Casey T.

[Casey T. @Caseytoland_]

@PradeepBonde I’d love your input on this because I’m struggling to get on board with this connection:

I can find 1,000 examples of any random pattern “working”—just because I can cherry-pick examples, that doesn’t equate to it having edge.

[Casey T. @Caseytoland_]

@BrianLeeTrades How do you ever confirm you actually have an edge?

Backtests look promising, but given the seemingly infinite variables at play at any given time, the results continue to seem random, making it difficult to build conviction.

[Casey T. @Caseytoland_]

@wideawake_media @grok is this true?

[Casey T. @Caseytoland_]

@RichardMoglen It seems like more often than not you’re forced to choose between a leader in a lagging sector or a laggard in a leading sector.

What considerations do you make for these types of stocks to determine if they are worthy of opening a position in?

[Casey T. @Caseytoland_]

@StockDaddy3 I’ve tried countless times to go to just one platform but I keep reverting back to TC2000 for their custom formula scanning and TV for their their UI and Pinescript (custom indicators and strategy building/testing).

[Casey T. @Caseytoland_]

@TheShortBear The concept is good, but his example is pretty flawed, right? He magically adds an additional stand each year without taking on any additional liability, investing more capital and/or issuing more stock.

[Casey T. @Caseytoland_]

@ShortDaPos Would love to see more of these real-time trade plan posts. So helpful. Thank you.

[Casey T. @Caseytoland_]

@PaulStifler3 You are one of my favorite follows. It’s difficult to find traders that go so in-depth in the topics that few even speak about. You keep it real and don’t sugarcoat things. I’ve saved more of your posts in the last few months than from everyone in the last few years. Thank you.

[Casey T. @Caseytoland_]

@PaulStifler3 Doing the same thing right now so I’m looking forward to your posts.

My first trade tightening up the stops gapped down the next day and hit me for 1.7R. Could have been worse, but the gap downs have always been my biggest concern and it was so timely haha

[Casey T. @Caseytoland_]

@TaPlot Can you elaborate on why you consider this a pullback long opportunity as opposed to a false breakout short?

[Casey T. @Caseytoland_]

@PaulStifler3 You’ve quickly become one of my favorite follows. Thank you for taking the time to write such helpful, unique posts and not just regurgitating the same generic crap like so many others.

[Casey T. @Caseytoland_]

@ShortDaPos I’d love to check it out. Been thinking about the test drive, but would love to test drive the test drive, to get me through the chatroom bouncing burnout.

[Casey T. @Caseytoland_]

@eschunk8 Transparency 👌🏿

[Casey T. @Caseytoland_]

@val_trifonov @KrisVerma88 Kelly stake is not the same thing as capital stake. It’s a percentage of a percentage. For example, after calculating Kelly formula in your system, you might get an output of 10% risk. Kelly Criterion is known for being very aggressive, so people tend to use a fraction of it.

[Casey T. @Caseytoland_]

@JinChun73001226 Really inspiring, congratulations! I've got a question for you:

If you were to start over from scratch today, what are the resources you would utilize to get to where you are currently?

[Casey T. @Caseytoland_]

LAZR - Full Trade Analysis

[Casey T. @Caseytoland_]

Which one of these charts look like:

1. the one that your strategy was built upon?
2. the one your backtest data was collected from?
3. it has more predictable tendancies?

Linearity (as @PradeepBonde calls it) may be the most important criteria of the stock selection process.

[Casey T. @Caseytoland_]

Hopefully this helps someone who is tired of hearing "go study". It's hard to know where to start or what to do because there are so many factors. Perhaps taking a step back will clear up what it is that you could work on.

Cheers.

18/18

[Casey T. @Caseytoland_]

First trade back after a long development week.

Didn't trade last week so I could really focus on areas I could improve. Routine stayed the same but instead of actually placing the trades, I wrote down any inefficiencies I came across so I could eliminate/improve upon them.

1/

[Casey T. @Caseytoland_]

Perspective - It took me a while to convince myself that it was okay to not trade for a week. It's really easy to interpret that as a loss of capital/experience/etc., but the improvements that I've made over the last week will greatly outweigh 1 week of "missed" trades.

17/