The three most expensive trading addictions:
1. Wanting to be right about a trade.β¨2. Staying in a losing trade.β¨3. Wanting to make your losses back quickly.
All three can make a trader destroy their account.
$SPY contract with the largest absolute gamma exposure is at $760. Under it, we could see some downside momentum pick up. I am cautious of potential rangebound activity at this level.
Kobe was a legend on the court and just getting started in what would have been just as meaningful a second act. To lose Gianna is even more heartbreaking to us as parents. Michelle and I send love and prayers to Vanessa and the entire Bryant family on an unthinkable day.
Treasury Secretary Steve Mnuchin basically told everyone to follow the rules and not doing illegal things with Bitcoin or crypto.
Sounds like a green light for those who want to do things the right way ππ½