Matt Petrallia, CMT

Swing and position trader for 25+ years. Finding simplicity amid chaos. Uncomfortable truths found here. Owner:

[Matt Petrallia, CMT @theEquilibrium]

I received my favorite type of "cancellation" e-mail the other day. Someone who's leaving my service to be INDEPENDENT. That's the entire goal! No one should be fostering dependency, I want to foster independence! I'm honored to have been part of your journey Jamie!

[Matt Petrallia, CMT @theEquilibrium]

@KynaKosling @wey_how12640 Personally think this was misunderstood as written - could definitely be wrong

[Matt Petrallia, CMT @theEquilibrium]

@KynaKosling The best ‘tweets’ are very intentional not aimed at being popular :)

[Matt Petrallia, CMT @theEquilibrium]

@KynaKosling Rinse and repeat every month from now on :)

[Matt Petrallia, CMT @theEquilibrium]

Not-so-gentle reminder:

The QQQ's are +34% since March 30th.
YOU ARE NOT A GENIUS
That traction you're getting is the environment.

Don't be fooled by your 'best' day / week / month etc.

Instead, be proud if you:

1 - Followed your process
2 - Followed price instead of the deafening level of 24/7 noise
3 - Managed your trades according to your simple plan
4 - Sized appropriately
5 - Pressed winners even though 'extended' as the environment and price action warranted
6 - Reacted to what you were seeing with your own two eyes versus predicting every move

[Matt Petrallia, CMT @theEquilibrium]

The market is not a geometry test

[Matt Petrallia, CMT @theEquilibrium]

Overtrading hurts in two distinct ways:

1 - Constantly pressing buttons in a poor environment for your style will lock you into the boom and bust cycle. You’ll perform well when you have a tailwind but give it all back, and then some, when you don’t.

2 - Constantly pressing buttons in a conducive environment for your style will knee-cap your winners and put a hard ceiling on your returns. You’ll close trades out far too early and abandon your simple plan. You short-circuit your chance to let the market do the heavy lifting.

Action does not equal progress.

[Matt Petrallia, CMT @theEquilibrium]

I see plenty of opining about trimming vs not trimming positions as they trend. You can do BOTH. And you can do it very INTENTIONALLY. Mix swings and position trades purposefully - manage them in distinctly different ways. Swings get sold INTO strength, position trades ride the bigger trend.

MOST IMPORTANTLY, make the mix suit YOU! This takes time. It takes knowing yourself, your reactions and thresholds intimately. You know YOU best, no one else.

For more watch this interview with @RichardMoglen

https://t.co/3Ml9bt6JeJ

[Matt Petrallia, CMT @theEquilibrium]

Mentorship vs Following

[Matt Petrallia, CMT @theEquilibrium]

@Clement_Ang17 Social media has always been, and always will be, noise - nothing more than that.

[Jeff Yap @jeppyap]

@theEquilibrium Thank you for introducing the concept of classifying trades as either position or swings. Rules differ on those. Something I heard from your interview that only I see the importance now.

[Matt Petrallia, CMT @theEquilibrium]

@jeppyap Honored to be part of your journey!

[Matt Petrallia, CMT @theEquilibrium]

Trade Rules are not a magic cheat code that optimize for perfect outcomes.

Rules - the ones you keep - are really tools to manage YOU.

[Matt Petrallia, CMT @theEquilibrium]

Trade Rules are not a magic cheat code that optimize for perfect outcomes.

Rules - the ones you keep - are really tools to manage YOU.

[Matt Petrallia, CMT @theEquilibrium]

A simple concept that can take some traders years to truly internalize:

Enter every trade with a management plan.
Follow the plan.
The market decides the outcome.

Repeat for decades.

Process > Outcome

[Matt Petrallia, CMT @theEquilibrium]

@ppearlman It’s all between the ears as you know well

[Matt Petrallia, CMT @theEquilibrium]

Some nice feedback from Monday's "Holding for a Bigger Move" Webinar - thanks to all who joined-in!

[Matt Petrallia, CMT @theEquilibrium]

Follow. The. Plan.

If you have the silent clarity to do this, then literally everything else is noise.

[Matt Petrallia, CMT @theEquilibrium]

@MarfatiaJaimin I think you get the point I’m making :)

[Matt Petrallia, CMT @theEquilibrium]

Social Media, Discord, 24/7 Financial News - all of it is purposefully built to glue you to the screen.

Is it even remotely surprising that so many have difficulty stepping back and letting the market do the heavy-lifting? A simple trade management plan is all you need. Don't let anything get in the way.

[Matt Petrallia, CMT @theEquilibrium]

Intro slides of today’s Member’s Webinar - “Holding for a Bigger Move” - it’s about controlling what’s going on between your ears. See you there!