Originally posted by tradesurfer
3 new year events that gave the market some confidence last night now what will happen if trade agreement happens ....
1.Americas job market is till extremely strong as we seen last night ....
2. Jerome Powell was dovish in saying we will be very flexible in 2019....
3. Chinese government stepped in with stimulus ......
The world is hardly crashing and with china which is our main player been in a bear market for over 1 year whats going to happen there ...... Which will indeed help us ASX has gone nowhere in along time we hardly trend with the DOw as in over % gain yearly as we know ASX - over the last 3 years whilst the dow has pumped .....
Really feel if this commodity boom happens as many articles suggest ASX will outperform lower aust will help as well ....
DOnt like the wild swings in the Dow rather gradual moves and more steadied rather than wham bam which creates investors to just stay away and trading groups too just pump together as we are seeing on the ASX atm there is a syndicate moving from spec to spec last week was RHT and 4ds the activity is exactly the same..... And same 2 stocks being pumped hard on social media so im guessing there is a few pushers helping out the behind the seems groups....
Anyways i had a shocking last 6 months - cash and went to a area mentally i have not been before since full time trading 7 years...
Where i went wrong was not listening to Mr Market when i was actually highlighting it in the STT for months that something was not right on the Dow Jones from sept- jan 2017-2018 ( even said it was going to be the most volatile ) .... Whilst i did sell 75% of my shares my ego took over and as we know 2017 was to easy i mean you pretty much just bought a spec and it went up daily... So after that big market sell down feb 2018 i started ignoring the market and my ego kicked in and i started building positions again.... Than spec liquidity pretty much vanished and crab pots were closed in for winter so being a position trader meant stuck as ......
Something that will stick with me is when to go big in positions and when to just trade daily movements and when the markets fire warning signals exit big positions and trade the wild swings and stay mostly cash until markets stabilise and see better money flow allover .....
Everyone makes mistakes and its those mistakes that make you who you are and a better person/trader for years to come .... I mean i been around the markets since i was 16 im now 37 my dad was in them for along time as well ... Just goes to show what happens when things become too easy it clouds your judgement and you dont think straight....
Everyone loves money no doubt and i do as well but i put on 15Kg in 6 months as i worried about cash and forgot about health and family life which turned me into a angry person and with sooo many twitter posters highlighting what happens behind the scenes i got mesmerised by this and i does make you angry seeing how the players get rich .... Should it tho? No .... Life is too short to cloud your mind with nonsense and worry about BS if you worry about what matters your mind can think clearly ....
So for 2019 im not getting involved with any negative social media garbage....
I have got back into swimming/surfing and going to the gym and to my amazement in crap markets the last few weeks i have made some great money.. As they say healthy body healthy mind .....
Something funny i changed my trading room 3x in 6 months lol as i thought it was the room even got smug sticks to get rid of the bad vibes ........
TS
I cut out most carbohydrates from sugar/fruit/rice/bread/pasta and now just eat green vegetables and meat. My blood pressure dropped by 10 points to a normal level and I lost weight. Everyone is different and maybe at my age 52 I was getting a little bit insulin resistant. Check out lowcarbdownunder website for the doctors who follow this evidence based diet.
Twitter for investments (eg. quakes99 for uranium) can be both a source of knowledge but also cult-like in the way they take any news as confirmation of their view. Many ASX uranium stocks have bombed in the last month or two. Timing is everything. Watching closely but not expecting a move anytime soon.
I am reading The Olympic Dam Story by David Upton and getting excited about the prospects for Torrens Lake Project. AIS/ARE may start drilling next week. Nothing beats a blue sky mining punt in Australia.
(20min delay)
