Dag

Pharmacist turned Trader | US Equities

[Dag @Rx2Tickers]

Tiny thoughts- https://t.co/hhS2oE0mxc

[Dag @Rx2Tickers]

The market is behaving unlike anything over the past 25 months- weird low vol whipsaw particularly harsh to tighter stops.

[Dag @Rx2Tickers]

“If you're going to try, go all the way. Otherwise, don't even start. This could mean losing girlfriends, wives, relatives and maybe even your mind. It could mean not eating for three or four days. It could mean freezing on a park bench. It could mean jail. It could mean derision. It could mean mockery--isolation. Isolation is the gift. All the others are a test of your endurance, of how much you really want to do it. And, you'll do it, despite rejection and the worst odds. And it will be better than anything else you can imagine. If you're going to try, go all the way. There is no other feeling like that. You will be alone with the gods, and the nights will flame with fire. You will ride life straight to perfect laughter. It's the only good fight there is.”
― Charles Bukowski, What Matters Most is How Well You Walk Through the Fire

[Dag @Rx2Tickers]

“I have discovered my self in life and know who and what I am- which is something many people never even do. I have conviction and full belief in my direction moving forward in life and I have become infatuated with following myself rather than other people…another goal in my life is to never work a day in my life. To never work at a normal job. Trading and being an entrepreneur are what I love doing and what I want to do in my life.”
- Simon Russo (Market Wizards, The Next Generation)

[CJ @IntlSpeculator]

An article on Jesse Livermore from a 1908 issue of Richard Wyckoff's magazine, "The Ticker."

The Secret of Success

"My success thus far has not been in any sense due to luck, but solely because I started out early to make a life study of the market." — Jesse L. Livermore.

In a recent interview, Jesse L. Livermore, who was reputed to have made a million on last year’s break in the stock market and several hundred thousand dollars in a recent cotton deal, gave a few of the reasons for his success.

"It was not a matter of luck," said Mr. Livermore. "Any one who figures that his success is dependent upon chance, may as well stay out of the market. His attitude is wrong at the very start. The great trouble with the average speculator is, he thinks the market is a gambling proposition. This has been the mistake of most speculators who have risked their all in the stock market. As a result, we see thousands of ruined careers.

"A trader should realize at the outset that speculation is a profession, just as the study of law or medicine is a profession; that certain rules apply to it that are to be studied as closely as if he were a law student preparing for the bar.

"Many people attribute my success to luck—chance. The fact is, speculation was born in me and for fifteen years I have studied this subject closely; you might say I have given my life to it, concentrating upon it and putting into it my very best. The requisites for a successful speculator are: Insight and intuition; one must have a talent for it, must make the subject a study, must acquire experience, and, what is most important, have the nerve to plunge at the psychological moment.

"Many people believe they can attend to their regular business and trade in the market between times. This is a vital mistake. If they cannot devote their entire attention to the subject, they should let it alone. In my own case, I had a craving for this line of work in my boyhood and my success, thus far has not been in any sense due to luck, but solely because I started out early to make a life study of the market."

[Dag @Rx2Tickers]

@jfsrev $FPS was a perfect example today- traded +5million shares in the first 30min & maintained +300% Vol Run rate through out the day.

[Bespoke @bespokeinvest]

UPDATE:

Nasdaq at 875 trading days after the release of Netscape on 12/19/94: +144.55%.

Nasdaq at 875 trading days after the release of ChatGPT on 11/30/22: +144.77%.

Past performance is no guarantee of future results!

[Dag @Rx2Tickers]

$ARM, $DELL, $HPE make the day...and the month!

[Dag @Rx2Tickers]

Remain objective, focus on the process- tune out the noise.

[Dag @Rx2Tickers]

I watched and re-watched your interviews specifically focusing on DD control. Made it a non-negotiable rule that I wouldn’t exceed -5% a month and cut size/risk as I lose more. Huge game changer- helped me avoid deep drawdown in Feb-March which meant very quick recovery and EC new high by mid April. Would normally have dug my self in way deeper. Thank you Christian🙏

[Dag @Rx2Tickers]

@DenizTheTrader 0. No one I know IRL is even remotely interested in the markets. Most friends think am a crazy gambler, I quietly enjoy the best profession/business endeavour one can ever engage in.

[Dag @Rx2Tickers]

@stamatoudism Well done, huge congrats on both fronts!

[Dag @Rx2Tickers]

Unrealised gain drawdown is not a loss but a perfectly fair price for positive convexity.

[Dag @Rx2Tickers]

3 Years, 300x 1%

[Ryan Detrick, CMT @RyanDetrick]

It took 3.5 years for this bull market to double, a tad faster than normal.

Did you know after previous bull markets doubled they had another three years on average left?

[Ryan Detrick, CMT @RyanDetrick]

It took 3.5 years for this bull market to double, a tad faster than normal.

Did you know after previous bull markets doubled they had another three years on average left?

[Dag @Rx2Tickers]

159.6% Invested
$TTMI looking great! $UUUU Stoped out- am still bullish Uranium- $CCJ, $NXE
Another solid green day for port. Prepared to follow sell rules without panic when the inevitable big red day comes around.

[Dag @Rx2Tickers]

Solid green day for portfolio despite the stress test. $PSN Short nice hedge work, Longs holding steady.
- 150.7% Invested
- Added back $VRT trims
- New position $MRX