Rookie Numbers

Rookie options trader | "The price of anything is the amount of life you exchange for it" # Thoreau | #DogLife

[Rookie Numbers @KwakuTrade]

Good morning!

May the odds be in your favor this week.

[Dr. Julie Gurner @drgurner]

Rule of thumb when dealing with toxic people..
Keep all interactions:
-Positive
-Superficial
-Brief

Give them no information, no fuel & no authenticity.
Save the good stuff for those you trust.

[Rookie Numbers @KwakuTrade]

Fed Pauses Interest Rate Cuts in Defiance of Trump: What it Means for Mortgages and Housing https://t.co/3PGGo5uYGs

[Elorm Daniel @elormkdaniel]

For those of you who don’t know, VLC also allows you to watch 150–300 live sports channels plus over 1,800 free TV channels worldwide

Here’s how (using safe and public links only):

Install VLC (Free)
Windows / Mac / Linux: videolan .org
Android / iOS: Search VLC in your store

Get a public playlist
Sports-only: https://t.co/ABAhZgOv2O
Full TV (News, Movies, Kids, Music): https://t.co/JvWFFSE7ik

Open VLC → Network Stream → Paste URL → Play
Use Playlist view to switch channels
Some streams take a few seconds, VPN may be needed for geo-blocked content

Channels are public & community-maintained and availability can change.

Enjoy free TV & sports safely

cc: Rollandex

[Blake Burge @blakeaburge]

Major cheat code for life: Stop dragging yesterday into today. The argument. The mistake. The missed chance. It’s already gone. Stop reliving it. Learn fast. Forgive yourself faster. Move forward. Life happens in the direction you face.

[Rookie Numbers @KwakuTrade]

@rohangilkes I agree. Living in a place like America; the greatest country on earth with mad access to capital, education, resources etc, it’s folly to waste it playing small.

[Ophir Gottlieb @OphirGottlieb]

$NVDA Q3 revenue was +22% qoq and +62% YoY

[Dr. Julie Gurner @drgurner]

The prize for playing it safe, is that if you're "lucky," you get to have basically the same day, every work day, for the next 50 years of your life....

The prize for taking the risk, is that if you're "lucky" - you get to have everything you're dreaming of.

[Ophir Gottlieb @OphirGottlieb]

$VRT

• UBS: PT to $201 From $173, Maintains Buy Rating

• Oppenheimer PT to $195 From $190, Keeps Outperform Rating

• RBC PT to $196 From $191, Keeps Outperform Rating

• Morgan Stanley PT to $200 From $165, Keeps Overweight Rating

[Jesse Livermore @Jesse_Livermore]

The complacency we see today does bear some resemblance to February 2020, but there's also a crucial difference. Covid was a destructive economic force that was outside of any person's control. The trade war, in contrast, is a destructive economic policy that is entirely under one person's control. It can be walked back at any moment, and the experience has confirmed that it will be, if it needs to be. Yes, residual economic damage will occur, but just like with Covid, the market is not going to care about it if it sees a clear path to resolution.

The model that I'm using here is a simple trading range. If the market performs well, good time to sell. Trump will be emboldened to go with his instincts, which means we will get bad economic policies that weigh on the market.

If the market sells off aggressively in response to those policies, good time to buy. Pressure will build on Trump to walk them back, and keep building until he walks them back, which he eventually will, as he has shown.

Now, you can't play this kind of game very long without causing a recession, but if it's a recession that has occurred for known reasons, with the underlying cause walked back, and rate cuts are incoming, that's not going to cause the kind of downside that Covid did. Covid had the potential to be truly catastrophic, and it wasn't until the tail got chopped off by extreme stimulus, learning more about it, and progress on treatment, that it became an investment opportunity.

Another thing to realize is that, as with any correction, people get habituated to the "scary thing", and start fearing it less. Over time, it has to get worse to continue to induce the same level of fear and panic. And that's less likely to occur when policymakers have explicit control over it.

[Rookie Numbers @KwakuTrade]

@morganhousel I am at the first stage of the cycle. God help me

[Rookie Numbers @KwakuTrade]

This is good. Thanks for sharing @GraysonRoze

[Grayson Roze @GraysonRoze]

Buyers are makin' a go at sending the S&P 500 $SPY back above its (declining) 5-day Moving Average.

If you follow @alphatrends – and you reeeeally should – you know the significance.

We're seeing the same with the S&P 400, Russell 1000 & Russell 2000, and the S&P 600 is trading right at its 5-day.

See for yourself – here's a link to all the charts 👇
https://t.co/JFbxDkG2VD

[Wyotrader @Wyotraderspace]

Today was my best trading day. Just a demo account-maybe that's why. But reading price action and managing risk were both 10/10 for me. Felt like a major breakthrough. Never more than $150 drawdown. Controlling demo risk was more rewarding than my big $$$ days. I'm so close.

[Rookie Numbers @KwakuTrade]

@Stonkz1 Awesome man! Controlling for risk is everything about how the reward turns out.

I need to keep reminding myself of this every time

[Kevin Love @kevinlove]

You have no choice? lol

Because it went viral? lol

You didn’t want to have to? lol

You wouldn’t have? lol

[Ophir Gottlieb @OphirGottlieb]

$VIX OK, so while it is counterintuitve, VIX between in [17, 23] is usually a signal to buy vol. When its below or above that range, it's usually a sell.

tl;dr long vol now is aproporiate.

[Rookie Numbers @KwakuTrade]

RT @OphirGottlieb: $NVDA OK, off to the races. Big hit to China due to trade controls but still beats everywhere. Future is about inference…

[Rookie Numbers @KwakuTrade]

@Stonkz1 Yup, it is

[Rookie Numbers @KwakuTrade]

Back to stalking $ADBE

[Ophir Gottlieb @OphirGottlieb]

Today is a shakedown, but it's just a day.

*IF* true, big reversal of concentration risk. Bad for some, better for many more, which is actually long-term bullish.

[Rookie Numbers @KwakuTrade]

@OphirGottlieb Right back at ya 💙

[Rookie Numbers @KwakuTrade]

@ParikPatelCFA put option on this advice