Jobsmacked

jobless claims

h/t Yahoo Finance

job·smacked
/ˈjäbˌsmakt/
adjectiveinformal•American
adjective: jobsmacked; adjective: job-smacked
 

Economists and markets utterly astonished; astounded by skyrocketing U.S. initial jobless claims data

This morning’s release of weekly initial jobless claims, by the Department of Labor, was double economists’ estimates.

The pre-market no likey.

Your Almost Daily Bit of Wall Street Wit & Wisdom

Tom Hanks

Tom Hanks in Cast Away, h/t Reuters

Successful speculation is as much about honing your survival skills as it is about finding winning trades.

You hone your survival skills by applying sound principles of money management.

Here are a few for traders:

Speculate based on what you can lose, not what you can gain.

Don’t overbuy or add to a losing position.

Remember to take your original stake out, so you can play with “house’s money.”

Do stay well,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

mack truck

h/t macktrucks.com

“More data — such as paying attention to the eye colors of the people around when crossing the street — can make you miss the big truck.”
— Nassim Nicholas Taleb

Successful speculation is as much about honing your survival skills as it is finding winning trades.

Don’t suffer paralysis from over-analysis.

Pick the indicators you like best and use them.

That can can help you stay a step ahead of the crowd.

Subscribe to Options Hotline today, to see how we use puts for protection.

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

“Embrace selloffs because that’s when the market gives you its best clues.”
— Joseph Fahmy, @jfahmy

Keeping your eyes open to developing divergence between the action of individual stocks and the market can provide powerful information.

If a stock is holding up well while all around are down sharply, that tells you something good.

Best regards,

Steve