Sent today's piece to 5 Buys subscribers. Making it public.
Most traders don't fail from lack of knowledge. They fail from starting over.
Value investing, then momentum, then crypto, then options, then Polymarket, then futures, then a half-built backtesting engine. Five years of trading becomes one year of learning repeated five times in five different domains.
Every rotation resets the compounding clock. Every "next thing" abandons the edge that was just starting to form. Every strategy gets dropped at 20 trades when 200 was the minimum sample to even know if it worked.
Breadth is for conversation. Depth is for profit.
Full article on the site. Why traders keep rotating, what mastery actually looks like in a market context, and how to build the discipline of staying. Link in reply.
@Pyroselassie45@DanAhlman Stor chans… Julgranar hånas just för att de är passiva bärare av färgerna.
Nu såg inte jag när det hände, men jag hörde att det bara var WM som var där.
(Nej, det har jag så klart inte hört, men du ser hur jävla korkat ditt inlägg är va?)
The elements of good trading are: cutting losses, cutting losses, and cutting losses. If you can follow these three rules, you may have a chance. - Ed Seykota
@hekenberg@RichardMoglen@mwebster1971@JamesClear Structure eats motivation for breakfast.
I really like Clear's pedagogy.
It has made me go from a doom scrolling night owl to an evening reading, morning walking person.
Too bad I have so many bad habits...
Saturday read.
Most traders watch individual stocks and miss the only three things that actually matter for survival.
1 -The tide. The long-term secular trend. Bull markets that run for years, bear markets that reset valuations. The direction the whole ocean is moving.
2- The wave. The medium-term cyclical move inside the tide. Corrections in bull markets, rallies in bear markets. Most traders confuse this for the tide itself, which is why they get whipsawed.
3- The life raft. Cash. Capital preservation. The position you take when conditions get dangerous. Not giving up, just strategic.
Professional traders align with the tide, trade the waves, and know when to grab the raft. Retail fights the tide and wonders why the math doesn't work.
Wrote the full framework with practical applications for each phase. Link in reply.