@BonkDaCarnivore That’s not 100% true Bonk,
Respectfully,
I closed on my home in December of 2015 so 10.5-11 years ago and I had a rate of 3.75 , and the cost of this very modest single family was 365,000 here is Mass,
So the unusual whales numbers were pretty on par.
April should be the best month for almost all retail traders who have traded it. If it isnt, you SERIOUSLY need to checkout what you are doing. I bet you are most likely doing the following:
- Trading 0 DTEs
- Trying to catch reversals (primarily trying to catch tops)
- Picking weak stocks
- Being predictive with trading instead of reactive
Honestly, I don't believe there is a reason inconsistent or novice traders should be trading 0DTEs. You learn absolutely nothing from it. For you to learn from your mistakes trading 0DTEs will take A LOT longer and require A LOT more losses than swinging or even just daytrading weeklies
When you trade 0DTEs as a novice, all you are trading on is adrenaline, anxiety, greed or the fear of missing out. How can you possibly expect yourself to retain the information during the trade when you are experiencing these emotions? Yes, it is important to learn what you did wrong after the fact, but none of what you learned after the trade will be easily retainable in the next trade when you are back to feeling all those emotions while trading 0DTEs
Just stop, seriously, like its borderline insanity at this point. So many people thought they can actually replicate the returns they got on 0DTEs when the market was ranging for two months with the most recorded intraday reversals in the markets history? NO, thats not going to happen, market always reverts back from an irregularity to reality, market always reverts back to the mean. The mean in this context is TRENDING MARKETS
Of course this rally in a short period of time was historical, but you are telling me you couldnt sit back and realize what was going on? You couldnt take your peasant hat off and think "maybe I should capitalize on individual stocks instead of ETFs"?
Its funny, people still tried to trade the ETFs during this rally (I understand why you would on $SPX, but not $SPY and $QQQ) and yet they COMPLETELY ignored individual stocks like $MU which gave AMAZING overnight and intraday movements which surpassed what ETFs provide
I dont know, I can sit here and rant all I want, I just end up realizing I care too much when I shouldnt. I get the same messages all the time during this time "Bishop how are you doing so well?", "Bishop I had my best month last month and gave it all back, how do I get it back" etc. Its always the same people, who dont make any changes and expect different results each time because they cant past the shiny "oH My God i mADe 120% iN tWO minUtEs!!" and get sucked right back in
People say "they arent in trading to get rich quick" but dont realize that they are being an absolute hypocrite by ONLY trading 0DTE ETFs before they are even seasoned in the markets
All I can say is, when I used to mentor people, they all did better and learned quicker when they ditched trading 0DTEs, switched to daytrading weeklies on individual stocks or swinging individual stocks and trading with the trend
Well, what can I say, I will probably end up getting the same messages 3 months from now, even though I give the same answer. But I am a sucker for positivity, so God Willing I am wrong and you guys learn before you go broke
Big Announcement for the Community @BayStreetBulls
Over the past few months we’ve had several members make some serious money trading together.
Three of those traders reached out to me this week and said they want to give back to the community.
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They are personally covering 3 new traders for the next 90 days inside the group.
Fully paid.
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Here’s how it will work:
• There are 15 free trial spots available below
• From those who join, 3 people will be selected (from them not me)
• Those 3 traders will have their next 90 days fully covered (I will let them reach and see what works for you)
I’ll also personally connect the experienced traders with the new members so you can chat, learn, and start off on the right foot.
Sometimes the best opportunities come from the community itself.
If you’ve been thinking about joining us, this might be your moment.
7 Day Free Trial (15 Spots Available):
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Let’s make this another big week.
$QQQ $SPY $NVDA $AVGO $TSLA $PLTR $MSTR
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