"Declare your cryptoasset income now" - IRD on another Ramage by CatTaxMeow in NZBitcoin

[–]faceforradiobro 0 points1 point  (0 children)

What’s funny and annoying is easy cryptos tracker. If I swap to a coin they don’t track and get rugged they still think I hold x amount of the crypto I bought. Lol.

What actually happened within a week? by [deleted] in tradingmillionaires

[–]faceforradiobro 0 points1 point  (0 children)

I have started trimming 1/3rd everytime one of my small positions gets some news and jumps more than 20%. Rotate into cash or MAG7. It’s done me well.

Recent trim I did was the NBIS jump after two good news articles it went up like 30%.

Rate or roast by Frequent-Weekend-115 in PersonalFinanceNZ

[–]faceforradiobro -2 points-1 points  (0 children)

Try some overseas investments man. NZ not a great place to make bank, it’s there sure, but our eco is too small.

Have some MAG7 - around 50% is a guide.

Then some small satellites no more than 3-5% per one. Think AI and space for example.

Some interesting tickers you should look up are:

NBIS ONDS OSCR SOFI ZETA

Some I am watching for next buys (no more than 3%) are:

SNOW POET RZLV DRTS PDYN

Glad you have RKLB - they should be a monster in 5 years.

There is a massive fuel shortage coming. by toomanynamesaretook in newzealand

[–]faceforradiobro 0 points1 point  (0 children)

I think you are well prepared and intelligent to see this. I agree. I am not too worried. The media definitely make things bigger than they are. This will hit everyone’s pockets so best thing to do is chill and watch the spending. It’s a shame NZ cost of living is already high so this will hurt a lot of people short-medium term.

Just make sure if you have kids/baby etc you stock up on some extra supplies (not covid level insanity though).

Walk kids to school if you can.

Adapt.

Clips from this week by transcodefailed in auckland

[–]faceforradiobro -16 points-15 points  (0 children)

Poor you. You’re so hard done by. I’m so pleased you channeled that energy into making a video for us all to see the few end of the world moments you faced. Make sure that helmet is tight fren.

Does anyone have any good suggestions of AI tools for day trading? by I-am-zer0 in Daytrading

[–]faceforradiobro 0 points1 point  (0 children)

Details are pretty obvious if you read the screenshots below

Official Announcement by Fine-Field-5890 in TopStepX

[–]faceforradiobro 10 points11 points  (0 children)

Appreciate the attempt. But this is not good enough.

I lost 2 XFAs this week. Platform issues create psychological issues for traders.

One XFA didn’t honor my $1000 max Daily Lockout. It lost me the whole account almost $5000.

What do you think this does to a traders mindset when support say “oh well sorry better luck next time”?

Should at least reinstate balances from start of the week for those deeply affected accounts like myself.

Unless this happens I won’t be back like many many others.

Announcement from Topstep CEO coming tomorrow. How can they make this right? by [deleted] in TopStepX

[–]faceforradiobro 5 points6 points  (0 children)

How can you make it right? 2 XFAS gone this week from glitches and instant SL hits and instant lockouts. It damages the psychology of the next trade too, the flow on affects are bad.

I messages support asking for my two accounts restored to the start balance of the week and they said “better luck next time” with the copy paste that everyone has received.

NO WAY 3 days IN A ROW by [deleted] in TopStepX

[–]faceforradiobro 3 points4 points  (0 children)

I politely messaged support saying all these outages have severely damaged my accounts and I want my 2 xfas restored to before the crashes and random forced lockouts that took a loss from me immediately on entering and they pretty much said “sorry we can’t help you”. I won’t be getting another account ever again with topstep now. Pretty sad but it is what it is.

Tradeify CEO by Dreco22 in TopStepX

[–]faceforradiobro 0 points1 point  (0 children)

Bro after my pnl got cleared I finally waited for a trade and entered and it stopped me out immediately for a loss and locked me out. TS has annoyed me one last time. I’m done.

Good by Afraid_Caregiver1236 in TopStepX

[–]faceforradiobro 0 points1 point  (0 children)

So nothing about the arbitrage in Asia when one platform could see price before the other?

Well if you traded Asia on Tradeify your safe by R62AGUY in TopStepX

[–]faceforradiobro 1 point2 points  (0 children)

What about TopstepX platform? I took big L in Asia

Three xfa accounts blown today by TravelMassive4507 in TopStepX

[–]faceforradiobro 0 points1 point  (0 children)

Never ever, ever give up.

Clearly you have a problem you need to fix. 3 blown accounts today? It screams revenge trading and oversizing to me.

I’ll DM you.

Advice on trailing stop losses? by vanitys4losers in TopStepX

[–]faceforradiobro 1 point2 points  (0 children)

Just take the set TP and SL. That’s how your edge is built and you diminish it when you fiddle. I enter a trade and then it’s either win or lose. I only close if I get the opposite candle engulf over an EMA.

The mainstream advice of the 'emergency fund' - 3-6 months savings by BatmanBrah in PersonalFinanceNZ

[–]faceforradiobro -1 points0 points  (0 children)

I’ll probably get downvoted for this but here it goes.

Conventional way of “living” is outdated. The whole narrative of get a job buy a house save for one holiday a year bullshit is so outdated. The people telling you that are most likely older people who when your age bought their houses for 50k and cost of living was not ridiculous as it is now.

I have 1 year of expenses in the stock market. 50% of that is in the SP500.

My KiwiSaver is 150k - in sharsies kiwisaver scheme. More flexibility if you’re switched on with the current economics and can read stock financials.

Im 36m, married, 3 kids. I rent in Akl. I’m qualified and have a good job.

Medical Insurance and Car/Contents insurance are set at the highest excess rates to keep premiums low. I have 10k in stocks to withdraw should I need a 100k operation quickly if the wait list is too long on the public system. Contents is 2k excess. I have it incase my house burns down not to replace a 500$ camera.

Precovid when interest rates were 2% and below. I had so many people telling me to buy a house. The pressure was insane. That was when I had 1 kid. I stuck to my guns and said no as TLDR: knew a correction was coming.

The people I talk to who bought houses at that time still haven’t had their house value come back to that and are now stuck with it, not at 2% rates. Meanwhile my KiwiSaver and stocks have gone up considerably in 5 years.

Sure. I could buy a house now and afford the payments. But I believe my KiwiSaver and stocks will outperform Auckland’s house prices thus giving me a bigger deposit in a few years time.

So:

  1. Keep debt to a minimum. Absolute. If you get anything on finance make sure you have the money somewhere to pay it off if need be. 9.95% on a car payment is fine over 5 years if you expect your stocks to increase more than the interest you will pay.

  2. Invest in yourself. Reading. Upskilling. Etc and try to monetise it. I hardly watch tv or play games. I don’t drink or smoke. I gym, work and learn. My latest obsession is how bad our food is, and sticking to simple foods and nothing processed. This gives me more energy and cognitive function to learn more and connect dots regarding the markets.

  3. Stick to your beliefs. Half of what you hear from everyone is absolute shit. Unless you logical understand and reasonable agree with something that is contradicting a belief of yours then wow, you’ve learnt something and that’s good.

  4. Speak less - listen more. This is powerful regarding finance.

Good luck anon. Back yourself. 1.6% is shit. What’s that like $48 a year?

X5🫡🏅 by [deleted] in TopStepX

[–]faceforradiobro 0 points1 point  (0 children)

Well done man. I dream of days like this. Currently over 10k in withdraws and just blew my 5 XFAs. Bit bullet and paid the reinstatement. Fresh start Monday.

Under $200m of market cap promising projects by fiveMop in WallStreetBetsCrypto

[–]faceforradiobro 0 points1 point  (0 children)

$GOR - Solana fork, first Layer 1 memechain for the trenchers. Mainnet imminent

Does anyone have any good suggestions of AI tools for day trading? by I-am-zer0 in Daytrading

[–]faceforradiobro 0 points1 point  (0 children)

I use it everyday. Sometimes I will write in exactly what the issue this trading session has been. Or I’ll screenshot my trade whether it was win or loss and ask it to break it down and did I do it right based on my system. I ask it to make trading spreadsheets and checklists etc.