If people sell the thesis/narrative - you have a top. If people hedge the thesis/narrative, you just have a positioning problem.
https://t.co/VNmf0YCPnS
Laying some ground rules for my return to X.
We shall
1) Size appropriately
2) Only execute trades you are comfortable with
3) Always respond to "Shall we trade some ES?"
4) Hold ourselves responsible
5) Share the morning plan.
Deal? ❤️+♻️
The most expensive misread in markets right here is thinking AI kills software. I think it gets absorbed by it which is a completely different trade.
Spent several weeks on this post and built a 15 name basket around the idea.
https://t.co/2jGQf1SK2J
The S&P 500 has been a sedative for two months. Software is the most hated trade in the market right now. That's exactly why it's about to lead.
What if the real risk is up?
https://t.co/AzdX2bURZ9
The results are in. Size does matter.
New post on the psychology of position sizing. Why it matters more than your entry, your thesis, or your stop. Free to read.
https://t.co/V99o36b0SO
I made this Week Ahead completely free.
Something quietly happened last week, and if you trade, you need to understand it…
Call it an early Christmas gift from me to you
https://t.co/IhKdsFJ7hO