A powerful reminder that price alone doesn’t tell the full story. Strength, momentum, and market confirmation often reveal what the crowd is willing to reward. Discipline means respecting what the market is showing, not just what we hope it will do. $SPY $QQQ
Most traders look for bargains. I never did.
A stock doesn’t become attractive because it’s down 40%. It becomes attractive when buyers consistently overwhelm sellers.
People confuse a lower price with lower risk. The market doesn’t.
I’d rather buy strength than weakness. Trends exist for a reason. Fighting them because something “looks cheap” is a habit that empties trading accounts.
You don’t make money by being early. You make money by being right.
The market doesn’t care what you think a stock is worth. It only reflects supply and demand. My job was never to predict where prices should go. It was to follow where they were already going while controlling risk.
Cheap is an opinion. Strength is evidence.
DAVID TEPPER MADE $7.5 BILLION IN A SINGLE YEAR BUYING THE BANKS EVERYONE ELSE WAS TOO SCARED TO TOUCH
Asked how he pulled it off, the obvious answer was some brilliant, complicated trade. He gave the opposite:
"It's easy. It was easy. The government told you what they were gonna do."
In early 2009 the Treasury published a white paper laying out that it would backstop the banks at set prices. Tepper's whole edge was believing it:
"Even the government has to be subject to the law. So they told me they were gonna buy Bank of America at a six handle. Nobody believed them. The market kept going down. We actually did."
He was buying the stock at two and three dollars while the government was set to come in at six. No leverage.
The paper was public. Every desk on the Street could read it. Almost none of them believed it enough to buy.
After decades in the markets, I’ve learned that success has less to do with finding the perfect system and more to do with mastering yourself. I’ve seen brilliant traders fail because they couldn’t stay disciplined when it mattered most. The real challenge isn’t the market it’s managing your own emotions when everything’s on the line.
Fed’s Goolsbee: Want To Wait Until The Anxiety Dies Down Before Comfortable That US Is Back On Track To Soft Landing
- If Get A Few More Months Of Excellent Inflation Reports, That Would Be Persuade Me We're Still On Golden Path
$SPY $QQQ
Breaking my silence, because I felt the need to update and share this to my fellow followers.
Currently, we are looking off the edge of a cliff.
Fundamentals are complete ignored. Complacency on steroids. The repercussions will be severe.
Double top looks complete.
IT'S TIME TO RAISE OUR STANDARDS.
We live in amazing times. A time when businesses can treat customers like garbage – rude service, open and close whenever they feel like it regardless of posted hours of operation, make people wait for hours in waiting rooms, and blow off scheduled appointments without a second thought. And what do we do? We crawl back and keep giving them our money.
That’s exactly why mediocrity thrives. We tolerate it. We’ve become a society so complacent, so spineless, that we keep rewarding incompetence and disrespect. People and businesses that should have failed long ago are thriving simply because we let them.
That’s not how I operate. Never has been, never will be. But watching this circus unfold? It’s a brutal reminder of why standards keep falling – because we keep lowering them.
Houthi fighters attack 2 ships on the Red Sea in a matter of days.
Persian Gulf and Straight of Hormuz got the headlines but the Red Sea is now the scene of high risk and ship attacks.
Ill be on @SquawkCNBC in 10 mins (about 840am ET)
At first I thought this was fake but it’s actually real
New McDonald’s fries sizes. The Medium Fry is now put inside one of the tiny bags and it’s even labeled “Medium Fries” right on the packaging
This is absolutely ridiculous. The cost of this is $5.89 in parts of California