Market News 9-5-23

News You Can Trade 📰

More competition for Tesla. It’s a BIG one.

Six trade ideas for artificial intelligence

Analysis: Important reasons to be bullish

Video: Warren Buffett’s Value Investing Formula

The Market 📈

August was not easy. But it sure handed us a gift to clean up the stressful month.

The stock market could have you head spinning the last three weeks as we went from bullish, to confirmed bearish, to rocketing higher back into bullish territory.

Until I see market leaders leading, my position size remains a little lighter on initial entries. We’re seeing “lower tier” stocks rally, and rally hard (#AFRM) which means that valuations on the upper level stocks might be priced just right. 

So fund managers are seeking alpha elsewhere.

Last week’s rally was a surprise, but with our tape reading roadmap the bullish momentum made the month for many traders.

Congratulations to Aaron for managing risk and keeping himself in the game. That’s what real traders do. If you believe that trading is all sunshine and rainbows you’re mistaken. 

There’s a reason there’s big rewards. It’s because the trading Gods make you work for it. And those who refuse to quit, who ask good questions, are finally given the key.

Trading success is simple. Manage risk while you’re learning to manage the winners. Managing risk is easy, that’s 100% on you from day one. Managing the winners takes guts because you’re afraid the small win will be taken from you.

It’s pretty simple but most traders don’t have the patience to learn, or have no discipline for the losers.

You now have the path. The rest is up to you.

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