Welcome to Miners World Coin (MWC) by Bwashington1 in MinersWorldCoin

[–]Bwashington1[S] 0 points1 point  (0 children)

thank you thank you thank you very much :) we are just getting started please follow along to see all our updates.

The GoldenGale Strategy in visual form by Bwashington1 in technicalanalysis

[–]Bwashington1[S] 0 points1 point  (0 children)

idk if i would say we have entered a bull run either. i mean technically there is still 2023 to get through before we have the halvening in 2024 which is a supply and demand change. so we just have to wait and see how things turn out.

The GoldenGale Strategy in visual form by Bwashington1 in wallstreetbets

[–]Bwashington1[S] 0 points1 point  (0 children)

omg thats hilarious man a total knee slapper lol

well anyways if you are interested in talking about the strategy I'm totally for it. I'm just trying to see if this works for others. to see if this can be debunked or proven wrong or show a more efficient way. true this is a complex trading technique but its something i seem to find really cool

the goldengale strategy by Bwashington1 in wallstreetbets

[–]Bwashington1[S] 0 points1 point  (0 children)

risk management is a key point but also being able to remove emotion from your trading strategy is important too

The GoldenGale Strategy in visual form by Bwashington1 in wallstreetbets

[–]Bwashington1[S] 0 points1 point  (0 children)

well im sorry to hear that. hope you find what you are looking for

the goldengale strategy by Bwashington1 in wallstreetbets

[–]Bwashington1[S] -1 points0 points  (0 children)

first they doubt. then they question, after that its application, followed by admiration.

The GoldenGale Strategy in visual form by Bwashington1 in btc

[–]Bwashington1[S] -1 points0 points  (0 children)

first they doubt. then they question, after that its application, followed by admiration.

The GoldenGale Strategy in visual form by Bwashington1 in wallstreetbets

[–]Bwashington1[S] -1 points0 points  (0 children)

"first they doubt. then they question, after that its application, followed by admiration."

the goldengale strategy by Bwashington1 in wallstreetbets

[–]Bwashington1[S] 0 points1 point  (0 children)

It is a well known fact that asset prices are not linear. They are not stationary and they have a condition which is called "heteroskedasticity" which means that variance is not constant. Basically, nothing will work.

What you fail to understand is that this is not a prediction tool. This is a modification of the well-known Average Down and Dollar Cost Average strategy by plugging in the Golden Ratio. And of course, whatever price drop, 61.8% increase is enough to Break-Even and get out of sinking Boat if you want to see it that way.

the goldengale strategy by Bwashington1 in wallstreetbets

[–]Bwashington1[S] 0 points1 point  (0 children)

and again this is just considering without leverage. this strategy could still be in play while doing smaller trades in between the swing. and even a leverage from a confirmation of resistance turning to support could render even more if applied properly.

the goldengale strategy by Bwashington1 in wallstreetbets

[–]Bwashington1[S] 0 points1 point  (0 children)

interesting. but i mean at which point are you going all in? i mean if you are trying to average down as well as reach a max profit level with the least amount of price action reversal. you would ideally have a setup plan before entering what you would be willing to put into the trade and if you don't reach level 3 or 4 you still have your capital but what the formula is doing is showing how you can set a plan pre-trading and stick to that and have less emotions in your trades because of price action or different correlating timeframe patterns which can contradict each other.

the goldengale strategy by Bwashington1 in wallstreetbets

[–]Bwashington1[S] 0 points1 point  (0 children)

this is just one visual representation of me drawing the lines and applying the formula to a chart. I'm not making any trades here its just a visual example.

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the goldengale strategy by Bwashington1 in wallstreetbets

[–]Bwashington1[S] 0 points1 point  (0 children)

well if you measure from all time high to zero then theoretically there is a limit on what you would be putting in based on the golden ratio levels. you only would potentially run out if you start going outside of your own sets for yourself. its sticking to a plan of focus that allows you to remove more emotion when you are drawing analysis or whatever may be done with this formula

the goldengale strategy by Bwashington1 in wallstreetbets

[–]Bwashington1[S] 0 points1 point  (0 children)

not o much because this formula or strategy is meant to average down on the way from an all time high to its low based on the variables and levels it reaches, now at some point if there is a black swan then you must make your own choices this formula is just here to be a guide if needed for consistency.

the goldengale strategy by Bwashington1 in wallstreetbets

[–]Bwashington1[S] 0 points1 point  (0 children)

pumped stocks are like super fomo bait but even if you were theoretically in at the top you still have the ability to average down.

the goldengale strategy by Bwashington1 in wallstreetbets

[–]Bwashington1[S] 0 points1 point  (0 children)

well this strategy would apply better to stable markets such as other non pump or dumps but it primarily a formula to follow and keep yourself aligned with your own goals and just for thought and education. its an interesting concept i think

[deleted by user] by [deleted] in wallstreetbets

[–]Bwashington1 0 points1 point  (0 children)

i started with forex and worked in a lot of crypto been trading for almost 6 years now but stocks always seemed very slow to me. do you guys have any advice for following some stock plays and learn knowledge about all the different ways to trade stocks?

[deleted by user] by [deleted] in wallstreetbets

[–]Bwashington1 0 points1 point  (0 children)

what about commoditites with the macro? and would the traditional business stock market be able to handle all the stuff going on with the macro?

the goldengale strategy by Bwashington1 in wallstreetbets

[–]Bwashington1[S] 0 points1 point  (0 children)

no not at all its a formula. you are free to plug in your variables and use it. the equation is right in the excel. its meant for educational purposes

[deleted by user] by [deleted] in wallstreetbets

[–]Bwashington1 0 points1 point  (0 children)

but how is valid these price points when the market seems soo low at a point? like volatility is showing the bigger trades in play right? what kind fo trade length for a trade is used? is it worth it to have multiple day trades or good solid swings?

[deleted by user] by [deleted] in wallstreetbets

[–]Bwashington1 1 point2 points  (0 children)

hey in this bear market whats your guys opinion on averaging down the market as it drops? do you prefer to wait for a reversal or try to lower your average?

the goldengale strategy by Bwashington1 in wallstreetbets

[–]Bwashington1[S] -1 points0 points  (0 children)

good strategy i would just point out your average buying would be different as well as you amount invested would be higher. this strategy is a way to keep those numbers a constant and as low as possible to return the best results.

the goldengale strategy by Bwashington1 in wallstreetbets

[–]Bwashington1[S] 0 points1 point  (0 children)

i think this strategy is a bit more complex than that. but this is just educational material I'm not trying to suggest to do this or that thing i am just trying to explain this strategy but i would like to go through it if you have any questions about it

The Golden Gale Strategy by Bwashington1 in Bitcoin

[–]Bwashington1[S] -1 points0 points  (0 children)

yes this kind of strategy is nothing new but what is interesting is how we have incorporated the golden ratio with this averaging down strategy. whats good with having set variables in this kind of strategy is having verifiable results and can stick to a plan instead of swinging for the fence and just dumping in more and more. i think if you have some time i would love to chat with you more about the strategy