CoreTrader 🇵🇸

Father. Engineer. Risk Manager. || 1% better everyday. Disclaimer : My post is not buy or sell signals

[CoreTrader 🇵🇸 @CoreTrad3r]

$SPY $QQQ big candle in the market, I marked where its gonna go in a few days; breach red going down, reclaimed green line is bullish, the main is stocks participation whether to the downside or upside.

Look at $VIXY, volatility is increasing, day trade mode

Keep scanning. Im ready both side.

Key is to protect whatever you have at the moment.

[CoreTrader 🇵🇸 @CoreTrad3r]

bitcoin:native likely speculative money will be back soon with crypto put a double bottom

Also $BULL what an Undercut and Rally

[CoreTrader 🇵🇸 @CoreTrad3r]

Cant be bearish when AI infrastructure is at all time high

[Scot1and 🍀💵 @Scot1andT]

I hear there was a pull back this past week. -- a lot ot talk about how "cash is a position" you know what else is a position? $CRDO at an ATH

[CoreTrader 🇵🇸 @CoreTrad3r]

Chart update:

What a trap for bear, $QQQ back above 5ema with volumes too. Need follow through

And gapped up even better

[CoreTrader 🇵🇸 @CoreTrad3r]

$SPY $QQQ big candle in the market, I marked where its gonna go in a few days; breach red going down, reclaimed green line is bullish, the main is stocks participation whether to the downside or upside.

Look at $VIXY, volatility is increasing, day trade mode

Keep scanning. Im ready both side.

Key is to protect whatever you have at the moment.

[CoreTrader 🇵🇸 @CoreTrad3r]

Chart update; very bearish territory and the thrust is downward

50sma is the next bull support

$QQQ

[CoreTrader 🇵🇸 @CoreTrad3r]

Face rip buddy lucky wasnt stubborn, good to know we are so back.

[CoreTrader 🇵🇸 @CoreTrad3r]

Thus i went for triple etf fast decay $SNDK $SNXX

[CoreTrader 🇵🇸 @CoreTrad3r]

Bought few stocks already

Why $DXYZ not going up instead of $SPCE 😭

[CoreTrader 🇵🇸 @CoreTrad3r]

$QQQ market future gapping up, can it reclaimed previous support or it just another breakdown and retest?

USD index also about to breakout, only stocks participations will prove..

Is this theoritcally true?
Sell stocks -> Move into cash -> Buy USD/Treasuries

[CoreTrader 🇵🇸 @CoreTrad3r]

$UEC landing to the wrong moon.

Going through to the gainers and losers, market still in outflow overall. Need some catalyst to lift them up.

Lack of follow through, $qqq still below 5ema daily, geopolitical instability, etc.

[CoreTrader 🇵🇸 @CoreTrad3r]

But this? It is a despair.

Nonetheless, 200sma n 50sma is around the corner. Bulls need to hold those lines.

Otherwise how AI going to be powered by solar panels and renewable energy.

$ENPH

[CoreTrader 🇵🇸 @CoreTrad3r]

This setup was the hope for bull

$ENPH

[hrdk @hrdktwt]

Someone on Reddit built a game where you ride a dirt bike on top of any company's stock chart.

[Kristjan Kullamägi 🇺🇦 @Qullamaggie]

I'm in the new Market Wizards book!
This book series was a huge inspiration and motivation when I first read them in 2011 when I was struggling and being included myself is a massive honor, thanks to @jackschwager and @gfc4!

I'm also very lucky that I found two trading communities early in my journey @PradeepBonde and @IUTraders that in hindsight turned out to be Market Wizard factories!

[CoreTrader 🇵🇸 @CoreTrad3r]

@GUS_player_C Legend chen 27k to 127k in a day..no one did this live so far except u

[Bracco ⚡️ @Braczyy]

Some thoughts and little story time!

$QQQ two unfilled gaps off the highs and clean intraday short setups following through a classic sign that the tape has shifted

The price action reminds me of the blow off in July of 2024. Had huge euphoric extensions in the top semis and the Nasdaq ended up correcting -15% in just a few weeks

Never underestimate how quickly the market can move lower after structure is broken. I remember everyone trying to buy the lows the whole way down in July '24 in fear of missing the next big move higher. At the time nobody had thought the market would correct that much, that fast, but it did.

Even though the short-term trend has flipped, don't get married to the short side. I shorted the July 2024 correction to perfection, with leverage as well. Caught the entire move down and went on a personal record breaking run. Not only were the speed and size of the gains so intoxicating, but capitalizing on the huge downside move while everyone else was offsides left me feeling invincible.

After the market capitulated in August and turned back up I continued to look for re-shorts the entire way up, searching for that next big down move again to send my equity to new highs. Before I knew it I have all my profits back and then some... I also missed all the opportunities to the long side that followed in Q4 that year because of drawdown. I was demoralized.

Only bring this up because the structure of this downside turn so far reminds me alot of the July 2024 cycle. Moral of the story, never get too comfortable to the short side, especially with leverage. You make your profits incredibly fast and feel very smart, and that feeling is the single most dangerous state a speculator can be in!!!

As PTJ famously said, the second you start to think you are very good, you are dead...

[CoreTrader 🇵🇸 @CoreTrad3r]

$LITE also losing its 50sma daily/10EMA weekly

[CoreTrader 🇵🇸 @CoreTrad3r]

$GLD

Panican its coming

[CoreTrader 🇵🇸 @CoreTrad3r]

$GLD ethereum:0x2103e845c5e135493bb6c2a4f0b8651956ea8682

Alerting my wife to get greedy and buy gold in a few weeks, 4000 level

[CoreTrader 🇵🇸 @CoreTrad3r]

Oh man, wife is happy to add more gold into inventory

[Ted Zhang @TedHZhang]

You would think Gold is a flight to safety right?

No, not when it is about inflation and higher rates.

Higher rates = slower economy = bad for commodities

[CoreTrader 🇵🇸 @CoreTrad3r]

What happen to the market

This is brutal

Only pos short $SNXX

[Shake Pryzby @ShakePryzby1]

This 1 minute Dan Zanger clip changed my life when I fully HEARD its power.

"Biggest lesson was to not be in the market all the time and to trade far less than I do."

"Market may have two big moves during the year. They may last 6, 8, 10, 12 weeks... other than that they just exhaust themselves."

"Just trade out then go golf, swimming, go to cash, just have fun and enjoy and wait for everything to set up and do it again."

You ever see White Men Can't Jump?

When Woody Harrelson puts on Jimi Hendrix and Wesley Snipes says, "No no no. There's a difference between HEARING and LISTENING. White people can't HEAR Jimi, yall just LISTEN."

I have found that most traders LISTEN to Zanger but they don't HEAR him.

There is nothing more difficult than changing your day to day market behavior on a dime after months of activity giving you overtly positive feedback.

With today's follow through selling, it's clear the environment has drastically changed in a week's time.

I constantly work on my mental state and the goal is to never have PnL effect your life outside trading. Unfortunately, I am a simple Neanderthal and I am happy when I win and angry when I lose. So I tirelessly work on myself to understand when I win and how to avoid losing.

So I push push push risk when I'm hot and have unbelievable market feedback and traction. Then I completely stop when that changes.

I can only do this, because I have NOT done it so many times in my career and the emotional pitfalls of giving so much PnL back FORCED me to change the behavior.