Patrick Bateman
8.3K posts

Patrick Bateman
@FunkBOOTyIST
engineering and quantum physics degrees. Quant trader by day, bodybuilder and stripper by night.
Katılım Kasım 2014
732 Takip Edilen394 Takipçiler

@L2WTrades Some trading firms have you play poker during evaluations.
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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$43K withdrawn last month alone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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@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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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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@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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@unusual_whales Haven’t they been a week away for years now?
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@HellsBitchen_ This isn’t new. CME lets them rent space next to their servers.
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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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I find it interesting that yanks are calling him an absolute master of his craft. sure he's very polite, but do you all just treat waiters like pieces of shit in your shoes?
big john the boshfather@Johnfis08605918
Chinese in Dubai Marina ? Oh go on then. Bosh
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@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 retweetledi

@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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@MoFibz Get a real trading account. This simulation crap is like a bucket shop
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@curiosityonx The most orange, fattest, dumbest, raping alien of course.
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@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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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…

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