What to do when you get waaayyy more than you bargained for

Special Weekend Edition

A question for you:

Have you ever agreed to help someone out and ended up doing waaayyyy more than you thought you would?

Yeah, that was me yesterday.

See, I had agreed to pick my dad up from the airport. He’s been away for a couple weeks and didn’t want to pay for an Uber or for long term parking.

Fair enough.

His flight was supposed to get in around 9 pm, I’d pick him up, take him to his house and that would be that. No big deal, I usually go to bed around 10:30 anyway.

But ... oh noooo ... airline troubles.

A delay on the first flight, a cancellation on the connecting flight, a reroute of the new connecting flight, and then a special third flight had him landing in Tulsa about 1:20 this morning.

That was NOT what I had signed up for. 🤣

Trading can go a similar way. You think you’re signing up for a nice, easy trade where all your dreams about the idea will work out perfectly ... except after you get in it takes a big ol’ course correction, moving in crazy ways, and whiplashing you around before you finally either end the trade for your own sanity or it somehow recovers and works out.

... erm, not that I’ve ever had that problem before 👀

Regardless, if trading was all math & logic, it probably would work out perfectly. But because it’s driven most by emotion -- especially the emotion of panicking buyers & sellers -- the best way I’ve found to win is by being patient.

Underwhelming advice, but valuable nonetheless.

Comments: The indexes closed slightly green with Bitcoin pulling back yesterday. The week was pretty flat overall. Typical summer doldrums. Next week’s Fed meeting and Economic reports could add some spice to the indexes.

In the Premium subscriber section below, I go over more detailed thoughts on where I think the market is headed next week.

We ended the week within one tick of where we started. This is a bit of a trading range on the Fear and Greed Index. Probably foreshadowing a later pullback of sorts when folks go on that last vacation of the summer.

There's a new dynamic in the housing market that both buyers and sellers are fueling.

Yahoo Finance

Yahoo Finance

Why it matters…

Both of these articles have some influence on the Fed meeting this week and their decision to cut interest rates or not.  The housing market is a bit stagnant, but with summer waning, any interest cut would probably be too little, too late to meaningfully stimulate it.  

The earnings are coming back fairly strong which indicates that the April tariff “freak-out” was not a good reason for the Fed to hold-off on interest rate declines.

It looks to me like the press is trying to pressure the Fed to do what the President wants. (I don’t think they will lower rates this week, but if they did, “Oh Mamma!” would the markets love it.)

Real Trades:

Two real trades this week bringing an average Return on Risk (ROR) of 1.57%.

Sample Trades:

Four sample trade ideas, also showing a possible average ROR of 1.57%.

If you’re doing the math at home, that should be 124.91% in annual returns. Of course not every week will do those kinds of numbers, but it’s the best system I know of for making money without a ton of work.

If you want details on those trades -- including the actual tickers themselves -- they’re available for the Premium subscribers.

Because it’s Saturday, Premium subscribers also get the Special Weekend Edition, including: