@mvnnnyyy i would also add: look at the time it was able to stay under the prior days high. on 4/21 it could only hold under the level for about 15min before reclaiming. on 4/22 it held under prior day high for over an hour before the real selling started under $700
@thedarshakrana This sounds great but I don't think its rooted in reality. I know a lot of highly competent individuals that are still deeply unhappy...
@investingluc@perplexity_ai Let me clarify. I didn't mean the idea itself. I meant the prompt generation. What is your process for writing out the prompt in full? Do you use any tools?
@investingluc@perplexity_ai Luc, first of all this is really cool and thank you for sharing. I'm curious how you actually come up with and build out these prompts? I'd like to build more stuff on my own but my prompting (or lack thereof) always gets in the way of building mediocre vs incredible tools. Thnx
@traderprad@stylebender@ufc 100%! He brings such a cool style and watching him fight is like a form of art. So unique and meticulous. No one else like him.
How to fill your "free time" as a trader:
The majority of success in trading comes from waiting and letting positions work.
So how do I fill my time with things that make me a better trader & investor, without forcing trades?
The full guide...feel free to bookmark + use:
Do Deeper Research:
> what's a stock/theme that everyone's overlooking
> find cases of unusual options, volume, or activity
> study thematic maps + changes over time
> dig into geopolitics
> study history of markets
> positioning, what's crowded vs forgotten?
Education:
Youtube channels:
> @Qullamaggie (swing trading mechanics)
> Harvard Innovation Labs (business acumen)
> Institute of Trading (retail trading)
> @Wordsofrizdom (conversations with traders)
> @tbpn (business acumen + news)
> @DumbMoneyTV (retail + social trends)
> @theallinpod (tech news + vc banter)
Substacks:
~ @agnostoxxx's (good mix of macro, ideas, thoughts)
~ @zastocks's (trading principles, lessons, research)
~ @citrini (all around, thematic deep research)
~ @market_sleuth (experience, vix + data, lessons)
~ others based on your style
X interviewers:
- @MollySOShea's interviews (ceo's, executives, top names)
- @patrick_oshag's interviews (investing + market legends)
- @amitisinvesting's interviews (ceo's, public companies, leaders)
Data dropping favs:
+ @ConnorJBates_ (data, charts, sentiment)
+ @WallStJesus (surveys, price target changes, etc)
+ @KobeissiLetter (deep analysis, news, data)
Books:
= Reminiscences of a Stock Operator (psych + cycles)
= Market Wizards (pattern recognition across styles)
= The Psychology of Money (behavior > strategy)
= Poor Charlie’s Almanack (decision making)
= The Outsiders (capital allocation)
Use "free time" to get smarter on markets, business, and how the game works.
Observing:
> use @finviz_com's (or other) screeners for top gainers/losers, most active, unusual volume, etc.
> what headlines dropped + how did those assets react?
> which names have relative strength consistently?
> what doesn't make sense?
> what's the full picture? equities, bonds, crypto, metals, derivatives...learn how it all correlates.
Producing Content:
- you don't have to be an expert, but share your ideas, thoughts, and research...the amount of alpha I get from you guys is insane.
- can be comments, posts, videos, anything
- but make sure it adds value + something new to the conversation
- you learn 1000x more/faster by teaching
Reviewing performance:
- use some of your "free time" to go back and review the past few months/years.
- what worked? what didn't? why didn't it work? what should I change?
- where did I break my rules?
- average holding period, % performance month by month, etc
- know what makes you tick. find your weaknesses. use data to understand your style
Building + Tools:
+ @perplexity_ai's Computer (best all around imo + deep financial research capabilities)
+ claude, gemini, etc are options too
Build research tools, scanning tools, indicators, journaling tools...just create something that gives you an informational or execution edge.
Physically Leave The Screen:
> go for a walk
> lift weights
> take a nap
> hang out with kids
> drive around
This isn't everything, but it's a start on how to best use your "free time" during, after, or in between trades.
The edge isn’t doing more…it’s doing less, with better information.
♥️Luc
@SmallCapSmarts Haha I struggle with this too. It’s either a combo of I’m in finance, I run a trading business, or I just say stock trader but always feels cringe because of what tiktok and covid did to the trading industry