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Overview of prop trading firms and their business models Proprietary trading firms operate on a prove-yourself model where traders must demonstrate their ability to manage risk effectively before gaining access to capital. The fundamental concern for these firms centers on whether traders can maintain discipline and proper…

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Technical Issues and Meeting Logistics The morning session experienced significant disruptions due to calendar problems and conflicting meeting links posted overnight and during the morning hours. Multiple links circulated among participants, causing confusion and delayed attendance. The technical difficulties required…

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Market Overview and Economic Data The first significant economic data in approximately six weeks arrived with Thursday’s jobs report, ending a period of uncertainty that left the Federal Reserve operating without key indicators following their previous rate cut. Despite some dissension within the Fed, the consensus appears to…

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NVIDIA Earnings Report and Market Impact The market showed a positive open with follow-through from the previous day’s bounce, largely in anticipation of NVIDIA’s after-hours earnings report. The expected volatility for NVIDIA stock stood at approximately $15, slightly down from the $16 estimate earlier in the week. Notably,…

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CloudFlare Outage: A significant technical disruption at CloudFlare, a major content delivery network and security provider, has led to widespread internet issues, preventing access to numerous popular websites including X (formerly Twitter), ChatGPT, and Investing.com, often displaying…

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Jeff Bezos AI Company Jeff Bezos launched an AI company over the weekend, though not in the chatbot space. The venture focuses on manufacturing and building cars among other applications. This development represents an unexpected market move as it diverges from the more common generative AI applications dominating recent…

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Introduction

Picture this: you’re staring at over 10,000 stock tickers wondering where the heck to even start your trading day. Sound familiar? In this November 20th session, trader and coach extraordinaire walks through the art of cutting through the noise with what he calls “minimum viable criteria” – basically, a systematic way to filter those…

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Current market conditions and increased volatility The market experienced significant selling pressure, taking out the previous day’s low before finding buyers. The bearish side has clearly awakened, though this represents profit-taking rather than a full bear market. Expectations appear baked in, and the market seems ready to seek…

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This weeks call is cancelled due to a family emergency.

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Market Volatility and Trading Opportunities Current market conditions present exceptional volatility, creating ideal environments for short-term swing traders and day traders. The rapid price swings offer significant opportunities, though traders must focus on present price action rather than trading based on what happened…

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