Biggest mistakes theory in practice.

The biggest mistakes and biggest reasons why traders lose keep being repeated. It is more clear when we can see it actually happen.
Here we can see the number of holders as well as the increasing money pour in into an Oil ETF while the price is going down.
When it will go up those that didn't hang themselves will break even so remind me to check robintrack.

United States Oil Fund number of Holders on Robinhood went parabolic as Oil prices plunged

robintrack.net/symbol/USO

Nosediving right now.

Trading was halted for this fund
www.streetinsider.co...ending/16765521.html


> Stop fighting fundamentals & trends because "it's cheap" or "some indicator"
> Stop averaging in losers
> Cut your losses


You can be sure that when they get lucky and get out in the green (and rapidely take minuscule profits) you'll hear from them, and when they get wiped out on huge losers you'll never hear that story.

Comment:

www.dailyfx.com/sentiment

IG clients:
- 84% bullish on Oil
- 76% bearish on the S&P
- 82% bullish on Bitcoin
- 96% bullish on Ripple (but it rallies 200% a day so hard to short it)
- 86% bullish on silver
- Mixed on currencies because they have no clue

*Nervously hits sell on Oil & Bitcoin and buy on the S&P

Retail traders somewhere 80% long on Oil (rekt)
www.forex-central.net/oil-chart.php

FXCM sentiment indicator down :(

With more brokers showing what their baddies are doing at some point all we have to do is do the opposite and then the edge is gone?

Trade active:

Short at 1400 on IG

Approximately looks like this:

Risking very little xd with huge potential reward.

If it makes a new high I will look for other opportunities to short.

Comment:

Nothing shouts "LOSER" more than getting rekt then whining and filing a lawsuit "daddy daddy he hit me please defend me"

www.investors.com/et...-money-xiv-meltdown/

USO Oil long ETF ending like XIV is possible.

Investors in VelocityShares Daily Inverse VIX Short Term Exchange-Traded Note (XIV) learned the hard way.

Reptilian brains got all excited because over the previous five years it had returned 2,200%.

Of course in 2017-2018 when stocks crashed the VIX shot up, and the ETF went... well this happened:

Lol I remember this guy from tradingview chat.

The VIX went down, could have made huge profit, a shame because the ETF imploded and that's it. Trading was closed.

7-8 years to go from a few dollars to 145 (with bulls celebrating all along and getting excited and laughing at bears), a few hours to eliminate all gains and more.

Bulls are not laughing anymore. It was predictable. They were warned.
But they were greedy and stupid and all excited by the gains and they laughed at bears.
And now those losers are not laughing anymore they are crying and going the lawsuit way. Pathetic.

Fun fact: Buying volume spiked when the price dropped (just before gapping down 100% xd). Correct if I am wrong. Trading View removed the chart, I understand they cannot keep everything but some lessons are important to learn.

Explained in this article:
seekingalpha.com/ins...-goes-bust-predicted

"Investors piled into this trade as it seemed to be the easiest place to generate return, and in large quantities."

Typical. "Ooga booga went up last time" "OMG I am so excited + 8000% best performing asset". Money does not grow on trees. Money grows in printers, but that is not real money. Nothing gets created out of thin air (should not have to explain this).

So same old story, noobs ignored risk, were totally oblivious to the laws of the universe (there is always a price to pay), thought they had free money, laughed at rational people that tried to warn them, got REKT, "booohoohoo lawsuit".