Never meet your heroes.
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You are a free subscriber to Postcards from the Florida Republic. To upgrade to paid and receive the daily Republic Risk Letter, [subscribe here](. --------------------------------------------------------------- [Postcards: The Jeff Conine Story]( Never meet your heroes. [Garrett {NAME}]( Apr 20
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Dear Fellow Expat: As you know, I’m a Baltimore Orioles fan. We can’t beat the Kansas City Royals. It has been a brutal decade of fluke hits; line drives directly to their infielders and bad breaks. The 2014 American League Championship Series still haunts me. It felt rigged based on the way things just kept falling on the Royals’ lap. Last night, down 6-0, I got my hopes up when Adley Rutchman hit a grand slam, only for some pitcher I’ve never heard of… give up a three-run home run a few minutes later and take the Orioles loss to 9-4. Bad baseball follows me. As you likely know, I went to Northwestern University. In 2003, the Chicago Cubs played the Florida Marlins in the National League Championship. We went from Evanston to Wrigleyville for the week and watched games at a bar called The Piano Man. Forget the Steve Bartman story in Game 6… and focus on Game 7. The Marlins won the Series in brutal fashion for Cubs fans, and I somehow found myself on the backside of Wrigley Field (on Sheffield Avenue), where the Marlins bus was loading not long after the game. While all the Cubs fans are moaning and crying, I see the Marlins team boarding the bus. That included Jeff Conine, a player who had been with the Baltimore Orioles for five years but was traded to Florida that season (he had been in Miami for years). He was a great player well into his 30s… veteran presence. So, he’s on the bus, celebrating. And I see him in the pale light of the bus. And I - mildly under the influence - started waving to Jeff Conine… for some reason. Conine… thinking I’m a Cubs fan, points at me, raises both middle fingers, and starts laughing. And I - out loud to no one… said in the middle of the Sheffield Avenue… “No… Jeff… Conine… I like you.” I’m not sure I’m over this… Never meet your heroes… even from 50 feet away. [Upgrade to paid]( It Already Happened I write this column from a Fort Myers roller skating rink. I might be the only father here, but my daughter wanted to learn how to rollerblade. (Poker Face by Lady Gaga has been on repeat at this skating rink for 27 minutes.) So, I brought her here, put on the rentals, and thrust her onto the rink. Zero fear. Duck-in-water-level behavior. We talked about how to fall—not on your wrists—and that was it. She was supposed to go around one time without any ‘skatemate’ assistance, but that was probably 15 minutes ago. I told her… remember this moment. I asked her to remember that sometimes she is afraid to do new things… and she just dominated this new opportunity. “Well, I was just really excited to try this,” she said. That’s called Conviction. And that’s why this little tale matters to the market. You should know the risks; you clearly do, right? But you also know the opportunities ahead. And when our signal is positive, and our tech sector reading finally turns positive… that’s where we get a conviction. We operate in what we can control. We put on our wrist guards… we know how to fall. We also know how to get out of the way when too many people flood off this rollerskating rink. The selloff that everyone has feared - already happened](. See the red dots? That’s negative on the MACD, Relative Strength Index, Money Flow Index, and ADX… all happening simultaneously. That’s the flow of capital - measured in momentum oscillators - turning downward. Like clockwork. And we called it… down to the day, as we always do when our signal goes Yellow. Then, last Friday, the bottom started to flow out. We follow liquidity… we follow capital flow… and insider activity. No one does what we do. So, if you hedged as I advised on April 4. Or it got out of the way last Friday, as our signal said… moved to cash or hedged with puts… You’ll be enjoying your weekend. I am. If you’re not… I’ll tell you when it’s time to go back in. That’s what we do. [Upgrade to paid]( It’s not as complicated as people make it. We’re damn good at this… and it’s a lot less complicated than it seems. Now, it is time for me to remember how to rollerblade. Stay positive, Garrett {NAME} Disclaimer Nothing in this email should be considered personalized financial advice. While we may answer your general customer questions, we are not licensed under securities laws to guide your investment situation. Do not consider any communication between you and Florida Republic employees as financial advice. Under company rules, editors and writers cannot recommend their positions. The communication in this letter is for information and educational purposes unless otherwise strictly worded as a recommendation. Model portfolios are tracked to showcase a variety of academic, fundamental, and technical tools, and insight is provided to help readers gain knowledge and experience. Readers should not trade if they cannot handle a loss and should not trade more than they can afford to lose. There are large amounts of risk in the equity markets. Consider consulting with a professional before making decisions with your money. [Like](
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