Podcast EP 51 Be Still Amidst a Rough Sea of Emotions (Sep 18)
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Show Notes

Summary of the day

This will be a short episode as the world waits for fed rate ramblings on Wed.

But I do want to share with you this clip which resonates with me so much as a trader.

When you hear systems or books or gurus say you need to resolve yourself of all emotions and trade like a robot, that is almost impossible to do. It is much more plausible to be objective with your own emotions, but to do that in trading you must have the time and space to think and master yourself. All while you navigate down river in your boat in a sea of other traders emotions.

Breadth

• 102 new highs

• 376 new lows

• 37% advancing 57% declining

• 71% below 50 day ma

Stuck out

Yields remain elevated

S&P500 is still hanging out just underneath the 50 day

Oil prices matter.

look at the Airlines

SAVE -2.9%

ALK -1.49

HA -2.64

LUV -2%

JBLU -5.84

AAL - 1.58%

UAL - 2.28%

DAL -2.51%

Strong

AFRM 2.63%

LEN 2%

SNPS 1.7%

Weak

JBLU -5.63%

SHOP -4.6%

ARM -4.53%

LYFT -4%

KRUS -3.84

TSLA -3.32%

CAVA -2.99%

SQ -2.99%

DAL -2.53%

ROKU -2.45%

What to watch

FED rate decision Wed 2pm

Watch yields

Watch oil

Economic data

https://www.marketwatch.com/economy-politics/calendar)  This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit nyugrad.substack.com/subscribe)