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Lance Breitstein 🇺🇸🌎 Profile picture
@TheOneLanceB
Apr 22, 2022 • 7 tweets • 2 min read • Read on X
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A+ TRADE WRITEUP: Brandon shared this writeup w me having based it on my GME and Yen writeup. Not only did he knock the trade and writeup out of the park, but I traded nat gas similarly myself! Thx to Brandon & @smbcapital for letting me share. Here’s what I loved about it. (1/6)
Great intro context to why the move is occurring. (2/6)
Charts included for future review. (3/6)
Extremely detailed dissection of the chart (4/6)
He proactively gameplanned out the various potential outcomes along with what he was looking for (5/6)
Concluded with what he could have improved upon! A++ job Brandon, congrats on the big chop! (6/6)
@brandonsochacki for those who wish to follow him on 🐥

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More from @TheOneLanceB

Lance Breitstein 🇺🇸🌎 Profile picture
Apr 22, 2024
YOUR TRADING GURU MIGHT BE A FRAUD IF:

I’m starting a new series for all the most egregiously fraudulent Furus. Will be a funny compilation over time.
The classic “I started broke and now I defraud people using hotel rooms that I claim are my mansions” sob story 🥹

The “community notes reveals I’m a total paper trader fraud” story

Read 10 tweets
Lance Breitstein 🇺🇸🌎 Profile picture
Dec 22, 2022
Imagine having THIS level of close-minded HODL ignorance.

NOTHING is certain in markets. ALWAYS a probabilistic world.

Jason refused to learn in ‘18 .

Getting another opp now.

Will fate allow a 3rd? Idk.

Sry Jason, but this isn’t how life works.
HODL is NOT a strategy!

Issue w so many TSLA/BTC investors is they make their position part of their IDENTITY.

It is in their Twitter bios.
They are “all-in” regardless of how dynamic & probable the world is.

I have NO IDEA future of TSLA.
NOBODY does!
ONLY PROBABILITIES!
When you wed yourself to an identity, you often close your mind to the counter-narratives.

One of smartest PMs I know values TSLA <<$100.

All-in/margin leaves 0 room to be wrong.

Always smart ppl on both sides. Jason isn’t one of them. Truly smart ppl know blind spots exist.
Read 4 tweets
Lance Breitstein 🇺🇸🌎 Profile picture
Dec 6, 2022
NOV. TAKEAWAYS @smbcapital:

1. Many struggling finally adapted! It takes time to hone selectivity while still swinging hard on A+ opps.

Traders: “Nov. was a way easier month!”

Me: “No… Nov. was a normal month, YOU all are what changed. You all got better bc you adapted!”
2. Drilling deeper into analytics. @MikeBellafiore told great analogy of his son’s batting practice using sensors to collect data. How can traders be more proactive or self-diagnose slumps sooner by better using their data?

What about alerts if your win rates start to tank?
3. Awareness ➡️ Proactiveness.

My highlight of the day came from one of my fav developing traders.

“I ACCEPTED the TSLA trade wasn’t working & got out. Instead of being upset, I GAMEPLANNED what I needed to see to get back in. The next day, my criteria hit & I caught the move!”
Read 4 tweets
Lance Breitstein 🇺🇸🌎 Profile picture
Nov 16, 2022
WHAT IS YOUR WHY!?

Money? To make family proud? To compete? Mastery of your craft? Lifestyle?

We all have a primary motivator for trading.

I make no secret that money was maybe the greatest motivator for me. I never wanted to struggle like my parents did.

1/6
I think just to succeed it doesn’t matter THAT much what your “why” is, just how DEEPLY you are driven by it.

Do you know YOUR “Why”?

Have you ever truly taken the time to sit down and reflect on what deep down motivates you?

Ever listed all your “Whys” out?

2/6
Every rookie I trained, I would inquire about their “why” and offer to pay for a related celebration of their choice for their $100k net pnl milestone.

I would have them visualize that day. The nice dinner or Blackhawks game with friends or going on vacay w family.

3/6
Read 7 tweets
Lance Breitstein 🇺🇸🌎 Profile picture
Nov 8, 2022
1% IMPROVEMENT COMPILATION:

A best practice I recommend is making & documenting a daily 1% improvement.

A trader I mentor shared his updated doc w me & his pod after months of work.

WOW! IT WAS INCREDIBLE!

Forget pnl, this doc showed just how much he has improved in ‘22.

1/3
I challenged him to read over the doc monthly & look for commonalities.

I challenged his pod to implement his best ideas, to share their own, and to help him expand upon them.

How epic will this doc be over 5 yrs? Think of the compounding! HUNDREDS of 1% better ideas.

2/3
Everyone says they’re serious about getting better… oh ya?

Where is your doc then? Where is your pod?

Talk is cheap.

Actions and results are all that matter.

This trader means business and he is your competition.

Tough reality… this trader will be eating your lunch.

3/3
Read 4 tweets
Lance Breitstein 🇺🇸🌎 Profile picture
Nov 8, 2022
OCTOBER SMB TAKEAWAYS:

1. Gameplanning, gameplanning, gameplanning. Teams have stepped up the granularity / # of gameplans. Esp for anything macro-related. Ahead of Fed meetings, analyst opinions are brought in so traders are fully aware of big $ sentiment and mindset.

1/5
2. This yr challenged many SMB traders. So we challenged them to focus on “easy money trades”. And now to expand those further.

Crushing CPI… how bout Fed / other macro data?

Crushing Day-1 earnings… how can you find more or find edge Day-2?

2/5
3. Recognizing an issue = useless.

Recognizing issue + robust, detailed, practical solutions = real growth & pnl.

If on the call, you give an issue w/o proposing a solution, you will be chided.

Pikers identify issues, best traders are 3 steps ahead testing solutions.

3/5
Read 5 tweets

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