How Confirmation Saves You From Costly Mistakes

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Hello, my Friends!

🔻We kicked off the morning with a big sell-off just minutes before the market opened.

👨‍💻Tech majors in Nasdaq led the slide, and the S&P 500 quickly followed suit.

📉Not every move is triggered by headline news - sometimes, the market simply rebalances where it needs to go before the next major swing.

On days like this, it’s easy to jump in prematurely, hoping to catch a bargain. But as you’ll see in today’s lesson, waiting for confirmation can be the difference between heartbreak and success.

Lessons from the Trenches ⚒

Ever felt that surge of excitement when you discover a new opportunity?

That spark whispering, “This could be huge - act now!” In both entrepreneurship and trading, that feeling can be irresistible.

A few years ago, I experienced this firsthand with a “perfect” opportunity: a tech startup led by a charismatic founder who promised explosive returns.

My instincts told me to wait - to verify references and seek confirmation.

Result? Within months, the startup’s “amazing” product faced development delays, the founder’s track record unraveled, and funding dried up.

I kept asking myself, “Why didn’t I confirm the facts?” and “Why did I trust personality over metrics?”

Here are some solutions:

• Data Before Emotion: If the numbers don’t add up - or aren’t there at all - stop. Real metrics stand the test of time.

• Set a ‘Validation’ Checklist: Write down your top 3–5 must-have data points or signals before you move forward. This keeps you from jumping in on hype alone.

• Trust, But Verify: A brilliant pitch is cool, but talk to former clients, read reviews, and get input from peers who’ve been in the trenches.

Applying these principles revolutionized my approach!

Below are some extra steps to safeguard your next decision:

1. Create a ‘Green Light’ List: Write down 3 non-negotiable data points you need to see before investing time or money.

2. Give Yourself a ‘Cooling Off’ Period: Spend 24–72 hours on due diligence—no matter how urgent the opportunity seems.

3. Consult a Mentor: An experienced founder or trader can spot blind zones and confirm (or challenge) your assumptions.

Sometimes, patience isn’t a lack of drive; it’s the best strategy for your long-term success.

Market Rundown 📉

• Tech giants Meta, Amazon, and Alphabet dragged markets lower.

• Fed officials signal no rush to change rates, citing economic strength and stubborn inflation.

• 74% of S&P 500 companies reporting so far have beaten estimates.

• Constellation jumps 4.6% after Berkshire Hathaway discloses new investment.

• S&P 500 logs 25 new highs, 11 new lows; Nasdaq sees 117 new highs, 94 new lows.

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Stay patient, stay focused, and conquer these markets - one confirmed decision at a time.

Until next time,
Steve B
Founder, The Daily Impulse

Important Disclaimer:

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