Home › Market News › Losing Is Your Superpower!
The Economic Calendar:
MONDAY: CB Leading Index (9:00a CT)
TUESDAY: Fed Chair Powell Speech (7:30a CT), Redbook (7:55a CT), Richmond Fed Manufacturing Index (9:00a CT), Fed Bowman Speech (12:00p CT), Money Supply (12:00p CT), API Crude Oil Stock Change (3:30p CT)
WEDNESDAY: MBA Mortgage Applications (6:00a CT), Existing Home Sales (0:00a CT), EIA Petroleum Status Report (9:30a CT), 20-Year Bond Auction (12:00p CT)
THURSDAY: Building Permits (7:00a CT), Chicago Fed National Activity Index (7:30a CT), Jobless Claims (7:30a CT), S&P Global Composite PMI (8:45a CT), New Home Sales (9:00a CT), EIA Natural Gas Report (9:30a CT), Kansas Fed Manufacturing Index (10:00a CT), Fed Balance Sheet (3:30p CT)
FRIDAY: Durable Goods (7:30a CT), Baker Hughes Rig Count (12:00p CT)
Key Events:
The amateurs hold their losers and cut their winners because their ego is attached to being right. You’re not trading to be right—you’re trading to make money. Every loss you take quickly and cleanly is proof that you understand something most traders never will: your edge isn’t in predicting the market, it’s in managing risk.
When George Soros takes a loss, he’s not admitting defeat—he’s preserving capital for the next opportunity. That losing trade isn’t a reflection of your skill; it’s a cost of doing business. The moment you can walk away from a bad position without emotion, without looking back, without hoping it comes back—that’s the moment you separate yourself from the 90% who blow up their accounts.
Your Confidence Comes from Capital Preservation
The reason Stanley Druckenmiller admired Soros wasn’t because he won every trade—it’s because he knew he could afford to lose on any single trade. Real confidence doesn’t come from being right; it comes from knowing you’ll survive being wrong. Every small loss you take is an investment in your longevity.
When you honor your stop loss, you’re not just protecting your account—you’re building the psychological foundation that allows you to trade size when the real opportunities come. The trader who can’t take a $100 loss will never be able to risk $1,000 for a $3,000 gain. Your ability to lose small is what permits you to win big.
Freedom Lives on the Other Side of Attachment
The market doesn’t care about your hopes, your mortgage payment, or how sure you were about that setup. The faster you can detach from any single trade, the faster you can find the next winning opportunity. Every second you spend hoping a losing trade will turn around is a second you’re not scanning for fresh setups.
Soros understood that emotional attachment to positions is the enemy of profit. When you can cut a loss as easily as you’d delete a text message, you’ve achieved something most traders never will—true market freedom. Your job isn’t to be married to your positions; it’s to be married to your process. Let the bad trades go, and let the market show you where the real money is.
U.S. equities experienced a strong week, pushing the S&P 500 and Nasdaq to new record highs, driven mainly by positive Q2 earnings and better-than-expected economic data, including softer inflation and robust retail sales. The S&P 500 saw a 5-day gain of 0.28%, while the NASDAQ 100 recorded a 5-day gain of 1.05%.
While trade tensions and concerns over Federal Reserve independence remained in focus, positive corporate commentary, notably from major banks and Netflix, supported market sentiment.
Despite President Trump’s continued tariff threats against the EU and Mexico, the immediate market reaction was buoyed by resilient economic indicators and easing concerns about inflation.
Will Trump follow through on tariffs? Or TACO?
On the trade front, Trump announced a 30% tariff on EU and Mexican goods starting August 1 and reportedly pushed for a 15% to 20% minimum tariff on the EU on Friday. It sounds like it’s still being negotiated.
We are positioning for volatility around August 1.
Major banks, including JPMorgan and Bank of America, kicked off earnings season, with their CEOs describing the U.S. economy and consumers as “resilient.” Streaming giant Netflix also contributed to the positive sentiment by delivering a “beat-and-raise” quarter.
This week, we are watching notable reports from GOOGL, IBM, INTC, KO, TSLA, GM, and CME.
Fed Fund futures price in a 97.4% chance of no move at July FOMC, just 2.6% for a 25bp cut. The CME FedWatch tool shows only a 58% chance of a cut in September, down from 70.4% a week ago.
Fed Chair Powell has a speaking engagement on Tuesday. Rate watchers are looking for any clues of Powell folding to Trump’s unstoppable jawboning for lower Fed Fund rates. Fed Chair Powell will speak at a bank conference in Washington, D.C. on Tuesday.
Trump wants a Fed Chair who will immediately lower interest rates. Jitters over monetary policy independence have escalated after media reports suggested that Trump was close to dismissing Powell.
Trump floated a trial balloon, and the market responded by selling Treasury and Stock Index futures. He then addressed the issue later in the day in a press conference. The independence of the Federal Reserve became a central theme following reports that President Trump might replace Chair Jerome Powell; however, Trump later stated it was “highly unlikely” that he would remove him.
Source: Polymarket
We have been stuck in trading ranges lately in Gold and Crude Oil futures.
Source: TradingView
Source: TradingView
We could see some near-term support for the U.S. dollar, but the medium-term outlook remains bearish.
UBS research lists our opportunity of the week as being long EURUSD at current levels, targeting 1.20 in the next few months.
Source: TradingView
We are watching key BTC levels at $115,000 support and resistance $123,000.
President Trump has officially signed the GENIUS stablecoin bill into law — a landmark moment that’s helping push the crypto market to new highs.
The total crypto market cap briefly crossed $4 trillion, and Coinbase stock hit a new all-time high amid the policy momentum.
Institutional optimism drove $1.2B in Bitcoin ETF inflows, with BlackRock’s ETF hitting $80B.
While Bitcoin’s volatility has significantly decreased over the past year, with its 60-day volatility now barely exceeding that of the S&P 500, the broader altcoin market has seen considerable activity.
Some altcoins and meme tokens showed outsized gains. Leading the pack were FLOKI (+34.9%), BONK (+26.3%), LidoDAO (LDO) (+24.5%), Hedera (HBAR) (+23.48%), and Cronos (CRO) (+20.66%). Other notable performers included Ethereum Classic (ETC) (+19.9%), XRP (+19.39%), Uniswap (UNI) (+16.9%), Cardano (ADA) (+15.27%), and Dogecoin (DOGE) (+14.39%). FLOKI, a meme-inspired token, notably surged 34.9% on the day of reporting, reportedly benefiting from the passage of the crypto bill.
Source:TradingView
These performance charts track the daily, weekly, monthly, and yearly changes of various asset classes, including some of the most popular and liquid markets available to traders.
