Everyone wants to ride a winner to the top. Few understand how to secure those profits without turning them into losses.
Bob Weissman and Brandon Hedgepath explain: sell a third of your position into strength. This pays for the entire trade upfront, creating a "free roll" and smoothing your equity curve.
Free roll secures profits.
I don't know what the market does today or tomorrow. I've never known.
What works is tracking relative strength, positioning bit by bit, then adding size when conviction is there. It's never that I know what happens next. That's not even part of the equation when I'm reading market action. It comes through systems, process, and progressive exposure.
Interpret, don't predict. Take it day by day.
Nobody knows what happens in the markets. But we can place probabilities and size accordingly based on what we see and the information we gather. There's never certainty of A or B. There are probabilities of A and B. So don't get into the game of thinking you have to know what happens with absolute conviction in order to make money.
Most of the traders I've met over the years just take it day by day, week by week, month by month, and let their systems drive the outcome instead of pretending to know.
During a market correction look for persistent Relative Strength.
This is most important in the last flush out phase.
List stocks each day that are holding MAs better, snapping back stronger, staying closer to highs, forming higher lows
And then focus on stocks and themes that repeatedly show up on your daily lists
The concept a lot of people struggle with is the ability to do nothing for weeks or months at a time. To sit there and know a better wave or market cycle maybe around the corner.
Most of that comes from learning it through pain and drawdowns. Honestly that’s the best type of learning there is. You trade a topping market, you get burned and there’s a lesson on the other end of it.
Folks screaming into a keyboard telling you don’t do this, don’t do that. That’s fine and peer knowledge is good wisdom. But the real learning comes from actually messing up. Feeling the pain, feeling the disappointment, going through the low yourself. Others can mask it or reduce it for you, sure.
The best traders out there, the ones whose word you actually respect, were all at some point trading this same chop. Trading a mess. Sitting in a drawdown. Giving back gains in a year that was going well. Taking a big gap down. Those emotional experiences harden how you approach the markets. You end up battle-tested because you’ve been through situation A, B, and C yourself instead of someone telling you to avoid them.
You can avoid some of it. But the best traders have always been through it. They know how it feels to be down and out and they know how it feels to be sky high, and those extremes build your emotional, psychological, and systematic ability to handle future cycles.
If you’re going through it right now, it’s not the end of the world. It’s making you a better trader. Better to learn in choppy water than in a market that only goes up, because that’s what breeds nonsensical risk management long term.
Wall Street won't teach you this. But patiently waiting for the right price matters.
Mark Ritchie, Brandon Hedgepath, and Bob Weissman emphasize waiting for a stock to form a proper VCP and a low-risk entry. Never chase extended moves; optimize capital efficiency instead.
Patience pays big.
Tighten the stop, size up. That isn't aggressive risk-taking; it's the actual math of R-multiple position sizing.
Brian Shannon walks through it on TraderLion. The originator of Anchored VWAP and a 35-year professional trader breaks down how a $100K account with $1,000 max risk gets 4,000 shares on a 25-cent stop and only 1,000 shares on a one-dollar stop.
His honesty test: is your tight stop a real higher low, or a number you picked so you can size up?
Picking the right vehicle is just as important as getting the market direction right.
Momentum trader Marios Stamatoudis illustrates this by comparing SLV options to the 2x leveraged ETF AGQ. He details how options force you to fight theta decay and volatility contraction, whereas a leveraged ETF provides clean, directional exposure without a ticking clock.
Trade the price action, not the options Greeks.
My Dan Zanger deep dive is available for free, based on only free materials.
Several people DMed me, offering access to Dan’s old newsletters, but I declined. Copyright issues aside, I really wanted to prove just how much you can learn from what’s freely available online.
Individual sources are all linked in my write-up (https://t.co/UVtcDAVmsx), but for convenience, here’s a list of the key resources I used.
Dan’s own website, containing various written interviews (2000–2010)
https://t.co/upm796AY8D
Written interview with the CMT Association (2009)
https://t.co/M2mwPjqmLa
Probably Dan’s best interview, and certainly the highest WWR one (2005)
Part 1: https://t.co/Hy6DKfc7YT
Part 2: https://t.co/ZKgj9VAcQb
Very good longer spoken interview from 2016
https://t.co/f1IEFaJuaV
More recent spoken interviews on Spotify (2018 & 2020)
2018: https://t.co/6TLSONMl56
2020: https://t.co/YofXQWEQ2B
A few live broadcasts Dan did, with this being the most interesting IMO (because you can feel just how much he’d improved at environmental awareness/trading less; from 2015)
https://t.co/DDbZH5ZySM
The ‘catch’ is that going through this stuff takes a LOT of time and effort. But that’s also a good thing. The *intentionality* this type of exercise requires is what makes a study method effective.
Plus, an edge, by definition, involves doing things of value others can’t or won’t do. And when it comes to information in the public domain, the edge must come from what you do with it.
As Dan said: you can lead someone to water, but you can’t make them drink.
𝗧𝗥𝗘𝗡𝗗𝗜𝗡𝗚: NFL legend Justin Tuck is now a Managing Director at Goldman Sachs after his 11-year football career.
After the NFL, Tuck went back to school, earning an MBA from the prestigious Wharton School.
Justin is a true inspiration and role model.
(via @adamglyn)
I just posted my quickfire interview with @alphatrends
30 Trading Topics in 20 Minutes and great answers
✅ AVWAP Indicator
✅ Multiple Timeframes
✅ Risk Management
✅ Trading Process
Check it out here! 👇
https://t.co/sHG6ZhTDAP
Deepvue has been cooking up some pages to showcase all that we've built last few years - check them out
https://t.co/4UEY8yKSVx
https://t.co/ng642usRYh
https://t.co/bfGh7e8jMj
https://t.co/I1h1hQcK71
https://t.co/QxuDzxnvBg
List of things Chamillionaire invested in early before retiring from rap.
- Lyft (before it went public)
- Maker Studios (one of his biggest wins)
- Ring (before Amazon bought it)
- SpaceX
- Cruise Animation (GM bought it for $1B)
- Atoms Shoes
- Sienna Sauce
- Fleeting
If you are interested in @Deepvue this video gives a great overview of the platform and how it can save you time
✅ Quick Start Guide
✅ Top Screen Presets
✅ Deepvue AI Features
✅ Theme Tracker & Dashboard
https://t.co/WwhuZzUsGT
When the Wednesday highs started breaking, Ariel Hernandez was already watching the right stocks.
He explains how group rotation reveals new leadership early — cybersecurity names leading the pack, birds of a feather moving together before the crowd catches on. Specific tickers, specific timing.
The next cycle's leaders announce themselves. Most traders just aren't listening.
How do Market Wizards Trade After a Correction?
I just published a compilation from my interviews of key clips from top traders discussing how they positon and find market leaders
Featuring @Upticken@markminervini@OliverKell_ and @dryan310
https://t.co/X2qEqRb2oW
Doris Burke honors Mark Jones before he calls his final game for ESPN 🥹👏
DB: “I just want you to know, everybody involved, in the truck, here courtside, we are honored to be here with you.”
MJ: “I love you, Doris.”
DB: “I love you.”
Personalization is Your Greatest Edge
You can copy someone’s external framework, but not their internal wiring.
Your relationship with discomfort is different from theirs — which will come out when you trade.
You can condition yourself to handle the constant discomfort, but can’t fully hide your personality. No one is precisely you, except you.
And that’s a good thing. Because your uniqueness is your edge.
FREE Substack now live!
🔗 https://t.co/jHdRmHpJc6