Aug. 14 at 9:16 PM
Crazy week. No matter how long you've been trading (30 years for me), there's always something to learn.
I was humbled by Mr. Market this week after going overboard on earnings predictions and getting burned. I had been red-hot for months, but all good things come to an end.
Luckily, I made up for those losses with big plays on
$MU,
$SNDK, and
$DRAM. Wednesday's alert that we put out for SanDisk's Investor Day helped deliver massive returns, helping offset the earnings losses. Micron was amazing for us as well, but I think its big breakout moment above
$1K will happen early next week.
The biggest lesson: in this AI and options-driven market, you can be dead right on an earnings report prediction and still be dead wrong on the stock reaction. Simply getting the numbers right isn't enough when positioning mechanics take over.
You also have to throw traditional chart trading out the window. AI reads charts better than you do, and you won't beat it at its own game. With both institutions and retail traders leaning on AI tools, that algorithmic power is driving insane day-to-day volatility in individual stocks.
Despite that chaos under the surface, capital keeps flowing in because people want to stay invested. That constant flood of money is why
$SPY and
$QQQ keep grinding higher each week, regardless of the crazy swings in individual names.
Big shout-out to our newest followers. See you on Monday! 🎯
