Louis

Added back a new position in $ARM today. I swung $ARM last week into this week and got stopped Monday for a tiny L, then re-entered today right at LOD after seeing buyers aggressively defend the 21EMA. Ended up catching basically the LOD on the move, and my $ARM 250c 18 Jun contracts ran +70% intraday, allowing me to get 2 trims off into the close with 1 month till expiration. At the same time, I swung my $ASTS 90c 18 Jun calls overnight and got stopped this morning for roughly -10%. This is exactly how I think trading should work. Small losses are genuinely my only focus as a trader. The upside takes care of itself over time because my entire approach revolves around trading relative strength leaders with asymmetric entries and tight invalidation levels. If I can consistently keep losses small while positioning in the strongest names/themes, eventually one winner can completely erase multiple failed attempts. Today $ARM alone paid for ~7x my loss on $ASTS. Now I’m sitting deep in cushion while the market closed strong into EOD. Subscribers and TOC members saw all of this happen live in real time in front of thousands. This is my process every single day: 1) manage downside aggressively 2) focus on leadership 3) let my winners run Repeatable and simple.

If you’re trying to hold winners longer, you’d probably improve dramatically by getting off the 1min chart. Hard to catch a multi-week move when you’re emotionally reacting to every 17cent pullback like it’s back in Oct. 2008. > 15/30/65min & daily + weekly. All you need.

BREAKING: The Justice Department announced a $1.8 billion fund to pay President Trump’s allies as part of its settlement with the IRS, per NYT