I wasn't always disciplined. I was a hardcore video game addict. Dropped out of college 3 times to stay home and play call of duty for 12+ hours a day. Things didnt change until I got sick of it and created a daily routine. Sounds simple but I owe EVERYTHING to my daily routine.
By nature i'm a VERY impulsive person. I do what i want, when I want. So without a daily routine to keep me in check, I'm all over the place, at the mercy of my mood or emotions. You cant get anywhere in life if you let your mood or emotions dictate what you're gonna do each day.
So I told myself "if I can just do SMALL things each day, EVERY day, those will add up over time".

So every day (even to this day) I wake up and just follow my daily routine checklist. Things that optimize my body, mind, finances, relationships etc. I just go down the list bro.
So conclusion.

1 First, NEVER make excuses and realize we are 100% responsible for our future. An excuse, even if valid, is still an excuse.

2 Choose 3 SPECIFIC life goals

3 Create a daily routine that brings u closer to those goals EVERY day

Thank me later

#BearTipOfTheDay

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More from @team3dstocks

9 Nov
First off, most of the time what we call "inner demons" is really just our amygdala & natural fear response (fight or flight), which activates each time money is on the line. It is nearly impossible to be fully rational when this happens.

So here are 5 tips to help counter this:
1-Never fund ur account with money u're not ready to lose. And almost all new traders do this.

"oh my god I only have this $X,000 left over. I HAVE to grow this amount or im fucked."

Well u're fucked then, b/c it's impossible to trade with a clear head if u're afraid to lose
2-Similar to #1, Use a 1R (max loss or drawdown per trade) that u are COMFORTABLE losing if the trade goes south. if that amount is too big, ur amygdala WILL activate the moment u hit that unrealized loss, and u will freeze, cancel ur stops, and rationalize staying in the trade
Read 7 tweets
24 Sep
I'll tell u the 3 main reasons why u should never renegotiate ur stop.

1) if u cancel/move it, and the stock continues to go against u, it'll be even harder to take the loss b/c at this point the stock will be so overextended that u'll be scared to stop out at the top/bottom
The result? u'll freeze like a deer in headlights as ur brain is stuck between "should i stop out & take this fat loss now" and "but what if i stop out and it reverses?". As ur brain is going back & forth between those 2 options, ur unrealized loss is getting bigger & bigger
Until finally, the unrealized loss is so big that u simply cant take the pain anymore, and throw in the towel as the stock starts to speed up against u. And guess what, 90% of the time, THAT'S the top/bottom.

Great. now u feel like a dickhead. with a FAT loss staring at u.
Read 9 tweets
19 Sep
90% of traders dont fail because they're stupid. No, 90% of traders fail because they size up so fast relative to their knowledge and dispensable income, that they blow up before they have a chance to make all the mistakes necessary to become a profitable consistent trader.
It's like going to a 4 year college and spending all your tuition money on year 1.

Like Michael Jordan said "i never lost a game, i just ran out of time".

In the same way most traders who fail didnt really "fail". they just ran out of money.

It takes time to master this game
It takes time to develop an edge.

it takes time to master entries.

it takes time to master exits.

it takes time to find the strategy that matches your personality.

It takes time to undo your bad habits.

And most importantly, it takes time to master your cunty emotions.
Read 4 tweets
12 Sep
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
Read 4 tweets
11 Sep
welcome to trading. The goal is not to find an indicator that works 100% of the time. There are none, else there'll be no need for risk management. The goal is to find indicators/signals that work more than 50% of the time, then wait until they LINE UP. Confluence is key.
Example is today's . High ADF score stock, + closest "bagholder vwap" is from 8/3 , when it traded 4M shares @ a vwap of $4.21 . So u kno there are some small bagholders there. Ebony was also at $4.48 (2 signals so far). So u WAIT to see how price reacts there, then decide Image
That's just one quick example. I can show you hundreds more. Doesnt have to be those 2 indicators, it could be any indicators you've TRACKED and found to be consistent enough for YOUR given setup. I never EVER place a trade off just one indicator. Why? because..
Read 4 tweets
6 Sep
Who wouldve thought yrs ago that would enter a bear market (20% off the highs) that corresponds to a price of about $2000.

To add insult to injury, even if we selloff another 50%, we'd still only be at $1000

i love ur fucking volatility

#godsGiftToOptionTraders Image
This is how far we still are from pre-corona crash levels. The splits dont do the chart justice. Not to mention we need a -30% haircut just to BREAK EVEN at feb levels. Image
And lastly, 's "bear market" level is now around 287. let that sink in for a moment. ~287 is the new BEAR MARKET level. a price area that was literally "all time highs" just over a year ago, is now our "bear market" level. Just to give you an idea of how extended we are. Image
Read 5 tweets

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