Bull Market Musings

Mike O… Speculator working hard to: 1) manage risk, 2) make a bit of $, 3) manage risk. Anything I post should be ignored (and most is) #canslim #darvas

[Bull Market Musings @BullMktMusings]

Currently reading: “No Worries” by @dailydirtnap Jared Dillian…
Great read I wish I had at 30 yo… flips Suze Orman and Dave Ramsey stuff on its head!

Intrigued by the “awesome portfolio” - great for non-traders and even perhaps a chunk of a trader’s capital to set and forget.

[Scott Bennett @investwithrules]

This Week’s Top Stock & ETF Setups
https://t.co/sELxA2SwPQ

✅ Min 1: This beaten-down cybersecurity stock just flashed a GAS signal
✅ Min 6: The market’s “check engine lights” are flashing again - why we raised some cash
✅ Min 8: This hotel stock is being accumulated by billion dollar fund managers and it's in an uptrend

$OKTA $CLOU $UFO $MAR $NVDA $SPY @investwithrules #stockmarket #stocks

[Bull Market Musings @BullMktMusings]

@prrobbins Marketing 101 that purposely ignores good ol’ probabilities and math…

[Bull Market Musings @BullMktMusings]

@BigBearButt I like factor, but pricey - also not a fan of cooking food in their plastic trays.

@tovalafood food is decent, but the customer service is the worst I’ve experienced in a long time. I’ve had an issue with the oven - and have yet to hear from them despite 5+ attempts. Beware!

[Bull Market Musings @BullMktMusings]

@DanielJ44875748 @realEstateTrent Great point! I was about to comment on that being poor detail orientation, but you changed my mind…

[Trading Composure @TradingComposur]

Stop losses and proper position sizing are like the food scale and measuring cups of trading.

You can surely bake/cook something incredibly tasty without them.

But if you want reliable/consistent results, you better make sure you're using them.

[Bull Market Musings @BullMktMusings]

@prrobbins 🎯 In fact, if one takes a loss within the rules of their system/process, is that being wrong?

No, it’s actually a demonstration of being right.

[Bull Market Musings @BullMktMusings]

@TedHZhang Begs the question: why does your process allow you to trade outside of those parameters?

[Bull Market Musings @BullMktMusings]

@801010athlete It’s cured mine!

[Ankur Patel @AnkurPatel59]

I’d bet my life savings that Kristjan Qullamägi is one of the greatest stock traders of this century, not because of some fancy tricks or complicated strategies, but because he unlocked a formula that’s hard to resist.

Here’s what we can learn from him (a thread 🧵):

[Bull Market Musings @BullMktMusings]

@realEstateTrent Because texts are now become voluminous and unwieldy.

[Peter Robbins @prrobbins]

The ultimate goal of trading is to make a profit.

The irony is that the real key to profit is loss control.

Focus on avoiding catastrophic losses and see what happens.

[Bull Market Musings @BullMktMusings]

@prrobbins Excellent point which I missed for many years… it helps to have a smaller “pool” of tickers to fish from - my rule of thumb is no larger than 3:1 - if I have 15 “slots” in my portfolio, I have a watchlist pool of no more than 45 tickers to get buy signals from.

[StripMallGuy @realEstateTrent]

Many people live like this:

They try to get a credit by telling the hotel how upset they are about the water pressure.

They ask for discounts from their friend the auto-mechanic, and negotiate even with their barber and their dentist.

It's an all-out relentless effort to save a few bucks here and there, but at what cost?

They dedicate themselves to obsessively saving every penny they can, even if they make millions.

They can't help it. It's an addiction. They have to win.

They never consider how much better off they'd be if they put all that energy to better use, or saved themselves the trouble.

You saved $80, but what about the conflict, stress, and time it took to do it?

What a crazy blind spot.

[Scott Bennett @investwithrules]

A quick look at bond, crypto, & metal ETFs:
GAS: 🟢 $GLD #Gold & $SLV #Silver
COAST: 💛
BRAKE: 🛑 $EDV $TLT #Bonds & $IBIT $BTC #Bitcoin

[All The Right Movies @ATRightMovies]

THE GREAT ESCAPE was released 61 years ago this week. Featuring a huge all-star cast and one of the most iconic themes in film, the making of story is as extraordinary as the events on which it is based…

1/39

[Ian McMillan, CMT @the_chart_life]

Long above a 200 day MA and cash below, will save you thousands of hours of grief.

You'll catch every single all-time high. And you'll most likely be out before any type of major damage is done to your net worth (you're going to feel the first 7-10%).

You'll be wrong ~80% of the time, buying back in within a few days/weeks, probably at a slight net loss (which you can make up for with leverage, if you are comfortable playing that game).

BUT you'll avoid the 30-50% drawdown that absolutely crushes your savings and retirement goals and sets you back another 5-10 years.

99% of people should be focused on avoiding the massive drawdowns. That's the key to creating and sustaining wealth in the market, not whether you own "the next big stock".

[All The Right Movies @ATRightMovies]

The most famous moment is the White House exploding. The model was 10ft x 5ft. 9 cameras filmed the explosion at various speeds, one of which was 12x faster than normal then played back at normal speed to make the explosion seem larger on film.

28/42

[Bull Market Musings @BullMktMusings]

@baldridgecpa Funding a 529 account.

[Bull Market Musings @BullMktMusings]

@ATRightMovies Easy: Star Trek

[Bull Market Musings @BullMktMusings]

@SJosephBurns Lack of a rules-based process.