The Tape Doesn't Care About Your Opinion
Everybody had a thesis going into yesterday's CPI print, and the market ran over most of them by 10 a.m.
Read the full letter →"Honest thoughts from an honest man."
A rancher turned trader. One blunt letter every morning before the open, nothing held back and no bull...

Everybody had a thesis going into yesterday's CPI print, and the market ran over most of them by 10 a.m.
Read the full letter →Fund managers dress up the books every quarter. Here's how to spot the moves that reverse in the first week of July.
Live cattle hit another contract high this week. What I'm seeing from the ranch side of the trade.
Your entry matters less than you think. A walk through the sizing math that keeps one bad trade from becoming a bad year.
Good news, red close. Bad news, green close. When price disagrees with the headline, believe the price.
Weekly rundown of names near buy points, with the levels that would prove me wrong on each one.
I trade stocks from a ranch outside Hall, Montana — between feeding horses and fixing fence. I've studied the old operators like Jesse Livermore and I write the letter I always wanted to read: short, honest about losses, and focused on the tape instead of the noise. Nothing here is financial advice; it's one trader's daily notebook, published.