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My interview with Richard Moglen and TraderLion!
I rambled quite a bit but hope you get something out of it! Now open to watch for everyone.
youtu.be/Lot25-2fb-4?si…
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Christian Flanders
2.8K posts
Christian Flanders
@CFlanders7
Independent Trader. Aiming for SUPER PERFORMANCE in the stock market. USIC 2024 2nd Place +433%. USIC 2025 2nd place +167%. Avid tennis player.
Katılım Ağustos 2013
721 Takip Edilen15.2K Takipçiler
@Cacatfishman That would be great. I think its extremely unlikely we don't get an undercut of the Nov low at some point.
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@CFlanders7 I sure can't tell what the heck is going to happen. But...if we are making a wish list: I would like to see a solid undercut of the 11/21 low, NAAIM below 50 and all sentiment metrics washed out. Then a nice base starting to form with higher lows and clear leadership. 🙂
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Looks like all the distribution from the last two months has finally overwhelmed buyers. Sentiment has started to turn negative. How low will we go?
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Want to see NAAIM come down to below 40 or more. Active managers have to capitulate to some extent and the negative sentiment has to pick up even more. AAII today’s number and yesterday’s Equity P/C of 0.9 reflect some of those sentiment. But, may be that’s not a contrarian this time, and we have more to go 🤷♂️
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@CFlanders7 @CFlanders7 do you also analyze the general market using the COT report. Like NQ is getting crowded by retailers on the short side and could mean a reversal might be near.
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Might be tempted to buy this but if you’ve studied history, crashes typically happen from very oversold levels.
Barchart@Barchart
S&P 500 $SPX hits most oversold level 24 months 🚨🚨
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@CFlanders7 Agreed, definitely open to the idea that Memory names are working on blow-off tops.
Leaders can only move without the market for so long
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Last two days volume was very low on QQQ. Which way do we break now.
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@ctate480 Going to be nigh impossible to have a sustained trend up if the market is heavy.
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@SoloRiskOps Have to wait and see what happens. Bounces happen at oversold levels too.
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This is trading and entrepreneurship in a nutshell. It drives academics crazy that people they *know* are dumber than them are so much more successful than they are. They can’t comprehend why.
Kpaxs@Kpaxs
This is the thing nobody wants to hear but it’s true. Everyone’s obsessed with IQ and cleverness and big brain moves but that’s not what separates people who do things from people who don’t. The real filter is: can you keep going when it sucks? can you sit with discomfort? can you do the boring thing for the 100th time? can you handle rejection, failure, embarrassment, uncertainty, the slow grind?
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@surjir__ @SUPERNAKED1 Risk management. Not allowing drawdowns to get out of control anymore. The patience to sit in winning trades.
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@CFlanders7 @SUPERNAKED1 What was the breakthrough that clicked things for you at year 7 if you can sum it up …
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My wife asked me the other night if I wish my trading journey could have been easier. Do I wish I didn't have the large, extended drawdowns over years.
I said while extremely painful and difficult at the time, I wouldn't have it any other way. Once you have been through the gauntlet like that, the self-confidence and self-belief you gain is invaluable.
Most importantly, you know exactly what you did to have that drawdown and know exactly what NOT to do going forward.
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@CFlanders7 Same we learn far more during those ugly periods
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@Erik96754 @SteveCanyon9 As long as you keep improving you will get there!
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I’m not the sharpest tool in the shed, but not the dullest either. Worked my ass off waiting tables at a 5star restaurant while going to college and got my bachelors and my masters, in addition to my captains license. I sincerely thought I could just read the books by the best traders and succeed. I had to get my ass handed to me by the market to learn. I’m 4 years in, and now believe I’m at the beginning stages of profitability…maybe
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@CFlanders7 The tuition can be brutal. But what it buys you can't be learned any other way.
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@CFlanders7 I would have preferred for it to be easier. All of that stress did some damage. I ruined countless vacations, holidays, relationships. Constantly depressed. It was a dark cloud over my entire life. Could have just invested in index funds and easily retired in my 40s.
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@CFlanders7 I didn’t know that! Thanks for sharing, Christian.
How does he feel about trading now?
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When someone says YOU can’t do something, they mean that THEY can’t do it.
When I told my now-former colleagues that I’d resigned and was going to work for myself, I got reactions along the lines of: “Freelance is really hard, you know!” Some had already tried and failed.
I pointed out I had a newsletter with 5k subs (now 9k), which got a cheerful response: “You’ll be fine then!”
I worked with many great people. Most wanted me to succeed. And most were trying to be kind with their warning rather than trying to bring me down.
You aren’t always discouraged by sinister motives. Those who care about you just want to protect you.
But that doesn’t automatically make them right.
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There's no progress without experiencing discomfort and occasional pain. Avoiding all of that just means you stagnate, ultimately leading to far worse outcomes
While it's never comfortable, once you get it, you'll never have it any other way. The capacity for growth seems limitless
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