SLE

"I just trade stocks in a closed room alone and know nothing about what's happening in the world. It's almost cheeky of me to advise someone who has much more experience in life. I have money but it doesn't mean I'm a valuable person." -BNF

@amberXBT I like it

Pelosi would be proud of her

@amberXBT truly innovative

@amberXBT then questionable id say

"I just trade stocks in a closed room alone and know nothing about what's happening in the world. It's almost cheeky of me to advise someone who has much more experience in life. I have money but it doesn't mean I'm a valuable person." -BNF

@amberXBT @STOCKMASTERJAY No more alpha for you :(

FOMO comes from lacking a setup and wanting to force things out of frustration

Read this section from Mark Boucher until it's burned in your brain. While most traders hyperfocus on tactics and indicators, the first order of business is identifying runaway "markets" (stocks). Only after you've found the strongest, fastest horses should you even consider looking at indicators and tactics. To do the opposite doesn't make sense. Imagine putting the best saddle and horseshoes on the slowest horse and then being upset when he isn't very fast. "But he has the best equipment, the best nutrition, the best XYZ". Ok, he's still the slowest horse and he'll never beat the fastest horse. It's the same way with stocks. Focus on the strongest trends and most explosive markup phases.

PPSI 13% position BITF 12% position More cautious since didn’t see many setups today and market is quite extended, maybe pullbacks await.

@amberXBT @STOCKMASTERJAY

Being first is easier than being smart

IMHO, what @PradeepBonde discusses here is exactly why most traders can't replicate @Qullamaggie. While KK might have the mental fortitude to endure a 20-30% win rate, a vast majority of traders don't. I know that I couldn't do it mentally, which is why I had to modify a few tactics of K's approach to increase the win rate, while trying to maintain the core of his setup approach. Using super tight stops might get you a higher profit factor and will perhaps yield maximum raw returns - but this comes at a cost of a really low BA and longer drawdowns. This is precisely why I use stops that are a bit looser and positions that are a bit smaller. Personally, to stick with my system and not sabotage things, I had to do what my personality could handle, even if mathematically, it might not be "optimal". Who cares about optimal if you can't follow it? Who cares about an "optimal" diet and exercise regime if it's so mentally and physically exhausting that you quit after a few weeks or you only do it sporadically? Maybe that's why there's only 1 KK and a bunch of followers. Maybe I'll never reach his achievements, but if my slight modifications get me 50% of the way there, while allowing me to maintain my sanity and trade with a clear head, then fuck optimal. youtube.com/watch?v=yidu6g…

very tight stop on $PYPL and $LULU both stopped out. Things im seeing rn are $XME $BTU Market still very stop and go like will wait for more buying to come in again.

@amberXBT Yes I was in profit then moved stop and stopped put a bit above breakeven

NERV EP 9million consolidation breakout

Don't trade for entertainment, know when to sit on your hands

@amberXBT Interesting didn’t know the parabolic shorts have high winrate… might look into that eventually