≈ Or: How I started my trading career. ≈

— ACT I: The money —

So I got this money and I want to make it grow. Inflation in Brazil? Always high. The currency is always crashing.

Savings. Meh.
Piggy bank. Seriously?
Stock Market. That’s gambling, my dad said.
Newspaper advise. No comments.
Real estate? Geez, they are selling houses in a favela for $200,000. I pass.
My bank account manager. Sounds like a plan.

— ACT II: In the bank —

(a gorgeous Vogue model blonde comes in)
— Morning. How are you?
— Nice, thanks for asking.
— Coffee?
— Yes, please.
(Lord, how much sugar is in here? I am not an ant.)
— Good?
— Delicious.
— So, how much do you want to invest?
— All in. I got $xxxxx,xx (TOS privacy mode).
(manager opens the desk drawer and picks up a pile of summary prospectus)
— Here. I got these mutual funds that may interest you. This one, in particular, is very good, pays 110% of the benchmark.
(hands out the prospectus to me and start making important calls speaking in gibberish as to sound important)
— Thanks.
(4 pages each, body copy in font size 4, unreadable pie charts, who can read this s***?)
— Can I take this home so I can study it better?
— Sure.
— Thanks. Bye.

— ACT III: Courage —

OK, there’s bonds. Corporate and government. Not the same letter soup. And stocks. And ETFs. What are those? And mutual funds. Which one to buy? Oh, there’s allocation percentage too. Currency, gold. Portfolio. How to build one?

(Google “How to invest” › About 1,220,000 results in 0.68 seconds)

Depressed. Finds a blog. Book recommendation. Gets the book. Starts reading. Word: “Financial Education”.

Finally.

— ACT IV: Here I am —

Chart of the Day

SMH (Semiconductor ETF)

Should we call it the “Huawei Effect”? The Semiconductor ETF broke down an important support level @ 105ish on high volume. Some of our regular Scouting Report picks are holdings in this ETF, such as Intel (INTC), Qualcomm (QCOM), NVIDIA (NVDA), Broadcom (AVGO), Applied Materials (AMAT), Advanced Micro Devices (AMD), and Micron (MU).

Video of the day

How to Start Paper Trading (in Thinkorswim)

Want to get started Paper Trading or Virtual Trading but you’re feeling unsure how to start? Just get started in a Virtual Trading Account and get started clicking buttons and learn how to buy and sell stocks, options by doing.

Today’s line up

Traders Lounge 11PM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show 8:30PM EST

This is our weekly MasterMind group. Join the coaches tonight, 8:30pm EST to discuss the markets and help you prepare for the week.

Halftime Report 12:30PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.

Market Recap

The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.

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