Responsible Trading – The Street-Smart Responsible Trader
Responsible Trading – The Street-Smart Responsible Trader
I wanted to continue sharing the MCTA Lessons today. However, because of the rally on the PSEi yesterday, I saw some “dead” stocks moving and this prompted me to raise the alarm bells to warn newbies about the danger poised by some unscrupulous stock market operators.
You might be tempted to throw all the learnings you got from the lessons I shared believing that “a high tide raises all boats.” This might be true in real life, but in the Philippine stock market some boats are not worth riding. No matter what people say about the BULL market, always trade with caution. Always trade at your own tolerable risk level.
This week, I want to share two of my favorite videos on the subject of Pump and Dump. I believe this is more important than the MCTA lesson I am supposed to share with you this week. Please know the modus operandi by heart so that you will not have any regrets later on.
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The first video is about a dialogue between a Husband and Wife. The Wife is a Victim of Chatroom and Message Boards. Try to listen very well and see if some terms used sound familiar to you. (Pardon the “F”words. I do not approve of them myself).
How Penny Stocks Work
The second video talks about the mechanics of the pump and dump and action you have to take if you become a victim.
Anatomy of a Pump and Dump
I hope you learned something valuable today. Unlike BTC or ETH, NW stands for New World actually, an MMO by Amazon Games. If you buy NW Coins now, you can sell them later on just like crypto. Responsible Trading is not just about book knowledge. If you’re an active trader who spends time switching in between different crypto exchanges, then this bitcoin prime review by cradio will save even more time for you. Responsible Trading is about facing the challenges of trading in real time and real life. You should also consider to get substrate as soon as possible. Now there is a new way to trade in real time with a new asset in the market called cryptocurrency, you can look for information so you can learn how it works, where to buy cryptocurrency (many people are now looking to buy bitcoin), how to invest with it, and to trade or just buy. All of this information can be found at bitcoinmoney.net. You might need help from a professional or you can learn from crypto news and start investing in this profitable market. For newcomers to cryptocurrency investing, HODL is one of many insider terms used in forums and articles. While some claim that HODL is an acronym for “hold on for dear life,” they actually misspelled the word “holding” and hodl just became a part of crypto slang.
Next week, I will share with you MCTA Lesson No. 8 – Further Charting
Good luck on your learning journey and I wish you the best in all your trades.
Have a blessed weekend everyone.