The Public Blog site

FREE: CHARTWIZARDS REPORT #64 (SAMPLE)

/by

Greetings, fellow Chart Wizards, future pros, wanna-be’s, and the chart curious,

I’m thankful to call Peter Brandt my friend, but seeing as he’s one of the greatest market tacticians of all time, I’m still humbled and honored when he gives me a compliment like this one:

Markets are changing fast, and I wanted to share some FREE alpha with Peter’s readers and Factor members:

What You’ll Find in My Reports

My reports aim to distill the most important market-moving news and highlight both new and existing trade setups in a simple, quick, and easy-to-digest format. Most importantly, everything is framed through the lens of risk management, with a focus on practical, tactical trading.

In short, this is my monthly trading journal. It’s never financial advice (I’m wrong a lot). Do your own research (DYOR) before investing capital.

Enjoy this FREE SAMPLE of Chart WizardsNFT Report #64.

Note: some full pages and select charts have been removed due to their proprietary nature.

 

ChartWizardsNFT Report #64 – May 5, 2025

What I’m Watching:

Here is a compelling conversation from Dr. Eric Schmidt, former Google CEO, on the intersection of artificial intelligence, biotechnology, and national security.

According to Schmidt AI is “underhyped“. He says it is no longer just advancing computer science and automation, but also reshaping fields like biophysics and materials science. This remark jumped out at me: “The computers are now doing self-improvement… They don’t have to listen to us anymore.”

🔹 Geopolitics, Interest Rates & AI Money 🔹

As markets digest the first U.S. GDP contraction since 2022, a shifting global order is becoming undeniable. A joint U.S.-Ukraine minerals fund, record-breaking container cancellations from China, and rising tariff-driven inflation suggest structural decoupling is no longer just a tail risk – it’s base case.

Fed Chair Powell acknowledged stagflationary pressures and trimmed balance sheet runoff, while Bitcoin dominance and gold prices surged as investors brace for a liquidity pivot.

Meanwhile, OpenAI secured $40B, led by SoftBank, with Trump administration support—marking the largest private tech raise in history. What happens next depends on the Fed, tariffs, and investor resilience.

FactSet: In aggregate, companies are reporting earnings that are 10.0% above estimates, which is above the 5-year average of 8.8% and above the 10-year average of 6.9%.

Torsten Slok at Apollo poured cold water on hopes of getting trade deals done in a timely manner.

🔹 FX 🔹

The U.S. dollar’s global share of global FX reserves has dropped from 72% in 2000 to 58% today. The USD is still dominant, contributing to about 50% of global transactions; however, investors are diversifying away from USD exposure amid rising tariffs and political volatility. In contrast, EURUSD broke out of its multi-month base as Eurozone GDP surprised to the upside while U.S. growth turned negative. The dollar’s relative strength narrative is cracking under the weight of structural trade shifts, fiscal imbalances, and softer Fed guidance. Expect continued capital flows into alternatives as BRICS currencies and gold gain reserve share.

Image

Image

see original eur/usd trade post here

🔹 Crypto Update🔹

Bitcoin Now Positive YTD, Reclaims Key Level as Institutional Demand Surges
Bitcoin jumped to $94.7k following optimism around tariff de-escalation between the U.S. and China, reclaiming the Short-Term Holder (STH) Average Cost Basis of $92.9k – a critical on-chain pivot historically separating bearish corrections from bullish recoveries.

Institutions Choose Bitcoin Over Ethereum
U.S. spot Bitcoin ETFs saw a record $1.54B in net inflows on April 22, dwarfing Ethereum ETF flows, which remain below 1% of spot volume. This reflects a widening institutional preference for BTC, reinforced by macro uncertainty and clear digital gold narratives. For Bitcoin, reclaiming and holding the STH-Cost Basis is pivotal. If this level holds, it could mark the transition to a sustained bullish regime. If not, recent gains risk being another dead cat bounce in a still-fragile macro backdrop.

  • $IBIT is a good proxy for charting BTC too (I remain long).

full report below

-JK

SAMPLE_May 5 2025 CWNFT 64_JK

ChartWizards Report #64 was released earlier this week for subscribers. If you’re interested in receiving at least one report straight to your inbox for less than $20/month, sign up here: https://www.peterlbrandt.com/chart-wizards/  

March Madness 😡

/by

🔹 What I’m Watching, Reading & Listening To 🔹

  • Surviving Black Hawk Down (documentary) on Netflix
    • Not just another war documentary— this is a raw, unfiltered, deeply human examination of one of the most infamous battles in US military history. What makes this series groundbreaking is its commitment to telling both sides of the story. For the first time in a major documentary, we hear from both the American Delta Force operators and Rangers who fought for survival and also from the Somali fighters and civilians who lived through the chaos.
  • Principles for Dealing with the Changing World Order by Ray Dalio

    • Dalio again showcases his ability to break down complex ideas into clear, digestible insights. In this 40-minute summary of his latest book, he explains how studying history provides a framework for understanding the future, recounts being on the stock market floor the day after President Nixon took the U.S. off the gold standard, and discusses how growing gaps in incomes and values is reshaping society in today's world resembling the period from 1930 - 1945.

https://www.youtube.com/watch?v=xguam0TKMw8 Dalio's Bridgewater Fund (+$200 Billion AUM) just partnered with StateStreet Advisors to launch the AllWeather ETF ($ALLW) to replicate the strategies and positions of the famous hedge fund. AllWeather is arguably the most well-known example of risk parity, an investment approach that allocates to different assets based on their levels of volatility. Rather than pile predominantly into a riskier asset class like stocks to get big returns, the idea is to achieve similar results with a more diversified, safer portfolio, often combined with leverage.
  • Disclosures in early March 2025 showed a bet against Australian stocks and bonds.

🔹 Geopolitics, Tariffs & Market Volatility 🔹

Russian President Vladimir Putin, wearing military fatigues, stated that Russia needs more clarifications before agreeing to a 30-day ceasefire with Ukraine, which was endorsed by the U.S. and Ukraine earlier this week.  Putin took a less hard-line approach than his foreign policy adviser, Yuri Ushakov, who dismissed the terms of the ceasefire as a mere "breather" for Ukrainian troops to regather strength. Putin with paper Ushakov reiterated these demands: Ukraine must recognize Russia's annexation of Crimea and four southeastern regions, withdraw troops from lands claimed by Russia and pledge never to join NATO. He said he "hopes [the United States] knows our position and wants to believe that they will take it into account as we work together going forward." The U.S. restored military aid to Ukraine after ceasefire talks this week in Saudi Arabia.

What’s Next? Negotiations in Moscow happening now between Putin and U.S. envoy Steve Witkoff could determine whether Russia agrees to a ceasefire or requires further concessions before halting hostilities (I think we already know the answer to that).

🔹 Inflation, Labor Market & Fed Outlook 🔹

This week we got inflation and labor market data. Next week we get an FOMC meeting with a press conference and interest rate decision (NO CHANGE EXPECTED). “February’s CPI report flags weakening consumer demand for discretionary items, echoing the pullback in spending evident in other data. But disinflation in certain goods that are highly exposed to tariffs – cars, home furnishings, apparels – has stalled." - Bloomberg Economics
  • The Truflation U.S. Inflation Index dropped to 1.35%, marking a continued decline from February’s 2%+ level (see below)
  • Bloomberg reports Walmart asked Chinese suppliers to lower prices, aiming to absorb the new tariff burden at the supplier level rather than passing it on to consumers. Good luck.

Truflation

Following Wednesday's slower-than-expected rise in consumer prices (CPI), on Thursday it was confirmed that input costs for producers fell more than expected, too. The increase in food prices, mostly due to increases in the price of chicken and eggs, was offset by lower gas prices and prices for automobile parts and machinery (Bloomberg). 

Interest rates

US Federal Reserve chairman, Jerome Powell, signaled that the Fed will take a wait and see approach regarding the impact of the Trump admin tariffs before making definitive decisions on monetary policy. The Fed is now expected to cut interest rates three times in 2025, beginning in June 2025.
  • Barclay's expects just two rate cuts, specifically in June and September on labor market weakness.
The European Central Bank did not disappoint, cutting rates for the 6th time in a row. Monetary policy is becoming meaningfully less restrictive, as the interest rate cuts are making new borrowing less expensive for firms and households and loan growth is picking up. The Euro/USD fx cross quickly reached the minimum target implied by the Ascending Triangle bottom pattern (reversal).

Days before, taken from Chart Wizards Report #62 and X post.

🔹 Commodities: Trends & Trade Setups 🔹

Oil Market Update: Optimism vs. Reality 

Houston’s annual oil and gas conference was buzzing with optimism under a pro-fossil fuel Trump administration, but major oil traders, including Vitol and Gunvor, are beginning to turn cautious on crude prices. Welcome to the dark side.

Vitol and Gunvor don't expect an oil price crash, but instead a slow grind lower as supply outpaces demand. OPEC+ is ramping up production, U.S. output remains steady (though slower than before), and South American supply is growing—all adding downward pressure on prices.

crude oil futures (continuous) $/bbl

 
🪙StoneX broker talks physical gold shortage 🪙
One of the best multi-chart pattern breakouts and trend continuations I've ever seen.

Gold futures $/oz

  • London vs. New York Gold Markets:

    • London operates as an OTC (over-the-counter) physical gold market where traders hold physical inventory.
    • New York is a futures-driven market where traders hedge their physical holdings by selling equivalent futures contracts.

  • Recent Developments:

    • A significant volume of gold (~2000 tons) has been shifting from London to New York, causing logistical constraints.
    • Flights across the Atlantic were fully booked due to gold shipments.
    • Refineries (especially in Switzerland, Singapore, and the US) are backlogged for 6+ weeks due to demand for converting 400-ounce London Good Delivery bars into smaller 100-ounce or kilo bars required for COMEX delivery.

  • Market Impact:

    • The heavy movement of gold has created a short-term supply squeeze in London.
    • The gold futures market in New York is seeing increased demand for physical delivery.
    • Traders are stockpiling physical gold in anticipation of possible tariffs (though gold, as a monetary asset, is unlikely to be targeted).

  • Price Structure Shift:

    • The London gold market, typically in contango (where future prices are higher than spot), has flipped into backwardation (where spot prices are higher), indicating short-term supply tightness.

  • Risk Management & Strategy:

    • Traders are securing inventory in New York to mitigate risk.
    • The geopolitical environment (e.g., Trump administration’s policies) adds uncertainty, prompting preemptive moves by market participants.
US refinery companies with potential trade setups: Royal Gold (RGLD) confirmed a breakout of a multi-year continuation pattern. Freeport-McMoRan (FCX) may soon complete a falling wedge continuation pattern. The former is much stronger.   https://www.youtube.com/watch?v=jvxQJBQidy4&t=1s

Silver Related Stocks Show Promise

First Majestic Silver Corp - $AG (NYSE) - Five point reversal triangle potential that breaks out above $8.00. I've had my eyes on this chart for a few weeks now and will buy the breakout - if and when. Check out this symmetrical triangle in $DBB - Invesco Base Metals ETF. Diagonal boundaries are not ideal. See previous Peter Brandt posts on horizontal vs. diagonal boundaries.   🔹 Other Strong Commodities Trends 🔹 Cattle & Coffee - new all-time highs for both in recent weeks, and both look to continue the upward momentum on rising costs and worsening supply.

🔹 Stocks & Crypto: Market Movers & Setups 🔹

The S&P500 is down more than 10% from its all-time high seen just last month.
  • Costco is down 15% from its 2025 high.
  • SOFI is down 40% (we took profits at target). 
  • Tesla is down 50%. (we took profits at target). 
  • Apple is down 18%  (stopped out).
  • Amazon is down 21%.
For astute investors, long-term investors, and students of history, we're in the midst of what is likely a generational buying opportunity. In times like this, I look to my friend Peter for wisdom. Peter has traded actively through FIVE DECADES🐐 . I have a simple approach when it comes to my long-term portfolio: And on that note, let's get back to the  charts. Relative strength is a great way to discover alpha during broad market corrections, and I'm looking at several stock charts for new positions. I am flat most of these today but have alerts and orders resting in the system.

... To be continued for Chart Wizards subscribers...

Read More

[FREE PREVIEW] ChartWizards Report #62

/by

🚀 Free Preview: Q1 2025 Review & Outlook Report (#62) 🚀

Exclusive insights from ChartWizardsNFT, released March 3, 2025, for Peter Brandt’s subscribers.

📉 Markets are shifting fast. Are you prepared? 📈

💡 Subscribe today for less than $20/month and gain full access to monthly macro & tactical trading reports.

🔗 Join now → HERE.

PREVIEW_CW62_Q12025_JK

 

Chart Wizards Report #59 November 15, 2024

/by

Greetings All,

I mistakenly posted my latest market report, which was intended exclusively for paid subscribers, on the public blog. Consider this a gift. If you find the report valuable, I invite you to support my work by subscribing to Chart Wizards’ Actual Alpha reports here:

https://www.peterlbrandt.com/chart-wizards/#section-subscribe

 

Chart Wizards Report #59

Report #59 reviews my YTD performance. Every trade discussed here has been shared with you.

 

Crypto Front & Center

  • Bitcoin: Broke above $90,000, just shy of $100K. My next target is…
  • Solana: Now trading above $200, up from $20 in 2023 = 10x. Continues to outperform ETH

Tactical Moves

  • Locked in profits on  [BTC, SOL], $GOOGL, $TSLA, $VRT, $PLTR, $SOFI
  • Initiated a bold short position in Kellogg

Key Macro Themes

  • Fed rate cuts (50bps Sept, 25bps Nov + 25bps coming in Dec)
  • Pro-crypto/less regulation policy to boost BTC

This report dives deeper into emerging setups across crypto, equities and commodities, from the latest moves in gold, coffee, and crude oil to high-conviction plays in crypto and tech stocks.

Markets move fast. We’ve got you covered.

Safe trading,

JK

ChartWizards59_November2024_byJK

Sweet, Sweet, Sugar

/by

In the battle between bulls (buyers) and bears (sellers), both the falling wedge and bull flag are continuation patterns signaling a continuation of upward trends.

  1. Falling Wedge: This pattern usually forms after a strong rally, but bulls are temporarily pushed back by bears, creating a waning series of lower highs and lower lows within a narrowing downward channel. Most falling wedges are formed between 3 weeks to a few months, so I am breaking that rule here. When price rises above the upper trendline, it signals that bulls are regrouped and ready to resume the uptrend​​. The target of a breakout of a falling wedge pattern is the previous high of the wedge. In this case, the high is28.00 cents/lb of Sugar #11.

    bullish falling wedge continuation pattern

  2. Bull Flag: Also often found after a strong upward move (the “flagpole”), bulls consolidate in a tight, downward or sideways channel, creating a price chart resembling a “flag.” This brief pause shows bulls consolidating gains, not surrendering. A breakout above the flag confirms bulls’ renewed strength, ready to push higher and continue the prior uptrend​​. The target for a flag pattern is found by applying the distance of the “flagpole” to the breakout point. So, for a flag, the formula is:

Target Price = Breakout Price + Flagpole Height

bull flag pattern

It is worth mentioning that the flag is a launching pattern for the bigger falling wedge. This means that the setup creates an asymmetric risk/reward opportunity by establishing a position where potential upside significantly outweighs downside risk. Here’s how it works:

  1. Defined Risk: In these patterns, traders can place a stop-loss just below the consolidation area (the flag or wedge), capping the downside risk to a small, controlled amount if the pattern fails. For instance, if a bull flag fails and price dips below the flag’s lower boundary, it signals that the breakout setup is invalid, allowing traders to exit quickly. Call it a 1 penny stop down to 21.00.
  2. High Reward Potential: The breakout from these launching patterns often leads to a rapid price move that can target the length of the initial rally or more. This gives traders a clear profit target that is often several times the stop-loss amount, creating a high reward-to-risk ratio. For example, the wedge projects a move to 28.00, or 6 cents.

That is a 6:1 setup — almost double what I normally search for.

Bull flag on a “flagpole”

There’s a time and place for greed, and win or loss — this is one of the best type of bets to make in my trading system.

Track all markets on TradingView

I would risk up to 1.00% of my trading capital on this trade. A little can go a long ways.

Speaking of launching patterns…

… IF the flag is a flag, and if the wedge is a wedge,

can the result complete a double bottom?

Double Bottoms are rare, and often mislabeled, but when they work, they are powerful signals.

Samsara ($IOT) one of the Chart Wizards favorite picks of 2023/24 shown below completed a double bottom in April 2023.

Wedge, flags, (continuation patterns) and double bottoms (a reversal pattern) are defined in detail in Edwards and Magee’s classic work, Technical Analysis of Stock Trends. I’ve annotated the entire textbook for Peter Brandt’s readers — here.

 

Click HERE and improve your trading for $149/yr.

  • 1-2 monthly reports covering macro, commodities, stocks, and crypto
  • Real-time signals and alerts on X and for ChartWizardsNFT members in Discord
  • Actionable, tactical trading tips with accountability and transparency
  • Lock in your membership before prices go up!!!!
**THIS DOES NOT INCLUDE A MEMBERSHIP TO FACTOR. I AM THE AUTHOR OF CHART WIZARDS REPORTS.**

Chart Wizards Reports: https://www.peterlbrandt.com/chart-wizards-reports/

 

Thanks for reading,

Jonathon King

#jk

Twitter (X) | Youtube

ChartWizardsNFT Sample Report – September 2024

/by

July 25th we announce the launch of the ChartWizardsNFT™ monthly macro letter as a standalone service, available to everyone. Please take a moment to review the following pages for a preview of Jonathon’s most recent newsletter.

Subscribe by clicking here 

 

ChartWizards Offering
 SAMPLE_september2024byJK

So you want to be a full time trader? Good luck with that one!

/by

Here is what Chat GPT says about your chances?

Statistics on the profitability of retail traders in stocks, commodity futures, and forex markets are both revealing and cautionary. They generally show that the majority of retail traders do not achieve consistent profitability, and only a small percentage become profitable enough to sustain themselves, let alone make a career out of it. Here are some key statistics from various studies and reports:

1. Stock Trading

  • Profitability: A study by the University of California, Davis, found that around 80% of day traders lose money over the course of a year, and only 1% are consistently profitable over time.
  • Career Viability: For those aiming to make a career out of it, the odds are even steeper. A smaller percentage, possibly less than 1%, are profitable enough to support themselves solely through trading.

2. Forex Trading

  • Profitability: Various broker studies, such as those by the European Securities and Markets Authority (ESMA), indicate that 70-80% of retail forex traders lose money. Some estimates suggest that only about 10-15% are able to break even or be slightly profitable.
  • Career Viability: The percentage of traders who are profitable enough to sustain themselves is estimated to be well below 1%. Many profitable forex traders supplement their income with other activities.

3. Commodity Futures Trading

  • Profitability: Commodity futures trading is similarly challenging. Studies and reports have shown that about 90% of futures traders lose money. A small group, typically less than 10%, may become profitable over time.
  • Career Viability: Similar to other markets, the percentage of futures traders who can consistently support themselves and make a career out of trading is likely under 1%.

4. General Retail Trading (All Markets)

  • Profitability: According to a report by the U.S. Securities and Exchange Commission (SEC), about 70-80% of retail traders lose money overall.
  • Career Viability: The number of retail traders who achieve sufficient profitability to make a living is estimated to be less than 1%.

Summary

  • Most traders (70-90%) lose money.
  • A small percentage (10-30%) might break even or make modest profits.
  • Only about 1% or less of traders are profitable enough to sustain themselves through trading alone.

******************************************************************************************************************************

The U.K requires retail foreign exchange brokers to report on the success rate of their clients. Please provide the most recent findings from these reports, perhaps broken down by the individual brokers.

In the UK, the Financial Conduct Authority (FCA) mandates that retail forex brokers disclose the percentage of their clients who are profitable versus those who lose money. The most recent data from 2024 indicates that a significant majority of retail forex traders do not achieve profitability.

Here’s a breakdown of some of the key figures reported by major FCA-regulated brokers:

  1. IG Group: About 70% of retail investor accounts lose money when trading CFDs (Contracts for Difference) with this provider.
  2. City Index: Approximately 69% of retail clients lose money trading CFDs with this broker.
  3. eToro: Around 70% of retail investor accounts lose money when trading CFDs on the platform.
  4. Plus500: A high percentage, 79.90% of retail investors lose money when trading CFDs with Plus500.
  5. FXTM: The data shows that between 74-89% of retail clients lose money trading with this broker.

These numbers demonstrate that while a small percentage of traders may be profitable, the vast majority incur losses. This trend is consistent across different brokers, highlighting the inherent risks in retail forex trading​ 

These statistics highlight the significant challenges of trading, especially for those who wish to make it a full-time career. Successful trading requires not only a solid strategy and discipline but also a deep understanding of the markets and the ability to manage risk effectively.

*************************************************************************************************************

My Perspective

The data herein completely reflect my observations over the past 50 years as a career futures market speculator. I do not attribute my success as a futures market speculator to such things as:

  • Natural abilities
  • Knowledge
  • Intelligence
  • Knowing the right people

Rather, I attribute the longevity of my career to the following things:

  • I entered futures trading at the right time — at the very start of the commodity market price booms.
  • As a trader, I was willing to learn from my mistakes and put my ego aside
  • Several CBOT members took a liking in me and provided me with wisdom I might not ever have attained
  • I am SUPER risk adverse. There are old traders and there are bold traders — I do not know any OLD BOLD traders
  • My goal from the onset was to earn a living by trading — not to become super wealthy. So, I evolved in a manner that avoided the type of BIG bet that often ends trading careers
  • Throughout life I have been a problem solver

So, this post is the narrative of how so many aspiring traders fail. But, what are the features of those who succeed? While there is no guarantee of success, the following traits/characteristics are just some of the essentials:

  • Understanding it takes four or so years just to get the scent of how to properly trade
  • Learning to be a good loser before becoming a moderate successful trader
  • Discovering (usually after many mistakes and false starts) an approach or method that cuts losses quickly and allows small winners to become large winners
  • Patience and discipline
  • Ability to overcome emotional self-sabotage
  • Realistic assumptions about what success is in trading (and it is not generating 10X every year)
  • Ability for self-forgiveness
  • Finding the fine edge between boldness and risk aversion

Active market speculation is NOT for the vast overwhelming proportion of people. My advice to most people is to place their assets into a combination of real estate with cash flow, SPY-etf and QQQ-etf. Depending upon one’s age and risk tolerance, an allocation to Bitcoin is also advised.

One final comment: I am a believer in Inverted Thinking. Elon Musk is a huge inverted thinker. What does this mean? For me it means to focus more on avoiding the worst things that could happen than on the best things that could happen — to first address those behaviors and actions that get me into trouble.

It is not my intent for this post to discourage you from trading. Rather, I believe that understanding the realities of market speculation is a prerequisite for eventual success.

To know more about me as a futures market speculator, watch this You Tube video of the interview between Raoul Pal, founder of Real Vision, and myself.

 

By the way, here is how Grok replied to the same question:

  • Profitable Traders: A small percentage of traders, possibly around 20% or less based on one platform’s data, are profitable. However, this doesn’t specify if this profit is enough to live off.
  • Unprofitable Traders: The majority, likely significantly more than 50%, either break even or lose money over time.
  • Career Traders: The percentage of traders who can make trading their career by being consistently profitable enough to support themselves is likely very small, possibly less than 5%, considering the skills, discipline, and psychological fortitude required.
Remember, these figures are inferred from general trading statistics and sentiments shared on platforms like X, not from direct, comprehensive studies on all forms of trading. The actual numbers might vary based on different methodologies, platforms, and definitions of “profitable.”

###

A follow-up regarding my attack on the “we-fund-you” prop industry

/by

The industry has a legitimate role to play — it is just not playing this role with integrity

I have very directly confronted the “we-fund-you” prop trading industry. For more background, see this blog post. https://www.peterlbrandt.com/the-we-fund-you-prop-trading-industry-should-be-immediately-shut-down/

The problem is not the concept of customers paying a small monthly fee to paper trade with the hope of being in a super minority qualifying for a big payout by beating the game according to the of trading the price change of futures contracts as set by the prop firms.

For many under-capitalized wannabe traders this should be an alternative.

Rather, my problem is the slime attached to the industry, such as:

  • Trading rules optimized for clients to lose money
  • Constantly changing rules for payouts
  • Lack of registration — IMO these are gaming companies and need to register with state gaming commissions in addition to registration with the CFTC. Why the CFTC? Because customers lose or make money by placing bets on the price changes of regulated futures contracts.
  • Lack of transparency
  • Lack of honesty in advertising and promotional messages. For example, most of the U.S. based firms hype the possibility of successful paper trading clients becoming eligible to trade real money in real markets. But this is basically a fraudulent idea (with perhaps one exception).
  • The Prop firm affiliate programs and accompanied You Tube hype of social influencers/clients claiming huge trading profits when in fact, there is no actual trading taking place

Let the industry clean up its act and be subject to registration and regulation.

End

 

 

Looking for success in all the wrong places. This is the description of 95% of those wanting to be full-time traders.

/by

Sorry novice traders, but there is no magic sauce or quick fix on the way to a career as a full-time trader

Novice and wannabe traders believe that successful market speculation is all about knowing where markets are headed or about having a secret formula or about skill or about finding that one “killer” trade or about finding a guru to follow.

After 50 years as a career trader I refute these ideas.

Successful market speculation is about surviving challenging periods with trading capital still intact until a trader stumbles into luck with a few trades. This can take years.
This, then, is the starting point of a career.
Then success is maintained and advanced by figuring out and exploiting small advantages that compound over time.
So, this is the formula that produces most of the career traders I know:

Learning to lose on trades while still preserving capital…

Plus…

Getting lucky with a few trades almost by accident…

Then…

Figuring out a small edge that can be compounded over time.

There is no quick fix. No instant success. No 10X after 10X years. The tombstones in the “failed traders” graveyard are filled with those thought they could outsmart the markets. This is not to say there are not a selected few (perhaps 1%) who make it this way — but this too is the result of luck.
Over the years on social media I have been exposed to hundreds of “one-year wonders” who claim to have all the answers. One-by-one they disappear. Gone to never again been heard from. Although some return again and again with a new gimmick for those suckers also looking for easy answers.

Believe me or not at your own risk.

###

Join The Exclusive Macro Trading Community With Factor’s Own Jonathon King

/by

Dear Traders,

In February 2023, we launched the PeterLBrandt NFT via @ChartWizardsNFT as both a Discord community and a comprehensive research service. Since then, we have witnessed remarkable growth and engagement, thanks to the outstanding contributions of our very own Jonathon King (JK) (@jonbking – see bio below). While the full NFT service will not be reopening, we believe the quality of Jonathon’s monthly research report is too valuable to remain limited to NFT holders alone.

Starting July 25th, we are thrilled to announce the launch of the ChartWizardsNFT™ monthly macro letter as a standalone service, available to everyone.

Launch Details

  • Launch Date: July 25th
  • Price: $149 annually, recurring

CLICK HERE to subscribe $149 annually (recurring)

Why Subscribe to Jonathon King’s Research Service?

Endorsed enthusiastically by Peter Brandt: Peter Brandt, a legendary trader known for his expertise in classical charting principles and his successful trading career, has given his full endorsement to Jonathon King’s research service. Peter’s insights and methods have shaped the trading world for decades, and his support underscores the exceptional quality of Jonathon’s work. Jonathon is an invaluable team member, with my complete confidence as an analyst, trader, and trusted friend.

Comprehensive Market Coverage: Jonathon’s monthly research letter delves into a range of markets including crypto, altcoins, global macro trends, and more. His analysis is rooted in over a decade of trading futures and options, making his insights invaluable for both novice and experienced traders.

Risk Management and Transparency: Jonathon emphasizes transparency and accountability, offering in-depth charting and risk management strategies to improve your trading performance. His reports are not just about market predictions; they are a resource to understand the underlying mechanics of market movements and to manage risks effectively.

Preview Report #53: Please enjoy Report #53 attached. It showcases Jonathon’s detailed analysis and actionable insights. This report alone is a testament to the quality and depth of information you can expect each month.

About Jonathon King

Jonathon King is a seasoned professional in trading and risk management. His impressive background includes roles such as VP of Trading and Risk Management and Head of Discretionary Trading at a family office. He has hands-on experience trading physical commodities, having established the Tanzania coffee export operation for Westrock Coffee International. Jonathon holds a B.A. in Political Science from the University of Colorado and has studied International Business and Mandarin Chinese at the City University of Hong Kong.

Since founding ChartWizardsNFT in February 2023 with Peter Brandt, Jonathon has been producing monthly market reports, weekly special situation reports, and hosting daily discussions on stocks, crypto, and FX markets. His commitment to transparency and accountability shines through in every report, providing you with the insights needed to make informed trading decisions.

Warm regards,

Peter Brandt

 

CLICK HERE to subscribe $149 annually (recurring)

 

CWNFT Actual Alpha Report 53