When I started trading in late 2021, I had about 6 to 7 weeks before the nastiest bear market of 2022 hit.
In that short window, I turned $8k into roughly $50k. I thought I had it all figured out. One month into 2022, I lost about 95% of my account.
Looking back, I don’t think I would be where I am today without the pain and discomfort. Constantly feeling like the market was out to get me forced me to either quit or evolve.
I tell everyone this. You learn almost nothing in a bull market. Anyone can make money when everything is going up.
The market we have now will expose every weakness you have as a trader. Your job is to identify those weaknesses, work on them, and improve.
Surviving first, and all the money comes after
BREAKING: Gold futures extend gains to over +$1,000/oz on the month, to a record $5370/oz, now on track for the biggest monthly dollar gain in history.
Liquidity in Japan's government bond market is collapsing:
The JGB Liquidity Index jumped to 9.5 points on Tuesday, indicating the worst liquidity conditions on record.
This index has DOUBLED over the last 12 months.
Conditions in the $7.6 trillion bond market have deteriorated materially since 2022, as bond yields have experienced one of the most dramatic increases in history.
This comes as the Bank of Japan has significantly reduced its bond purchases, while Japanese life insurers have sold a record amount.
Meanwhile, foreign investors now reflect ~65% of monthly cash bond transactions, up from just 12% in 2009.
These investors have much shorter holding periods than traditional domestic buyers, increasing volatility.
Japan's bond market is on the edge of a full-blown liquidity crisis.
EU DISCUSSES POTENTIAL U.S. THREAT OVER GREENLAND
EU foreign policy chief Kaja Kallas said member states have discussed whether President Donald Trump’s comments about taking over Greenland represent a “real threat” and how the bloc would respond. She called the remarks “extremely concerning” and warned they undermine global stability.
Kallas stressed the EU’s firm commitment to protecting national sovereignty and territorial integrity, emphasizing that adherence to international law is essential to safeguard smaller countries.
TRUMP SAYS MILITARY OPTION ON TABLE FOR GREENLAND
President Trump said his administration is considering a range of options to acquire Greenland, including potential use of the U.S. military, citing national security concerns. Following the remarks, both Greenland and Denmark requested talks with Secretary of State Marco Rubio.
US AIRSTRIKES IN VENEZUELA DEATH TOLL REACHES 80
The death toll from U.S. airstrikes in Caracas on Saturday has risen to 80, including civilians and security personnel, according to The New York Times citing a senior Venezuelan official. Earlier reports put the number at 40, and officials warned it may increase further. Venezuela’s defense minister said several members of President Nicolás Maduro’s security detail were executed during his abduction.
Yes it’s a hard market but it’s not impossible to perform well.
You have to stay open minded when volatility hits the tape.
This is where some of the best traders are made.
When conditions become more straightforward you know exactly when it’s time to get aggressive and size up
PAYPAL SUBMITS APPLICATIONS TO ESTABLISH AN INDUSTRIAL BANK TO EXPAND ACCESS TO FINANCIAL SERVICES FOR U.S. SMALL BUSINESSES; EXPECTS TO OFFER INTEREST-BEARING SAVINGS ACCOUNTS; PAYPAL BANK WOULD SEEK DIRECT MEMBERSHIP IN THE U.S. FEDERAL RESERVE SYSTEM $PYPL
Good morning, let’s start the new week with an affirmation ☕️
I start the week with clarity
I know my levels, my plan, and my risk
I do not chase; I let the trades come to me
My job is discipline, my reward is up to the market
Let's have a great week. And go $TSLA!
A lesson that took me a bit to learn was to move on from stocks that are no longer in play. This past week we saw $BYND go from 1 to 8. If you didn’t catch that impulse move higher or the parabolic short, then it was no longer in play after 10/22. Was there more volatility? Sure, but the big trade was over, time to move on.
Price is like a deck of cards being dealt & when you understand how the composite man deals the top & bottom of the deck you’ll know how to play the hand you are dealt.
123 global rate cuts YTD, global stock market cap up $20.8tn, $170bn for every rate cut!
Number of leveraged equity ETFs up from 470 to 701 YTD.
5x levered single-stock ETFs coming soon.
🤯🤯