Every time I discuss the importance of tracking data/setups etc, the next question is usually "what should I track".
My response, EVERYTHING. You cant discover which factors are reliable, and which are meaningless, unless you track EVERY variable and then look for correlations.
My response, EVERYTHING. You cant discover which factors are reliable, and which are meaningless, unless you track EVERY variable and then look for correlations.
This image is a quick example of what ur data tracking sheet should look like, at the bare minimum. When I first started this journey yrs ago (mastery of alldayfaders), I obviously had a FUCK ton more columns, but this is just a quick prototype to give u an idea of where to start
I then tracked every, single, runner.
I repeat:
every,
single,
runner.
ZERO exceptions.
For every stock, i wanted to know all its metrics (fundamentals, technicals, sentiment), and how each metric affected its subsequent performance (all day fade, squeeze, or chopfest).
I repeat:
every,
single,
runner.
ZERO exceptions.
For every stock, i wanted to know all its metrics (fundamentals, technicals, sentiment), and how each metric affected its subsequent performance (all day fade, squeeze, or chopfest).
Once ur database is big enough (in the thousands, or at the very least in the 100s), u'll find the answers to EVERYTHING u're looking for.
Why do some stocks fade?
why do some squeeze?
what is the best entry signal?
the most reliable indicator(s)?
EVERYTHING is IN THE DATA.
Why do some stocks fade?
why do some squeeze?
what is the best entry signal?
the most reliable indicator(s)?
EVERYTHING is IN THE DATA.
The market is far from random. It is controlled by a small group of big-dick mofos who use the SAME tricks & the SAME tactics over & over again. this behavior leaves footprints. And data, is how u detect those prints & use em to ur advantage. So track away bitch!
#BearTipOfTheDay
#BearTipOfTheDay
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