?? Mind Over Mouse: Musk's Neuralink Breakthrough
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S&P 500 5,005.57-24.16(-0.48%)
Dow Jones 38,627.99-145.13(-0.37%)
NASDAQ 15,775.65-130.52(-0.82%)
Market close: February 16, 2024
Mind over mouse??? Elon Musk says his first Neuralink patient can control a computer mouse through thinking.?CNBC reports.
The Warm Up
U.S retail sales fell 0.8% ?? in January from December as shoppers paused after a strong holiday season. ABC reports.
Gas prices are rising fast ?? with the U.S national average recently climbing 13 cents. CNN reports.
Starbucks has opened a new cafe ? designed to be more accessible and inclusive for customers and employees with disabilities. CNBC reports.
Nike will cut about 2% of jobs? ? to lower costs as demand weakens.Reuters reports.
Coinbase shares surged in Friday’s pre-market trade ?? after posting its first quarterly profit in two years. CNBC reports.
200,000 Facebook Marketplace user records ? were leaked on the dark web. Mashable reports.
A Question About Risk:
Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Friday from 11am EST, as our risk management educator.
Not having a trading process grounded in risk:
You have to have a trading process and it should be grounded in risk. How much risk are you willing to take for the amount of reward you expect to gain? There are two components to this: for example, some people may only take trades that are two to one reward to risk. That’s fine: what’s your winning percentage? What should it be for that to work? If you’re trading for two to one risk to reward, you generally want to be winning around 40 to 50% of the time, because you’re going to win twice as much as you’re going to lose so if you hit that 40% threshold, you’ll make money. The reason I say it has to be grounded in risk is because every single loss should be within the acceptable threshold. If you have outsized losses, your entire mathematical equation of how your process works is gone, it’s out the window. If you don’t ground your process in risk, you won’t last.
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Friday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on February 16.
(All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time)
1. $HOLO: MicroCloud HologramTotal gain: (121%)
The stock appeared to be moving on no notable news.
2. $CPOP: Pop Culture GroupTotal gain: (102%)
The stock appeared to be moving on no notable news.
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3. $HTOO: Fusion Fuel GreenTotal gain: (88%)
The company announced it has received notification from the European Commission that the Company's HEVO-Portugal project was among 33 selected for approval. Benzinga reports.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
BCS Barclays
Quarter 4, 2023
Before Market Open
Estimate: 2.40
Actual: N/A
HD Home Depot
Quarter 4, 2023
Before Market
Open Estimate: 2.76
Actual: N/A
WMT Walmart
Quarter 4, 2023
Before Market Open
Estimate: 1.63
Actual: N/A
Today’s Key Economic Dates
Time (ET) / Report / Period
10:00 am
U.S. Leading Economic Indicators January
Extra-Time
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Parting Thoughts
“When you learn the trading skill of risk acceptance, the market will not be able to generate information that you define or interpret as painful.” — Mark DouglasSourced in: Trading in the Zone Master the Market with Confidence, Discipline, and a Winning Attitude By Mark Douglas · 2001