Derek johnson
334 posts


This is so 🔑
Lets do lifetime discord
Click on my guide and comment done to enter
interactivebrokers.com/mkt/?src=tradi…
$TSLA trying to put in the yearly low
Trading Warz@TradingWarz
$TSLA HUGE What did say? Major bounce on the 786 fibonacci The bulls are trying to put in the low of the year with an amazing monthly HAMMER I plan to take multi week options with my auto guide below ❤️ if ur in!
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@MrPassive_ But there are vending machines everywhere I go. It seems like the market is saturated.
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@PaulStifler3 Great post!!! I'm going to copy and save to re-read.
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One reason I mention the trading for a living thread is you have to have reasonable expectations. I think a lot of newer traders have very unrealistic expectations of what they'll be able to do in the mkt. They think they can take a 10 or 25k account and make a few thousand a month. Or turn that into 200k in a year. I spent many years trying to aggressively turn a small account into a large account, which led to a lot of impulsive and destructive trading behaviors in an effort to "push performance". I had some really high highs, followed by blowups or severe drawdowns. My equity curve looked like a roller coaster. I wanted to make massive returns like my trading heroes, so I pushed leverage and large positions sizes, thinking this was the way to get there. It wasn't until I took a more reasonable, conservative approach where I started to make real progress.
I started to understand that 100% up on year one, followed by 50% down the next year put me back to zero gains after two years. That's not fucking fair - but that's how trading math works. Or losing 50% in one year meant I had to make 100% the next year just to get back to where I already was. I started to understand that minimizing drawdowns and compounding gains was the secret sauce - not having massive gains one year only to have a nasty drawdown wipe it all away. It took me many years, in fact, for this to finally register in my thick head. I started to realize that 10% + 5% - 2% + 20% - 2% -2% + 10% + 5% - 2% + 20% - 2% -2% + was a much faster way to make gains than 100% - 50% + 100% -33% etc. Even though none of the months are necessarily "mindblowing", it's the consistency, controlling drawdowns, and compounding returns that matters most - even though this is much less "sexy" than saying you had some massive year. That's not to say you won't have massive months or massive years with compounding. It's more realizing that I have no control over that.
Some markets will be very good for swing trading and I'll make some big months. Other periods of time (in some cases, weeks and months of time), the mkt sucks for just about all long methods. No matter how much you try to "push performance" during these periods, you just aren't going to make much progress. In fact, pushing in these kinds of mkts is very destructive, as I found out time and time again the hard way. I started to learn not to fear the market, but to fear the destruction I could cause in the wrong market. The mkt is neutral and doesn't give a fuck about me as a person. The mkt can be your best friend or your worst enemy - your only job is to determine what mood the mkt is in and follow suit. Happy wife, happy life.
My personal metric for when I make the leap is when I can replace my current 11-12k a month after taxes with trading profits. When I can, using a consistent, conservative trading approach, average more than what I'm making now, after taxes, then and only then will I feel like I've "made it" to the point of being a professional. That means I need to make about 15-20k a month on average - up months, down months, big months, small months and everything in between. That's between 800k-1 million or so, if I take a conservative estimate of averaging 2% a month. Whatever your personal benchmarks are, those are yours and yours alone. My point is, you have to be reasonable with your expectations if you ever hope to make any progress long-term.
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@FluentInFinance Thanks Andrew. Any good books or resources you would recommend in getting up to speed?
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Real estate investing is a wealth building hack, funded by using other people’s money.
You can buy real estate with a bank's money and have tenants help pay off the mortgage.
Real estate investing is one of the best ways to build wealth due to:
• Passive income & cash flow
• Equity & appreciation
• Tax benefits
• Leverage
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@InsiderBuySS If the dollar is losing reserve status, who is it losing it to? Answer - no one! Not right now.
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$SMCI is unique in the market right now. Not only has it recently bolted higher on the back of AI, but where $NVDA has a P/E of 220, $SMCI has 23.4. It is very rare to see a stock run this hot with such high current & future EPS growth and still have a 20ish P/E. Chart courtesy macrotrends.net

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@MyLatinLife @calvinfroedge It's not really debt when you own the printing press.
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