*VANCE CALLED OFF TRIP TO PAKISTAN: AP
*AP CITES US OFFICIAL ON VANCE CALLING OFF TRIP
*IRAN INFORMED US VIA PAKISTAN IT WON'T ATTEND TALKS WEDS.
*TASNIM CITES SOURCES ON IRAN NOT ATTENDING TALKS IN PAKISTAN
An off ramp? A TACO? Another bait and switch?
Brent cratered ~$16/bbl on Trump’s latest post talking about “very good and productive conversations” with Iran.
It’s simple for NVDA earnings today . Do not miss or guide lower revenue estimates for 2026/27. Otherwise the stock is toast!
In-line won’t be enough today given current sentiment and elevated VIX. The market wants ‘hope’ - and that only comes with some STRONG guidance on revenue expectations for 2026!!!
@solo_trader The main thesis behind the levels though is basically areas of balance / acceptance - you look for when these areas breakout then look at the 50% midpoint of these areas on pullbacks ?
I’ve read Market Wizards 5–6 times, but this round I went with the audiobook. And it feels even more relevant today.
Here are some timeless lessons from Richard Dennis’s interview:
“When you have a destabilizing loss, get out, go home, take a nap, do something, but put a little time between that and your next decision. When you are getting beat to death, get your head out of the mixer.”
“You have to minimize your losses and preserve capital for those few instances when you can make a lot in a very short period of time. What you can’t afford is to throw away capital on suboptimal trades.”
“When things go bad, traders shouldn’t stick their heads in the sand and just hope it gets better.”
“The market being in a trend is the main thing that eventually gets us in a trade… Whatever method you use, the most critical thing is that if there is a major trend, your approach should assure that you get in that trend.”
“The biggest public fallacy about market behavior? That markets are supposed to make sense.”
No commentary needed.
Just wisdom that ages like fine wine.
Iv been thinking a lot about obsessive behaviour and how the most skilled trading practitioners exhibit obsessive like behaviours. My thoughts can be summarised by this msg I sent a colleague.
*BOJ IS SAID TO SEE CHANCE OF HIKE THIS YEAR DESPITE POLITICS
*BOJ IS SAID TO SEE US TRADE DEAL REMOVING SOME RISKS TO GROWTH
*BOJ IS SAID TO SEE STEADY PROGRESS TOWARD BANK'S PRICE TARGET
*BOJ IS SAID TO LIKELY KEEP RATES UNCHANGED ON SEPT. 19