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angelaktariel

The Right Coach/Mentor?

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Sir or Madam

 

If you take a moment to look the charts, and then simply ask yourself "what is the market doing" one assumes that you will eventually (depending on your skill level) come to the conclusion that we are in a volatile, news driven, down trending market. Although they don't like to acknowledge it, professional interests will use that basis to mark markets down to a level where they can buy inventory at distressed prices (prices at or below wholesale value). In order to do this they have to drive markets down. That has been done since the outbreak of the Mideast conflict and now in the wake of the Japan distaster it continues albeit at a slower pace, because the United States is considered to be insulated somewhat from the effects of that tragedy.

 

The charts tell the story of what has happened. Professionals will continue to drive it down until they see other institutions move in with size to buy at distressed prices. There are "tells" that can be used including open interest as well as daily and hourly volume. Those of us who do this for a living also have other tools at our disposal...

 

The original comment was simple. We continue to sell at every opportunity until the market proves us wrong and makes us pay up....That is "how" we look to be right until proven wrong...(the two charts above are examples).

 

And finally what "certifies" me is the level of my commentary and my knowledge of specific markets. There is plenty that I do not know, but the S&P is one market that I know very well. I think a person of average intelligence can tell whether an author knows what they are talking about...if you are skeptical, ignoring my commentary is your best course of action.

 

Good Luck

 

Thank you for providing insight to the average. it is helpful since the average and below average have difficulty looking at a chart and seeing where they should have gone short or should have gone long. Make no mistake. I am a student and eager to increase my averages. In the past I have struggled with grasping whether I should have sold at prices that were higher than the current price or bought at prices that are lower than the current. Thankfully, I am beginning to get a hang for the buy low and sell high thing.

 

The level of your commentary does in fact certify you. And I think we can all learn that to become or remain professional/institutional, we need to remain post facto otherwise our commentary will look, well, rather average and that would make it difficult to toot our horns on a thread about coaching and mentoring.

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… pulling it back on topic

The very best ‘right coach/mentor’ will not tell you anything. Not a thing!

The very best ‘right coach/mentor’ will only ask you special questions you do not have immediate rational answers for.

Disappointed?

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OK so I am a patient person within limits of course. Here is a reply to Mighty Mouse;

 

The first chart I posted showed an area where I was inclined to enter short postions. That chart was posted and notated a little after 2am PST....then about an hour LATER the market retraced up to the lower boundary of that notation (to the tick) where it reversed....

 

Sorry to have to point out that your comment was ass backward wrong...in public...but then you really should think before you post...then you won't have this problem...

 

Finally in an effort to bring this back to the topic...this is in part why skilled people are hesitant to teach....Certainly there are people who are willing to work, to do research and to think about the subject....and then there are those who really never should be involved, or who have emotional issues that prevent them from learning anything of value. Frankly the skilled participant ends up asking him/herself, "why do this when I can just trade and not have to put up with this crap...."

 

Good luck to those who are out there seriously looking for help

Edited by steve46

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OK so I am a patient person within limits of course. Here is a reply to Mighty Mouse;

 

The first chart I posted showed an area where I was inclined to enter short postions. That chart was posted and notated a little after 2am PST....then about an hour LATER the market retraced up to the lower boundary of that notation (to the tick) where it reversed....

 

Sorry to have to point out that your comment was ass backward wrong...in public...but then you really should think before you post...then you won't have this problem...

 

Finally in an effort to bring this back to the topic...this is in part why skilled people are hesitant to teach....Certainly there are people who are willing to work, to do research and to think about the subject....and then there are those who really never should be involved, or who have emotional issues that prevent them from learning anything of value. Frankly the skilled participant ends up asking him/herself, "why do this when I can just trade and not have to put up with this crap...."

 

Good luck to those who are out there seriously looking for help

 

Steve,

 

Like I said, I am trying to learn. I am not sure where my comment was ass backwards wrong. Your 2 am chart showed that I should sell high and buy low. isn't that the idea? And I do not mind the public lashing provided that I learn something in the mix. Trading is tough and as an average or below average person, I seek wisdom from the non-hesitant certified, skilled, institutional professionals and do hope that I in no way hinder your desire to pontificate. And thanks for taking your valuable time away from the institutional trading desk to respond to my incorrigible response.

 

MM

 

and I do appreciate you taking the time from your institutional trading des

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Steve,

 

Like I said, I am trying to learn. I am not sure where my comment was ass backwards wrong. Your 2 am chart showed that I should sell high and buy low. isn't that the idea? And I do not mind the public lashing provided that I learn something in the mix. Trading is tough and as an average or below average person, I seek wisdom from the non-hesitant certified, skilled, institutional professionals and do hope that I in no way hinder your desire to pontificate. And thanks for taking your valuable time away from the institutional trading desk to respond to my incorrigible response.

 

MM

 

and I do appreciate you taking the time from your institutional trading des[/quote

 

You're not sure...I just made it clear....one chart posted at 2am, and price hits the setup at 3...to the tick.....

Keep on digging that hole, if nothing else you do have that talent to fall back on...

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Steve,

 

Like I said, I am trying to learn. I am not sure where my comment was ass backwards wrong. Your 2 am chart showed that I should sell high and buy low. isn't that the idea? And I do not mind the public lashing provided that I learn something in the mix. Trading is tough and as an average or below average person, I seek wisdom from the non-hesitant certified, skilled, institutional professionals and do hope that I in no way hinder your desire to pontificate. And thanks for taking your valuable time away from the institutional trading desk to respond to my incorrigible response.

 

MM

 

and I do appreciate you taking the time from your institutional trading des[/quote

 

You're not sure...I just made it clear....one chart posted at 2am, and price hits the setup at 3...to the tick.....

Keep on digging that hole, if nothing else you do have that talent to fall back on...

 

Ok I admit. you are good if not great. I aspire to be able to hit trades to the tick one day. But n the meantime i have to trudge along and be wrong more than I am right. Who knows I may never learn how to know what the market is going to do. I suppose a good lesson too is to self-certify and develop self importance and begin talking down to others so that they can aspire to be like me. I will need work on maintaining an air of arrogance, but I too will probably have difficulty hiding my true self.

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So really you cannot control yourself....thats too bad, because this business requires emotional control....and when I see people who simply cannot control their impulses, I KNOW that they aren't making money....

 

So heres a comment directed toward those who actually want to learn something

 

Its not about being "good" or "great" and its not about hitting a trade "to the tick"....you can't count on that because the markets are a dynamic and noisy process...and humans are not perfect (obviously none of us are)...so what is the take away from this gentleman's comment?

 

Well if you look at those two charts, you can see that actually, price came up and into the setup area twice...once right after the Globex open, and then several hours later. One of the primary differences between amateurs and pros is the ability to tolerate the tension of holding a position knowing that it might stop you out on the other side of that setup area (I call it a supply demand "node")...Most amateurs can't take the physical tension that causes and they wimp out taking a loss prematurely, only to see price reverse (as it did in the first example) and turn into a nice profitable trade....even when a trade goes immediately in their favor, amateurs often succumb to the temptation of taking profits too soon (after a tick or two) and then they have to watch as that trade moves another 5 to 10 points without them. Learning to manage your emotions, your impulses, your fears and your personal demons is THE main thing that amateurs lack....and that a good mentor can teach...

 

Best of luck

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So really you cannot control yourself....thats too bad, because this business requires emotional control....and when I see people who simply cannot control their impulses, I KNOW that they aren't making money....

 

So heres a comment directed toward those who actually want to learn something

 

Its not about being "good" or "great" and its not about hitting a trade "to the tick"....you can't count on that because the markets are a dynamic and noisy process...and humans are not perfect (obviously none of us are)...so what is the take away from this gentleman's comment?

 

Well if you look at those two charts, you can see that actually, price came up and into the setup area twice...once right after the Globex open, and then several hours later. One of the primary differences between amateurs and pros is the ability to tolerate the tension of holding a position knowing that it might stop you out on the other side of that setup area (I call it a supply demand "node")...Most amateurs can't take the physical tension that causes and they wimp out taking a loss prematurely, only to see price reverse (as it did in the first example) and turn into a nice profitable trade....even when a trade goes immediately in their favor, amateurs often succumb to the temptation of taking profits too soon (after a tick or two) and then they have to watch as that trade moves another 5 to 10 points without them. Learning to manage your emotions, your impulses, your fears and your personal demons is THE main thing that amateurs lack....and that a good mentor can teach...

 

Best of luck

 

Wow, Steve, not only are you an professional/institutional trader who can call the market " to the tick", but you are also have ESP. Amazing how you can glean so much information from a few statements that I make. Quick! How many windows do I have in my office?

 

I cannot control myself because you simply do not get it. Your statements are plainly arrogant and condescending and disguised as you trying to be helpful. Do you really think that it is helpful for novice traders to bash them for being retail amateur traders? Notice how you never lose a trade or make a wrong call. Are these guys supposed to believe that is real? Real traders do take losing trades all the time and everyday.

 

Mon Ami, you buy support and sell resistance. Its not institutional grade and hardly rocket science.

 

Sorry for barging onto your game.

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That being the case I suggest you ignore my comments......that should help to relieve the emotional distress you seem to be feeling....I will do the same...

 

Best of luck to you..

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I don't want to cause any unecessary distress for anyone, but here is today's chart showing the Globex open....and just by coincidence I am sure...price moves up to test a supply/demand node created at the end of the regular trade session, where oops it gets hammered by shorts....

 

Again I am sure it is simply coincidence that this short trade occurred at the begining of the Globex session. In fact I suggest people simply ignore it....

snapshot-92.png.1e25d130729ae4b8b9e7e44d2ea72dba.png

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Thank you Steve. I have found your posts interesting as well as informative.

You mention earlier that it's not about calling it to the tick. I have found that my winners often exceed my target area. It used to bother me. "why didn't I see that?", if only I had stayed in I could have made 10, 25, 50 pips more. Now I am ok with it. The trade produced what I wanted, went according to plan. As for the profit I left on the table? Well, I can't lose what I never had.

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Thank you Steve. I have found your posts interesting as well as informative.

You mention earlier that it's not about calling it to the tick. I have found that my winners often exceed my target area. It used to bother me. "why didn't I see that?", if only I had stayed in I could have made 10, 25, 50 pips more. Now I am ok with it. The trade produced what I wanted, went according to plan. As for the profit I left on the table? Well, I can't lose what I never had.

 

Hi Mystic, and thanks for the kind words. Your comment is also interesting and very pertinent to the subject at hand. At the end of the previous session, the S&P futures bumped up as though it were going to reverse....As I mentioned yesterday, professionals see this market as one with an "obvious bias" due mostly to the turmoil we see in Libya and Japan's tragic natural disaster. The tendency is for institutions to look to mark the market down at every opportunity, so that they can buy inventory at distressed prices. Yesterday at close of RTH, the S&P futures moved up as though to reverse the trend....then as I mentioned "coincidentally" someone hammered it down right after the open of the Globex market. I posted a chart showing the short entry off of the supply/demand node and here is the continuation chart, showing the 50 pt move south. I am like you in this respect, and would not have expected to catch this move entirely, but then even a few extra points would have made it a very nice day.

snapshot-93.png.56e49f2736e385a66cdb58173f7d8b7a.png

Edited by steve46

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So, I am wondering, how does one find a coach? How do you even look for one? Do you look for one that you can see face to face, or someone you just talk to on the phone, or just in a chat room? I don't know where to start.

 

I am at the point, where I want to find someone who can help me set up my day trading system. I am trying to keep it simple as Brownsfan says, but I need to be able to speak to someone about the day to day things one does, when they do trading full time.

 

I am about to get the right capital to have a good chunk to trade with and for now I am looking to trade stocks strictly. I would be interested in futures and options, but I don't want to get an overload and want to learn those as I have perfected one thing at a time.

 

So, I am asking you guys, those who really jumped into this, as I am planning on, how do you find a coach, mentor, or whatever you may call that person who is going to help you day to day in the beginning.

 

I would appreciate the help. The education is tremendeous here, so I know I am asking the right people. If anyone would like to call me, if they have time for a chat, even a quick one, if they can help, please send me a PM and I will send you my cellphone number, as I wasn't sure if I should just advertise it for the world literally to see...hehehe.

 

Thanks,

Eva

 

Hi Eva

After a lot of scams and loosing money on various so called mentors, I found guys very professional and cost effective, I am now stick with them and very happy with their style of coaching as well as mentoring. You may try them as well.

 

Hope it helps

Zubair

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Hi Mystic, and thanks for the kind words. Your comment is also interesting and very pertinent to the subject at hand. At the end of the previous session, the S&P futures bumped up as though it were going to reverse....As I mentioned yesterday, professionals see this market as one with an "obvious bias" due mostly to the turmoil we see in Libya and Japan's tragic natural disaster. The tendency is for institutions to look to mark the market down at every opportunity, so that they can buy inventory at distressed prices. Yesterday at close of RTH, the S&P futures moved up as though to reverse the trend....then as I mentioned "coincidentally" someone hammered it down right after the open of the Globex market. I posted a chart showing the short entry off of the supply/demand node and here is the continuation chart, showing the 50 pt move south. I am like you in this respect, and would not have expected to catch this move entirely, but then even a few extra points would have made it a very nice day.

 

Your terminology and general methodology sounds very much like that of Sam Seiden, for example supply and demand nodes. Did you receive training from him or his group?

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My only input is to say that before deciding on a mentor/coach, you have to do your best to know what you don't know. I know it sounds like a complicated phrase, but it's really not.. Since these mentors/coach charge a fee, you have to know what you are in search of in order to get the most for your money and time..

 

It's like going to a professor for extra help.. If you go there not having studied the topic, it's rather hard for you to maximize your time with him as you wont know what questions to ask or what's worth asking about...

 

So in essence, there are things that any trader can learn on their own and I'm of the firm belief that there are things that only experience and "successful" traders can teach..

 

Some people (through years of trading) pick up the right methodologies and that's what as trader looking for a mentor should be trying to pick up...

 

Just a heads up to not waste money on things that you can learn yourself.. Take the time and get your hands dirty trading (even if simulated) before enlisting the help of a mentor/coach..

 

That way, you will know what to ask, what to focus on and maybe save money...

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Sorry Josh, don't know the man (Seiden)....as mentioned previously, the concept of supply & demand comes from classical economic theory....by now I am sure that other professionals have adapted some form for it for trading.

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Sorry Josh, don't know the man (Seiden)....as mentioned previously, the concept of supply & demand comes from classical economic theory....by now I am sure that other professionals have adapted some form for it for trading.

 

Indeed steve, can't credit whoever came up with "supply" and "demand" for sure, though Sam credits an old book, can't remember the name, for his understanding of it... Sam Seiden talks about "supply and demand nodes" and has pictures similar to what you posted, that's the only reason I asked. Just curious as I have enjoyed watching his free videos but have never paid for anything personally. It's just simple support and resistance really, though thinking of it as demand at the bottom and supply at the top does put a different spin on it and can be helpful I suppose.

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90% of trading coaches are sincere and well intended - but 80% of trading coaches are incompetent. They attribute their own deficits to you and try to fix them. They ‘re actually learning to trade by teaching. They learn to fix themselves by learning (usually unsuccessfully) how to fix you – and as soon as they get it they no longer coach. Hm… so, basically, few trading coaches are actually strengths based…

 

I suggest you go for mentor instead of a coach. Unless you can precisely state your trading style and predilections, expect to go through a series of potential mentors before hopefully finding a fit. If you aren’t yet sure of your trading style(s), I would suggest you spend equal time in self exploration to your ‘screen time’ until you ‘know thyself’ - then apply the ‘speed dating’ technique to find a mentor.

 

If you want to post (or PM) your trading style – I will put together a few referrals for you.

 

All the best

 

That was a priceless post ZDO.

 

My mentor was / is a genius and spent a year trying to teach me his unique trend trading method within a small group in a live room, the problem was I was too green to get it way back then (2006).

 

I have spent the last five years learning / improving my trading fulltime with his stuff always in the back of my mind as being the "right" way to trade.

 

Way back in 06 he was averaging 70% win rates with quality 2-1 rr trades trading m15 trends in the direction of the h4 trend,

 

I could write reams on why his method was so right and why I didn't get it first time around but the point is I KNEW it was right cos he showed me by calling trades live in front of the groups eyes. We just were too green to get it way back then.

 

My point??

 

Well I get his method wholeheartedly now and have improved on it even, BUT, that doesn't mean I can trade it to the 70% or even 90% win rates that I know he now achieves.

 

You know what they say, give a group of traders a winning method and they will all get differing results.

 

I now teach his methods, some take years to get it, some take months, the most recent student is actually pissing me right off cos he is trading it so well even after just three months.

 

Teaching helps me enormously, it forces me to question myself every time I look at a chart or try to explain things to a student. Is it wrong that I teach? I don't think so, it would be a crime not to try to improve the method and spread the knowledge imho.

 

My mentor teaches and it improved his trading, I teach and it is improving mine. The method is unique, I have paid for my tuition with cash, years of my life and stress beyond belief.

 

P.S. all the people I have mentored so far have been free, I realise that I enjoy it and am good at it so now I charge, it is a natural progression.

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Indeed steve, can't credit whoever came up with "supply" and "demand" for sure, though Sam credits an old book, can't remember the name, for his understanding of it... Sam Seiden talks about "supply and demand nodes" and has pictures similar to what you posted, that's the only reason I asked. Just curious as I have enjoyed watching his free videos but have never paid for anything personally. It's just simple support and resistance really, though thinking of it as demand at the bottom and supply at the top does put a different spin on it and can be helpful I suppose.

 

Well Josh, you are the second person to make the mistake of thinking that Supply/Demand analysis is "the same" as support and resistance...IF Mr. Seiden teaches that, then unfortunately I have to say we disagree....

 

Basically supply/demand analysis involves learning to distinguish when markets (meaning orders to buy vs orders to sell) are "in balance" or "out of balance'. To the extent that you realize this, you have a chance of learning something critically important...if instead you try to reduce it to simple support and resistance, well then you are seeing only part of a market and like most retail players, you will always be operating at a disadvantage.

 

Good luck

Edited by steve46

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Steve, I'm not sure what he teaches, but I'm interested in the distinction. I typically think of a level of "support" as a level at which buyers "supported" price and thus bought, causing price to rise. The only reason I can think that enough people aggressively bought is because the demand of market participants at that price level was high enough to make the price attractive to buy. Can you distinguish the two and correct my combining the two terms?

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Steve, I'm not sure what he teaches, but I'm interested in the distinction. I typically think of a level of "support" as a level at which buyers "supported" price and thus bought, causing price to rise. The only reason I can think that enough people aggressively bought is because the demand of market participants at that price level was high enough to make the price attractive to buy. Can you distinguish the two and correct my combining the two terms?

 

Well the concept of support/resistance never did much for me....probably because when I was a retail trader I did not have a definition that worked consistently....Your definition is fine, except that typically what retail traders think of as support is a single price at which they can get in expecting an immediate reversal...a line in the sand....supply demand analysis doesn't work that way (at least not all the time)...for example, "demand" often occurs over a range of prices depending on the time frame of the chart.... thats just point #1

 

In addition there are multiple levels of supply and demand and knowing which one to trade is the important issue...most retail traders cannot isolate real support because they don't know how to define it...for me again it depends on time frame...I prefer to start with longer time frame charts....define my supply/demand levels and then work my way down to shorter time frames. When you do this, what you see is that eventually you get down to a more workable level of risk (because the range of prices that constitute supply or demand gets condensed down)....

 

The problem I have here is that this forum doesn't lend itself to what you need to see...on a long term chart...you need to see price leave a swing high or low and move significantly away....then make a base, and finally start to re-trace...as you move to shorter time frames....this model becomes the best way to visualize supply because you can see how price tests all the "in between" levels...the ones that retail trader think of as support or resistance....thats the way most of us learn...and I don't have the time to take people on that journey and still do my own work.

 

Hope this helps you a little bit

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Well the concept of support/resistance never did much for me....probably because when I was a retail trader I did not have a definition that worked consistently....Your definition is fine, except that typically what retail traders think of as support is a single price at which they can get in expecting an immediate reversal...a line in the sand....supply demand analysis doesn't work that way (at least not all the time)...for example, "demand" often occurs over a range of prices depending on the time frame of the chart.... thats just point #1

 

In addition there are multiple levels of supply and demand and knowing which one to trade is the important issue...most retail traders cannot isolate real support because they don't know how to define it...for me again it depends on time frame...I prefer to start with longer time frame charts....define my supply/demand levels and then work my way down to shorter time frames. When you do this, what you see is that eventually you get down to a more workable level of risk (because the range of prices that constitute supply or demand gets condensed down)....

 

The problem I have here is that this forum doesn't lend itself to what you need to see...on a long term chart...you need to see price leave a swing high or low and move significantly away....then make a base, and finally start to re-trace...as you move to shorter time frames....this model becomes the best way to visualize supply because you can see how price tests all the "in between" levels...the ones that retail trader think of as support or resistance....thats the way most of us learn...and I don't have the time to take people on that journey and still do my own work.

 

Hope this helps you a little bit

 

That is a great explanation Steve and exactly how I have come to understand SR.

 

I have studied SR for years now and came to the same conclusion as Josh that orderflow, fair value, balance etc mean similar thing to SR. Ultimately when supply runs out and the balance tips I consider that to be support. All can be traded in similar or totally different ways.

 

Back on topic, mentoring fills a gap between waiting for the perfect setups for me. Patience and discipline have been the hardest thing I ever had to learn about retail trading.

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That is a great explanation Steve and exactly how I have come to understand SR.

 

I have studied SR for years now and came to the same conclusion as Josh that orderflow, fair value, balance etc mean similar thing to SR. Ultimately when supply runs out and the balance tips I consider that to be support. All can be traded in similar or totally different ways.

 

Back on topic, mentoring fills a gap between waiting for the perfect setups for me. Patience and discipline have been the hardest thing I ever had to learn about retail trading.

 

Wow....Incredible....I have to admit that your interpretation of my comments was "surprising"

 

I remember a crazy old gentleman trader named Ed Seykota, who said (among other things) that we all get just what we want from the markets....I have been very fortunate and seems that I have already got what I wanted....I can only hope that you get what you want as well..Best of luck to you sir (or madam)...

Edited by steve46

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    • Hello citizens of the U.S. The hundred year trade war has leaked over into a trading war. Your equity holdings are under attack by huge sovereign funds shorting relentlessly... running basically the opposite of  PPT operations.  As an American you are blessed to be totally responsible for your own assets - the govt won’t and can’t take care of you, your lame ass whuss ‘retail’ fund managers go catatonic  and can't / won’t help you, etc etc.... If you’re going to hold your positions, it’s on you to hedge your holdings.   Don’t blame Trump, don’t blame the system, don’t even blame the ‘enemies’ - ie don’t blame period.  Just occupy the freedom and responsibility you have and act.  The only mistake ‘Trump’ made so far was not to warn you more explicitly and remind you of your options to hedge weeks ago.   FWIW when Trump got elected... I also failed to explicitly remind you... just sayin’
    • Date: 7th April 2025.   Asian Markets Plunge as US-China Trade War Escalates; Wall Street Futures Signal Further Turmoil.   Global financial markets extended last week’s massive sell-off as tensions between the US and its major trading partners deepened, rattling investors and prompting sharp declines across equities, commodities, and currencies. The fallout from President Trump’s sweeping new tariff measures continued to spread, raising fears of a full-blown trade war and economic recession.   Asian stock markets plunged on Monday, extending a global market rout fueled by rising tensions between the US and China. The latest wave of aggressive tariffs and retaliatory measures has unnerved investors worldwide, triggering sharp sell-offs across the Asia-Pacific region.   Asian equities led the global rout on Monday, with dramatic losses seen across the region. Japan’s Nikkei 225 index tumbled more than 8% shortly after the open, while the broader Topix fell over 6.5%, recovering only slightly from steeper losses. In mainland China, the Shanghai Composite sank 6.7%, and the blue-chip CSI300 dropped 7.5% as markets reopened following a public holiday. Hong Kong’s Hang Seng Index opened more than 9% lower, reflecting deep concerns about escalating trade tensions.           South Korea’s Kospi dropped 4.8%, triggering a circuit breaker designed to curb panic selling. Taiwan’s Taiex index collapsed by nearly 10%, with major tech exporters like TSMC and Foxconn hitting circuit breaker limits after each fell close to 10%. Meanwhile, Australia’s ASX 200 shed as much as 6.3%, and New Zealand’s NZX 50 lost over 3.5%.   Despite the escalation, Beijing has adopted a measured tone. Chinese officials urged investors not to panic and assured markets that the country has the tools to mitigate economic shocks. At the same time, they left the door open for renewed trade talks, though no specific timeline has been set.   US Stock Futures Plunge Ahead of Monday Open   US stock futures pointed to another brutal day on Wall Street. Futures tied to the S&P 500 dropped over 3%, Nasdaq futures sank 4%, and Dow Jones futures lost 2.5%—equivalent to nearly 1,000 points. The Nasdaq Composite officially entered a bear market on Friday, down more than 20% from its recent highs, while the S&P 500 is nearing bear territory. The Dow closed last week in correction. Oil prices followed suit, with WTI crude dropping over 4% to $59.49 per barrel—its lowest since April 2021.   Wall Street closed last week in disarray, erasing more than $5 trillion in value amid fears of an all-out trade war. The Nasdaq Composite officially entered a bear market on Friday, sinking more than 20% from its recent peak. The S&P 500 is approaching bear territory, and the Dow Jones Industrial Average has slipped firmly into correction territory.   German Banks Hit Hard Amid Escalating Trade Tensions   German banking stocks were among the worst hit in Europe. Shares of Commerzbank and Deutsche Bank plunged between 9.5% and 10.3% during early Frankfurt trading, compounding Friday’s steep losses. Fears over a global trade war and looming recession are severely impacting the financial sector, particularly export-driven economies like Germany.   Eurozone Growth at Risk   Eurozone officials are bracing for economic fallout, with Greek central bank governor Yannis Stournaras warning that Trump’s tariff policy could reduce eurozone GDP by up to 1%. The EU is preparing retaliatory tariffs on $28 billion worth of American goods—ranging from steel and aluminium to consumer products like dental floss and luxury jewellery.   Starting Wednesday, the US is expected to impose 25% tariffs on key EU exports, with Brussels ready to respond with its own 20% levies on nearly all remaining American imports.   UK Faces £22 Billion Economic Blow   In the UK, fresh research from KPMG revealed that the British economy could shrink by £21.6 billion by 2027 due to US-imposed tariffs. The analysis points to a 0.8% dip in economic output over the next two years, undermining Chancellor Rachel Reeves’ growth agenda. The report also warned of additional fiscal pressure that may lead to future tax increases and public spending cuts.   Wall Street Braces for Recession   Goldman Sachs revised its US recession probability to 45% within the next year, citing tighter financial conditions and rising policy uncertainty. This marks a sharp jump from the 35% risk estimated just last month—and more than double January’s 20% projection. J.P. Morgan issued a bleaker outlook, now forecasting a 60% chance of recession both in the US and globally.   Global Leaders Respond as Trade Tensions Deepen   The dramatic market sell-off was triggered by China’s sweeping retaliation to a new round of US tariffs, which included a 34% levy on all American imports. Beijing’s state-run People’s Daily released a defiant statement, asserting that China has the tools and resilience to withstand economic pressure from Washington. ‘We’ve built up experience after years of trade conflict and are prepared with a full arsenal of countermeasures,’ it stated.   Around the world, policymakers are responding to the growing threat of a trade-led economic slowdown. Japanese Prime Minister Shigeru Ishiba announced plans to appeal directly to Washington and push for tariff relief, following the US administration’s decision to impose a blanket 24% tariff on Japanese imports. He aims to visit the US soon to present Japan’s case as a fair trade partner.   In Taiwan, President Lai Ching-te said his administration would work closely with Washington to remove trade barriers and increase purchases of American goods in an effort to reduce the bilateral trade deficit. The island's defence ministry has also submitted a new list of US military procurements to highlight its strategic partnership.   Economists and strategists are warning of deeper economic consequences. Ronald Temple, chief market strategist at Lazard, said the scale and speed of these tariffs could result in far more severe damage than previously anticipated. ‘This isn’t just a bilateral conflict anymore — more countries are likely to respond in the coming weeks,’ he noted.   Analysts at Barclays cautioned that smaller Asian economies, such as Singapore and South Korea, may face challenges in negotiating with Washington and are already adjusting their economic growth forecasts downward in response to the unfolding trade crisis.           Oil Prices Sink on Demand Concerns   Crude oil continued its sharp slide on Monday, driven by recession fears and weakened global demand. Brent fell 3.9% to $63.04 a barrel, while WTI plunged over 4% to $59.49—both benchmarks marking weekly losses exceeding 10%. Analysts say inflationary pressures and slowing economic activity may drag demand down, even though energy imports were excluded from the latest round of tariffs.   Vandana Hari of Vanda Insights noted, ‘The market is struggling to find a bottom. Until there’s a clear signal from Trump that calms recession fears, crude prices will remain under pressure.’   OPEC+ Adds Further Pressure with Output Hike   Bearish sentiment intensified after OPEC+ announced it would boost production by 411,000 barrels per day in May, far surpassing the expected 135,000 bpd. The alliance called on overproducing nations to submit compensation plans by April 15. Analysts fear this surprise move could undo years of supply discipline and weigh further on already fragile oil markets.   Global political risks also flared over the weekend. Iran rejected US proposals for direct nuclear negotiations and warned of potential military action. Meanwhile, Russia claimed fresh territorial gains in Ukraine’s Sumy region and ramped up attacks on surrounding areas—further darkening the outlook for markets.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • AMZN Amazon stock watch, good buying (+313%) toi hold onto the 173.32 support area at https://stockconsultant.com/?AMZN
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