Trading takes you into deeply uncomfortable emotional places. If you're unwilling to confront these challenges or constantly try to avoid them, your chances of success are greatly reduced.
It’s a risk-taking game—learn to manage it effectively, but never hide from it.
☢️The chart below offers comfort for those that have missed the previous huge moves in this uranium bull. It shows that uranium miners has not even begun outperforming the uranium price yet - which is what makes a bull - so the bull has a very long way to go still.
The sector…
☢️The chart below offers comfort for those that have missed the previous huge moves in this uranium bull. It shows that uranium miners has not even begun outperforming the uranium price yet - which is what makes a bull - so the bull has a very long way to go still.
The sector… https://t.co/Nod03jcyoS
@nsd3011 I raised lots of targets in my 3rd Qtr letter. Not gold or silver. My index targets are now as follows: S&P 8700, Nasdaq 30,000, DJIA 60,000, RUT 3400. Just raised my copper target to $7.
Most traders want to know the entry point, but what truly matters is the exit.
Very few people understand this.
Where you set your stop-loss determines both the win rate and the risk-reward of that trade.
It’s the exit that tells you whether the trade is worth taking at all.
Non-consensus Uranium view:
As much as I've been an outspoken bull on uranium fundamentals for over two years, I don't think this is about fundamentals any more.
If I learned anything from running a small HF, it was that market inefficiencies and vicious or virtuous cycles of…
I bought $400M worth of gold last year, and bagged a measly .001% of the annual global gold mine output.
I also bought $400M worth of silver and purchased 1.5% of annual global silver stock (1500x more percentage wise)
Do you get why silver is passing up gold now? It’s the most…
I could try to take a more British photo on my way home from @GBNEWS and the @MartinDaubney show tonight, but I’d struggle. Westminster Abbey, a red phone box and a black cab turning in the road. A good night.
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