FT Trader 20yrs. Day trader turned swing/position trader. Coach. Host: Mindset & the Markets + The Last Candle. Co-host @MarketHoursPod. https://xitter.cf/t.co/lEwK6zzkpB
Joined February 2010
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Most of us already know exactly what our problem is. That's never been the hard part.
"Knowing a pattern and being free of it are two very different things. I can understand my fear and still let it make my decisions. I can watch my ego defend a position in real time... and still not take the loss. We can see our need for validation clear as day and keep chasing approval from people whose opinions shouldn't matter at all. You can spend years studying yourself, reading the books, learning all the language of self-mastery, and still operate exactly the same way the moment pressure shows up."
How many times have you told yourself one more tweak to the system and you'll finally be there? Be honest with yourself on this one.
"The finish line keeps moving because the wound is not in the strategy. The wound is in the man. If you are trading from lack, no amount of money will make you whole. If you are trading from desperation, no system will bring you peace. If you are trading because you need the market to validate your worth, the market will eventually humiliate you."
The early dip got bought today, but the rally didn't hold. $SPY gapped down, bounced to 763.47 by 10:00 AM CT, then faded all afternoon. It closed weak-ish at 759.91, down 0.53%. $QQQ ran up to 709.30 and faded too, finishing almost flat at 704.39.
The 30-day picture is getting worse. Over the last 10 sessions only 1 of 5 weak SPY opens got bought, and QQQ faded half of its gap-ups. Cybersecurity led today: $CRWD rose 8%, $PANW 7.4% and $ZS 6.8%. $BE fell 11.2%.
Monday, $VZ reports before the open, and $CDNS, $NUE, $WELL and $PSA report after the close. My calendar source doesn't have next week's economic releases yet, so check Monday's macro calendar yourself.
Had a trade go against you this week? Go back and listen to how you talked about it afterward.
"Trading exposes the same illusion almost immediately. Listen to the language we use when a trade goes against us. The market stopped us out. It shook us out. It trapped us. It punished us. We turn price into an adversary because the ego still experiences itself as something separate from the environment it chose to enter. Price did not betray us. Price moved. Everything after that was interpretation."
"The system studies what holds us. Then it gives us more of it. That is not merely technology manipulating behavior. Technology is imitating a law that consciousness has always obeyed. The field registers attention as preference. Preference becomes instruction. Instruction becomes pattern. Pattern becomes experience."
jfdi.substack.com/p/attentio…
Nicholas retweeted
Market Hours #211 🎙️ $SPX has been stuck at 7741 for 11 weeks. GP lays out his full $SNAP thesis, the AI chip playbook ($NVDA $AVGO $AMD), the SpaceX cup & handle, and why 87K is $BTC's next pivot.
@gpaisa7 @mrholdingbags
fearlessnotreckless.com/mark…
"The body is the most honest instrument a man possesses; it registers truth faster than thought; contraction is not weakness; it is information; expansion is not excitement; it is coherence; the soul speaks through these signals long before it forms words; a man who learns to listen somatically stops being manipulated by mental narratives; he learns to pause instead of react; he learns that urgency is rarely a signal of truth; pressure is rarely a signal of destiny; the soul does not rush because what is aligned does not fear time; if something disappears when you stop chasing it, it was never anchored in truth; the ego hates this realization because it relies on momentum; the soul remains unchanged by it because it is stable across time."
jfdi.substack.com/p/the-quie…
Weakness didn't get bought today. Both gapped down, made their highs at 9:00 AM CT, and bled lower all afternoon with only a small bounce in the last hour. $SPY closed mid-range at 763.99, down 1.18%. $QQQ closed weak at 704.59, down 2.84%. Semis and megacaps did the damage: $AMD fell 8.1%, META 7.0% and MU 6.3%.
The 30-day read hasn't changed, but it's getting stronger. Weak opens still aren't getting bought, and strong opens are holding. Over the last 10 sessions, gap-downs got bought only 25% of the time on SPY and 29% on QQQ.
Tomorrow the Flash PMIs come out at 8:45 AM CT, and UMich sentiment follows at 9:00 AM CT. $AXP, $SLB and $INFY report before the open.
"This does not require us to romanticize pain or pretend that every loss contains some hidden gift. It only asks us to recognize that uncertainty contains more than danger. It contains possibility. The same unknown future that frightens us is the only place from which anything truly new can arrive. If tomorrow were completely controllable, it could contain nothing we had not already imagined today. That is the paradox buried inside the second veil. We spend enormous amounts of energy trying to eliminate the very uncertainty from which transformation becomes possible."
jfdi.substack.com/p/the-seco…
Trading exposes this brutally because the market gives us a number at the end of the day and leaves the ego to decide what that number means. When worth becomes entangled with performance, the account stops being an account. It becomes a scoreboard for the self. Winning makes us feel intelligent, disciplined, capable. Losing threatens far more than capital. It threatens the identity we were trying to secure through winning.
jfdi.substack.com/p/the-four…
Market Hours #211 🎙️ $SPX has been stuck at 7741 for 11 weeks. GP lays out his full $SNAP thesis, the AI chip playbook ($NVDA $AVGO $AMD), the SpaceX cup & handle, and why 87K is $BTC's next pivot.
@gpaisa7 @mrholdingbags
fearlessnotreckless.com/mark…