Nuwanda

Low-skilled Equity Trader, Poker NLH lover,
Placing +EV bets in trading and in life.

'Eat what you kill'

[Nuwanda @Le_Chiffre03]

@pedma7 In Italy it’s about 2% for your property home ad primary residence, while 9% for the other ones. Beside that, in Italy, we need to account a 9-13% transaction fee for a first home purchase (taxes, agency, legals ecc.) without even taking in consideration renovations. Damn

[Nuwanda @Le_Chiffre03]

@Valckrie Yeah, I get it. Thank you for the response, keep posting pls. I feel I’m learning a lot following you:)

[Nuwanda @Le_Chiffre03]

@Bee_eeezy Yeah

[Nuwanda @Le_Chiffre03]

@pedma7 A few years back, I read “il libro dell’inquetudine” (don’t know the translation in Portoguese) by Fernando Pessoa. Love it, it stuck with me for months.
Highly recommended if you like introspection book or similar

[Nuwanda @Le_Chiffre03]

@bear_diligent Honestly, your content is more insightful than that of many popular traders out there. I’ve picked up a lot from your posts—hoping I can achieve similar results down the line! Congrats Btw

[Nuwanda @Le_Chiffre03]

@ifyxxi I'm glad that you are back. Thanks for the value you gave (posting your P&L), I will be on discord for sure:)

[Nuwanda @Le_Chiffre03]

@ravi48587386 I've been following you since January, congrats! Huge inspiration :)
Please, continue to keep updates, if you are comfortable with that.

[Nuwanda @Le_Chiffre03]

@aRobotNamedSnax Interesting, thanks:)

[Nuwanda @Le_Chiffre03]

@SmallCapSmarts I'm Italian and I think Amalfi coast is wonderful as well. But if you want a fabulous and multicolored places with few tourists, you should visit Sardinia. Underrated by foreigners, quite cheap too in June or in September. Cheers ;)

[Nuwanda @Le_Chiffre03]

@TheShortBear @jayhawk_73 I suggest you to visit Torino, my town. You can visit it pretty fast (1-3 days), but it's worth it.

[Nuwanda @Le_Chiffre03]

@InHumility I need it

[Nuwanda @Le_Chiffre03]

@ifyxxi @tradersync Congrats!

[Lone Stock Trader @LoneStockTrader]

Reminiscences of a Stock Operator not only is one the greatest #trading books out there, but also always find some gems that pertains to the current market conditions: 👇📝

“There were times when a man could no more help making money than he could help getting wet if he went out in a rainstorm without an umbrella. It was the most clearly defined bull market we ever had.
[…]
I was as bullish as the next man, but of course I kept my eyes open. I knew, as everybody did, that there must be an end, and I was on the watch for warning signals. I wasn’t particularly interested in guessing from which quarter the tip would come and so I didn’t stare at just one spot. I was not, and I never have felt that I was, wedded indissolubly to one or the other side of the market. That a bull market has added to my bank account or a bear market has been particularly generous I do not consider sufficient reason for sticking to the bull or the bear side after I receive the get-out warning. A man does not swear eternal allegiance to either the bull or the bear side. His concern lies with being right.
[…]
And there is another thing to remember, and that is that a market does not culminate in one grand blaze of glory. Neither does it end with a sudden reversal of form. A market can and does often cease to be a bull market long before prices generally begin to break. My long expected warning came to me when I noticed that, one after another, those stocks which had been the leaders of the market reacted several points from the top and – for the first time in many months – did not come back.
[…]
It was simple enough. In a bull market the trend of prices, of course, is decidedly and definitely upward. Therefore whenever a stock goes against the general trend you are justified in assuming that there is something wrong with that particular stock. It is enough for the experienced trader to perceive that something is wrong. He must not expect the tape to become a lecturer. His job is to listen for it to say “Get out!” and not wait for it to submit a legal brief for approval.”

[Nuwanda @Le_Chiffre03]

@GoshawkTrades Thanks for sharing, Love your posts.

Forgive my stubbornness: probably you are referring to "pure" arbitrage in the example. As I recall, Statistical Arbitrage is very similar to the "pairs trading" you mentioned before.

[🕊️ @lichthauch]

Life's brutal. Use that. Let the injustice fuel your fire, not extinguish it.

[Nuwanda @Le_Chiffre03]

@InHumility You deserve much more followers than you actually have.

[EternaLEnVy @EternaLEnVy1991]

Making Real Money in Trading the TOP 2%

Disclaimer: I am not some top trader dude but I don't like waiting to speak up. It's easy to talk when your up. I'll say what I see as one side of the truth that isn't being brought up and I like to do it sooner rather than later.

Being in this trading community for more than half a year now, there are some things that just don't resonate with me. I'm ready to start some shit. Clout chasing traders keep telling me that one day I'll fall in line but with each day makes me more convicted to stray further. After talking to some struggling traders I decided to write this article. I am not only doing this for the traders will who eventually succeed but ESP for the other 95% who will not:

Teachings I DISAGREE with in the trading community: Starting with the one thing traders don't want to hear the most!

1. Doesn't matter if you take 7 years and blew up 5 times! As long as you stay in the game you've never truly lost!

Ya I would tell you that too if you paid me $600-2000 dollars a year too. Don't quit bro, keep paying me my salary. The reality is that there is incentive to keep trash traders in the game. More retail traders = more edge for good traders. This shit is a fortnite game we all in this battle royale together. Noobs pros it don't matter, we don't discriminate. This shit ain't a zero sum game its a negative sum game (fees, tools, courses).

My ultimate goal as a trader is to make enough that GURU money doesn't make sense for me. I can't imagine the vast majority of my students being arrogant stupid lazy fucks and I have to lie to them or hide what I truly think about them to get paid. I'd tell them they trash so fast no way Id ever succeed as a guru. The reality is that 95% of traders are gonna lose money and 97% aren't gonna make good money. Your fighting to be AT LEAST in the top 2%.

My cousin made 20M trading Crypto gave a few M back and quit trading because he knew he wasn't good enough. Smart guy. Lots of other traders did great in crypto then gave it ALL back after 2021. My Caltech PHD graduate quant trader friend was making a few hundred K trading. He quit trading bcuz he wasn't good enough, now he's a 9 figure dude doing something else.

There's nothing fucking wrong with questioning and diving into whether or not this is for you. Its absolutely psycho to suggest otherwise. TheShortBear took 7 years! ADF blew up 5 times! It's ok to fail! Never give up! haha! These excuses only apply if we go back to prehistoric times and your also 14 (TheShortBear) or your trading while juggling school, a full time job, and a kid, a pioneer, and hes also like ~18 (ADF). Completely different times and your situation may be completely different. How long it takes you will depend on your level of commitment (are u in school, do you have a job, blah), and where you are in life (your age, if you've found your competitive spirit).

Its almost 2024 and there's starting to be as much good content out there as there is shit! There's no excuse to blow up endlessly nor the excuse to take infinite years.

There is a HUGE correlation that high performers in one field will do better in trading. Those same nerds who were obsessed with As and studied all day and became doctors/engineers/lawyers, the degens who were obsessed with their ranks and became top 0.2% of gaming ya you bet they got a way better shot than the ones who haven't pushed themselves in any field. Anyone who has pushed themselves really fucking hard at being great at something competitive have higher stress tolerance, are more used to failure (not first place is FAIL, not 90%+ grade is FAIL), have higher standards for themselves in what they take seriously, and understand the ridiculous time commitment. I believe that to succeed without having this trait is incredibly unlikely. You would either have to be fortunate enough to find a top mentor who is willing to spoon feed you or go through drastic changes in how you obsess over trading.

There exists quant traders who join top firms can be profitable within the first month. My mentor was profitable day 1 because he was trading w/ a veteran from the start. Made million+ no real drawdowns for 3 years. It should be to no surprise that the fastest way to grow is to find people better than you to teach you. This requires putting yourself out there and having a keen eye for who is legit versus not. You will also need to be able to logically dissect what is bullshit versus truth since what you will be taught will never be 100% correct.

Now are most eventual successful retail traders realistically going to be consistently profitable as quickly? Absolutely not. But I'm going to share the other untold side of the truth, the side that ain't fluffy and warm but makes you feel unlucky and angry. Telling yourself that its only been 3 years and that you've got infinite time is exactly why your never going to win. You should be FURIOUS that it isn't NOW. Imagine your favorite sports team losing in the play offs and saying ITS OK WE GOT 5 MORE YEARS. WTF!?

Personally if I don't succeed within 1-2 years I'm fucking out. I'll live with the shame for life that I failed this endeavor and that's fucking reality. I'm an old ass 32 year old who has pushed himself at 80-90% capacity to be the best for over a decade and a half in school and games (top 1% and top 0.1-0.0001%+ respectively). I'm doing this full time and dedicating on average 11+ hours a day. I live and breath day trading unless someone close to me requires my time holidays/family/dog/gf/friends. I'm fortunate enough to be part of two pods with good traders. If with all this I still cant succeed in this time frame then this ain't for me.

I absolutely do not resonate with this "your working too hard," "go easy on yourself," "you've got time" mentality. I don't see how any of that benefits me. If I had a button that makes me angry I would press it everyday to work faster. I would press it every time I've won big for the day and want to relax EOD. I don't understand why people tell themselves things that slow them down. Instead of things that light a fire in them. Traders tell me that I've made tremendous growth in the last half year but I still feel frustrated, and angry every single day (and there's nothing wrong with that). I see endless potential everyday that I am missing, repeated mistakes, time wasting, and all sorts of fucking problems. It's like I'm fucking mentally retarded. I don't want to fucking FEEL better. I WANT TO BE BETTER.

Actionable Step: If you've been losing for years you really got to question whether you got it in you. Perhaps you can't because you've never ever given it your all so you always have an excuse that you'll go harder this year. No More Excuses.

2. Focusing on one strategy:

If your a losing noob trader how can you even tell what is a good strategy versus what is a bad one? IC a lot of traders picking some really fucking difficult popular strategies like D1 gappers to focus on and nothing else. They try to refine it by having multiple entries, high R:R (tighter stops), pyramiding and just get destroyed in the price action. They make an incredibly hard setup even harder and you get chopped out. Meanwhile there are people who when presented w/ the right setup, literally just short the open with a stop and cover EOD and make insane money (now you feel like a clown). You can have bad R:R if you drastically increase WR. You can have wide ass stops, arbitrary stop locations (so you stop covering on resistance, where you should be shorting). Would this be the most optimal way to play the setup? Of course not. But why would you aim to be optimal from the very start as a negative trader? Your goal should to be to just find consistency.

Everyday traders are complaining about how everything's rigged, how they are just unlucky and there's nothing they can do. Absolutely ridiculous. If you choose to only trade one of the more difficult and crowded single edges you cant then just say its the worlds fault when that one edge isn't having a good time or showing up on your scanner. Working hard in trading isn't waking up at 9:30 AM then saying opps there's no setup, unlucky, and then going afk.

I also think its bullshit when people say they don't have time and are just "focusing" on one edge. I find it hard to believe they can spend 12 hours a day on D1 gappers day in and day out and lose for 3 years and not run out of ideas.

There is a ridiculously high number of opportunities every single day in small caps. I just started trading and even I can see the endless possibilities in shorting small caps. I personally have 13 tabs for my setups on excel. You absolutely don't need this much but my point is that you should fucking explore and not justify WORKING LESS. WORK MORE. What if you spread yourself thin? Then dial it back? It's real fucking easy to convince yourself to work less. You got to fight it. There is ABUNDANT edge in small caps. Not all these setups have the liquidity to generate the 7-8 figure profits the top small caps traders make but why should that be your goal to start? Graduate from them after you've become a 7 figure trader that most gurus aren't every year anyway. Personally I ain't too good for a few thousand extra bucks a day. Try to fit more on your plate not less. Study MORE.

Actionable Step: Review all the movers everyday and save their charts and bucket them. Once you've gathered enough try to understand how they behave. People say its bullshit but volume, trendlines, support, resistance, and daily levels are NOT BS. Added bonus look into their news/fundamentals as well.

3. You should only trade from 9:30 to 11, high volume stocks, and over $1 dollar amount: Again another over simplified retarded statement that justifies being lazy. You should be RUTHLESSLY testing whether these statements are even true. As with all your setups. Don't overfit just because someone gave you an excuse to do so. Only fit what is true and tested. If you don't know the answer that means you should find out. Do these variables change expectations? Absolutely. Does that mean they are not tradable? Absolutely NOT. Now if you choose to not deal with this shit that's fine but make sure that's a firm decision you've made after given it much thought instead of a lazy one. I have lower expectations but I don't mind taking a $0.20 stock trade.

Path Forward:
I've been teammates with the absolute goats of DotA 2, and I was in the most prestigious undergrad program in Canada. Even then I can't even count the # of prodigies on one hand. Those prodigies also didn't end up achieving more than the others. Point is: pursue your goals relentlessly if you want to make it.

Truth is your trying to get into the top 2% of this field. Give that number some respect and get to work or get out.