An Elite Trader:
Thinks probabilistically
Sizes dynamically
Preserves capital above all
Waits for structural alignment
Defines invalidation before entry
Accepts being wrong calmly
Avoids prediction narratives
Reviews performance statistically
Trades less
Rarely acts impulsively
Multiple deaths in family. Trading system is on autopilot while I navigate new and heavy circumstances, while still full time care giving for mum. #family#caregiving#TradingJourney
My system now has regime awareness after two years of thinking, development, five publications, and a lot of testing. It doesn't fill the gap perfectly, but that's the nature of trading/investing. It does a good job of finding exotic prices and alerting me; that's what matters.
BREAKING: Americans are feeling worse about the economy now than they were during the COVID-19 pandemic, the financial crisis, and following the 9/11 attacks, per YF
"The unemployment rate is low. The stock market is high. Consumer spending is healthy. But ask Americans how they’re doing, and you’d think we were in a recession," per WSJ
The gap between the IRS code and medicaid for American families taking care of aging parents is absolutely horrific. This country is actively failing its people and threatening the generational efforts of families to create a better life for their children. #aging#family#policy
"Once men turned their thinking over to machines in the hope that this would set them free. But that only permitted other men with machines to enslave them." - Frank Herbert, Dune #claude#chatGPT#obsidian
Totally agree with this excellent article by Maury Obstfeld: "Don't blame America's current account deficit on the dollar." Not so long ago I tweeted "The view that the dollar’s reserve currency status is responsible for its deficits is a terribly flawed view." Yet, like a zombie, this view will not die even if, as Maury says "This notion is dead wrong." https://t.co/SHXPVzFVWT
5 things worth protecting:
1. Your sleep
2. Your circle
3. Your word
4. Your attention
5. Your calendar
Give any of these away cheap and you'll feel it.
All of them are conducting massive insider trading operations; literally bragging about it in the Oval Office in April and now this non-sense with Iran.
@unusual_whales Eighth time he's one the same war in six weeks!
If he doesn't get the peace prize, maybe he'll get the war prize from the ICC if he keeps it up...
@unusual_whales So, the Treasury Secretary is trying to stimulate the economy ahead of mid-terms, knowing the public will foot the shortfall in their tax bills next year is insane.
Soon, he'll probably tell us not to talk about the national debt going from 20B to 40B since POTUS took office 😂
Combining all four indicators that I published into a framework that defines 'regime' and fills the gap in my automated system. All the colors are so I can make sure the framework's equation defines the total envelope of all four without losing my mind.