What did Kenny say?

Author

Brother Bill
August 02, 2024

Have you ever been down into South America? I was this summer, in Cali Colombia. A tourist destination with white sand beaches it is not. And to find English speakers is like finding gold.

But they all know, and I do mean allllllllll of them, they all know Kenny Rogers. And every single one of them can sing for you “You got to know when to hold em, know when to fold em, know when to walk away, and know when to run”

If the stock market had a theme song that would have to be it. Blood bath today, failed attempts at recovery, many closing off of the days lows so there is that. Take what we can get where we can right? We here at investingwithfaith.com believe strongly in the tenet of “Trade Management never goes out of style” Proper entries, proper exits, position sizing and not allowing winners to turn into losers:::: Ouch on that one, we have all been there, and all of those things matter.

This morning I shared the Top 25 Up Gaps and the Top 25 Down Gaps lists, those 2 lists are how I start my trading morning each day. Gaps matter. In my day trading life I specialize in them, they are a “language” to me. This Down Gap that we have now on the S+P needs to be respected. S+P 5300 is a crucial area of support. Lets talk more about that on Sunday night. Have a good weekend everyone.

Invest wisely, live charitably and be well

Brother Bill

DISCLAIMER: All content provided in this newsletter, blog, webinar, video, chart, communication is for Educational and Entertainment purposes only. Nothing included or mentioned is meant to be construed or used as trading / investment / financial advice. Trading / investing carries risk of loss, losses can and do occur. NO recording aloud...Know your risk and risk of loss before taking on any financial endeavors. Past performance is NOT a 

guarantee of future success. I am NOT a licensed or registered financial advisor or tax accountant. Prior to making any trading / investing /  financial decisions you should always consult with your licensed and registered financial advisor and tax accountant. There are no recommendations or solicitations  to buy, sell or hold any stock, future, options or bonds, cryptocurrency or any other financial entity in this newsletter. Nor are there any recommendations on any type or way or method to trade / invest. You do not have permission to redistribute this newsletter without my written permission first. 

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