Spaculatorix

Books and Stocks only.

Pragmatic but maverick trader

[Michael Lamothe @MichaelGLamothe]

One of the biggest hurdles for me early in my trading career was "trying to be right". It took me YEARS to stop trying to be right.

When I first started trading, I thought success meant predicting the market correctly.

If I was right, I won.
If I was wrong, I lost.

That mindset shaped almost everything I did.

I'd hold losers a little too long because I wanted the market to prove me right.

I'd take profits too early because I was afraid they'd disappear.

Every trade became a test of whether I was "right" instead of whether I had managed it well.

Eventually I realized something.

The best traders I knew didn't really care about "being right."

They were obsessed with making good decisions!

They knew a great trade could lose money.
They knew a poor trade could make money.

Their confidence didn't come from predicting the future.
It came from trusting their process.

When it finally clicked, it changed the way I looked at trading forever.

Today, I track my batting average, but I don't judge myself by how often I'm right.

I judge myself by whether I followed my process, managed my risk, and made a quality decision.

Ironically, once I stopped trying so hard to be right...

My trading started getting a whole lot better.

[Spaculatorix @Stockslifeonly]

The world has evolved, but our brain is still wired for survival. To succeed in investing and trading, we must learn to manage instincts that once kept us alive but can now lead to poor financial decisions.

[Spaculatorix @Stockslifeonly]

Everybody wants to be a successful trader, but not everybody is willing to do the hard work, control emotions, and remain disciplined during difficult market conditions.

[Spaculatorix @Stockslifeonly]

The mind is a wonderful servant but a poor master.

[Spaculatorix @Stockslifeonly]

When most of your attention is absorbed by thoughts, the real world can start to feel distant, almost as if you're watching life through a foggy window. You're physically present, but mentally somewhere else—planning, remembering, analyzing, worrying, or imagining.

[Spaculatorix @Stockslifeonly]

"Life feels blurred because I am focusing more on my thoughts."

[Spaculatorix @Stockslifeonly]

Nobody is flawless in the stock market. Anyone who says, "I am perfect," is a liar. Professional traders always consider risk management, while self-proclaimed gurus often exaggerate their abilities by calling themselves perfect.

[Spaculatorix @Stockslifeonly]

“Losses are temporary; resilience is permanent.”

[Spaculatorix @Stockslifeonly]

@thechartist26 🤣🤣

[Hiren Gabani 📈 @Hirengabani23]

✍🏻🔥

[Hiren Gabani 📈 @Hirengabani23]

💫I’m buying exact same stocks, the same characteristics now as i did then (1980s). There is really nothing new. It just repeats over and over again.

💫Study the winning stocks. Ingrain their moves, price patterns in your mind. Not down their characteristics.

- David Ryan

[Spaculatorix @Stockslifeonly]

Events do not drive us ,thoughts do.

[Spaculatorix @Stockslifeonly]

Nothing in life has any meaning except the meaning we give it.

[Spaculatorix @Stockslifeonly]

If you want to know what will happen to you in the future, look at what your mind is doing now.

[Mark Minervini @markminervini]

Advice of the day: If you want to be successful (especially to those who use the excuse "I don't have enough time"), for starters... stop watching stupid worthless videos on TikTok, Facebook and Instagram of jerkoffs slapping each other in the face, dogs in tuxedos, and misearable drama, and instead put that time into work, study and following your passion. Read a book written by someone great and learn something instead of building a craving for dopamine hits from nonsense all day!