"It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance"
(Lefèvre, *Reminiscences of a Stock Operator*).
Paul Tudor made $100M in one day, Stan Druckenmiller made 1 trade that broke the Bank of England
on one RobinHood stage two $10B+ hedge fund CEOs gave a 30-minute trading masterclass
completely free - two of the greatest traders in history will show you the most important rules of trading
bookmark & watch - this is better than any paid course from fake traders
Taking a profit is often a "damned if you do, damned if you don't" dilemma.
While taking a profit is always better than taking a loss, there are times when taking a profit can create anxiety and outright regret.
Let's say you buy a stock at 50 with a mental target of 100 and maybe the possibility of 150.
Next let's say the stock goes to 100 but you do not take profits.
Next let's say that your trailing stop (if you use these) takes you out of the trade at 80.
Do you then regret not taking profits at 100? Of course you do if you are even part human being.
But what if you would have taken profits at 100 but then the stock kept running? Chances are you would have also regretted the decision to take profits at 100.
You see, taking profits is a damned-if-you-do-damned-if-you-don't business.
I hate regret. I decided many decades ago in my 50 year career that regret is something a trader needs to avoid. Living in a cycle of regret is not healthy for trading will sooner or later come back to bite you.
So I made a decision to create rules and stick by them. Rules created process for me so that my emotions were not led around by my last or current trade.
I take profits at targets when I have a light position on. If I take a heavier position I will then take profits at the initial target on a portion of my trade and hold out for a 2X profit on the other portion.
Do I miss the occasional rocket-ship market by taking profits? Of course. There is no perfect trading plan.
There is an alternative way that from time to time I will employ in a trade. That is using a simple moving average on a partial position so that I adopt a trend following approach on some of the risk I take.
In a trade following approach inevitably the top cannot be picked so some money is given back at the trend change or major correction. But again, there is no perfect model.
My recommendation to new traders is to commit yourself to the path of least regret, whatever that might be.
Someone asked where I bought $twlo
Here is how it was set up last week Thursday coming into Friday.
Remember I talked about a few tools I am building to help draw what I am seeing onto the chat?
Well I am making progress. Here is how they looked on $twlo
Here's the most brutal part of the paper: they took this simple trend following rule and compared it against the biggest and most successful CTAs.
When you subtract out what the trend contributes, the famous alpha of most of those managers goes to zero or turns negative.
HOW TO READ THE TAPE WITH LEVEL 2 DATA
So many traders ask me if reading the tape works and how I do so. This video finally explains!
https://t.co/UD5OjuYzvA
🚀 It's live! Volume Pocket Pivots is published + the video is out.
Read the volume footprint of a base — pocket pivots, accumulation, distribution & the dry-ups that mark a move.
📊 https://t.co/jVzyApaxfo
Watch detailed walk through here!
📺 https://t.co/nEag7YJsKn
China is moving unbelievably fast with humanoid robots. These machines are already being trained to do real human tasks in everyday life.
We’re still years away from 2030, yet the future already looks like science fiction.
Exciting or terrifying — it won’t stop what’s coming next.
📈Chat With Ariel & Nick on MarketPulse
I had the pleasure of an impromptu chat with @RealSimpleAriel and @NickDrendel in THE best Discord channel Marketpulse (linked below).
Stream: https://t.co/fXzQDrHrqx
Marketpulse Link 👉 https://t.co/1UOK2zafke
Apologies in advance for my audio quality (poor headset choice). Ariel and Nick were too gracious to say anything! 💙
Investors consistently sell their diversifiers at exactly the wrong moment. It’s not because they’re dumb. It’s because they’re human. You can’t out-spreadsheet a few million years of evolutionary wiring that says “do more of the thing that gives you the pellet, less of the thing that doesn’t.”
I have no clue what happens w $CRCL from here but let me tell you a story . . .
On 4/2 everyone was bearish AF and I remember I felt like I was chasing my first buy on $NBIS at $104.27 but I remember saying this just faced ripped thru $100 on an near OEL candle and won’t rest intraday and I bought bc often the most uncomfortable buys are the best. I’m now up 117% off this buy.
I got chopped up on CRCL lately but this looked nearly identical to NBIS on 4/2 today down to the exact entry within .08c of my NBIS buy that day. It gapped down, made a higher low, U&R’d $100 and reclaimed key ema’s.
No clue what happens from here but I took the spot. I didn’t contemplate, evaluate, etc. I took the spot bc price was speaking.
You don’t have to catch the open to trade range expansion effectively. It is perfectly fine to let the first 15 or 30 minutes close, define that opening range, and then trade the break of that range. Qullamaggie did this with the opening 1, 5, and 30 min bar. Felipe waits until the end of the day. What little bit you may give up in entry precision, you gain a lot in accuracy and confirmation. Instead of reacting to the early opening noise, you are letting the stock show whether there is real demand, real follow-through, and enough strength to justify the trade.
5/26/2026 Daily Recap: A memorable rally!
- $MU finishes up 20% today all while crossing the 1 trillion market cap! $SNDK $WDC $STX also all into new all time closing highs!
- $AMD up nearly 8% into that $500 level and not too far away from also joining the 1T club
- Coal names woke up today with a few other industrial metals. $AMR $HCC. Steel $ATI $STLD $NUE. Copper $HBM $ERO $SCCO $FCX
- $DELL into earnings continues to act incredible.
- $CRWD $PANW $FTNT $DDOG continue their frozen rope move. $ZS throws some water on the move down nearly 20% on its own earnings.
- Rare earth names waking up again. $USAR $CRML $MP
- Electrical equipment names continue to act like a leading group. $TE $AMPX $BLPD $POWL $NVT
- Solar unbelievable these past few days. $SEDG $ENPH $FSLR $TAN.
- $XLK once again getting very stretched here but it's hard to make a bear case when COT and NAAIM don't paint a picture of market crowdedness.
- We seem to be brushing off the deal/no deal stories with Iran.
- Market is doing a great job with breadth expansion as show by $QQQE $RSP.
- If you have leaders LET THEM WORK.
- There is something to be said about cutting losers quickly. But it's a big detriment to your own trading when you start cutting winners quickly!
Totally copying this.
This is why @X is such a valuable place for your mind to live in because you have the smartest and most curious people in the world sharing value.