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$GC & $SLV - Is the bottom in?
Why you shouldn't care...
And what to do next...
"Damn Aidan, that's stone cold." @Papaws13
Why you shouldn't care...
And what to do next...
"Damn Aidan, that's stone cold." @Papaws13
Is the bottom in?
I have no clue. And nor does twitter. But more importantly... IT DOES NOT MATTER.
That is right. Whether you catch the bottom or not means nothing. Great if you have, congrats. But if you have you are more likely to have been in and out many times...
I have no clue. And nor does twitter. But more importantly... IT DOES NOT MATTER.
That is right. Whether you catch the bottom or not means nothing. Great if you have, congrats. But if you have you are more likely to have been in and out many times...
That DOES MATTER.
Hopping in and out in a Bull Market is the approach you should fear more than anything. This why the majority will miss the big moves. It is why the market wins and why many will be watching the next bull from the side lines.
Mentality, Mentality, Mentality.
Hopping in and out in a Bull Market is the approach you should fear more than anything. This why the majority will miss the big moves. It is why the market wins and why many will be watching the next bull from the side lines.
Mentality, Mentality, Mentality.
The time now is not to seek a perfect entry, it is to seek the perfect mentality.
Let me explain - Here is the weekly chart of silver in 2001. The first bottom, second did not break, a number of weeks later a lower low. Which one do you need to buy?
Let me explain - Here is the weekly chart of silver in 2001. The first bottom, second did not break, a number of weeks later a lower low. Which one do you need to buy?
The Answer - It does not matter...
What followed is a move that many who tried to second guess missed out on.
The ONLY thing that mattered was the 'buy and hold' mentality needed to hold the bulk of the move.
This is something few understand - See updated chart...
What followed is a move that many who tried to second guess missed out on.
The ONLY thing that mattered was the 'buy and hold' mentality needed to hold the bulk of the move.
This is something few understand - See updated chart...
But, But... Miners may still fall 20/30%...
Who gives a Sh*£? They very may well. Holding in the red is part of the journey if you want big wins.
What now?
Now is the time to get serious. Get serious about not thinking about the markets. Nada, nothing, zip...
Who gives a Sh*£? They very may well. Holding in the red is part of the journey if you want big wins.
What now?
Now is the time to get serious. Get serious about not thinking about the markets. Nada, nothing, zip...
We have had the first move. The next move will be significant. It will gyrate and hurt those determined to make 'the perfect entry/ exit'.
Earlier this week @Papaws13 helped me position 10% of my PF in Silver options. I thanked him for the guidance...
Earlier this week @Papaws13 helped me position 10% of my PF in Silver options. I thanked him for the guidance...
And then IMMEDIATELY deleted the app and my access to the market.
Why? Because I am not selling today. The money is not invested for weeks - it is in there until Silver makes its move. Seeing the ups and downs will only distract me from the end goal.
Why? Because I am not selling today. The money is not invested for weeks - it is in there until Silver makes its move. Seeing the ups and downs will only distract me from the end goal.
We cannot 'babysit' gold and silver to new highs. But we have done the work. We know the direction, so ALL we have to do is fine tune the mentality. Which is to do NOTHING.
The most important read you will ever have is Jesse Livermore's - but this page is the one that matters.
The most important read you will ever have is Jesse Livermore's - but this page is the one that matters.
Summary:
Your entry does not matter.
Your mentality does. Fine tune this as a priority.
Remove your dependence on the market. It will move without your support!
2021 will be volatile and beautiful. Avoid the former and come back for the latter.
Very best.
Your entry does not matter.
Your mentality does. Fine tune this as a priority.
Remove your dependence on the market. It will move without your support!
2021 will be volatile and beautiful. Avoid the former and come back for the latter.
Very best.
The most important learning one can have in 3 succinct paragraphs.
Summary - Learn to do nothing.
Summary - Learn to do nothing.
