Kanye West’s YZY Token: 51,000 Traders lost $74 million, while 11 made $1 million.
Kanye West’s Memecoin Faces Major Losses Over 51,000 traders have suffered losses from Kanye West’s newly introduced Memecoin, underscoring the risks associated with trading tokens tied to celebrity endorsements that lack real technical utility. The Yzy Token, connected to Kanye West, debuted on the Solana blockchain on August 21. It skyrocketed by 1,400% in just […]
S&P 500 reaches all-time high; traders look to Nvidia results
S&P 500 Sets Record High as Nvidia Results Loom The S&P 500 achieved a record closing high on Wednesday, building anticipation ahead of Nvidia’s quarterly results—the significant event for Wall Street this week. Nvidia, recognized as the top provider of advanced AI processors and the most valuable company globally, experienced fluctuations in its stock after […]
Stock futures decline following Dow’s record finish, as traders anticipate Nvidia earnings this week: Live updates.
Ether ETF Marks First Week of Outflows Since May The Ether ETF observed a significant influx of $341 million during its second day, with Fidelity’s Feth Fund leading the charge. In contrast, the Bitcoin ETF registered its sixth straight day of net outflows, mainly from BlackRock’s notable IBIT funds, while some others experienced minimal inflows. […]
Bitcoin Traders Prepare for Jackson Hole. Implications of Powell’s Major Speech for Cryptocurrency.
Key takeout Bitcoin traders were offloading their assets ahead of Jerome Powell’s much-awaited speech on Friday at the Jackson Hole Economic Policy Symposium. Current Bitcoin options pricing indicates a pessimistic outlook across various time frames. Analysts suggest that Bitcoin’s long-term upward trend may still have some life left in it. As market anticipation builds, Bitcoin […]
Bitcoin Options Traders Divided Before Jackson Hole Meeting
Simply put Bitcoin traders appear divided, with approximately equal volumes of bullish and bearish trades. Market participants will be keen to gauge Federal Reserve Chair Jerome Powell’s tone, especially in the absence of clear decisions regarding interest rate cuts. Despite recent fluctuations, crypto’s bullish market structure remains promising over the long haul. Bitcoin traders find […]
DXY: US Dollar Looks for Guidance Around 98.00 as Forex Traders Prepare for Important Fed Week
Key Points: The US dollar experiences fluctuations in Forex trading. Minutes from a recent meeting will be released on Wednesday. Fed Chair Powell is set to speak on Friday. The US Central Bank will release minutes on Wednesday, and Powell is expected to make significant statements on Friday that could influence billions of dollars indirectly. […]
GBP/USD stays close to 1.3540 as traders look forward to the Ukraine-Russia outcome and Powell’s speech.
GBP/USD remains steady amid hopes for a ceasefire between Trump and Putin, offsetting a quiet economic calendar. Market awaits Powell’s speech at Jackson Hole, along with FOMC Minutes and US PMI data. The UK’s CPI is anticipated to be 3.7%, adding pressure on the BOE after a 25 bps cut in the last meeting. The […]
Solana’s SOL and XRP Fall 5% Due to Profit-Taking; Bitcoin Traders Observing Gold Divergence
Crypto Markets Steady as Traders Await Fed Decision As we head into Monday, the crypto market appears to be trading sideways. Bitcoin is hovering around $115,000, while ether has crossed the $4,200 mark. It’s a bit of a waiting game for traders, as they ponder over whether potential rate cuts from the Fed in September […]
EUR/GBP weakens below 0.8650 as traders prepare for US-Ukraine discussions
The EUR/GBP has dipped to nearly 0.8630 during early European trading on Monday. The UK’s economic growth slowed by 0.3% in the second quarter, but this decline was better than economists had predicted. Investors are paying close attention to the upcoming meeting between Trump and Zelensky later on Monday. The EUR/GBP is expected to trend […]
I’m a psychologist who advises day traders. Here’s why many struggle and what I recommend they do differently.
This discussion draws from insights shared by psychologist Andrew Meneker, a day trading coach based in San Francisco. The text has been edited for brevity and clarity. To begin with, I never intended to become a coach specializing in trading psychology. Actually, years back, my knowledge of the market was nearly non-existent—my college experience included […]