POV: Preparing for another week at Nasdaqistan

There’s a huge difference between trust in your analysis and attachment to your bias. One helps you trade better, the other destroys you.

When the “risky trade” was actually risky and you end up blowing the account

Me trynna figure out who tf we owe to

me if I had taken the opposite of every trade:

You can survive being wrong. You can’t survive refusing to accept it.

Life after you start risking 10% per trade

The point of funded accounts is to make enough capital with little investment to fund your real account. They’re not meant to be kept forever, and most firms will ban you if you make too much anyway. That’s why in order to succeed trading prop apart from a trading plan you need a risk plan and an expenses plan like regular businesses do. One that makes sense in terms of not only profitability but also time wise. For example, trying to get funded on a single challenge for 6 months doesn’t make sense. Opportunity cost is too big. On the other hand, blowing too much on challenges doesn’t make sense either. At that point, you should’ve jumped straight to live. You need a proper balance between those 2.

The stock market realising the Fed will cut rates again in October

Same with America at 4%

When the market stops out your long so you go short and it stops you out again:

One of the most common mistakes beginners make in trading is thinking they need a complicated strategy to become profitable. They hear all these fancy terms and concepts and start looking for the solution in the wrong places. The truth is, even very simple technical concepts can work. The problem is rarely the strategy itself. Most of the time, it comes down to execution, discipline, and emotions getting in the way.

POV: You decided to close the position because it was “too risky” and wake up to see it +50%

“Value investors” when the stock drops 25% in a single day but the company hasn’t missed an earnings report in 3 years

MICHAEL SAYLOR WHEN IT COMES TO BUYING THE TOP AND SELLING THE BOTTOM

The stock market tomorrow:

55% win rate with 2R long-term is a super huge edge. Many will try to convince you otherwise, failing to understand that their methods work only due to asymmetrical risk luck which will eventually run out and their systems will fail. Don’t fall for it.

Life after you’ve made it as a trader

So… no more bull market??

When you celebrate extended market hours but then realise what this actually means

How Democrats feel “supporting” the Clarity Act while their whole party votes against it: