Facts 📠

I cant stress how important this is. SYSTEMATIZE EVERYTHING!! You cannot master a skill unless you standardize every variable that surrounds it. Having the same, CONSISTENT entry/exit/stock selection rules helps u quickly spot what is wrong and what needs to change.
If u use a different criteria for every trade, and enter/exit randomly, how will u know what to change once shit hits the fan? was it the entries? the exits? the stock selection process? u wouldnt fucking know since u're all over the place and ur variables are constantly changing
When u "trade on the fly" with no real system, every day you'll have a different hindsight ass reason as to why the trade failed. But at least when ALL ur variables are CONSTANT, it is SO much easier to look back at ur stats and spot what went wrong and what needs to improve.
Look at the best 3pt shooters for instance.

Steph curry, Ray Allen, Reggie miller etc have the same shooting form EVERY TIME.

Foot position is standardized.

Shoulder position

Elbow position..

Torso angle

Wrist position at release etc.

EVERYTHING is constant and systematic
Therefore, when they have a bad night they can review the game footage and see what went wrong

"ok my foot position was off while everything else was constant. Ill work on that"

or "ok my wrist position was off on the follow through. i'll work on that". etc

Trading is the SAME
it's like trying to find out which foods u're allergic to, but u eat at a different buffet EVERY night. how the fuck will u identify the "problem food"? If u trade randomly as fuck, how will u spot the weak link?

Anyway u get the point.

STANDARDIZE everything.

#BearTipOfTheDay

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More from @team3dstocks

31 Dec 20
very key day for $TSLA today. Longs are positioned HUGE on the 700C (again). So u already know what the gameplan for MMs is (attempt to bag the 700C or panic cover/hedge).

So if they fail to bag the 700C today = grab calls for the squeeze.

If they succeed = grab puts

0 bias
$TSLA Hope everyone capitalized nicely off the delta hedging/call covering squeeze . As always remember to avoid the usual “into the close” shenanigans (remember market is closed tomorrow so today is a pseudo expiration friday pretty much).

Cheers 🍻
$TSLA anddd here goes the post squeeze wrecking of the 700C, to crush whoever was still holding and to cover the rest of the short calls. From a high of $19 this morning to a low of $1.30 just now. Same tactic as dec 19 all over again. You simply cant make this shit up 😂😂.
Read 4 tweets
23 Dec 20
Each time u look at your PNL during a trading session (doesnt matter if it's red, or green), which part of your brain automatically activates, becomes hyperactive, and pulls bloodflow/oxygen away from other brain regions, leading to an increase in impulsive behavior.

#ADFPopQuiz
Answer time.

If u chose C (the Amygdala), u're correct.

In layman terms, it is the part of ur brain responsible for fight or flight related emotions such as fear, aggression/anger etc. It is MUCH more powerful than ur frontal cortex (the part that keeps u logical, disciplined )
The 2 parts are always engaged in a tug of war for dominance.

When the amygdala (emotional you) activates, ur prefrontal cortex (logical you) weakens, & vice versa.

Both cannot be in total control at the same time, & since the amygdala is much older & primitive, it is STRONGER
Read 12 tweets
22 Dec 20
I gave some examples of things u can add to ur daily routine to get u pumped up for the day. everyone is different. u gotta know what fires u up.

Keep it simple. example, Music never fails. People really underestimate the power of music when it comes to manipulating ur mood
Ever felt a certain way, or void of motivation, and then suddenly you hear a song that pumps u up, and out of nowhere u feel like conquering everything? That's a HUGE clue. write that song down. find out WHY it pumps u up. then try to find other songs that have a similar effect
Then create a playlist full of those songs and call it "Morning Motivation".

Reserve that playlist for the morning only. if u play it all day long eventually the songs will get boring and will lose their effect on ur mood.

When a song stops having that effect on u, remove it.
Read 5 tweets
9 Dec 20
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).
Read 5 tweets
7 Dec 20
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 20
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

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