From Jason Momoa’s Instagram Account
And last night from Harley Davidson’s X account
Paid Episode 48
Free Episode 35
You have likely lost more on 1 trade this year than my annual $240 subscription. Not upgrading could be costing you each day. Testimonials can be found here
One Example:
“Thanks for consistent, quality content. It’s educational and has paid for itself several times over.
Even though I don’t actively trade, there’s so much usefulness in the daily podcast for navigating the bigger picture for my 401(k) and IRA. Often you touch on factors that will impact my clients at my day job, so it’s useful there too.
Finally, and perhaps most importantly, there’s a “Zen and the art of” quality to your world. it’s educational, elucidating, and exists at the intersection of theory and practice. Thoughtful and worthwhile!" - Will (Paying Subscriber)
Follow me on Substack Notes
Podcast Available on Spotify | Apple | Amazon
Save this spreadsheet or memorize it
Summary of the day
Nothing is new on Wall Street. And
has been one of my favorite Substacks that confirmed this. You will need to be a paid subscriber to his Substack to read the below post but it is GOLD. If you can’t afford it, well you will lose more money trying to save it by not subscribing.
And a self plug
I. Sensual Desire
On your journey, after just 1 mile, you see a beautiful restaurant stocked with your favorite foods and drink. When this temptation is so strong you don’t want to leave anymore, it has become a seduction.
Personal: I used to waste money on expensive cars and watches in my early 30s.
Trading: chasing momentum or listening to sexy narratives.
II. Ill Will / Aversion
State of mind from negative emotions that prevents progress
Personal: So many people around me talk about politics and there seems to be no middle anymore. I used to become very frustrated speaking to my friends and family members who push their views so hard on me and others. But now I have accepted the narrative as the wind or rain. Whether I was alive or not, they would still feel this way and say the things they do. It is not happening to me. It is simply happening.
Trading: META. While I hate this company I made a 3x trade early on when it was $FB. But afterwards I shunned the stock, potentially missing other profitable trades
III. Dullness / Heaviness
Heaviness of body or dullness of the mind. Non motivation. Lack of energy. Can lead to depression and self imprisonment. Hard to make physical or mental action.
Personal: I have built a long successful career. I am very comfortable. Do I really want to unplug from the W2 workforce? Can I succeed on my own? Should I stay and be safe?
Trading: Sometimes I become clouded in thinking and forget to disconnect and take a break. There are now times where I can go weeks without looking at the markets and not have anxiety.
IV. Restlessness
Your mind cannot settle in the present moment. Worrying about the future. Traveling into the past. Also known as the Monkey Mind.
The problem is there is no more time to see clearly anymore
Personal: I know this is happening when I cannot fall asleep well. I have found that my mind can become hyper active. But thankfully my yoga practice and fitness are great tools to re-center me into the present. Breathing the right now. Exhaling the right now.
Trading: Consuming too much narrative, too much content regarding stocks and economy can cause restlessness and lack of clarity for me. I try not to consume too much content on the week days. The fact I have no time to consume content, as I create content daily and trade helps tremendously.
V. Skeptical Doubt
What if this. What if that. When there is too much doubt most people will stop from moving on.
Personal: I don’t have a Substack logo. What if I begin a Substack and no one reads it? I don’t have a podcast logo. I have never created a podcast. I don’t have intro music. What if no one values my work?
Trading: That trade didn’t work. I was wrong. I am horrible at this. I should stop. The next trade won’t work again
Overcoming the 5 Hindrances
Just Let it R.A.I.N
How do you prevent those hindrances from arising?
Each of these hindrances are placing a dark cloud on your mind.
Recognize: What state of mind are you in?
Accept: Learn to Accept this without judgement.
Investigate: your emotional and mental state and ask yourself questions. Why did this come up? Often you will find it is simply happening. Not happening to you.
Non Identification: I am not the body. I am not the mind. I am not my emotions. It’s just that I can see all these three aspects about me.
All of our lives are too unique to copy the paths of someone else. To bring meaning and value to your life, you must go on the journey to master yourself.
Breadth
677 new highs
103 new lows
Nasdaq New Highs/Lows 71 Highs vs 35 Lows
31% advancing 65% declining
36% below 50 day ma
35% below the 200 day ma
Stuck out
Strong
Weak
What to watch
Watch mag 7
Watch yields
Credit card delinquency rate (1991-Present)
Whether you subscribe for free or paid, you will gain value and ability over time to see stock market price movement in a way Wall St does not want you to see.
At the very least, improve your own education so you can grade your financial advisors homework and performance!
