This is telling me the market is bracing for harm. It's predicting that there is bad news out there, and we have not received that bad news yet. And think about when this is happening. It's July. The hedge fund guys are in the Hamptons drinking rum, they're not sitting at a desk dealing with this. You don't get volatility like this in the summer, usually. Somebody's positioning for something instead of responding to something. Now, whenever I catch myself getting a little too sure about a read, I go do this. I pull up the Dow. I never look at the Dow. But every news channel out there references it constantly, which means a whole lot of people are forming their entire opinion about this market off that one chart. So I put it up, and it's doing the opposite of what SPY and QQQ are doing. One of

My family is a bunch of business lawyers. They were very upset I wasn't the Harvey Specter of the group, although that would have been really cool. While other kids were getting coloring books, my dad sat me down in front of contracts and made me find the loopholes. I'm not kidding. At seven years old. I hated it. And it is the single most valuable thing anybody ever did for me, because it gave me the one thing this job actually requires. It gave me the mindset of just staring and looking. Not scanning. Not glancing at a chart for two seconds and deciding. Sitting there and looking at something until it starts telling you what it is. Finding the thing in the document that everybody else skipped over, because they were reading fast and I was reading slow. That's it. That's the whole skill. I just happen to

One of the worst things you can do in trading is be lucky. You take a trade, it works, and you tell yourself the 200-day did it. Or price crossed VWAP and that was the signal. That's the gauntlet, right there. Except a lot of the time it was chance, and now you've learned the wrong lesson and you're going to run that same play until it stops paying. I love VWAP. I love the 40. But sometimes there's something through the trees, and that's the forest. Pull up any chart and just stare at it. One minute, five minute, daily, doesn't matter. Give it a minute before you touch anything. You'll start seeing things. Big wicks. Areas price keeps coming back to. A level where it sells off every single time it gets there. Now, you could look at that sell-off and say, well, that's the 40 moving average,