Hi Mark - was wondering what you make of the long term view of the market never getting over 50% of Nasdaq stocks above their 200 day average? Have you ever seen a period for this long in your career where things were so concentrated?
@MarkRitchie_II
$RGC
There are a few traders who can truly accept randomness and make this nature of the market an ally.
Market randomness is one of the few reasons I still love this game and remain passionate about it.
Not knowing and not caring how much power a stock may hold, and not intervening, was one of the key adjustments I made both mentally and practically that really changed my results over the years.
Remember, no one knows how much power a stock holds, so why bother intervening and putting pressure on your ego over a random factor?
Who would have thought that $RGC would go from around $1 in April -May to $50,by also making a 300% move in a single day? I'll tell you the answer. No one.
Embrace randomness. Make it an ally. Build a system that can endure a lot of pain until outliers emerge. Position yourself in places where asymmetry can emerge more easily. That’s the recipe for successful trading.
Fun fact: I covered this name quite a lot during a recent bootcamp I ran with some highly dedicated traders.
@RichardMoglen@stamatoudism Hey, appreciate the reply, I just went to the TL Youtube site and searched - and scanned the videos but unfortunately don't see it. Maybe it needs more time to fully republish? If you have the link handy I'd appreciate it 🙏
hey @RichardMoglen I was watching a TL video you made with @stamatoudism yesterday that included more risk management and setup topics but today it said Youtube removed it? I see this still but what happened to the one that was removed? 🤔 thanks!! https://t.co/y3nRHkjWRd
hey 👋 @Schweitzer88 - this part of Germnaia has been pothole wack-a-mole for a bit now - with the recent storms even deeper and new potholes have opened up. any plans here for a complete repaving of this part of Germania?
happy tuesday @stlcsb also the 7800 and 7900 blocks of Pennsylvania - need tree trimming - pretty difficult on all of these mentioned blocks to walk unless you're under 5 foot 🙂
hi @stlcsb - need to submit tree trimming requests for the 8300 and 8400 block of Pennsylvania - and 8200 block of Minnesota. also @ 8405 Minnesota and Marcuea - there is overgrown grass that blocks seeing traffic when turning on to Marceua - thanks
@stlcsb@Schweitzer88 hi @stlcsb - this ticket #1782968 at 523 Marceua shows as resolved with a resolution date for the property owner. this property is still in violation - as there is still an active junkyard next to and within the property line. - what is the next step here? thanks!
👋 hey @Schweitzer88 - wanted to check with you about trash trouble along Marceua and Germania - the Fountains apartments has refuse all over and hasn't been picked up, 523 Marceua is using land next to there property as a dumping ground, and....
@stlcsb@Schweitzer88@stlcsb - it looks like 7820 Germania for the apartments. @Schweitzer88 - you're the best - appreciate the attention on this and contacting the attorneys for the apartments - if you ever need anything in Patch let me know!