In the last few years, I got hit by a car while riding my motorcycle, graduated uni, and visited Korea for the first time in a decade. So, nothing much.
(>Blog, feel free to skip this part.)
I barely had time to breathe, so I liquidated everything and completely exited the market (and bought a used Porsche). But I always missed trading (and making money), and my long break had me deep in FOMO.
I never stopped charting, but never found anything fun enough to write about. NVDA up, TSLA down, etc. The usual. My friends loved making money off my charts, but it wasn't nearly as exciting as it used to be.
But as I took a look back on my charts today, I felt proud of my more recent predictions - and horribly embarrassed at my old posts. I'm still young, but I cringe at the younger me. He did his best, but he was still growing. He was so sure. So haughty. So... stupid.
The more I learn, the more I realize I don't know; and that nobody around me knows either. It's a bit crushing. The people who do know keep it all to themselves, and there are NEVER free lunches. But with a bit of dumb luck and a whole lot of courage, the stock market still feels a little less casino and a little more Glengarry Glen Ross.
Anyways, back to the stocks.
https://www.newtraderu.com/wp-content/uploads/2021/06/Wall-Street-Cheat-Sheet.png
You have to admit, it's a little similar, isn't it? Those who are familiar with this image probably remember it from 2016~17 when it was shared quite frequently online, long before trading became popularized via RH/BTC/GME.
This pattern is visible in quite a lot of stocks. I've seen it time and time again. Now that you've seen it, you'll see it everywhere as well. I chose an ETF, to show that even in a diversified and actively managed portfolio, this pattern is still present. It's pure market psychology, and it's scarily accurate. Only if the cheat sheet showed what happened after... what a shame.
But we do know. Refer to
BTCUSD
.
I missed this. Thanks for reading my obnoxiously long post.
https://ark-funds.com/wp-content/uploads/funds-etf-pdf/ARK_NEXT_GENERATION_INTERNET_ETF_ARKW_HOLDINGS.pdf
might be useful to you if you want to see more examples.
(>Blog, feel free to skip this part.)
I barely had time to breathe, so I liquidated everything and completely exited the market (and bought a used Porsche). But I always missed trading (and making money), and my long break had me deep in FOMO.
I never stopped charting, but never found anything fun enough to write about. NVDA up, TSLA down, etc. The usual. My friends loved making money off my charts, but it wasn't nearly as exciting as it used to be.
But as I took a look back on my charts today, I felt proud of my more recent predictions - and horribly embarrassed at my old posts. I'm still young, but I cringe at the younger me. He did his best, but he was still growing. He was so sure. So haughty. So... stupid.
The more I learn, the more I realize I don't know; and that nobody around me knows either. It's a bit crushing. The people who do know keep it all to themselves, and there are NEVER free lunches. But with a bit of dumb luck and a whole lot of courage, the stock market still feels a little less casino and a little more Glengarry Glen Ross.
Anyways, back to the stocks.
https://www.newtraderu.com/wp-content/uploads/2021/06/Wall-Street-Cheat-Sheet.png
You have to admit, it's a little similar, isn't it? Those who are familiar with this image probably remember it from 2016~17 when it was shared quite frequently online, long before trading became popularized via RH/BTC/GME.
This pattern is visible in quite a lot of stocks. I've seen it time and time again. Now that you've seen it, you'll see it everywhere as well. I chose an ETF, to show that even in a diversified and actively managed portfolio, this pattern is still present. It's pure market psychology, and it's scarily accurate. Only if the cheat sheet showed what happened after... what a shame.
But we do know. Refer to
BTCUSD
.
I missed this. Thanks for reading my obnoxiously long post.
https://ark-funds.com/wp-content/uploads/funds-etf-pdf/ARK_NEXT_GENERATION_INTERNET_ETF_ARKW_HOLDINGS.pdf
might be useful to you if you want to see more examples.