Bitcoin Dumps or Pumps? đ¤ˇââ
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Good morning traders!
Hereâs a little fuel for thought: Trading is one of the few jobs where your paycheck reflects your choices, not your time.
Every move counts, and every mistake teaches.
Whether this week was a victory lap or a gut check, rememberâit's all part of your journey to mastery.
Now, letâs dig into todayâs updates.
đ¨ Can Gold Break $2,650?
Gold's trying to sparkle, but a $2,650 barrier says, âNot today!â With a mild positive bias, itâs teasing traders without making bold moves.
âŹď¸ AUD/USD Sinks to 13-Month Low!
The Aussie dollar is feeling the heat, plunging to its weakest level in over a year! A gloomy economic backdrop and USD strength are keeping it under pressure.
đ°đˇ Korean Stocks Stumble Amid Political Crisis
South Koreaâs markets are in the red, and the won is feeling the sting too! Investors are spooked, with risk-off vibes spreading through the region.
âď¸ Wall Street Goes Full Goldilocks as Jobs Data Fuels Rally!
Itâs not too hot, not too coldâjust right! A balanced jobs report ignites Wall Street, soothing inflation fears while keeping the Fed from tightening further.
đ´ Yen Gains a Little Muscle â But Itâs No Power Lift
The Japanese yen flexed slightly after Q3 GDP revisions but didnât follow through with a real pump. Traders are left scratching their heads as the momentum fizzles. Will the yen find its mojo, or is this just a false start?
đ Americaâs Most Successful EFT Launch?
This Bitcoin ETF is taking victory laps, dominating U.S. markets with stunning success. Investor interest is off the charts, setting records left and right. Is this a turning point for cryptoâs mainstream adoption?
đŞ Bitcoin Tops Charts Again â But Long-Term Holders Are Selling!
BTCâs been riding high, but whispers of major long-term sell-offs are creating ripples. Are we staring down a potential price peakâor is the king of crypto just gearing up for its next big move?
đŻ APPLIED INDUSTRIAL TECH (AIT)
On Dec 2, I recommended a SHORT position in AIT at $275.53.
After a week of patience, the price broke the trendline and hit my target price (TP) at $268.78 last night.
Thatâs a solid 2.51% gain locked in! đ
đŻ EXACT SCIENCES CORP (EXAS)
On Dec 4, I called a SHORT on EXAS at $60.55.
The price retraced, so I added a second SHORT position on Dec 6 at $63.56, bringing my break-even (BE) price to $62.09.
Yesterday, the price dipped below BE, and given the slow holiday market, I decided to secure profits early at $61.35 for a 1.25% gain.
Sometimes, itâs better to take the win and move on! đŞ
đŻ Chart Industries (Gtls)
On Dec 4, we SHORTED this stock at $193.89.
The price hovered below our entry for days, testing our patience.
But persistence pays!
It finally broke the trendline and hit a low of $187.62, where I closed the trade.
Thatâs a sweet 3.15% gain in just one week! đ
đŻ EXXON MOBIL (XOM)
On Dec 6, I recommended a BUY at $114.89.
The price has dipped slightly, but the setup still looks promising.
Iâm watching closely and may add a second position in 1â2 days.
If I do, youâll be the first to know.
For now, weâre waiting for the price to break the trendline and resistance zone.
Patience is key! đ
SCHLUMBERGER (SLB)
The recent drop in the S&P 500 has created several buying opportunities, and for today, our focus will be on SLB.
This stock aligns with all four TAD criteria, making it a strong candidate for a trade.
I recommend taking a buy position when the market opens at $41.
The first profit target is set at $42
The second at $42.50.
As this is a swing trade, you should anticipate holding the position for a few days to up to two weeks to reach the target levels.
Looking Ahead
The holiday season has markets moving a bit slower, but opportunities are always out there.
Iâm on the lookout for high-quality trades and will keep you updated.
For now, enjoy the wins and stay tuned for more profitable setups! đ
Charts and Indicators Got You Cross-Eyed? Hereâs the Simple Way to Win!
Staring at charts, indicators, and trading jargon can feel like trying to solve a Rubikâs Cube blindfolded - itâs confusing, overwhelming, and enough to make your head spin.
But trading doesnât have to be so complicated.
These newsletters strip away the complexity, giving you clear, actionable insights without the intimidating lingo.
Click here to see how you can make sense of the market and start trading with confidence - no cross-eyed charts required.
Shooting Star
A Shooting Star is a bearish reversal candlestick pattern that signals a potential downtrend after an uptrend.
It is characterized by a long upper wick, a small body, and a relatively small lower wick.
What to Look For:
- Long Upper Wick: The upper wick of the Shooting Star candle should be significantly longer than the body of the candle.
- Small Body: The body of the Shooting Star candle should be small, indicating indecision among market participants.
- Small Lower Wick: The lower wick should be relatively short, suggesting that buyers were unable to push the price higher.
Hereâs a stat to blow your mind: if you invested $10,000 in Jim Simonsâ Medallion Fund in 1988, it wouldâve grown to over $20 million todayâyes, 200,000% returns.
Compare that to Warren Buffettâs Berkshire Hathaway, which âonlyâ turned $10,000 into $1 million during the same period.
Jim Simons was one of a kind!
Till his death, He was popularly known as a math professor who cracked market codes like he was solving a cosmic riddle, Jim absolutely did solve the market.
What made him so different?
Simons didnât rely on gut feelings or CNBC headlines. He let the NUMBERS SPEAK.
His team used cutting-edge math and computer models to decode patterns in the chaos.
Imagine having the discipline to trust the data when your emotions scream otherwise.
Thatâs Simonsâ superpower.
The lesson? EMBRACE LOGIC OVER EMOTION.
Whether itâs using a checklist before every trade or journaling your wins and losses, create systems that keep your head cool and your trades smart.
Simons didnât have superhuman instinctsâhe had SUPERHUMAN DISCIPLINE. And guess what? Thatâs something you can build too.
Are you ready to start cracking your own trading code?
Youâve been chasing market predictions, trying to outsmart every move, only for the market to flip the script on you again and again.
How long are you going to let this cycle repeat?
Jim Simons, the GOAT of trading, didnât build his fortune by guessing or gambling.
He stuck to the data, uncovered patterns, and trusted his system. What about you?
Whatâs your strategy?
And more importantly, is it working?
Imagine a better wayâone where youâre not just hoping for profit but creating it.
Thatâs where the 10 Percent A Day (TAD) System comes in. No more emotional decisions. No more chasing shadows. Just solid, repeatable steps to hit consistent wins.
Want to know how it works? Watch this video now and get started.
2025 is around the corner, and the marketâs waiting.
The only question left is: Are you ready to trade smarter or keep repeating the same mistakes?