Everyone wants to succeed. We all have goals, dreams, aspirations. They are all different. What one person wants another does not. Thatโs ok. What is most important is not the goal or success itself. What is important is what are you willing to do to achieve it? I bring this up because investing is hard. Itโs not easy. Itโs not glamorous. We are not out popping bottles every night. We are studying charts, We are looking at our positions, we are conquering our emotions. We have to constantly become better than we were the day before. You must realize that in order to succeed in this endeavor you must be willing to do things that make you uncomfortable. If this is not for you, that is ok too. There is nothing wrong with buying index funds or bonds. Just do not delude yourself. If you want to achieve outsized returns and create more opportunities for yourself and your loved ones. You Must be willing to do things others are not. This is a very fast and hard market. One of the hardest environments I have seen in decades. It is not for those who are unprepared. As I always say, You are playing against the most disciplined and smartest people in the world. Prepare like it.
The $QQQ was down less today than every other index. On top of that $VIX was up. $ARKK was up on the day. $NAIL, home builders and supplies 3X ETF looks to be cracking. The $XLE can not get through the $54.50 level. Today the $XLF went to the top of the channel and is having an issue. We are seeing the signs of another rotation looming. Most likely back into $QQQ. Either the $SOXX or $IBB will lead. We just do not know yet. Note the difference in stocks that came out with great earnings and gapped down. $ROKU and $FUBO come to mind. They never tested those lows. This shows signs of a bottom forming. We are bottoming but it can always get worse. Honor your process. Key levels on the indexes marked below. Read the notes on the charts. Letโs do this!
Letโs look at our Indexes!
Letโs look at our stocks!
You are going to see more stocks added shortly and new leaders emerge. Consider watching the videos and turning on notifications on Twitter. This market is moving very fast.
Subscribe to YouTube! ๐Subscribe and turn on notifications. Below is a video of Tuesdayโs game plan for tomorrow. Itโs packed with ideas. I walk through several trades. Also, the end screen has a great video done by Ed Mylett and Tim Grover on winning. Itโs worth your time. Consider making these videos a daily 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! ๐and turn on notifications. There are times my updates are timely in regard to the Newsletter as well as other ideas. I called levels on $NAIL $FUBO $UPST today
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Wishing everyone Massive success! ๐
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Hey Arete. Hope all is well. I forgot to ask your take on TZOO. Thanks again.