Michael Le

Trader at Seven Points Capital. Posts are not recommendations to buy or sell. Disclosures:

[Michael Le @MichaelBLe92]

With the year ending I just want to thank a few people I followed this year You all have become my mentors Your videos and tweets are insanely valuable
@markminervini @TaPlot @Scot1andT @801010athlete @RichardmogIan
My goal is 100% returns within 2 yrs

[Ted Zhang @TedHZhang]

I think spending an absurd amount of money on this past World Cup watching Argentina and Messi has made me a better trader.

My parents had a scarcity mindset coming from communist China, and there are remnants of that left in me. It made me care too much about the money and too much about the PnL.

Spending the money (even though it goes against almost all traditional personal finance metrics) viscerally taught me one key lesson:

The detachment from money: money comes and goes. Don't hold too tight. If you work hard and apply leverage and good judgment, money will come in loads.

This reflection was sparked by this quote from a Chinese sage I have written in my trading journal:

"When the archer shoots for no particular prize, he has all his skills; when he shoots to win a brass buckle, he is already nervous; when he shoots for a gold prize, he goes blind, sees two targets, and is out of his mind.

His skill has not changed? But the prize divided him. He cares! He thinks more of winning than of shooting, and the need to win drains him of power."

[Michael Le @MichaelBLe92]

@SPTX806 congrats man. Hope all is good

[Michael Le @MichaelBLe92]

@TheOneLanceB See you there!

[Michael Le @MichaelBLe92]

@TheOneLanceB Asian:
Eem
Khao Moo Dang
Nong’s Khao Man Gai
Janken
Paadee
Thai Peacock

Peruvian:
Andina

Caribbean:
Kann

American:
Portland City Grill
Departure

Pizza:
Ken’s Artisan Pizza
Apizza schollls

Brunch
Pine state biscuit
Jam on Hawthorne
Mother’s Bistro
Cheryl’s on 12th

[Kobe Bryant Stories & Motivation @kobehighlight]

“To grow, you have to constantly learn. Constantly move. Constantly improve.”

- Kobe Bryant

[Investors Underground @IUTraders]

New Trader Interview 🎙️

Check out our interview with @PharmDFoose

https://t.co/oEmthjra4P

✅️ Why biotech trading is uniquely difficult
✅️ What traders get wrong about "being right"
✅️ The journey from pharmacist to prop trader
✅️ The story behind Brice's worst trade

[Michael Le @MichaelBLe92]

@BrianLeeTrades The greatest growth I’ve experience was on the other side of discomfort (networking). Couldn’t agree more Brian.

[Michael Le @MichaelBLe92]

@BrianLeeTrades @InvestorsLive Recently got myself a Leap from a liquidation store. Very comfortable!

[Kim Ann Curtin, The Wall Street Coach @kimanncurtin]

The Invitation

It doesn’t interest me
what you do for a living.
I want to know
what you ache for
and if you dare to dream
of meeting your heart’s longing.

It doesn’t interest me
how old you are.
I want to know
if you will risk
looking like a fool
for love
for your dream
for the adventure of being alive.

It doesn’t interest me
what planets are
squaring your moon...
I want to know
if you have touched
the centre of your own sorrow
if you have been opened
by life’s betrayals
or have become shrivelled and closed
from fear of further pain.

I want to know
if you can sit with pain
mine or your own
without moving to hide it
or fade it
or fix it.

I want to know
if you can be with joy
mine or your own
if you can dance with wildness
and let the ecstasy fill you
to the tips of your fingers and toes
without cautioning us
to be careful
to be realistic
to remember the limitations
of being human.

It doesn’t interest me
if the story you are telling me
is true.
I want to know if you can
disappoint another
to be true to yourself.
If you can bear
the accusation of betrayal
and not betray your own soul.
If you can be faithless
and therefore trustworthy.

I want to know if you can see Beauty
even when it is not pretty
every day.
And if you can source your own life
from its presence.

I want to know
if you can live with failure
yours and mine
and still stand at the edge of the lake
and shout to the silver of the full moon,
“Yes.”

It doesn’t interest me
to know where you live
or how much money you have.
I want to know if you can get up
after the night of grief and despair
weary and bruised to the bone
and do what needs to be done
to feed the children.

It doesn’t interest me
who you know
or how you came to be here.
I want to know if you will stand
in the centre of the fire
with me
and not shrink back.

It doesn’t interest me
where or what or with whom
you have studied.
I want to know
what sustains you
from the inside
when all else falls away.

I want to know
if you can be alone
with yourself
and if you truly like
the company you keep
in the empty moments.

-Oriah

[Michael Le @MichaelBLe92]

@TaPlot @NickZha63608464 @markminervini @Scot1andT @801010athlete @RichardMogIan Hey TA! Lots has changed since this post. But I’m now a day trader at Seven Points Capital! Thank you for the reminder. Best of luck to you too.

[Michael Le @MichaelBLe92]

With the year ending I just want to thank a few people I followed this year You all have become my mentors Your videos and tweets are insanely valuable
@markminervini @TaPlot @Scot1andT @801010athlete @RichardmogIan
My goal is 100% returns within 2 yrs

[Michael Le @MichaelBLe92]

@BrianLeeTrades I’ll message you

[Tim Ferriss @tferriss]

An email from Coach Sommer I revisit often:

Hi Tim,

Patience. Far too soon to expect strength improvements. Strength improvements [for a movement like this] take a minimum of 6 weeks. Any perceived improvements prior to that are simply the result of improved synaptic facilitation. In plain English, the central nervous system simply became more efficient at that particular movement with practice. This is, however, not to be confused with actual strength gains.

Dealing with the temporary frustration of not making progress is an integral part of the path towards excellence. In fact, it is essential and something that every single elite athlete has had to learn to deal with. If the pursuit of excellence was easy, everyone would do it.

In fact, this impatience in dealing with frustration is the primary reason that most people fail to achieve their goals. Unreasonable expectations timewise, resulting in unnecessary frustration, due to a perceived feeling of failure. Achieving the extraordinary is not a linear process.

The secret is to show up, do the work, and go home.

A blue collar work ethic married to indomitable will. It is literally that simple. Nothing interferes. Nothing can sway you from your purpose. Once the decision is made, simply refuse to budge. Refuse to compromise.

And accept that quality long-term results require quality long-term focus. No emotion. No drama. No beating yourself up over small bumps in the road. Learn to enjoy and appreciate the process. This is especially important because you are going to spend far more time on the actual journey than with those all too brief moments of triumph at the end.

Certainly celebrate the moments of triumph when they occur. More importantly, learn from defeats when they happen. In fact, if you are not encountering defeat on a fairly regular basis, you are not trying hard enough. And absolutely refuse to accept less than your best.

Throw out a timeline. It will take what it takes.

If the commitment is to a long-term goal and not to a series of smaller intermediate goals, then only one decision needs to be made and adhered to. Clear, simple, straightforward. Much easier to maintain than having to make small decision after small decision to stay the course when dealing with each step along the way. This provides far too many opportunities to inadvertently drift from your chosen goal. The single decision is one of the most powerful tools in the toolbox.

[Michael Le @MichaelBLe92]

@TheOneLanceB Hey Lance, I think this would be great category to add. A sample of DRC/reviews.

[Michael Le @MichaelBLe92]

@SPatelTX That looks so dang good lol.

[Michael Le @MichaelBLe92]

@CiocanaTrader Damn thing is nuts. First and last time I try to short the pump and dumps.

[Michael Le @MichaelBLe92]

@SPatelTX Seems like a very well constructed sheet. Mind if I use this to construct my own?

[Michael Le @MichaelBLe92]

@SPatelTX Sorry didn't get to finish my tweet had to drive. But I am starting to implement a minimal hold time for my swings. Hold full position for 3 days before I can take partials.

[Michael Le @MichaelBLe92]

@SPatelTX One of his seminars, he mentioned how he was working with a trader in the pits. This trader couldn’t hold position for very long. So Mark had him do an exercise… put on a position and then around facing the clock for 20 minutes.

[Michael Le @MichaelBLe92]

@SPatelTX Got to eat while the foods hot!