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. Image
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).
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.
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

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More from @team3dstocks

7 Dec
1R is just your max loss per trade. It should be no more than 1-5% of your account (depending on how big or small ur acct is, and how aggressive u wanna be).

It should also be an amount that u are COMFORTABLE with losing, to prevent tilt and revenge trading.
As a baby, u learn to walk by falling several times. Every time u fall, u get better and better at walking. ur brain makes adjustments, ur coordination improves etc, BECAUSE of the constant falling. But if babies got badly injured each time they fell, they'd NEVER learn to walk
Trading is no different. u master trading by FAILING over & over again. And as long as each fall (loss) isnt disastrous, u will slowly adapt & get better & better. But if each fall (loss) is HUGE, like 99% of fucking traders trade, u will NEVER have enough time or $ left to adapt
Read 6 tweets
26 Nov
Decided to start off the day by answering DMs in the morning instead of in the afternoon/evening as usual (b/c i most likely wont have time to do it once I enter this Turkey induced food coma that's coming up), and this message really hit home. So I'll devote a small thread to it
First off, yes, there is such a thing as "a personality for trading". But it is very tricky because as I pointed out before, the personality traits that attracts most of us to trading are the exact opposite of what you need to survive ONCE you're in. What do I mean by that?
For example. Most of us came to trading because:

1) we are ultra competitive

2) we wanted to get rich quick

3) we were rebels who hated following rules (ie: having to listen to a boss, or getting a 'normal' career like the rest of society etc.)
Read 9 tweets
24 Nov
$TSLA bull thesis from last week is still working. Nothing new here. Same scenario that I explained last year:

$26 billion pent up demand from shorts

+ Retail keeps buying OTM calls.

+ OTM call sellers keep buying the stock to delta hedge.

+ Index buying etc.

= Demand galore
I also dont wanna hear stupid ass questions like "when is it gonna top out".

I dont know and I dont care.

My goal as always is to keep buying calls on weakness (when shorts are stuck) & puts when longs are fucked.

As long as someone is in pain, there is ALWAYS a trade.
As far as today goes, we already gapped up huge so ill be much more cautious on the long side until we get a pull and some profit taking. Way too risky to chase weeklies this high (premiums will get wrecked at the slightest pull)

So ideally we retrace to $530ish if Odin wills it
Read 4 tweets
11 Nov
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.
Read 4 tweets
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

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