Preston exited positions in Brazil and Mexico after technical breakdowns (Mexico down 11% in one day after presidential election, Brazil breaking technical support) and traded calls against those positions to break even overall, following rules-based stop loss discipline rather than emotional decision-making.
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Mike PrestonEvidence Quote
“we just took off our position in Brazil and in Mexico... the market sold off close to 11% in one day... we have strict rules in place... the charts were broken we breached our stop limit level and we got out”
Source
Brent Johnson: The Demise Of The Dollar Will Take Longer & More Surprising Turns Than Many Expect— Adam Taggart | Thoughtful Money®Created: 8/12/2026, 6:41:04 PM
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