How to become a trader? Don't believe there are legit training courses - they're all looking to skin you for a bit of money - fiat or otherwise. There as useful as diets.
Be passionate. Read. Read a lot. Do it at night under the covers with a torch. Read about Jesse Livermore - dabble a little - get your hands dirty. But start really small cause you're gonna get it wrong. Don't believe the contrary. You gotta get it wrong to get it right
Keep trading notes. I'm doing this for X/Y/Z. Examine your ex post babbilings with your ex ante rational self... Read interviews about traders - jack schwager started it off. Read how to use Japanese candlestick charts -RV is cheap and excellent - pros and the rest use it
Follow smart investors or dumb ass provocateurs who move your dial. Ask questions. There's a lot of generosity out there...people typically respond.
follow smart investors or people who move your dial. Ask questions. There's a lot of generosity out there.
Here's why you should watch this week's instalment...
Hedge fund manager, Hugh Hendry, again invites his former colleague, @ToStRo , to review his 3D macro thought piece. De-Carbonisation. De-Globalisation. Demographics. Macro has changed!
The Acid Capitalist, Hugh, explains how the Fed and it's put on bonds and equities will become the government floor on the price of carbon. You need to understand this now...
You are so far ahead of us. Would you consider recording something with me on my channel? I want to document my efforts to tokenise my community on my YouTube channel. I own a couple of truly beautiful houses and I'm thinking them too and the launch of the family fashion brand.
But more than that, I want to tap into and share your command of this zeitgeist...would you do that for me? You think you could bring me up to speed? If so there is the DM option or my contact page at hughhendry.com. I just know we could gain so much from you both...
Confessions Part XX Is Bitcoin going to a Million Dollars?
Hedge fund manager, Hugh Hendry, invites his former colleague, Tom Roderick, the manager of the Trium Macro Hedge Fund, to review this week's crash in cryptocurrencies.
They draw parallels with the tech bubble of the late 90s and the pyramid of leverage that lay behind the housing bubble in late 2006.
They discuss bitcoin's coming of age. With values soaring past one trillion dollars, crypto is no longer a cheap out-of-the money call option on currency debasement.
I'm incognito hiding my appearance for this week's podcast because I'm taking on the wrath of the BTC community. Love to all - now give us a good spanking so we can reload positions in the 30,000s. I'm really stoked on the opportunities to make money right now.
So many stocks are screaming EPIC BULL MARKET. Gold has endured a super correction. Time to reload. I'll discuss / review next time.Silver, uranium, big miners like Billiton and Rio look v sexy. This is the final explosive Third Act for the commodity complex. You need OTM calls.
But China? It's not rallying...maybe I'm being super cautious and the charts are still hanging on (just!) and they've come back +20%. But those Princes of the Yuan might they just dare to remove the credit lube?
Chapters: PORNO
00:00:00 Confessions 17
00:02:05 Chris Song Test
00:04:12 Losing My Virginity
00:09:20 Sony the Worst
00:11:30 Sony Price Chart
00:12:40 Visting Tokyo
00:17:15 The Eclectica Rule
00:21:00 Toshiba! Not Hitachi
00:25:00 Nissan the Worst
00:27:35 Government Motors
00:30:35 Eat Cash
00:36:10 Devil's Playground
00:44:00 Weir Group
00:54:15 I like Porn
01:07:15 Buy Big Bleu
01:20:25 Banks Not Lending
01:30:30 Indonesian Rupee
01:35:10 Genius of Macro
My head’s still a tumble. Forgotta tell you about my Podcast last week, DickCoin
If I recall right, i discussed stepping away from Odey in November 2004; a month in Mustique. Dilemma, who’d you rather hang with: Jagger or Bryan Adams? It was hell...