor, the company onshoring manufacturing to America] you got at $45? $TSM August 21 $45p is $.35. If you had 100 shares of $TSM today, selling a $60c gives you $140 just for holding the shares until August 21st.
Bullish on onshoring green jobs because Trump leaving office is the biggest buy after the news ever. (Buy on the rumor sell on the news but in reverse because solar employs more than fossil fools in TX pre COVIDcession.)
For examples of selling a put: $AAL Nov 20th $2 puts are $0.14 (You are agreeing to buy 100 shares of $AAL at $2/share before or on November 20th, if you are not asked to buy $AAL you keep your $0.14 collateral and the full $14 credit.)
A shorter dated long put $AAL Aug 21st put is $0.09 ($9.) Or you could buy the death puts on $AAL but JPow exists, hence zombie companies, like Hertz, so that is just blowing money. $AAL has the highest %age interest on their debt and the CLOs (their bond insurance) were the highest, I have to check again ($AAL is the worst, but not as bad as $HTZ, a worthless zombie stock.)
*BOND prices move inverse to yields so going from 0.5% to 0% makes the price go up* Zombie companies with balance sheet nightmares is what keeps bond prices upper bound at 0.8 but lower bound is 0%.
Worthless zombie stocks include banks, fossil fools, and then by default industrials, and I hate to say that I am only long $XLK and thinking of $IBB. Every day that oil is not above $35 or in the green or both is a day stonks tank. Every stonk will fall after earnings. Short individual stonks going into earnings, wait- all stonks have cancelled earnings. See why I think maximum protection by not going long the VIX but long gold, silver, even transition phase metals, copper, and BONDS.
$NEM, $GLDI, $SLVP, $HL, $SAND, $SA, $GLTR, $PALL, $SPPP, $SSRM, $BTG , $PPLT, $PLTM, $NUGT, $BAR, $FNV all up today [I also have $GLNCY, $SBSW, and $PLG.] Why own these when you can just long $GDX and $GDXJ?
I do think rates will remain positive, until they are not positive anymore, AKA Japan and Europe :). What BOND fund would you long or short and why, besides $TLT? If a 100 year bond comes out, the interest rate will be 0% anyways in the long run, but we are dead in the long run, so long live bonds until we decarbonize the economy, tax the rich, and pigs fly (not happening fast enough.) Ray Dalio and many others have been harping about this, and a broken clock is right twice a day, or a bear is right when we are in a bear market with a broken VIX.
The bond market is king compared to the stonk market in sheer $. And ForEx trades trillions a day and is important (on days the $DXY, the basket of the dollar versus the globe) goes up $GLD should ease and is a time to buy the dip, and on days the $DXY goes down $GLD will gap up during this "bear oil/hospitality/planes" market.) When the $DXY goes down, it takes more dollars to buy the gold/silvecoppematerials, and $GLD rises and is very liquid for options. Thinking August to add to my Dec 31st $160c. That is, unless we are going to allow millions to go into poverty, so then just buy guns and physical gold and we can trade scraps of silver.
Fossil fools, the slow pace of massive renewable energy projects, and both candidates tripping overthemselves to be more anti-China during global warming and upcoming food inflation spell the need risk reduction (if you plan on holding equities please buy puts to hedge.)
TL;DR $TLT August call spreads, $TLT is the 20 year bond ETF. Pick companies you want to own 100 shares of by selling a put while long $GLD and long $SLV print money so holding the 100 shares prints money joining theta gang.
submitted by daviddjg0033 to smallstreetbets [link] [comments]

A Short Story that Describes Imaginary Events and People of Worldwide Calamities and the Aftermath (the 2nd Edition)

The following story, all names, characters, and incidents portrayed in this post are fictitious. No identification with actual persons (living or deceased), places, buildings, and products is intended or should be inferred.
However, the LINKS to real-life events and inspiring sources are placed here and there throughout the story.
--------
Truth is the Only Light
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INTRO
☞ [As of 2019] there are plenty of reasons to think the Chinese system will implode spectacularly without Japanese feeling the need to do a thing. — Peter Zaihan, Disunited Nations (Mar 03, 2020)
It's apparent that two nations have been engaged in a high-stakes military & economy arms race. The current US admin has been hitting China with waves of tariffs, but that was merely a small part of what's actually going on. [1] [2] [3] [4] [5] [6] [7] [8]
On Oct 11, 2019, when they reached a tentative agreement for the first phase of a trade deal, the fact that China made the concession actually made my jaw drop. From where I sit, it was a worrisome scene. Aren't people saying, when challenging situations are bottled up, they will just grow and mutate into another terrible complications?
Admittedly I was not certain how they are going to adhere to the agreement: It left most of the US tariffs (on China's exports) in place, and at the same time, came with an additional USD $200 Billion burden for China over the next two years. This agreement might seem a bit insignificant, but now China would need to purchase almost twice the size of the US products & services they did before the trade war began.
With their current economic climate? I murmured, "No way."
While watching Trump brag and boast around with said agreement, I expected China would soon come out and fling some improvised excuses in order to delay the document-signing process. It wouldn't be their first time. More importantly, even if China does so, there wouldn't be many (real) counterattack options left for the Trump admin during this year, the US presidential election year.
Then, on Jan 16, 2020, the world’s two largest economies actually signed a partial trade agreement aimed at putting the brakes on an 18-month trade war. China would almost surely not sit down but come back to bite, I thought.
Enter the worldwide chaos following so called the COVID-19 outbreak.
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BACKGROUND
☞ Globalists have been heavily investing in China's economy and its components overseas.
• Here are a couple of well known names: the Great Old One; George Soros; Koos Bekker; and Bill Gates.
• For the sake of convenience, from here on, let's call these globalists, who are foreign investors in China's top tier state-owned/sponsored/controlled enterprises, Team-Z.
• Team-Z has adopted big time lackeys like Henry Kissinger or small time ones like Larry Summers, Stephen Hadley, or Bill Browder as matchmakers to court Team-Z for China's top tier enterprises. When Israel's highest echelons chimed in, it has been through Israeli IT companies and the BRI projects.
• Naturally, multinational investment banks have also been employed; such as Morgan Stanley, Goldman Sachs, Royal Bank of Scotland (RBS), UBS Group AG (formerly Union Bank of Switzerland), Blackstone Group, Canaccord Genuity, BlackRock, Hermitage, or Mirae Asset.
☞ Note: The Great Old One didn't use any matchmakers, something peasants would need. Because the Great Old One's power level is over 9000.
• China's Shanghai clique used to keep the nation's state-sponsored enterprises under their firm grip: Enterprises such as Alibaba Group, Tencent, Baidu, Wanda Group, HNA Group, Anbang Group, Evergrande Group, CEFC Energy and Huawei, all of which Team-Z has massively invested in.
Here is how Shanghai clique and Team-Z, esp. Bill Gates, started to get together: [LINK]
• However, in the name of anti-corruption campaign, Xi Jinping & his Princelings have been taking those businesses away from Shanghai clique's hand, and transforming those state-sponsored private enterprises into the state-owned enterprises, declaring the 國進民退 movement.
• Slaying Shanghai clique's control = [1] [2] [3] [4] [5] [6]
• 國進民退 + Slaying Shanghai clique's control = [A] [B] [C]
• Xi's reign didn't arrive today without challenges though: the BRI projects' poor outcome has frustrated Israel's great expectations. And since the US-China trade war has started, the problems of China's economic systems started to surface, not to mention China's economy has long been decaying.
• Coupled with the US-China trade war, the current US admin has been trying to block Huawei from accessing the international financial systems that the US can influence, as well as the US banking systems. This is a good time to remind you again that Bill Gates has had a very close-knit relationship with Huawei.
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TRADE WAR & INTERNET-BASED COMPANIES
☞ It's the trade war, but why were internet-based companies such as Tencent and Baidu suffering losses?
Answer: The state-sponsored companies like Tencent, Baidu, or Huawei have heavily invested in international trade and commodity markets, which are easily influenced by aspects that IMF interest rates, the US sanctions, or trade war can create.
Example: Let's say, Tencent invests in a Tehran-based ride-hailing company. Then, through said ride-hailing company, Tencent invests in Iran's petroleum industry. Now, China's most valuable IT company is in international petrochemical trade. The business is going to make great strides until the US imposes trade embargoes oand economic sanctions against Iran.
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TL;DR
China's economy going down = Team-Z losing an astronomical amount of money.
★ Wednesday, Sep 26, 2018 ★
"Gentlemen, you guys might want to do something before it's too bloody late, no? His speech last night was .... (sniggers) Mr. Gates, now is as good a time as any. Mr. Soros, hm, don't look at me like that."
".... But,"
"Yes, Mr. Soros, your HNA is going down, too. .... Ah, Schwarzman xiansheng, we're very sorry to learn about Blackstone's Iran & SinopecChina situation. So, we're guessing, you'd be happy to join Mr. Gates's operation, yes? Of course, We already contacted Kissinger xiansheng. .... Okay then, Gentlemen?"
• Now you can take a guess why George Soros has recently been sending out confusing messages regarding Xi Jinping.
• Wait, how about Wuhan Institute of Virology? Doesn't this story concern the COVID-19 outbreak? Is the Wuhan Institute also associated with Shanghai clique? Yes, indeed. Here's How Wuhan Institute of Virology and Shanghai Clique are related: [LINK]
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EIGHT OBJECTIVES
☞ Calling for the tide to be turned, Team-Z and Shanghai clique started to devise the plan. The objectives are:
By shutting down international trade, crashing world economy, and exploiting its aftermath, the plan should produce an outcome letting Team-Z earn back their loss from the trade war & the US sanctions, and collect additional profits from China's BRI projects & stock markets worldwide, including the US stock markets.
Don't forget this: This point number also concerns the developing nations on the BRI with the large deposits of natural resources that Team-Z has invested in through China. If everything comes together nicely, Team-Z will pick up trillions of dollars from those nations alone as if they are light as a feather. Ironically this will reinforce the BRI project governance and mitigate fraud & corruption risks inherent to the international development projects.
By utilizing the aftermath in the US, a new US administration consisted of pro-Beijing personnels should be fostered at the 2020 election. In a worst-case scenario, the aftermath should be abused enough to make Robert Lighthizer to leave the admin. Mr. Mnuchin could stay.
Sometime next year, the phase one trade deal must be reassessed with the new US admin. The reassessment should help China take the upper-hand at the second phase trade talk.
The pandemic crisis should yield a situation which allows China to delay the payments for its state-firm offshore debts. With the point number , this will give China a breathing room to manage its steadily-fallen forex reserves.
Since their current turf (in China) is education industry & medical science industry, Shanghai clique will have no issue with earning hefty profits by managing China's export of medical equipments & health care products which can be supplied worldwide mainly by China. People in the west will bent the knees for the clique's support.
☞ Regarding Jiang Zemin's son and medical science industry in China [LINK]
The outcome should weaken Xi & his Princelings' political power considerably in favour of Shanghai clique & Team-Z. This will let Jiang's Shanghai clique (A) reclaim some of political status & business interest controls they have lost to Xi & his Princelings.
• And once this point number , with the point number , is realized, it would be much easier for the clique to (B) recover their huge assets hidden overseas that the current US admin or Xi & his Princelings have frozen.
Combining good old bribery with sex, the outcome should support China to re-secure control over the US governors. Once the plan is executed successfully, those governors would desperately need solutions to local economic problems and unemployment.
Lastly, implementing an e-ID system in the US similar to Beijing's Alipay and WeChat could be the cherry on top of the operation's entire outcomes. Who's supporting such a system worldwide? None other than Microsoft and Rockefeller Foundation. ಠ_ಠ
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OLD COMRADE BECOMES A NEW RECRUIT
☞ They were afraid more talents were needed. The main target was the world’s largest economy with the most powerful military capability, after all.
They ended up asking Mr. Fridman to see Lord Putin about that. The old Vova was going through a lot nowadays, people said. It could be because his nation's energy business to Europe seems to be hitting wall after wall. He is said to have enough on his plate with no end in sight, so maybe he'll join.
★ Monday, Jan 15, 2018 ★
"(pours a drink for himself) I know, but. ... What would happen if Bashar falls? How long you think you can keep it up? .... Erdogan is many things (sniggers) but he's never gentle. (sips his drink slowly) When Benji's EastMed Pipeline starts to actively compete, then what? They got the China money now. .... Vagit and his buddies will be very unhappy. You know that. Not great, Vova."
"...."
"Ah, you mean what are we going to do? Hm? Hm. I'll tell you what we're going to do. This time, we're going to bankrupt the US shale gas sector. Then, of course, we can maybe convince Benji to take their time with the pipeline. Perhaps for good. (sips his drink slowly) Don't worry, Vova, It'll work. You worry too much. We'll come out the other side stronger."
"So, how long until they set it off?
"Hahaa, yes. They'll soon put all things in place. While marching in place, they'll play the tune a couple of months before the next sochelnik."
"Nearly 20 months to brace things here, then?"
"(nod slowly in happiness) Hm. Оторви́сь там, оттопы́рься, Vova"
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USEFUL IDIOTS
☞ When the directive came, these idiots answered claiming they would be gladly "on it." All in the name of rejuvenating China's economy without grasping the real objective prevailing throughout the entire operation. Thing is, they would never realize what they are to Team-Z & their Asian overlord until it’s too late.
Who are they? It's A and B, not A or B: (A) the American corporations that are too big to fail and have suffered a considerable loss because of the US-China trade war. Among those corporations, (B) the ones that have been structured with massive interest-profit relationships in/with China.
"We need China in order for the US as a nation to continue being prosper," they've been shouting. No surprise there, because they've enjoyed the strides of extraordinary profits over the years while the US middle class has continued to shrink.
But, in 2019 when China's stock markets nosedived for the first time since 2015 and China's authorities in financial stability & resiliency fumbled their response; it wiped that smile off their face. Still, they'll keep behaving not to offend their Asian overlord, nonetheless.
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PERFECT PLAN
☞ Many crucial components had to come into play all at once in order to cause World War I. If one of the components were missing or different, it is unlikely that the World War I as we know of could be produced.
The US in 2019: Overbought bubbles + Over borrowed corporations
The US in 2020: It's an Election Year.
Russia has been dumping US Treasuries for the past few years.
Russia has been hoarding golds as if they were recreating Inca Empire.
China in 2019: Immense & long term financial troubles has started to surface.
China in 2020: The phase-one deal has been signed; leaving most of tariffs on China intact and adding another $200 Billion burden for China.
Team-Z sets up a situation in the US where some event(s) would freeze the US supply chains & demand for the next three to ten months.
• Just like the 9/11, the event will be initiated at the clique's own region. However, unlike in China, the US will report multiple epicentres simultaneously.
• And the CDC and the US medical task force will carry on with a number of sabotage acts, to secure enough time for the infected yet untested in those US epicentres to spread plenty. [1] [2] [3]
• Here's a feasible timeline of the operation.
Then, the BOOM: Team-Z (a) manipulates the markets to make sure MM will have liquidity concerns (b) when they need it most. The (c) bottomed out oil price will be an enforcement, which will also wreck the US energy sector as a kicker. The (d) WHO will also join as a disinformation campaign office.
• Then a couple of big name investment managers will lead a movement that (will try to) bring back foreign money back to China. [1] [2]
• Meanwhile, in US, the disinformation campaign will continue to be pushed until the second wave of attack arrives.
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MEASURABLE SHORT-TERM OUTCOME
☞ We're now going through World War III. The global structure laid down by World War II had been shaken by globalization and the rise of China. This pandemic event will shock the structure further. Human history will be divided into Before 2021 and After 2021.
① Outcome pt. 1: Immediate Aftermath [pt.1] [pt.2]
② Outcome pt. 2: The US economy goes deep dive along with world economy, and the only thing Team-Z has to do is to exploit the aftermath which has been thoroughly calculated and eagerly anticipated. — Favoured assessment: There won't be a V curve ever, unless drastic measures taken within the timeframe of four months. Unprecedented market crash, the rapid unemployment acceleration because of the supply-chain shut down, and the near-death security which in turn forces consumer confidence to plummet. We're looking at a super long L shape curve unless the US prepares fast for the second wave of their asymmetric warfare.
③ Outcome pt. 3: Arguably the most important outcome. — Because of the unprecedented shutdown of international trade, the nations heavily rely on exporting natural resources will face the extreme financial threats. What if some of those are emerging markets AND massively in debt to China? What do you think China would do to said nations while the aftermath is hitting the globe hard? [PDF] Something comparable to Latin American Debt Crisis will happen.
④ Outcome pt. 4: Not that significant compared to the others but still notable outcome. — The world will need Shanghai clique's help to get medical products and equipments.
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WHAT'S NEXT?
☞ Several analysts have discussed off the record that next it'd be a proxy warfare not using armed conflicts but with spreading a galaxy of counterfeit-currency across every possible channels.
Coincidently, on Dec 13, 2017, Business Insider reported in an article "A $100 counterfeit 'supernote' found in South Korea could have been made in North Korea" that:
"It was the first of a new kind of supernote ever found in the world," Lee Ho-Joong, head of KEB Hana Bank's anti-counterfeit centre told Agence France-Presse.
Reporting the same news, The Telegraph published an article on Dec 11, 2017:
"It seems that whoever printed these supernotes has the facilities and high level of technology matching that of a government", said Lee Ho-jung, a bank spokesman from KEB Hana Bank in South Korea. "They are made with special ink that changes colour depending on the angle, patterned paper and Intaglio printing that gives texture to the surface of a note".
ಠ_ಠ
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Tale of How Shanghai clique and Globalists Got Together
Wuhan Institute of Virology, Wuhan City, & Shanghai Clique
Feasible Timeline of the COVID-19 Operation
Immediate Aftermath — pt.1.b
Immediate Aftermath — pt.2.a
Remdesivir, Gilead Sciences, Its Shareholders, & Silly Concern
Cases Displaying the Recent Climate of Chinese Economy
Compliance Report by the US State Department on China regarding Biological Weapons Convention — Click "2019 August Unclassified Compliance Report" and see p45.
Jiang Zemin's son & Medical Science Industry in China
What is Guanxi (關係)?
Israeli IT Companies & China
Opinion article "Cancel All Debt to China"
Fun Trivia about Bush Family and China
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submitted by vanillabluesea to conspiracy [link] [comments]

05-08 14:53 - 'I live in a country with high inflation where the government doesn't respect financial autonomy.The country is heavily sanctioned by the United States. / I buy bitcoin because it is censorship resistant,borderless and ne...' by /u/LongjumpingPlan4 removed from /r/Bitcoin within 0-4min

'''
I live in a country with high inflation where the government doesn't respect financial autonomy.The country is heavily sanctioned by the United States.
I buy bitcoin because it is censorship resistant,borderless and neutral. I don't care that I can't buy stuff with it in a zara store because you know what?there is no zara store here!
I buy it because I can store it more safely than dollar.Yes you heard that right.
To be honest though,and I know I will be called shitcoiner around here,what truly interests me is the potential of cryptocurrencies. through DeFi you can take a loan,invest in stock market,oil,forex,gold(all through synthetics ofcourse)and even hold censorship resistant dollar(through DAI). more centrallized solutions like Paxox Gold also exist but that ofcourse is not censorship resistant
I am sure you don't understand the implications because you probably haven't lived in a country that is both sanctioned and can't transact through regular banks and also has a government which tries to enforce strict price controls.
About fees: fees are insignificant really.(even for someone who lives in my country!) I use Lightning Network whenever I need to move money fast.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: LongjumpingPlan4
submitted by removalbot to removalbot [link] [comments]

GOLD: pills against uncertainty

GOLD: pills against uncertainty

Reversed world

“Hey, gold, what are you doing over there at $1470? You are supposed to aim at $1900 – we are in a crisis here!” – that’s your righteous question to the precious metal. Although it did show an elevated trajectory for a while until recently, none of that seems “worthy” of the severity of the moment.
Gold, monthly chart
Especially, if you zoom in and see the most recent move of the shining metal. By falling to the support of $1450, it completely erased all the coronavirus-related gains and got back to where it was at the end of the year 2019.
Then, the US and China seized tariff fire and eventually announced that they were finally closing the theater of trade war and were on the way to sign the trade agreement. That was promising peace and prosperity to the nations, and the year was ending well, full of moderately optimistic expectations for 2020. Not for gold though. “Well”, - gold thought – “there is no place for me in such a confident and economically expanding riskless world”. Eventually, its price gave room to the calmness of the market and continued its usual trajectory of mildly gaining value.
Gold, daily chart
The interesting thing is that when the virus came – that is marked by the red vertical line – gold did not change its trajectory. If you remove the last move it did - that brick-like drop from $1700 to $1450 – and ignore that the virus is now reigning the globe, you would have little ground to suspect that something unusual is happening in the world. At least, from gold’s point of view: according to the chart, it didn’t seem to worry about states bent into recession and tens of thousands sick or dead. Not more than before that, at least. The curve of the price performance did not change before and after the outbreak – the straight green line confirms that. Visually, until the second half of February, when China was in flames of the coronavirus, gold felt exactly like it did in December when the US and China were cheerful of each other’s commitments to the trade deal.
And there is another interesting thing – the very last episode of gold price performance. The said drop. It is absolutely extraordinary because it is – in theory – supposed to be reversed. A millennia-long-living asset bringing joy to the eye of its owner, gold normally gets multiplied attention from investors seeking to secure and guard their funds when troubles kick in. Now, it is all the contrary: it plunges like a fraudulent security of a third-grade bank.
What’s happening?

Red pill

First, a very superficial but a very fair conclusion is: gold is not a “yes-sir” safe-haven commodity and does not react to the world of events as such. Nor does it react “on time”. Therefore, second, it is not as predictable as, say, oil prices are in their response to the KSA-Russia oil price stalemate.
Does it mean that gold should be disregarded as a refuge to the money of scared investors? No. But we have to delineate gold as a physical asset owned by individuals and organizations and guarded in, say, Fort Knox and gold traded in multiple market platforms as a virtual asset through, including, derivatives such as CFDs. It is exactly the latter that we have in Forex. And these, although they do have a correlation to the price of the physical gold nuggets traded across the world, are largely affected by speculations and price manipulations, whatever they may be.
That’s why you cannot rely on gold 100% as on a safe haven all the time in your trade. You have to weigh it against other assets, measure its reaction to the events and elaborate your judgment about it. The general guidelines are there – gold rises in the times of crises – but that alone is not enough to make successful trades. You need tactical information on its movement and tactical levels to watch. And its recent drop from $1700 to $1450 is another justification for that. If you bought gold even at the lows of $1600 expecting it to reverse upward on the spooked market mood, you would lose your funds by the current moment.
So again, what’s happening?

Red pill #2

First, you have to factor-in market unpredictability into your general trading methodology. More precisely, you have to factor-in the fact the sometimes you will see prices move the way you cannot predict and do not understand. And that has nothing to do with available information: in hindsight, you can explain almost any phenomenon on the Forex market, regardless of your level of situational awareness. For example, how can we explain the recent performance of the gold price? Observers’ opinions vary from blunt references to omnipresent panic that nullifies the safe-haven immunity of gold to sophisticated schemes that advocate selling off this metal to suppress its automatically increasing equity share fueled by other assets’ reduction. While both may be relevant, for you that means one honest confession cited by Bloomberg after US Fed’s failure to make markets happy by the rate cut:
"The traditional rules are out of order and there is nothing which can be classified as a safe haven – not even gold".
Note: this “even” underlines that fundamentally, gold has an undisputed recognition as a reserve asset, but at the moment, it does not function as it normally would.

Blue pill

Steel started gaining value as it seems to be a “newly-founded” safe-haven asset as seen from the perspective of the Chinese market. But we are not suggesting you piling up steel rods in your backyard.
The suggestion is: be flexible. Treat gold as your usual currency pair. Don’t take it for granted that it is “supposed” to rise in bad times. It is not, as you have already learned. Not always, at least. And one apparently cannot really know when it follows the default rule, and when it doesn’t. But one can always apply the same rules of observation and market interpretation which are applied to the rest of the Forex market. Follow the trend, reinforce it with fundamentals. If these don’t work, go technical. Once you have indications for upward reversal – buy. Once you have a downward move anticipated – short. Currently, from a purely technical perspective, a short-term upward correction is likely to happen because there is no fundamental reason to press on for a non-stop plunge while the Awesome Oscillator and the hesitation at the current level of $1470 indicate an upward-sideways mood.

Blue pill #2

No pain no gain. But as Warren Buffet said, Mr. Market doesn’t force you to trade. If you feel like you are confident to do it, you are welcome – you have all the instruments, and FBS is all but available to help you. If not – come any other minute, hour or day – he will always be glad to serve you with opportunities to make profits.

P. S.

However, keep in mind that Mr. Market, although happy to serve you endless chances of benefit, doesn’t decide when the next coronavirus comes. Therefore, don’t lose your chance to use this once-in-a-decade strike of nature to your financial advantage.
submitted by FBS_Forex to u/FBS_Forex [link] [comments]

New stable dollar USDQ will be presented in the first half of April

New stable dollar USDQ will be presented in the first half of April

https://bounty.qdao.io/ref/978-828-807 bounty

links for more information

https://usdq.platinum.fund
https://t.me/Platinumq
https://open.kakao.com/o/gfFhY2mb
https://btc-alpha.com/ru/?r=190430 Exchange

Tokyo, Japan, April 02, 2019 - (PR.com) is one of the largest providers of listing services, Platinum intends to launch a new stable USDQ dollar in the first half of April. USDQ will be decentralized, self-regulated and supported by Bitcoin. This feature will allow market participants to trade and make payments in popular cryptographers without worrying about volatility.

Unlike conventional cryptocurrency, the prices of which fluctuate, stable coins try to keep their value around a certain asset, such as the US dollar, oil, gold and others. Since the price of stable coins directly depends on the asset's exchange rate, the volatility of stable coins is much lower than that of other cryptocurrencies. This advantage increases the interest of the population in stable coins and makes them an attractive payment tool that can be used for payments in everyday life.

One of the most important functions of USDQ is its transparency, which will be provided by the scanner service. This will allow each user to track and check all transactions, wallets, transaction time, how many bitcoins are blocked for each transaction and how many of them are stored in the system. The service will record and display any movements of tokens as soon as possible, which will help owners to easily and easily manage their digital assets.

Users can purchase USDQ on cryptocurrency exchanges. The value of USDQ 1 will be equal to USD 1. Traders will be able to interact not only with this coin, but also with any other. To buy stable coins, people must register a stock account and go to trade. The company plans to place USDQ on the following world leading platforms first of all: BTCNext, CoinBene, BitForex, CoinAll and BTCAlfa.

The second way to get USDQ is to get a stable loan through a bitcoin collateral. To do this, the buyer must visit the company's website, apply for a USDQ loan, leave the deposit amount in bitcoins and take USDQ in the amount of USD 100. When the borrower transfers the bitcoins to the system, the smart contract prints the new USDQ and sends them to the borrower. If the user wants to take away the collateral and repay the loan, he goes through the appropriate procedure on the company's website. Bitcoins are sent to the borrower's wallet, and USDQ tokens are burned.

“We strive to develop innovations in the cryptocurrency space in order to meet the demands of the cryptocurrency community. Stable coins are a key element of the market, and we firmly believe that our USDQ will be able to strengthen and stabilize the market. We are confident that our stable asset will be in demand by both new and experienced users, ”said Platinum employees.

The company develops a decentralized stable asset, the transparent nature of which allows it to be independent from any banks and other financial institutions. Each USDQ token is supported by bitcoins and uses smart contracts that provide sophisticated cryptographic security. The breakthrough mechanism created by Platinum specialists will help to maintain the stability of USDQ.

About platinum

Platinum is an international promotion and fundraising consulting company whose goal is to promote innovations in the digital economy. The team has extensive experience in marketing and PR, management, consulting, programming, cybersecurity, education, legal advice and more. The company's mission is to make people's lives better and promote economic growth through the development of advanced products that provide reliable, secure, and unhindered access to any virtual assets.

To learn more about Platinum and its services, visit the official website.
submitted by Grutttt to u/Grutttt [link] [comments]

Overview of Current Market Valuations and Toyota Motors (TM)

Hello All,
Every now and then I do stock screens to see if there are any companies that would be a good value investment. Thanks to the bull market, the opportunities have been few and far between over the last year or two. However one company has consistently popped up in my screens. I initially ignored it as the company is in a sector I personally don't like to invest in due to the large capital requirements. The company is Toyota Motors (TM).
Simply put, the valuation seems too good to be true.
First off, let me show you what I am talking about. Here are the heat maps from FinViz:
Now as you can see, the general trend of the market is giving you discounts to Financials, Utilities, and Basic Materials, more specifically oil and gold.
Of those sectors, I really only like Financials as big oil has been in a downward trend over the past three years. Both Exxon and Chevron have produced less oil than the previous years and are both spending at near record high CapEx levels with no turnaround yet. I have continuously looked at both of them as I don't have any oil in my current portfolio, but haven't got myself to buy either of them.
Financials will continue to be attractive at these levels as investors still don't trust their book values since the financial crisis even though asset quality has continued to improve on a broad base. Over the next 5 years, interest rates will rise which will increase their spread which in turn increases their profitability.
For the most part, it appears healthcare, consumer goods, and services are currently overvalued.
Now, let's look at Toyota. Below is a quick multiples valuation against TM's peers. These are from Yahoo! Finance as GM isn't on FinViz for some reason.
P/E
Forward P/E
P/E/G
P/BV
As you can see, the whole sector looks cheap on a multiples basis, but of that bunch Toyota seems to win out on an overall valuation based on multiples.
Per my own investing rules, as I am a long term shareholder, I won't touch a company that has recently been bankrupt, therefore I rule out GM for any potential investments.
Now Toyota is too big of a company to do a full report on in a couple of days. However, of what little research I have done, this is what I have found.
First of all, on a macro perspective, the yen has weakened against both the US Dollar and the Chinese Yuan. Over the past two years, the Dollar and Yuan have both gained over 30% to the yen and over 10% this past year. This is a great thing for a Japanese multinational as North America and Asia is TM's second and third largest markets which combined are 46% of 2013's sales.
Because of this, profitability should be higher within Toyota which is also a reason to buy them over GM or Ford as the american automakers will lose money with a strong dollar overseas.
Over the past three years, TM has a Compound Annual Growth Rate (CAGR) of 5.12%. Last year, North America saw 32.8% sales growth and Asia saw 30.22% sales growth. This compounded with the yen weakening is a one-two punch.
Due to the strong demand in both North America and Asia, Toyota has had a surge in Consolidated Net Income for Fiscal Year 2014 of 135% in which ForEx is responsible for 123% of that growth alone. In this latest quarter, Net Revenues are up 23.9% with Net Income up 118%.
Toyota's Shareholder Presentation
Margins have increased across the board with their Gross Profit increasing from last year:
TM's Gross Profit Margin
As for a quick look at the balance sheet, Toyota has been de-leveraging over the past 5 years with Total Debt / Equity of 1.25 in 2009 to 1.16 in 2013. Book Value per Share has stayed relatively flat but grew 15.14% from 2012 to 2013. Compare that to a one year increase in share price of only 12.25% I believe we have a winner.
This is only what I have found off of a couple hours looking at this tonight and have only scratched the surface as to the information on this company.
However after just a small amount of research I firmly believe this is a truly undervalued company and should be bought right away.
References: Quick Stats pulled from TM's Annual Report
EDIT Thank you all for the replies. I should state that this is just beginning due diligence and there are several assumptions with this thesis, mainly that the Yen will stay depressed at least over the next year. This type of condition is a short term catalyst only and not a long term theme. As some have mentioned already, FX has been almost entirely behind TM's profit and there are real geopolitical risks between Japan and China.
Next week I will put together another post looking more into the actual underlying company's long term performance and management's strategic plan going forward. That way we can get a glimpse of what the company might look like in the future.
Again thank you all for the kind words and the intelligent discussion around this topic.
submitted by magesform to investing [link] [comments]

How To Save Your Money From Murder.

How To Save Your Money From Murder.

https://preview.redd.it/kxjjd5pg0oq11.jpg?width=640&format=pjpg&auto=webp&s=4fa3cc02eff143bec33dd1e0814636920451bb47
Let's be honest, there's a lot of scam out there.
In fact, 70% of all the 'make money' advertisements are fraudulent - a play on your greed and desire to make money quick without working for it.
*By: Chukwuemeka Iheonunekwu.*
I got news for you, "There's no free money or easy money anywhere, even in Freetown."
However, you can reposition yourself to allow money to come to you easily, but this is a conscious effort.
My name is Chukwuemeka Iheonunekwu. I'm a certified copywriter and real estate sales consultant. A digital marketer who understands that many advertisements on the internet are fraudulent.
I've witnessed a lot in the world of business, even before I chose this career path.
I tried the popular hypes: ponzi, peer to peer donations, binary options, forex trading and even partnership with companies in order to empower myself and other youths, but I learnt one lesson from all these experiences - you must actively engage your Mind, Will, Money and other Resources if you want to be rich.
And no, I'm not rich. Not yet anyways, but I have been implementing the steps I learnt from experience and financial masters such as Robert Kiyosaki, Warren Buffet and Ifeanyi Ubah, etc., for a while.
These men have taught me not to expect riches to magically jump out of nowhere, but to engage my whole self and be devoted to the task of making wealth.
So far, it has been a positive impact on my life.
Therefore, I advise you to shun ponzi schemes, forex trading, binary options, cryptocurrency trading, stocks, bonds, shares, etc.
Why? Among all the popular investment vehicles I listed in the previous paragraph only ponzi schemes are fraudulent, and shouldn't be considered as investment.
However, without adequate skill and years of experience, you'll fail and get flat broke investing in the other models listed there, such as forex, stocks, and cryptocurrency trading.
Now you're wondering if saving your money in the bank is your best option.
You know the answer, "savings accounts are rip-offs by banks."
In short, fixed deposits and savings by banks are like a gun held to your head by a sexy model that you trust.
*So, What Do You Do?*
You invest in assets whose value never goes down.
Examples of such assets include: Gold, Diamonds, and real estate (buildings and lands).
Patrick Ifeanyichukwu Ubah (FoundeCEO Capital oil & gas, and Ifeanyi Ubah FC (West Ham United FCs African partners) is a renoun investor who has worked for several African governments since 1999.
*Hear him:*
"...if you have money, invest in landed properties. Stocks, bonds and other forms of investments will fail you at any time, but land will never fail you. The value of land is always on the rise, never down."
With that, I'll say, "to save your money from being murdered, invest in real estate. Buy lands, or already developed properties.
Fortunately, I have credible information about where, and how you can make money from such investments.
*Ways to Make Money from Real Estate:*
- Buy, Hold, and Resell a Property (land or house) for up to 300% profit when the value appreciates.
- Buy Land, Develop a Property on the Land and Sell it for up to 800% Return on Investment.
- Buy Land, Develop a Property on it and rent it out to Individuals or Corporate bodies for residual income.
*Imagine yourself doing all of the above in different locations, living the life of comfort, enjoyment and happiness.*
It's simple, you'll instantly become a multi-millionaire.
*That's the life you're looking for isn't it?*
A life where your money will survive all kinds of frauds, and go on to multiply itself into many millions that you can't possibly imagine.
Well, I know you can imagine it, and it is mind-blowing isn't it?
I can help you achieve that dream today.
I'm the super hero who saves people's money from being murdered by lazy youths who swindle people for a living.
Today, I've come to save your money from murder!
My weapon of choice is Real estate.
*If You Would Like to Live a Life Where:*
- You are your own landlord, never worrying about rent, or annoying apartment dues.
- You are a full fledged landlord who collects rent from tenants living in your houses.
- You make millions of Naira monthly from rentals on various properties that you own.
- You make millions reselling lands or houses that you buy at very cheap prices without any sweat.
- You travel wherever you want to, whenever you want to.
- You can buy anything you need, whenever you want to.
- You cater for your family and friends without any trouble for money.
Then, this piece is for you.
The future you seek is here, and it's affordable.
*Now You Ask:*
*1.* How much does it cost to invest in real estate?
*2.* What makes the value of a land or house rise?
*3.* How long does it take for the value of land or house to rise?
As a real estate consultant for various companies, I have the following answers for you:
*1.* The cost of real estate investments can be as low as N40k, and as high as N100TN. It all depends on the location, size and demand for the property.
In fact, we have lands for sale at N800k in Anambra state.
*2.* Location and high demand are the primary reasons for the increase in the price of a piece of land.
For instance, our land in Anambra which is sold at the promo price of N800k is close to Orient refinery, and the ongoing international airport currently under construction.
As the construction of the airport, and business at the refinery increases, the value of that land will keep rising as demand increases also.
*We Also Have Lands Near:*
- Unizik junction (the heart of Awka city).
- Dangote refinery in Lagos.
- Lekki free trade zone and La Tropicana resort, Ibeju-Lekki, Lagos.
Those are attractive locations in high demand. The value of lands and houses in such locations is always rising.
*3.* About how long it takes for the value of lands or houses to increase, it depends on the factors listed above.
Now that you have learnt how to *save your money from murder by investing in Real estate*, what will your next move be?
Do you want to get rich investing in Real estate?
Are you ready to invest?
+2348107094689
submitted by paulnwankwotv to u/paulnwankwotv [link] [comments]

[Table] IAmA Goldman Sachs Investment Banker AMAA

Verified? (This bot cannot verify AMAs just yet)
Date: 2013-01-12
Link to submission (Has self-text)
Link to my post
Questions Answers
I have a good friend who is a VP at your firm . They blamed the entire Financial crisis on ' poor people who could not afford their mortgages ' they said this was pretty much he opinion among the investment banks . How do you feel about what happened to Greece and Goldmans hand in it ? That is not true. Opinion is very much split within the investment banks and there is no right or wrong answer. I personally don't believe at all that the crisis was caused by 'poor people' - and I don't like that sort of categorization of people in the first place. There are perhaps 15/20 different institutions you could blame for the crisis, there's no way of isolating individuals. I'm not sure what exactly you think GS's hand in the Greece affair was. Of course it's a sad story and I feel remorseful - I recently donated £50,000 at a charity ball to help rebuild one of the islands which has almost been burned to the ground. But ultimately Greece employed GS at the time because they wanted to fudge their finances so as to meet entry requirements for the Euro i.e. the greek government was knowingly employing GS to help perform an extremely risky task - GS didn't force anything upon them. If the experiment explodes 10 years later (as it did), should GS really be the party to blame?
The next day, you are flipping through television channels and randomly come across a pre-season CFL game between the Toronto Argonauts and the Saskatchewan Roughriders. Knowing your inevitable future, do you now watch it? Yes of course i fucking do. The future is inevitable. Chuck Klosterman i like your name.
I love seeing the ignorance that emerges in these AMA's relating to investment bankers. I am really interested in a career in either IB or Consulting, have a few questions for you. Thank you to fletch below for answering this question.
1) How did you cope with the hours? I like working hard, I like working for my money but I also like enjoying free time and having a social life. When working a 100 hours as an analyst that would certainly have to suffer 2)What were you academic results like through your degree? I'm currently in my second year and will be realistically looking at 2.2, 2.2, 2.1 and 2.1 (years 1-4). This summer I'd hope to get an accountancy internship in one of the big 4 followed by an internship next year in one of the large IBs. I know there's more to a candidate than solely their academic credentials + internship but would this stand me well for a BB in London? (Top Irish university, undergrad will be in Business and French) 3) What is it that makes you enjoy this job? I know the paycheck is certainly a bonus but you've said there's more to it than that? Whatever your breakdown between modules is, you need a 2.1 overall. Even if your average is 60% or 61%, that's enough to get you past the minimum requirements and through to interviews. After that it's up to you - they'll take someone with a good business mind and strong communications skills irrespective of whether they average 60 or 78 or 92. I disagree with him. My job is extremely rewarding and i wouldn't swap it for any other industry at the moment. If you want evidence of people enjoying their jobs look at the number of years they spend at their respective firms. Most of the partners at GS are 'home-grown' and have spent 20/30 years sweating away but don't regret it for a second.
Do you realize that in countries like Spain you're seen as an evil person that only wants to get profit and don't have any soul or feelings and probably kicks puppies for fun? If so, how do you feel about it? Yes and understand their anger but it should be re-directed to politicians!
Proof? and of course... how much did you make in 2012 approximately? Approx 600k. How do upload proof e.g. photo evidence?
Sorry, new to reddit!
Do you have free ticket for me? Always looking for handouts. What is it young people say, lolz??
I'm very curious of your opinion of Secretary Geithner's role in LIBOR. Do you think he was guilty? innocent? Thanks! LIBOR scandal is way too complicated to explain at 2.30 am after a few beers. Many active players are implicated and i think he will be seen in the wrong eventually like many others.
What hours do you work? Approx 80 hours a week not incl. flight time I go to festivals in Europe but would love to go it. Do you have free ticket for me?
If the concept and idea of a monetary system was replaced with something better (hypothetically) what would you do? As in for a career or what not since now you are jobless. Resources will always be scarce so someone will have to ensure an optimal allocation. There will always be a market of some kind whether it be a public market or an internal government one.
Hypothetically we could have unlimited power, molecular production, and master matteenergy conversion. Would that change your answer? Good interview question. I'll keep it in mind.
In your view, are there any regulations that could meaningfully alter the moral hazard typified by the 2008-2009 bailout of the financial sector? If so, what might they be? And if not, to what extent does regulatory capture play a role? Regulatory capture is a seriously problem not just in banking e.g. also in the energy business. How do you reduce it? It won't happen unless the public demand it, as everyone with power tends to benefit from it and so they won't make meaningful steps to change anything, i.e. its a win win situation for government and business. However it needs more than just 'occupy movements' but rather i am talking the mass voter population.
Have you seen @gselevator on twitter? if so have you ever contributed/is it legit? Haha yes i have seen it and no its not legit, well at least i think its not. Seriously though the elevator chats can be quite entertaining and revealing.
Do you use a mouse when you work on excel? Are you joking?
No.
In your opinion, do you think the money you make is worth the hell that you go through to make it? I love my job and so i am lucky that the money is not the only motivator.
But yes i love checking my bank balance at an atm.
How can i break into finance with a sub-par gpa? Network and try non BB firms.
A company founded by 100 duck sized horses. or A company founded by 1 horse sized duck? 100 duck sized horses every time. Basic risk management theory - don't put all your eggs in one basket. If that 1 horse sized duck isn't exceptional, your business is going down the tubes.
Prior to the collapse, did you have any idea what was about to happen? It was getting obvious that there was a bubble, but never predicted how great the fallout would be and that in 2013 we would still be suffering
What do you do day to day? I work in the energy field in Europe but don't want to get too specific. Day to day we advise natural resource companies on all things financial such as m&a and financing strategy and then execute on their behalf. So I am on the corporate finance side rather than sales and trading. However I work closely with the syndication and sales guys such as if we are executing an IPO or a follow-on share offering.
I have a buddy who's small but established clean tech company needs money building biodiesel manufacturing plants around the US that run off garbage and wood chips. The technology is actually coming from a company based in Sweden. Can you help him on the money side? Send me a link to their website.
I find clean tech very interesting.
How did you get your job? Did a summer internship then got FT conversion.
What college did you go to? I went to LSE (university in the UK)
What jobs did you work before getting this one? Did another internship whilst at university at an oil company.
At what age did you get this job? 22.
I hear the GS company culture is like " a frat on steriods" true or false? False more than true but depends on team.
Is it as cut throat as I have heard with the bottom 50% of people getting sacked each year to make way for new guys who will probably be sacked the year after? Bottom 5% is more accurate. 7-8% in a bad year, 3-4% in a good year. It's a fine line between 'cut throat' and having a 'healthy competitive atmosphere'. But we'd be out of business very quickly if we kept firing half of our staff every year...
Is there any stock I should look into in 2013? Long term or short term. Short term- African Barrick Gold. The chinese walked away and so the share price plunged and despite serious operational issues, the massive drop has presented a golden buying opportunity.
Long term- anything to avoid inflation, inflation scares the crap out of me and is going to be a big problem in the Uk and elsewhere in the future.
Also buy into soft commodity boom e.g. meat in africa, think zambeef etc if you can find an attractive entry point.
What's the best preparation for an interview with an i-bank? I'm over here in the states and come from a non-target. Read WSO, the forums are full of useful hints and tips especially for non target guys. Depending on what area you are applying for, make sure you know some really good examples and stock pitches as it is amazing how many candidates lack knowledge e.g. if applying for ECM for god sakes know some of the recent IPO's and likewise for equity research have good stock pitches and have conviction when presenting. Best of luck!
How important is your undergrad majogpa I'm double majoring in Econ/Conflict resolution studies with a possible minor in poly sci (depending on how the credits work out) I got a 3.9 gpa last semester but it only brought my overall gpa to a 2.4 because fuck klonopin. I should have at least a 3.0 by graduation, but I'm wondering its worth it to pay for and retake my first semester. Can I have $373 dollars? :D :D I promise only to get moderately drunk with this money. Sorry, a lot of questions, thanks for answering. Oh also, one last thing, all else being equal, is calc I enough math to apply for analyst job? or do I need more? Undergrad course choice is not that important for IBD but obviously for more quant roles you need maths skills Again i am sorry but i am not very clued up on GPA Ok i give you money but first you have to register yourself as a charity so that you can gift aid it and get much more!
Where did you go to college? LSE.
As an undergrad? How hard was it? I hear it's very difficult. Yes, undergrad.
Harder than most places depending on your course. Especially as you are competing with loads of kids from Asia who do extra calculus to relax.
How do you see regulation affecting the overall banking culture? Everything I have been reading and what people have been saying is that the culture is changing. Have you been seeing this? I recommend reading "The Culture of Success" by Lisa Endlich.
Also how do you like the goldman culture? Regulation is hurting us...but: Link to business.financialpost.com
How much total did you make in each of your years at the firm? I don't want to get into specifics.
But for your first three years as an analyst roughly 50k-70k (£ not $)
As an associate 120k-160k.
After that the numbers get exciting.
What tools do you use on a regular basis? Excel, Outlook, Excel, Outlook, Excel, Outlook...powerpoint.
What is the biggest reward of working in IB? Where I study, students with high grades are pushed to chase the prestigious internships firms like GS, MS, etc offer. Their reasoning why they chase these jobs is that they think it is the highest (prestige) in finance they can go or are attracted by the money. It seems shallow to me. What does IB offer that makes your career personally fulfilling? Why didn't you choose to work elsewhere? I find what i do at the front end of the energy sector fascinating. If your interested in business or globalisation or other similiar areas then IBD is pretty much at the cutting edge of it.
Thanks for the reply! When you were first starting out at GS, were you able to balance a personal life aside from your work? Has it gotten easier as you have gained more experience? Would you recommend IB as a field to pursue to your own children today? Thanks again! I'd say during my first 3 years as an analyst the 'balance' was almost non-existent i.e. i was regularly working 100+ hours/week. Since then it's become easier year by year and i think that's true for most. And yes certainly i would encourage my children to pursue it - not that i have any yet.
Where did you go to uni what was your gpa? how many physics majors work their? did you start off as an intern? sorry for rapid firing questions. LSE (london school of economics) - first class honours but don't know how that translates into GPA.
I know only 3/4 physics majors in the office at the moment.
Yes started as an intern.
Do banker run the world? how much political influence do they really have? It works two ways. Some bankers have their fingers in politics in a way they perhaps shouldn't. But equally many politicians have their fingers in banking and can force our hands.
How hard is it for a non ivy leager studying finance to get an entry level job at GS? what about internships? Tough. But with enough internship experience beforehand it's possible.
What do you think of Forex? Would you ever trade on it with your personal money? Difficult to answer - you can trade forex in a million different ways - some ways are more interesting than others. I don't personally trade it, but others forge a very successful career out of it.
What was your bets investment in? (If that's how it works) That's not really my role in IBD.
But outside GS I invested in the Shanghai property market a decade ago or so. My 4 flats there are now worth 10-12 times what they were worth then.
WTF caused the 2010 flash crash? Good question. Nobody knows for sure.
From the link you've provided, I find no.2 the most plausible explanation. But I would also add 6. UBS did something stupid again.
As hardcore capitalists what is your feeling about (management of) banks that seem to live under the impression that profits are for a happy few while losses should be carried by tax-payers? That's not what I believe at all.
And by the way all of us are tax payers too. The top 5% contribute approx. 50% of the government's taxation revenue. So if losses are being 'carried by tax-payers' - that doesn't exclude people in the banking industry by any means.
Matt Levin at Dealbreaker (former GS guy) describes Investment Bankers as "Travelling money salesmen". Do you feel that this description is apt? The operative word in your question is 'former'
Do you think that's how he described investment bankers whilst he was still with the firm?
People tend to get very bitter and sensitive after they get fired. See Gregg Smith for further evidence..
Is an MBA necessary to be competitive when looking for a job or is a B. Comm enough to compete with others when looking for jobs in the industry? Depends on what entry point - if you do an mba then you apply for associate entry whereas b.comm is an undergrad degree and so you apply for analyst roles. If you do a b.comm at a top university/college and get some internships then you should be well placed. Good luck!
Do any of your co-workers frequent Reddit? I imagine less than 0.1%.
Then again 2 people on this feed at least have claimed to be my co-workers, so who knows...
Since you're new to Reddit, what made you want to do an ama here? I'd like to alter the public perception of bankers - not all of us are the obnoxious greedy individuals you read about in the media.
I'm also extremely interested in hearing what non-finance people see as our key economic issues at the moment - this seemed a good way to find out.
Proof? How do i upload photos? i will upload photo proof. Sorry not very experienced with reddit!
I am a senior in high school and I am interested in majoring in either accounting or finance, but I don't think I know enough about either career path to make the best decision, can you explain the large differences the two paths I would go down depending on major, or any advice that may influence my decision that I would not know at this point? What you choose to study doesn't necessarily determine the industry you'll end up in. We have guys in the office who studied history, languages, even medicine. Just go for what interests you the most and focus on getting high marks.
Curious as to what kind of degree you hold/what was your GPA in college? BSc. Economics degree from LSE. First class honours, don't know about gpa
I used to work for the swiss banks and swiss stock market indirectly, and have a few friends in the banking business, including GS and Nakamura in London. What is your personall opinion on prostitution, cocaine, and medication misusage in your business? Also, also what is your stance on GS' questionable involvment in Backpage.com? With regards to backpage.com, the guys on the deal did not do their KYC checks properly. KYC checks are crucial for banks- your reputation and future success is more important than any single customer. Look up riggs bank and the Obiang family and then you'll see!
Possible. But realistically those kind of excuses are given no matter what really happened. For a company as big and powerful as GS I can only take it with a grain of salt. Are you content in the way GS does business from a moral point of view? It's either a pinch of salt, or a grain of sand...
Thanks. I'm not a native english speaker and have not used it regularly for years, so it's gotten pretty shit. Any chance you answer the other questions? Yes, apologies. I think some of our deals have been morally reprehensible in the past. The same goes for any major investment bank. But i think we've done a very good job in 'cleaning up our act' over the past few years and the public has played a large part in that. With any luck we will see a much healthier banking industry soon.
How accurate is what is said on the Twitter handle @GSElevator? It's grossly exaggerated, but not entirely inaccurate...
You guys got trolled hard. A GS IBD guy not knowing how to upload something to the internet? Seriously wtf. Probably some guy from wso who wanted to feel like he was "in". Link to i.imgur.com Just doing some work now! Link to i.imgur.com In case you wondered what Lloyd's signature looked like.
Is there anyway you can help me out, connections or anything, someone I should talk to to get a interview? Can you interview me, I shall forward you my resume! Private message me and we will discuss. Sure i can help you out. I know how tough it is for you guys who are trying to get in!
Any thoughts on the MSI/SSG mini-scandal this week? Yes but won't comment.
Very hush hush.
I also work for GS. Which building are you in? I'm based in PBC. Also IBD, North. Would do an AMA and provide proof. I'm in PBC too, moved from RC quite a few years ago. I'm not sure exactly what sort of proof i'm supposed to provide...?
Would you say you were groomed for this kind of work from a young age? LSE is an elite school. Did you go to elite private schools growing up or were you an exceptional student at a normal school? Yes, Jimmy groomed me from four years old
Do you like your job, or should i say career? Yes. If i did not then i would go and sail around the world again.
From your experience, how relevant is CFA nowdays? Definitely worth doing.
How large was your Xmas bonus and did it get taxed over 50%? See below - total comp was c.600k and yes taxed above 50%
You said in other replies that you were 22 when you got this job and make 600K now. How old are you now, and how long did it take you to get the that salary level? Is it all commission? Was analyst at 22 and then moved up the ranks. Just turned 30, feeling old now!.
Can you give some insight on the business model of Investment banking? (I have no clue to be honest) . And what does a portfolio manager do exactly? Portfolio manager is not IBD. He/she would work in investment management e.g. for blackrock or GSAM or a hedge fund.
I'm currently writing a thesis on the future of rentierism in the gulf with an emphasis on Saudi Arabia. I don't have much of an economic background apart from this, but the international energy market is obviously important to my research. Can you recommend any good (preferably free or low cost) primers and newsletters on the subject? Hmm there are many on energy market but not too sure about rentier specific ones. Will have a think. I did my university thesis on Saudi and so will have a dig around.
How do you live with yourself? Knowing that the company that you work for doesn't give a fuck about you or anybody. All they care about is money. They have ruined america many times over. Seriously, how do you live with yourself? Actually our business is dependent on America and more importantly the rest of the world's prosperity. So actually our interests are nicely aligned.
Link to www.rollingstone.com. Seems to me like your bosses and former bosses don't give a flying fuck about anyone but themselves. Can you name one good thing Sachs has done since you have been there? I think you meant 'don't give a flying fuck" in your comment.
Do you happen to work with quantitative analysts? Depends which deal we are working on. Sometimes we need them, other times we don't.
What's your retirement savings invested in? Property (international and uk), shares mainly through tax efficient ways e.g. isa and EIS, pensions and artwork.
No swiss bank account i am afraid.
"The first thing you'll realize is that they are extremely disciplined. You would never come across a Goldman employee, who would, after two or three beers, say "My colleagues are a bunch of dickheads" From Money and Power William D Cohan. What do you have to say about this? I agree with it.
What advice would you give someone who is interested in going into finance and is currently in university. What would you have liked to do in your time spent at LSE now looking back? Party more! You only live once. You can have that advice for free.
Thanks for the AMA. Do you know anybody I could speak with regarding interviewing and internship opportunities? Private message me.
Doing an AMAA are you putting your job at risk for releasing company secrets/opinions whatever? I've not released a single company secret.
Edit: added an A to AMA. There's nothing in my contract to say I can't express my own opinions.
What do the hopes and dreams of Americans taste like? Raspberry sorbet, in my opinion
What is your feeling on the separation of traditional banking and investment banking as is proposed by the FSA? I think overall it's sensible - Barclays being the best example of why they should be separated.
At GS specifically of course we're not involved in traditional retail banking at all so it's not the most pressing issue for us at the moment.
You mentioned 80 hour work weeks. Could you explain the timeline for your typical work day. Do you work 7 days per week? Is your work more project based where you go non stop and have some time off between projects? There's no typical working day - some days are 18 hours and others are 12. Depends entirely what stage of a deal we are at. Generally I work 5/6 days a week, but keep in email contact with the office 24/7.
Yes, entirely project based. But if we are doing our jobs properly there's not much 'time off' in between.
I'm currently on target for a 2:1 or a first at university in my economics degree. But due to a slight hiccup in my a-levels, in which i got A* A C, still managed to go to a top 10 university but do they look at the C, which was in maths. Your university grades are definitely more important. If you do well in a mathematical module at uni that will allay any fears they have about an A-level grade.
Do they look at a-level grades and expect a minimum maths grade? I'm not bad at maths by any means, just an unfortunate anomaly in the exam season. Which uni are you at and what do you study?
Manchester and economics BA - but i have econometric modules and another mathematical module for 2nd year. Any chance of switching it to a BSc? Immediately reassures employers about your quantitative skills..
Hello there, first of all I want to thank you for doing this AMA. I am a dutch college student and currently I'm writing an essay about the BRIC countries. I used your book to write down predictions of their economic future, and I'd like to ask: did you participate in writing that book? Are you referring to Jim O'Neill's book? I have a copy on my desk, but no I wasn't involved in writing it.
What do the guys at GS think about @gselevator? See same q&a earlier on!
How often do interns get recommended to come back? In a good year, approx. 50% of an intern class will get hired.
In a bad year (2008 for example) perhaps only 10% or 20%
Any opinion on Nautilus Minerals? Can't comment on that company i am afraid.
How do you feel about manipulating the currency markets to screw over the average retail trader? I don't know what you are talking about.
Have you ever seen American Psycho? Yes.
I am going to copy and paste this in an email and send it around my team. You will famous at the firm, well at least in my team in london anyway! Yes of course i fucking do. The future is inevitable. Chuck Klosterman i like your name. That would also be an awesome interview question! And i give them 5 secs to answer.
I highly doubt GS interns work for free. I've almost never heard of an internship in finance that didn't pay -- most firms I've encountered usually pay the same base wage as the first year full timer positions you are interning for. Interns in front office at GS in london get circa £42k pro rata. So not bad for a summer job and remember no tax as they are below threshold across the year!
Gold Mansachs. Not sure about that one.
I prefer Goldman Snachs, the name of our canteen.
Yes, Jimmy groomed me from four years old But yes went to a private boarding school before. Widening the diversity of applicants in IB is a key target for HCM.
What is the future of investment banking in a new world order where both governments and the people are fed up with the excesses that led us into this credit crisis. The industry is always evolving, that's what makes it an exciting industry to be in. I imagine it will take us a good few years to fully regain the trust of certain clients, but ultimately if this whole saga causes us to readdress our methods and practices to improve our service then in the long run it's a positive outcome.
PS. Do you not think people should be fed up with the governments too, as well as the banks?
Not OP but I can answer this as a 2012 intern who got converted for Programming. A Math degree is a good +. There are 2 ways. Either join in as a programmer, show your merit and change departments, ie move to Quant side. Other option is to get a MBA, and join the I-Banking dept you want. What's your name?
Do you have any books or resources you'd recommend the layman for learning investment skills (i.e. the wealthy barber) I ask because i feel there is a lot of crap out there and would like to genuinely learn. I have never heard of the wealthy barber.
Last updated: 2013-01-16 15:54 UTC
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[Table] IAmA: I am Timothy Sykes: Ask Me Anything

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-04-22
Link to submission (Has self-text)
Questions Answers
So you've managed to be in the green during the years when any idiot could throw darts at a dart board for stock picks and derive gains. What happens when a bear market comes along? LOL I love my haters/doubters, why are u all so inept? I do BETTER IN BEAR MARKETS, I'M A SHORT SELLER YOU MORON! LOLOLOLOLOL.
You also manage less than $4M and only have $1M in your trading accounts right now. I wouldn't trust a lot of the people I know with more than that in their accounts for advice (and neither would they, that's why their money is managed by others). So, what exactly is it that makes you qualified to give advice for long term success for other investors to follow you? I could trade with $20 million and probly make $10-15 mil/year but then i wouldnt be able to teach which i love more.
Do you know the success rate of all of your subscribers as a whole, including the ones that didn't stick through your "program", do you have any stats? Not just the two millionaires? U can see alll my students trades, add up the profits, go fetch, Link to profit.ly
LOL I love my haters/doubters, why are u all so inept? I do BETTER IN BEAR MARKETS, I'M A SHORT SELLER YOU MORON! LOLOLOLOLOL. As a sell-side analyst who has worked on Wall Street for several years and has met analysts and portfolio managers at the largest hedge funds and investment banks in the world, I'd like to ask everyone reading this a question: would you entrust your life savings to a guy who talks like this? Do you think the people at Goldman Sachs or Third Point talk like this? The good thing is i dont manage other people's money, all i do is teach lessons i've learned over 15 years...ignore my rules at your own risk, nobody forces u to learn them...
How did that hedge fund you started work out? I was the #1 ranked short bias hedge fund for 3 years and then tried investing as i got too greedy...overall made 2%/year over 4 years, still #1 ranked in my category, see details Link to tim.ly i accept your apology for your laziness.
I do BETTER IN BEAR MARKETS. Have you traded in a bear market before? Because to me it looks like you started trading shortly after the crash. i could trade with $20 million and probly make $10-15 mil/year. Then why not put more money into your trading account, it's not like holding more than half your in assets in cash is somehow going to improve your awesome performance? but then i wouldnt be able to teach which i love more. If you love it so much, why don't you offer it at a more discounted rate than $1200/year per person? For that much money most people could buy all the best investing books on the shelves. Are yours somehow better than everyone who has come before you? As well, at $1200/year, if you only have 10k in your account, that's 12%/year. For 12% a year you could hire some of the best money managers in the world, or even for a flat rate fee, you could find at least a half-decent financial planner. What advantages do you offer over those people? u can see alll my students trades, add up the profits. After factoring in relative risk, and performance relative to the market, how does this fare? I mean if all your students at so successful why not display that front and center on your page, I'm sure it'd draw in more customers and there would be more faith in your advice. Your own success and the success of a few hand picked students isn't a lot to go on. How do you become a better sprinter, do you ask the world's fastest sprinter, or their coaches? Do you judge these coaches based on the performance of the most skilled students (who likely had an innate ability to begin with), or do you assess them based on the sustained increase in performance across the board, relative to other coaches? Generally the guy with $500k in his bank account is going to have an easier time making 1M than the guy with $5k in his account is. I'm not hating on you, I'm just asking why some of this data hasn't been gathered to show just how successful your students have been, relative to the rest of the people in the markets they've been trading in. go fetch. Are you aware of what selection bias and survivorship bias are? Also have you considered offering a full refund for people who have blown up their account after buying your books? Where do you see your investment future headed with these sizable gains so quick in your short career? Do you think your performance will compare to that of Berkshire Hathaway, or the Medallion Fund in the long term? Yes i've traded bear markets, i made my 2nd million dollars 2000-2002, u have a long comment but u didnt bother researching me so i have no time for lazy people, sorry!
In the wake of Flash Boys, if you could recreate the market to your specs how would you want it? Single exchange? No maketaker? No darks? Trading pauses? Cancel fees? No Internalization? People whine too much, i could care less about HFTs.
Why does google have more scam accusations than success stories when I search your name? Because i expose scams and those scammers spread lies...already sued one penny stock promoter and won, but their skillset is spreading misinformation on the internet so it works well to smear me...but they couldnt stop Link to tim.ly or Link to tim.ly and as i create more millionaires, more people will realize i'm 100% right...until then let the haterade flowww.
I love how so many of the people asking questions here are ~5 hour old accounts...Got a bunch of your students pumping and dumping your AMA too? I just sent the link out to everyone we dont give a crap about reddit, stupid hater.
My question keeps disappearing for some reason. ??? On a $15,000 account, what position size ($) would you risk, max, and what % gain target would you shoot for to minimize risk in partial fills/no-fills? I know this depends greatly on volume. I answered it in long before, no time for double questions.
You are quite the heartless prick. You publicly laugh at all the traders when your short brigade tanks a stock price. Has anyone recognized you in public, walked up and threatened you? Nah actually everyone who meets me is very thankful for my tireless work and EDUCATION...anyone who hates on education deserves to be poor.
Do you want to eventually settle down with a wife and have kids and get out of the spotlight?? And do you ever get tired of the fame? Of course but i never get tired of trading/teaching.
What indicators do you use to find earnings/contract winners? What news sources do you read through? How do you find them? Go watch Link to timothysykes.com
2pac or biggie? Eminem.
If you're so fucking rich why do you need to sell shit? Why did you make this AMA? To get more customers. Those who can't do, teach. Link to www.timothysykes.com
You're a typical lazy, inept hater, u accuse before u do research, sad.
Tim, big fan, love the instagram photos. Quick question, why not use options to position for trades (assuming they are availalbe in a particular name at all), rather than long/short? I've had problems getting margin approval (long story) even though i make six figures a year, so buying calls and puts is where im at right now. thoughts? Less serious question, "on a scale of Moses to Hitler" (Andy Samburg quote), how Jewish do you consider yourself? Favorite brand of coffee? Favorite toy? My stocks arent usually optionable, oh how i wish they were :) i dont drink coffee and no time for toys.
TIM SYKES. If you had a son or daughter, which majors would you want them to study? STEM field? Liberal arts? Other. Pic related: Link to i.imgur.com. College is useless, I'd want them to live and learn in the real world.
How was the conversation with Wolf when you guys ended the little Twitter war? What caused that whole mess? It was me probing whether he was a stock promoter or not and i'm confident that he's just a naive newbie.
Are you familiar with BullsOnWallstreet? What do you think of their trading education, chatroom, and hedgefund? Yah, nice guys but i dont know their teachings/track record, try to get them to post publicly on profitly.
What % of your income is from trading, what % from subscribers/dvds/marketing etc.? Link to mixergy.com
Hi Tim, what advice would you give a new trader with a very small account ~$500. on the best way to grow the account over time? Focus on volatile stocks and realize my top student started with just $1500 and turned it into $1.71 million in 3 years...anything is possible if u study and work ahrd.
Tim, what is the tech analysis software you use in all of your video lessons. Is it thinkorswim? Its Etrade PRO but I don't recommend them -- I only use them as I'm superstitious and have made too many millions of dollars with them over 15 years...Otherwise I'd recommend Link to stockstotrade.co as it has great scanning/screening tools too.
Tim, as happy as I've been with my Silver sub so far, I was a day trader for four years in forex and am a bit burned out on it. But I do love swing and positional trading and have really fallen in love with options over the last six months. Right now I am thisclose to buying Tim Longterm. Do you get a lot of optional stocks in the TL program? Cool yes timlongterm has more optional stocks.
How did you become interested in the stock market? Read Link to timothysykes.com
How has your self-made wealth changed your lifestyle? Yes i live very well now :)
Where do you see yourself in five years? Depends how many millionaire students i can create.
Was trading stocks your first career choice? I never thought about careers, i just made a ton of $ when i was young and liked doing that so i wanted to do it more.
Tim, I've been a silver sub for about three weeks now and have made some nice trades and done well so far, including a sweet +13% on ARTX (would have made more if I'd waited for it to break support). But I haven't seen any of the big-spike penny pumps happening so far. How often do you see them happening? Cool, big spike penny pumps were every day in dec, jan, feb...they'll be back but u just missed the busiest season in 15 years.
How would you invest / what would you buy for $100 ? I'd buy a good sushi lunch for that amount, it's too low for stocks.
How much does it cost to become one of your students? Go look Link to timothysykes.com prices rising soon too so i'd lock in current prices for life if i were u.
I should've clarified, how much is it to become one of your millionaire challenge students? Depends, we offer different options, gotta apply and be accepted first anyway.
Differences between the Tim Sykes Challenge and the silver membership? See Link to timothysykes.com
Do you regularly give talks/seminars at colleges and universities. Would you ever consider coming to a smaller university to give a lecture on stock trading and smart investing? Yes hit up Link to timothysykes.com
What do you think about forex? I just started larning about forex, because here in méxico there is not much information about penny stocks; and As i said before I want to make the amount to take you challenge. Too low odds of success for me to care.
How backed up are your email responses for trader challenge requests? And what is the difference between silver and being accepted into the challenge. And by differences i'm referring to benefits. 75,000 emails or so.
Thoughts on fspm? Below technical resistance so its irrelevant.
When you were growing up Tim, in your teens, did you look into the future and want to be wealthy? Was it a dream of yours to be where you are today or did you decide so much later on? Always wanted to be wealthy, thought i needed to go to a good school & get job on wall street to make it happen.
When you first started out.. How did you handle the stress when you weren't trading? I'm having some crazy up days $12k+ and then when I make a shitty trade and lose $3k I wanna throw something... No stress if u stick to rules...i didnt have rules at first and that was stressful...i didnt have a mentor either...luckily for u with me in the picture u now have both :)
Dear Tim, I have a dream of making an automated trading machine out of your system, I have experience and the trading floor access. In your opinion, why shouldn't it work ? (I can automate: market research, stock picks, technical indicators, risk management, money management etc.) Do it up, i'm sure it would work I just havent had the time and I'm more interested in teaching people to be self-sufficient.
When did you start trading? Go read Link to timothysykes.com and stop being so lazy.
Would you accept a deal to start being your student? I sent an email but i'd like to know what do you think, if the answer is not, it's ok; but i want to know what do you think; No time for deals, only looking for dedicated students.
Any plans to expand the conference / speaking opportunities for you and your other gurus? I loved the Vegas event and think there is a large opportunity for smaller, regional Saturday events. Thoughts? Ha nah in person events are a biatch, focus on online teaching is better.
I have to ask how often do you check twitter for hot news/tips? Also have you heard of Mark Gomes he is more like long term investor. I can't do margin on my ira so lose out on a lot of opportunities when trading. Gotta let the funds settle. I could care less about news/tips, I'm ALWAYS searching for good patterns though.
Amazing call on artx I'm now number 1 in my finance class stock game Nice!
I'm 23 years old, looking for stock investment options. What type of stocks should I be looking at with about $500 to spend? Nothing, forget about investing with $500 and learn trading, watch these free videos Link to tim.ly
On a $15,000 account, what position size ($) would you risk, max, and what % gain target would you shoot for to minimize risk in partial fills/no-fills? I know this depends greatly on volume. I am more aggressive in my trading when my account is small, I'd use 30-50% per play but watch the play like a hawk...for example I shorted ARTX yesterday at 4.50, today it dropped to 3.90...if i had $15k I would've shorted 1,500 at 4.50 and tried to cover at 4ish today to lock in $750 profit...then rinse and repeat and gradually grow the account.
How much money do you have in your checking account right now? I dunno exactly, a few million last time I checked.
How often do you take money out of your trading account to spend? monthly, quarterly, annually or as needed? Annually.
Hey Tim I am a big follower of yours on twitter and am considering purchasing your news letter. I got lucky and got in some marijuana stock in November and pretty much didn't look at it until February when I sold. I quickly found out how lucky I was afterwards by not taking profits on other stocks I had purchased. I was looking for another 10 bagger and quickly realized how rare it is for that to happen. My question for you is what type of percentage gains do you look for before securing profit? Nice, normally i go for 10-30% gains, watch Link to tim.ly
What is the best product on your site to strictly see your stock picks? The best bang for my buck? My newsletters at Link to timothysykes.com but picks do little good without knowledge/education behind WHY I am trading them.
Last one from me. I know you say to not be long before ERs but what do you think about Facebook with their upcoming ER ? Last time they jumped $10 but with the WhatsApp acquisition their stock has fallen back to where it was before last ER. Don't guess on earnings.
You say college is useless, and I agree. What do you think should change in the education system to make it more relevant? I'm doing EXACTLY what i think more teachers and their students should be doing.
What's the douchiest thing you've ever seen? Too many characters needed, basically any Wall Street/Murray Hill party/event.
What would happen if too many people caught on to your short sale strategy? What strategy would you then adopt? I was hoping that would happen when I first got into teaching so I could get more sleep! Sadly only a few people take the time to learn...I also buy and am up 100% in 4 months in 2014 mostly buying too.
Where can I find more information about the event in Harvard? Just moved to Boston. U cant it sold out within minutes but we'll have it recorded for ya!
Thank you for the AMA and your reply. I bought your DVDs recently, but haven't finished. What ratio would you say your income is based on, trading vs. teaching? I ask because I think I would prefer teaching, but I need to learn first. So should I be learning to teach, or learning to just invest personally? Teaching vs trading is something like 10-1...the cool thing is EVERYONE wants to be rich, the sad part is not many are willing to study hard to get there.
Hey TIM, I am a Pennystocking Silver member for about 2 months now and have been trying to figure out what is the maximum size position you can take when long on a stock? How do you know when to buy 100 shares or 100,000 shares? I have been making sure not to buy more than 2% of a stocks daily trading volume, I think I heard that in one of your DVDs, is that accurate? There is no set maximum or minimum, every play is different...just gotta be comfortable and understand your risk/reward BEFORE making the trade and then stick to the rules during the trade.
Any recommendation to control overtrading? Btw I am flying all the way from Miami to Boston to be at Harvard on saturday, someday not too far I will be one of your top students :) As I say in my Link to timothysykes.com DVDs, I try to think of myself as a retired trader who only comes out of retirement for the perfect setups when I know I'll feel guilty missing...otherwise I'm retired ALL the time, understand?
In An American Hedge Fund you mention that you met a trading coach at a large hedge fund you were interviewing for. Later you said you bought all his books. Would reccommend his books/ mind sharing his name? It was Dr. Ari Kiev, sadly he died, but he's written some great books, use Google.
Besides your book that I enjoyed, do you have a few other books you would recommend? Yes go read Link to investimonials.com
How did you know to short it since it gapped down right at open? I shorted yesterday, see my video lesson I sent out mid-day yesterday too.
How long do you think BIOF will stay up before it will start going down? and what is holding it so far? Irrelevant chart pattern, gotta focus on Link to tim.ly patterns if you want better odds.
Tim! Which actress do you think is the hottest? I like Scarlett Johansson a lot! (and thanks for changing my life!) Nobody can compete with my girlfriend :)
Make sure she reads that post ;) I will :)
Who would win in a fight you or superman(supertrades)? Superman, he's strong and fit, I'm overworked and out of shape.
Here's my question: What is your favourite stock? Also you should come into this chat: Link to webchat.freenode.net. It is the official unofficial chat for /wallstreetbets -- a sub which adores your trading style. Thanks for taking the time. Link to tim.ly
Hey Tim, huge fan, ive watched ALL of your DvD's expect for the how to read SEC filings. And i've been following your exact strategy for finding stock picks that you showed in your TIMfundamentals part deux DvD but i never find the same one's that you trade, for example ARTX did not come up on my watchlist. Did you change your strategy on finding stock picks? If so, what's new? Link to profit.ly
Have you ever considered world domination? Nah thats boring, my focus is world education.
I haven't read all about the challenge information yet, but how much is the amount I have to bring in ? Different for everyone first u need to apply and get accepted Link to tim.ly
Can you make a gif animation of you flying to da moon and post it every time you tell us your stock picks? Sure I'll put it on my to do list.
Tim I am I college student and I started trading this year mostly because of your story. I have bought into the company TWD (tweed marijuana inc.) Do you have any suggestions for me? Ps, they're all just haters. Cool, the companies don't matter and TWD's chart is a mess, focus on Link to tim.ly patterns.
Right on, is the Vegas conference going to be a DVD also this year or is that the video you are talking about? BTW can't wait for the conference this year hopefully its the best one yet. Nah brand new DVD going over all the basics.
I'm low on funds so more newsletters or getting equity feed? About the same price so just pick one Data is cheap, good information from newsletters is more useful, use Link to tim.ly sale while its still on.
Hey Tim, I was accepted to your challenge but was unaware about needing $7500 to begin. Any way around that? I think what you do and how you help people is great. I'm guessing you have someone answering your emails so I thought this was the best way. Thanks. Gotta invest in your financial education, my program is a steal given the value of what u learn...skimp out on everything in life, but not education.
To start off, you are my biggest inspiration for trading stocks. That being said, in the future I would love to trade with you like Tim G and your other students in the Maldives or other crazy places you go. I currently trade my own strategies and am making pretty good money. Do I need to become one of your challenge students to hang out/trade with you? Yup Link to tim.ly students get first dibs on everything.
Hi Tim, TimAlerts subscriber here, When you started out with $12,500 what was the lowest your account went to in the beginning, did your ever drop below $10,000 ? Go and look at the first 1,000 blog posts on Link to timothysykes.co i tracked EVERY trade.
Hello Tim, Big fan here & Silver Subscriber! Been watching a lot of your videos and I've read your book. I live in Denmark, so a lot of brokers won't accept me as a customer. Only broker I can find is SureTrader. What do you think? Cool i use suretrader they have shorts every now and then.
Do you lift? I used to, no time now.
Tim! I've been following you now for a while and have learned a great deal from you! I live in Boston and would love to come see your talk! Is there ANY WAY I can get a ticket?? Cool, sorry my Harvard talk sold out within minutes, but it'll be recorded.
What trading platform do you use? Read Link to tim.ly multiple brokers.
What is the best path i should take if i want to be sitting beside you on your next yacht adventure? Apply at Link to tim.ly then study your butt off!
Do you watch game of thrones? If not you should get on it. Yes its great, wish I had more time to watch them all a second time.
What do you think about the wild west of cannabis stock trading and do you think that it stands apart from the internet .com boom since it is ACTUAL product as opposed to a dozen guys in an office? Are they good for long term investments aside from possible law retractions being an obvious danger? Just the latest stock market sector craze, little different from nanotechs, 3d printing oil, gold, ethanol, alternative energy...pump and dump, NOT longterm holds.
How long will your 60% off newsletter be on? I want to buy it but my money is locked up in the market and will take about a week for me to have enough to get it. tia Just a few days more we cant have Link to tim.ly sale last forever!
Thanks for doing your AMA Tim! I currently am a TimAlerts subscriber and saving money to start trading some day as a (succesfull) European student of yours. I saw you are going to speak at Harvard in a few days, will there be a video of it afterwards? Cool yes my Harvard speech will be recorded!
Why are they not longterm holds? because its the early stages of the industries development? Theyre mostly scams and pump and dumps, development my ass LOL.
Any plans on doing a seminar anywhere on the West Coast some time soon? Yes hit up Link to timothysykes.com to be added to the earlybird list.
Question - how did you manage to post losses of almost 40% in '06/07 when the market was doing so incredibly well? I'm a short seller for one and second read Link to tim.ly I detail my losses in depth.
Timothy. My mentor. Why your loosing trades show profit in your page ? 4/10 MDBX $23.25 $22.1 $4365. Tell me how you enter at 23.25 and exit at 22.1 making $4365 in profit please. You have to teach me this magic !! It's called short selling you incredible nitwit.
How much money do you make in a year from your DVDs, trading challenge, and subscriber alerts? Link to mixergy.com
I lost 70% on SPLI, 40% on ERBB, and, 40% on MYEC, and 30% on MINE, should i hold? Sorry to hear, they can always come back, but I wouldn't bet on it...gotta learn my Link to tim.ly rule #1 cut losses quickly.
I'm a college senior. Would you recommend me working at an investment bank or tech startup? Do both, make connections everywhere.
What characteristics do you look for when people apply to your "Tim Challenge?" Dedication, ability to follow instructions, hunger for immense wealth.
How many cars do you have? I have 2, a Lamborghini and Porsche.
Is e-gear hard to drive? I have a automatic setup on my cayman s. Nah its easy.
Can you annotate a chart of any instrument with price action or indicators? Yes.
Tim, you have mentioned you have students from outside the US. Have you recommended them any brokers in particular or do you happen to know witch they use? Trading the OTC seems to be a common problem for us folks outside the US. Any input on this would be appreciated. My preferred Link to tim.ly all accept international customers.
Hi Tim, NEWBIE. What brokerage account do you recommend? Thanks Read Link to tim.ly
Actually didn't know that. Thank you for your time Tim. YES!
Can my girlfriend borrow $500 to adopt her dog? Nope.
Hey Tim, I am a Pennystocking Silver subscriber and newbie to trading, and have been studying your teachings for about a month. Thank you for doing this AMA. In your book you say that the most valuable classes you took in college were micro and macro economics. I am an econ major and am curious as to how you apply econ theory to trading. Why do you value those classes so much, and what is the most important economic concept you apply to trading? Cool always important to know supply/demand, that basically sums up all of penny stocks.
Last updated: 2014-04-26 15:42 UTC
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