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Goshawk Trades

@GoshawkTrades

Apr 29

Stop trying to trade every move.

I spent months doing it,
It trapped me in a losing cycle, throwing away weeks of PNL.

Then I focused on ONE principle & finally made over 6 figures.

Here's how:

The Principle: To make money in trading, you need an EDGE.

But most traders are obsessed with entries and exits while completely ignoring if an edge even exists.

Without it, you're just doing "sophisticated" gambling.

Here's how to solve that.

There are two main types of "edges":

Inefficiency: Finding pricing inefficiencies or informational advantages.

Risk Premiums: Taking calculated risks others avoid. Getting paid for the volatility you're willing to endure, for example.

Read 14 tweets

Goshawk Trades

@GoshawkTrades

Apr 16

Evidence–Based Technical Analysis.

David Aronson's Evidence–Based Technical Analysis will change how you see trading.

Here’s a full breakdown - so you don’t have to read all 544 pages.

Be sure to save this thread:

1. Subjective vs objective analysis.

Most traders draw lines on charts and trust their gut.

This is purely subjective analysis.

Objective analysis is where you can confirm or deny ideas with real data.

This is why data is so important.

Jim Simons, one of the most successful hedge fund managers ever, recognized the power of data very early on.

He even hired people to manually collect data from the FED,

Well before anyone else considered using it.

Read 14 tweets

Goshawk Trades

@GoshawkTrades

Apr 16

I run a $100,000+ portfolio of automated trading strategies.

I execute 0 trades manually.

Here are 7 tools I couldn't live without:

1. Ninjatrader.

This is where I run the majority of my automated strategies for futures markets.

They have backtesting and automation capabilities and solid infrastructure.

It's always an easy recommendation.

2. Python

The Swiss Army knife of algorithmic trading.

Not the fastest, but incredibly versatile

I use it for custom backtesting and algo coding in both equities and crypto.

Read 11 tweets

Goshawk Trades

@GoshawkTrades

Apr 8

I wasn’t a bad trader. I just couldn’t execute the trades I knew I should.

I'd freeze up, overanalyze, and watch winning trades move on without me.

Then I made ONE change that erased all doubt & turned those profits into reality.

Here's what I did (so you can copy me):

Finding a strategy has rarely been a problem for me,

But consistently executing and managing positions,

That's where it all fell apart.

Every. Single. Time.

I'd:

• Take profit way too early
• Miss my entry due to life getting in the way
• Let losers run because "it might come back"

I'm not proud to admit any of these, but these are the realities of the early months of trading.

Read 13 tweets

Goshawk Trades

@GoshawkTrades

Apr 3

The 6 math formulas every trader needs to know (explained simply):

1. Expected value

The backbone of trading.

Positive EV is what you're after if you want to succeed in trading.

You will want to calculate this for every strategy.

2. Risk of Ruin.

This calculates the probability of losing your entire trading capital.

It's the cold, hard math behind why proper position sizing is key.

Survival is everything in trading.

Read 8 tweets

Goshawk Trades

@GoshawkTrades

Apr 1

Me in 2019: Losing $3,000+ per year.
Me in 2024: Making $100,000+ per year.

Here are 6 trading skills that made it possible:

1. Systematic over discretionary.

When I first started, I made emotional decisions based on gut feelings and the illusion of having "intuition."

Now I have clear, defined criteria for every trade my strategies take.

This by itself was the most pivotal skill to learn.

2. Backtesting.

I used to take strategies at face value without validation.

Now I rigorously test every strategy with:
• Out-of-sample data
• Monte Carlo simulations
• Parameter sensitivity tests

This separates real edges from cherry-picked examples.