A few days ago, a gang of about a dozen young men tried to assault a woman in her car at night in DC.
A @Doge team member saw what was happening, ran to defend her and was severely beaten to the point of concussion, but he saved her.
It is time to federalize DC.
One of the biggest challenges of index downtrends is that every day, many are looking for "signs of the bottom" - based on options data, sentiment, HF positioning, etc.
The only true indicator of a potential bottom is the price stops going down, starts going higher and clears key technical levels.
Follow the charts and follow the trends - not cherry-picked data.
Right now, $SPX is a weekly downtrend, so instead of trying to call the lows every day, we should remain focused on trying to limit the drawdown, until we get clear trend buy signals.
Maybe the tariff announcements are a catalyst, and it all turns up today/tomorrow, but until I get real buy signals, I'm not interested in trying to predict the lows every day or buy into charts going down.
Some months, the market hands you money on a silver platter. Last year I had a +60% month. Not because I did anything special, but because the conditions were perfect. It was an easy money environment.
Right now itโs the opposite. The environment is NOT easy money. But its nothing new. Iโve seen this cycle play out many times. Its just how the market works and why needing to make money every day/week/month is insanely difficult.
Iโm flat this year and honestly in my book thatโs a win because this is where most traders blow themselves up.
They feel like they have to make money, so they force bad trades, revenge trade, and slowly grind their account down.
Then when the market finally flips and easy opportunities come back, theyโre either:
โข Too beat up from recent losses to capitalize.
โข Stuck trying to get back to breakeven instead of compounding forward.
I know this because Iโve been that guy. Iโve overtraded in bad conditions and given back everything I made when trading was easy.
The real key to making big money is not going backwards when itโs tough.
The easy money window always opens again. And when it does, the traders who stayed patient are the ones who get to floor it and take full advantage while everyone else is too busy recovering from the damage they've done.
BREAKING: Trump just called for investigations to find out who's getting kickbacks from all the ludicrous money spent at USAID.
Now you know why Democrats are sweating.
They know the Hammer of Justice is coming.
CC: @DOGE
The more democrats are panicking and angry, the more evidence that @elonmusk doge is discovering the key to corruption and fraud committed by democrats.
๐จChuck Schumer on DOGE: "The American people will not stand for an un-elected secret group to run rampant through the executive branch. Being innovative is good, but Mr. Musk, this isn't a tech startup. These are public institutions."