I’m old enough to still remember spending an entire week or even several months without hearing about some tragic event shocking the nation or sometimes the entire world. These days it seems that an ever growing number of terrorists and nutcases are literally standing queue for a chance to bring about their respective desire for revenge or to simply just to watch the world burn in perceived retaliation for their own personal failures. I could never imagine throwing my life away like that but it would be naive to say that these sort of actions do not have an impact on society as a whole on a long term basis.
I think it’s fair to say at this point that Bitcoin (BTC) and crypto currencies in general are here to stay. Although BTC continues to be volatile as hell its blockchain now holds over two million BTC wallets, a steadily growing trend I expect to continue in the future. The current hype surrounding BTC actually reminds me of the mid to late 1990s when the Internet started to slowly evolve from a novelty reserved to the domain of intellectuals and geeks to something you needed to be part of if you wanted to be hip.
If you still pay any attention to the incessant clickbait peddled on perma-bear frequented watering holes like ZeroEdge then ‘thank God it’s doomsday’ has probably become your daily maxim since back in 2010, give or take a year. Most likely you are either not a trader or were eventually forced to give it up after watching your account being taken to the woodshed on several occasions. To the more nimble and reality focused rest of us this does however not mean that we should let ourselves grow complacent. After eight plus years of almost continuous upside advances the question bodes as to how much upside we have left here before we’re forced to endure a deep [...]
We’ve got movement across the futures this morning which gave a much awaited boost to our sugar and soybeans campaign. I am the first one to admit that these types commodities contracts may seem a bit exotic to the average trader but in my experience they are a lot less painless than equities that most of you have been told are a ‘relatively save asset class’. That always seemed strange to me as I have seen stocks go to zero many times in my trading career, but I’ve never once seen it happen with a futures contract