Mike

@Deconsecrated2 What a machine

Really solid overall day, no red trades for me 💰 Caught $TSLA on the $300 liquidity grab long with that being a massive level... $WAFU caught super nice momo long but missed short flip Taking some $SPY / $QQQ calls into tomorrow, bottom ticked them pretty nicely $MLGO nice bag holder short as well Then obviously the $GC_F with some $NVDA $SMCI $AAPL scrap scalps

$SMCI Writeup below. Round tripped on the short this am which was costly and I think an avoidable mistake. Thought id share whole trade but writeup specficially on pre10am and why it wasnt a homerun adf Havent posted one in a min, maybe why im still in these drawdown trenches.

@InvestorsLive Gotcha. Yea was good w size on the pop, just rode too much (3/4) from initial trade ruined it. Think if flush was more violent/ vol Id cov full & long. Got lulled to sleep & said “ah I’ll hold for mega fade” Enough ex’s like DJT & Nvda 6/20 first bounce to have not been smarter

@Mmiketrading Yeah I see that but, your first entry executions fantastic. Well done. I figured maybe you got long some. Either way ... Typically I start in but even starters over the last week + can still hurt if not cautious.

$SMCI these V shape recovery moves screw a lot of people up because you have this huge huge padding and high confidence coming off the big nail and start re scaling w/ more size for round two. Best to be hands off on the reversal or (what I am trying to get better at -- long). But you can see both $MSTR and $DJT did this day the examples I gave. Same set up same result. This why it's good to study patterns (hindsight).

@InvestorsLive ***Wanna stress my tweet was an ex of being the idiot who didn’t cov the flush full & fought the V shape 😂

@Mmiketrading Great job Mike !!

@Deconsecrated2 Ridiculous trade… ty for sharing

Midnight read: St Thomas $200,000 profit $NVDA trade. open.substack.com/pub/deconsecra…

@MoistMango12 Gotta be the highest performing fruit this yr. Very deserving, appreciate all the help throughout the year 🐐

Been avoiding posting pnl tweets but inspired by everyone's yearly pnl posts, goals and reviews I decided to post mine. Approximately +7.4m on the year, which equates to roughly a 250% return on trading assets. An insane year in terms of opportunity set. I benefited a lot this year from my multi strategy/market/timeframe approach. There was opportunity galore. I am very happy with the headline figure, but reality is that +1000% or even much higher was possible without a doubt. My August drawdown that I tweeted about cost a lot in raw cost, but also in opportunity cost. Definitely a focus going forward to avoid this. One goal I have been slowly working towards over the past few years has been to get comfortable holding more assets in my trading accounts, not leaning on keeping the account small as a crutch for poor risk management. Despite my large drawdown I was never at risk of blowing up this year, so really happy with my progression on this. In terms of my actual trading a lot of skills that I built 2021-2024 really started to pay off and it kind of felt like I had a "base breakout". A lot of things felt like they came together nicely, coupled with the good market of course. Going forward my focus will continue to be on big opportunities and how to maximize them. That said I also want to improve my consistency day-to-day/week-to-week. I would like to avoid the ugly equity curve I produced this year.

@Rebelo49 Im a junkie for these blogs. All that specific setup/process stuff is an insane value add & super helpful. Thanks for taking the time to post these & the charts throughout the year- much appreciated. Congrats on the year, keep up the good work 🤙

2024 Review open.substack.com/pub/rebelo49/p…

$Gme RK is washed idea

@NathanFagan16 Super impressive keeping it flat around sept after a good run & closing on highs. Congrats on the year 🔥

Each year I do an annual review and new year goals. I break the goals down into three categories: Trading, Personal, Fitness. These were my 2024 Trading Goals, written down January 2024. Notice not a single PNL goal, as that should work itself out naturally overtime. Focusing on PNL is the wrong way to go about goal setting for trading in my opinion. I did not fulfill all of these goals but the point is to be more mindful of what you wanna achieve and work on it daily without NEEDING to succeed. 2024 was my best year ever and wraps up my fifth year full time trading. I would never have believed I could do what I did this year. It feels surreal. It was lots of fun, but also really shitty at times. That’s gambling for you, oh sorry trading I mean. A special thank you to @MoistMango12 @Valckrie and many others in my pod who I traded with daily. They made this year possible and I absolutely could not have done it without them, truly. Goals 1 and 15 seemed to be most important with hindsight. 2024 Goals: 1.Focus on winning the process every day, every week, and every month. Do the things that you know lead to good trading, and results will follow. Be maniacally disciplined and rigorous in the daily process. 2.Protect mental capital at all costs, it is the most valuable thing you have.  3.Upon daily and weekly reviews, figure out what is working and continue to do that. Rinse and repeat. Dont try and change what is working if it is working well.  4.Continue to size up scalps that offer tight spots and clear moments on tape.  5.Avoid mid day, avoid in range trades, avoid counter trend trades that are clearly not parabolic or proper mean reversions.  7.Before placing a trade, fully understand if it is a quick scalp or if you are trying to play a larger move. Specificity on the setup so you manage and size it properly.  8.When you are sick, traveling, or unprepared and not in the proper state to truly trade, just dont trade. This requires deep self discipline and accepting the truth when you clearly know you should not be trading or dont need to be trading. Always been an issue of mine, but hopefully 2024 I can better detach when I am not properly ready for market.  9.Numbers will only get bigger, avoid emotional feelings to the numbers both green and red. Remember, process and one day at a time. Reviews, journals, and execute to the best of your ability. It all works out if you do this maniacally. Never focus on numbers, focus on the trading. 10.Find a new pod, more networking, and more communication with other traders.  11.Be very selective on swings. Only A+ for swings. There should be no swing trades you take that are “meh” they should be perfect looking or not taken at all.  12.Avoid any situation that could lead to unnecessary stress, black swans, or impact my sleep. If I am in a swing and I am thinking too much about it, I am either too big, or not certain enough in the quality of the trade.  13.Continue to treat the day as 3 separate days, morning session, mid day informational period, afternoon session.  14.Travel/reduce trading during months that typically suck. February and August should be travel months. September should be low risk/not super focused if the market is not trading well. The periods I say no trading should be no trading. Flip side of this is during months I know are hot, I should be living somewhere in full grind mode and focused. No travel, no partying, limited distractions. 80% of money made 20% of the time.  15. During drawdown or challenging periods, double down on review and selectivity. Size down and remind yourself you have been here before and you will get out of the hole.  16.Avoid large losses on individual ideas, never get married to an idea to the point you break basic rules and cause a headache for yourself. You can always get back in, never add add add to the point you cannot close the trade because your emotional or too attached. Mental capital #1 priority.

Threw together a master file of 2024 opps. Over 200+ with 1min, daily chart, & some markups on how I'd ideally like to have traded them. open.substack.com/pub/mmiketradi…

@vnhqtrn Same. Was not prepped for fomc wiping everything out kind of winged it last second. Don’t really know where to grade the opp

@MMiketrading Took the same entries but with like 25% of the size I wanted :(. Was expecting a move in the morning hours like MSTR

@Rebelo49 Thanks for sharing these. Max bp short pltr seems like a good enough reason to miss the other monday opps lol. Hopefully another round on the quantum/ai names & proper tsla opp later this week

@rebelo49/note/p-153166556" target="_blank" rel="nofollow noopener">substack.com/@rebelo49/note…

@MoistMango12 Far more impressive than any one pr trade or something. Big congrats 🥭💰

Had a record drawdown after Japan black monday, which peaked roughly just before the china selloff (6th August-7th October). I gave back roughly 2/3s of yearly pnl from overtrading, aping highs, stopping out and flipping short on size for 5-6 weeks. Drawdowns get easier with experience, though they remain absurdly difficult. There are plenty of good drawdown recovery best practices out there so don't want to dwell too much on that. I just wanted to offer my reflections on the event to show that it can happen to anyone. It's important to cut drawdowns quick, not just to mitigate the immediate costs but also to minimize the significant opportunity costs that might follow. The cause was a combination of things: - Parabolic pnl curve. - Some mild tilt that I couldn't shake day to day resulting from Japan trade straight into LUMN big loss. - Recognizing that I needed to reset, took a week off, but it didn't help because I didn't fix the issue. - Overconfidence that I would recover the drawdown, even as it deepened led to complacency. Finally, peak panic and frustration set in and I wired from account to protect myself from myself. Which of course marked the bottom of the drawdown. To be clear this was definitely the right thing to do. Mentally I was prepping for recovery from the drawdown to take a year or so if required. So the cost was huge, but the cost of it didn't stop there. Soon after I reached the trough of the drawdown China happened, and I absolutely crushed it. Easily would have been a record day if the drawdown was half what it was. Then following on from that I crushed BTC which was a huge trade, but again was probably cut by 1/3 or more by not executing from a position of strength. Am fortunate enough to be closing out the year at pnl highs due to the opportunity set and trading it well, but the cost of the drawdown on those two trades alone was absurd.

@InvestorsLive Dcfc… nice trade!

@mmiketrading D something

All out the $UMAC = $KODK comparison trade from pre market

@MoistMango12 Gnarly trade man. thanks for sharing. Been fun to piece all the commentary together along the way.

Locked in +50-100R closing off my heavy BTC long from election night around 97k. The trade isn't over and will remain heavily in play, but a good spot to reset and refocus. Imo this is candidate for setup of the year. Up there as high as SMCI 0dte's on unwind day. Like SMCI executing it via the right instrument (perps in this case vs 0dtes) turned the setup from A+ to A++++. If anyone does a super deep analysis of it and links it to this post I will reply with my comments. Personally although the hourly is very clean I struggled with: - Adds in the 74k region and decided to widen stop (hence why I say 50-100r), since it was clearly "the spot" and couldn't risk getting chopped more. - The 77k continuation flag break happened on a Sunday, and while a CME gap that never fills was a likely price permutation I considered, historically it hasn't paid to buy bo's on the weekend so didn't go super heavy there. - Chopped a little in the 90k range as well. Sale reason: Beginning to get overextended on weekly, Saylor couldn't budge it higher with a 5b buy, MSTR cleanly rolling, reaction to Saylor news deep negative, and lastly it is setting up in a way where I can rebuy later.

@InvestorsLive btct btm replaying this exact scenario. big pic theme (ai, btc), quiet front load trend d1 then gap up and crazy runner on day 2

$CXAI and $IDAI long ideas earlier nice AHs rippers hopefully more fun tomorrow. Have some left to hold into tomorrow but will look to fade the gap as well.