Mark Ritchie II @MarkRitchie_II Twitter profile

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Mark Ritchie II

@MarkRitchie_II

3 years

Mark Ritchie II - Are You an Investor or a Trader?

Mark Ritchie II sits down with Jamie McDonald to discuss investing vs. trading, and his trading style.

www.realvision.com

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Mark Ritchie II

@MarkRitchie_II

2 months

Quick little summary on my current thoughts and where your head should be after if you are a lower risk directional type trader (can't speak to other strategies): 1. If you are surprised at how quickly things can reverse or get ugly welcome to the game of being a pro and why

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Mark Ritchie II

@MarkRitchie_II

3 years

1. Going to try a thread here on some prior bottoms. Every one of these I lived & traded through so I'm NOT cherry picking past examples. I'll show where the low/FTD happened but more importantly where the really good opportunity to get aggressive on the long side appeared.

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Mark Ritchie II

@MarkRitchie_II

2 years

Ok time for a word of encouragement & personal story for all of you out there who've been a bit banged up over the past year or to anyone thinking about quitting. Early on in my first year on my own in market I was down. Down on money, down on confidence and down on strategy...

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Mark Ritchie II

@MarkRitchie_II

2 years

General Market Thread... 1. For starters the Nasdaq is oversold in the short term. What is most interesting to me eye is volume over the past 3-4 weeks, all below average while the market has slid lower.

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Mark Ritchie II

@MarkRitchie_II

2 years

I dusted myself off, got back to work and stuck with it and haven't looked back since. I've kept a copy of this in my desk ever since and I read it often remembering that time. My sense is there is someone out there reading this who needs it as badly as I did then.

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Mark Ritchie II

@MarkRitchie_II

1 month

Here's how I'm thinking about the market & my positioning going into tomorrow with Powell speaking. For starters what he says isn't nearly as important as how the market reacts. A few scenarios: 1. Market sells off hard on big volume and everything gets slammed. I'll likely

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Mark Ritchie II

@MarkRitchie_II

2 months

This is NOT what I was looking for...guess what markets are all about being wrong small or as @PeterLBrandt would say having 'strong opinions weakly held.' I was looking for this pullback to be small & orderly. Everything was coming in on schedule until yesterday then came the

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Mark Ritchie II

@MarkRitchie_II

1 year

If you haven't felt stupid then you aren't managing risk. I've stopped out of lots of trades right on or near the lows and taken profits only to watch prices go WAY higher without me. Consistent application of discipline doesn't take 'feelings' into account.

Peter Brandt

@PeterLBrandt

1 year

One of the accomplishments of the markets is to make us traders feel stupid most of the time

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Mark Ritchie II

@MarkRitchie_II

2 years

Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with great talent...Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. -Calvin Coolidge

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Mark Ritchie II

@MarkRitchie_II

1 month

Ok at this stage it looks like the puke from a few weeks ago was a scare. I could easily be wrong but we've had a few accumulation days up this right side. When you get a big rip like this it's often tough to really get aggressively long quickly. Best names are likely at or

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Mark Ritchie II

@MarkRitchie_II

3 years

To me the 50-day moving average for the general market is like the curfew your mother used to give you. The saying was 'nothing good ever happens after midnight' (or whatever your curfew happened to be). Study this and you'll see nothing good happens when we're below the 50day

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Mark Ritchie II

@MarkRitchie_II

2 months

Taking a look at the VIX over my career (going back to 07') and just doing a quick spot check although I remember each situation where VIX north of 50 peaks ahead of the market bottom. So we have a panic low in the market, high in VIX but prices usually go lower or at least

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Mark Ritchie II

@MarkRitchie_II

2 years

Make no mistake this is a very tough market. The last 5-6 months have been a grind and I'm actually down a tiny bit on the year (never a good feeling). Liquidity is poor, volatility is high and a LOT of two way action. Have been small/defensive and staying that way for now...

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Mark Ritchie II

@MarkRitchie_II

1 month

Market (looking at $SPY here but most indexes minus $IWM have similar look) has a classic V-shape to it. There is always a price to pay for this. I drew in two such scenarios but here is where you don't have to be in a hurry and where chasing will get you into trouble. The

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Mark Ritchie II

@MarkRitchie_II

4 months

Rant/post on market breadth. For starters be skeptical of anyone who doesn't eat their own cooking. If I have you over for dinner, cook you a nice meal and then you see me not put anything I made in my own mouth that should raise a HUGE red flag...

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Mark Ritchie II

@MarkRitchie_II

2 years

Ok sports fans this is a BIG step in the right direction. Classic 10-day adv/decl breadth thrust triggered. Last one per our work was Apr 6th of 2020, we all know what happened next but this has a very good track record.

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Mark Ritchie II

@MarkRitchie_II

2 months

I have found that the market often seduces people into bad habits/risk management (dip buying, doubling down, trading without stops, holding losses) by reinforcing them for awhile until there is an opportunity for max pain. Then they try and avoid that by doing more of the same

Mark Minervini

@markminervini

2 months

During my 41 years trading stocks, what I learned about bottom fishing and holding losses is simple: it will seduce you and then abuse you. The abuse part is just a matter of time.

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Mark Ritchie II

@MarkRitchie_II

7 months

I would say my list of potential ideas for this week was the lowest quality since the rally started back in November. Just because you have money or want to spend it doesn't mean you should. Markets are no different. Patience pays.

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Mark Ritchie II

@MarkRitchie_II

1 year

I must say the price action in breakout type trading was the best I've seen all year. As always taking things one trade/day/week at a time but this week was either a BIG headfake or potential character change. As always staying flexible with my eyes/mind open.

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Mark Ritchie II

@MarkRitchie_II

2 years

I know a lot of folks saying this rally is just like the others over the past year...this chart says otherwise. Again new highs/lows aren't something I grabbed to support my view they are a part of the process and telling me valuable info, i.e. that this rally is different

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Mark Ritchie II

@MarkRitchie_II

2 years

Wow...wasn't expecting that many guesses. After skimming/commenting on a few I don't believe anyone guessed the right one which tells me it really is still a hidden gem...

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Mark Ritchie II

@MarkRitchie_II

2 years

When David Ryan talks, I shut up and listen...not saying he's right but watching closely to see how the market responds to today's reversal and if we get distribution in the subsequent days etc.

David Ryan

@dryan310

2 years

The rally from 6/17 looks to be nearing the end. Today the market moved into 9 months of overhead supply and just above the the last rally high at S&P 500 4117. The reversal from the early morning strength is negative. Take profits and raise cash.

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Mark Ritchie II

@MarkRitchie_II

11 months

A phenomenal time at the first MPA Gala Event! Really appreciated so many of the kind and encouraging words from the members. It was humbling and I had a blast connecting with everyone. These guys were pretty awesome too!!

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Mark Ritchie II

@MarkRitchie_II

2 years

Today would qualify as a follow through day should we hold and close on higher volume than yesterday. I'm not seeing many stock ideas, but I will buy something should this turn out to be a valid accumulation day. This is where rules override my feelings or gut. Stay tuned...

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Mark Ritchie II

@MarkRitchie_II

2 years

Ok a few threads observations before a long holiday weekend. Let's start with the stock market. I started the week pointing out the valid FTD and tested the waters. Action was so/so but net positive however some positive changes of character to point out...

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Mark Ritchie II

@MarkRitchie_II

2 years

So I've never been a big believer in seasonality. I am a HUGE believer in studying your own trading/results. So I ran this study of all of my monthly results added up numerically (all Jan summed, all Feb summed, pls no math questions) what month would you tilt more cautious?..

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Mark Ritchie II

@MarkRitchie_II

2 months

We are seeing the first doubling of the VIX in quite some time which we've been talking about on the MPA platform for quite some time. This is a contrarian positive longer term as the positive sentiment is clearly getting rinsed out. Here is where things can get real dicey if

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Mark Ritchie II

@MarkRitchie_II

5 months

Weekend work showed fewest ideas in probably 6 or so months. I used to get annoyed by these type of environments where now I welcome it. We live in a day where everyone wants instant gratification and if it requires patience most take a pass. I'm happy to fade the impatient.

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Mark Ritchie II

@MarkRitchie_II

2 years

I often view volatility as a symptom of the market...the higher the less healthy. 1000 pt swings in the Dow in less than a minute following CPI...not ideal/healthy. Again I'm not a vol trader and I use directional stops cause I want to survive so there's that too...

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Mark Ritchie II

@MarkRitchie_II

4 months

I've had far worse periods in terms of % drawdowns or even wondering if 'I'm gonna make it' but looking back on the journey I started full time in the markets 17 years ago approximately 1 month after my oldest boys were born. No clue what I was doing and just needed a job...

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Mark Ritchie II

@MarkRitchie_II

4 months

Took the whole fam with to watch and had a really great time and a healthy reminder for what is my real drive/motivator for all the things I do in life. I tend to be a bit more private when it comes to family but these 6 are the single greatest blessing God has given me!

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Mark Ritchie II

@MarkRitchie_II

2 months

I'd put the current odds of a firm low in the market at maybe 20-25%, as I stated yesterday I don't really care. We often make a momentum or even volatility type low (likely given the Vix has been cut in half in a day) then bounce and make a price low. Either way I want to

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Mark Ritchie II

@MarkRitchie_II

8 months

Starting to wonder if a breakout in the IWM/Russell 2K may be the best contrarian buy I've seen in a LONG time. A few thoughts on this but may get a bit long winded.

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Mark Ritchie II

@MarkRitchie_II

2 months

Here we go... I warned about #5 ahead of time and here we are. The market may even run to new highs here and you have to be ok knowing that 'the ends don't justify the means.' Ignoring stops or arguing with the market always leads to BIG trouble. Cash is a position and your

Mark Ritchie II

@MarkRitchie_II

2 months

Quick little summary on my current thoughts and where your head should be after if you are a lower risk directional type trader (can't speak to other strategies): 1. If you are surprised at how quickly things can reverse or get ugly welcome to the game of being a pro and why

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Mark Ritchie II

@MarkRitchie_II

5 months

I've found that whenever you can do something that others can't, you have an advantage. In sports and other endeavors its obvious bigger, faster, stronger etc. In markets process & patience are often those intangibles that provide a real advantage.

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Mark Ritchie II

@MarkRitchie_II

2 years

In today's Q&A session @markminervini stated that 'when opportunity intersects with your preparation' is when the really spectacular results occur. The more I've thought about this the truer it has been in my own story. Many have the opportunity but are unprepared...

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Mark Ritchie II

@MarkRitchie_II

2 years

For the bulls a pullback here could be very constructive if the market can avoid distribution and the market is orderly for 1-2 days while we see more subsequent pivot points in individual stocks. Here is where you really watch how individual names act closely.

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Mark Ritchie II

@MarkRitchie_II

2 years

Quick market update here as we're pulling back. I would love to see something like one of these scenarios play out where say in the Russell we can hold the 50-day and digest. IF (again big IF) this happens we should see a LOT of pivots/setups start to come out of the woodwork

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Mark Ritchie II

@MarkRitchie_II

2 years

Hey twitter friends: Just wanted to say many thanks for the overwhelming kinds words/comments from this mornings thread. Quite humbling to be honest but tells me there is a real hunger out there for more truth & transparency. If true, much more is on the way.

Mark Ritchie II

@MarkRitchie_II

2 years

Ok time for a word of encouragement & personal story for all of you out there who've been a bit banged up over the past year or to anyone thinking about quitting. Early on in my first year on my own in market I was down. Down on money, down on confidence and down on strategy...

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Mark Ritchie II

@MarkRitchie_II

2 years

Holy smokes some serious earnings blood letting going on today...$FNKO, $SRTS, $TEAM, $CVNA, $TWLO. All of these down -30-50% in one day! Again risk in stocks is real. Also shows that environment matters. Bear market + poor liquidity + earnings miss = lookout below!!

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Mark Ritchie II

@MarkRitchie_II

2 years

Friday was a valid FTD. Whenever we have one of these my process requires that I buy something. Yes I'm skeptical, but I don't stick to the process just when I feel like it I do it EVERY time. All bull market starts with one in the early going so I ALWAYS dip a toe.

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Mark Ritchie II

@MarkRitchie_II

3 months

The morning view right out my office window. Hard to not be thankful

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Mark Ritchie II

@MarkRitchie_II

1 year

Definitely distribution starting to cluster a bit on the Nasdaq as well as other indices. Right now likely normal but I raised some cash this week both via profit & loss taking as I bend with the market. Likely more digestion ahead, but I wouldn't get too bearish just yet.

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Mark Ritchie II

@MarkRitchie_II

2 years

The Dow has definitely been the leader and getting quite 'V-Shaped' here. I've talked about how the 200-day historically keeps the lid on bear market rallies and here is where I'm watching to see if we get a change in character. Does it reverse hard or pullback orderly??

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Mark Ritchie II

@MarkRitchie_II

3 months

Market update. Yesterday was pretty historic in terms of the rotation and breadth rip we had. I know every macro bear out there has been hating on the Nasdaq for awhile and calling it a bubble but the reality is we had a BIG positive surge in breadth...

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Mark Ritchie II

@MarkRitchie_II

2 years

I've read a lot of books on trading/speculation over the past 15 years. Most of the time I don't read many 'new' books on trading but reread some of my favs. One in particular to me gets the 'cult classic' award for most underrated trading book of all time. Any Guesses??

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Mark Ritchie II

@MarkRitchie_II

2 years

The last 12 months for me has really been reinforcing the value and skill of being able to do this...my co-portfolio mgr told me this week that we've done the least amount of trades EVER in 2022. In my view EVERY good strategy should have times of lower activity/opportunity.

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Mark Ritchie II

@MarkRitchie_II

1 year

A great time to explain how I managed this & why as I was planning more comments on this stock from a few perspectives...first of all here are my entries for this name as I've been trading around a position for a few months and talking about how this was the clear liquid leader..

Tonia

@tea_trades

1 year

@MarkRitchie_II I know you were holding part of a position. Did you sell any into this? I took some off on the 19th and 23rd. I also sold some yesterday and into today's rally. I will follow the 8-week rule with the rest. How did you manage it?

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Mark Ritchie II

@MarkRitchie_II

3 years

Anatomy of a loser...$MU stopped out of this earlier today. Many would say 'oh that was a bad trade' because it was a loser. I will take this trade 100 times out of a 100. A trade/investments outcome should not be confused with whether it was a good trade.

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Mark Ritchie II

@MarkRitchie_II

7 months

Ok trying something new here...going to throw out my thesis/process for how I'm handling BTC/$IBIT from here and why I'm playing it for a bigger move. I get asked quite often 'how do you know what to play for a bigger move'? Here's my thoughts around BTC currently...

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Mark Ritchie II

@MarkRitchie_II

6 months

One thing I like to do on ugly opens is to see what names (if any) on my watchlist(s) are green or can go green first. A stocks ability to buck the weight of the general market means it's likely under accumulation.

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Mark Ritchie II

@MarkRitchie_II

9 months

Finishing up the last run (for now) in -10 below weather while listening to some worship music turned from misery to joy in about 5-10 minutes. Made me wonder how often we quit to early??

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Mark Ritchie II

@MarkRitchie_II

2 years

Listening to a crypto mgr talk about how their fund lost -80% last year, but so far in Jan they are up +40%. Hey we made half our losses back right?? Wrong. It takes roughly 400% gains to bring an -80% drawdown back to even. Controlling drawdowns/downside volatility is key!

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Mark Ritchie II

@MarkRitchie_II

2 years

The bears currently have EVERYTHING they need to push the market lower. Aggressive FED, potential recession, disaster in Europe/energy prices, higher USD and surprise hotter CPI. How low can they push this market?...

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Mark Ritchie II

@MarkRitchie_II

3 years

I'm a big believer in knowing what you want to see. This is what I'd love to see the Nasdaq do from here. Will it grow into this perfectly, prob not but a consolidation that avoids distribution while we see breadth widen and MORE stocks setting up will get me aggressive.

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Mark Ritchie II

@MarkRitchie_II

2 years

Ok another great question that is both important and personal, however I'm happy to share as I'm a big believer in 'counting the cost' of things and I'm not just talking money in this case prior to undertaking a significant life change...

Saleem Gaur

@saleemgaur

2 years

Hello, @MarkRitchie_II went through both threads. would really appreciate it if you can reply to the below question. How did you financially get through a period of having no income and two kids and a wife? Adding... Did anyone support you with money?

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Mark Ritchie II

@MarkRitchie_II

2 years

So a couple names to watch $CELH, $CLFD, $ENPH. All high RS with big earnings & sales that have ripped since the June lows. They are NOT setup however IF (big IF) this market is bottoming these are potential key leaders and should be bought if they can setup low risk entries.

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Mark Ritchie II

@MarkRitchie_II

2 years

Ok a couple of scenarios to watch for here in terms of the general market as well as stocks under the hood. #1 . Can we stay tight and continue to digest and round out a 'right hand side' in the general market? If so this should setup a lot of handles & pivots single names...

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Mark Ritchie II

@MarkRitchie_II

10 months

I'm wrong on MORE than 1/2 my trades/ideas. This is SO classic and everyone should read 'Marty Schwartz' book and interview in original MW. Who cares if you are wrong or have to take a loss? Get rid of the ego and focus on compounding good risk v reward decisions.

Peter Brandt

@PeterLBrandt

10 months

I am wrong on about half of my trades I am amused by how the wannabes on X call others out for being wrong Over-concern/fear of being wrong is the worst friend a trader can have I view small losing trades as part of the process of finding discovering large winners You?

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Mark Ritchie II

@MarkRitchie_II

2 years

Yesterday was a 23:1 upvol/dvol day on NYSE. This is BIG. This is the equivalent of stomping on the gas pedal until the RPM starts to redline. It is the biggest one day thrust we've had per our works since 12/28/13.

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Mark Ritchie II

@MarkRitchie_II

2 months

Well sentiment has definitely shifted back to neutral to some degree. Add the spike in put buying and VIX surge and I'd say the mood has shifted pretty quickly. Additionally/anecdotally I had one of my personal contrarian indicators go off (person who is always selling

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Mark Ritchie II

@MarkRitchie_II

2 years

'I have observed that the principle power of a bull market is purely money, the availability of money...' -Jesse Livermore 'How to Trade in Stocks' printed 1940

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Mark Ritchie II

@MarkRitchie_II

2 years

Don't confuse eloquence with the ability to make $!! Just because someone sounds smart doesn't mean they can manage risk or make $...present company included. Again apply this as you wish but it's always stuck with me

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Mark Ritchie II

@MarkRitchie_II

2 years

True story so I get a hedge fund mgr friend send me a detailed report on this company last week and ALL the fundies look stellar etc. Earnings come in triple digit and stock loses -50% of it's value in one day!! Environment matters and where we are in the cycle is huge.

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Mark Ritchie II

@MarkRitchie_II

2 years

Time for a rant/story...for those who don't know aren't aware I come from a family of occasional ranters and occasionally I have to go on one, so if that's not your thing then skip this thread altogether...

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Mark Ritchie II

@MarkRitchie_II

2 years

Patience is what separates the smart from the truly wise. Smart people know a lot of stuff but the wise have their knowledge wedded to proper timing. -(bored trader attempting to be patient)

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Mark Ritchie II

@MarkRitchie_II

2 years

For the tactical position trader less has been more in 2022. Done the least amount of trading in my career in terms of # of trades as well as relative sizing and wishing I'd done even less. Risks still elevated and the tape is still very challenging.

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Mark Ritchie II

@MarkRitchie_II

8 months

Hand raised... Overbought...sure but that's a sign of health in a new bull advance. Overvalued...valuation metrics are the worst timing tools in the history of the stock market imho. Bubble...S&P 500 just made a new all time high after a 2 yr bear market, no bubble just a bull

Jason Shapiro

@Crowded_Mkt_Rpt

8 months

raise your hand if you DONT think this market is overbought, overvalued, and a bubble that is going to burst sooner rather than later

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Mark Ritchie II

@MarkRitchie_II

3 years

I have this old photo from the 70s of my father & uncle trading on the CBOT floor framed on the wall in my office. It reminds me of my roots and where this all started. If it weren't for my uncle Joe I probably wouldn't be in the business at all. Thankful for his influence.

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Mark Ritchie II

@MarkRitchie_II

2 years

The two things that will impact you (especially your thoughts) the most...what you read & who you surround yourself with. I'm amazed at the number of people who don't like where 'they are' and yet don't see the link to the company they keep and what they feed their mind(s).

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Mark Ritchie II

@MarkRitchie_II

2 years

'Gradually, then suddenly' is a quote supposedly from Hemingway on how he wen't broke. It's quoted differently 'slowly then all at once' etc. However it's often an accurate description of a LOT of things in life & markets, and is often a doubled edged sword it would seem...

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Mark Ritchie II

@MarkRitchie_II

7 months

A number of the indices have this pattern where they've been grinding near highs but more net distribution than accumulation. This breaks I think a test of the 50-day is in the cards. Would be normal and I'd LOVE to see a lot of put buying and a pickup in bearish sentiment.

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Mark Ritchie II

@MarkRitchie_II

2 years

Ok this is a great question and worthy of some comments. For starters let me be very clear on one point. The measure of a good trade is NOT the result. Just because you made or lost $ doesn't mean it was a good/bad play etc.

Deca Investor🇺🇸 🇨🇦

@decainvestor

2 years

@MarkRitchie_II can you please comment if you see anything wrong with this guy ? I thought this was a perfect buy then hit the stop today.

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Mark Ritchie II

@MarkRitchie_II

2 years

I think it was O'Neil that said 'sometimes the best stock to buy is the one you already own.' I heard it from @markminervini but this is exactly what I'm looking to do right now if indexes can mark time while a few names I own can hold and set subsequent pivots...

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Mark Ritchie II

@MarkRitchie_II

1 year

Bit of general market commentary into the weekend. First off is that todays anemic bounce isn't surprising and I'm old school in that if we see a pickup in selling towards the end of the day/week increases the odds we have more to go next week, so watch the close and volume...

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Mark Ritchie II

@MarkRitchie_II

11 months

Essentially what the Russell 2K is doing to all the bears/shorts who got way over their skis. The good news is breadth is going to massively improve and this likely leads to a wave of good buyable ideas rather than just the Mag 7. Stay tuned.

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Mark Ritchie II

@MarkRitchie_II

2 years

It's a lot easier for people to look for hidden 'secret sauce' than accept the truth that there is no such thing.

Mark Minervini

@markminervini

2 years

Cartoon of the day...

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Mark Ritchie II

@MarkRitchie_II

2 years

Someone sent me this over the weekend and I've read just about everything in print I'm aware of about PTJ and this was a great summary/amalgamation of what's made him successful. Should be essential reading for ANY trader or investor imo.

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Mark Ritchie II

@MarkRitchie_II

2 years

Most market players who lose think it's because they don't have good enough ideas/research. I've found that most folks ideas are actually pretty good, it's their tactics that are sloppy/lousy.

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Mark Ritchie II

@MarkRitchie_II

2 years

We've been talking about this for years at MPA. Many naively think that volatility is good for directional trading and that is because they don't understand the difference between volatility & alpha. Volatility is two directional movement, where alpha is excess return...

Mark Minervini

@markminervini

2 years

Like during previous rallies, volatility has come down, but not yet to levels associated with sustainable uptrends. Looking back at the 2003 bottom, it wasn't until the VIX broke out of it's range to the downside before we experienced a new bull market from an effective bottom.

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Mark Ritchie II

@MarkRitchie_II

2 years

If this is indeed the end of the FAANG dominance this is GOOD NEWS!! If you are interested in outperformance and alpha this means there are new leaders on the way and great opportunity when this $ rotates out over time.

Mark Minervini

@markminervini

2 years

$META is playing out as I expected 👇and rhyming with history. When a secular leader finally tops, the average decline is about 70%. $META is now down 75% off the highs falling right in line with my 50/80 Rule.

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Mark Ritchie II

@MarkRitchie_II

11 months

Market Commentary & some past precedents (all of which I traded) to give some color. I must say the strength of the rally is surprising but VERY encouraging in the intermediate term for equity prices. I've gotten longer but not overly aggressive yet...

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Mark Ritchie II

@MarkRitchie_II

3 months

Raised some cash and added to my $QQQ short yesterday. Not getting real bearish here but I think risk v reward to the 50-day is decent and breadth continues to narrow. Yesterday & today more declining issues than advancing while QQQs were up.

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Mark Ritchie II

@MarkRitchie_II

3 months

A pure golden nugget from a trading legend. Lots of traders have a high IQ, but what is needed is a high EQ. I'd also recommend checking out his Market Wizard interview as well as one of his books. I liked 'Trader Vic' the best.

Steven Goldstein

@AlphaMind101

3 months

Don't let your high intelligence fool you into thinking you should be succeeding in trading. Trading is a performance activity, not an intellectual pursuit. Success hinges less on intelligence and more on attributes like emotional resilience, sensing capabilities, adaptability,

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Mark Ritchie II

@MarkRitchie_II

1 year

'Diversification is a concept that brokers came up with to cover themselves...if you want to get wealthy you need to have all your eggs in one basket, pick the right basket and watch it closely' -Jim Rodgers (this morning on @RealVision ) still brilliant

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Mark Ritchie II

@MarkRitchie_II

11 months

Talking to Larry Hite in the lounge last night. The man is a fountain of wisdom and great stories. 'No one goes into their first boxing match and is surprised when they get hit in the head, yet people are shocked when they first get into the markets and get whacked.'

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Mark Ritchie II

@MarkRitchie_II

2 months

Well that was quick...VIX literally doubled again since I posted this on Friday. I said 'every meltdown starts like this...' well here ya go. Here is where it becomes a matter of where the selling takes us and that is not a train I want to be on. This WILL lead to a really

Mark Ritchie II

@MarkRitchie_II

2 months

We are seeing the first doubling of the VIX in quite some time which we've been talking about on the MPA platform for quite some time. This is a contrarian positive longer term as the positive sentiment is clearly getting rinsed out. Here is where things can get real dicey if

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Mark Ritchie II

@MarkRitchie_II

2 years

You know it's been volatile when a +3.43% up day on the Nasdaq Comp is an inside day!

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Mark Ritchie II

@MarkRitchie_II

4 months

Kudos to @Beth_Kindig as she's NAILED this $NVDA move. It was her call on @RealVision back in Jan 2023 that got the stock on my radar when she said 'NVDA will own the AI space.' Stock has gone up more than 5x since despite every value bear you can find cursing & shorting...

Beth Kindig

@Beth_Kindig

4 months

Nvidia's $NVDA data center has surpassed a $90B annualized run rate, on an incredible growth trajectory from $17B just one year ago.

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Mark Ritchie II

@MarkRitchie_II

11 months

I'd say the news at least is starting to build a pretty decent 'wall of worry'. Inflation, rates, potential recession, wars and conflict, political dysfunction. Not a reason to buy but this is the stuff bottoms are eventually made of.

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Mark Ritchie II

@MarkRitchie_II

2 years

Yesterday was a valid accumulation day with decent breadth. The question is do we run into immediate selling/distribution? This market is still oversold and has room to run. This is where you have to buy something and start testing the waters if you haven't already.

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Mark Ritchie II

@MarkRitchie_II

2 years

Thought it might be helpful to highlight some times when consensus had gotten it dead wrong over the past decade. Highlights why I try and always keep an open mind and be ready to go against the crowd. 2010, 2017, 2020, 2021 (in reverse from lower right/upper left)

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Mark Ritchie II

@MarkRitchie_II

1 year

Now is a really good time to focus on price action. Seeing some signs of potential character change in some stocks but we've had some false dawns in the past. I want to see if we can get breadth improvement and follow through from here.

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Mark Ritchie II

@MarkRitchie_II

2 years

Distribution day on Nasdaq yesterday is first negative shot back across the bow. However Dow leading the selling yesterday is actually a good sign IF the pullback is shallow and we find support. If distribution widens and we see more selling bears are back in control.

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Mark Ritchie II

@MarkRitchie_II

3 years

Ok gang going to be engaging a bit more on twitter going forward and changing the handle/look a bit. We are no longer bound by certain restrictions on what we can/can't comment on so will be doing a bit more engaging via twitter on what we are seeing in the markets.

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Mark Ritchie II

@MarkRitchie_II

2 years

I'm gonna make this whole Credit Suisse discussion really simple from where I sit. Would you hold assets at a bank whose chart looked like this? When a stock trades below 5$ it's a MAJOR red flag and I don't care how long the company has been around...

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Mark Ritchie II

@MarkRitchie_II

2 years

I often tell my kids when you don't know something...'just ask'. Fools pretend they know things they don't while the wise readily admit what they don't know...which brings me to today. My co-portfolio mgr & I were talking and he asked 'what do you think the FED does today?'

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Mark Ritchie II

@MarkRitchie_II

11 months

I keep what I called the '5 capitals' in mind regularly. -Spiritual capital -Relational capital -Physical capital -Intellectual capital -Financial capital How am I stewarding these areas and if I'm not making gains currently in one capital am I growing in another?...

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Mark Ritchie II

@MarkRitchie_II

2 years

Important teaching note. Make a habit of knowing what you'd like to see ahead of time. Most of the time it won't happen but when it does it should be a flashing light on your dashboard telling you to get MORE aggressive!

Mark Ritchie II

@MarkRitchie_II

2 years

Quick market update here as we're pulling back. I would love to see something like one of these scenarios play out where say in the Russell we can hold the 50-day and digest. IF (again big IF) this happens we should see a LOT of pivots/setups start to come out of the woodwork

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