maybe a stupid question but what exactly do people think happens if China wins AI? I'm American as fuck, but "we have to beat China" always ends there. Nobody finishes the thought. And nobody explains why I should trust our leaders to do "the right thing" with it either
Im not even done with The Little Book of Market Wizards and it’s already changed how I see everything. No exaggeration The best traders alive describe trading like painting, like dance. It’s genuinely beautiful. A battle with yourself. “The perfect trade is one that requires no effort.” I catch myself relating every conversation back to this book.
Shout out to @notthreadguy for the book recommendation!
Advice from a former banker yesterday : “you’ll never have 100% of the information, but you still have to make a decision.”
Market Wizards says the same thing. Traders fail because they think they need to be 100% right. Waiting to be 100% right is how you end up 100% wrong.
@notthreadguy@macdegods Wow this is amazing! I’ve been here for every stream since and this stream has become a part of my daily routine. I’ve seen the changes first hand. Absolutely incredible stuff!
Honestly, this was a feel trade more than anything. We saw Vance leave Pakistan with nothing, Trump tweeting about blocking the Strait, that felt like max bad news that couldn't last.
We're in a headline market. There was always going to be a headline to swing things back. The 20-year moratorium proposal was it. It just doesn’t feel like this agreement will last, just like the last ceasefire announcement. So there is probably going to be another headline that moves price against me, that’s why I’m closing now.
Didn't get the full pump I was looking for, but the read was right for the most part. That's enough for me.
11x was too aggressive. Had me wanting to close earlier than I should've. Next time, lower leverage.
I took this trade 10 hours ago, not bad.
Not gonna pretend like I have some crazy 4D chess thesis. I just find some smart people on Twitter, watch the news, and try to muster up the confidence to take a trade.
Vance left Pakistan with no deal. Trump just announced a full US blockade of the Strait of Hormuz.
Nobody sustains a closed Hormuz forever. This felt like max bad news. Went long. Will update.
my mom showed me a YouTube video of some guy saying a crypto coin was going to pay for his vacation home
I shorted it immediately
+21%
thanks mom
(did zero research. don't know what the coin does. still not sure.)
Being long oil just feels weird. I'd see bad news and think "good for my trade."
Also, Trump threatens to wipe out a civilization and oil is at $115?? If THAT'S the headline and we're not at $200, what's left to price in?
sold last night.
not always about the size of the gain.
@thiccyth0t The PhD quant isn't your competition anymore.
The quant with the Bloomberg terminal lost to the guy who saw the tweet first.
Citadel should hire a brain-rotted 20-year-old and see what happens.