Scott Allen

Super excited to share my first interview as a trader, with Becky Gaskell on the Market Mamas podcast! We talked for over an hour (I've got a LOT to say about trading once you get me talking!) about a wide range of topics, including: - My initial trading journey using crypto grid bots to "stack SATs" (accumulate Bitcoin) by capitalizing on volatility like a market maker. - My motivation for learning to beat the market after watching my mother lose half her retirement savings (twice!), highlighting the S&P 500's 13-year "lost decade". - The challenge of algo trading: failing prop firm challenges, learning about overfitting, and the market shakeup from the MetaTrader and prop firm shutdowns. - The necessity of a healthy money mindset, the life-altering lesson that "it's only money", and the need to adjust position sizing if you cannot weather the losses. - Applying stoic philosophy and the baseball analogy: world-class hitters miss 70% of the time, normalizing "swing and a miss" as part of the game of probabilities. - The turning point of unlearning esoteric strategies and focusing on "first principles" and "finding truth" from reliable sources and academic papers. - A paradoxical explanation of why I prefer algorithmic trading. - The trading truth that fixed profit targets (fixed TPI) have the lowest expectancy. A little something for everyone. If you're into trading (or even just curious), I'd really appreciate a view, a like, a comment, a share — any questions or feedback! youtube.com/watch?v=rXomEZ…

Tell me again how AI isn't actually smart, or capable of original thought — that it's just regurgitating Wikipedia. Blown away… and this actually made me laugh out loud.

So glad to have this coming to my neighborhood. Looking forward to the golf course upgrades too! Welcome to Texas, Alton! communityimpact.com/austin/bastrop…

Nah… if you're not making at least 1% a month, just VOO & chill with your real money until you learn how to trade. OK, maybe less, if you're at least lowering the drawdown. Beating the market actually isn't that hard, if you widen your timeframe. Alpha or beta, nothing less.

Bruh.. Please remember this.. If you are profitable, even if you only make 0.5% per month, you're an insanely great trader. 96% of them lose everything, remember?

@TheH0n3stTrader Phones are for emergency exit only

Bro, listen to me.. Never trade on your phone. NEVER.

It's days like today that are why I still trade the first breakout on ORB, rather than waiting for the retest like most people seem to be advocating these days. 12.7R & done for the day.

I know the last thing we probably need in Bastrop is another Mexican-ish restaurant, but I love our local @FREEBIRDS_WB (sorry @ChipotleTweets — gotta #KeepAustinWeird). Just wish y'all had gotten here sooner! communityimpact.com/austin/bastrop…

What a horrible experience with @LendingTree this morning. I just wanted to get some quotes on a loan. I filled out my info (as one does). When I got through, I immediately started receiving a flood of phone calls. Nearly 100 phone calls! And then a list of lenders. No quotes! After spending 10 minutes blocking all those numbers, I'm no closer to a rate. And that's all I wanted. Not a sales pitch. Not "someone to discuss my loan options with". Just a number (or 2 or 3 or 5 or 10). If I'd wanted to talk to someone right then and there, I would have just started calling lenders. I don't need LendingTree to give me a list of lenders — Google can do that. I wanted what was promised, which was some quick quotes on rates/terms. I did not get that. Never making that mistake again.

@Matt_Pinner 1,111,111,111,111,111,111,111,111,111,111,111,111,111,111,111

So far no one has found the number in the Box What number do you see? Correct answer deserve $650

This week at #Toastmasters our theme was Dr. Seuss, in honor of Theodor Geisel's birthday. For our Educational Moment, I shared some ideas on how to incorporate elements of Seuss's distinctive writing style to add humor & punch to your speaking. linkedin.com/pulse/speaking… via @LinkedIn

@adventure_bloom If your answer isn't stone-ground mustard, we can't be friends.

What goes best with this, ketchup, Cheese, mayonnaise or mustard?

@Forbes Apparently I'm behind the times. A Turkish company came out with one last year. defensivelines.com/roketsan-unvei…

A year ago, this headline would have seemed like fear-mongering dystopian sci-fi. Today it's real. via @forbes forbes.com/sites/amirhusa…

This aged well. It's up another 40+% in 3 months, even with the 50+% drawdown that hit right after my last post on this.

@Ford_Nick No idea — I've never seen or even heard of such a thing

What do you do with leftover bacon?

The dangers of Martingale, 0DTE options, copy trading, and gurus in general: morningstar.com/news/marketwat…

This is worth watching, but there's nothing magical about that inflection point — and it's happened before. This is a relative share story, not a collapse in absolute Treasury holdings. - Global reserves exploded post-2008. - Foreign holders still own trillions in Treasuries. - A declining share ≠ an evaporating buyer base. Calling this the "most significant monetary pivot" feels hyperbolic. Bigger pivots include: - 2008 global dollar swap lines - QE → QT regime shift - China joining the WTO - Creation of the euro - COVID fiscal-monetary fusion Markets price marginal flows and constraints, not headlines. Nothing here implies imminent systemic failure. This looks like risk management, not rebellion. I'm watching it — as always — and I'll rotate when conditions actually change. Capital doesn't disappear. It just migrates to where it's treated best.

🚨 GLOBAL MARKETS ARE IN BIG BIG TROUBLE!!! This is absolutely insane. This is the most significant monetary pivot of the 21st century. For the first time since 1996, Central Banks now hold more Gold than U.S. Treasuries. The game has changed FOREVER. Here’s what caused it: The "Exorbitant Privilege" of the U.S. Dollar is being actively rejected by the rest of the world. Foreign nations are no longer optimizing for "Return ON Capital" (yield)… They are panicking for "Return OF Capital" (safety). U.S. Treasuries = Political Liability. They can be sanctioned, seized, or debased by the Fed. Gold = Neutral Reserve Asset. It has zero counterparty risk. It is nobody’s liability. The math is undeniable, and foreign nations can see it: – U.S. Debt is rising by $1 Trillion every 100 days. – Interest on that debt is now >$1 Trillion/year (more than the entire defense budget). Foreigners know the only way the U.S. pays this back is by printing the difference. THEY ARE FRONT-RUNNING THE FALL OF THE U.S. DOLLAR. Like it or not, the world is moving to a multipolar settlement system. Don't think this is just "anti-Western" nations like China or Russia. Look at the data. Singapore, Poland, and India are aggressively buying gold and silver. Nobody wants to be left holding the paper bag. The U.S. bond market just lost its sticky buyer of last resort. If Central Banks won't buy our debt, WHO WILL? We are watching the end of the fiat standard in real-time. As foreign demand for Treasuries evaporates, yields MUST rise to attract buyers. Higher yields crash the housing market, blow up banks and crush equities. I do this for a living, but I’m sharing it here because everyone deserves the truth, not just the institutions. I’ve been in macro for 22 years, I’ve called every major market top and bottom, and trust me when I say this: a big market crash is coming. When I fully exit the markets, I’ll say it here publicly for everyone to see. If you haven’t followed me yet, you’ll regret it.

@Amazingeye6 Absolutely. But WTF is the asparagus doing on a paper napkin??

Can you eat this steak in one go?

@Matt_Pinner Magnum, P.I., pre-stache

Who is this? Wrong answers only.

@Matt_Pinner 20/20 But I only had the AOL address because you had to have an account to use AIM (AOL Instant Messenger). And 25 years ago, you had to have AIM. True confession though: my mom still has an AOL email address.

8 for me you ?