Don Benito

futures and options

[Atlas Press @realAtlasPress]

Aristotle, some wisdom for your Saturday

[Remz @Remzztrades]

Funny because 3 years ago I got my first glimpse of what winning felt like. I made around $25–30k in a couple of weeks trading. I ended up losing it all a few months later, but for that brief moment it was the closest thing I’d ever experienced to financial freedom.

I never gave up, even though I was basically unprofitable for the next year and a half.

Now I look at my timeline and see people giving up after just a couple of months because they aren’t profitable yet.

To become great at this game takes time. A lot of time. Most people simply aren’t willing to stick around long enough to get there.

[Don Benito @donbenito888]

@NoLimitGains Other than Christian genocide idk fr

[Don Benito @donbenito888]

@UbermenschMind Such a fumble

[Weave Robotics @weaverobotics]

Today, we’re launching our home robot Isaac 1.

Isaac 1 deliveries will begin this fall.

Order yours below.

[IMPERATOR @IMPERATORAUS]

We are not born for ourselves alone; a part of us is claimed by our nation, another part by our friends.

– Marcus Tullius Cicero (De Officiis)

[Casper @CasperOnChain]

John Hope Bryant says if you hang around nine broke people you'll be the tenth

"Billionaires don't need more money. Somebody with $100 million doesn't need more money. A Fortune 500 CEO doesn't need more money. They want relationships. It's not about what you get, but what you have to give"

"Here's the key about relationships. A giver and a giver is exotic. A giver and a taker is neurotic. A taker and a taker is psychotic. Most people have taker relationships"

"Surround yourself with givers, get the toxicity out of your life, and your whole frequency rises. The opposite is also true. If you hang around nine broke people, you'll be the tenth"

[Nic Munoz @nic_munoz]

Napoleon had a similar philosophy:

“One must learn to forgive and not to hold a hostile, bitter attitude of mind, which offends those about us and prevents us from enjoying ourselves; one must recognize human shortcomings and adjust himself to them rather than to be constantly finding fault with them.”

[Anthony Pompliano 🌪 @APompliano]

SpaceX hit $3 trillion market cap today.

This means Elon Musk made more money in the last 24 hours than Warren Buffett made in his entire lifetime.

Insane.

[The Transcript @TheTranscript_]

Elon Musk in this 2012 interview:

" My proceeds from PayPal after tax were about $180M, $100M of that went into SpaceX, $70M into Tesla, and $10M into SolarCity and I literally had to borrow money for rent."

$SPCX $TSLA

[Don Benito @donbenito888]

@Mr_Derivatives Commensurate with the speed and significance of the changing world in my opinion

[cygaar @0xCygaar]

Greatest test of intelligence is asking someone what they think of Elon Musk

[Evan @StockMKTNewz]

Elon Musk just rang the opening bell for the stock market today at the Nasdaq

[Elon Musk @elonmusk]

Peter’s eternal optimism is cool

[Kpaxs @Kpaxs]

Your current life is, to an uncomfortable degree, an honest readout of who you've been.

[EliteOptionsTrader @EliteOptions2]

The Last Time This Happened, 80% of Traders Blew Their Accounts

$SPX saw one of its biggest selloffs in months last week despite strong jobs numbers. On a macro scale, continued tensions in the Strait of Hormuz and supply chain issues from that uncertainty are still having sporadic, adverse effects on markets. It's still too soon to tell what will happen next, but I have a few scenarios that I want you to keep in mind (Scenario #3 will blow your account):

Scenario #1: Bullish Continuation
$SPX reclaims 7500 with a strong recovery from tech leading the charge. Bears who got overly excited get squeezed out and help push the market higher towards 8000. Bears try to call another top as $SPX backtests previous ATHs only to get squeezed again; support near 7600 is just too strong.

Scenario #2: Bearish Reversal
$SPX loses 7370, backtesting 7334. Bulls can't overcome the selling pressure as continued fears of an unraveling AI trade begin to mount; tech continues to slide lower, dragging the rest of the market with it. When 7334 fails more people begin to panic sell: the entire market slides another 300 pts toward 7059.

Scenario #3: Chop to Pop
This is the worst possible scenario for most day traders: an extended period of consolidation. With no follow through from tech and an even match up between bulls and bears, $SPX consolidates in a 170 pt range between 7334 and 7500. This consolidation period may last up to a few weeks or a few months: regardless, 80% of traders are going to give back their gains by being too impatient. Once the dust settles and impatient traders' buying power is exhausted, $SPX breaks out and moves towards 8000.

It's too early to call a top or a bottom, and you shouldn't care about trying to. Good traders are reactive, not predictive: have a couple scenarios in mind, take note of key levels, and execute accordingly. Your desire to make money needs to be greater than your desire to be right if you want to last in this game.

[Don Benito @donbenito888]

@optionshoof Retweet if this is helpful

[shoof @optionshoof]

Personal change is difficult for a reason: you are both the marble and the sculptor

Becoming more than what you are now demands hard work and consistency

Flinching at the chisel won't finish your masterpiece any faster

[Bambulu @Bqmbulu]

'The warrior lacks the wisdom of the philosopher, and the philosopher lacks the courage of the warrior. Man should aspire to both ideals.'

[Nic Munoz @nic_munoz]

How Elon became a rocket engineer:

"I started going to the Palo Alto public library to read about rocket engineering and started calling experts, asking to borrow their old engine manuals. Most people self-limit their ability to learn. It's pretty straight forward-just read books and talk to people."