TradersTundra

•Options Trader/Momentum Trader• (Scalper) •WNY Steelhead Fisherman• *Not Financial Advice*

[Football Performances @NFLPerformances]

DEVIN LLOYD JUST HAD ONE OF THE GREATEST LINEBACKER PERFORMANCES IN NFL HISTORY

9 TKL, 2 TFL, 2 INT, 1 SACK, 1 TD, 1 QBH, 3 PD

Carolina may have landed one of the best defensive pickups of the offseason.

[IET 17 @Inevitably_17]

It’s one thing to say it in America

It’s another to say it in front of a massive Muslim crowd in Abu Dhabi

🔥🔥🔥🔥🔥🔥🔥🔥

[Jay 😎 @jaysabur]

@gunsnrosesgirl3 Fortunately Shadow had on his muzzle 🐶 🐕

[MERICA MEMED @Mericamemed]

Not one golfer will disagree with the decisions he made.

[TradersTundra @TradersTundra]

@whybuddypregnan You’re an idiot 😂

[Hayes Fawcett @Hayesfawcett3]

At this point, this is just normal for Jeremiah Smith 🤣

[FOX College Football @CFBONFOX]

JEREMIAH SMITH OH MY!! 🔥 @Jermiah_Smith1 TD FOR @OhioStateFB

[Alessandro Palombo @thealepalombo]

This is Peter Thiel.

Co-Founder of Paypal and one of the most unique thinkers of our time.

He recently went on The Joe Rogan Experience and shared some mind-blowing theories and ideas.

Here are 9 key takeaways:
(No. 7 is fascinating)

[TradersTundra @TradersTundra]

@TradeBrigadeCo currently nailing this one 👌

[Esther & Michael @SuperLuckeee]

@itsmichaelluu As soon as the SPY or market sells off watch for 3 things before taking entry:

1. RSI to get oversold
2. Downtrend to break
3. Volume to come creating a pin bar reversal pattern

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

FUNDED TRADER PROGRAMS (“PROP FIRMS”) - ARE THEY LEGIT?

*Disclaimer: Before you flame me, I am new to this subject & am seeking your thoughts and experiences!*

These offerings have exploded onto the scene & the scale of them, like @ApexTradeFund & @topstep, is absolutely mindblowing. I know traders who use these programs (@TheStrongTrader @profitxabdullah). And I’ve credibly heard of traders that make hundreds of thousands per month from these with essentially zero capital risk.

BUT TO BE CLEAR - these are absolutely NOT true prop shops in the traditional sense of the term and in no way is the experience at a Trillium or SMB remotely similar to these. Difference being that traditional prop firms not only provide capital, but also a salary, training, mentorship, and proprietary tech.

These initially caught my attention bc a newer co sought financing from an entity I’m involved with. This co greatly gamified the funding journey and at first blush, it worried me a lot. Then a friend was able to put me in contact with an exec at a more established one once I expressed curiosity. Through that I’ve been able to gain some insights. (Will keep both cos anonymous.)

My first initial reaction: holy shit, the scale of these are MASSIVE! Beyond anything most imagine.

My second reaction: I can’t believe these aren’t more regulated, especially for the essential gamification of trading (Robinhood saw much reg scrutiny for this).

But are they legitimate? IMO, yes (mostly?).

They appear to be legitimate in that from what I understand, they DO payout per their rules and for SOME(!!) SKILLED(!!) TRADERS they do appear to be a totally feasible avenue to access capital and leverage? Maybe even an amazing avenue for skilled futures traders that otherwise lack capital???

I was told some stats, but the juicy ones I really wanted were not answered. My guess though is that the unskilled traders, constantly re-upping, subsidizes a huge portion of the business and then, finding the extremely rare skilled trader that can succeed on the tight parameters ends up being a huge win-win as well. It appears to be a TRULY GENIUS BUSINESS MODEL, bc I’m sure these cos know exactly the success rates and what payout rates and terms they can get away with. Much like a casino, you can offer a lot of comps and even have bunch of winners, and still make out like a bandit. But IMO it is built upon the basis of semi-gambling addicts continually re-upping and failing in the journey of always being oh so close to getting funded. It is that aspect that I’m surprised there are not further mandatory disclosures on.

IMO, the far more troublesome part though, is that for 99% of customers, they’re really just gambling away their money in a gamified environment with being funded always just out of reach. The failure rate per “account / simulation” is staggering, duh.

Very curious - does any firm publish success rates? What % of entries end up getting funded? I’d assume it’s staggeringly low.

-What has your experience been w these?

-How are these entities SO DAMN massive?

-What info am I missing or wrong on?

Highly curious and would love to learn more! TYIA!

[TradersTundra @TradersTundra]

@blakestonks Yeah when the jamokes are cutting their ‘starters’ it’s getting close 😂

[Gnotz (Bull) @BullTradeFinder]

A Credit Spread Explained 🧵

A HIGHLY UNDERRATED STRATEGY THAT I USE TRADING $SPY 🚨

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

TO THOSE THAT QUIT TRADING

A few weeks ago I found out that one of my favorite trainees ever quit after 5 years in the trenches. Hard-working, grateful, fun to be around. Just a great dude. We chatted on the phone for a while and I relayed a few points to him that I wanted to share as I know many have struggled the last few years and are considering quitting.

This is what I say to the dozens I’ve had to fire or that I’ve seen walk away:

1. TRADING IS REALLY FUCKEN HARD! It NEVER gets easy. Not for ANYONE, no matter how skilled or good you get. There will always be bad rips, drawdowns, FOMO, and an assortment of psychological lows. You can’t ever become apathetic and are always one trade away from being back in the dirt. Even at my peak, this was all still true.

2. YOU NEED A REALLY POWERFUL WHY. I’ve seen so many trainees fail out bc trading looked cool and they figured why not. But to have staying power in this game your WHY needs to be stronger than all the WHY NOTS you will be beaten down with during the journey to success.

Some people LOVE trading. Some LOVE the challenge. Some LOVE the freedom or the money or the scoreboard. Or any mix of the above.

But I like to think of it like a boxer. When you get hit in the face and knocked down, you don’t want to get up again. Only a strong WHY can push you to override that and get up again to take another beating. Nobody can give you that WHY, that WHY only comes from within. And if you don’t have it, boy are there easier ways to make a living.

3. WHO YOU ARE IS NOT DEFINED BY YOUR LEVEL OF SUCCESS IN THE MARKETS! DO NOT LET YOUR IDENTITY BE DEFINED BY THAT!

Some of the biggest fucken pricks, assholes, and greedy pigs I know have succeeded at this job. That’s bc the market does not care about who you are. There is no karmic balance or sense of fairness in this game. An emotionless market deals out one’s fate.

If you quit or fail, that doesn’t mean you aren’t smart. Or resilient. Or driven. Or destined to dominate a different field. That doesn’t mean anything less of you as a person. Trust me, of the greatest people I have the pleasure of knowing, not a single one is a trader.

4. One of my favorite parables ever is that of the Chinese farmer (https://t.co/3mUaPdgShb ). However, I’d like to take the interpretation one step further. It isn’t just a matter of an event being good or bad in the proper context. YOU get to make YOUR OWN interpretation and choose YOUR OWN meaning. There is nothing stopping you from interpreting all events as being good ones leading you one step closer to your true calling. All events bring you right to where you belong. That is how I view life. “You are exactly where you are supposed to be.”

I’ve seen so many start their dream job training under me. They dream of success. They’ve never failed before. I’ve had to be the one that breaks their hearts. While crushing at the time, it has ALWAYS worked out for them in the end.

I laugh at how heartbroken I was when I didn’t get into the right college or the full-time offer in energy trading or when the top firms didn’t want me. Those failures were the greatest things to ever happen to me bc they brought me here to this moment.

If you quit trading, I don’t wish you luck in your journey. There is no such thing plus you don’t need it.

YOU ARE RIGHT WHERE YOU BELONG!

[TradersTundra @TradersTundra]

@BullTradeFinder Miiiing 🤌🏼 nice seats

[MLFootball @MLFootball]

BREAKING: #Eagles head of security BIG DOM has been ejected from the sideline after his altercation with Dre Greenlaw.

Dom left the field to a standing applause from the crowd. Only in PHILLY!!!

[Umar Ashraf @UmarAshraf]

October Trading Recap:

$396K Trading profits (see attached broker statement)

61.15R Month (I made 61x my risk) - this metric is more important than what I actually made, because what I make or lose is contingent on my "account size" and "dollar risk amount".

My Win/ Loss ratio = 2.11 -- My Avg wins are 2x more than my avg loser

Max Drawdown was about $30K (about 3.7R)

Best Setups
- Continuation Sell Off (got some solid midday continued sell offs)
- Exhaustion Squeeze
- Opening Sell Off

Theme of the market:
- Extremely bearish overall, so majority of plays were to the downside minus some days where has some heavy exhaustion reversals (typical during massive sell off periods)

Things I did well:
- Capitalized on the market read pretty well
- Scaled up my risk accordingly
- Allowed my trades to run and hit beyond my planned R
- Executed well, best win % month of the year
- Selective of trades

Things I need to improve:
- Somewhat became biased some days
- Led to my biggest trading loss of the month
- Being biased made it difficult for me to take an additional trade
- W/L ratio needs work 2.11 isnt the best especially with my R./ Win %. This means when i do take a loss, its bigger than it should be
- Didn't scale out, need to scale in and out better to build positions and take profit

Full YouTube breakdown being posted later today.

Stats by @TradeZella

[MapleStax Trades @MapleStax]

Study these Chart Patterns to improve your trading!

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