This isn't just an interview; it's a fundamental inflection point.
I've consumed A LOT of 💩 trying to learn to trade, but the insight here on strategy adaptation shreds the idea of the one-size-fits-all strategy.
Like me, if you've earned and then capitulated in the next cycle, this episode has the power to compel a serious pivot.
Pure, high-value truth on 'controlling the controllables.' Personal and professional.
And the kicker? This Cade guy has zero socials. Pure Hedge Fund trader. No course pitch in sight.
Thanks for this one @wordsofrizdom, best one yet.
🫳🏼
youtu.be/j2KsCD2tlcE?si=BVAd…
I gotta update my question/opinion on this one. @IBKR's "advanced chart" is much nicer.
TradingView runs it, so this was a pleasant surprise getting to know the system.
To add, it's pretty sick having the ability to have specific MA's on specific chart timeframes without having to toggle.
A professional feature that WeBull never had.
Is it common for traders to use an alternative system for charting and @IBKR for execution? What's that setup look like?
For having such a strong hold and reputation with professional traders due to best execution via Smart Order Routing (SOR)
IBKR certainly lacks in the charting department.
@WebullGlobal is all I've ever known, and props to them for their desktop (downloadable) UX, but bump that PFOF and slippage.
Is it common for traders to use an alternative system for charting and @IBKR for execution? What's that setup look like?
For having such a strong hold and reputation with professional traders due to best execution via Smart Order Routing (SOR)
IBKR certainly lacks in the charting department.
@WebullGlobal is all I've ever known, and props to them for their desktop (downloadable) UX, but bump that PFOF and slippage.
Profit is a byproduct of discipline.
Mindset switch: "Associate clicking into a trade as a loss" (@ZTheTrader)
A loss that is planned and already accounted for; it should be a pleasant surprise that a trade works out, not an expectation.
#FoolishQuotes#FoolishLesson
INSIDER TRADE OF THE YEAR 🚨
Just 2 trading days ago, we posted a whale bought $6M of $AMD calls (Super Unusual)
Today, OpenAI announced a 10% stake in AMD and those calls are now up 300%
They made $18,000,000 in 2 days...
#FoolishNotes
A) Levels are/were perfect, I planned the PM high on $SPY to be the perfect pullback, I allowed external variables to influence my decision and jumped in early (on the 2m 13EMA pullback.
Ultimately, it pulled all the way back to PM high, wicked aggressively down below that and stopped me out. The candle never closed below though.
B) By entering early I exhausted my tolerance for drawdown, although the candle stretched beyond the PM high, if didn’t close, so I should’ve stayed in but my lack of patience wore me thin on the pullback. Which then took off without me.
C) If I’d of stuck to my planned entry this would’ve been a perfect trade. Get a grip on your patience and it’ll work out.
Pay attention, how you spend your time.
Social media is a goldmine for stock and options traders.
You either nourish your brain or bog it down with junk and instant dopamine.
Choose how to use your time wisely.
Trim the fat from your timeline.
#FoolishLesson
Too good not to share about the proper position size for your trades.
Great luck today 🫳🏼
Jesse Livermore | Number One Rule for Position Sizing 📈 | Trading Psycho... youtu.be/FYNqhicfqS8?si=lMOh… via @YouTube
Here's what it looks like when you try to get it all back in a few swings with a full tank of hopium.
This is your sign: don't be an idiot. Breaking consistency is a slippery slope. Don't be foolish.
I hope you crushed it today.
Banner updated. ✌🏼
It's almost hilarious how badly I snowball once my account hits ATHs. That snowball is now in hell now.
Three days ago, my trading account was at $10,400.
Bad decision after bad decision, and today these puts will expire worthless, leaving me at $2,208.52.
I'm stepping away from social media. It's not helping my journey, only confirming my biases daily.
I'm down bad in more ways than one. Maybe you'll see me later if things improve. If not, consider this fool another statistic.
Hope you killed it today. ✌🏼
It's almost hilarious how badly I snowball once my account hits ATHs. That snowball is now in hell now.
Three days ago, my trading account was at $10,400.
Bad decision after bad decision, and today these puts will expire worthless, leaving me at $2,208.52.
I'm stepping away from social media. It's not helping my journey, only confirming my biases daily.
I'm down bad in more ways than one. Maybe you'll see me later if things improve. If not, consider this fool another statistic.
Hope you killed it today. ✌🏼
Solid week, I didn’t wanna ruin it on a Friday, especially a “Triple Witching Day” so I saw a setup, saw strength, got in and got out.
Break and retests for the W!
I hope y’all killed it!
Banner updated
This day could’ve been 5x with more discipline.
Admittedly, I didn't have all my charts leveled from the day before. On days like these, I tend to lean on Desi and his commentary while I catch up on charting.
The heat coming through his audio today was screaming $PLTR. Although Palantir already made a move, it looked strong over PDH, PM high, and VWAP, for continuation.
T1 (W): $PLTR 175 call:
I entered as Palantir held the 175 level, using the 2m 13EMA as my risk. Realizing how much of a move it had made, I moved up all my stops as PLTR was about to test 176. They all hit shortly after for a solid first trade.
T2 (W): same $PLTR 175 calls:
The market was strong and PLTR was extended, but this one felt like a heater. It was trading a bit sideways now but he 2m 13EMA was catching up so I decided to enter again using that same risk, a few candles later PLTR broke through 176; seeing how extedned we already were, I didn't feel completly comfortable with my size, and I had that slight feeling of greed, so I moved up my stops in profit where they ultimatly hit. All out.
I hope you killed it!
Banner updated
#FoolishNotes
A) Truthfully, I wasn’t prepared with my charts, I had a late start. On such days, I avoid trading until 30 minutes after the bell. Had I been ready, I could’ve used discretion and acted on $PLTR when I saw the build on the 2m 13 EMA and PM high, which broke through VWAP.
Lesson here: be prepared.
B) Following up with A sentiment, despite setting risk, I felt FOMO and acted on it, which is a terrible habit and it’s frustrating.
C) Hindsight: the market is strong, and PLTR benefits. Chart it every session after this breakthrough.