Peter Tuchman
๐ค SpeakerAppearances Over Time
Podcast Appearances
I cannot tell you for sure that's going to happen. But the market tells me on a day-to-day basis throughout all the things we've seen this year that there is so much money on the sidelines, people who haven't jumped in yet who are jumping in. People are putting money to work. They don't want to miss this boat.
So many of them have missed the boat, whether it's in crypto, in equities, in the S&P, in tech, right? Because nobody ever wants to pay the high. And all year, every day, every week, every month, this year, we've had 57 record closes this year. Imagine that. I don't have any trading days every year, but we've had 57 record closes this year at the New York Stock Exchange. Isn't that crazy?
So many of them have missed the boat, whether it's in crypto, in equities, in the S&P, in tech, right? Because nobody ever wants to pay the high. And all year, every day, every week, every month, this year, we've had 57 record closes this year. Imagine that. I don't have any trading days every year, but we've had 57 record closes this year at the New York Stock Exchange. Isn't that crazy?
So many of them have missed the boat, whether it's in crypto, in equities, in the S&P, in tech, right? Because nobody ever wants to pay the high. And all year, every day, every week, every month, this year, we've had 57 record closes this year. Imagine that. I don't have any trading days every year, but we've had 57 record closes this year at the New York Stock Exchange. Isn't that crazy?
So it's like, I don't want to pay the high, but I'm sitting around watching today's high, maybe tomorrow's low, right? So look, there's always opportunity in markets. There's never a bad time to buy the market. If you're thinking about a long-term investment, disclaimer across the board, I'm not your advisor.
So it's like, I don't want to pay the high, but I'm sitting around watching today's high, maybe tomorrow's low, right? So look, there's always opportunity in markets. There's never a bad time to buy the market. If you're thinking about a long-term investment, disclaimer across the board, I'm not your advisor.
So it's like, I don't want to pay the high, but I'm sitting around watching today's high, maybe tomorrow's low, right? So look, there's always opportunity in markets. There's never a bad time to buy the market. If you're thinking about a long-term investment, disclaimer across the board, I'm not your advisor.
I'm just trying to get you into the right mental state and psychology of learning how to trade and invest correctly, taking the emotion out of it. Your first trade, if you are making an investment in a company, do your homework. Check out the company, the four Ps. Process, product, profitability, and the people. That's what makes a good company, right? I learned that from Marcus Limonis.
I'm just trying to get you into the right mental state and psychology of learning how to trade and invest correctly, taking the emotion out of it. Your first trade, if you are making an investment in a company, do your homework. Check out the company, the four Ps. Process, product, profitability, and the people. That's what makes a good company, right? I learned that from Marcus Limonis.
I'm just trying to get you into the right mental state and psychology of learning how to trade and invest correctly, taking the emotion out of it. Your first trade, if you are making an investment in a company, do your homework. Check out the company, the four Ps. Process, product, profitability, and the people. That's what makes a good company, right? I learned that from Marcus Limonis.
That's what makes a good company, okay? But look into the company, and if nothing's fundamentally changed when the market falls back, and you've been holding off on buying the stock because you didn't want to pay record highs, have your shopping list and jump in there. Make a determination how much you totally want to invest in that company.
That's what makes a good company, okay? But look into the company, and if nothing's fundamentally changed when the market falls back, and you've been holding off on buying the stock because you didn't want to pay record highs, have your shopping list and jump in there. Make a determination how much you totally want to invest in that company.
That's what makes a good company, okay? But look into the company, and if nothing's fundamentally changed when the market falls back, and you've been holding off on buying the stock because you didn't want to pay record highs, have your shopping list and jump in there. Make a determination how much you totally want to invest in that company.
And may your first dive into that company be your smallest. And then add on. If it goes up, add on. Going up, if it comes in, average into the stock. That's the only time you ever average into a stock. Anyway, ladies and gentlemen, it's a beautiful day here, even though the market sold off. These are days where it's fascinating to see
And may your first dive into that company be your smallest. And then add on. If it goes up, add on. Going up, if it comes in, average into the stock. That's the only time you ever average into a stock. Anyway, ladies and gentlemen, it's a beautiful day here, even though the market sold off. These are days where it's fascinating to see
And may your first dive into that company be your smallest. And then add on. If it goes up, add on. Going up, if it comes in, average into the stock. That's the only time you ever average into a stock. Anyway, ladies and gentlemen, it's a beautiful day here, even though the market sold off. These are days where it's fascinating to see
how everyone talks about it, how other parts of the market sort of fall suit when we do sell off. We haven't had that many. I mean, literally, we've had seven, eight at most. I would say we've got, you know, you can count them on one hand if you had seven fingers. How many times we've had any kind of consolidation sell off correction this year at all. And I don't even think we've had a correction.
how everyone talks about it, how other parts of the market sort of fall suit when we do sell off. We haven't had that many. I mean, literally, we've had seven, eight at most. I would say we've got, you know, you can count them on one hand if you had seven fingers. How many times we've had any kind of consolidation sell off correction this year at all. And I don't even think we've had a correction.
how everyone talks about it, how other parts of the market sort of fall suit when we do sell off. We haven't had that many. I mean, literally, we've had seven, eight at most. I would say we've got, you know, you can count them on one hand if you had seven fingers. How many times we've had any kind of consolidation sell off correction this year at all. And I don't even think we've had a correction.
We surely haven't had a crash, but we've had a couple of pullbacks that a couple were significant. Right? But I've talked about it. We had an April 7% pullback. Normal after the first quarter since 2019. May and June, everybody talked recession, depression, all that stuff. That didn't happen. July, a little bit of a pullback. August 5th, the Black Monday crash in Japan.