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Trading Tidbits

News and general information and suggestions that will help traders

When Tesla’s CEO, Elon Musk ran a poll on Twitter for users to decide whether he should sell his stocks or not, he probably saw it as a way of including the world in his business dealings and being transparent, after claims by some Democrat lawmakers that billionaires are evading tax through unrealised gains. In...
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Buying stocks requires lots of careful consideration, or the entire activity wouldn’t be much different from gambling. Although the market may be volatile, with companies’ earnings getting affected by issues beyond their control (like the coronavirus pandemic and its aftermath), there are patterns in human behaviours and company operations that can guide you to make...
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I can only imagine how the Squid Game characters felt when they knew they had to kill or be killed to get the money. They must have felt cheated, like the entire game was a huge scam, except that it cost them their lives. This is exactly how people who bought the SQUID tokens must...
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At Xavier McAllister Capital, this has always been a dilemma. As a trading company, we are still of the opinion that rule-based trading is still the best approach and has underlined how we plan our strategies and trades. Simply said, If the criteria is met, the trade is taken. If not, we don’t then don’t...
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Facebook makes the decision to change its name to Meta. In an African language, – Meta stands for “3”. Facebook’s decisions stem from an idea to have Facebook, Instagram, and WhatsApp all come under one umbrella just like when Google decided to name its parent company Alphabet. Economically, due to how Meta is connected to...
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The Organization of the Petroleum Exporting Countries (OPEC) has a new policy agreement that has increased the number of barrels of oil its member countries and allies (OPEC+) can produce per day. So, what does this mean for oil exporters? In April 2020, OPEC+ approved an oil production cut by 10 million barrels per day...
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For many years, cryptocurrency has enjoyed investors’ approval because it is decentralized and unregulated by any government. It felt satisfying to be able to control an asset that was not subject to the whims of government policies and politics. But what has stood to be its major advantage for a long time has now also...
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Almost every day there are economic announcements for different countries. Typically, these take the form of important economic data like GDP or inflation and the ever volatile Non Farm Payrolls on the first friday of the month affecting USD pairs. It is important that we know when these take place and how important the announcement...
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