In this episode of the Market Misbehavior podcast, Dave is joined by veteran trader, educator, and founder of davelandry.com, Dave Landry. Recorded September 2nd 2026. Dave shares his minimalist approach to the markets, explaining why stripping away complex indicators to focus on pure price action is the ultimate key to trading consistency. The conversation dives deeply into the psychology of patience—highlighting why highly successful professionals often make the worst traders because they are conditioned to always take action. We explore his specific money management rules for scaling out of positions, the mechanics of his TFM (Trend Following Moron) 10% system designed to completely sidestep devastating bear markets, and why market cycles are compressing due to rampant leverage. They also break down his technical playbook for IPOs, examining the "fly and die" pattern that recently played out in the SpaceX IPO.