NCAA Champion🏆Love Tastytrade 🍒Managing Director for Bear Stearns managing the BSC Stock Index futures execution desk on the Chicago Mercantile Exchange .🍒
Be careful- this is NOT good price action and will be blunt - I don’t know nor will ever know everyone’s experience but I was on the floor and ran the SP 500 desk - it’s not the type of price action you desire and it does not matter who is right or wrong - it’s sloppy PA.
@MomAngtrades
Quote of the Day
"If a market doesn’t respond to important news in the way that it should, it is telling you something very important."
- Larry Hite
Didn’t expect so many responses-Even received one asking how was Bear Stearns doing - So this leads to my point- Be careful with PA and for those who have read the book below - the market is never wrong but it will teach and humble. Been there done that 😎
Bravo
@TheChartReport
Quote of the Day
"The day that you experience absolutely no emotion as you are stopped out of a properly managed losing trade is the day you gain the potential to become wildly successful in the markets."
- Jay Kaeppel
“Going Higher they said”
@Handelstats
@MrTopStep
@paxtrader777
That’s pretty good company and they made it here - you know when he came on the floor the market went ⬆️🏀🏆🏆🏆🏆🏆🏆
So I am hearing the Fed is going to cut rates - this would tell the markets (attorney JP) we have no F clue how to manage this and we are running for cover - the market would ⬆️- Then good luck Charlie 🔥🔥🔥⬇️⬇️⬇️
@Dcpcooks
Love this - A clerk once told me when I asked why he was the best candidate for the trading desk he told me “ My father died when I was 9 …I got a job and worked all the way through attending Purdue…there is nothing here that will stop me”. Hired 30 years in the business.
If you want to invest - invest in the children- the young boy is 7 years old and escaped Ukraine 🇺🇦 with family and is now training with my team - He smiles - is so Happy to play the game he loves 🇺🇦✝️⚽️
@paxtrader777
Yes money is being re-allocated via source and everyone was waiting for a great report NVDA paid and unless you own it the market turned - Its not that big of a break and the market has to keep everyone honest -too many easy money trades.
Where else can you have
@MrTopStep
@AnthonyCrudele
@paxtrader777
take you through a day like this.
Coaching Points:
1. I saw them first hand work.
2. I know the environment they worked in.
3. Different pits and jobs.
4. Can’t teach their feel.
I have seen the movie (2000) it will continue to punish shorts and the end will be epic - All shorts are correct they are just early - “BEING RIGHT AND EARLY IS PAINFUL…ITS HOW IT WORKS”. Banks are Fine just like BSC - ML-LB we’re fine 😎
I watched first hand the evolution of their careers -
"AS HARD AS YOU THINK IT IS...YOU WILL WISH IT WAS THAT EASY"…First words said to a 21 year old walking past the T-Bill pit on my first day -
@MrTopStep
@paxtrader777
@WOLF_Financial
@mommavestor
@paxtrader777
Pax, was in and out today morning on
@WOLF_Financial
spaces. You and
@MrTopStep
, the real life examples/scenarios in the Pits were great. Gonna search for the recording and listen to it start to finish. The learning from such examples in always underrated in any profession. Thx!
@Dcpcooks
success is perishable and is often outside our control... If you strive for excellence, you will probably be successful eventually... people who put excellence in first place have the patience to end up with success...
You can prepare all you want for the
#FOMC
today, but the money is made by watching how the market reacts after the announcement, not what you think will happen leading up to it.
I just spent an hour on the phone with
@Handelstats
- you have to check out his platform- I cannot express in words how spending 20-30 years on a trading floor the feel and edge you have - ask
@MrTopStep
@paxtrader777
@AnthonyCrudele
ect the conversation was priceless
I will be clear
@ElaineBenes99
is now my favorite woman on Wall Street because she just told
@mommavestor
“he’s a deep reliever not a middle reliever” 💙💙 Let’s Go Metz
If you want to play the opening range trade that
@marketminute
spoke to today tonight’s NQ-ES-RTY are set up for it
@WOLF_Financial
spaces can take you through it from this morning’s Futures spaces
@Dcpcooks
An additional burden for the victim of the success mentality is that he/she is threatened by the success of others and resents real excellence. In contrast, the person fascinated by quality is excited when he/she sees it in others.
@Dcpcooks
Nice job - Success and Excellence
There are many people, particularly in sports, who think that success and excellence are the same thing and they are not the same thing. Excellence is something that is lasting and dependable and largely within a person's control. In contrast,
@Handelstats
A week ago I called Rich and asked him to take me through his system and after spending at least six hours on the phone his final input after last weeks rally he said - “The real rally is next week - this is just the set up” - Fact - Truth
#floortrained
#itrustthem
Okay Barbie! Impressive numbers. 💰
Saw the movie last weekend, I give it a 7 or 8 out of 10, definitely entertaining and I was not a
#barbie
fan growing up.
#BarbieMovie
I would see it again as well:)
As I said you are in a Bubble - seen it - worked through it - it can go higher and higher- be careful out there - the ending is a brutal and it will come - BEING RIGHT EARLY IS WRONG 😑
@MomAngtrades
Remember for those that see you as a target as they don't live in strength but in weakness-"NO ONE IS USELESS THEY CAN ALWAYS SERVE AS A BAD EXAMPLE" Cliff McCrath-5 Time NCAA Champion and my coach. They don't follow the walk and NEVER WILL. Their WEAKNESS is who they are.
From someone that worked in the business- worked on an exchange-if you are trading the firms money you have to hedge - the committees meet every day and go over risk management- interesting that so many who NEVER worked in the business treat it like being a serial entrepreneur 😆
@paxtrader777
Listen to a interview with Chris Martin (Coldplay) on Howard Stern - He was put in the class below the “potential greats” in music school- His teacher said “I think you have the GIFT “🎁 🎹🎼All it takes is one person to change the outcome!!! I love what you wrote INSPIRING
Another thing I do is find a local Catholic Church in a small community and attend - Prayers for family - teams - and every trader ✝️ Have a Blessed Week ⬇️⬆️⬆️
“The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The Intelligent Investor is a realist who sells to optimists and buys from pessimists.”
Why do people on Twitter get upset when someone says buy or sell - Managed a trading desk for 20 years - don’t ever remember a trade going through or “filled” without the opposite side -? Our tickets had Buy/Sell on them -Some are LT some are ST - Both can be right and right🎯