Frost Junior, Trading Psychology and Biden Jun 12, 2019 View in Browser Your daily source for trading strategies, tech news, and politically incorrect humor. Fellow eMBers, Frost Junior asked me to
Your daily source for trading strategies, tech news, and politically incorrect humor.
Frost Junior asked me to play him a song.
I had no idea what to expect (he’s in lower school).
I thought it would be a cute kid’s song.
But I was wrong…
The song is called “Rolex”. And it’s a rap song…
The lyrics go something like this…
“I just wanna Rollie Rollie Rollie…
My Rolly don’t tick tock, it just glide
Keep staring at it and you might go blind”
I think he got that from school. I wonder what he’s doing there every day…
His birthday is coming up in a few months…
And I really hope he forgets all about the song by then.
Here is the song if you’re curious… it’s not my style.
INVESTOR INSIGHTS – Trading Psychology
S&P opened higher yesterday morning. And then reversed its gains.
But I didn’t see heavy selling. And I expect more choppiness ahead.
Yesterday, I talked about buying VIX (volatility index) calls. And I picked up some.
I’ll let you know how it plays out.
Now let’s talk about trader psychology.
When I first started trading, I wanted to trade every stock.
It was mentally exhausting. It wasn’t systematic. And I ended up missing the important trades.
Each day I battled against fear of missing out, greed, envy and a plethora of other anxieties.
I saw other traders make a lot of money.
Instagram, Facebook, Twitter… everywhere you look.
And for a second, I believed it’s possible.
Without any hard work or discipline.
I took the Blue Pill…
And there’s nothing wrong with that. It’s what the 99% choose to do every day.
It doesn’t work. And I learned the hard way.
It took me a long time to become consistent. And generate nice side income.
But if you’re willing to put the time in, the rewards will be DRAMATIC.
I have an idea for you. But it would not be free like Morning Bullets.
Here it is.
WARNING: This is NOT another get rich quick scheme.
This is a proposition about getting-rich-slowly, not fast.
It’s about thinking for the long-term, not making short-term decisions like politicians for quick gains now.
I monitor roughly a dozen traders who give trade recommendations.
And I created a system. It allows me to sift through all their trades. And pick the winners majority of the time. More often than the individual traders.
It would cost you $20k+ to get access to all these traders.
But what if I created a service. And it would give you the best of the best trades. Every week.
Trades that would help you generate side income for travel and fun with your family.
Would you be interested?
Yes or No
YOUR SILICON VALLEY (LIBERAL) OVERLORDS
Zuckerberg gets Deepfaked?
Vice spotted a video posted on Instagram.
I read it was created using “deepfake” technology.
And it reveals the truth about Facebook and who really owns the future…
What does it say?
Watch it here or click the image
It looks real…
It’s crazy to see what’s possible these days…
TRUMP DERANGEMENT SYNDROME
Former Vice President Joe Biden made a new campaign promise.
He said: If I’m elected president you’re gonna see the single most important thing that changes America, we’re gonna cure cancer.”
Noble idea. And I hope we do cure cancer.
But imagine what would happen if President Trump said that.
These would be the headlines:
“Trump puts thousands of health care workers out of work.”
Back to Biden.
He said “only if I I’m elected”.
Will he keep the cure to himself if he doesn’t?
Read more here
Small business optimism is soaring.
It hit its seven-month high in May.
The National Federation of Independent Business said they see improved views of the economy, employment, capital outlays and sales.
And nearly 75% of small businesses reported hiring in May.
Read more here
CRAZY-INTERESTING OR RIDICULOUSLY-WEIRD
Thanks for submitting your votes.
And the answer is…. drumroll… $1m.
It would cost $1m for a civilian to visit the International Space Station.
Now let’s take at look at today’s picture.
This is what you do if you are the best man at a wedding in the Caribbean…
Crazy or Weird
ADDITIONAL READING AND RESOURCES (ARR)
I can’t get into all the news and interesting information out there in this one email, so what you’ll find here are articles, presentations, and resources I’m digging into and believe you should as well.
My favorite trader is Jeff Clark. He was a professional money manager before he retired at 42. He’s been writing about trading for over 15 years now. And I learned a lot from him about options and short term trading.
In my humble (but accurate) opinion, he’s one of the best.
He has a pretty expensive trading service ($2,500 per year) that I subscribe to.
But now he FINALLY has something for beginners.
Service that removes the complexity from trading. And trades only options on 3 stocks.
Check it out here:
The 3-Stock Retirement Blueprint
Your biggest fan,
P.S. We’d love your opinion.
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