John Dossenbach

retail trader (ES, CL, GC), fitness enthusiast, golfer, former corporate consultant and business optimization leader

[Marci Silfrain @MarciSilfrain]

“In trading, you have to be able to change your mind the way you change your shirt.”
— Paul Tudor Jones

[John Dossenbach @JohnDossenbach]

“For God has not given us a spirit of fear, but of power and of love and of a sound mind.” - 2 Timothy 1:7

[John Dossenbach @JohnDossenbach]

He will conceal you with his wings; you will not fear the terror of the night.

Save us, Lord, while we are awake; protect us while we sleep; that we may keep watch with Christ and rest with him in peace.

[John Dossenbach @JohnDossenbach]

@paxtrader777 One of my favorite verses. I think of it often during the Our Father: Give us this day our daily bread

[John Dossenbach @JohnDossenbach]

Still home! #EstoVit

https://t.co/i0Ra7Pjkwk

[John Dossenbach @JohnDossenbach]

Protect us, Lord, as we stay awake; watch over us as we sleep, that awake, we may keep watch with Christ, and asleep, rest in his peace.

[John Dossenbach @JohnDossenbach]

@paxtrader777 Thanks, Pax. Kind of needed to hear this today

[RIPS @RIPS]

Good Morning and Happy Sunday!

I was up early (as usual) thinking about something this morning:

If you knew deep down that somehow it was all going to work out, how much differently would you live today?

Think about everything you’ve already made it through.

You’ve survived every bad day you thought might break you.

You’ve figured out things you once had no idea how to handle.

You’ve made it through moments when you couldn’t see a way forward.

And somehow, you’re still here.

So maybe the life you want isn’t as far away as it feels right now.

Maybe the uncertainty you’re feeling isn’t a sign that things aren’t working out. Maybe it’s just what the middle of the story feels like when you don’t know the ending yet.

One day you’re going to look back at the nights you couldn’t sleep, the days you were sick with stress, the moments you saw no light at the end of the tunnel, and the times you came dangerously close to giving up.

And you’re going to be so fucking glad you kept going.

Whatever you’re going through right now, don’t let a difficult chapter convince you that you know how the story ends.

You don’t.

Keep going.

[Denise K Shull @DeniseKShull]

32 years ago this month I began to learn short term trading with Electronic Trading Grp across from CBOE in Chicago. My father and grandmother (!) were buy and hold investors. They wouldn't have known how to sell a share of stock in their divident reinvestment programs so this day-trading thing was bizarre.

I was finishing my Master's thesis at UChicago and it /seemed/ as if I'd taken a hard right turn away from the neuroscience behind a psychoanalytic model of the mind (we have an unconscious that has serious effects).

As it turns out, I had not. I just did not know it yet.

Traders subconsciously react to the moves of market price as if they are an important psychological figure from their past. This takes various forms and is like a fingerprint. They look the same to the naked eye but not to the microscope.

I also believed the "take the emotion out of it" cause everyone said it. Fast foward past sitting next to Balyasny at Schonfeld (intraday group momentum) and in 2003 I learned Damasio had shown there is NO SUCH THING AS A DECISION WITHOUT EMOTION.

Then a 2005 meta-anlysis of neuroeconomic research in the Journal of Economic Lit (@CFCamerer one of three authors) wrote "It's not enough to know what should be done, one must also feel it."

If you aren't getting the results you want, the change you need lies in these scientific observations. Focusing on thinking (analysis) alone is a relatively weak tool.

It's not what you think, it's how you feel about what you think.

I promise.

[John Dossenbach @JohnDossenbach]

@paxtrader777 Thanks for sharing the recording, Pax.

[John Dossenbach @JohnDossenbach]

From Lauds this morning…
The child of God can fear no ill,
His chosen dread no foe;
We leave our fate with thee, and wait
Thy bidding when to go.
’Tis not from chance our comfort springs,
Thou art our trust, O King of kings.

[Confessions Of A Market Maker @MarketMakerSins]

The mental side of trading can be just as important as the strategy itself.

Jared Tendler has coached traders and poker professionals in more than 45 countries and is the bestselling author of three books, including The Mental Game of Trading.

Confessions of a Market Maker presents @jaredtendler.

https://t.co/PNamxZafvA

[Blake Morrow @PipCzar]

The goal in trading isn’t to constantly find a new system.

It’s to find what works for you, make it mechanical, and repeat it with discipline.

Over and over again.

I meet so many traders that say " great, I am making money! How do I make more?"

What newer traders tend to do is look for another way/system, a different tweak/spin on current process. And it rarely works.

What works is mechanical consistency. Then apply "size" when you have "conviction."

And when you are wrong, don't "stay wrong." Just get out and preserve capital. Both physical and mental.

This is the way....

[Holy Bible @Holy__Bible1]

𝐻𝑒𝑎𝑣𝑒𝑛𝑙𝑦 𝐹𝑎𝑡ℎ𝑒𝑟, 𝐼 𝑐𝑜𝑚𝑒 𝑡𝑜 𝑌𝑜𝑢 𝑤𝑖𝑡ℎ 𝑚𝑦 𝑎𝑛𝑥𝑖𝑜𝑢𝑠 ℎ𝑒𝑎𝑟𝑡. 𝑌𝑜𝑢 𝑘𝑛𝑜𝑤 𝑒𝑣𝑒𝑟𝑦 𝑤𝑜𝑟𝑟𝑦, 𝑒𝑣𝑒𝑟𝑦 𝑓𝑒𝑎𝑟, 𝑎𝑛𝑑 𝑒𝑣𝑒𝑟𝑦 𝑏𝑢𝑟𝑑𝑒𝑛 𝐼 𝑐𝑎𝑟𝑟𝑦. 𝑃𝑙𝑒𝑎𝑠𝑒 𝑐𝑎𝑙𝑚 𝑚𝑦 𝑚𝑖𝑛𝑑 𝑎𝑛𝑑 𝑔𝑖𝑣𝑒 𝑚𝑒 𝑌𝑜𝑢𝑟 𝑝𝑒𝑎𝑐𝑒 𝑡ℎ𝑎𝑡 𝑖𝑠 𝑔𝑟𝑒𝑎𝑡𝑒𝑟 𝑡ℎ𝑎𝑛 𝑎𝑙𝑙 𝑢𝑛𝑑𝑒𝑟𝑠𝑡𝑎𝑛𝑑𝑖𝑛𝑔. 𝐻𝑒𝑙𝑝 𝑚𝑒 𝑟𝑒𝑙𝑒𝑎𝑠𝑒 𝑡ℎ𝑒 𝑡ℎ𝑖𝑛𝑔𝑠 𝐼 𝑐𝑎𝑛𝑛𝑜𝑡 𝑐𝑜𝑛𝑡𝑟𝑜𝑙 𝑎𝑛𝑑 𝑡𝑟𝑢𝑠𝑡 𝑌𝑜𝑢 𝑤𝑖𝑡ℎ 𝑤ℎ𝑎𝑡 𝑙𝑖𝑒𝑠 𝑎ℎ𝑒𝑎𝑑. 𝑅𝑒𝑝𝑙𝑎𝑐𝑒 𝑚𝑦 𝑓𝑒𝑎𝑟 𝑤𝑖𝑡ℎ 𝑓𝑎𝑖𝑡ℎ, 𝑚𝑦 𝑡𝑒𝑛𝑠𝑖𝑜𝑛 𝑤𝑖𝑡ℎ 𝑟𝑒𝑠𝑡, 𝑎𝑛𝑑 𝑚𝑦 𝑐𝑜𝑛𝑓𝑢𝑠𝑖𝑜𝑛 𝑤𝑖𝑡ℎ 𝑐𝑙𝑎𝑟𝑖𝑡𝑦. 𝐺𝑖𝑣𝑒 𝑚𝑒 𝑠𝑡𝑟𝑒𝑛𝑔𝑡ℎ 𝑓𝑜𝑟 𝑡𝑜𝑑𝑎𝑦 𝑎𝑛𝑑 ℎ𝑜𝑝𝑒 𝑓𝑜𝑟 𝑡𝑜𝑚𝑜𝑟𝑟𝑜𝑤. 𝑅𝑒𝑚𝑖𝑛𝑑 𝑚𝑒 𝑡ℎ𝑎𝑡 𝐼 𝑎𝑚 𝑛𝑒𝑣𝑒𝑟 𝑎𝑙𝑜𝑛𝑒, 𝑡ℎ𝑎𝑡 𝑌𝑜𝑢 𝑎𝑟𝑒 𝑤𝑖𝑡ℎ 𝑚𝑒 𝑖𝑛 𝑒𝑣𝑒𝑟𝑦 𝑚𝑜𝑚𝑒𝑛𝑡, 𝑎𝑛𝑑 𝑡ℎ𝑎𝑡 𝑌𝑜𝑢𝑟 𝑙𝑜𝑣𝑒 𝑖𝑠 𝑠𝑡𝑟𝑜𝑛𝑔𝑒𝑟 𝑡ℎ𝑎𝑛 𝑚𝑦 𝑎𝑛𝑥𝑖𝑒𝑡𝑦. 𝐿𝑒𝑡 𝑌𝑜𝑢𝑟 𝑝𝑟𝑒𝑠𝑒𝑛𝑐𝑒 𝑏𝑟𝑖𝑛𝑔 𝑐𝑜𝑚𝑓𝑜𝑟𝑡 𝑎𝑛𝑑 ℎ𝑒𝑎𝑙𝑖𝑛𝑔 𝑡𝑜 𝑚𝑦 ℎ𝑒𝑎𝑟𝑡. 𝐼𝑛 𝐽𝑒𝑠𝑢𝑠’ 𝑛𝑎𝑚𝑒, 𝐴𝑚𝑒𝑛.

[John Dossenbach @JohnDossenbach]

@paxtrader777 Happy birthday, Pax! Have a great weekend with the family!

[John Dossenbach @JohnDossenbach]

@paxtrader777 Happy birthday, Gabriel!

[Shruti @heyshrutimishra]

Elon just created 4,400 millionaires in a single day.

400 of them are now worth over $100 million.

These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.

Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.

Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."

The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.

Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.