Dude… you’re riding it, dude. Check it out! I Perch Observations #16 I November 1st
Helping traders and investors add patience to their risk management process. I Weather Reports covering futures, equity indices, stocks, bonds, commodities, currencies, and crypto. I Disclaimers.
Before we get into chart review and reading the latest price action, I think it’s important to start with this quote from the ever-wise, Morgan Housel:
As you’re thinking about incremental wealth: it’s whose love, respect and admiration do you want? Who do you want it from?
If you want it from strangers, then you can try to get it through your material wealth. And that’s not a criticism. I think it’s a natural thing in the world. Status is not always a bad thing. You’re trying to fit into other groups and cooperate with other groups. Status is not always a terrible thing.
But if you want to use that money in what, I think, is a more durable manner, then you have to answer the question: who are the five or so people whose love and attention I really admire?
Let’s update and review the chart of what Little Bird Trading subscribers have known since February of this year. Chart originally from Do You Own This Chart? What Our Subscribers Knew Even Before Liberation Day I Perch Observations #14.
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