George Coyle

@anne_tyler77178 Especially when the nasdaq is appreciating at a pace that will have it doubling every 3 months...for me at least!

@gfc4 Druckenmiller’s philosophy hits at the absolute core of risk management. Listening to what the tape is actually telling you rather than what you want it to say takes incredible discipline

“I’ve always believed markets are smarter than I am, they send out a message, and then, if I listen to them properly, no matter how powerful my thesis if they’re [markets] screaming something else, it’s telling me, ‘you’ve gotta reevaluate, you’ve gotta reevaluate’...you’ve gotta be open minded.” - Stan Druckenmiller amazon.com/dp/B0H11KHVN4

@ilyaminati Well said. Essentially love the process (as opposed to outcome)

I agree but easy is an inaccurate word. Naval says something like "do what feels like play to you and hard work to others." So it's less about trading (or whatever) coming easily to them, but more that they enjoyed that specific challenge/the hard. A a non-trading example: some people LOVE complex programming and do it during, after, and before work. To others it's a means to an end. Both can make money, but only one is likely to become world class. I think the same applies to trading. You have to love the hard parts enough to truly succeed in the long term. This is also why most advice is incomplete for most people imo. Successful entrepreneurs that write books on their success often mention "the grind" and "having to work harder than ever," but most forget to mention the part that they love that grind.

Working theory: The things that we are meant to do come easy while the things that we are not meant to do do not.

Just finished an incredible chat with @jackschwager and @gfc4 about the next generation of Market Wizards. What we learned makes me even more excited to read the book when it comes out in June. Watch the full discussion here: youtu.be/34TnfjFWbj8?si…

@Theboyplungerr @jackschwager Your statement isnt correct. Chiu traded mostly ag futures. Berry trades all kinds of futures. The other guys traded primarily stocks but several traded futures, options, etc too.

@gfc4 @jackschwager all the next gen market wizards are stock traders. Was this intentional or you couldn’t find a worthy candidate in other markets?

@DThomasStealth Hmmm good point. I did call it a working theory! But then again once over the "hump", trading came fairly easy to most of them...at least compared to the majority.

@gfc4 Idt any trader in your book would describe trading as coming easy

“...I have a strong critical faculty. I am not a professional security analyst. I would rather call myself an insecurity analyst...I recognize that I may be wrong. This makes me insecure. My sense of insecurity keeps me alert, always ready to correct my errors.” - George Soros amazon.com/dp/B0H11KHVN4

"I've been missing the mark. The variable that really matters is less about the absolute reduction in the peak to trough loss, and more about how quickly you get back to breakeven after a major bear market."

5 day and year to date equal weighted "index" returns for baskets of stocks I watch for speculative trends:

Post of the week (translation, $28.5 trillion total addressable market {TAM} for space is too low since space is infinite) :

Is the right move to just piggyback whatever stocks the government buys? So here it would be quantum stocks?

@MikeBellafiore @jackschwager Nice summary/post. One potential edit, in addition to fighting trading "fires", trader @Off_The_Tape is an actual volunteer firefighter.

Want to know what actually separates seven and eight-figure traders from the rest? Hint: It’s not a secret indicator or some secret sauce strategy. SMB recently sat down with legendary Market Wizards author @jackschwager and co-author @gfc4 on the podcast to unpack their upcoming book, Market Wizards: The Next Generation. SMB Traders @GarrettDrinon and @BeldenTim broke down exactly how today's elite solo performers are extracting massive profits, and we mean massive. SMB’s very own Shark is in the book. SMB mentor Lance is as well. What also makes this podcast so compelling and unique is that Tim and Garrett have had a front-row seat as SMB traders to what makes Shark and Lance great, and they infuse their observations into those of the authors. A podcast like this has never been done with the legendary Market Wizards author(s). Here are the heavy-hitting lessons every trader needs to internalize right now: 𝐓𝐫𝐚𝐝𝐞 𝐘𝐨𝐮𝐫 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐭𝐲, 𝐍𝐨𝐭 𝐭𝐡𝐞 𝐇𝐲𝐩𝐞: Schwager highlighted the massive contrast between explosive, home-run traders who tolerate big drawdowns and steady "firefighter" types who can't stand losing and trade small but consistently [24:55]. Picture either trying to trade like the other—it’s an absolute disaster. If your strategy doesn't match your psychological DNA, you will go bust. 𝐄𝐦𝐛𝐫𝐚𝐜𝐞 𝐘𝐨𝐮𝐫 𝐈𝐧𝐧𝐞𝐫 𝐌𝐮𝐥𝐭𝐢𝐭𝐚𝐬𝐤𝐞𝐫 (𝐈𝐟 𝐈𝐭 𝐅𝐢𝐭𝐬): Our very own SMB heavy hitter, Shark, is featured in the new book! The authors noted that what looks like chaos from the outside—Shark managing dozens of positions and options strategies simultaneously—actually works because he built a style that uniquely fits his high-bandwidth personality [04:59]. 𝐓𝐡𝐞 𝐁𝐢𝐠 𝐃𝐚𝐲𝐬 𝐃𝐫𝐢𝐯𝐞 𝐭𝐡𝐞 𝐌𝐨𝐬𝐚𝐢𝐜: George pointed out a remarkable truth after editing Shark's chapter: the vast majority of elite solo traders make the bulk of their money on just a few distinct days a year using a couple of core styles [08:26]. You don't need to force it every single day. 𝐍𝐞𝐫𝐯𝐞𝐬 𝐨𝐟 𝐒𝐭𝐞𝐞𝐥 𝐔𝐧𝐝𝐞𝐫 𝐅𝐢𝐫𝐞: A universal trait of the greats is complete emotional control when the chips are down [12:16]. Whether they just recouped a month of losses or took a massive stop, you shouldn't be able to tell if it was a good day or a bad day by looking at them. 𝐒𝐮𝐫𝐯𝐢𝐯𝐚𝐥 𝐢𝐬 𝐭𝐡𝐞 𝐔𝐥𝐭𝐢𝐦𝐚𝐭𝐞 𝐄𝐝𝐠𝐞: Jack’s timeless advice for anyone starting out? Start small. If you have $500k in risk capital, do not fund an account with $500k—start with $25k [35:15]. Give yourself the room to mess up, adapt, and stay in the game long enough to actually learn. Trading is an unforgiving game, and most people are honestly better off not doing it [28:20]. But if you have that deep, persistent faith in yourself, talent for the trading you are doing, and the work ethic to back it up, the opportunity is limitless. Study the winners, master your own temperament, and build a PlayBook of strategies over time. You have the power to write your own wizard story—now go put in the work. #MarketWizards #Trading #StockMarket How To Become A Market Wizard with Jack Schwager (and George Coyle) youtu.be/34TnfjFWbj8?si… via @YouTube

Just keepin’ it real Folks seem to treat FREE content as if it’s not worth much🤔 If I charged for my WROs (which I’m not going to do) they would get more views🤷‍♂️ Do yourself a favor & take advantage of my generosity…share with friends BE KIND…Karma🍀❤️🍀

At SMB Capital, we’re proud to have Shark featured in the upcoming Market Wizards: The Next Generation. One of the most impressive things about Shark is his bandwidth. Multiple positions. Multiple strategies. Multiple timeframes. Different market environments. From the outside, that can look like chaos. But what you’re really seeing is a playbook built over years — one setup, one lesson, one adaptation at a time. Elite traders don’t become complex by trying to trade everything. They earn complexity through repetition, experience, and deep self-awareness. Full Podcast here: youtube.com/watch?v=34Tnfj… @gfc4 @jackschwager

“The market usually leads because there are people who know more than you do.” - Bruce Kovner amazon.com/dp/B0H11KHVN4

“The market can humble any and all of us at any time. Your best protection is to stay in gear with the trend. In other words, don’t fight the tape.” -Martin Zweig Source: Principles of Great Traders by George Coyle (@gfc4)

This week's listen to the markets uploaded too: youtube.com/watch?v=pSuxbn…

New secular trend video up - this one focuses on the coming transfer of small businesses from baby boomers to younger generations. Good stuff for the entrepreneurial minded or those looking for a next step. youtube.com/watch?v=YiZ1mT…