We learn from @LindaRaschke and her book Trading Sardines what it takes to succeed as a trader at the level of a Market Wizard. It's not learning the next pattern or indicator; it's mastering a process of mastery: https://t.co/3oxlxeAhTF
Yesterday's Buffett quote sparked some questions, so here's the fuller thought.
He joked that if your trading IQ is 160, give 30 points away. Past a point, more IQ doesn't help. What matters is temperament.
Why temperament wins:
Emotional control beats raw intelligence in markets.
It keeps you calm during drawdowns, stops panic decisions, and gives patience room to let processes and strategies work and play out
That's what lets you think independently instead of reacting to noise and hype, judge the facts on your own terms, and act on your process rather than letting the market dictate your moves.
I think spending an absurd amount of money on this past World Cup watching Argentina and Messi has made me a better trader.
My parents had a scarcity mindset coming from communist China, and there are remnants of that left in me. It made me care too much about the money and too much about the PnL.
Spending the money (even though it goes against almost all traditional personal finance metrics) viscerally taught me one key lesson:
The detachment from money: money comes and goes. Don't hold too tight. If you work hard and apply leverage and good judgment, money will come in loads.
This reflection was sparked by this quote from a Chinese sage I have written in my trading journal:
"When the archer shoots for no particular prize, he has all his skills; when he shoots to win a brass buckle, he is already nervous; when he shoots for a gold prize, he goes blind, sees two targets, and is out of his mind.
His skill has not changed? But the prize divided him. He cares! He thinks more of winning than of shooting, and the need to win drains him of power."
Volume is like votes on a stock's price, as each trade is an agreement between a buyer and a seller to exchange shares. Volume is the number of trades that occur during a given time period on a chart. Technical traders look for correlations between price action trends and increases and decreases in volume.
Trading volume and changes in volume over time can be important technical inputs for traders.
Liquidity can be the most important fundamental for a chart. Without volume, making a stock liquid, most other technical analysis doesn’t matter. Volume from both buyers and sellers is needed to keep bid/ask spreads tight and ensure good order fills.
A trader wants to focus on active names to achieve faster fills for their buy and sell orders. The farther a trader moves from the most active stocks and the major exchanges, the slower and wider their fills will become.
Volume creates technical levels as buyers wait at support to buy and sellers wait at resistance to distribute on a chart.
Downtrends occur when there is a lack of buyers at key price levels, so sellers have to go searching lower to exit. Uptrends occur when there is a lack of sellers at higher price levels, so buyers have to search higher to find sellers willing to exit their shares.
Don’t get confused: buyers and sellers are always equal in every trade, but it is the price at which they agree that a stock changes ownership.
Volume is one of the most important technical indicators for analysis because it quantifies the strength of a price move. The higher the volume during a swing or trend in price action, the more valid the move is. The lower the volume during a swing or trend in price action, the less valid the move is.
Volume can indicate accumulation or distribution on a chart. Uptrends should see rising or steady volume at higher prices, with buying pressure pushing prices higher and accumulation and buy-and-hold activity increasing.
Downtrends should see rising volume on lower prices to validate the trend, with selling pressure pushing prices lower, showing distribution and people exiting a stock. Breakouts from a price range have more validation and meaning when they occur on a higher-than-average volume.
Volume is primarily used to confirm a price move in technical analysis. Traders look for a confluence of higher volume with higher prices, as well as with lower prices.
Bearish divergences between volume and price action occur when a stock chart makes a higher high in price on lower-than-usual volume.
Bullish divergences between volume and price action occur when a stock chart makes a lower low in price on lower-than-usual volume. Both of these divergences could signal a reversal in price action from the current trend.
A large reversal in price action from the current trend, along with a large increase in volume, can signal a high probability that the current trend has ended and the next move could be in the opposite direction or at least sideways.
Often, a trend reversal is marked by a large reversal candle on the chart that closes in the opposite direction of the current trend, accompanied by a large spike in volume. During a chart reversal, volume can start with a large spike, then decrease as the trend reversal plays out.
On days when the price ends higher, volume can be marked green and considered bullish. On days when the price ends lower, volume can be marked red and considered bearish. This classification means the volume on that day was driven by a single sentiment, even though not all trades were necessarily bullish or bearish; the move was primarily in one direction.
Volume is the fuel for price moves and can be a warning sign of the possible failure of a move when a trend in volume doesn’t confirm the trend in price action.
🚨 GOOGLE JUST RENAMED NOTEBOOKLM.
But this isn't just a name change.
Gemini Notebook is being pushed deeper into the Google ecosystem with a secure cloud computer and more powerful workflows.
Most people will still use it like a PDF summarizer.
Here are 8 prompts to use it like a serious AI research system. 🧵
A trader's stress management plan:
1. Stay calm. Never trade position sizes that cause you increased anxiety. Stay within your comfort zone.
2. Keep perspective. Keep in mind that a single losing trade does not constitute a failure. If you are risking 1% of your trading capital, it should be on only one of the next 100 trades.
3. Stay comfortable. Make sure you are physically comfortable and relaxed while trading. Good posture, proper ergonomics, eating and drinking well, and staying mindful of your wellness are all critical to your success.
4. Visualize. Your future success is based on your current discipline and your ability to focus on trading your system. Visualize your success, and it will come.
5. Slow down. Only take your best entries and setups. Most stress comes from trying to make things happen when the odds are against you.
6. Appreciate. Being thankful for your family, friends, hobbies, and outside interests will help keep your trading in perspective.
7. Be mindful. Pay attention to your emotions and mental processes. Watch them rise and fall, and rather than being a captive of your internal narrative, step back and observe it. This will create a space of equanimity.
8. Abandon stubbornness. Focus on your trading strengths and do more of that every day. Stop devoting time to the things that cause financial losses and mental or emotional pain.
9. Conquer your emotions. Stop making trading decisions based on fear or greed. Instead, focus on your trading plan and commit to acting only on facts, not mental fiction.
10. Move on. Be willing and able to exit and cut your losses when you are wrong. Move on to the next trade, knowing that each one is a new beginning.
How to Use NotebookLM in 2026
NotebookLM can help you turn your documents into an AI-powered research and learning workspace.
Key Features
1. Add Sources — Import PDFs, Google Docs, audio transcripts, and webpages.
2. Source-Based Chat — Ask questions based on your uploaded sources with references.
3. Structured Study Guides — Generate summaries, timelines, reports, and briefs.
4. Visual Topic Mapping — Organize relationships between topics visually.
5. Audio Overviews — Convert notebook content into AI-generated audio discussions.
6. Video Summaries — Create short visual summaries from notebook content.
7. Deep Research — Explore additional credible sources related to your topic.
8. Structured Data Tables — Extract information into organized, sortable tables.
9. Collaborative Notebooka — Share notebooks with teams or clients.
10. Smart Prompts — Summarize, compare sources, identify decisions, generate briefs, and create scripts.
Useful Prompts
Summarize:
Create a 500-word thematic summary of these sources with citations.
Compare:
“Show the key points across these documents and note where they conflict.”
Identify Decisions:
“Pull the main decisions from these notes and attach each one to its source.”
Generate a Brief:
“Organize this material into Background → Core Points → Recommendations.”
Create a Script:
“Write a two-host script where Host A explains and Host B tests weak claims.”
Best approach: Upload quality sources → ask precise questions → verify the citations → turn the insights into action.
🔖 Save this for later & follow AdarshChetan on LinkedIn & X for more! ❤️
🚨 Stop drowning in academic papers.
NotebookLM can turn research papers, dissertations, and theses into clear presentations, literature reviews, comparisons, and structured insights.
Here are 7 prompts to analyze, synthesize, and present research like a pro. 👇👇
🚨 BREAKING: Google Gemini can now analyze any stock like a Wall Street analyst (for free).
Here are 10 insane Gemini prompts that replace $4,000/month Bloomberg terminals:
(Save this 🔖 you’ll need it later)
🚨 7 NOTEBOOKLM PROMPTS TO TURN PDFs INTO A PERSONAL RESEARCH ENGINE
Most people ask for summaries.
Experts make NotebookLM connect sources, find gaps, challenge ideas, and uncover insights. 🧠⚡
These 7 prompts will completely change how you research.
👇 Save this thread.
🚨 BREAKING: NotebookLM + Google Antigravity can now automate hours of research and content work for free.
Use these prompts to learn faster, organize ideas, or create better content in minutes.
(🔖 Save this ).
If you read books and forget everything, this is for you.
NotebookLM can turn any book into action plans, memory notes, and usable insights.
Here are 12 prompts:
Why most traders never actually change:
• They identify the mistake but
never fix the habit
• They journal once after a big loss
then stop
• They know what discipline looks
like but don't live it
Knowing is never the problem. Doing is.