zeroxkyle

told you so

Just got Binance Square Verified! LFG

good morning digital asset enjoyers

it's time for another beautiful week

Semis crash as Anthropic ARR doesnt match expectations

Gold continues to rip higher.

Will be speaking tomorrow!

GM. AM Market Thoughts

- RKLB Earnings dumped last night. Like labubu says below, never bet onto ER seems like a lesson that I too have to learn because I didn't take enough profit 😂 still have 1/2 my position

- Gold is absolutely running away - blasted some here.

- Again, this PA confirms what I said last night:

" We continue to be in the phase of "slowing of musical chairs" and you can feel it in the markets - rotations are much quicker, profit being taken. It's a tough environment right now. In times like this I like to have more cash, and just be patient. Remember, cash is a position. That, and zooming out and holding to your core longs."

Frankly, I think the right move is to consolidate into few positions and just long them. RKLB was a trade that made money. Now I'm going to focus on Gold.

Most importantly though is also knowing what NOT to touch. I feel like semis just don't offer any interesting risk/reward here - memory pumped, then dumped. photonics pumped, then dumped. There are no trending assets here - they're good for trades, but goddamn the PA is absolutely brutal and I have no interest in holding anything

For people that want the thesis:

$GOLD.US

Looks good.

10 Lessons I've learnt from 18 months of trading equities

1. Valuations are a function of two things - EPS or Fwd P/E; you can boil any idea into one of these two - make sure which one you're betting on, and have clear invalidations for it

2. Execution makes 80% of the trade work. An idea is nothing without good execution. And the best way to execute is always using limit scale orders through certain levels. Also, NEVER cancel your limit orders, especially your stink bids

3. Selling to sidestep a dip for whatever reasons just introduces more ways to be wrong. 1 - whether the decline occurs, 2 - when to get back in, 3 - what to do with the cash when you're waiting

4. Losing money is the worst thing not because you lose money, but because you miss the next opportunity.

5. If it goes down on non-stock related reasons (i.e macro), it's usually a great buy - macro is unknowable and impossible to predict for most people, and should be treated as noise

6. Value traps are real. Time invalidations are important - if something isn't going up after a certain amount of time, you have to re-evaluate. The market is always right.

7. You should check your accounts at the frequency you trade. If you have a month long timeframe for your investment, don't check it every day.

8. Selling to remove the red P&L, and then evaluating whether to get back in, is a great way to "psychologically reset"

9. Act fast to defend your money, slow to grow your money. Most people do the opposite - slow to protect, fast to make money

10. As Jesse Livermore says, "The point is not so much to buy as cheap as possible or go short at top price, but to buy or sell at the right time.

When some of my stock trading operations are given, you will notice I made my first trade… when the force of movement was so strong that it simply had to carry through.”

Thank you Binance for allowing me to post on the feed. I’m here to teach you guys how to trade - narratives & technicals.

Follow me for more updates on technical trading and narrative trading - I’ll launch my first article soon!