š° The Godfatherš” "Simplicity is what pays in trading, dad" š Founder of Caxton Associates
Hey, Kovner, that boss who broke it, tells us the truth: to avoid getting lost in the financial jungle, don't complicate things for nothing. Right now that the Asian markets are about to open and everything is busier than a tourist on the subway, this philosophy is just right. Simple and clear decisions help you not to screw up, which is essential at this time when world news is causing more trouble than a fan base at a superclassic.
Things in Asia š September 30, 2024, the Asian market is hotter than a Sunday roast. China, like Don Vito Corleone, launched an offer that can't be refused:
The Central Bank of China (PBOC) sent stimulus packages bigger than a Milanese on horseback. They lowered the money requirements that banks have to have and gave the stock market some dough. Like when the Godfather makes someone "an offer they can't refuse," but with money instead of threats.
Oil is cheaper than beer at happy hour. Brent Crude is around 70 dollars, more or less the price of a chorizo āāsandwich at La Bombonera. With the barrel this low, all the pieces of the energy market are moving.
Kovner would say that, with all this mess, the best thing is not to act crazy. As Don Vito said:
"Never let them know what you're thinking."
In trading it's the same: don't get carried away by the mambo. And as the Godfather would say: "A man who doesn't spend time with his family can never be a real man."
Well, the same with your money: if you don't pay attention, you're going to be left naked. So, the post is simple.
"Keep your allies close, but even closer to your discipline." Because discipline is the only thing that saves you from going to the trash.ā How are you going to avoid anyone sending you money at this spicy end of the month? $BTC $NEIRO
