Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Reaver

For those that are full time now-how'd you do it?

Recommended Posts

So are you going to approach the markets the same tomorrow as you did today? I personally do not.

 

Yes and no. I have my approach to the market and I look at the market through that prism. Obviously I need to be flexible, but I'm looking for the same kinds of signals every day. I have a few different type of trade entries, but they are all variations on the same theme, though perhaps with different backgrounds.

 

JC said once that the job of traders is to try to push the market one way or the other. If it won't go one way then they'll try to make it go the other. That spoke volumes to me. Trader's don't know which way the market is going to go, but their participation in anticipated moves makes the movement happen. Those attempts to move the market and their successes and failures look pretty much the same every day.

 

The thing is to find an entry, stop and target system which you can can overlay on those attempts so that over the course of time you will come out ahead. That's pretty much what I try to do. Nothing complex about it but the trick is to find something that not only works but that fits one's own psyche, that resonates day in and day out. I think that's what Hubert did with tape reading.

Share this post


Link to post
Share on other sites
Nate, people with a very simple approach to the market who have been honing that approach for a long time can afford to not spend time studying their charts and all that. I personally used to spend sometimes 18 hours a day studying the markets. Do I now? No, I don't. I spend from 8am until 3:30ish doing market stuff. Other than that, I don't want to be immersed in it. Life's all about finding a balance and spending too much time on one thing puts it out of balance.

 

While trading markets that are out of balance is fun to do, living a life that is out of balance is not fun at all.

 

Chris,

 

To address this and the other posts you've made on this thread: You are absolutely right. And reading what you have written, I am in a very similar situation it seems. Just pretty much living life and cutting back on expenses. Me and my wife both work at a financial institution making decent money. I have put my career on hold and gone on cruise control so I can essentially be on auto-pilot all day and still be thinking about trading and not waste my mental resources and get burned out by the time I get home and the real work begins. My wife, however, has been moving up pretty quickly and we are almost to the point to if I wanted to quit and focus solely on the markets I could....but it would be a very close call....so we are hanging in there a while longer. So thanks for the ideas because I can relate to the situations you are mentioning. :)

Share this post


Link to post
Share on other sites
The biggest difference between a private and insitutional trader is that you simply can not call it a day after hitting your daily goal. Its serious work and you constantly have to be engaged in the markets regardless of market condition. You could be the worst trader in a choppy market. But in insititutional trading, you are required to stay at your desk and look for opportunities. This has forced me to expand my trading to make it adaptable to any market condition regardless of whether I like it or not. Bottom line is... get the work done every minute the market stays open. The morning 90 minutes I use to go over charts, read the entire newspaper, and watch SGX open up. Lunch session is used to take notes of my trades and write up a report on my own analysis and bias towards the afternoon session. Perhaps even create a strategy that I can use for the afternoon based on morning action. The work after the close is used to reflect back on the day, do my regular TA and MP analysis for tomorrow, see what areas I can further improve, see opportunities I missed and how I can focus on capturing them, reading the afternoon papers, watching Forex, watching post market SGX action, typing up my daily trading insights and journal, etc... Its become a habit so not as intense as it used to be but all the hours put in keeps me sharp and up close and personal with the market. I have need urge to want to be in complete sync with the market. This means understanding what the market is telling me each day, finding clues, etc... Discretionary trading must be supplemented with strategies. Intuition can take you far only if you have distinct strategies for each market conditition. So are you going to approach the markets the same tomorrow as you did today? I personally do not.

 

I understand Hubert just wakes up and trade. But he is primarily a scalper reading order flow. (which imo is amazing if consistent) I prefer to trade 1-4 times a day and try to capture nice intraday swings. My 2 cents :)

 

Note: Its not 5 hours straight work. :) Im taking cig breaks in between,

 

James, thanks for the info, it's good to get a snapshot of what a typical trading day is like for the daytrader.

Share this post


Link to post
Share on other sites
Nate,

For me, it required a leap of faith. I was a stockbroker making good money each month and when I told some people that I was resigning to trade, I can't explain all the variety of things I was told... I had built a strong book of business and was just going to walk away. It's kind of like putting in your time trading, getting successful and then leave. :confused:

 

But for me, it was something that I wanted/had to do. I wanted out of corp. America and wanted to own my own biz. I've always loved the markets so being a private trader was a logical step.

 

And of course, this has/is a tough biz to crack into. It took me longer than I thought. I mean, how hard could this be, right? :eek:

 

I think you'll read 2 schools of thought on this topic:

1) If you are going to get wet, you mind as well jump into the deep end and see if you can swim.

2) Put your tiny toe in the water and see if it hurts. If so, get out!

 

My belief is that if you are ready (or as ready as you think you will ever be), you jump and don't look back. And I mean jump. You either treat this is a full-time biz or treat it as a part-time hobby. NOTHING will replace 'face time' - time in front of the computer and charts in REAL TIME. It's way to easy to look at past charts and just see all the $$$ you would have made.

 

Now, I am not saying you take your life savings and place some large trades day one. I am saying that a full-time biz requires work before 9am, during RTH, and after 4pm. It means you live and breathe your biz. It means you pay no attention to the naysayers out there. It means you give it your all and don't look back.

 

To me, the absolute worst thing a person can do is always wonder 'what if....' Life is way to short to be wondering what if.

 

 

Hey Brownsfan,

 

Thanks for the post. I definitely appreciate it. I see exactly what you mean. Life is truly too short. Tomorrow is promised to no man...so we have to do what makes us happy, and never look back. It sure would suck to know 30-40 years down the road that I was too scared to follow my dreams. Very insightful post. I have been discussing this with my wife and we are getting a lot of preliminary planning done. It's going to be some time, but like was mentioned earlier- it takes time to run a successful venture. The posts from you Tin, Soul and everyone else are really helping.

 

It's easy if you are a longer term trader to know when you can quit working...because it is simply a matter of making enough big trades and looking at the finances, as you have the luxury of working full time as long as you need to since you don't have to be in front of the markets all day every day....but this daytrading thing is a totally different animal and had me lost....so thanks for the insight ya'll. It's priceless info.

Share this post


Link to post
Share on other sites

Definitely. Thanks man. And yeah the part you said about having a partner that is down for whatever is necessary is an invaluable asset. My wife is definitely in it too. She even puts 10% of her check into my savings to open my "big" account. She is completely supportive and that's priceless. ( I use the word priceless too much :D).

Share this post


Link to post
Share on other sites

Reaver, I can maybe give you an interesting perspective as i'm not full time yet, actually i'm going broke right now. I thought about going to school to become a nurse so I could get a job off market hours to fund my account last year but that was absurd. Then I stopped working in jan, went back to school to get a degree in economics so that i could be a broker/financial advisor to eventually work up to trading full time. My courses were a disgrace compared to what i learned on my own. I finally said screw it, i'm all in, trader or poverty. I just emptied my stock account to buy a cheap house, looking for a shit second shift job that i can save, get expenses down to nothing then save a grub stake. maybe it takes 3 or 4 grubstakes before i stop ever working but if this is your life there is no option.

Brownsfan's little "treat trading like a business and it will pay you like a business...treat trading like a hobby...."

This is such a tough business to break into, the idea you don't go all in and bet your life doesn't make any sense.

Share this post


Link to post
Share on other sites
Reaver, I can maybe give you an interesting perspective as i'm not full time yet, actually i'm going broke right now. I thought about going to school to become a nurse so I could get a job off market hours to fund my account last year but that was absurd. Then I stopped working in jan, went back to school to get a degree in economics so that i could be a broker/financial advisor to eventually work up to trading full time. My courses were a disgrace compared to what i learned on my own. I finally said screw it, i'm all in, trader or poverty. I just emptied my stock account to buy a cheap house, looking for a shit second shift job that i can save, get expenses down to nothing then save a grub stake. maybe it takes 3 or 4 grubstakes before i stop ever working but if this is your life there is no option.

Brownsfan's little "treat trading like a business and it will pay you like a business...treat trading like a hobby...."

This is such a tough business to break into, the idea you don't go all in and bet your life doesn't make any sense.

 

That is serious dedication. There's nothing like going balls to the wall man. I respect that big time. You're right, if it's your life, then there is no other option. That is pretty inspiring. Especially because alot of people I know of who have traded in the past started out with like $100G's they either had from their six figure job or from an inheritance or whatever...that's not even remotely inspiring to me. That's not to knock on them at all, as there are some excellent traders out there who didn't bust their ass to get their trading account built up..I am just saying that their story isn't inspiring to me....It makes about as much sense to me as thinking some kid in high school is cool because his parents bought him a brand new convertible. lol

 

Once again-to reiterate, I am not knocking on people just because they didn't have to go to extremes to fund their account. Nothing wrong with that. It is still hard as hell to be a successful trader.

 

I just think that going all out to get a stake makes you appreciate it more because you have a much more intimate understanding of what you had to go through to get it.

 

Good luck Darth Tradar.

Share this post


Link to post
Share on other sites
Thanks for the encouragement! This fast paced stuff is scary for a slow-poke trader like me. ha ha

 

Hey Reaver - maybe you want to consider swing trading in the beginning too? This way you could use share sizing (to trade stocks), pay low commissions, and just get your feet wet to get the feeling of the buying and selling action...just executing trades.

 

At the end of the day, it is our ability to make money that counts, so considering different time frames maybe good to see if it fits your personality. I'm not saying avoid intra-day futures at first....but when I started I did swing trading at first, and used very small risk on each trade. Most of my trades are intra-day now, but I still keep swing trading and even longer term monthly positions too.

 

The swing trading helped me alot to get around the emotional stress of holding onto a position overnight that was out of the money.

 

Hope that helps and answers the question on where to start first....this is just how I started. As for your other question, was I independently wealthy before going full time? No - I was flat broke. In fact I had debt...credit card debt. I went many periods with as little as $10.00 in my bank account. The last year in high school I knew I wanted to attempt to be a speculator, but I didn't know how to do it. I was a C average student so I couldn't get into the true commerce program at University, so I ended up going into Business Management (Arts). It had nothing to do with the capital markets so I stopped going to class and dropped out of university. Then I got into high alititude mountaineering...even attempted to climb Mount McKinley (19)...failed....climbed numerous other smaller mountains.

 

Then through some speculative activities later on, I was able to build enough capital to pursue my original goal...that was left unfulfilled, but the stock market books were always under my bed for years left un-read getting dusty.

Share this post


Link to post
Share on other sites
Hey Reaver - maybe you want to consider swing trading in the beginning too? This way you could use share sizing (to trade stocks), pay low commissions, and just get your feet wet to get the feeling of the buying and selling action...just executing trades.

 

At the end of the day, it is our ability to make money that counts, so considering different time frames maybe good to see if it fits your personality. I'm not saying avoid intra-day futures at first....but when I started I did swing trading at first, and used very small risk on each trade. Most of my trades are intra-day now, but I still keep swing trading and even longer term monthly positions too.

 

The swing trading helped me alot to get around the emotional stress of holding onto a position overnight that was out of the money.

 

Hope that helps and answers the question on where to start first....this is just how I started. As for your other question, was I independently wealthy before going full time? No - I was flat broke. In fact I had debt...credit card debt. I went many periods with as little as $10.00 in my bank account. The last year in high school I knew I wanted to attempt to be a speculator, but I didn't know how to do it. I was a C average student so I couldn't get into the true commerce program at University, so I ended up going into Business Management (Arts). It had nothing to do with the capital markets so I stopped going to class and dropped out of university. Then I got into high alititude mountaineering...even attempted to climb Mount McKinley (19)...failed....climbed numerous other smaller mountains.

 

Then through some speculative activities later on, I was able to build enough capital to pursue my original goal...that was left unfulfilled, but the stock market books were always under my bed for years left un-read getting dusty.

 

Hey that is great information. Thanks, I appreciate it.

Share this post


Link to post
Share on other sites

My 2 cents here : when you want something so badly, you do just about anything until you get it... and you know what : YOU GET IT...

 

so wanting I believe here is the key...

 

the rest is history... cheers Walter.

Share this post


Link to post
Share on other sites
My 2 cents here : when you want something so badly, you do just about anything until you get it... and you know what : YOU GET IT...

 

so wanting I believe here is the key...

 

the rest is history... cheers Walter.

 

Yep... thats the bottom line. You want something badly, you will find a way.

Share this post


Link to post
Share on other sites

And not even just wanting it, but knowing you can have it and understanding that it IS something you deserve. I often remind myself that I will attract abundance in my life be it through trading or be it through other means. Whether it be monetary or it be emotional, there's so much out there for all of us to acquire, it's a matter of knowing deep inside you that you can have it, that you deserve to have it.

Share this post


Link to post
Share on other sites

I agree that wanting to make it as a trader is an important component. Just wanting it is not enough in and of itself; however, w/o it I think it would be hard to stick around during the tough times. With the cost of entry so incredibly low, esp in futures and forex, anyone can open an account w/ the hopes of becoming a millionaire in no time. It's the people that want to build a successful and consistent business that have better odds of making it in my opinion. Once again, I think a common theme here is that you go into this treating it as an actual business. I think that changes your mindset. For example, if you wanted to open a restaurant, retail shop, etc. you have to know going into it that it could take YEARS to develop. It could take YEARS to make a profit. As long as you go into it with that expectation, it's much easier to weather the storm. Same can be said of trading - if you expect that learning this trade will take years of study and application, you have a better chance of 'making it'. If you come into this with $2500 and a futures account in order to double it each week, I hope you at least have fun trying to chase that impossible dream.

Share this post


Link to post
Share on other sites

Yep this is the Law of Growth. Thoughts and circumstances build upon themselves and the more begets more. So incremental actions toward our visions and the unshakable faith in the vision and especially YOURSELF. "YOU ARE THE DOG THAT BITES YOU", we are, ourselves, in the way of increase.

 

Man, remember this.... (saying to self, not preaching), that the Universe is abundance not scarcity, get the vision or where ya want to be, have it now as if you received it, let the vision guide all actions and exercise gratitude. Let go of all the conditioned crap called the life principles that I think Kiev said in "Trading to Win" or Mark Douglas not sure, that have screwed us up in our expectations or protecting the ego's status for others. Just become a "HOT WIRE" that is tapped into the circuit of power, which is the Infinite, and tell it what you want cause, as I am now trying to grasp, it is all "ONE BIG THOUGHT" and we are just channels or instruments for the Whole to express as individual parts of that Whole. There are no favorites, it is available to anyone that can see the laws that exist. Simple as a pimple. Just seek expression as a mini creator and not as a competitor. Just go make bank, with just doing today excellently in a certain way, however you define it, from within.

 

Hey, I claim only to be one who wants to be greater than I am now. I have little success now materialistically, and this is reflective of my thoughts within, thats all. We get what receive and I am learning that the cause is always from our own thoughts;Look not else where, it is all YOU, that is why we are all perfect and at equilibrium because what we give, we receive.

 

So have strong thoughts on the vision and not the known, or seen here now in the objective world. The Unseen is where it is all created so go think about it, with actions and applications or systems you have evolved to know, and have faith and trust the Current or Electricity is there, and it is, I have just not understood this, so I have crumbs not treasure.

 

After losing my trading account I began to go over all the good stuff I gathered over the years that offered insights etc. I have started to write them for sharing, with anyone that needs some short excerpts, or sum ups, from Steenbarger, Kiev, Douglas, Raschke, etc. check it out if ya want because this community has offered me so much and I have something I think now to give back alittle, since I always felt What do I have to offer James Lee, TinGull, Walter, and others, that has some value, if alittle from me? The website is:

 

http://www.stockmarkettradingtips.net/

Share this post


Link to post
Share on other sites

Thanks nams, that's some great stuff. Im just finishing up a book by Deepak Chopra on synchrodestiny which is really interesting. Some things are a little spacey for lots of people, but I think its really applicable to trading. Everything starts as energy, a thought. Before we were created as beings, we began as just a thought, just energy. The cash that flows into our accounts starts out as just that...energy, a thought.

 

Only when one is really ready to learn will the teacher appear.

Share this post


Link to post
Share on other sites

Hey Tin,

 

I just picked up Finding True Magic: Transpersonal Hypnosis and Hypnotherapy/NLP. Im going to read this over next week when I have time and will post a book review on it when Im done. Starting to get into NLP?

Share this post


Link to post
Share on other sites

Please refer to "answers" sections.

 

For those that took the plunge and went full time....how did you do it?

 

Did you have money saved up,

 

Answer: Yes

 

did you have any bills to worry about,

 

Answer: Yes

 

what made you decide it was time to quit the full time job?

 

Answer: Having stratagies for all market conditions with at least 70% success ratio, usually 85-90% success.

 

Were you already independently wealthy

 

Answer: no

 

or did you just take a big chance and grit your teeth?

 

Answer: You never take chances. As indicated previously, if you have proven stratagies with at LEAST at a 70% success ratio. Then, you don't need to to chances.

 

Just trying to see if there are any suggestions from anyone who's been down the road as to what I should start working towards.

 

Answer: Finding stratagies with highest proven success ratio for all market conditions.

 

Experience of course is the best teacher,

 

Answer: Having proven stratagies for ALL market conditions and recognizing which market conditions you are encountering are the first step and correspond with experience.

 

but any information I can glean will help shorten the learning curve.....

 

Answer: Again, find proven, successful stratagies matcheed to market conditions and do not deviate from the rules which make those stratagies successful.

 

Currently I work full time in the mortgage industry, making decent money, nothing crazy. I work 8 hrs a day, come home and spend another hour or so looking at charts for EOD data trades....

 

Answer: Your on your way in regard to analyzing charts, just stay away from all indicators.

 

then I devote the next 3-4 hours studying and studying and studying some more.

 

Answer: Don't over analyze. The secret lies within the chart. Its staring you right in the face. People look, but they don't see. Its there, find it and when you do find it, keep it to yourself, as if too many people utilize it, the "powers that be" will use it against all of us.

 

Oh yeah, and spending time with my wife. LOL

 

Really ready to start working towards devoting full efforts to trading, and I am willing to take the long road to get there...but I would like any advice on making that first step.

 

THANKS.

 

In conclusion, I sincerely hope your endeavor is successful.

 

Mark

 

Thanks in advance for any info.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date : 26th November 2020.Brexit endgame remains in sharp focus!The USD has remained soft in quiet conditions, while global asset markets have seen little direction. The US Thanksgiving holiday has quelled activity. Europe’s Stoxx 600 traded near flat. Most stock markets in Asia gained, though remained off recent highs. The MSCI World Index is also off its highs, but remained buoyant and on course for a record monthly increase this month. Copper posted a new near 7-year high, and while other base metal prices were also underpinned most remained off recent trend highs. Oil prices saw modest declines after recent gains, which culminated in a nine-month high yesterday.The Brexit endgame remains in sharp focus!Sterling has seen limited direction, continuing to hold gains from month-ago levels of around 1.5% to 2.5% versus the Dollar, Euro and Yen. There is still no breakthrough in down-to-the-wire negotiations between the EU and UK, and there are lots of warnings of border chaos and, from external BoE MPC member Saunders, of long-lasting economic consequences in the event of a no deal exit from the common market.European Commission president von der Leyen said “we are ready to be creative” to get a deal while repeating that “we are not ready to put into question the integrity of the single market.” An Irish government member said that a deal was “imperative” for everyone.The steadiness in the Pound, the principal conduit of financial market Brexit sentiment, reveals that investors remain unperturbed. One explanation is the real money participants are sitting on their collective hands, positioning for an expected deal but waiting on concrete developments and details, while maintaining vigilance on the possibility of there being a no deal by accident.Short-term speculative participants, meanwhile, don’t seem to have had a fruitful time in trying to play the fatiguing myriad news headlines and endless deadlines that have come and gone. The latest and supposedly final deadline, is next Tuesday — December 1 — which leaves just one month for a deal to be ratified on both sides of the Channel. We expect to a deal to materialize at the last minute, just as the withdrawal agreement was seemingly pulled out of the hat at the ultimate minute a year ago. There may even be a fudged extension.Pressure on the UK government is intense. US president-elect Biden warned London that the scope for a deal with the US would be compromised if there is a return of a hard border on Ireland — which is what could happen in a no-deal scenario (the UK government would have the choice between maintaining a free-flowing border on Ireland at the price of breaking up the border integrity of the UK, and possible protests and even violence from loyalists, or breaking the EU withdrawal agreement, which would result in a hard Irish land border).A leaked Whitehall document warns of a “perfect storm” of chaos in the event of a no-deal in the Covid-19 era. There are also pressures on the other side of the Channel to reach an accord. While French President Macron has political incentive to put up a show of fighting over fishing rights, he is not likely to carry through on his threat to veto any deal as other key EU states don’t see the UK’s position on fishing as being unreasonable. France and other nations, and the UK, also need to maintain good relations for security and many other practical reasons.As for the market impact of a deal, much will depend on how narrow the deal is. The narrower it is, the bigger the negative impact on both the UK and EU’s terms of trade positions will be on January 1, particularly the UK’s.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Those who take quick and payday loans and refuse to pay them back are now hooked.   Normally, it is not a good thing to go into debt unless that is your last resort. We know that people are fond of borrowing and they seriously hate paying it back. Even when it comes to paying back what was borrowed, your creditor will become your enemy. Such is the nature of human beings.   Debtors don’t want to return money even when they eventually have means of repayment. If anyone borrows money and returns it, it means the person has a Godly spirit in him.   If people ponder the power of compound interest, they would stay away from loans. If you pay 1.33% or 1.79% interest per month on a loan, you will need to pay back roughly 16% or 20% per annum. And this will begin to compound as long as you don’t pay.   Most borrowers who are now in trouble have realized that the interest rates are eventually higher than the capitals borrowed. They realize that the creditors are using an indirect way to enslave borrowers (go and work for me, bring back the capital plus profits).   The banks themselves know that business environment is very tough and are now indirectly asking people to work with or spend the banks’ funds and bring the funds plus profits back to them. Many borrowers really have poor mentality and they don’t know the gravity of what they’re putting themselves into.   If a bank could lend out 1 billion USD per annum, it would reap a return of 150 million USD (at least on paper). Do you think they will forget about you if you owe them even a small amount?   Loans without collateral are now popular. But your collateral is your BVN – unless you don’t want to operate accounts again in the country.   I have heard people saying” Don’t pay to my Access Bank account again, but pay into my UBA bank account.” “Don’t send that cash into my GTBank account again, but send it to Zenith Bank.” It’s like postponing the evil day.   Ti iya o ba i tii je eniyan, iya nri nkan panu lowo ni (Yoruba adage). I literally means: If Suffering has not come to attack you, it means Suffering is currently busy with something. If you think you can avoid payment by abandoning the account you used to borrow money, you’re only postponing the evil day.   They cannot come for you when your debt is small, but the debt will begin to compound and compound till it would make sense for them to come for you.   BAD NEWS FOR DEBTORS CBN has given banks permission to deduct from funds a debtor has in another bank account. For example, if you borrow quick loans from FCMB and you abandon your FCMB account and you are now operating another account with First Bank, FCMB can make a request to First Bank, and the money you owed will be deducted once or gradually from your account at First Bank, without your permission.   Would you now keep money at home, so that bad boys will come to you to take their dues?   Borrowing isn’t a good thing, no matter how plausible it looks.   Profits from games of knowledge: https://www.predictmag.com/   
    • LITECOIN (LTC) SUSTAINS RECENT RALLIES, FACES RESISTANCE AT $90 HIGH Key Highlights Litecoin rallies to the high of $90 The crypto may be range-bound between $80 and $90 Litecoin (LTC) Current Statistics The current price: $89.20 Market Capitalization: $5,900,735,267 Trading Volume: $7,953,660,011 Major supply zones: $70, $80, $90 Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis November 24, 2020 Litecoin has continued its rallies as the coin reached a high of $89.86. LTC price has been making a series of higher highs and higher lows. The upward move has been facing resistance at $90. On the upside, if buyers can push LTC above $90, the coin will rally above $100 high. However, if buyers fail to resume the upside momentum, LTC will be compelled to a sideways move for a few days. If the uptrend is resisted the coin will be range bound between $80 and $90. LTC/USD – Daily Chart Litecoin (LTC) Technical Indicators Reading LTC price broke the resistance line of the ascending channel. This indicates a further upward movement of the coin. The crypto is at level 74 of the Relative Strength Index period 14. It indicates that the coin is in the overbought region of the market. LTC/USD – 4 Hour Chart Conclusion Litecoin has made an impressive bullish run on the upside. Nevertheless, the retraced candle body on October 31 tested the 61.8% Fibonacci retracement level. It indicates that the coin will rise to a level of 1.618 Fibonacci extension level. This extension is equivalent to $70 high. Meanwhile, the price action is above the projected price level. Source: https://learn2.trade 
    • XRP/USD PULLS BACK AT RESISTANCE LEVEL OF $0.72 XRP/USD MARKET NOVEMBER 26 After the price retracement, it may resume its bullish trend and the resistance level of $0.79 and $0.88 may be reached. Below the current price, the level is found the support levels at $0.55, $0.44, and $0.39. However, the relative strength index period 14 is at 70 levels bending down to indicate a sell signal which may be a pullback. KEY LEVELS: Resistance levels: $0.72, $0.79, $0.88 Support levels: $0.61, $0.55, $0.49 XRP/USD Long-term Trend: Bullish XRPUSD is bullish in the long-term outlook; the crypto soars towards the north by the strong bullish momentum. The bulls’ momentum breaks up the resistance levels of $0.28, $0.33, and $0.36. The price has tested the resistance level of $0.79 on October 24. The price pulls back to retest the broken level of $0.61. Today, the XRP market is dominated by the bears and the daily candle is bearish. The price may increase further after the pullback. XRPUSD Daily chart, November 26 The two EMAs are located below the coin and it is trading far above 9 periods EMA and 21 periods EMA which indicate a strong bullish momentum. After the price retracement, it may resume its bullish trend and the resistance level of $0.79 and $0.88 may be reached. Below the current price, the support levels is found at $0.55, $0.44, and $0.39. However, the relative strength index period 14 is at 70 levels bending down to indicate a sell signal which may be a pullback. XRP/USD medium-term Trend: Bullish The bulls dominate the XRPUSD market. Immediately after the breakout from the consolidation zone, the bulls push the price high above the September high. It is currently pulling back at the resistance level of $0.72. The price is testing the support level of $0.55 at the time of writing this report. In case the just mentioned level does not hold, there will be a further price reduction. XRPUSD 4-Hour chart, November 26 The price has penetrated the two EMAs downside and it is trading below 9 periods EMA and 21 periods EMA. The fast-moving EMA is trying to cross the slow-moving EMA downside. The relative strength index period 14 is pointing down at 50 levels which connotes a sell signal and it may be a pullback.   Source: https://learn2.trade 
    • this is great news, good partnership and neymar is a big name along side mbappe and di maria. its gonna be a good season to watch
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.