ADF score for today not bearish enough (80% long). According to my risk management rules & historical performance, that usually means "take ZERO shorts today/Buy ZERO puts" since my best days are when the model flashes 80-100% short. But been a sick week so got a bit greedy
so cut size in half and took 2 impulsive trades anyway. Got stopped out on first one and second one ($NFLX) didnt go into profit right away (my WIPQ rule). all the signs I need to stop trading for the day until all signals line up again. Not gonna ruin a great week.
Why do I have all these weird ass rules in place? As I always say, rules are not just meant to protect u against the market, they are meant to protect u against YOURSELF. if my signals say "dont short" and i short anyway, & the trade doesnt work RIGHT away i get the fuck out!!
NEVER wait for ur avgloss (1R) to hit on a trade that u KNOW had low odds from the start. It's like opening w a shitty hand in poker & saying "well i bet big blind so might as well keep calliing until the river". We all kno how tht usually ends up. #KnowThyself #BearTipOfTheDay
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The 1st step to improve your trading is to stop lying to yourself. You don't suck at trading because of bears/pumpers/ marketmakers etc. You stuck at trading because of:
We live in a society where at the FIRST sign of failure/struggle, people's FIRST reaction is to blame someone or something else. The most important skill to master in this day & age in order to be good at ANYTHING, is the ability to shut the f**k up and look in the mirror.
if u are fat it's because u eat more than u move. PERIOD.
u are frail b/c u dont lift weights consistently. PERIOD.
u are dumb AF b/c u dont read enough. PERIOD.
u struggle at trading b/c SOMETHING is wrong with YOUR process.
🐻This is where every shortseller tries to decide if he should add to winner (on the bounce into trendline) , take profits, or start shitting his pants.
🐂This is where every Bull bagholder decides if he should sell for small loss or hope for squeeze
@__shaka_zulu__ This is some bullshit. That turnover is gonna cost us this game. how the fuck do you fumble on 1st and goal with THREE fucking yards to go
@__shaka_zulu__ 🏈 $LIONSQ is squeezing the fuck out of us 😩. hoping for the late day fade setup to kick in in the final quarter
To maximize accuracy (win rate), you must wait for confirmation.
Confirmation means that you're letting the smart money move the trade in your favor (or stop the momentum) BEFORE u commit size.
This automatically means that u'll have to enter a bit "late". cant have both
To maximize profits (high reward) aka capture the majority of the move's range, you have to get in BEFORE the move starts (when no one wants the stock).
This automatically means that u must risk getting stopped out early by MMs or being wrong on ur thesis (since no confirmation)
High Spatial IQ will help you learn trading faster ONLY because it'll help you recognize patterns faster. But that's about it. Once you learn how to trade, high spatial IQ is useless.
High overall IQ can actually buttfuck u in trading b/c:
1) it'll make u overcomplicate trading
2) the ego that comes with high IQ will make it harder for u to manage risk, since smart ppl hate admitting that they're wrong. So they refuse to stop out or they revenge trade a lot
Ive taught many ppl how to trade, and ironically the smartest tended to struggle the most, because they were just too stubborn to keep things simple or stick to the plan. Meanwhile the low IQ motherfuckers tended to perform better b/c they just executed. No overanalyzing BS