8/24 Nearing Victory for the Tribe
Battle Drums us Forward with a Correct Thesis
Index
I. Forward
II. Reflection
III. Markets
IV. Analysis and Commentary
Forward
I said keep cash ready with yesterdays report, still expecting more downside. Something just was not right in the markets. It turns out the ole wiz’s gut was right, and we were able to make some really quick plays off the open.
SPY 0.00%↑ - SPY 444>439, 5 dollar move
AMD 0.00%↑ - AMD 109>101, 8 dollar move
META 0.00%↑ - META 295>289, 6 dollar move
Easy scalps, easy 100%+ plays. The thesis is working extremely well for us, and that’s just WIZ BIZ BABYY!!
Our patience from a dry week waiting to get in our strategic position paid handsomely! I said be patient from the start of the week, the set ups weren’t great, and look at how the market has rewarded us.
Dunking on these suckers.
More to come now with Jackson Hole tomorrow, and an unexpected turn for the market, let’s get into it!
I also take serious pride in this being an affordable educational site. I am adding a veteran discount on top of adding student discounts to subscriptions.
VETERAN DISCOUNTS FOR WIZ SUBSTACK (need a vmail.vet address)
STUDENT DISCOUNTS for WIZ SUBSTACK (need an educational institution address)
If you enjoy the stack, make sure to like this post, restack, retweet, subscribe to the tribe. It goes a long way and I think 95% of those that upgrade will say they’ve seen their trading improve incredibly. But enough of the biz, let’s get down to wiz.
Reflection
I think that starting with basic gratitude each day for your life will change it tremendously. It helps reduce your own expectations and increase happiness.
You should start each day reciting a thank you to whatever your belief is, that the universe has returned your soul for one more day to do good.
Thank the universe for allowing the sun to rise again.
That it for allowing water to be so delicious.
Start with the default mindset of I’m just lucky to be here and be alive, and repeat it at the start of each morning.
That is why we say mantras like green is green.
We repeat it to our brain so that it becomes a habitual thought pattern.
Repeat it over and over, even if you don’t believe it at first, you will be surprised how quickly you do start to believe it and how quickly it changes your life.
I say each morning.
Thank you Universe for returning my soul from the dust for one more day to do good. Thank you for the sun as it rises again. Thank you for my life, and my opportunity today.
3 simples sentences and you can repeat it as many times as you want or just simply say it once.
I challenge you to try it and to see how much you grow.
Markets
I pointed out some cracks that didn’t quite make sense to me in yesterday’s post. I think that when you’ve traded for a while you start to collect memory banks of similar set ups and they almost become like muscle memory, and your gut begins to speak to you.