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Wrapping up August, and the market's basically stuck in a tug-of-war.
Nvidia and the chips want to pull everything higher. The Fed and inflation chatter keep yanking it back down.
When the bulls and bears are this evenly matched, the big directional trades get chopped up. This is a stock-picker's tape, not a "buy everything" tape.
Trade what's in front of you, not what you wish was happening.
Not financial advice.
Oil at 2-week highs, yields climbing, tech in the red. The macro is doing the driving today, not the charts.
When headlines are moving the market this hard, your technical setups get a lot less reliable. That's not a bug — it's a signal to tighten up and trade smaller until things calm down.
Anyone else stepping back today, or are you finding spots?
Not financial advice.
Been doing this long enough to know the quiet days are the ones that get you.
No big news, nothing obvious to trade, so you start inventing setups just to feel busy. That's usually right about when the market takes your lunch money.
Some of the best trading I ever did was sitting on my hands doing nothing.
Not every day has to be a home run. Protecting your capital IS a move.
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Fund Your Edge gave our community 10 exclusive BOGOs!
Use code EXECUTE for 30% OFF your first account
Buy 1, get 1 of the SAME SIZE FREE, even the 150k accounts!!
1-Day Pass accounts available
It will show you a free account will be sent. See screenshot. Best value out there from an amazing firm @fundyouredge
Only 10 available. First come, first served! So jump on this! Won’t last long.
Today’s Watchlist
$COIN Coinbase
$MU Micron
$UPS UPS
Three names I’m watching closely today. Levels are mapped out, now it’s all about letting price come to us and executing the plan.
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Today’s watchlist is simple.
• Chipotle
• Netflix
• Starbucks
These are the names on my radar heading into today’s session. Let’s see what the market gives us.
Got the shorts for a few hundred points today. Got the longs for a few hundred points too, and played with options on top of that. What a great way to end the week.
Another Blusky daily payout on the way, and one more day until the next round at Tradeify. Building the base and scaling up.
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