Arete Sunday Newsletter

You are either Quick or Dead. 🏃‍♂️💨☠️

This stock market tape is unforgiving. There are two kinds of traders right now. The quick or the dead. They are easy to spot. The quick are executing trades and taking what the market is giving them. They are fast to not only have a plan and process but keep it in place. The quick use their emotions to move them into action and being proactive. It’s not that they do not feel. It’s that they linked that emotion of loss to pain and that gain to pleasure. They want to feel one. Not the other. The dead are holding onto trades hoping and wishing they go back to where they bought. Some are holding stocks thinking they will go back to old highs. They have no process or plan. They have linked the emotion of pain to selling at a loss. The exact opposite of the quick. Make a decision which one you want to be. The market does not care but your PNL will. A choppy environment can do more damage to a portfolio than a bear market. Remember that. You will notice we have gotten stopped out of $SOXL and $TQQQ both with a small profit. It is not that I think these moves are over. If we trade sideways for a bit, 3X ETFs will deteriorate faster due to the leverage. We are better off protecting our capital and taking what the market will give us and waiting for another entry.

The $QQQ is battling our $338.77 line and flipping it from support and resistance faster than I was short then long then short $TWTR on Friday 😂. We are simply fighting for position. What we need to take note of is that we hold the 21 day moving average. I would prefer a flush of the market and then back to new highs. What I would prefer and what is happening are two different things. There were too many new issues out at once via IPOS and SPACs. There is simply not enough money to make them all rise. Hence we are seeing certain stocks with growth explode while others linger. The $SPY continues to make new highs. It is boring but grinding higher. Expect the $IWM to continue to move sideways. We keep rejecting the upper channel lower trend line. This usually means more basing is needed.

Last Saturday we did a live @Youtube stream even at 1 pm EST. The link is below. I went over ten stocks that could move this week. It’s worth watching. We cover a lot of ground and processes.

Let’s look at our Indexes!

Let’s look at our Stocks!

Subscribe to YouTube! 👈Subscribe and turn on notifications. Below is a video of The Top 10 Stock ideas for next week. We did it live and had a solid turnout. There were a lot of questions about the process. Also some other ideas from the people on the chat. Consider making these videos part of your routine. I go over the lessons from the trading of the pro series during them and point them out in real-time situations.

As always all investment decisions need to be made by the individual. We all have different risk profiles.No two people trade the same. Understand the buy points, stop losses, trims are suggestions. For example on stops. I want to see it close there at the end of the day.

You need to develop your own process. I am willing to help and offer feedback.

Please make sure you Subscribe to Twitter! 👈and turn on notifications. There are times my updates are timely in regard to the Newsletter as well as other ideas. I called levels on $TWTR and $SOXL

Any questions please message me.

Thank you again for all the messages telling me how this Newsletter improved your performance and made you a better trader!

Wishing everyone Massive success!

Now you can share the Newsletter!

👇👇👇

Subscribe below!

👇👇👇