Nightly homework and preparation: the areas I show are easily noted the night before. I have them marked off on charts for each market. Hard to trade if you are doing your analysis on the fly when instead you should be concentrating on your game plan, stalking and managing.
New Commentary:
Today I look under the hood of the ETF process and outline the various risks that should be considered in your ETF due diligence, such as:
1) Passive vs Active Management
2) Leverage: Linear vs Daily Percentage Return
3) Return of Capital
4) Fund of Funds
5) Opaque Fees
6) Underlying Asset Liquidity
7) Strategy Drift
>>> https://t.co/VCiLzd1Frg
@profplum99@EconRosenberg@biancoresearch@tracyalloway@ErikSTownsend@LukeGromen
@Dcpcooks You put structure around randomness to understand it. Whatever makes sense to you. As long as you are disciplined and only trade it when the randomness fits your definition of structure... you make money. :)
Master your emotions.
- Fear will lead to missed opportunities
- Green will lead to blow accounts
- FOMO is FOMO. You chase and buy when other people are selling
- Revenge trading is probably the single most overtraded emotion.
Private equity and private credit are looking to sell a lot of assets to retail investors. Those retail investors should check to make sure they know where their wallets are before they invest.
https://t.co/FkdmyNQgHg
Reminder since it's FOMC day.
LucidPro is the favorable option for those trading today as it has no consistency and you can pass in one day.
Also, giveaway ends at the close and I will post the winners. 👇👇