Today’s Wrap Up: Everyone is a Loser

If you’re trying to catch day trades or market time high beta stocks, you landed on green today and the house stole all of your money. In my experience, market’s like this are dangerous. A few mega-cap names mask the hurt underneath, leading to a false sense of optimism. Shares of AAPL, BIIB, GILD, PANW, AMZN trend higher and everyone thinks the coast is clear again.

If you looked under the hood, you’d learn that just 53% of stocks were higher today. A wide swath of names were pummeled into the fucking rocks, bashing brains in and leaving stock brokers strewn out across the dirt to be run over by monster trucks.

This shit is far from over. We need conclusion. We need some sort of news driven event to cast away the demons and scare the shit out of the bears. We need to ruin them.

Keep your margins in line and don’t speculate with all of your money at once. Odds are your first purchase will be wrong. If you go all in on an initial purchase, you become a “weak hand”, who will be flattened the fuck out on the first sign of weakness. But if you’re buying in small increments, you can somehow average your way out into a profitable position, barring some sort of catastrophe.

Offering specific stock ideas is somewhat meaningless today. I think you should focus on structure and how to deal with this whipsaw action first.

Have a look at our Exodus video and sign up now, else face death.

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