Adam Gefvert, CFA

9 things I’ve learned on the road to $9M in profits:

@AsmMiaBonta When has Nick Shirley threatened violence? He just goes and asks questions about the business. Why put his name in the bill?

False. AB 2624 doesn’t stop journalism or fraud investigations; it stops bad-faith actors from doxxing workers serving immigrants with proven intent to threaten or incite violence. Doxxing isn’t journalism.

@luma7778 @Yubiris_Perez @nickshirleyy @SenWarren @JDVance Those fraudsters that Trump pardoned were doing time already. So they were at least caught and put behind bars.

Jeff Bezos has $222 billion. If he paid my wealth tax this year, we could fund insulin in America for everyone who needs it plus free school lunch for every kid in Texas—and have plenty of money left over. And Bezos would still have $215 billion dollars to spare.

@CitronResearch saved retail investors a lot of money in explaining how ridiculously overvalued $VCX is. And he did it in just a few tweets, easy for anyone to quickly read and understand. The @SECGov has a frivolous lawsuit against Citron for profiting on stock reports and it's going to court, which I've been subpoenaed as a witness. I don't want to testify because it's a big inconvenience and expense, but if i have to, then i'm going to tell it like i see it. In my opinion, with all the fraud and insider trading going on, it's a waste of government resources to go after Citron, who is one of the good guys. He is publishing info that he believes is true, to help shareholders make a better decision on their investment. He is increasing financial and investment awareness. It is a public service. If Citron kept that stock/company info private, it will show up in the stock price eventually as the company's fundamentals come to light over time. And the correction usually comes without warning as insiders enrich themselves as either the executives sell their shares and/or the company does dilutive offerings because the insiders know the stock is overvalued even though they project a different message to the investing public. Citron's reports just makes the move happen faster. This enables the investor to decide sooner if they want to keep their money in a potentially bad investment or allocate their funds to something that would be more productive. Of course, there's no guarantee that the stock WILL move based on Citron's research. He isn't a stock market god, he's only human, he can be wrong. And even if he's right, the stock can go way against him first. His report could also cause a short squeeze, which is a common occurrence. Case in point: Citron lost millions on $GME after he reported on the company's failings. Technicals can influence a stock a lot more than fundamentals. Now, if Citron put out info that he KNEW was false, that's another story, that should be illegal. However, if he did this, Citron would lose his reputation and influence pretty quickly. Also, the stock should correct quickly on bogus info as that would create a buying opp for investors who know their investment well. But the SEC isn't accusing Citron of publishing false info in the lawsuit. To those investors who got freaked out of their position or who are salty that Citron's report made their stock go lower. That is the brutal reality of the stock market. It rewards those who have the best info and who have the best trade timing. If you don't know your investment well enough, then you could be shaken out of your position when you should be holding because Citron was wrong or there was an overreaction with the stock. Or you could hold when you shouldn't after Citron gave you important, correct, info to make the proper decision to promptly sell after you understood it. If you own a stock, and especially the speculative ones that Citron writes about, you have to know that it's a risk. And the stock market naturally rewards those who hold solid, growing, companies for the long term. Short term trading is not easy for anyone, certainly not easy for a retail investor who is not a stock professional. If a retail investor wants to roll the dice to make more money than a safe investment by longing a speculative security, they have the right to just as they have the right to play games in a casino even though the odds are they will lose. They probably haven't done the proper deep due diligence on or have a deep understanding of the stock/company because they are too busy with their day job. The reason for the lawsuit is the SEC apparently has a problem with Citron not disclosing his trades after the report is published. I don't think this is logical for the following reasons. First, let me ask the SEC a question: let's say you have a position in a stock. Then i told you i have uncovered very important information about that stock/company. It's not insider info, so legally i can give you that info for free to help you make the best decision with your investment. However, the only way i will give you that info is if i am allowed to trade the stock how i choose and privately. Do you still want me to give you that info? Of course you will say you want the info and that i can trade the stock however I want! That's irrelevant to your position! Plus, if I'm covering my short position, that will actually help the stock go back UP, not further down. Second, there is no securities law that says you have to reveal your trades if you publish info on a stock and talk your book. If there is, where is it written? There isn't, and until there is one, then the lawsuit has no merit.

Mizuho, which used to be one of the more respected sellside firm, is starting to be a contrarian indicator. Wrong on $SOFI so far, said $MAZE data yesterday showed "best in class potential", then the stock tanked hard.

@TylerG_Capital How about taking that first trade, and don't make another trade that day, but also don't walk away from the screen. Continue studying the market and get ready for your trade the next day, but have the discipline to not make another trade today.

This is the #1 most important thing when it comes to prop firm trading. 🤝💯

Yes, he has to stop trading and pay off his debt. Trading isn't something that you can expect to make money from like a normal job. If your desperate to make money, that desperation will lead to making bad trades. You can't have anxiety to make winning trades, you have to be able to go hours or days without making a trade.

I have been trading for more than 5 years now. Lost hefty money during this period. I have been employed for more than 10 years now and have lost all my savings and in a debt. I have only regrets with me now. I still have a job though but all my salary goes into paying back my debt. Completely clueless on how to get past this situation in my life.

@ludaclm @TradersConf $BMR short. I was also short big in clients accounts, most of the accounts went below 0 so had to send in funds for all of them to get back to 0.

@Shiningboy @TradersConf what was the trade?

My friend was making $20-40k/month from prop firms and was growing his personal account too. Never invested in any stocks, crypto - everything just went into his trading account. I don’t know why but he’s been consistently losing for the last 1.5 years and has lost pretty much everything because of it. Just a reminder to diversify your money.

@TradersConf "When i look back I missed so many years and still not successful." He's 24. LOL, i was broke at 38. He has a crazy amount of years ahead of him.

4 years and 100k in debt, I am 24 don't know any other thing than trading. I won't quit. No I am not an addict. Passed prop firms but failed funded. I gave it my life. When i look back I missed so many years and still not successful.

@spicycharles @TradersConf Probably you should review which trades you lost on. And figure out why you lost, and try to avoid similar situations in the future. Do something different next time.

@Shiningboy @TradersConf Thank you. So I've been having issues with retaining my money, I'll make profits then end up loosing it to the market over and over again... No matter how much I make

@spicycharles @TradersConf Sure, go ahead.

@Shiningboy @TradersConf Hello sir, can I ask you some questions if you don't mind.. trading related. Thanks

You need to have the correct balance of wanting to win money and not wanting to lose. The market is there to try and trick you to take your money, and you want to take the market's money. I have the opposite problem, i'm too trigger-happy. Personally, if i can go a day without being tricked by the market into losing money, it's a good day.

I'm afraid to enter trades. I even skip good setups to avoid potential pain. I have a solid strategy for shorting small caps and a funded prop account, which I passed on the first try, with multiple payouts already withdrawn. I can't lose a single dollar, and yet I'm so risk-averse that I'm scared. Is this trading PTSD?

@shortisnteasy But i don't see why anyone would openly take the side of fraud. It doesn't matter which political party your with.

@Shiningboy Gavin is closer to Trump than anything. Both are mainly sensationalists and egocentrics. Falling for Gavin's trolls is like when the left gets triggered

This is insane, and shows the Democrat party's true colors.

"once you have the skill, that's it". That's not true. It's very easy to lose your trading edge due to market changes or your own mindframe changing. You have to constantly be vigilant and hard working no matter how long you've been trading. But i do think trading is a great career.

This is why I will never work a normal job:

@ZaStocks On the flipside, stopping out a lot can really deplete your bankroll. Stop-outs are awful.

You should never take a big loss. It’s the most important rule of trading that any successful trader will tell you, non negotiable. Losing trades are inevitable, everyone loses. What isn’t inevitable is big losses. Why? Because we control the size of our losing trades. If you take a big loss it’s because you let a small loss turn into a big one, it should never happen. There should only be four outcomes while trading: Big win Small win Breakeven Small loss That’s it, big losses shouldn’t be an option. If you program yourself to not allow big losses your success will increase exponentially.

@James_Foresight ya i was concerned about that, that he would do the same for $KALA. But KALA float is too big, and o/s shares. Lazar had full control of most of the $NBY shares.

@Shiningboy Ya but look how far NBY went

$KALA AI product is likely a worthless scam. Its CEO, David Lazar, is the same guy who ran $NBY.

@ApeIsLive What does that line that he moved down signify? I thought it was his stop loss.

Never give up 💰

@Respekchemistry Most people who long don't get the short interest. The broker gets it.

I'm short a small amount of $AIU and $MAGH. They are going through an extended halt. If anyone is long those stocks, ill buy some off you.