The duration of the first phase in trading is the time it takes you to detach from what trading is portrayed as to what it actually is.

It can take months, it took me years.

Your performance will show when that switch is made.
From->To

Randomness-> Sniper
Overactive->Thinking


Perception≠reality

Finding out truths becomes a way of life. It is not the happiest way to live, but it is truthful. People usually stand in the way of the raw truth.

It is partly why high performers like philosophy.
The real work begins when the focus shifts from perception to reality.

It is only under the light of truth that the focus changes to take advantage of those you keep on chasing the perception.

Their losses become your gain,until you reach the last stage.Fighting those that see.
This is the main reason why a mentor is the biggest gift of all.

They allow you to see the world through a realistic perspective. They narrow your options to the right paths.

It is up to you to take the path. However be careful of false prophets selling the dream for reality.

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More from @TheShortBear

Nov 26
It took me 3-4 years to get near profitability.

It took me 5y to make 7fig, it took me 6y to make 8 figures…

I went through forex, copying trades, scalping, swinging, options and more before realizing one thing.

As long as I chase what someone else is doing, I won’t make it.
The quickest way to grow is by asking the right questions.

Here are a few that I asked myself:

•Where will I not have competition?

-> I need to avoid big money-> penny stocks/small caps

•How can I compound fastest?

->(RR * odds) * occurrences = expectancy
•How can I make sure to outperform the best?

->Data/Edge(big influence on me was @kroyrunner89

->Sec filings(dilution), this was extremely new, no one knew how to read them. As far as I know only @goodetrades did

•How can I make sure I am improving?

->journal, track
Read 6 tweets
Nov 25
On the topic of fear of taking trades.

Personally it is a feeling I never experienced like most. I had the opposite issue where I would press buttons.

The fix is the same and its one that you have heard from me before.
What creates under/overtrading?

Fear of losing VS Fear Of Missing Out

Now where do these fears come from?

1.Fear of losing:

•Fear of uncertainty
•Lack of understanding for expectancy
•Relationship to money heightened
•Recency bias
•Lack of preperation
•No process
This is an issue you will mainly face at the beginning of your career.

You trade everything, you see your idols and it seems so far away, you are unsure how to track, you remember every loss vividly... You are a bit lost.

Work on a routine,work on edge.

Read 9 tweets
Nov 23
*`VARIOUS' FED OFFICIALS SAW RATES PEAKING AT A HIGHER LEVEL

*MOST FED OFFICIALS BACKED SLOWING THE PACE OF RATE HIKES SOON
A FEW PARTICIPANTS SUGGESTED THAT SLOWING THE PACE OF RATE INCREASES COULD REDUCE FINANCIAL SYSTEM RISKS, OTHERS SUGGESTED THAT SLOWING SHOULD WAIT FOR MORE PROGRESS ON INFLATION.
PARTICIPANTS AGREED THAT A SLOWER PACE OF RATE HIKES WOULD ALLOW THE FOMC TO BETTER ASSESS PROGRESS TOWARD ITS GOALS "GIVEN THE UNCERTAIN LAGS" ASSOCIATED WITH MONETARY POLICY.
Read 4 tweets
Nov 18
It has been a year I formulated my top ideas for the winter of 2021.

I thought I would share how I planned for my trades then, which resulted in my $5,000,000 trade on $RIVN and $TSLA.

Key search for the old tweets at that time.

Obsidian rendered it weirdly, but here it is:
1/ Image
2/ Image
Read 12 tweets
Nov 17
Trading is 99% having the ability to not settle for anything less than the top 5% opportunities.

This goes for day trading, waiting for the A setups.

It also goes for investing, where one has to look for the highest quality businesses to give a fair price.
In order to know what the 5% looks like there needs to be a benchmark and understanding of expectancy.

For day trading it is tracking a setup.

For investing, DCF/Intrinsic value gives you the same.
The process is fairly simple, but the emotional fortitude it takes to not trade when others do, not chase, not settle for something that isn't perfect is the hardest thing of all.

It also meaning sticking up when all do the opposite of what you plan to do.
Read 4 tweets
Nov 16
Layoffs play a big role in how a company performs.

Especially when it comes to high growth companies.

Case study here 2000-2001.
Companies that laid off 3% or less of their workforce performed as well as those that did not at all.
Repositioning shows to be the best reason to cut staff, while cost cutting is seen as the worst.

Not surprising here, those that can not bear the cost fail the most.
Read 5 tweets

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