Scalp Trading

@BlacklionCTA Truly is embarrassing lol. I read the thread she def has never worked in financial markets before or traded for a living lol.

Works for Zacks, hosts a podcast, etc.🤦‍♂️

My first boss said "traders trade" if you want to pontificate go be a journalist. lol Something I have always remembered

If you day trade the wider ranges has been very nice. A lot on fin twit are position traders and lecture others. I asked one person and they have only taken 3 trades since June lol. Trade both ways short and long. Better skill involved.

@TrendSpider It’s also the April 8 gap for the $QQQ

One more level... just in case $QQQ

@BlacklionCTA Only Jackson Hole I can remember that was somewhat big was August 2022 - market sold off hard on Powells tough talk then. We will see if 4 years later "whatever it takes" still matters to the Fed

This got more interesting today. kansascityfed.org/research/jacks…

@shawngorham Yes a standing desk is worth it. I have one from an old office building, so looks corporate office, but it does the job. Versa Tables - they come fully assembled just have to attach roller caster wheels.

Home Office friends: I am FINALLY get a desk at home (kid moving out) I have a uplift stand up desk at work, truthfully I dont stand up at it much. Should I get the same one for home? Talk to me experts

@paxtrader777 @alphatrends A heartbreaking loss. Some of our favorite tunes are by him, incredible voice his songs could be used for every emotion.

@ScalpsTrading @alphatrends Oh my goodness. He was an amazing talent. God rest his soul.

RIP Glen Hansard Talented musician, storyteller and good guy rollingstone.com/music/music-ne…

@paxtrader777 @alphatrends Motorcycle crash :(

@alphatrends Oh no. I loved him. What hapoened!?

@TLAMB91 Tsla also pretty bad -30% YTD lol

the most hated stock of 2026 is now our only hope $MSFT

@AuclairsDad Yep. Dan at Vol Signals has been all over it he really helped me get myself prepared I used to be clueless on it all

Hope everyone had a great day. One of the best range days both ways all month. Loved it.

Michael Mckee from bloomberg always asks the most woke questions in these press conferences

A wonderful rally off the lows likely to go outside day

@danshep55 yep and then $aapl and $amzn thursday amc

$msft $meta $qcom after the close . Will be interesting to see if they can provide some life back into tech . Fomc is irrelevant. Just bunch of noise .

Nice little rally off the lows. Took some profits off. The SPY is back to yesterdays low now.

@bclund Some are stubborn. But we all had to learn through getting our tails kicked. After I blew a few piles of money I learned over a decade ago the best loss is the fast and small one. Never argue with predefined stop or under a declining MA (brian shannon work / vwap)

I sincerely wish that I could convince each new crop of traders that trees don't grow to the sky. But it's a lesson each individual has to learn on their own, just like I did.

@JaredKubin Very tough it took me a week then was like yes this trade is over. I def gave back more than I should’ve. Good year though excited for the chaos around midterms 😂

@ScalpsTrading Riding the lightning is hard. I have many battle scars

BLOODY JULY: CYCLES - COMPETITION - CROWDING april... may... june was a continual tweet storm of "market's flat and my book is up 10% a day." That trade is now running in reverse....HARD. Everyone is speculating on why the DISPERSION TRADE is inverting If I had to simplify investing (hard to do!)... it would be this... focus on 3 things CYCLE, COMPETITION, and CROWDING. Rates, valuations, fed liquidity, admin tweets... all important, but a distraction from the most important things THE CYCLE: we are in an AI supercycle. You see it everywhere. The market is an amazing discounting mechanism... it discounted the run in chips, then energy names, then the bottlenecks, and it was right each time. The mistake... is losing sight of the cycle while you drag right on your Excel model. The only question right now is... WHERE ARE WE IN THE EARNINGS CYCLE? If you don't have a forward view on that for every name you own.. Its VERY hard to fight with the quants on price... and when price action and your views disagree? manage risk... you can always add it back... doubling down is masochistic unless you have a clear catalyst or a Goggins level pain tolerance COMPETITION: this is the BIG one. Competition is the multiple killer. One of the smartest tech investors I know taught me this, and people ignore it, until it's too late. It wasn't OAI vs ANT... they were both winning...historic ARR of $100bn+ I mean com on.... the tell? OPEN SOURCE picking up real steam in June is my read....govt, models, training costs... noise. Competition WIDENS the distribution of outcomes. That pressures margins and future FCF, and none of it shows up in the model today... so the market discounts the wider distribution now. I hear you on Jevons paradox, more compute is needed, etc. But when OUTCOMES get WIDER, multiple compress. Full stop. CROWDING: the trickiest of the three...takes a real mosaic approach. I believe we were at EXTREME crowding in the AI trade... hedge funds, single managers, retail p&l shots, 2-3x ETF launches, international speculative gamblers. GROSSES and NETS were at highs when Korea RAISED THE PRICE OF BUYING SAMSUNG (see my June tweet). Think about that for a second, then look at the stock (or any of the bottleneck bro stocks). They were clearly worried. Crowding has always been the elusive factor for quants... hard to quantify, hard to get data on, hard to manage, because you have to invert your worldview for 2/6/10 weeks on a gut read that a lot of other people are about to be forced sellers... I think of it more as a sliding scale, the more crowded something is... the more I am scaling out of it What are my rules? 1 of 3... yellow flag... Manage risk 2 of 3... red flag... Move your feet 3 of 3... break glass... Get smaller and reassess everything The questions for you now: 1 - where are we in the EARNINGS CYCLE? 2 - have multiples compressed enough to take on the risk of wider outcomes in the future? 3 - where are we on CROWDING? And... don't forget... the 3 work the other way too... when they line up? gotta be able to hit the gas pedal. Stay safe out there. Mange risk.

@TheFlowHorse Some learn the hard way, can’t say I would lose $24 million . U can always get back in a trade. Sad to see. I lost a few 100k. Ur years ago and now small losses are best can’t stand round tripping gains , never again

It should have came sooner, but this is where you give yourself the risk manager tap on the shoulder and close the screens for a long time. Reminds me of Michael Platt’s take: “I don’t have any tolerance for trading losses. I hate losing money more than anything. Losing money is what kills you. Not the actual loss. The fact that it messes up your psychology."

Some people can only trade on the long side and call it a bad market. I day trade short and long for cash flow. Most or also trade ES or SPX do the same