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Technical analysis & Trading insights CFDs Gold, Crypto, Forex, Stocks and Indices Full-time trader/Markets analyst Based in Los Angeles, CA Contact @Gold_Cartel
Tips:
How to manage your Trading money like a Full-time trader
Full-time trader trading for a living is very stressful because if the trade goes south and you don't know how to manage the money and don't have a side hustle, you will end up homeless.
For safety, many full-time traders have a side hustle; the example of a side hustle:
1. Working as a portfolio manager
2. CPA
3. Selling signals or analysis
4. Selling mentorship
5. everything that is in the scope of the accounting/economy field
6. Motivational speaker
7. and another type of business that can generate money "automatically."
Many people say, if you're a successful trader, why do you have a side hustle ? The answer is very simple, MORE MONEY and SECURITY !
Here's my trick for managing my trading money:
Let's say my trading capital is $30k; my monthly bills are $15k. That means I need to generate $3750 / week or $750 / day. (Calculation based on five trading days).
Let's say on the first trading day, I got a profit of $1000, which means on the second trading day, I only need to get $500. I would withdraw $750 and keep the extra $250 in my trading account to compound the profit as capital.
On the second trading day, I will try to lose only $250 to keep the capital steady at $30k.
If I lose $250, sure. I will continue to trade in the next session, and
If I get a profit on the second day, the strategy will always be the same: trying to reach and withdraw $750 no matter what. If the gain is more significant than $750, I will withdraw the $750 and keep the remaining profit in the trading account for the upcoming day.
The main issue with traders is they get profit; they keep trading and losing all the hard-earned profit. Never withdraw, and not knowing how to manage their trading money.
Many new traders only dream big and want to get expensive and luxurious things but have zero knowledge of managing trading money. but keep trying to find the "holy grail".
Trading life is not always sunshine and rainbow; I'm unlike those SCAMMER internet motivational speakers who only tell great things about trading and selling dreams to people.
Trading is a cutthroat business; many traders committed suicide, filed for bankruptcy, and divorced.
All my clients got the same analysis from me, but only 10% - 15% survive and are successful in trading; the rest break-even or even lose everything. Why ? Trading psychology and not knowing how to manage the money.
Full time trader life is not like the movie that always make MILLIONS everyday like those scammers in social media that always get profit.
We grinding trying to survive and pay the bills everyday, and if we can get some extra profit on that month, then that's the fuck you money.
Get the profit, trade less, and WITHDRAW !! TRY TO PAY YOUR BILLS / GET YOUR DAILY PROFIT TARGET.
Warning !
A few people DM me saying that they paid and join Gold Cartel group.
Please becareful, there are a few FAKE Gold Cartel in telegram, I'm the real one.
Some of them FAKES even reach out to me, asking to buy my telegram username.
I've been using Gold Cartel nickname in the internet since 2012
The most common issue with trader is, Over trading !
They go long and get the profit, then they sell trying to get more profit but ends up loss all the profit.
Patience, try to trade one way, it less stress.
Beautiful song
https://www.youtube.com/watch?v=Px_Tg7W-Vpk
Slowly but surely they holding hands and file bankruptcy
https://cryptonews.com/news/brazil-193m-crypto-pyramid-firm-declared-bankrupt.htm
My client's today's signal
BUY HARD 1870, it went up to 1884
Not bad, $14 price movements
https://www.foreignaffairs.com/ukraine/how-russia-decides-go-nuclear
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Analysis services
I have 1 available slot, starting ASAP
One clients of mine pause trading until March.
More info @Gold_Cartel
I remember at that time I made a joke in a few Gold forum, I said: "Someone need to post this analysis, and when it reach the target they will get a lot of followers"
Nowadays, I'm too lazy to post analysis on TV.
My clients first new signals of this week
XAUUSD SHORTED 1960-65 area, currently the price at 1917
EURUSD SHORTED 1.10 area, currently the price at 1.088
PERFECT!!
My clients third signals of this week
NOT BAD, so far the price fell to 1931
This week my clients only trade the same signals
Rinse and repeat, EASY TRADE !
What do you think ? is this a rising wedge ? or broken Bullish pennant ?
Rising wedge
https://www.tradingview.com/x/6mMFzGyl/
Broken bullish pennant
https://www.tradingview.com/x/BKR2g2cV/
My clients last week signals
We planned to go long if the price breaks above 1870, fall for the retest then continue to go up. Signal failed
We also planned to buy at the bottom broadening wedge line, it works a few times, but unfortunately the candles breaks below the bottom wedge line. Signal failed
After that I suggested my clients to pause trading the whole week.
My clients second signals of the week
Yesterday after the BUY signal 1870 reached the target at 1890, we planned to sell hard at 1900-05, but unfortunately the price rejected 1890.
Yesterday most clients missed the sell trade, only a few who catch it short 1880 area and took profit at 1850-60 area.
Not bad.
Literally this the only gold analysis for my clients this week.
Stick to the plan, rinse and repeat. Don't keep changing your analysis, and over trading keep selling and buying, you will end up get confused with your own analysis.
Keep it simple.
https://cointelegraph.com/news/coin-cloud-crypto-atm-operator-files-for-bankruptcy-owes-over-100m-to-genesis
TribalHound
ETH never $500 again
Analysis services
I have 1 available slot, starting ASAP
More info @Gold_Cartel
And these kids and social media busy with Andrew “rapist” Tate, and gender pronouns.
Читать полностью…
https://www.youtube.com/live/kkC4LuuxOg4?feature=share
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Most of my clients closed the Gold short position yesterday at 1918-25-45 area
Some clients holding short from 1950-55 until 1870
Some clients holding short from 1940-45 until 1870
Some clients didn’t trade gold at all focusing on eurusd yesterday
Not bad. Heave a good weekend !
I’m a magician
Before
https://www.tradingview.com/x/3GWsyfbI/
Current market price
https://www.tradingview.com/x/Fx7IEAYS/
Not bad.
Before
https://www.tradingview.com/x/xqQMLxwP/
Current Market Price
https://www.tradingview.com/x/9JitkLA4/
Analysis services
I have 1 available slot, starting February 1, 2023
One clients of mine disappear without notice after received my analysis.
More info @Gold_Cartel
Depend on GDP & NFP
https://www.tradingview.com/x/3GWsyfbI/
Analysis services
I have 1 slot available starting February.
More info @Gold_Cartel
My client's 2nd signal of this week
SELL 1935-37, targeting 1920. Currently, the price at 1925
PERFECT ANALYSIS!