Lean a @BillAckman para entender de qué va lo del trillón de Elon.
Ya se que el zurdo de tu localidad dice q no es justo, q la avaricia, q su dinero podría resolver el hambre del mundo, etc, pero entiende bien lo q dice Bill para q no repitas las burradas q expone la envidia y el resentimiento generado por la incompetencia del de izquierda. Y si, si te repugna q alguien como Elon “valga tanto” (porque es net worth, no es cash), chequea tu vena socialista.
La libertad, la seguridad jurídica, el estado de derecho (respeto a la propiedad privada) y los incentivos impulsan creatividad e innovación. Así es como avanza la civilización. No quitándole más al q sabe generar riqueza y progreso para q los gobiernos corruptos, incapaces e ineficientes administren y “repartan” más dinero recaudado.
El tema no es de tener mas dinero taxando más. Es ser más eficiente para brindar las condiciones necesarias para q se cree mas riqueza y oportunidades para salir de la pobreza.
Si te da rabia q Elon no haga con su dinero lo q tú harías con SU dinero, ¿que tal si tú haces dinero creando valor y aportando a la sociedad, y el dinero q produzcas con tu trabajo, asumiendo riesgo y liderando cambios, lo regalas como a ti te plazca? Claro q este ejemplo es utópico, pues jamás alguien q le dé rabia esto tiene idea de innovar y aportar a la sociedad, mas q el político populista de turno q proclama injusticia social cuando jamás ha generado valor real sin q sean ideas d políticas públicas fondeadas con dinero ajeno. Al final esa siempre será su “contribución” a la sociedad
Pero en serio, lee a Bill Ackman q lo explica mucho mejor de lo q yo podría explicarlo
"Thoughts on frameworks for DLL, daily profit targets, and give back rules?"
This single question covers the absolute core of longevity in this business. In this video, we dive deep into the mechanics of professional risk management, explaining why daily profit targets often lead to destructive behavior, how to structure your daily loss limits, and how a give-back rule protects your psychology during massive days.
If you want to manage risk like a true professional portfolio manager, you need to hear this breakdown.
@merrittblack@NTLiveMedia
https://t.co/5T8JkkFpEv
Closing out the month cleanly means shifting your focus from the absolute P&L to a serious, objective look at your execution.
This weekend is the perfect checkpoint to step back from the emotional noise of the daily grind and evaluate the goals you set at the start of May.
Look directly at your tracking with a clear mind: Which habits did you actually maintain, where did you break discipline, and what exactly drove those outcomes?
True professional growth doesn’t come from obsessing over a drawdown or celebrating a winning streak; it comes from documenting the reality of your performance, accepting the mistakes with absolute accountability, and using that data to build a stronger foundation.
Use the next couple of days to set a strategic framework for June with your feet firmly on the ground. This isn't about chasing wild, unrealistic targets; it’s about mapping out clear, reachable goals that keep you disciplined at your critical areas.
When you ground your confidence in a repeatable process rather than a raw number, you can step up to the screen on Monday morning with genuine trust in your framework.
Head into June with a completely fresh start, respect your risk boundaries, and let the execution speak for itself.
Have a great weekend and get ready for a successful month ahead!
The fastest way to ruin a promising trading career is treating every single session like a mandatory battle.
A robust process is built on selectivity, knowing your precise areas of interest and allowing the market to prove itself before you risk a single dollar. Waiting for confirmation at major distribution edges isn't missing the move; it is the most responsible way to manage risk.
This business is a marathon, and giving yourself the time to understand this rhythm is a critical part of your development. The market will always provide massive, high-probability opportunities over time, but only to those who have the composure to stay hands-off when nothing is lined up.
Stop over-managing the quiet sessions, respect your plan, and remember that protecting your capital today is what funds your execution tomorrow.
https://t.co/5T8JkkFXu3
The most useful research you will ever do is on yourself.
"Study yourself and the personal factors that are associated with your best trading. Study your best trades and how you make money. Study your worst trades and the factors that hurt your trading."
-- Brett Steenbarger, @steenbab
Professional execution isn’t defined solely by the decisions made during the heat of the session; it’s built on the work done outside the active execution window. True consistency is forged in the "off-chart" hours, the deep analytical prep that serves as your ultimate stabilizer.
This commitment to the process is what allows a trader to maintain total objectivity, regardless of whether they are coming off a winning streak or a series of losses.
When you are grounded in a narrative built through rigorous preparation, your last trade no longer dictates your next move. You stop reacting to the P&L and start navigating the auction with confidence.
If your process is solid outside the charts, your emotions won't stand a chance during the session.
@merrittblack@NTLiveMedia
https://t.co/5T8JkkFpEv
Hemos recopilado las preguntas que más nos están haciendo los traders via email y las respondemos en profundidad en este video:
https://t.co/2j06AWdRKN
The trader’s job is not to wait for perfect certainty.
It’s to make good decisions with imperfect information.
Because once everything looks obvious, the risk-reward usually isn’t what it was.
The edge is in acting on valid signals before the market becomes comfortable for everyone else.
"I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime." ― Jim Rogers
I used to have a lot of sticky notes all over my monitor too.
The problem I once thought was so difficult to solve in order to maintain consistency now feels so distant that I almost wonder why I could not solve it back then.
I have said here many times that “emotional control is unnecessary” and that “the emotional problem itself disappears in the first place.”
I have also written about the path to that outcome many times.
I have received many objections saying, “That is impossible for human beings,” but it is not impossible.
It is not that it is impossible for human beings.
It is simply “impossible for you because you believe it is impossible,” and I am not speaking to those people.
Do not make absolute judgments about what is possible based only on your own experience of not having solved that problem yet.
Some people are afraid of flying, while others get on a plane with no fear at all.
The absence of fear is a matter of belief and thought process.
It is not that those people became robots.
The emotional problem in trading is resolved through exactly the same principle.
Of course, I am not saying it can be done easily.
Nor am I saying that simply knowing the data is enough.
I have written that many times as well.
Trading is not easy.
But that is not unique to trading.
That is simply what it means to become a professional.
Some people have argued back by saying, “That is not realistic.”
If trading success could be achieved by doing only “realistic things,” then everyone would already be successful.
In every field, professionals have abilities that most people would consider unrealistic.
If you have truly decided to do this, then commit to it completely.
Do not run from the preparation.
That is why I keep showing here what must be done and what the essence is.
Variance is a constant in this business and it is also the cost of doing business, but excellence is a choice.
Every professional trader experiences periods of underperformance. The difference between the amateur and the pro isn't the absence of red, it's the relentless discipline to adhere to your methodology when the environment is tough.
The market doesn't owe you a green month, but you owe it to your career to show up with maximum intent every single day. Get your head in the game, own your process, and put in the work.
Let’s have a productive week. Time to get to work.
Most people keep staring at the chart, waiting in anxiety, tension, and urgency.
While I wait, I do other things, and sometimes I even forget that I am waiting.
Calmness is not a personality trait.
It comes down to how you understand trading, how you prepare for it, and how you separate responsibility within trading.
Your job is not to win the trade in front of you.
You are a scenario execution machine.
Relax.
“Being out of form” is just variance.
Nothing is wrong.
There is no such thing as “being off” in a probabilistic world.
You just do not like the order in which the results are appearing.
Order is noise.
Edge resides in structure and sample size.
If you are continuing to act consistently, then “you are doing well.”
Another week of building the foundation.
In this business, every session is a data point. We're closing out the week by reviewing our setups and refining our decision-making. That's how we turn today's experience into next week's consistency.
Remember: we’re playing for the long run, not for a single session.
Time to prepare for another round on Monday. Have a great weekend!
Traits of a skilled trader
・They do not spend their time posting hostile comments on social media
・They do not brag about the amount of money made on winning trades
・They prepare thoroughly in advance
・They have probabilistic thinking and think from a long term perspective
・They understand, without the slightest doubt, the randomness of short term results
・They do not deviate from their rules even during losing streaks or drawdowns
・Through deep understanding and the transformation of belief that comes from conviction, it has become impossible for them to deviate from their rules
・They do not say that the system has stopped working
・They do not treat live trading as a place for retesting, but as a place for execution
・Their thought process has transformed to the point that emotions requiring control no longer arise, so emotional control is no longer necessary
・They do not spend their time posting hostile comments on social media
I wrote the important point twice 😝