Month: February 2022
Nasdaq is currently at 14184 (as I speak), It’s Sunday 27th February, 2022 and the bulls are making it weirder. Speaking of weird, I know you’re wondering—what is this? Anyway, I’m Lazyluchi and the host/author of “Nasdaq what now?”. If you want a brief history of Nasdaq 100 (Tap that).. I also did the honors of helping you with timing, as well. That is, if you want to really know what goes on when that Nasdaq bell rings. Also known as, The US market opening.
That aside, For this category/blog, I’ll be having four different questions that will give you an insight of what to expect in Nasdaq100. Questions like: Who’s in the market?, What are they doing, The chart patterns or pattern you see?, The current market structure and finally, What stage the Nasdaq is currently in. With this, you can’t miss out on the trend or having a vivid picture of what to do when trading the Nasdaq.
[coughs] Ergo, see me as your Nasdaq spirit guide. P.s- Don’t get married to my ideas. Always, have an open and objective mind when reading my blogs. because, people be believing and trusting anyone with their money speaking of weird, again, I find that weirder. Don’t trust anyone even this writer.
Reflection [chuckles] What is reflection? Do you love your own reflection? So many questions—with, yet again… different definitions. A reflection is the return of light, heat, energy or sound waves from any surface. “To fix one’s thoughts (particularly from the past) on something”, is also a reflection. When you reflect, you ponder, mull, think—reflecting is synonymous with “past”—In most cases, you can only reflect if it’s something from the past.
However, writing this particular journal entry, I thought of: “what our reflections would be like as traders”. Have you ever had to reflect back to who you were before trading?, Well, I do sometimes, who am I kidding? I’m even doing it now.
According to our definitions, In the word reflection, we get to pick some words like: “The return of light, heat, energy or soundwaves”, “Fix one’s thoughts”… You know what this means?, The first definition, simply means: your reflection is how you feel at a particular moment, the energy you transmit at that point is reflected. That’s why, if you look in the mirror—sad, you will not expect to see someone happy in there. Whereas, the second is an escape from realty. That is, when you reflect you leave this particular plane, moment and travel back in time.
Jeffrey Benson went ahead to let us in on his forex voyage. “I got to know about forex through a family friend”. He speaks about Mr. Kunle who let him in on the forex virtue—by inviting him to a seminar (IML) in which he had to raise $200 for mentorship. Benson couldn’t keep up with the fees of the academy so, he quit and decided to learn this skill online independently. In terms of education, Benson might just be a maverick. Fire pips CEO: also lets us in on his trading plan, favorite pairs, and all his confidentials in this cruise.
“Seeing people win as much as I’m winning; motivates me. Taking trades and people gaining from—it just makes me want to do more. I love people and I’m inspired by them”.
— Jeffrey Benson.
How do you manage a trade when in it?
Whenever I have running trade, since I’m a day trader, I don’t leave my MT4 closed. I stay by it. All my trades get 20 pips stop-loss and that’s my best. I move this SL—as I get closer to my target to reduce my risk (that’s break-even). That’s like using the market’s money to trade.