Maikel

Swingtrader 🎯 • Student of the market 🤓 • Building equity curves 🥇 • I write about trading concepts 🤿

[Maikel @mkl85]

After a few weeks of collaborating with Kyna, the story is now published. We talk about:
-How and why I started trading
-Why my competitiveness is both my trading power and my trading weakness.
-How to overcome your trading demons.

Enjoy the read and I would love to hear about your trading demons and how you're facing them!

[Kyna Kosling @KynaKosling]

Every trader’s journey is unique, but often contains similar key ‘junctions’:

✅ The catalyst that kicks off your journey
✅ Those early signs you’re on a worthwhile pursuit
✅ The need for experimentation and setbacks, followed by that reality check
✅ The commitment to the long haul, prioritising skill development over immediate reward
✅ The moment ‘common wisdom’ goes from sounding cliché to clicking…
✅ …often going hand in hand with making THE tweak — the small change with the dramatic impact

That dramatic change might be digging deep into the maths of your trading, like @KaiHamill4, who then realised his biggest problem: selling too early. He then made the strategy changes that let his ideal (low) win rate and risk–reward play out, going from breakeven to profitable.

Or it might be addressing a trading demon, like @mkl85’s competitiveness making him unable to accept defeat. But by keeping and analysing his journal, then keeping an ‘injecting logic statement’ beneath his monitor, he was able to identify and kill that demon.

Both swing traders share their stories and methods behind their breakthroughs on TTRH this Saturday, 30 August.

I’ll then zoom out, and talk more about those key moments on most traders’ journey:

***

The Key Moments in a Trader’s Journey
Different paths, same junctions
🔗 https://t.co/PDjLofjvL9

[Maikel @mkl85]

@TaPlot Keep fighting!

[Maikel @mkl85]

@Clement_Ang17 Great read Clement! Thanks!

[Maikel @mkl85]

The first trillion is always the hardest.

[World of Statistics @stats_feed]

Elon Musk needs another $998.9 trillion to become humanity’s first quadrillionaire.

[Jalen Brunson @jalenbrunson1]

I just want to be successful thats all..

[Maikel @mkl85]

@RichardMoglen 10 great opportunities to make that 2nd goal. It didnt want to go in 🤷🏼‍♂️

[Maikel @mkl85]

It would be a shame if they rugpulled $SPCX next week.. 😬

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The S&P 500 officially closes the day +0.5% higher as SpaceX, $SPCX, ends its first day of trading with a +19% gain.

[Adam Khoo @adamkhootrader]

As everyone watches the SpaceX IPO today, its worth remembering this advice from Buffett

"The idea that a newly issued security (IPO)—brought to market at a time of the seller's choosing and surrounded by massive hype—is the single best bargain among thousands of global businesses is absolute nonsense.

When an offering carries a ridiculous 7% commission just to incentivize salespeople, it simply cannot be the most attractive investment available.

While people easily get caught up in the excitement of a new launch, look at the reality: you have thousands of existing public companies whose prices are set by a natural auction market, free from aggressive promotion or hidden fees.

It makes no sense to buy a security precisely when an insider decides the timing is perfect to sell. Frankly, it isn't worth spending five seconds thinking about IPOs."
- Warren Buffett

[Maikel @mkl85]

@wey_how12640 @NickSchmidt @NickDrendel @Deepvue 🤣👏

[Shake Pryzby @ShakePryzby1]

This 1 minute Dan Zanger clip changed my life when I fully HEARD its power.

"Biggest lesson was to not be in the market all the time and to trade far less than I do."

"Market may have two big moves during the year. They may last 6, 8, 10, 12 weeks... other than that they just exhaust themselves."

"Just trade out then go golf, swimming, go to cash, just have fun and enjoy and wait for everything to set up and do it again."

You ever see White Men Can't Jump?

When Woody Harrelson puts on Jimi Hendrix and Wesley Snipes says, "No no no. There's a difference between HEARING and LISTENING. White people can't HEAR Jimi, yall just LISTEN."

I have found that most traders LISTEN to Zanger but they don't HEAR him.

There is nothing more difficult than changing your day to day market behavior on a dime after months of activity giving you overtly positive feedback.

With today's follow through selling, it's clear the environment has drastically changed in a week's time.

I constantly work on my mental state and the goal is to never have PnL effect your life outside trading. Unfortunately, I am a simple Neanderthal and I am happy when I win and angry when I lose. So I tirelessly work on myself to understand when I win and how to avoid losing.

So I push push push risk when I'm hot and have unbelievable market feedback and traction. Then I completely stop when that changes.

I can only do this, because I have NOT done it so many times in my career and the emotional pitfalls of giving so much PnL back FORCED me to change the behavior.

[Maikel @mkl85]

@StockMarketNerd I'll put 10 bucks on the IBIT scenario. Sell-off in the first week followed by a short base and rally. Then going nowhere for at least 9 months.

[Maikel @mkl85]

This, and this only.

[Brian Shannon, CMT @alphatrends]

Complete list of opinions I'll actually listen to on the $SPCX IPO.

1- Price action
2- Price action
3- Price action
4- Price action
5- Price action vs VWAP

Everything else is just noise.

Only price pays

[Maikel @mkl85]

@RyanPierpont Buy 'em tight and reduce' em loose. I like that! HAGW!

[Maikel @mkl85]

@BigWaveChartist Enjoy!

[Maikel @mkl85]

@TaPlot You got this man!! 🙏🙏

[Maikel @mkl85]

@bramk Beterschap man! 🙏

[Maikel @mkl85]

@TaPlot Give me a higher low bounce on the 20 EMA man 😂

[Maikel @mkl85]

@SJosephBurns Snickers.

[Maikel @mkl85]

@CFlanders7 The Overweight 8

[Maikel @mkl85]

@jfsrev Congrats Jeff!! 👏