Alan McGrath

20 years plus trading the markets. Don’t believe everything you read, forging a career can be extremely rewarding…but it takes time, persistence and discipline.

[Kit Lowe @kit_lowe]

Bonds to equities.
"Look at me I'm the Captain now"

[First Squawk @FirstSquawk]

Vance:
* We did not reach an agreement with Iran

* The talks with Iran did not succeed, and we will return to America

* The Iranians did not accept our conditions, and the talks did not succeed

[Alan McGrath @alanmcg]

@_findingmyedge Boom!

[Ted Zhang @TedHZhang]

Quote of the Day:

"You only need one bull market to get rich, and change your financial future. You only need one. Learn the setups, learn how stocks move, learn what moves stocks, and memorize the patterns."
~ @Qullamaggie

[Alan McGrath @alanmcg]

@warikoo Even better, just don't give a crap what anyone else thinks of you (except those you love). That's true freedom.

[Alan McGrath @alanmcg]

@Scutty @X @elonmusk What a feral move. Didn't realise how much i relied on the ol Tweetdeck set up until this morning. No warning either that I saw.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: An oil tanker operator paid Iran a $2 million fee for safe passage through the Strait of Hormuz on Wednesday, per FT.

Iran is now charging "favored" countries millions per oil tanker for safe passage through Hormuz.

[First Squawk @FirstSquawk]

Several of QatarEnergy’s LNG plants suffered missile strikes early Thursday, resulting in major fires and heavy damage.

[Alan McGrath @alanmcg]

Extra relevant in these conditions imo.

[Trading Composure @TradingComposur]

“The most important rule of trading is to play great defense, not offense.”

~ Paul Tudor Jones

[CN Wire @Sino_Market]

🇮🇷🇮🇳IRAN FOREIGN MIN SAYS GIVEN PERMISSION FOR INDIAN OIL TANKERS TO PASS THROUGH STRAIT OF HORMUZ - ZEE BUSINESS (https://t.co/hQAhtJKzPQ)

[Alan McGrath @alanmcg]

Retesting the key $90 level now

[The Kobeissi Letter @KobeissiLetter]

BREAKING: US oil prices rise above $92/barrel, now up over +$10/barrel in 9 hours.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The IEA has proposed the largest release of oil reserves in history, exceeding the 182 million barrel record set in 2022, per WSJ.

Details include:

1. The proposal was circulated at an "emergency meeting" today

2. Countries are expected to decide on the proposal Wednesday

3. The proposal will be adopted if none objects, but even one country's protests could delay the plan, officials said

4. IEA members currently hold 1.2 billion barrels in crude oil reserves

Oil prices are still up +60% since December.

[Alan McGrath @alanmcg]

fwiw AI summary of EOS bear note response:
$EOS response is material, detailed, and largely effective in dismantling the more serious elements of the bear case — there is no evidence of fabricated contracts, balance-sheet stress, or deceptive order book reporting, and the company clearly distinguishes between unconditional revenue and genuinely conditional opportunities. However, this is not a risk-free story: valuation is now heavily dependent on execution, timing, and conversion of long-cycle defence contracts (particularly Korea), with any slippage likely to hit sentiment hard. In other words, the Grizzly note overreaches on intent and integrity, but it does surface the correct pressure point — EOS must now deliver, because expectations are high and forgiveness is low. #asx

[Alan McGrath @alanmcg]

@longarmlopez Bit heavy on the prep time there lol...but I'll give it a shot sometime soon

[Alan McGrath @alanmcg]

I don't know if this is a new invention or not...but I just got a banana, cut it long ways down the middle, and filled the cut with cruchy peanut butter.
It was SENSATIONAL!!!
Do yourself a favour, I think I just found the perfect trader snack! #asx

[Ted Zhang @TedHZhang]

Perfect time for this reminder as traders right now.

[Alan McGrath @alanmcg]

@_findingmyedge Very impressive James! Well done

[First Squawk @FirstSquawk]

Trading on the London Metal Exchange is delayed on Friday, with no update on when it will reopen – Bloomberg.

[Alan McGrath @alanmcg]

When you've been around this circus as long as I have it's rare to encounter firsts...but this gold move this morning is really something else!
If I can offer anything it's this...forget everything you think should be happening, triple down on discipline and trade the action not your bias.