PA Trader | Basically my journal | Live streams weekly
Joined August 2013
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Live trading (test) x.com/i/broadcasts/1qGvvvRvd…
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The best traders today are leaning more discretionary than systematic.
Pure systematic edges hit a ceiling. The real outliers combine rules with judgment, adaptability, market feel, and razor-sharp risk management.
In the brand new Market Wizards: The Next Generation, Jack Schwager & George Coyle highlight that the top performers with the most spectacular returns are almost all discretionary traders.
Was discussing this exact topic below with @rachit why manual execution and discretionary judgment have become the real core edge in today’s markets.
Manual execution is your edge over the hedge funds.
Trizzy on why retail traders actually have an edge over hedge funds in this market
"TA has never changed, the same profitable strategy still works to this day. But to be profitable in this market, you can't trade automatic. You're not trading entry, stop, TP anymore using that RR tool and actually making money. It's so rare to have an edge trading like that now"
"The hedge funds and prop firms that came in, they can't use manual execution, they're in positions too large to exit right away. So you have an advantage, you can exit whenever you want. A winning trade is a winning trade, sometimes I'll take 1K points off a fast move. You now have to actually understand what the price action means in the moment"
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Just bought a 200k Eval.
Lets get this @breakoutprop
All trades will be posted in @salooninc
Will update the balance here
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Full disclosure this account was breached today. I had longs running and didn’t end up getting invalidated on my main account but did here
PA was way too quick to cut this where I wanted as well to manually cut
I need to go over more how to use these accounts more effectively with how I trade because right now I’m net negative by using it (not by much)
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"If you have a main account under 10K, you probably should just get a job."
Trizzy on why most traders don't have enough money to even let themselves win
"I don't think props should be used as your main account, a lot of people get that wrong. I'm using props to tag on risk to my main accounts. Most people trade with not enough money to even let themselves win"
"When I first started with a 1-2K account you just end up rinsing it, you're not even giving yourself a chance to win. If you're risking 20-30% a trade, even if you're the best trader in the world, you're not giving yourself a chance. You need a good amount of capital to make money"
Jun 2
New Episode w @ImTrizzy
We discuss:
- Pure price action trading
- Bear market comparisons
- Positioning for the summer
And much more!
0:53 - Trizzy's intro to trading
1:28 - Adapting to new market conditions
3:55 - Progression as a trader
4:43 - Bitcoin volatility and the last 6 months PA
10:05 - Predicting the market meltdown in January
11:43 - Trizzy's trading style
15:34 - Price action is never random
18:15 - Less is more during the summer time
20:00 - Use prop trading to your advantage
22:34 - Dealing with big losses
24:42 - How Trizzy finds winning setups
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