Maybe they'll call this storm "Big Mike"

When the PPI data came out this morning, the first reaction of most of fintwit was drama. A key reason I listen to the opinion of zero traders. None. Consensus agreement is always wrong, the various bubbles have proved "smart money" is bullshit, and the efficient market

Keeps you alert to whether the daily is at cross purposes, and thus your trade won't go too far, or is onside.

The sky is once again re-scheduled to fall

Home security companies everywhere....

I have a general rule in life. Anytime I hear progressive slogans like "Coalition of the Willing", "We're All in this Together", "Build Back Better" or "Rules Based World Order"....no matter how many "leaders" are backing it.. I just know complete and utter bullshit will be

People now routinely outsource their critical thinking to something that gets most of its info from Reddit, Wikipedia and YouTube. What could go wrong...

Might as well ask "CNN, Is this true?" Pretty much the same.

On the longer time frames, you're often going in at size you would not be doing in a day trade. So you're always better off to measure twice and cut once as the saying goes.

Imagine that..

I'm old enough to remember "The science is settled"

If you followed us into this longer time frame Call move on SPY one of the things I noted to a few folks when it started is its likely to be ratty, and it has been Biggest predictors of that is having wilders intact on the daily on the opposite side, flat weekly, and

You can only fully appreciate what a painting portrays when you step back and take in the whole image. When you're too close to the canvas, all you see are brush strokes.

Some of my favorite musicians in town next month. Will be there for both. Whatever it is you enjoy, take the time. There's more to life than charts and the screen.

Dating advice...

This is true. I've talked about how confidence capital is more important as a trader than financial capital Its universal as I have someone close to me, not a trader, dealing with the same issues. If that's you too, start with guardrails. Close off as many routes as possible

Be thoughtful about those guardrails. Ex. If you over-trade, its common advice to "limit to 1 to 2 trades a day" That's like saying "I'd like to lose weight" Those 1 or 2 trades, won't help you if they are still both wrong (the root cause of what's driving your overtrading)

But the experts assured me the sky was falling..