Patrick Bateman

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Patrick Bateman

Patrick Bateman

@FunkBOOTyIST

engineering and quantum physics degrees. Quant trader by day, bodybuilder and stripper by night.

Katılım Kasım 2014
732 Takip Edilen394 Takipçiler
The Honest Trader
The Honest Trader@TheH0n3stTrader·
If you want to succeed as a trader, don't expect more than 5 hours of sleep per night. Expect screens and caffeine.
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L2WTrades
L2WTrades@L2WTrades·
a blackjack card counter taught me more about trading than any mentor i ever had he quit counting cards to day trade futures said he makes 3x more money with less risk thought he was full of shit until he showed me his prop firm dashboard on his phone $43K withdrawn last month alone I asked for more proof he pulled up 6 months of payout receipts $247K total from a guy who used to get chased out of Bellagios by pit bosses "counting cards and trading are the same math, everyone just thinks one is genius and the other is gambling" he broke it down: in blackjack, a card counter has roughly a 1-2% edge over the house sounds small until you realize you're playing 200+ hands per hour over thousands of hands that compounds into serious money MIT teams were pulling $300-500K per year in their prime, but the casino can ban you at any time. facial recognition. shared databases between properties your career ends the moment they recognize your face in futures trading, a disciplined trader with one setup has roughly a 40-50% edge per trade when only taking A+ setups, you don't need 200 trades per hour you need 1-3 per day over hundreds of trades per year, that compounds faster than card counting ever could, and nobody can ban you. no pit boss. no facial recognition. no blacklist "but isn't trading riskier than card counting?" "in card counting, one mistake and you're banned for life, in trading, one mistake and you take a 1% loss and try again tomorrow. trading is the most forgiving game with an edge that exists" the math is identical you identify when the odds are in your favor. you size more when they are. you do nothing when they aren't the discipline is the same. the patience is the same. the only difference is nobody can kick you out of the market for being too good his system: he tracks the "count" of the market the same way he tracked cards high count = high probability setup: 1) daily level swept (stops triggered = liquidity available) 2) fair value gap present (imbalance = price has reason to move) 3) volume confirming (institutions are participating) 4) session timing correct (9:30-11:00 AM, not afternoon chop) when all four conditions are met he calls that a "hot deck" he sizes big. low count = stay out 1) no levels swept 2) choppy price action 3) low volume 4) outside the time element when any condition is missing he calls it a "cold deck" doesn't touch it most traders play every hand that's how tourists lose at blackjack you sit at the table for 6 hours playing every deal = you're donating money his stats as a card counter: $180K/year. banned from 11 casinos in 3 states. moved 4 times to avoid being recognized. constant stress about being caught his stats as a futures trader: $510K/year across 20 funded accounts. works from his apartment. 90 minutes of active screen time per day. zero stress about being "caught". nobody even knows he exists the casino can kick you out the market can't same edge. better table. infinitely better table I checked the math after that conversation card counting: 1-2% edge × 200 hands/hour × capped by casino tolerance futures trading: 15-30% edge per A+ setup × 1-3 setups/day × no cap ever he's right it's not even close and he doesn't have to wear a disguise to do it
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Patrick Bateman
Patrick Bateman@FunkBOOTyIST·
@TradingInTheNow Half the floor traders I knew showed up hungover, smelling of weed, and or high as fuck on cocaine and did great. Some of the biggest bank’s financial traders were a druggies. Everyone looks the other way if you’re bringing in that money.
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Sanjeev S
Sanjeev S@TradingInTheNow·
Trading isn’t a job. Some jobs let you show up tired, half-ass it, and still get paid regardless of your mood. Trading doesn’t work like that. It’s closer to a performance sport. Your output is directly tied to your state of mind. If your head isn’t clear, your execution won’t be either. The problem is that most people underestimate how much clarity affects their results. They blame the strategy, the market, the entry, the timing etc. People blame anything but the actual truth - their mind wasn’t in the right place when they made the decision. A clouded mind leads to forced trades. Stress leads to impulsive exits. Frustration leads to revenge trading. And all of that bleeds into your P&L. You can’t force your way through trading. You can’t “push through” a bad mental state like you would at a regular job. If your clarity is off, your performance is off. If your performance is off, your results will show it. Prioritise protecting your mind first. Your account will always thank you for it.
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Joaquín López-Dóriga
Joaquín López-Dóriga@lopezdoriga·
Les informo que en un operativo del Ejército, matan a El Mencho. En un momento más
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Patrick Bateman
Patrick Bateman@FunkBOOTyIST·
@NHLRussell I started watching hockey during black hawks finals. Following year watching reg season I was like wtf this is boring.
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Russell Morgan
Russell Morgan@NHLRussell·
Someone in LA is going to try watching hockey after the Olympics, turn on a Kings game, and be like “what the fuck.”
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Olivia Garvey
Olivia Garvey@OliviaNBCLA·
I can’t take this anymore.
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unusual_whales
unusual_whales@unusual_whales·
Iran is about a week away from having the ability to make industrial-grade bombs, US Special Envoy to the Middle East Steve Witkoff told Fox News
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Summer's Eye
Summer's Eye@HellsBitchen_·
Here's an industry secret. After you frontrun your billionth client, the NYSE lets you build your own tower at the trading venue in Mahwah. Congrats to Jane Street today on joining Citadel and Susquehanna in this exclusive club!
Summer's Eye tweet media
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NEXTA
NEXTA@nexta_tv·
Actually, mad impressive. Pete Hegseth is bench pressing 315 pounds during a workout at a military gym The Secretary of Defense has repeatedly publicly criticized "fat" soldiers, generals, and admirals, calling obesity a national security threat. Well, I must admit, Pete Hegseth himself is in excellent physical shape💪🇺🇸
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Patrick Bateman
Patrick Bateman@FunkBOOTyIST·
@assface_burner My life as a trader and almost every trader I know started by getting an internship at a trading firm and unlimited capital to trade after a year or 2. Real trade not simulated.
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Patrick Bateman
Patrick Bateman@FunkBOOTyIST·
@WestLoopTom I think a lot more. I see lots of idiots bragging bout making a lot of money on simulated trading accounts.
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WestLoopTom
WestLoopTom@WestLoopTom·
At least half of the people I see on Twitter are financially illiterate. No wonder so many people are broke.
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Stephen Gibbons
Stephen Gibbons@Gibboanxious·
what’s the first movie you think of when you see this???
Stephen Gibbons tweet media
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Patrick Bateman
Patrick Bateman@FunkBOOTyIST·
@MoFibz Get a real trading account. This simulation crap is like a bucket shop
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Malz
Malz@MoFibz·
Two weeks ago, Topstep reset all 5 of my accounts to zero while I was up $4K each $20K gone overnight over false hedging accusations. I didn’t react emotionally .I stayed calm, took the hit, and came back stronger. Today, I’m up $37K and requesting my payout tonight. All glory to God.
Malz tweet mediaMalz tweet media
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Nithya Shri
Nithya Shri@Nithya_Shrii·
Be honest do you think it’s your responsibility to take care of your parents?
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Christopher Gibbs
Christopher Gibbs@ChrisRGibbs·
As a farmer who paid tsriffs on all my supplies since April, where can I apply to get a rebate?
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Curiosity
Curiosity@CuriosityonX·
If aliens came to Earth, who should be in charge of speaking on behalf of humanity?
Curiosity tweet media
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Patrick Bateman
Patrick Bateman@FunkBOOTyIST·
@TradersConf You’re not trading though. These are modern day bucket shops. Real prop firms would hire you and split profits with you. That’s how I, and most of my colleagues, got into the business years ago.
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Traders Confessions
Traders Confessions@TradersConf·
It's never been easier to get funded capital On Prop Firm Match you can find $5k challenges for as low as $13 The barrier to entry has never been lower! If you want to see the best prop firm deals, go to Prop Firm Match here 👇 propfirmmatch.com/?a_aid=traders…
Traders Confessions tweet media
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