16Y full-time trader, US stocks - Focused on R-multiples and staying in tune with the market 🧠🧘🏻♂️ - Context & Environment are Everything.
Main Street 🇹🇭🇫🇷🇦🇺🇺🇸
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$MU reported:
EPS +1,003% YoY (+5% beat)
Revenue +379% YoY (+6% beat)
app.lonestocktrader.com/dash…
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We use equal-weighted baskets rather than market-cap-weighted ones because it is more useful for getting a true read on the underlying strength and breadth of each group.
This way, basket charts reflect the performance of the group as a whole rather than being pulled around by just a few mega-cap stocks.
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Short term P&L fluctuations are largely noise.
What matters is whether the charts of your individual long positions still support higher prices—and whether your shorts still support lower prices.
Don’t let the day-to-day swings in P&L influence your decision-making. P&L is the outcome, not the input.
Focus on the charts, manage your positions accordingly, and let the P&L follow.
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