TrackRecord Trading Profile picture
Feb 11, 2020 4 tweets 2 min read Read on X
In trading, much like in life, expect to suffer setbacks. If you do not know how to take losses objectively and without emotion, you have no place in trading. Many of the trades that you put on are bound to go wrong and hit your stop-loss levels. That does not make you a bad.. Image
trader. Moving your stop-loss levels or not having any stop-loss in place and letting your losses run will ensure you will eventually lose all your money. Those are the habits of a bad trader. Take your losses, preserve your capital. Live to fight another day. Making money in..
trading is not difficult, but losing money is infinitely easier when you don’t know how to take losses. Get used to taking losses if you want to be successful and consistently profitable in the long run!
Sign up for our daily market summaries where our analysts will help you sieve out what's important and its impact on the different currencies so that you do not miss out on trade opportunities: trackrecordasia.com/sign-mailing-l…

#success #tradingtip #keepcalmandtradeon #TRtradingtip

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More from @TradewithTR

Sep 28, 2020
4 NOTABLE LEGAL OPINIONS OF U.S. SUPREME COURT PICK: AMY CONEY BARRETT

This is important because Amy Coney Barrett will sit on the Supreme Court for decades, long after Trump is gone and shaping constitutional policies that will define America and what it stands for.
Amy Coney Barrett’s induction will tilt the Supreme Court towards a Conservative majority, hence her decisions will carry more weight than usual as it will more often than not be a “swing vote”.
As a result, the potential for political and social divide just ratcheted higher as Democrat voters will try to neutralize the skew in the Supreme Court, making a politically charged election a certainty. This might translate to extreme volatility in markets.
Read 13 tweets
Sep 25, 2020
1/TrackRecord's Market Musings😎: Fed Puts Ball Firmly In Congress’ Court

22nd Sep, POWELL: “Many of our programs rely on emergency lending powers that require the support of the Treasury Department and are available only in unusual circumstances.”
2/23rd Sep, POWELL: “Have done basically all of the things that we can think of”
3/24th Sep, POWELL: “While households are spending now, perhaps using what's left of money from the $2.3 trillion package passed by Congress in Mar, the risk is they will go through that money, ultimately, and hv to cut back on spending and maybe lose their home or their lease...
Read 8 tweets
Sep 23, 2020
TrackRecord's Market Musings😎: 5 Risk Factors We See Affecting Markets Leading Up To Nov 3rd Elections.

Thread Below ⬇️
1⃣: China Blacklists: China is threatening to blacklist US companies in retaliation for Huawei, Tiktok and Wechat bans. For now, China seems to be waiting till the next President is confirmed...
... Chinese consumer and manufacturing base is still key for some Big Tech U.S. companies. And Big Tech makes up a sizable portion of U.S. market capitalization.
Read 10 tweets
Sep 22, 2020
1/TrackRecord's Observation of the Day 💭: Winter Is Coming

We are on the precipice of a perfect confluence of forces that will result in unprecedented volatility in the coming months.
2/As winter is literally coming, there is a good chance Covid-19 will come back with a vengeance, can governments afford the economic brunt of another lockdown?
3/One of the reasons for yesterday’s selloff was this fear and main street is well aware of the economic impact (Jobs gets decimated).
Read 7 tweets
Sep 21, 2020
1/The death of Justice Ruth Bader Ginsburg less than two months before the presidential election tosses one more lit match into the tinderbox of national politics in 2020:
2/It will surely inflame a deeply polarised country already riven by a deadly pandemic, a steep economic downturn, and civil unrest in its major cities.

In Washington, the vacancy fight could ratchet up tensions to a level unseen even in the tumultuous Trump era.
3/He could also become the first president since Richard Nixon to install three justices on the high court in a single four-year term.

A successful GOP effort to replace Ginsburg with a conservative before or immediately after a Democratic victory will almost certainly lead to..
Read 5 tweets
Sep 18, 2020
1/TrackRecord's Market Observation of the Day 💭: Quad Witching Friday

Quadruple witching occurs on the third Friday of the month of every quarter (highest volatility occurs in the last hour of trading between 3:00pm - 4:00pm EST) , in March, June, September, and December. Image
2/It refers to the simultaneous expiration of single-stock options, single-stock futures, and stock-index options and stock-index futures which are settled at 4:00 p.m. Eastern Time.
3/Options volumes tend to be particularly elevated during quad-witching periods, which may also account for some of the choppiness anecdotally associated with September as the worst-performing month (for stock markets).
Read 4 tweets

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