Investor's Edge with Gary Kaltbaum - Happy Thanksgiving! [11.26.2026 w Adam Sarhan]

Episode Date: November 26, 2025

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That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Adam Sarhan. In for Gary Kay, who's out today.

Today is Wednesday, November 26, 2025. I want to wish everybody a very happy Thanksgiving. Also holiday season. We have a great show for you tonight, as always. we've got a lot to cover. Jump right in and in the middle here, but a little housekeeping. Just as a quick reminder,

if you don't get this show in your city, you can go to garyk.com, you can listen live or archive. We are live Monday through Friday, 6 to 7 p.m. Eastern. Also at garyk.com, you can follow Gary on Twitter or X, formerly known as Twitter.

Just press the button. You can subscribe and Gary's morning notes sent directly to your inbox for free. You can email Gary directly, ask about his money management services, read his commentary. And if you want more, Gary's premium service is convictionleaders.com.

Once again, you could take a free trial over there at convictionleaders.com. He updates members several times a day with what he sees with annotated charts. He does daily webcasts, in-depth webcasts, gives pivot points, buy points, you know, actionable ideas and sell points, all this fun stuff. A lot of that's available. Well, all that's available at convictionleaders.com. All right, everybody, this is a, I guess a holiday, shortened holiday, week. A lot's happening and I'm going to read notes from Gary first and then I'll share everything else second because I want to make sure, you know, I'm just the messenger like they say. I want to

make sure that I can get my notes across and not miss anything. So with Gary, the big thing here is last week the market was selling off hard. And it's interesting because markets, it remind me of like a green light red light scenario where after every green light, what happens? You get a yellow light and then you get a red light. After every red light, you get a green light and vice versa. So green red, red, red, green, just to keep it simple. Markets are the same way. Markets go up. That's a green light. All right, pause, yellow light, a pullback, which is what just happened. Or going down, a downtrend would be a red light. You know, red light, yellow light doesn't matter to me. It's down. It's either up or down, right? Or sideways. That's all the market can do. So market goes up as a green light,

goes down sideways or down. That's a red light. And then what happens after every pullback? You get another green light. After every red light, you get a green light. And then goes back. because I wanted so forth. So we had a very steep pullback in the first few weeks of November. This week, shortened holiday week, we had a very, very impressive rally, or we're having, not had, we're having a very impressive rally as the market bounces from oversold levels. So a few things. Here's from Gary. Gary's been saying basically an outstanding comeback. When I go back and backdate my charts to the close of last Thursday, I would have bet anybody, were heading lower and instead we walk into a gap up on Friday and nothing but upside since.

Gary says he thinks the combination that the thought of no Fed rate cut to a guarantee of a Fed rate cut in December is doing the trick and then leaking that Kevin Hassett being the new Fed head put some whipped cream on top of the ice cream because we will, he will be an arm of Donald Trump who wants 1% Fed funds rate, which is much lower than where it is now. Basically he wants to fed the cut rates. Keep in mind, market. It's just backed into the range, the prior trading range. It was in before the big drop. But the broad market is really starting to pick up.

And he mentioned a lot of this earlier in the week on Friday as well. So those are notes from Gary. Again, coming into this week, market was oversold. It was due to bounce. And what happened? Instead of going down even further, we had a massive, massive rally. And in fact, the rally was so big. that on a weekly chart, if you look right now on the QQQ and just type in weekly chart on any

charting platform you want, we pretty much have recovered all of last week's decline. And earlier today, we're actually above the high of last week. So the entire sell-off from last week has been just last week, has been repaired. Not only that, we're back above the 50-day moving average, which is super, super important. So big recovery this week. Now, volume, which again, price is primary, volume is secondary, has been below average. It's a shortened holiday week. Any enter any reason you want.

What matters for me is very simple. It's price first, everything else second. Why? Because what shows up in your statement? Price. Everything else, including volume and earnings and schmernings and funders. fundamentals and technicals and charts and schmarts and everything else doesn't show up in the statement. It's price.

So that to me is king. That's primary. Driver's seat. Everything else is secondary. Not to say volume is important. It is important. But price is more important. That's all.

Same thing with earnings and charts and all that other stuff. Price is primary. Everything else is secondary, in my opinion. So what happens is prices get stretched both up and down. Why? Because humans are emotional creatures. We make decisions based on emotions. We justify it later with logic, but we're emotional creatures.

And that's just the way the markets work. They get stretched up and down. So from the recent high in late October, up until last week's low, I think the NASDAQ went down about 6, 7%, 8%, somewhere in that range. It was under 10%. It was just a pullback. And that happens multiple times. The S&P 500, same thing.

Happens multiple times when you get these pullbacks. The S&P now is only a... percent and a half below an all-time high. I mean, pretty much the entire pullback over the last few weeks has been recovered in the S&P. The NASDAX, only three and a half percent below an all-time high. Not to say this is a strong environment, not to say, hey, you need to pound the table, buy, bye, bye, bye, bye, no, no, no, no. It's just this is, I have to respect the strength. Like Gary said, last Thursday, everything under the sun said, hey, we're probably going way lower. guess what instead we're back above the 50 back above the 21 day moving average and within

you know a few percentage points one or two good up days and we're at all-time highs super strong remember folks it's not the news that matters it's the reaction to the news and when the markets refuse to fall in a meaningful way what that tells me is that instead they're going to go up doesn't have to we can easily roll over tomorrow anything can happen there's news that in what West Virginia's National Guard had died in D.C. shooting or two national guards have died in D.C. shooting. And news can come out any point in time. That could be bullish or bearish. But the reaction to the news folks is what matters. As we head into the end of the week on Friday's markets are closed on Thursday, I always like to zoom out. Looking at a weekly.

Okay, guess what? We were down three weeks in a row in the NASDAQ and we recovered all of last week's low and then some this week. That could change, but most likely Friday be a quiet day a little bit up. I rarely see huge outlier moves on Black Fridays. I mean the day after Thanksgiving. It closes at 1 o'clock Eastern that day. It could, but it's rare. So most likely this is an up week in the market. For the month, which is very impressive as well, if you zoom out and look at a monthly chart, we're in the upper half of the range. That is extremely impressive, considering I mean, all that happened in four trading days, the recovery. And I said that, and I think last time I was on the show just a few weeks ago,

hey, in October, we opened lower, closed higher, and I wouldn't be surprised if it happened again. I didn't think it would happen again either. I agree with Gary. We look at last Thursday, and like, okay, we're probably going lower here. But the recovery, where we are now, the upper half of the range, even if we close here for the month, as we end, you know, the end of month is right around the corner. It's an extremely impressive month. they're recovered, assuming that we don't have a huge sell-off before the month end.

But if we just close here in the upper half of the range, or if we close up on the month, extremely impressive. Both in the S&P, in the NASDAQ, you can go even further, look out the Dow, upper half for the range. The Russell 2000, which is weaker on a relative basis, is actually up on the month. As of right now. Now, that could change. The mid-cap, M-D-Y, the S&P-400, up on the month. extremely impressive.

Doesn't mean we have to head higher. All it means is that we're in a bull market. And surprises and bull markets typically happen to the upside, not the downside. That's where my thought process is. So we have a situation here where, okay, maybe the baton is being passed off like a relay race from leadership. AI stocks we're leading on the way up. Maybe now they're going to pause for a little bit. can see other areas start catching up.

Or maybe the AI stocks have a little pullback or a correction, and now they're going to go right back up again. Either way, I'm open to anything. All I know is that the bears had every chance in the world to send the market lower, and they didn't. Instead, we rallied. And now we're on track. Some of these indices like the small ones and the midcaps are already up on the month, which is extremely impressive. And the big ones, the S&P, NASDAQ, and Dow are almost up on the month, again, extremely impressive. So, and we're back above the 50. And sometimes you just have to zoom out and just watch these moving averages and say, oh,

okay, where are we? Where'd we close? What happened? What matters? You know, yesterday we had a little bit of selling into the clothes last few minutes. Same thing today. No big deal. No big deal.

Dow's up 350 points. Let's see. Here give you some end of day data. what happened today let's go here it's a nice update today that's up yeah about 315 points close at 47,427 the s&p's up 46 points closed at 6812 and the NASDAQ is up 190 points thereabouts close at 23 to 14 so it's an update that's important keep that in mind as you move forward it's really important because it's not the news it's the reaction to the news that matters. Up next, we've got a lot more to cover. I'm Adam Sarhan.

This is the one and only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be,

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You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. In case you're just joining us or missed any part of,

the show, you can go to garyk.com, rewind, fast forward, listen live or archive on your convenience on any device, all for free on GaryK.com. All right. So a few things. Short and holiday weeks spoke about the very impressive rally we had since last Friday, gap up or last Thursday, but last Friday. And what's happening now is the environment remains very, really just remains strong. Let's look under the market's hood. So I'd love. You know, we're in a few thoughts here. Number one, it's a stock market, but really it's a market of stocks. What makes the NASDAQ go up or the S&P 500 go up?

The NASDAQ 100, the SB 500, whatever it is, right? It's simple. It's the stocks in that index. Really, really, really simple. So, okay, where are we right now? When you look at the stocks, the market of stocks, if you see a lot of movers up and a little bit of movers down, guess what? A little look under the market's hood.

a little edge, right? The investor's edge. So I would do this manually. I would scan thousands of stocks and I would sit there and say, okay, moving up, moving down, which stocks are breaking out. And like Gary caught me, and I learned from Gary, just get a yellow pad and paper and just write and manually do it. Next page, do jujoo-joo-joo.

Movers up, moveers down, circle the ones that we like, breakout setups, which ones have strong earnings, which, you know, do the work. Then I'm like, all right, we live in 2025. There's a way to automate this. It took me about two years. We were able to automate it. Built the website, share it with other people to help other people. It's called Breakouts and Setups.com.

So it's Breakouts and setups.com. You can get access to free. Three free breakouts every day, breakdown, setups, everything I'm about to share. All for free. You want to take a free trial, by all means, go for it. But it's free. The first three, and then the rest of them, to unlock it. there's a paid wall behind it.

So, and again, it's $39 a month. So it's not like I'm sitting here saying, oh, it's a billion. It's really simple. But there's fees to charge data for this stuff. That's why there's a fee, right? All right. So it costs me money, right, to put this up. So that's why there's a small fee here, that $39.

But again, you can try it. You don't like it cancel. You like it stay. I love it. And that's why I built it. So breakouts. Under the markets hood, we had 52 stocks breaking out today. So 52 stocks breaking out.

Breakdowns. We had six. So 52 breakouts, six breakdowns. Right there, that tells me a lot. Remember, I always like to say the market is speaking and then ask, are you listening? Why? The market's not literally speaking to me verbally. It's nonverbal.

In fact, nonverbal communication, folks, is how most humans communicate more than verbal. You should Google it. It's crazy when I learned that stat. Most communication is nonverbal. Obviously, humans speak, so there's verbal communication as well. But nonverbal communication is extremely part of how humans communicate. The markets aren't literally talking to me, but they're nonverbally speaking. And here's how I listen.

One of the ways I listen. Look at the price action, first and foremost. Second, look at volume. Third, look under the market's hood. Look at the number of breakouts, almost six. 52. We had almost 60. I'm going to round up here to 60. Why for the simple math that there's six breakdowns, almost 10x the number of breakouts. 10 times six is 60. We have 52 breakouts. That's almost 10 times a number of breakdowns. To me, that is a bullish day. Bullish day. Movers.

We have movers up and we have movers down. Today, we have 382 stocks moving up. That means stocks that are over 3%, up over 3%, only 68 moving down. 382 up, 68 down. And this all updates in real time, folks. Right when the market opens, I can see breakouts. Admitted into it, two minutes, into it, five minutes into 10 minutes, all day, and it updates. So when the market's really weak, if the stock gets above the breakout point, it's a breakout. If it goes below the breakout point, it's not a breakout anymore.

we move it over to another list. So we only want to keep stocks on that are actually above the pivot point or above the breakout point on that list, like Apple, AAPL. Apple broke out yesterday. It was on the list almost all day, but it sold off in the close, closed below the breakout point or the pivot point. This was Apple yesterday. So we moved it from the breakouts page. We moved to the below breakout point page. Why? Because by the end of the day, it wasn't above the breakout point, Right. So all of a sudden, if you see a strong open and the market sells off all day, you'll have a lot of breakouts in the morning right around the open. And then the breakout start moving off that page to another page below breakout point. Guess what? That's a little subtle sign of strength, little edge that, oh, the market might be getting weaker. Or the opposite could be true. You don't have a lot of breakouts and then all of a sudden, boom, boom, boom, boom, boom. A lot of breakout start showing up. That tells me something's happening under the surface. And lots of times just yesterday, I saw that. We had. I think there was like 600, 800 movers. Okay, there's one of two.

So on Monday and Tuesday, two up days in the market. I believe yesterday, let me check. I want to make sure. Yeah, yesterday, which was Tuesday, we had 866 movers up, 66 movers down. I saw this around noon. The market was down because a few big cap stocks were down. 866 movers up yesterday, 66 movers down. I'm like, there's no way.

And what happened? market rallied right after I saw it happened to be I just got lucky right after I saw that the rest of the day the market rallied for the rest of the day boom boom boom boom boom it was 600 that 700 and 800 closed at 866 movers up again a subtle but important sign of how the markets are communicating in real time that was Tuesday if you go back and you look at Monday's action on Monday there were 631 stocks moving up 102 moving down again it's the market speaking, my job is to listen. So when I look at this throughout the day and it's updating in real time, lots of times the market's actions maxed with a few big cap stocks. Like Apple's a big

weighting index in the index, you know, the big ones, Apple, Google, Microsoft, so on and so forth. Alphabet, you know, it's Google and meta instead of Facebook. All these big stocks, Oracle. Few of the big one, Qualcomm. They big weighted stocks, big market cap. They mask a lot of the action under the markets hood. But this shows it to me in real time and it updates in real time. Up and down. Now we've got gap up. We've got 17 stocks gaping up today. That's seven gapping down. Well, all right, I'm going to go through them. And TNX, gap down. And it was a breakdown too. Workday gap down on earnings. Z-scaler gap down, broke below the 200 day. AMBA, Amberella gap down today. PD, Chinese, sorry, pager duty, down to.

23% and one or two other ones. And that's it for the gap downs. The ones that gapped up, ASML, nice gap up today, close lower half of the range. Robin Hood, Gapping up because Bitcoin's recovering. Tiva, T-E-V-A, T-V-A, T-Farmaceuticals. We had a lot of healthcare stocks and biotech stocks breaking out. That's the next thing I'll get to. Harmony Gold, H-M-Y, little gap up today.

Again, these aren't breakouts per se. They're just gap-ups. We have breakouts on another page, right? urban outfitters gapped up nicely today, so on and so forth. And you can go on and on and on and on. And then you go to the next page. We have new highs and new lows. There's 52-week highs and all-time highs. I check that throughout the day and they update in real time. We, oh, there's all the time we have for right now. I'll get back to this in a second. I'm Adam. Sorry, I want to thank you very much for being here. This is the one and only investors edge.

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That's Tommyjohn.com code comfort. Tommy John, Comfort perfected. This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.

Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing.

Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Coltbaum.

It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investors Edge. I'm Adam Sarhan in for Gary K. So today is November 26. We want to say happy Thanksgiving. It's a shortened holiday week. The market is closed tomorrow on Thursday.

and it'll be a half day on Friday. If the market closes today, right here, right now, it's going to be up nicely on the week, back above the 50 day, back above the 21 day, depending on the index you want to look at on a weekly basis and daily basis as well. Well, it's up on the week. It's up on the day as well, but it's up on the week.

Also for the month, the S&P and NASDAQ are about to turn positive. They're in the upper half of the range. The Russell 2000 and the mid-cap S&P 400 are already positive on the month, which is extremely impressive, considering last week the market looked like it was going to roll over and go way lower. So we're in a situation now where the environment is strong, just to be very clear, and we're going through and talking about discussing how I take a look at the market action under the hood, you know, what's happening throughout the day.

Get a little bit of an edge. Under the market's hood, even at the end of the night after the market closes, go through. It takes two minutes. Click on breakouts, click on breakdowns. Which one, one, one, up or down. Think of it like a game of tug of war. How many movers up? How many movers down?

We ended off with 52-week highs. How many 52-week highs? And by the way, if this doesn't work for it, you don't have to do it. I'm just sharing what works for me in case it does help you and work for you. I want a number of 52-week highs throughout the day. And this updates folks in real time. So I've got 149 stocks today that are hitting new 52-week highs. And I've got 59 stocks hitting all-time highs.

52-week lows only got five. all-time lows, I've got two. So, all right, 52-week highs, I've got 150. I'm going to round up, 150, there's 149. Let's just say there's 150, 52-week lows are five. Wow. Now, last week when the market was falling apart, it was the exact opposite. Movers down, hundreds, movers up, single digits, or maybe low double digits on any

given day. So in real time, I can see stocks break now. out. I can see stocks breaking down. They're updated in real time. And I can see movers up and down. I can see highs and lows. I can see extended hours. Guess what? We also have a setup section. Wave a magic wand out and what do I want to see. This is what we built, right? And anything you want to see, feel free. Send this an email. Info at market terminal.com. The website's breakouts and setups, but that's the email address that we're currently using. So our setups, we've got tight setups, broad setups, large cap setups, and small and mid-cap setups.

Again, this way you can see the stock before it breaks out. Now, why do I want to do that? It gives me an edge. Think of it this way. If I tell you, oh, this guy broke out and he's up 20%. Great. What's in it for me? Setups.

That's what's in it for you in addition to the real-time breakouts, in addition to everything as I mentioned, getting a look at keeping your finger on the markets post, getting a look under the markets hood. We also added a history section, which shows historical breakouts. We just started tracking them, so we can't go back a year from now, but just a few days ago, we started tracking them. So now you can see, hey, is it how much percent above the pivot, above the entry point, the breakout point is the stock? And you sort them by strongest percent to lowest. All that's really powerful. So again, sharing it with the intention to help. Nothing more, nothing less. All right. On to subjects that are equally, if not more important. When you find a stock that you like,

what do you do, Adam? I get that question all the time. Well, position sizing is super important. Mui and portanto, like they say in Spanish. Why? Because if you have too big of position, the size can really throw off your emotional equilibrium, meaning what? If the position's too big, for your portfolio. And it goes down a little bit. Remember, stocks go up, down or sideways, and stocks do go down, even the strong ones. If it's too big of a position,

people end up making emotional decisions and they'll sell it or blow out of it prematurely and then miss an even bigger move because it's too much of their portfolio. So like Navidio, for example, right now, even with the comeback, is down 15% from its 15% to, week high just hit three or four weeks ago. I mean, that's a pretty decent decline, if you ask me.

That's, you know, correction territory. Palantir is down 20 percent, and that's with the rally back this week from the 52 week high just a few weeks ago. So if I had 100 percent of my portfolio in one stock and it goes down 15 percent or 20 percent, I just lost 15 or 20 percent of my portfolio. No, bueno. That's not good. Now, if it goes down 50 percent or even like, Pager duty, PD, goes down 20 gaps down on me on earnings or whatever. Bye-bye. And it's very difficult to recover. It's not me.

It's just the math. If you look at the math, folks, the small losses, much easier to recover from than the big losses. Meaning if you buy something, just easy math and it goes down 50%, you need 100% gain to get back to even. You buy something at 100. It goes to 50. Now the stock's at 50. You lost 50%. From 50 for it to go back to 100, it has to go up 50.

So 50 plus 50 is 100% of 50 for it to go back up. You just lost 50%. It needs 100% gain to go back to even. How often does it not go up 100%? Especially after it was just cut in half. Extremely rare. So you're down 10%, you need 11% gain to get back to even. 25% down, 33% gain to get back even.

Just knowing how math works. And then it's not linear. set me free in a very big way. Because now I can position size, not based on my entry to exit, like I used to do, based on the impact on my portfolio. So the sizing of the position will adjust

based on how it impacts my portfolio. If I buy it 100, I have a 10% stop, let's say, which is very wide for me. Some people go wider, but for me, I usually 5%, 7% below my entry. But let's just say easy math. I buy it at 100. I have a sell stop at 90.

I'm down, you know, okay, the stock goes down 10%, then I sell it in this hypothetical example. Well, what does that tell me? What my position size? Did I buy the entire, my portfolio in one stock? No, I used to in the old days when I got started when I'm a teenager. I didn't know any better. I was in the 90s. I'm like, oh, yeah, just go all in.

You know, no, a quick way of getting the account to pretty much negative, not even zero, below zero. And then what happened was you get hit. So if it's a smaller position, let's say it's a 10% position and it goes down 10% and I get stopped out. I lose 1% of my overall portfolio. So when I size things now, again, I'm just creating hypothetical examples here, no investment advice and do your own due diligence and all that fun stuff. This is just general and informational purposes only. What happens? I can control myself and my reaction when the market goes down.

Because if it's a small position and the worst case scenario is if it does drop 10%, percent, I know I'm going to only lose one percent of my portfolio. So if I have a $100,000 portfolio, I'll lose $1,000. Okay, I can stomach that. So when it goes down, I'm not going to quote unquote panic or freak out or any other word you want. I can stay calm because the position size and the exit was determined before I even entered. So before I ask, enter anything, I was asked myself, when am I going to enter? When am I going to exit? And how much do I risk if I'm wrong. Why? Because that gives me a semblance of control. Think of like a flight path. So it gives me the ability to say, oh, okay, if there's turbulence or if there's weather, I can adjust, course adjust,

right? Stock goes up, great. But it gives me the ability to plan. And then if there's another position I like, there's more cash and there's firepower for a second position, so on and so forth. and then any one stock is not going to destroy my portfolio because it's sized correctly in advance. So it helps me prepare for those inevitable pullbacks and corrections and so on and so forth. Because they happen, you know, especially with these big growth stocks that I personally like the leaders that I like to invest and trade and so on and so forth. They're going to have big swings both down and up.

There's upside volatility and there's downside volatility. volatility, right? That's just the Wall Street lingo trying to solve. It's a euphemism for the market's going to go up, but the stock's going up a lot and it's going down a lot. But I want to be prepared. If I had too much in my portfolio, I'm just going to get out because I can't withstand a normal pullback. And then I'll miss the inevitable rally, the green light, the green light that follows the pullback. But if it's positioned properly, and I thought all of that out in advance, guess what? I can breathe the collective sigh of relief and say, oh, okay, this is not exactly going to I know what's happy.

I can plan this already. It's not going to crush me or whatever, throw me off or anything like that. So that's really, it helped me out a lot. It gave me a sense of structure and that structure allows me to be disciplined. And that discipline is super, super, super important. Because over time, it's being consistent and being disciplined. That's what wins, just about any race. So we're in a situation here as you go through and you look.

look for leaders and you look for stocks, you look for breakouts, understand we're in a bull market, understand... Oh, there's the music. All right, understand. I'll be back with a lot more to cover. Understand there's always another trade in front of you. But anyway, I'm Adam Sarhan. This is the one and only Investor's Edge.

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microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Investers Edge with Gary Kulp. And welcome once again to Investor's Edge. I'm Adam Sarhan, in for Gary Kay, who's out today. So, a few things here. As we wrap up and last few minutes left in the show, want to wish everybody very happy and healthy Thanksgiving and holiday season. The markets are closed on Thursday as a reminder.

And then Friday is a half day. Market closed at one Eastern. All right. As we go into end of the week, we're in a bull markets. Markets are strong. Just to recap what we covered so far. We had every chance in the world to fall last week. Instead, we rallied and we rallied hard this week, which is very impressive.

Small cap, mid-cap, mid-cap indices are up on the month, which is very impressive. I wouldn't be surprised if the big caps aren't up on the month in the next few days by the time and the month rolls around and in December tends to be a strong period as well. So actually Friday is the last trading day of November and then December 1st is Monday. So we'll see. We'll see what happens on Friday. Friday's a black Friday and it's a half day. So either way, even if we close in the upper half of the range, it's still a very strong month. We've been up in every single month since April. This month may be down just to just a little bit. little bit. That's okay. It happens. And we'll be closing the upper half of the range. Suttled but strong sign of strength. So a few other things here. Getting an edge in the market, investors edge, right? Looking at these stock, look at the stocks. Markets of, it's a stock market.

It's also a market of stocks, right? Lots of stocks are out there. What are they doing? Learn that skill. You don't have to use breakout. So it's use whatever you want. I just built it because it's easy and It's super, super simple. But use whatever you want. A lot of this information is available online. Stocks moving up. Stocks moving down. Stocks moving down on volume.

After hours movers. Find those stocks. You want to scan, scan. I scan for years. I still scan. I've built a lot of this to automate it. Save me hours and hours and hours and hours. And hours and hours.

But go use anything you want. Find the stocks and just listen. Find the stocks that are moving. Up down. Do we have more movers up? More movers down. Simple. Keep it simple. It's so powerful. And again, you get the information anywhere you want. So we talked about position sizing. Spoke about understanding numbers, how mathematics works. Why? Math is so powerful.

The end of the day, this is all numbers. You can say anything you want. It's numbers. Percents, dollars. Another skill, I try to share timeless lessons with you that I've, quote unquote learn along the way because I'm not on every day like Gary so when I'm on I want to just zoom out and share timeless stuff with you that you know lessons you can use is the thing nuggets have changed my life so one of the things that happened to me as I grew my portfolio was money it would mess with my head we're all emotionally attached to money very simple doctors can't operate on their immediate family because there's an emotional attachment there so we can trade and invest our own

money, but understanding how to deal with that relationship is really important. So as I grew my account, I would get caught up with the dollars. So it's like a doctor doing surgery and just staring at how much money he's making every second while he's doing the surgery. It doesn't make sense. Don't do that. It's not a good way of doing it. I didn't know that. I still make that mistake, but I hide the money bar. Why? Because I want to have a good system. I want to follow the rules. Did it break support? Did it break out fail? What are my rules of entering? What are my rules for exiting? I mentioned earlier tonight in the show. Hey, three questions I asked myself.

Where am I going to enter? Where am I going to exit if I'm wrong? How much do I risk in my portfolio if I'm wrong? That's it. Okay. Am I following those rules? Relentless consistency, being disciplined. Many times I want to just blow out of a trade just because I want to blow out of a trade.

Oh, look how much money that is. That could buy a car or whatever. Buy an iPhone. Whatever, it doesn't matter. By house, it doesn't matter. And that would mess me up, I hit a wall. And then what set me free from that wall was thinking in percentages, not dollars. And folks, that is extremely powerful.

When you zoom out and you think in percentages, all of a sudden, you're that doctor doing the work the right way and hopefully having the patient come out healed and not standing there, stare at it. at the dollars and cents. Why? Because there's no emotion to a percent. I don't know anybody that's emotionally attached to 4 percent or 22 percent or 75 percent. I know everybody that's emotionally that to $2,000, $20,000, $2 million. If I give you $2 million, are you happy or you sad? Of course you're happy. I don't know anyone that's really upset or sad when they quote unquote make money. Sometimes they are, but it's rare that they're sad, so to speak. everyone's happy when they make money.

They're not confused. Am I happy? Am I sad? Pretty happy when I make money, especially in the market. Okay. You lose money? Same thing. Sad.

Simple. So understand those emotions and how they impact your decisions. Set yourself free. Nobody's emotionally, I use this example in my book. The book's called Psychological Analysis. It was number one on Amazon every day for three months. I recommend people get it if you like it. It's my life's work, so to speak.

But it teaches people how to make rational, not emotional decisions, but their money. And there's cartoons in the book, but I use an example of a hanger. Nobody that I know is emotionally attached to a hanger in a closet. I can make the right decision for that hanger based on the merits of the situation without having an emotional cloud impact my judgment. When a doctor does surgery on his wife or daughter or she does it on her husband or her son or whatever it is, the emotions get involved.

That's why the doctors can't perform surgery on their immediate family. So powerful. But people are emotionally attached to money. Understand. Most of the time, this is happening in their unconscious mind. They're not even aware of this. Fear, greed. Think of the decisions.

And the way you do this is look at your actions. Post analysis. Print out, well, you can take screenshots if you want. What I used to do is print out, still do it. Print out all my trades. Winners, losers, two folders. A winning folder, losing folder. That's it.

The trade either wins or loses. If it's a wash, if it made money, it's going in the win folder. If it loses money, it's a wash. It goes in the lose folder. It's either a percent binary. You win or lose. That's it. So we're in a situation where, oh, okay, how do I find patterns?

Look at the actions. What actions did I take? I bought this. Did I chase it? Did I buy it too early? And then over time, if you do that and you review those trades, at the end of the month, the quarter, end of the year, you'll start detecting patterns in yourself

that otherwise you wouldn't be aware of. Super powerful. And write down on the chart when you print it out or take a screenshot, the reasons why you bought it and the reasons why you sold it. Lots of times you'll see you, quote unquote, broke your own rules. Not you specifically. I don't know you.

I'm just speaking generally. Humans, right? Creatures. So I think that's all the time we have for today. Hope this is helpful. I want to wish everybody are very happy and healthy Thanksgiving. and holiday season. Thank you very much for being here. This is the one and only

Investor's Edge. This has been Investors Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. There's zero-chafe thanks to four times more stretched than competing brands, and their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John, comfort perfected. This message is brought to you

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