Why Tom Sosnoff's Epic Fail Changed Trading Forever
Tom Sosnoff looked directly at the Chicago Board of Options Exchange executives and said the word that would haunt him forever: "Quickies." I was 24 years old, running the slideshow, and I watched one of the smartest guys in trading completely faceplant in front of the who's who of the options world. This was 2003,…
I'm Watching the One Thing That Actually Matters
Everyone's talking about this morning's rally. S&P up 0.6%, Nasdaq climbing, AI stocks getting bids. I'm looking at something completely different. While you're staring at those green numbers, I'm watching the order flow. And it's telling a very different story. 118,000 Contracts is a Crap Fest This morning's pre-market action in the S&P futures? 118,000…
The Slop Trader's Confession
I'm sitting here getting frustrated, waiting for my reversal, and I'm just not getting it. But you know what? I'm not gonna force anything in what is a fairly slop marketplace. That's the thing nobody tells you about professional trading - sometimes the best trade is no trade, and it pisses you off. Right now,…
3 Plays To Take Today
I Just wrapped up another Schwab TV appearance, and I had to break some hearts today. Everyone's losing their minds over Netflix and this Warner Bros merger saga. Here's what I told them - push the noise aside and look at what the chart's actually saying. Sometimes the obvious contrarian play sitting right in front…
The Real Bubble Isn't Where You Think It Is
I don't look at bubbles from the top down. I look at them from the bottom up. It's all the pieces of crap that got pulled higher. While everyone's losing their minds over Oracle cratering 40% from its September peaks, they're missing where the real carnage lives. Sure, AI stocks are finally getting their reality…
Why LEAPs Are a One-Way Ticket to Getting Screwed
Look, you wanna really get me going? Start talking about LEAPs. Long-term equity anticipation securities. Don't even get me started on LEAPs. I hate LEAPs. Actually, scratch that - I'm already started, so let's do this. Anybody that actually uses LEAPs doesn't know what the beep they're even doing in this business. I guarantee that.…
Most Traders Think This Is Real Selling. I Know Better.
Look, I'm gonna tell you something that might save you a fortune in the coming weeks. All this hand-wringing about Friday's selloff, all the panic about AI rotating into financials - you haven't seen real selling yet. You know how I know? Because I lived through this exact playbook 25 years ago, and what's happening…
Surviving Markets That Want You Dead
Don Kaufman here. The island tried to kill me three times before lunch today. First, driving back from the house, I got stuck behind a truck dropping crap all over the road. Then a deer decided to commit suicide by jumping in front of my car. Finally, the first iguana I've seen since arriving appeared…
The Real Bubble Isn't Tech
You actually have single stock risk in owning the spiders. That's not supposed to happen. Goes against everything you've been told about diversification, but here's the math that'll mess with your head. Google and NVIDIA combined? $8 trillion in market cap. Add them up and Google's basically a $4 trillion company, NVIDIA's $4.3 trillion. What's…
Somebody Dropped Serious Money on Chaos This Morning
It’s Fed day. And I hope you’ll join me and Garrett Baldwin from 2PM-4PM EST for our LIVE Fed coverage. Everyone is welcome, members and non-members. CLICK HERE to add the event to your calendar. You can also CLICK HERE to join the event at 2PM. But let me give you a preview of what…