TRENDING
One thing all traders have in common is that we are all human. Which means we are all subject to the whims and flows of our emotions in our logical decision making process. If you think you are the one exception, think again. Let me explain.
Crypto suddenly slipped off the plate earlier this week after dancing around the magic $50k mark. Fortunately our system kept us in the strongest altcoins which were the least affected and are already bouncing back strongly. Let’s kick things off with a proper post-mortem of what happened and where we’re heading next.
Here’s another golden rule of trading you will never hear in the financial mainstream media: The less information the market yields, the more participants will attempt to fill the resulting vacuum with noise. Which is exactly why market makers love the summer slump as it’s high season for selling over priced OTM calls and puts to hapless retail traders.
Something pretty interesting happened over the weekend as I was cruising Airbnb for potential weekend get-aways here on the Iberian Peninsula. Since I’ve always been a stingy bastard I’m not ashamed to admit that I was pretty perplexed by the exorbitant prices that I simply couldn’t square with the glaring lack of demand in tourism Spain currently is experiencing. Part of that of course is due to recurring and erratic COVID-19 lock downs and various other entry restrictions here in Europe. But some of it is also purely self-inflicted as excessive price gouging over the past years already started to be a topic of contention among visitors back in 2019.
How To Debug Your Brain
