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🦖 Mo Trades = Mo Money?

🦖 Mo Trades = Mo Money?

Is technical analysis just a modern astrology?

Jordon Mellor
April 30, 2025

Good Morning. We hit a great discussion topic on the $100k funding vs $20k cash yesterday. Although reading through it looks like most of you prefer the $20K cash, apart from one (Alisha, looking at you.) Alisha, decided she would prefer $2 million in cash instead… I can’t fault her… I think we all would.

-Jordon Mellor, Jonathan Kibbler, Patrick Lewis

QUESTION

Is technical analysis just a modern astrology, or is it a legitimate edge in the markets?

Reply to this email with your answer

MARKETS

How’s your favorite today?

Prices supplied by Google Finance as of 5:00am ET - stock prices as of close.

Global markets were upbeat in the past 24 hours. U.S. and European stocks climbed, tech led the gains, and volatility dropped. Asia was mostly steady, oil and gold slipped, and even Bitcoin caught a wave upward. Investors ended the day in a good mood.

TRADER INSIGHTS

“If You Aren’t Trading, You Are Falling Behind”

“If You’re Not Trading, You’re Falling Behind,” yeah, about that... Let’s cool it with the FOMO-fueled marathon trades. Every time you open Twitter (I refuse to call it X, fight me), it’s wall-to-wall bragging about how folks flipped coins or stocks and now they’re rich.

Feels like everyone else has their finger on the buy button and you’re just sitting there… right? Social media is just a big, noisy highlight reel. No one posts their ugly losses or those “I bought high, panicked, and sold low” moments. Hollywood doesn’t help either. All those sweaty traders on screen look cool, but that’s not real life.

Constant trading usually means more fees, dumb mistakes, and running yourself ragged. Some “mentors” even push you to trade more, just to line their pockets with juicy commissions. You know who actually wins? The people who wait, think, pick their spots, and ignore the noise. Most top investors move slow and steady. So, breathe. You’re not falling behind. Patience wins, ask your bank account. -JM

NEWS

The Ticker Tape

🏭 China’s factories just got whacked by Trump’s tariffs. PMI crashed to 49, fastest drop in 16 months. Export hopes are Toast. Beijing’s scrambling for fixes, but Wall Street’s yawning. Growth targets might want to ask a magic eight ball. -Reuters

🦘 Alabama had a full-on kangaroo emergency. Yeah, you read that right. Sheila the kangaroo ditched her home and bounced down I-85, bringing traffic to a standstill. Cops and her owner finally caught her (after a little dart magic), and the whole wild scene ended with a dazed marsupial and a lot of “What the heck just happened?” Welcome to Alabama, folks. -APNews

⛰️ A 27-year-old student got rescued off Mount Fuji (twice) in just four days. First, he called for help after altitude sickness during the off-season (when, let’s be real, nobody should be up there anyway). Did he stay away? Nope! He hiked back to grab his phone and got stuck again. Cue social media outrage. Cops say: respect the mountain, folks. Snow’s no joke, even in spring. -SkyNews

CRYTPO

After The BTC Halving, Things Just Feel... Different

Something’s off with Bitcoin this time around. Yeah, we got a new ATH (shoutout to $95k) but where’s the wild party? After past halvings, BTC used to rip 3x, 4x, sometimes way more. Now it is just a “meh” 49% bump. Feels like showing up for a rave and finding a business lunch.

We have decided to blame sky-high interest rates (thanks, Fed 🥲), trade war headlines, and a fresh batch of ETFs turning Bitcoin from casino token to “respectable asset.” I feel bad for the miners, they are sweating the most, halved rewards, nasty energy bills, and some bailing for AI side hustles just to pay the rent.

Don’t ditch your coins yet, my friend. BTC’s biggest pumps usually show up 12-18 months after halving, and real gains might still be loading. The market’s just growing up, less moon, more boomer. No more random 10x altcoin nonsense, but hey, maybe that’s a good thing. -PL

ANALYSIS

Time to buy EUR/GBP?

Alright, EUR/GBP fans, let’s skip the fluff and get to it. The UK economy is in limbo right now, higher taxes, lower spending, and the Bank of England seems nervous about cutting rates. Inflation is still high, and most people have less money to spend. Hedge funds are already selling GBP like it’s the last toast at brunch. UK PMI numbers are the worst since 2020, but retail sales have managed a surprise jump.

GBP isn’t sinking yet, but there are signs of weakness. The USD is doing its own thing, so let’s turn to the Euro. EUR/GBP keeps its uptrend on the weekly chart. Price just tapped the 0.8450 zone, which could be a spot for a bounce.

I’m watching for the daily chart to show some direction. If price clears the trend line resistance, I might get involved. If it drops below 0.8450, I’m stepping back.

This is just one view. Protect your risk, choose your entries carefully, and don’t let the market fool you. -JK

GAMES

Trading Riddle

❝

I rise when fear floods the street,
I fall when greed takes its seat.
Though I’m not a stock, I still trade each day,
A gauge of emotion, in markets I sway.
What am I?

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