Normie gimmick accounts regularly post things like “who up watching they TV” and get 250K likes. Imagine the average IQ of the people whose Twitter feed consists of that
GIVEAWAY time
-$200 to someone who retweets & likes this
AND
-ANOTHER $200 to someone whos subscribed to my youtube
https://t.co/3HHhXB67jk
I'll announce the winners on friday goodluck :)
Price action tells you a clean summarized part of where the market is headed & data will either confirm if the majority is right or rather it's best to stay flat till the probability improves.
Avoid chop and trade momentum.
People sending marked up charts and asking for input with no other context
This is backwards
Market review goes in this order:
1. Environment (Macro, sentiment, your favorite twitter account shilling)
2. Scanner / Overview (rel value, Z, beta)
3. Execution (chart)
1/
as most traders know, the best trades are generally ones that show profit right away
but instead of exercising discipline and cutting trades early, most traders just let the market invalidate them by hitting their stop
knowing the above fact, why not cut trades early?
“In discretionary
the right position
is almost always flat
the right action
is almost always do nothing
5x / yr there's free money on the floor
pick it up
then do nothing
outperformance”
Thank you MGNR
This is the best uranium thread I’ve read in perhaps a year. Packed with knowledge and insight. Might be tricky for those new to the space to follow, but then take the time to study this. I read it 3x to allow the mechanics of what’s at play here to really sink in. Bravo Justin!!
Pairs trading is misunderstood as a dead strategy. You wouldn’t trade volatility with a GARCH model, but you can still find profitable effects and trade it profitably. Same with pairs, don’t start with static +/- 2SD, ADF, Bivariate pairs. You’ve got to 1. Catch up with …