If you own a smart phone, I know exactly how to solve your #1 biggest trading problem. Read on.
This Wall Street power move made waves through the entire market
And could hand traders a golden opening as soon as Friday.
This is really important, so pay attention. People are constantly obsessed with more. More indicators, more patterns. It’s always more. I could teach a 12-year-old the patterns.
Here’s the Daily Accelerator agenda for today:
- The Big Picture: People over complicate the easy stuff and they massively underestimate the hard stuff.
- Watchlist: With all eyes toward the moon, this speculative space play is one to watch.
- On My Radar: Why Elon’s restaurant is a success, the incredible gift I gave my AI assistant Higgins, and a book that will turn you into a personal development machine.
The Big Picture
Learning the patterns is not that hard. It just takes time. Now, what no one ever seems to care about is the really hard part. The really hard part is right there.
Source: my webcam
I want you to do an experiment right now. Get your phone out, turn on the camera, reverse the camera, and take a picture. Label that picture “My Biggest Problem In Trading”.
Yep, you read that right. Take a selfie, tag it as “this is the hard part”, and set it as your lock screen. Every time you open your phone, you can look yourself in the eyes and know that’s the hard part.
Now, I repeat myself a lot. Whether it’s in Premarket Prep, my Sunday Market Briefs (free on YouTube), or my Daily Doubledown webinars. I say the same things again, and again, and again.
The reason I repeat myself so much is that the patterns are all the same.The patterns I talked about on YouTube live a year ago, are the same patterns we’re talking about today.
Hell, there’s a good chance we were talking about oil and gas stocks a year ago.
The times of day, the criteria, the box checkers… You could go back and watch videos from a year ago and most of it’s probably the same.
You know what’s really hard?
- Taking stop losses
- Not chasing
- Doing due diligence
- Writing a trade plan
- Reviewing after the fact
That’s all the hard stuff. And it’s all on you.
Patterns, brokerage accounts, that stuff is all easy. By no means is it even approaching the hard part.
My Take
The key is, there is one single differentiator between success and failure at trading. The single biggest differentiator is:
You have to be honest with yourself, and you have to get better.
I cannot stress this enough. Most people in life and in trading, never grow. They never learn. They simply stay stuck.
Watchlist
I’m sure you saw the Artemis launch and yesterday’s lunar flyby. And obviously we have the upcoming SpaceX IPO. It looks like space stocks are going to be the hot theme for a while.
Sidus Space, Inc. (NASDAQ: SIDU) is very speculative. I would only day trade this.
Source StocksToTrade, SIDU 30-day 1-min candle, space is the hot theme
That said, you could have had a solid trade on SIDU yesterday as it was a perfect example of the Red Candle Theory (RCT). If you’re not sure how to use RCT, watch the video linked below (On My Radar).
Source StocksToTrade, 2-day 5-min candle
With all eyes on the space race, add SIDU to your Space Stocks watchlist. And remember, trade the pattern, not the stock.
On My Radar
- I butcher his name but highly recommend his book: “Flow: The Psychology of Optimal Experience” by Mihaly Csikszentmihalyi
- Most traders struggle with one thing the most. This theory solves that problem.
- I gave Andrej Karpathy’s LLM Wiki to my AI agent, Higgins, 3 days ago. It’s nuts.
- Obviously, the “chargers are the main event” but don’t pay attention to ignorant Musk haters. The Tesla Diner is a success.
Have a great day.