In music, open pipes like flutes or organ pipes resonate at specific frequencies called harmonics or overtones. The fundamental frequency (f°) is the lowest frequency, with each harmonic above it being a multiple: 1st harmonic (2f°), 2nd harmonic (4f°), 3rd harmonic (8f°), and so on. This harmonic structure creates a unique sound characteristic for each...
The bigger picture on USDCAD. After I'd mastered Elliot Wave Principles, orthodox format by Ralph Nelson Elliot and scientific format from Glenn Neely, I mastered Turtle Soup from Romeo. Each of these school of thoughts have knowledge gaps. Fortunately for me, the gap in one is a fill for the other. More like a lock-and-key mechanism. I have become an hybrid...
The chances that we get in life are a testament to the lives we live. This statement has many perspectives, but solid points we can extract from it are: 1. We must take ownership of our lives and the opportunities that come our way. 2. Our choices and actions have consequences, and we must be mindful of the paths we choose. 3. We have the power to create our own...
Accepting that loss means: 1. Setting clear risk parameters: Defining how much you're willing to risk and sticking to it. 2. Diversification: Spreading investments to minimise exposure to a single asset or market. 3. Position sizing: Managing the size of your trades to limit potential losses. 4. Stop-loss orders: Automatically closing positions when they reach a...
Halving has happened. BTC price is sitting at $63k. Everyone is in a buying frenzy believing the journey to $100k has begun. But wait, the dip from $63k to $61k throws in a curveball. From there, it'll bounce back to $67-68k, tempting even the less greedier investors to dive in. What they don't realise is the bull-trap phase at $68k. Then price crashes to...
First principle thinking: Seek not to understand things, rather understand the nature of things. Try not to understand the way things are. Understand the nature of why things are the way they are. You can for yourself extrapolate why things turn out to be that way.