Breaking it to Fix it: Why Sometimes You Need to Break Things to Build Them Better + Prep for Thursday, May 4th, 2023
Prep for Tuesday. Key tickers on watch: $XBI $CL_F $RTY_F $DIA $ES_F $XLY $SVXY $AAPL $USO $NVDA $GC_F $SDOW $ZB_F $FFIN $PGR $GE $AI $VICI $OKE $CHRD $WEC $LLY $ECL $BKNG $AJRD $TTWO $MAR
Have you ever heard the saying "Sometimes you have to break things apart to put them back together"? It may seem counterintuitive at first, but it's a phrase that holds true in many aspects of life. In trading, business, and even personal growth, breaking things down can lead to breakthroughs and new insights. In tonight's post, we'll explore why it's important to break things apart and put them back together in order to achieve success.
Live prep again starting around 6:15 US CST Live prep. During our session we walk through our prep zones for the day including $SPY, $QQQ, $VIX, $SVXY, $ES_F, $NQ_F, $RTY_F, $YM_F along with $CL_F and $GC_F.
As we’ve noted before we are building this from the ground up and our intention is to continuously add and improve. As always, we recommend doing your own research and consulting with a financial advisor before making any investment decisions, as nothing we say or suggest should be taken as a recommendation to buy, sell, or hedge any financial instruments (full disclosure here).
Breaking it to Fix it: Why Sometimes You Need to Break Things to Build Them Better
Introduction: Welcome back, tonight we have a special one for our fellow traders and entrepreneurs. Have you ever encountered a problem that seemed insurmountable? Perhaps you've tried every solution in the book, but nothing seems to work. It's in moments like these that we need to take a step back and think outside the box. Sometimes, the key to success is not to keep trying the same old methods, but to break things apart and put them back together in a different way. In tonight's post, we'll discuss why this approach is so important and how it can help you achieve your goals. So sit back, grab a cup of coffee, and let's dive in.
Section 1: Trading
When it comes to trading, sometimes you need to break things in order to put them back together the right way. Here are a few points to consider:
Embrace losses as opportunities for growth: Losses are a natural part of trading and can actually help you improve your strategy over time. By embracing losses and analyzing what went wrong, you can learn from your mistakes and become a better trader.
Don't be afraid to experiment: Trying out new strategies or techniques can be scary, but it can also lead to breakthroughs. Don't be afraid to take risks and try new things, even if they don't always work out.
Take breaks when needed: Trading can be stressful, and sometimes you need to take a step back and recharge. Taking breaks can help you come back to the market with a fresh perspective and renewed energy.
Build a support system: Trading can be a lonely endeavor, but having a community of like-minded individuals can make a big difference. Joining a trading group or finding a mentor can provide support and help you stay on track.
Stay disciplined: Trading requires discipline and sticking to a plan. It can be tempting to deviate from your strategy when things aren't going well, but staying disciplined and focused on your goals is key to success in the long run.
By keeping these points in mind, you can break down the barriers that may be holding you back from reaching your full potential as a trader.
Section 2: Business and life
Breaking things is not just relevant to trading, but to life and business as well. Here are some ways in which breaking things can be beneficial in these areas:
Innovation: Sometimes, the only way to create something new and innovative is by breaking the existing system. This could be in the form of breaking down old processes or routines, or even breaking down existing products or services to create something new.
Growth: Breaking things can be a catalyst for growth. By breaking old habits, beliefs or perspectives, individuals can gain a new perspective and learn to grow in new ways. In business, breaking old systems can also help to create new opportunities for growth.
Problem-solving: Sometimes, in order to solve a problem, we need to break it down into smaller pieces. By breaking down complex issues into smaller, manageable pieces, individuals can more easily find solutions and solve problems.
Resilience: Learning to break things and put them back together can teach us resilience. In both life and business, setbacks are inevitable, and it's important to learn how to bounce back and move forward. Breaking things can help to build resilience and teach us to persevere through challenges.
Creativity: Breaking things can be a catalyst for creativity. By breaking down existing systems, individuals can create something new and innovative. In business, breaking down traditional practices can lead to new and creative ideas.
Breaking things is not always easy, and it can be uncomfortable or even scary. But, as we've seen, it can also be incredibly beneficial. By breaking things down and putting them back together, individuals can learn and grow in new and exciting ways, both in their personal and professional lives.
Section 3: Real-World Examples
Apple Inc.: When Apple launched the iPhone in 2007, they had to break away from the traditional keyboard interface and innovate with a touchscreen display. This move disrupted the mobile phone industry, changing the way we interact with our phones and leading to the rise of the smartphone era.
Airbnb: Airbnb disrupted the traditional hotel industry by allowing people to rent out their homes to travelers. This idea broke away from the traditional hotel model and created a new way of traveling and experiencing different cultures.
Netflix: Netflix disrupted the traditional TV and movie rental industry by creating a subscription-based service that allowed people to stream movies and TV shows on-demand. This move broke away from the traditional rental model and gave customers the ability to watch what they want, when they want.
SpaceX: SpaceX disrupted the traditional space industry by creating reusable rockets, breaking away from the traditional one-time use rockets. This innovation has made space travel more accessible and affordable.
Uber: Uber disrupted the traditional taxi industry by creating a ride-sharing service that connects drivers with riders. This move broke away from the traditional taxi model and gave customers a more convenient and affordable transportation option.
These examples demonstrate how breaking away from traditional models and disrupting industries can lead to innovation and success.
Actionable Tips:
Embrace experimentation: Break away from the conventional methods and try different approaches, tools, or techniques. You may discover something new that works better than what you were doing before.
Don't be afraid to take risks: Sometimes, taking a risk can pay off in the long run. Don't be afraid to try something new, even if it means potentially failing or making mistakes along the way.
Practice letting go: It's important to let go of things that are no longer working or serving a purpose. This applies to both physical objects and mental beliefs. Letting go can be hard, but it opens up space for new things to come into your life.
Take breaks: Sometimes, stepping away from a problem or project can give you the perspective you need to find a solution or come up with a new idea.
Learn from your mistakes: When things don't go as planned, take the time to reflect on what went wrong and what you can learn from the experience. This will help you avoid making the same mistakes in the future.
These tips can help you break things in order to put them together in a better way.
Conclusion:
Breaking things is often seen as a negative action, but it can actually be a positive force in our lives. In trading and in life, it is sometimes necessary to break things down in order to put them back together in a better way. By embracing the process of breaking things and learning from it, we can grow and improve. Remember to not be afraid of taking things apart and trying to build them back up in a new and better way.
In conclusion, breaking things can be a valuable and necessary step in our personal and professional growth. Whether it's breaking down a trading strategy or breaking down a process at work, we can learn from the experience and use it to create something better. Don't be afraid to take things apart, examine them, and put them back together in a new and improved way. It's through this process of breaking and rebuilding that we can achieve success and make a positive impact on our lives and the world around us.
Book Recommendations:
"Creative Destruction: How to Start an Economic Renaissance" by Phil Auerswald - This book explores the concept of creative destruction, which is the idea that the destruction of old structures and systems is necessary for the emergence of new and innovative ideas. It provides insights and strategies for entrepreneurs and business leaders who are looking to create new and better systems.
"The Power of Myth" by Joseph Campbell and Bill Moyers - This book delves into the universal themes and archetypes that appear in myths from around the world. It provides a framework for understanding the role of myth in our lives and how it can help us navigate times of change and transition.
Related to these book recommendations, we would suggest checking out an Audible 30 day trial on Amazon. Yes we know it may sound cheesy and yes we are an affiliate there, but having now used the past month+ on our evening walks it’s been a game changer. We’ve been using audible to listen to various books and it’s been really fruitful.
Prep / high interest zones:
Next are the key tickers and price zones broken into categories of Breadth, Overall, Meme, Forex / AG futures. Further below you can find the section for Expected moves (aka cheat codes) and the symmetrical extremes. If you need a summary/reminder of what these zones mean, see our earlier post.
High interest tickers & zones:
Breadth
$XBI [87.30 - 86.56]
$CL_F [66.13 - 65.65]
$RTY_F [1772.0 - 1768.0], [1734.4 - 1728.4]
$DIA [329.40 - 329.15]
$ES_F [4151.00 - 4147.50], [4028.50 - 4022.25], [3988.25 - 3981.25]
$XLY [146.66 - 146.49]
$SVXY [66.64 - 66.36]
$AAPL [166.63 - 166.12]
$USO [58.77 - 58.62]
$NVDA [266.64 - 266.10]
$GC_F [2068.6 - 2064.4]
$SDOW [27.32 - 27.23]
$ZB_F [134'05 - 134'01]
Overall
$FFIN [26.88 - 26.63]
$PGR [121.99 - 121.40]
$GE [105.27 - 104.94]
$AI [18.17 - 17.90]
$VICI [31.44 - 31.30]
$OKE [63.94 - 63.76]
$CHRD [137.37 - 136.89]
$WEC [93.30 - 93.18]
$LLY [419.34 - 416.77]
$ECL [171.33 - 170.23]
$BKNG [2615.01 - 2606.74]
$AJRD [56.09 - 56.05]
$TTWO [125.71 - 125.46]
$MAR [182.70 - 181.41]
$DE [387.77 - 386.99]
$LMT [446.66 - 445.26]
$PSX [101.45 - 100.93]
$SBUX [97.54 - 97.19]
FOREX Futes
$6E_F [1.11290 - 1.11200]
AG Futes
$ZL_F [51.50 - 51.28]
Meme
$KTOS [12.39 - 12.31]
Expected move levels
Our post behind the expected move
Symmetrical extreme readings
In this previous article we discussed the Symmetrical extremes in more detail.
That’s all for tonight folks…just a reminder, our goal is to constantly improve and refine our proprietary AI system + this content. These tools analyze hundreds of tickers to identify high-interest areas based on multiple areas of confluence evidence. As always, we recommend doing your own research and consulting with a financial advisor before making any investment decisions, as nothing we say or suggest should be taken as a recommendation to buy, sell, or hedge any financial instruments (please read our disclaimer ).
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