“If you don’t know who you are, the stock market is an expensive place to find out.”
If you were a small fish, how comfortable would you be swimming with sharks?
Probably not very comfortable.
But if you were a remora fish, then the sharks are your meal-ticket.
They have a special relationship with sharks. The sharks do the hunting and the remoras pick off the scraps & clean the sharks.
It’s a mutually beneficial relationship.
Now, it’s not a perfect metaphor for trading, but we do often call the big money professionals in the trading world “sharks.” For us small, retail traders, swimming with these sharks can be dangerous. These sharks eat by gobbling up other traders ... erm, metaphorically.
I don’t want to fight the sharks, but I’m happy being a little remora.
I’ll see where the sharks are hunting, pick off the scraps, and be on my way.
Those sharks won’t even notice I’m around and the trading system I use is so safe that I don’t worry about being hunted.
I know that’s a little fishy to start your day, but it’s really the image that came to mind when I read that George Goodman quote.
...
Just keep swimming. Just keep swimming.
Today’s Macro Headlines (Source: Yahoo Finance)
CEO Mary Barra thanked Trump for Friday's 'important tariff updates' seen as making US automakers more competitive.
Yahoo Finance
Why it matters …
From the article …
“”I also want to thank the President and his team for the important tariff updates they made on Friday," she added. "The MSRP offset program will help make U.S.-produced vehicles more competitive over the next five years, and GM is very well positioned as we invest to increase our already significant domestic sourcing and manufacturing footprint.””
That was a quote from GM CEO Mary Barra. So the tariffs aren’t going to send us into a recession? The sky isn’t falling? U.S. companies may actually benefit from “Fair Trade?” Now, that is news! ha
Index Snapshot
See the Legend in the footer below
Comments: It looks like stocks may take a breather today from yesterday’s green eruption. They are sideways today at the start. Earnings and outlooks are skewed overwhelmingly positive so far. If this continues, buckle up! It should be a pretty nice ride to the end of the year. Don’t alter your trading plan. I may take a little more aggressive (higher premium, higher delta) positions, but we cannot get greedy … “pigs get slaughtered!”
Stock Spotlight (Premium subscribers only)
My Bravo scan picked up a trade idea with a 1.03% return on risk into this Friday’s expiration.
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