One Sleepy Trade, One Big Mistake: Seeking Advice

[bpcw]

In the summer, I do the same, except my wife and i have wine in our mugs.

This 5-minute clip is hilarious:

Best line, imo: "The last thing a trader needs is to worry about money."

Damn, that's some wisdom right there. The same dude said, "the less you need, the happier you'll be."

I like this guy too, very wise!

I too have an old office chair, it's not tatty but it creaks, I've resisted getting a new one for a while now!

[AstuteShift]

In the summer, I do the same, except my wife and i have wine in our mugs.

This 5-minute clip is hilarious:

Best line, imo: "The last thing a trader needs is to worry about money."

Damn, that's some wisdom right there. The same dude said, "the less you need, the happier you'll be."
[/quote ]

I like this guy too, very wise!

I too have an old office chair, it's not tatty but it creaks, I've resisted getting a new one for a while now!

I have an old chair too, wooden one. I find if a chair is too comfortable then I can’t focus lol. However this wooden chair forced me in a way to focus intensively on tasks or else I would feel my back the next day.

What’s funny, my best trading ideas come from this type of annoyance

[xkosmox]

Last week the price crossed 1.5 but now its rangebound at 1.4 again any further thoughts so far for TGB?

[SOL]

Last week the price crossed 1.5 but now its rangebound at 1.4 again any further thoughts so far for TGB?

TGB weekly chart



I hope you were able to take some profits when it reached 1.55; if I am not mistaken, you held a substantial position in the options. Among all the copper plays, it's proving to be quite stubborn. It still has room to run on the weekly charts. However its facing resistance in the 1.50 to 1.55 range. Another breakout would be triggered with a weekly close at or above 1.50, preferably surpassing 1.55.

[xkosmox]

Thats right, still holding a substantial amount; unfortunately my sell instruction was only able to sell off 1 single lot so im still patiently monitoring.

[outof thebox]

IF CPI readings fall within the acceptable Range, the markets are likely to take off. Plays like TGB and CLF should hopefully break out.

[chippermon]

I'm not sure. I would say the numbers fell within an acceptable range (not really sure what that is, arbitrary as well) and although the markets jumped they are falling back now. I know the days isn't over but if they close red I would say this could be a news failure and perhaps the start of a pullback.

[SOL]

“It is not quite ‘mission accomplished’ yet, but significant progress on the inflation front has been made,” said Sung Won Sohn, chief economist at SS Economics and professor of economics and finance at Loyola Marymount University. “On balance, the inflation picture has improved significantly. The Federal Reserve will stop raising the interest rate soon.”

Almost all of the monthly inflation increase came from shelter costs, which rose 0.4% and were up 7.7% from a year ago. Rents rose 0.4%. The BLS said more than 90% of the increase came from that category, which accounts for about one-third of the CPI weighting.

https://www.cnbc.com/2023/08/10/cpi-inf ... 2023-.html

Trueflation states inflation is 2.25
https://truflation.com/

According to ShadowStats, the reported inflation rate ranges between 8-10%, depending on whether the seasonally adjusted or nonadjusted version is used. So it's a game of cat and mouse.

The ultimate goal is to set the stage for pumping significant amounts of money into the system for an extended duration.
http://www.shadowstats.com/alternate_da ... ion-charts


Conversely, the Federal Reserve's ability to continually increase interest rates is limited, considering the substantial rise in our national debt. Presently, servicing this debt costs nearly 1 trillion dollars. Estimates suggest the US government requires 5 billion dollars daily for the next ten years to sustain its current spending pace.
https://www.businessinsider.in/stock-ma ... 544281.cms

Our prediction that the US Debt would reach 100 trillion dollars, which seemed unlikely when the US debt was below 15 trillion, could become an impending reality.

Many countries are experiencing inverted yield curves, which could push them into a recessionary phase. If our national debt were lower, the Fed might have pursued rate hikes until reaching around 8%. However, given the current economic climate, such A would kill the economy.

Anticipate a sudden sneaky move by the Federal Reserve, where it will swiftly declare that inflation no longer poses a threat, just as it abruptly deemed it necessary to combat the inflationary challenge after previously asserting that inflation was a non-event.

[MarkD]

Book recommendation

https://www.amazon.com/Popular-Deceptio ... op?ie=UTF8

Full disclosure, I am familiar with the author via a long term relationship with a common friend. We met on a half dozen or so occasions, but it's been a decade or so since we have seen one another. I was aware he had written a book, but didn't look for it until today. Thought the topic would be on electric power generation so I am surprised of the interesting topic.

[xkosmox]

Encouraging?

https://seekingalpha.com/news/4011855-t ... opper-mine

[SOL]

Encouraging?

https://seekingalpha.com/news/4011855-t ... opper-mine

If TGB manages to stay above 1.55, on a weekly but ideally on a monthly basis, then reaching 1.80 is highly likely in the near future.

[Macca45]

[Hi all thoughts on 2u inc and twillio at current prices? Considerably down on both, thoughts on cut losses or tide it out?

quote=SOL post_id=16842 time=1694704575 user_id=50]

Encouraging?

https://seekingalpha.com/news/4011855-t ... opper-mine

If TGB manages to stay above 1.55, on a weekly but ideally on a monthly basis, then reaching 1.80 is highly likely in the near future.
[/quote]

[xkosmox]

Hey all, looking at an (almost)complete loss of these 20 full lots not lifequality-affecting but definitely a sign to take a pause on investing. Will still be around on the forums