Jack ⚡️

L/S trader. Conviction doesn’t make you money, only price does. Risk management is job #1. Not investment advice.

[Jack ⚡️ @eatSleepMarkets]

Disclaimer: read this before giving me a follow 👇

If you agree, there’s probably a lot we have in common ✌️

[Stock Talk @stocktalkweekly]

There is no loyalty in stocks. You are here to make money, nothing else matters. It doesn't make you a hypocrite or "paper-handed" if you sell a stock you previously liked or if you short a stock that you were previously long. That's exactly how it's supposed to be. Adapt or die.

[ChicagoFed @ChicagoFed]

The Chicago Fed Advance Retail Trade Summary (CARTS) projects retail & food services sales excluding motor vehicles & parts (ex. auto) to increase +0.6% in August on a seasonally adjusted basis and to increase +0.1% when adjusted for inflation. https://t.co/ctXS3g9hha

[Jack ⚡️ @eatSleepMarkets]

@aaditsh AI

[Jack ⚡️ @eatSleepMarkets]

@TheBetterPath_ Source?

[Jack ⚡️ @eatSleepMarkets]

@RealADTrader @mrkstructure Conviction was his system is working. Don’t tap out until the market taps you out. One day a trend does not make - and prior engulfing days ended up with a move upward in the the ensuing days

[Jack ⚡️ @eatSleepMarkets]

@GavinGewecke Always enjoy your analogies and metaphors. Speaks to you being present and understanding that markets aren’t binary. Stay well my friend🫡

[Jack ⚡️ @eatSleepMarkets]

@JoachimMo1985 @smartestrading Impressive. Obviously took some time to make. Would you mind sharing a link to just a read-only version? Interested in reverse engineering something similar 👍

[Jack ⚡️ @eatSleepMarkets]

@Trading_Boxes @tomthetrader1 Can you do a longer thread on this @Trading_Boxes - curious to understand your pov in a bit more depth if you’re willing. HAGW ✌️

[Jack ⚡️ @eatSleepMarkets]

@SqueegeeGod @MindMoneyHacks So I were to grossly oversimplify:

You find clients and book work, recruit and assign good subcontractors, and then manage relationships with clients and subs to make sure work is good. This in turn builds your brand over time.

Sound about right?

[Jack ⚡️ @eatSleepMarkets]

@JoachimMo1985 Very insightful - what are some examples for the second bullet point in various systems you’ve backtested?

[Jack ⚡️ @eatSleepMarkets]

😂😂😂 because obviously

[Citrini @citrini]

A little known Taiwanese tradition is that when the semiconductor company your Uncle is a CEO of begins taking market share from the one you are a CEO of, you must surrender your black leather jacket to them & the rights to deliver keynotes wearing one.

[Jack ⚡️ @eatSleepMarkets]

True that my friend 🌊🏄‍♂️

[Gavin Gewecke @GavinGewecke]

Ride the waves that are worth riding & spend more time watching waves go by…

How do you know what’s worth riding?

Maybe go to a museum & look at some paintings. Learn how to see.

You’re looking at numbers and they’re all beginning to look the same.

Remember the same number today is different tomorrow with time & space.

[Jack ⚡️ @eatSleepMarkets]

@JoachimMo1985 🤔😂😂😂 too good 🤣

[Jack ⚡️ @eatSleepMarkets]

Script is protected so I can’t make the edits myself but wondering if this could be used in reverse with a few additional lines of code to identify very low-risk buyable bottoms as well?

Worth looking into…

Thanks for sharing with the community fellas

h/t @jfsrevg @DumbleDax

[Jeff Sun, CFTe @jfsrev]

The ATR% Multiples From 50-MA signal is further enhanced. Big credits to @DumbleDax and all the suggestions and contributions from you guys!

1. Corrected the calculation to use a % base for detection - Used the high of the candle as a reference for the detection to remain on the chart even if it is resold

2. Added an optional table

3. Modified the multiple to default by '10'. This is suitable if you are trading around high beta, high adr% name. If not you can adjust the multiples lower to 7 on my recommendation.

4. Works on weekly

https://t.co/6rpPBwifci

[Jack ⚡️ @eatSleepMarkets]

@jam_croissant @jam_croissant Fast forward ⏩ to 1:35 in the most recent WSB video and you get a nice shoutout in a voiceover remake of Powell’s commentary 🥐

https://t.co/YV45bfIn3z

[Jack ⚡️ @eatSleepMarkets]

@TheOneLanceB @Trading_Boxes @Trading_Boxes @TheOneLanceB great discussion here fellas - cheers 🥂

[Jack ⚡️ @eatSleepMarkets]

@TheOneLanceB @Trading_Boxes Thanks Lance 🥂, great point that EV rises w/ multiple legs down.

For the more risk-averse, a hybrid approach could work as well:

e.g. Size small to start at Point C w/ tight stop, then progressively add exposure and buy with size once price breaks or closes above LH as noted

[Jack ⚡️ @eatSleepMarkets]

@Trading_Boxes @TheOneLanceB @Trading_Boxes in other words, buy when price closes above break of structure at line 1 (in purple)?

And how about risk management - stop below the HL here?

[Jack ⚡️ @eatSleepMarkets]

@ZorTrades this approach has your name written all over it

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

MULTI-LEG MEAN REVERSION CONCEPT (MISTAKE EVERY ROOKIE MAKES)

This concept is so important that I am detailing it here for those that might not catch video I’m making on it.

1. The more legs down that a stock makes in a row, the MORE probable a bounce becomes.

2. The more legs down that a stock makes in a row, the MORE the reward increases (50% base case retracement of overall move)

Therefore, all things equal, the BETTER the expected value gets as stocks make consecutive legs lower.

That means you need to BET MORE, as opposed to rookie psychology dictating to bet less or give up on the trade altogether after multiple previous losses.

**ASSUMES NO FRESH NEWS! MEAN REVERSION IN STOCKS WITH FRESH NEWS IS INFINITELY MORE COMPLEX AND DANGEROUS!**

[Jack ⚡️ @eatSleepMarkets]

AI taking everyone’s jobs 😂

[Jack ⚡️ @eatSleepMarkets]

Love me some good memes 😂😂���😂

[John @market_sleuth]

@AnthonyCrudele It’s a Wonky Market 😄⬇️