Marc Chase

@howtoswingtrade Really bad. I think in the beginning it might be excusable, but should near top of the list of bad habits to break once you're dialed in a little better.

@Chart_School A lot of really bad advice thrown around that's burned into traders and investors brains that ends up costing them thousands? Hundreds of thousands? Millions? In profits over a lifetime. Bad bad bad!

There's a lot of truth in what @howtoswingtrade is saying and it's costing most traders a lot of money. but there's a caveat. One of the most damaging ideas passed around trading for decades are quotes like "don't be greedy", "take profits early", or "you'll never go broke taking profits". It sounds smart, it sounds disciplined, but taken too far it's one of the most expensive platitudes out there. If you survive this game long enough, you're probably going to realize most of your trades aren't home runs. They're base hits. Some go nowhere, a few are small losses (hopefully small). That's the reality. Your real money... the kind that moves the needle for the year, comes from a handful of home runs. If you keep cutting those off because you "don't want to be greedy", you're going force home runs to become base hits. You end up with a P&L full of "decent" trades that never add up to anything. All the stress of trading without the payoff to justify it. Now the caveat. This isn't one-size-fits-all. Your age, goals, and financial situation all matter. For me, I'm about five months from retirement. Wife and I are in a good spot. Our savings, emergency fund, all of inline. It'd be foolish for me to swing for the fences right now. But if I can pull 20% here and there consistently, that's perfect. That's another month or two I don't have to touch retirement money. Same game, different objective. The mistake isn't taking profits. The mistake is taking them early because of some lazy trading quote and not because your system told you to.

@howtoswingtrade @BeardoTrader I thought the same thing as soon as I watched him do that. I literally have no clue what some of the companies i buy do. He got caught off guard... happens.

@BeardoTrader I legitimately do not know most beyond sector and industry. And unlike Minervini choking on live TV when asked about UPST, I’m happy to say I don’t care or need to know. 😅

If you don't know what half the companies in your portfolio do, it means you’re on the cutting edge of innovation. Don't doubt yourself, you're smarter than you think.

I've spent the last 3 months back testing market signals. Not setups. Not indicators or "trading systems". ...but Macro, capital flows, breadth, trend, and momentum. What we found wasn’t what we expected... not even close The “obvious” signals didn’t lead. In many cases, they were closer to contrarian. One signal we thought would dominate had almost no edge. Another we barely focused on… ended up being the strongest signal in every test. It dominated in total returns, draw downs, and failures in every single test. Goes to show you... follow the data. Not your intuition.

When i was a little kid, I jumped off our roof with an umbrella. Pretty much the same thing.

I love this, and it doesn’t surprise me one bit. I think a lot of people miss simpler times. I wouldn’t be surprised if #Blockbuster made a comeback and VCRs came with it. Not because it’s more convenient... but because it’s fun to revisit those simpler times, even if it’s just for an hour or two. ... looking at you old-school arcades.

@HostileCharts I dunno, man. $MEH looks a little choppy 😭

Ripped through a lot of charts last night and today. My takeaway....Meh.....

Two camps debating each other right now. One side: "Mega caps are carrying the market. Crash coming." Other side: "No Dummy, that's just how cap-weighted indexes work." Both got a point, but neither argument is complete IMO Narrow leadership typically shows up at the start of a cycle AND at the end. Both stages look identical on the chart. But have completely different meanings. Early cycle: money's getting bid into the biggest names first, before it expands outward. Late cycle: money's leaving underneath. Leaders are the last ones holding the bag. The chart can’t tell you which one you’re in, they look identical... But capital flows can. Money moves from sector to industry to stock. And the same is true in reverse. And that's why it's important to look at the big picture.

@howtoswingtrade You've had a few big ones lately. Congrats, man.

Taking profits on our Flow Trade in STMicroelectronics $STM Opened Feb 11, took profits at 200% in April, taking profits today at over 1,000%. Third 1,000% Flow Trade this year ( $XOM, $INTC ). Last 25% still on as it looks to break out into all-time highs. Potential roll candidate if it calms down over next 30 days. People who can't sit still won't ever make any money in the markets. Money is in the waiting. All Flow Trades target 3-6 months out. Entries, stops and take profits sent out as they're hit. More info here: join.thetradinginitiative.com/join-the-marke…

@andrewrocco1 Bro… it did crash... yesterday. Did you take the day off or what?

Remember they said the stock market would crash under Donny. Yeah, upward

@Crumb_hunter Nice. Congratulations, Brother

Results are in Clutched up with a 77.3% and passed the class So glad to be done with accounting classes for the rest of my Finance major If there was an industry that needs to be replaced by AI, it this which honestly CPA's should prefer with how much it sucks

I ask again...

@Crumb_hunter @Oh_Cee_Dee

@Oh_Cee_Dee Time to start kiwi-maxxing

I forgot to remember that I dont get sick. Some sort of flu bullshit snuck in. Wil have an easy week and remind myself.

@Crumb_hunter @1sPlaza hahahah I think she gave us each half... but I don't disagree with you.

@Chart_School I say this because I'm the self-proclaimed orange police chief on this app I'm gonna need to see more of them on your plate next time @1sPlaza

Life when you marry a Mediterranean girl. It’s a lot more filling than it looks, and though I’m not too much of a macro bro, I’m willing to bet it’s in the ballpark.

@ohiain It’s actually pretty basic stuff. I grew up on pretty typical white-boy food, so it took me a minute to get used to it, but once you do, it’s good. Easy to rotate for variety. Chicken, salads, fruits, hummus, etc

@Chart_School I had Taco Bell last night at 12:25 AM. We are not the same, haha. I need to find myself a Mediterranean wife asap!

@ohiain Thanks Ian. Not shown... my tacos and Big Mac. 😭

@Chart_School You're a lucky one, Marc!

Absolutely possible. Liquidity dries up fast during panic events. That's why i focus so heavily on monitoring changes in credit, breadth, Capital flows etc We can't predict crashes years in advance. The goal is to recognize when the evidence materially changes. Right now we have narrowing leadership and weakening participation. What I DON’T see yet is broad credit stress or full blown risk-off behavior.. That can absolutely change. If it does, the data should reflect it long before CNN starts calling it a crisis.

@Chart_School the thing is, when the market inevitably crashes again, there will be no exit (buyers). So go momo at your own risk

So much doom and gloom lately. Everyone talking about the DOT COM bubble. I’m not even going to get into comparisons because there are some very significant differences between then and now. Look, nobody knows what’s going to happen tomorrow. Iran could lob a nuke. Trump could send Delta Force to Capture Newsom, Housing could collapse. Some completely unforeseen event could hit the market overnight. There are simply too many unknowns to spend your time trying to predict every possible outcome. Here’s the one thing I am sure about: Weighing the evidence is the best any of us will ever be able to do. So what evidence is actually in front of us right now? MACRO: • HYG/IEF remains constructive. Credit markets are not flashing panic. • SPY/TLT continues to trend higher. Stocks are still favored over bonds. • QQQ/XLP remains strong. Growth continues to lead over safety. • DXY remains in a broader downtrend, which has historically been supportive for liquidity and risk assets. • EEM continues to act well, suggesting global risk appetite remains constructive. • IWM/SPY has improved recently, though broad small cap leadership still hasn’t fully returned. • Growth vs Value has improved recently as well, though leadership still remains relatively concentrated. CAPITAL FLOWS: • Capital flows remain constructive overall. • Money still appears to be concentrating into select areas of the market, particularly growth and technology. BREADTH: • Breadth has weakened underneath the surface. • Equal weight indexes continue to lag cap weighted indexes, showing that mega cap leadership is still dominating performance. • Fewer stocks are participating. • Leadership has become increasingly concentrated. To me, that does NOT scream “dot com crash tomorrow.” But it also doesn’t look like a broad, healthy expansion either. What it DOES look like is a selective market. The market itself still looks strong while the average stock looks weaker. And yes, I do expect some digestion here. We’ve run crazy hard in a very short period of time. But until the actual evidence changes, I think weighing macro, flows, breadth, sector leadership, and participation is far more useful than trying to predict the end of the world every week.

@itmrandy @Crumb_hunter 😂

@Crumb_hunter i ain't doing all of that man

I don't think anything else can top peanut butter, oats, and a granola bar for breakfast. It tastes good, it's healthy, and it's light. Quick to make and I'm pleased every time.

@itmrandy Tacos, Randy! You and @Crumb_hunter need to get your macros straight.