Imagine an athlete who practices basketball on monday, football on tuesday, soccer on wednesday, golf on thursday, and tennis on friday.
Then imagine a trader who practices basketball monday through friday.
All else equal, who will have the better jumpshot after 6 months?
In the trading world, that's the equivalent of new or struggling traders who try to do everything all at once. One day they're trading breakouts, the next day, reversals, then gaps, then scalps, then dip buys, then breakdowns etc.
Pick ONE strategy and fucking MASTER it first
when ppl DM me & say "im struggling w/ consistency", i ask them "what's ur bread and butter setup?". 4 out of 5 times, they dont even fucking have one. You cannot survive in this game unless u wake up each day knowing EXACTLY what setup you're planning to trade. #BearTipOfTheDay
When i get up each day, I dont think "what's on the scanners". I think "WHERE IS MY GODDAMN SETUP??", where is the setup i've spent endless nights studying inside & out? the setup I've tracked over & over and know like the back of my cunty hand? if i dont see it, I DONT TRADE!!
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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