fp.canaj

[TopBear @TopBear_]

Without discipline, moods place the trades. Fear exits early. Greed adds to losers. Every impulse hits the buy/sell button.

Discipline breaks that hold. The urge fades. The stop stays. Discipline is not a limit on trading. Discipline is what keeps the account alive.

[EliteOptionsTrader @EliteOptions2]

Trading is gambling.

But so is:

• starting a business.
• getting married.
• survival.

LIFE is a gamble.

If you’re not gambling you’re not living.

[Remz @Remzztrades]

I think this needs to be said, even though most of you probably already know it.

A day like today should not wipe out your account. In fact, it shouldn’t even come close.

If you suffered a 40–50% drawdown today, you need to take a hard look at your risk management. There’s no reason a single day should have that kind of impact on your portfolio.

Size appropriately. Manage risk or just stop trading. It’s probably not for you.

[Jon Erlichman @JonErlichman]

Stocks today vs past year:

*AMD: -11% +293%
*Intel: -11% +390%
*ON Semi: -11% +133%
*Coherent: -11% +373%
*Sandisk: -11% +3,816%
*Teradyne: -12% +336%
*ARM: -13% +165%
*Micron: -13% +737%
*Marvell: -17% +297%

[Kevin Xu @kevinxu]

all you have to do is start going all in.

[Dr. Julie Gurner @drgurner]

The best things in life, are often because you create them.

The solid marriage you worked on.
The career you built with sacrifice.
The health you put effort into.

Bad things will still come & hit you out of nowhere, but keep creating the good stuff...never let off the gas.

[TraderFlorida @TraderFlorida]

Don't trade every day or chase every fluctuation. Only enter when the market confirms your buy signals. The best trades show profit right from the start. Patience preserves capital - boredom is not a signal to act.

[Usman Ashraf @usmanashraff]

Options are better than futures and stocks!

Better returns, better risk to reward ratio and less hold period per trade for higher return!!

[Dr. Julie Gurner @drgurner]

All the odds are against you.
Who cares.

[peoplewish @Peoplewish]

It’s normal to get emotional over money when trading, but most of the time that emotional response comes from one of three things: oversizing, chasing, or both.

Here’s a simple thought experiment.

Do people trading paper accounts get emotional over their positions? Usually not. Why? Because there is nothing real at risk.

What about someone trading with 10% of their net worth? Usually not. Why? Because the risk is small. Even if the worst-case scenario happens, they will be fine.

What about someone trading 10% positions with 90% of their net worth, with an average stop loss of less than 0.5% of account equity? Not really. Why? Because they are using a disciplined position-sizing and risk-management system. They know that even if a trade fails, as long as they follow their rules, they will be fine and can compound over time.

What about someone trading with 2x their net worth in a single position? Absolutely. Why? Because even a small move against them can seriously damage their financial health.

They have no strategy. They have no plan. And even if they did, the position size is so large that they would never be able to emotionally commit to following the plan.

The more there is to lose, the more heightened the emotional state becomes. And when you are in that state, you tend to make rash decisions in an attempt to protect your nest egg. But in reality, you usually just chop yourself up with a series of meaningful losses and end up blowing up.

Moral of the story: don’t oversize.

Oversizing is the killer of plans, goals, longevity, happiness, and health. And this applies to nearly everything in life, not just trading.

[Ariel Hernandez @RealSimpleAriel]

There is buying stock out of a tight base or high tight flag, and then there is buying out of whatever the F this is lol. $SNDK $MU $AMD $MRVL $STX $GOOGL $MXL $INTC. If your just getting bullish now your doing it ALL wrong.

There is buying a stock on the 2nd floor and the 42nd floor. one can break your ankle. the other can break your neck.

[fp.canaj @fpcanaj]

@RealSimpleAriel The chart never lies

[fp.canaj @fpcanaj]

@RealSimpleAriel if u pretend it was a oil or semi stock, how good does that chart look ? $GME

[fp.canaj @fpcanaj]

@AlchemyTrader @SexyShortSeller Did that other stock unhalt and he had 119k or this is paper still

[fp.canaj @fpcanaj]

@danshep55 what about the person who sold that call to him, whos the smarter one

[Mark Minervini @markminervini]

Stocks are not mutual funds with a manager.... you're the manage. Either you manage the risk, or you suffer a big drawdown (and quite possibly blow upyour account). It's that simple.
Bottom line: Those who don't use stops, eventually stop trading. At best, they get benchmark performance. If you don't agree, you simply haven't been trading long enough, and your catastrophic lesson will come in time. This I can guarantee 💯.

[Ariel Hernandez @RealSimpleAriel]

@traderkylec 😭😭 $CAR today

[EliteOptionsTrader @EliteOptions2]

It takes longer to master yourself than it does to master your strategy.

You can learn to read levels in a month.

Learning to sit still when every part of you wants to force a trade?

That can take years.

The chart was never the enemy.

You are.

[EliteOptionsTrader @EliteOptions2]

9-5 and trading are the same thing.

But instead of trading options and futures,

You’re trading 50 years of your life for average money.

Doesn’t sound like a good setup to me…

Negative RR. Horrible setup.

Is that really the trade you want to take?