isaac

[Shake Pryzby @ShakePryzby1]

"Traders get shot everyday, b!"

The reality of trading is that it sucks most of the time and there are short time periods where the easy gains come about every single day. During these times I want to be as aggressive as possible and exhaust myself with risk. 10 weeks straight up. What a fucking ride that was.

Then when it gets most difficult I want to have as LITTLE activity as physically possible. The emotional pitfalls are too great, and the equity curve expectancy is too little and I need to be READY for the easy environments to form to pounce with risk. I don't need to be the first buyer during these times. I need to wait until the market tells me it's time through leadership and thematic strength along with positive traction.

A 3% gap down in $QQQ is a bi-annual event that should not be taken lightly.

I have broken too many keyboards in my life!!

"YOU TOUGH RIGHT?!"

Avoid the mental pitfalls that come with overtrading chop. Market went on 10 week vertical run and now its setting up a weekly bull flag that will be the most fun thing to trade when it comes to completion and gives us that easy environment back - whenever that is. Could be a day, could be a week, could be September.

I am all set with slapping the keys every single day in this mess. I smoked the easy run. When it gets easy again I will be the first one loaded to the gills with risk.

But until then.... summer break 😎

"I'm out Rico..." 😂🫡

[isaac @isaac824_]

@RichardMoglen @Deepvue would love to try

[isaac @isaac824_]

@LesGouh I’d be interested. I’ve built some for TradingView if you’d like it — mainly for personal use but can publish it if you need it.

[isaac @isaac824_]

@DutchDaniels @SierraChart Learned something new, thanks

[isaac @isaac824_]

@DutchDaniels Great post, thanks for sharing your thoughts.

[AsymTrading @AsymTrading]

Watching hundreds of hours of Tiger Woods playing golf and spending 1,000 hours at the driving range won't turn you into a PGA tour player. Watching Messi and Ronaldo's greatest goals repeatedly won't make you a professional soccer player. Shadow boxing night after night won't turn you into a professional boxer.

In the same vein, watching hundreds of hours of Qullamaggie streams won't turn you into a top trader. Doing 1,000 hours of analysis on "5-star setups" won't automatically turn you into an eight-figure trader. If analyzing setups and crunching numbers was the ticket to riches, there would be far more rich quants and data scientists.
**queue up all the angry quants who pretend their number crunching has gotten them anywhere in trading

Practicing and consistently getting the fundamentals right is critical to success. But there's an extra kind of "it" factor that's necessary for greatness. This isn't a new argument. Even back in the day, the famous "Turtles" experiment of nature vs nurture were pitted against each other. Some traders just "had it" - others, no matter how much you gave them the answers to the test, they still failed. It's not all about rules and strategy - there's a psychological and mental component that isn't as quantifiable or trainable.

This is a long way of saying that the 10,000 hours of practice is required. You must get the fundamentals down. Every great trader I've ever studied who was worth their salt was almost obsessed with trading and did a PhD level deep dive into the markets, stocks, and trading. But even this isn't a guarantee of success. You have to pull a lot of pieces together into a cohesive system - the famous 3Ms of trading - mindset, market, and method. https://t.co/WljI6WAEe7

[isaac @isaac824_]

@mlabs0967 Thanks for sharing this. I'm still on the journey of fighting this fear and dropping my ego. This was a very timely reminder and an encouraging one. Cheers.

[isaac @isaac824_]

@ChuckDoneIt @SPX0DTE 100%

[Brian Lee @BrianLeeTrades]

The more you can separate your self-worth from your trading account (risk capital), the better off you will be as a trader.

Far too often I see traders live and die by the sword.

Try seeing it for what it is, it's not an infinite uptrend but rather a vessel that you utilize to put risk on markets and it's potential is simply linked to it's value.

So what if you make less because your account size is smaller? You'll make slightly less than you 'could' have made with your bigger account.

The reason why it becomes so difficult for traders to accept loss is because they have far more difficulty accepting a WIN.

They never want to pull that money out of the market and always want to grow and increase their capital base to apply more risk and win more.

This kind of mindset puts you behind the curve because you're always fixated on the last time you did well, the next time you will hit the next benchmark and assigning your personal self-worth to numbers that you easily dissociate from on a daily basis.

$10,000 in the account feels like it's not enough, $10,000 in the hand feels like abundance.

I've made thousands and thousands of percent returns while taking 90% of the profits out of the account regularly, the only period of time in my career that I stopped making money was when I stopped wiring.

You think you're special but you're not special, odds are that you're just like everyone else and will inevitably be humbled by the market time and time again.

[isaac @isaac824_]

@BOFOMOMO 100%. Thank you for sharing.

[isaac @isaac824_]

@Bornakang @MozartReina

[isaac @isaac824_]

@BaluShark she’s adorable

[mozart reina @MozartReina]

A wise man once said

“TA is not the use of past price and volume to make predictions about future price.

TA is the study of price behavior. What the trader does as a result of that study is outside the purview of TA”

[isaac @isaac824_]

@ajayc11 lovely charts as always

[isaac @isaac824_]

@FullDayTrader This is a beautiful chart

[isaac @isaac824_]

@UpenieksEdgars Thank you my Latvian brother 🙂

[isaac @isaac824_]

A monthly comparison from 2 years ago and today. I'm still very much a beginner & so much to learn but this is certainly a step in the right direction. Not claiming to have found the holy grail and acknowledge that all of it can taken away in a single moment if I let it.

[isaac @isaac824_]

@ChuckDoneIt Appreciate the kind words, Chuck

[isaac @isaac824_]

@Jamin_Tiger & thank you! I appreciate it.