pull down to refresh
11 sats \ 2 replies \ @Rothbardian_fanatic 7 Nov \ on: What is the Fibonacci sequence, “nature’s secret code”? science
The Fibonacci numbers are also used in charting retraces and rises of stocks and commodities. If you can predict these correctly, you will be wealthy.
Can you do it? I mean you know Fibonacci chart?
reply
Yes, but not as accurately as would make me wealthy.
I can see the charts, but making the proper entry and exit is a much more difficult task. Also, you have to deal with the market makers who are frontrunning your orders.
The way I lost a lot of money was when COMEX decided to raise margin rates on the contracts I was holding, forcing me to liquidate at a huge loss.
So, when you are in the organized markets, you are at the mercy of too many people and organizations whose only job is to take your money.
reply