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Owned by John

PainlessTrader

353 members • Free

I've been trading for twenty years, I'll share my experience.

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58 contributions to PainlessTrader
Introduction
I’m really glad to be here in this community and I’m happy to learn and study here
1 like • 1d
If you're relatively new to trading and just need a massive brain dump then go back and watch the videos that I have posted with me talking about charts. The best way to learn how the markets are manipulated is to just spend a lot of time looking at the charts and I have videos going back both here and on my YouTube channel for probably 10 years now.
0 likes • 5h
@Tree Theresa I gave you access to the course videos. So feel free to go through those. I used to sell that course on Udemy but discontinued it there
Traders, what’s your biggest struggle in the stock or crypto market?
Mine is staying consistent with my strategy. Some days I follow the plan perfectly, other days I drift and regret it later
1 like • Sep 16
@Mir Asif Baloch That really depends on the strategy your are employing. The shorter term your outlook is the more difficult it becomes. I tend to invest mainly in growth stocks, and hold on as long as the fundamentals and technical outlook agree. If you are finding that you are initially right but then end up in a losing position, after not getting out quick enough. You can assume what ever strategy you're employing is being used against you. It's next to impossible to beat the machines on a short term basis.
0 likes • 1d
@John Johnson the fundamental outlook for gold is that it's going to be bullish probably for the rest of our lives why, all of the governments of the world are printing money like crazy are massively in debt and are basically on the verge of collapse. With very few exceptions Russia actually has its fiscal house in order and I think Switzerland still does. Other than that short of a massive policy shift all across the governments of the world the pressure for gold to increase against practically all major currencies is real. Having said that you can still make money trading it but I think you'd have to be a maniac to take the short position in gold or silver at least until the currency collapses are over with. If the US government suddenly balances its budget like Bill Clinton did back in the 90s then you can expect a general collapse of everything all across the board because what has been driving stock market increases as well as gold and silver flat out is government deficit spending. As far as stocks are concerned more than 30% of the s&P 500 companies should be bankrupt today but the reason they're not is government deficit spending allows them to stay alive. There are almost no companies that are valuable at their current pricing fundamentally. There are some companies that have increasing revenue and rising profits. Since I mostly trade the long side I tried to focus on companies with increasing revenue being run by people who kind of know what they're doing. And then I use technicals to figure out when is the right time to buy. If you're focusing on trading gold versus currencies I can't think of a single reason why you would ever take the short side at least an hour lifetime. Of course having said that you might come back and say well I make most of my money on the short side so who knows right a lot of it depends on the system you use.
Rare earth metals
Are there any certain stocks someone likes or dislikes? And why?
0 likes • 1d
Occasionally I post videos about opportunities that I see there's a few older ones you can go back and see how my calls went. Unfortunately I switched brokers recently and everything is all screwed up and it's left me so frustrated that I haven't spent much time actually looking at the charts.
0 likes • 1d
And my account is actually basically flat right now. However gold and silver is still a strong overall trend to the upside which isn't likely to change anytime soon so that makes mining stocks a good place to be looking for bullish trades. A few weeks ago I posted a video talking about how I believe that the top is in for Bitcoin and that mstr would be a great short and that timing turned out to be fabulous. Usually when I post a video about the trade that I see upcoming I will also send out an email notification to everybody so pay attention to those if you see me put something up.
GLD anf SLV
It's highly likely the bottom is in here, I have been away from trading for a while, I'm a dat lat on this bottom call, but GLD looks like 360 is solid and 42 should hold for silver... We'll see..
GLD anf SLV
1 like • 23d
I'm loosing my conviction here, follow through was not quite there. It looks like the whole market wants to come down including the metals.
0 likes • 1d
Well the thing supporting gold and silver is the US federal government continued money printing. Sometimes it gets hard to hold conviction from short-term pullbacks to the overall long-term trend. 10 years from now gold is going to be worth more in US Dollars than it is currently unless they reset the currency. And of course this is true with silver as well.
Luke Groman
https://youtube.com/watch?v=xqtalk5v4ts&si=RzCxP2VogUltw6YB
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John Plough
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29points to level up
@john-plough-5717
The original PainlessTrader , yes there are fakes... Not a "Day Trading Group" - Prefer a few weeks to months positions. Wykoff / Livermore Style.

Active 5h ago
Joined Aug 10, 2024
INTJ