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Hello, my friend!
Meta’s earnings are wrapped.
Revenue came in at $64.6B beating the $63.3B expected.
Adjusted EPS was $7.40 versus $6.54 expected.
Capex guidance for 2026 sits at $135B–$145B as increased AI spending stays in focus.
META - Post Earnings
As many of you know, I care more about the price action than the headlines themselves.
The initial reaction was strong - buyers stepped in and the stock looked clean. But as the day wore on and we moved into after-hours, it gave it all back and then some.
The early strength was erased….
HUMAN PARADOX
Before Meta's earnings, I asked 100 traders on X how they were feeling heading into the announcement.
The results revealed something interesting. It wasn't simply about who was bullish. It was the gap between confidence and caution - and what that tells us about the way we approach risk.
📊 What the poll revealed
70% were either bullish or worried - Two very different emotional responses to the same uncertain event.
🧠 What this tells us about the trader's mindset
Confidence isn't control. Believing in your thesis doesn't mean you can control the outcome.
Uncertainty isn't weakness. You can feel unsure about the market and still execute your plan with discipline.
Being right isn't always enough. Direction, timing, execution and risk management all matter.
A loss doesn't automatically mean a bad decision. Respecting your stop and following your rules can be the right decision, even when the trade fails.
The market will always give us reasons to feel confident, cautious or uncertain. None of those emotions guarantees a successful outcome.
Our job isn't to eliminate uncertainty - its to manage our decisions while uncertainty remains.
Don't measure your trading confidence by how strongly you believe you're right. Measure it by how well you prepare for the possibility that you're wrong.
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Never trade alone my friends - feel free to reach out.
Until next time,
Steve B
Founder, The Daily Impulse
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