Bob Walker

@MarkRitchie_II Hey Mark, as a MPA client and being close to MM in age, I’d really like to thank you and Brandon. I love the way you think! You both are excellent teachers and I have gained a lot of relevant knowledge and know how learning from the MPA group. Thanks! Enjoy your weekend…

Longer post on 'IFs' and 'strategic thinking'... Most of the time I'm doing my work/analysis my co-pm and I are looking for scenario's that would get us aggressive i.e. where we ask ourselves what we think should happen with a stock/trade as knowing that ahead of time IS everything. The longer I've done this and the more I've tried to help people the more I think this is underrated. It is also why piggybacking successful traders never works because you can give someone an idea but never conviction as convictions cannot be given, they are only earned through time & experience. This is also why I think a background in sports/games is sometimes a good backdrop for trading & speculation. I didn't play much baseball but I've watched/played enough to know the best hitters (Ted Williams wrote the bible on hitting) know their zone. So when they get a favorable count then they start looking to smash the right ball in the right zone. Selective aggressive is what it's all about, PTJ used a similar analogy with boxing in the interview I reposted. I often say 'if xyz happens' I'll do 'abc' and it doesn't happen. Then people think I don't know what I'm doing because it didn't happen, which I find hilarious as I don't care (I literally had people posting/critiquing PTJ video I reposted this week, talk about arrogance and lack of respect). The point isn't about being right but knowing IF your strategic scenario plays out you are ready in real time to act/move. You don't need someone to tell you what to swing at because you are ready ahead of time. I played O-line for years and called any changes to blocking out at the line and I could usually tell based on the call we had and the front we were facing in certain scenarios if we were gonna get a first down or not. I wasn't always right but again if you know what should happen given a set of circumstances you can't predict the future perfectly but you don't need to in order to have an edge, which is what this game is all about. Here's my current working example. We've had a face ripping rally off the lows that most people seem to be hating or fading. Meanwhile there are a number of highly liquid names that have doubled in short period of time ($AAOI, $ARM, $AMKR, $BE, $AEHR, $MRVL, $INTC just to name a few). I've been screening the market every day for going on 17 years and I don't know that I've seen this many names quite like this. I'm pretty long but if this market digests and some of these names setup pivots/flags I'm gonna get scary long. That's my 'IF' scenario currently. Closest thing to this I've seen was the stay at home type stocks off the C19 lows, they all started setting up through the summer and working. Will it happen? Probably not, but if it does...I'm ready. Have a really great weekend if you read this far!

@MarkRitchie_II Good morning Mark and Brandon!

When anyone usually asks me what I think the markets going to do...I usually say 'no idea' but I have some things I'm always watching. In today's case we have a market that has been trading pretty soft this week, lots of distribution in the Nasdaq/tech. I've raised a decent bit of cash and gotten knocked out of some things but thus far pretty normal. Today we are gapping up and i want to see if these gains can hold. Worst case is they get immediately sold into across the board and we go right to new lows setting up a flush into the weekend. A relief rally for a day or two would at least be a sign that the dust may be settling on this corrective rotation. If the Russell/Dow start to give way here we probably are looking at 10%+ correction in Nasdaq and more of a reset needed both in terms of time & price(s).

@markminervini Have a great weekend Mark!

Racing the Porsche GT4RS Clubsport at Virginia International Raceway this weekend.

@markminervini Well said Mark!

Money is not evil... the love of money is. Love people, love God, love the good you can do with money. Money itself is not worthy of love... people are.

@MarkRitchie_II Well said Mark!

Confession time: I've never been to formal confession (I wasn't raised in that tradition) however I think confession itself is a VERY healthy discipline and leads to real authenticity & honesty and something I do at times with those I'm closest with. All of that aside here goes to my X followers. I struggled greatly in the early part of my career with patience. I would raise cash and often dodge the worst of the decline in equities only to get annoyed, frustrated with having to wait or worse yet fearful I'd have to wait too long for a good period and start trying to trade turns or do other stuff like shorting snap backs and trying to chip up. Remember I was a broke father of two (then four, then five) in my early days with NO other income. So some of these fears weren't completely irrational. The funny thing is I didn't lose much doing this and in fact even made $ on balance but the back & forth and uncertainty and lack of predictability would frustrate me. What @markminervini refers to as the 'risk to aggravation level' was too high and I wasn't as laser focused for the next good period because I was getting too bogged down in the back & forth. This took time, a LOT of time and something I'm still working on. Regardless of your beliefs most would agree patience is a fundamental human good. Bruce Lee said 'patience isn't being passive, it is concentrated strength.' I love that idea. St Augustine said 'patience is the companion of wisdom'. I love this even more. Lastly Paul equated love with being patient (1 Cor 13) which is probably the highest aim in life (being more like love in your very nature) at least for me. All of this to say if you are struggling with patience in your strategy in the market it is normal and the pursuit of growth is MORE valuable than you probably realize. I'm speaking to myself if no one else out there.

@markminervini Mark, Just wanted to thank you for your continued coaching and support. Very thankful to be a MPA client!

If you want to tap into your true potential as a human being, unlock the best part of you; unlock the love in you. Say the kind words that you find hard to express emotionally. Tell your family and friends how much they mean to you and how much you love them. Express kindness for no reason other than making someone else's life easier and happier. Convince someone they are not alone in this world. Inspire someone to do things they thought weren't possible. Inspire someone to believe in themselves. True success transcends money; it comes from a human experience. Always circle back to your natural state, which is love. You don't find success... you live a certain way and success finds you. 🙏😇

@markminervini React, don’t predict

What is the best trading advice you would give in just 4 words?

@PatrickWalker56 Merry Christmas Pat! Wishing you and your family peace and love! Looking forward to 2024 with the team!

May you have Peace. May you FOSTER PEACE! Let's be bold enough, wise enough, strong enough, compassionate enough, TO DO THIS! #SundayMorning #SundayMotivation

Tomorrow! 👇Register now!!

@markminervini Hi Mark, Do you mind responding with a ticker of a base failure you were tracking so that I may study? Thank you for sharing your thoughts. Means a lot to me. Take care. Bob

Market reversed off the highs and the $SPY is putting in a bearish engulfing "outside day." During a correction, it's normal for the market to start off strong and end the day weak. That's one of the signs that the correction has not yet run its course and there may be more downside to come. The real troubling action I'm seeing here is the extreme pick up in volatility in individual names (many in response to earnings). In a good number of cases we are seeing pivot failures and even full blown base failures. The market is under pressure. We are cautious in the near-term, but would look to buy a market pullback of 5-10% on the $SPY. Our long-term $SPY buy signal issued on January 13, 2023 remain in effect.

@MissionWinners Good morning Patrick!

@MissionWinners Pat, see all post! Have a good morning my friend!

@markminervini God Bless you Mark!

Quote of the day: Darkness cannot exist in the presence of light. Be kind, be honest, be authentic, be light... and you will succeed, even in the face of adversity. Never give up on or doubt a righteous path. Persist in the direction of your dreams. Best wishes to all my Twitter friends.

@MissionWinners Have a great weekend Pat! Thanks buddy for everything!

@Upticken Jim, thanks for your tribute and story today on how Bill took the time to help you. This CANSLIM community is a beautiful testament to Bill and his commitment to teaching his unrelenting optimism!

Bill was the GREATEST mentor. Always giving of his time and knowledge that got me to this station in life. I am forever grateful. Because of Bill I learned the fulfillment of teaching, almost as good as killing it in the market. Godspeed my FRIEND. youtube.com/watch?v=2StY1t…

@dryan310 Beautiful tribute today David. You are living the example given by Bill by, “paying CANSLIM knowledge and education forward”. Thanks!

Here is the tribute I gave about Bill O’Neil on IBD Live this morning. He will be missed.

@markminervini Thanks for sharing!

In my personal trading, I'm down slightly for 2023 but waiting patiently for better conditions while holding high levels of cash; exercising what I'm best at... discipline.

@MissionWinners Hi Pat! Struggling with this. Could you make a video explaining how you get fully invested so quickly. Assuming the market has to be above the 200 day and you are taking full positions? Taking 20% of full positions would take an awful lot of trades to get there??? Thanks!!!

@PatrickWalker56 Thankful for life! I’m also thankful for you and your mentoring! Have a great weekend Pat.

Take care of yourselves. YOU have to last a lifetime. Yours. Good to unwind. Go for a walk. Rest. Reflect. Think of all the GOOD you have. Health. Peace. Hope. Love. Friends. Ponder this. You can see. I was blind years ago over 2 hours. Be thankful for what you have! LIVE!

@PatrickWalker56 Pat, Sorry for your loss. Please know that you, your mom, and family have been in my prayers. God Bless you and keep you!

I Thank You for your thoughts, prayers, sentiments. Mom passed away last night. No more aches, pains, trials. Heaven is...Heaven. Amen. Off to church.