The magic you are looking for is in the work you are avoiding

Alright I finally added up this data point. This is only my 2nd year learning swing trades btw, so I still have a lot to learn. 1. Paper cuts inside a trading range "anticipating" the break out or momentum. I knew this was a problem for me, but I was unaware just how bad it was. *these numbers are all relative to my trading* also- quick side note....if a set up (long term and daily chart align) is SUPER good, then I don't give a fuck about losing if my size and risk management are aligned. Over the last 3 months. SPCX -$45,000: I lost $2,000 to $5,000 16 times. that is WAY too many attempts. LITE -$13,000. 7 attempts. Same thing, trading before the true range breakout. VST -$20,000. that is fucking nuts this thing never had a set up to warrant that type of risk for me. TSLA - $40,000. Back in late may/June I was trying way too hard to anticipate the breakout of the multi year base. USAR/MP -$30,000. Way too many attempts in these two again especially when they were not working. That's -$148,000 in losses trading in suboptimal spots trying to "anticipate the momentum". That is a lot of losses man. I am not saying 148k (all of it) was avoidable...but based on my new rule, and now I have awareness of it...100k of losses could of been prevented for me in this last quarter. What am I going to change? The fact I now have awareness of this problem, and its quantified is mind blowing to me. Am I going to just quit cold turkey? Honestly probably not. Since I have a long background of only doing super fast/short term day trades, sometimes my brain conflates this with swing trading. Instead if I am going to get a small position maybe to mentally watch it or whatever reason I will be capping my total loss number at -$5,000. This means I will be drastically sizing down if something has yet to actually break out and its trading before the level. I am tweeting this out, and putting my thoughts into a more legible output here to 1. maybe motivate some people to breakdown their own trading and improve and 2. Create some type of accountability for my subconscious to help me address this problem and become a better trader. Even with all these losses I am still positive on the quarter - so its a really good thing I figure out the scale of this now and changed my strategy before I rekt myself. btw @Peoplewish has a ton of great insight in general, a lot of which feel directly targeted towards me. Much appreciated!

Some of your favorite Furus continue to post how awesome the market is for trading. The reality is for 99% of traders - months/periods end up looking like this. (Yesterday was closing a swing trade that I pretty much round tripped) --> I have only like 10k in gains this month. Lesson? There are tough trading periods for yourself, your strategy, and sometimes in general. They happen For EVERYBODY. I'm posting this just to show an example that its not realistic to always be crushing it. When the market changes its time to size down, readjust, and for me? Golf wayyyy more until things settle down.

Looking forward to reading! Congrats @TheOneLanceB @TheShortBear

Every year there are maybe a dozen or so opportunities that are so EV skewed that trading these alone can make your year. I'm talking hundreds of % on a dozen trades. All you have to do is WAIT, and then execute according to your ruleset. Easier said than done, but it's absolutely possible, and something I've shifted my system into focusing on over the last few years. When you realize that, you can very quickly detach yourself from FOMO and the day to day action and hone in on the bigger picture. It's times like right now while we've endured months of chop, you find yourself in a drawdown maybe deeper than you'd like, and you'll look back and say "Why?". "Why have I been trying so hard for positioning and marginal gains in a market that isn't conducive, when I could have been focusing on and preparing for the next big opportunity that WILL move the needle?" Of course the ability to do so only comes with enough reps and experience, but when you have the ability to recognize it, your equity curve will thank you. Stop clicking buttons everyday like a degenerate and start playbooking/refining/building something that WILL make you money. A great excerpt from Amrit Sall, the Unicorn Sniper-

Quick shoutout to my @daskeyboard of 12 years I just replaced. This was easily one of the best purchases I have ever made. I hope the new one I just bought maintains the amazing quality standard. (I thought about cleaning it up before tweeting, but that would be unfair to how it lived its life.) RIP BABY SEE YOU IN TRADER VALHALLA

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With our demanding job as traders, is it worth trading your health for wealth? Are you even aware you’re making a trade-off? What are your boundaries? Part of what Alex Hormozi so often preaches is the authentic raw truth. Many of you may have noticed on my YouTube videos that I start every single video saying that the reason why I'm now focusing on mentorship and teaching is that “I'm done trading my health for wealth. If you all are in the trenches and willing to trade your health for wealth, then I'm here, happy to teach you”. And I don’t view that hook as hyperbole. I do think that trading comes at a real cost physically and emotionally, and I absolutely do think that cost can be worth paying. Many have asked me if I regret trading with the intensity that I did. I absolutely do not. Trading has given me a quality of life and a freedom that I never could have dreamed of as a young adult or child, the ability to never worry about money. That said, I certainly wish I better prioritized sleep during those times and didn’t drink as much back then. I wish I got outside more and took more breaks. I do think the job has aged me and particularly my eye health. But we don’t know, what we don’t know. The point I want to raise in this post is that the trade-off is real and with the push towards 24/7 trading, this is a topic more and more traders will need to come to grips with. Even if you are doing trading in its most healthy form, you inevitably increase your stress and lose your presence in everyday life. The job also tends to be highly sedentary. At its more extreme forms, you are working crazy long hours, monitoring the markets overnight while being hit with cortisol and adrenaline again and again. This is triggering your fight or flight response, yet we are sedentary and going nowhere, which is one of the worst things for our body. Chronic stress mixed with sedentariness, while not getting outdoors, plus often that stress is associated with poor eating, alcohol, and other substances. Now, look, if you are 22 years old or 25 years old or even 35 or 45 years old, that sacrifice can totally be worth it. The first $10,000 or $100,000 you make is absolutely life-changing if you don't have it. The first million you make is more marginal, but still absolutely life-changing. My challenge to you all is to reflect on: what price are you willing to pay? The far harder part is being willing to accept the trade-off. If you are going all in, you need to accept that you will get sick more often. You will not feel great on many days. You will have very high emotional highs and very low emotional lows. That being said, if you are willing to set boundaries on your trading, you must be okay missing out on performance and opportunities. It is totally okay to say that you will only trade the markets from 9:30 to 4:00, but then you must be okay missing moves in silver overnight or pre-market headlines or whatever else may be the case. There are some traders out there that truly don’t have the temperament to be traders. The lows are too low for them. It ruins their well-being and quality of life. They get chronically depressed or suicidal. That price will never be worth paying. I'm not here to tell you what the right answer is, because I don't think there is a right answer. It depends on your values and where you are in your life. The most important point is to make an intentional decision and then do your best to emotionally and psychologically accept the trade-offs.

Had fear of another asian hours gap up in silver so I covered 95% of my size at like 7:55pm EST (our system shuts at 8pm) Very frustrating to see this PA, but was super over due for a pullback. Grats to those that caught the short- the puts I have still arent gonna put a dent in what I lost haha. Remind me to never short a commodity again

Trading always cracks me up in different ways. Today, I have guys over switching out my AC units. They show up 5 mins after I initiate a decent sized position. The guy was explaining to me they can remove a large bush outside my house, or use a small crane to lift the unit for an additional cost. The guy calls his boss and talks for a few mins. The total extra cost is $400. Meanwhile my position went against me and I lost $10,000 during this discussion over $400. Nothing to do but laugh about it. Just trader things. Yes, I probably should of put in a stop, but I also didn't think I would be gone for 10 minutes.

Why is my tweetdeck followers page now showing random people I do not follow as well? It co mingled the for you and followers page randomly? My tweetdeck is beyond busted atm @elonmusk halp

This Gemini update is actually so sick. Built right into chrome. I dont really have a reason to use anything else. Beautifully done

RT @jfahmy: There's a bubble in people calling for bubbles.

You are trying to decipher J-Pow's subtext and attempting to trade the $SPY. I am watching a youtube tutorial to explain what 6''7 means. Built different.

Also going along with learning from other traders. This @ShakePryzby1 interview with @TraderLion is fantastic. I am about half way through so far. One of the better interviews about swing trading and the process of entries/exits that I have heard in a long time. Highly recommend. piped.video/watch?v=iu2gdI1c…

Friends who crushed the $BYND short. I've seen a lot of big PnL screenshots and execs to go along with it. I actually lost money in the short. I haven't really seen much explanation for the rationale behind it. Obviously it was up a lot. But the velocity and how it stuck the downside landing really surprised me intraday. What were you thinking to crush this? What was I missing? As traders you are inevitably going to miss set ups and mess up trades - its very important to learn lessons what you may have missed from people that did well. We are clearly on the backside going into the open, so you can be willing to assume more risk. I understand that. @Steven1_994 Those shorts with my arrow? You are able to just hold through that? Just conviction this is going down? Why? Smaller size initially? After seeing some execs from several traders was that 7.50 failed breakout the big green flag? Why specifically that level? Also as far as taking profits - I saw execs from @thelaptoplegend - how were you able to hold so well into that down move? It was wednesday so no real expectation from me on a massive option gamma unwind. What made this one so special for that epic hold? I generally do very well in these types of exhaustion gap shorts. For me though they usually come from a place where the stocks are far above the 10 and 20 day MA SMCI, MSTR, RGTI - etc. This one was different for me due to its low float nature. It was more of like a $GME or $AMC short from 2021, but the unwind this had was so abrubt. I didn't think this was possible at all. Also I do have to add, mentally felt very tapped out after trading GLD and RGTI aggressively for multiple days in a row, I wonder if that had something to do with it. Please educate me friends! I'm never too old or too experienced to learn something new.

OpenAI could announce a partnership with $TLT and people would still buy $TLT up 10%

All you can control in life is your effort level and attitude.