We published a short report on $OPTX this morning:
" $OPTX: Zooming in on a Capone Style De-SPAC Where the Boss Cashes in and Takes All"
A Negative cash flow company with One Insider & Total Economic Control.
https://t.co/Ky5kEYwf2d
Don't miss your chance to see Tom Hougaard @TomHougaard, myself and expert trader friends in Buenos Aires, Argentina on March 23, 2026! It will be a full day of covering deep trading topics including my strategies, winning mindset, psychology, everything!
Come join me for steaks in my favorite Latin American country as well!
Tickets are going fast, lock yours in asap: https://t.co/TCXYLu6uPl
When I was a new trader, just becoming profitable, I was in a chatroom that would joke around a lot. I didn't know any better and I was friends with main joking guy at the time, so I followed along here and there.
Then later when I went to Puerto Rico, I made friends with many great traders and introduced the "joking trader" to my new friends down there. Quickly, nobody appreciated the jokes and I realized then and there that to be a great trader, you can't be joking around. In trading someone's joke is another one's misery. Not cool.
These days I see too much joking around. Especially joking around with self deprecation. It's disgusting behavior and none of the greats in any high level performance sport or business do this behavior. It's always important to model the right people if you want to succeed not only at trading, but in any entrepreneur endeavor.
Self deprecation is the worst form of joking around for traders. Recently, I did a podcast with Tom Hougaard and we discussed Michael Jordan, Kobe Bryant for a bit. Do you think those two joked around and self deprecated? Hell no.
When you see traders, especially on social media self deprecating and showing huge account screenshots, always be skeptical. If that trader has only traded for one year and is posting massive numbers, it could mean several things:
1. They had a massive inheritance and just add-add-add in which all it takes is a 5000% squeezer like $OCTO to blow up entirely. Always remember, the black swan is always looming. Those with limited amount of experience and big accounts are a ticking time bomb.
2. They're getting lucky using leverage and eventually, mother market black swan will take it back.
3. Could be paper trading/photoshop.
I want to make it clear that I don't wish any blow ups even to my worst enemies. In trading you have to be confident and be able to take risk while at the same time being humble and respecting that you can also lose it all. Staying humble and not joking around is key. Focus.
So, with that I want to finish with make sure you are mindful of who you are around. If you're in a cynical, joker chat room with traders using self deprecating humor, get out of there. In trading, to give yourself the best chance to succeed you simply have to model successful people, traders that are doing it properly. You don't see the pros like those at @smbcapital, hedgefunds or elite athletes joking around while they are locked in. Additionally, don't fall into the social media false prophets.
I make it clear in Friendly Bear University discord there is no joking around. It's a bad habit some traders come in with and I have to tell them it's not welcome and they fix it right away. Focus and mental capital for good stuff only guys!
P.S. the Friendly Bear Conference with myself and Tom Hougaard is on 10/10/25. Tickets will sell out soon. Make sure to grab them asap:
https://t.co/ARFrWvZ9It
People only care about macro events when it affects them and the event is front and center of the news.
As soon as its flushed out of news and no longer impacts them, they couldn't care less. Even if millions are still impacted. Covid, Ukraine, tariffs etc...
โIf you can take a small loss, in certain times when you feel youโre not comfortable, you got to do it.โ
Learning to love a loss is
a non-negotiable of becoming
a successful trader.
#tradingknowledge#trading#daytrading
The long term vision of #trader should be to improve read rate on tickers. Read rate is most shunned skill in markets "nobody knows where tickers will go" and by far most useful. You only get little bit better over years but it makes large difference.
Most traders are perma bulls or perma bears. Which means your read rate as perma bull will be great in hot market and equally terrible in bear market. If you are beginner especially. Because it's situational environment that increases chances of being on right side for perma traders. Most smallcap stocks have nothing special in news why they squeeze big when they do. It's mostly market momentum driven. So a typical beginner bull who spends most of his focus on reading news or floats to determine squeeze chances will feel like champion in hot market. But it has nothing to do with your skill likely, it's just market environment granting your wishes. News of each ticker play tiny role. Flows are carrying your read rate without you knowing again especially true for beginner traders who aren't told this.
So the goal of trader long term should be to stabilize read rate so that it can be as good in bear market as it can be in bull market. To know when to stop trading long side as perma bull and recognize bad enviornment is what will determine largely quality of your read rate. To not overstay in mid or end of hot market because your knowledge from past guides you for how long things are typically hot will be equally important. And same applies to perma bears just in opposite manner.
Which means...to strive for more knowledge and experience is eventually how we improve our read rate. Here is the tricky part: perma one sided traders are locked in the box of knowledge expansion because they are so obsessed with that one side of opportunity seeking that they ignore or dismiss market environment changes. It took me a while to realize that for myself and how major the impact of this had on my view about markets few years ago. This is why Austrian economists always ignore positive market data no matter what you show to them because all they seek for is how to turn anything positive into negative so it creates opportunity for them via gold and what not. Perma=ignorance insured.
To grow in markets and improve read rate faster therefore one needs to be flexible and seek for opportunities and edges on both long and short side. Only this way you allow yourself to be objective. Only after you are objective you can start building on top of solid quality vision for market. If you are perma...you will oversimplify things as that's what perma anything does, and nothing in nature or humanity is perma, it's all cyclical.
#trading #smallcaps
Time to give up on shorting #smallcaps and go long.
And then two months later MidEast balloons into risk-OFF and markets start tanking for a year.
Time to give up longing and go short.
๐๐
Do you see the issue?
Considering trades on both sides is always the answer and not to give up on this or that.
If you have done the homework on market history and smallcap cycles over 10 years or performances, you would find out that extreme cycles always happen that punish perma one-sided traders. It happens in every single asset class (I know bunch of ES/SPY long only futures traders that got flushed out in 2022).
This is why my go to approach is hybrid every single day based on dynamic changes of market conditions. Not trying to shortcut with simple one sided approach just because it's more comfortable. To survive extremes is to adapt well and quickly.