HOW TO READ THE TAPE WITH LEVEL 2 DATA
So many traders ask me if reading the tape works and how I do so. This video finally explains!
https://t.co/UkoIuXdLDZ
“If I see someone else succeeding, I think that if he can do it, why cant I?” @Tradestl
Those that succeed at trading don’t avoid struggle. They refuse to quit bc they recognize success is possible. And with intense effort, what is possible becomes probable over the long run.
Controversial opinion: in the age of AI, public equities should actually be trading at a lower multiple due to the increased vulnerability of any given co to disruption.
Not to mention, the disrupters are staying private longer while the public incumbents get their lunch eaten.
END OF THE MONTH REMINDER FOR TRADERS!
Every single trader you see on here posting their big months and big wins is subject to selection bias. Most of the traders who underperformed or lost money are invisible.
This reminder is to focus on your own game. Become your best self. And that there is a whole lot more to life when you step away from the screens. PNL should not define you. Get outdoors, spend time with others, and give back.
The disconnect between oil prices and oil Twitter / oil experts is maybe the greatest disconnect I’ve ever seen in markets.
Inventories plunging towards functional bottoms, price plunging with it.
Incredible to watch everyone on #OOTT losing their sanity this week.
THE FUTURE OF TRADING IS HERE
Imagine being able to trade any product 24/7 without needing to split your margin across multiple accounts.
That isn’t coming, it’s already here. My buddy @apaley of @riftapp explains.
https://t.co/8ihfyjVn8G
Do I think I’ll still be doing content 5 years from now? Who knows. I do think we find most happiness through in-person community. I’d love to build businesses and communities with a team of people I like, in-person. I think that’s the peak experience.
Very nuanced and complicated answer:
I’m sure my skills in some areas are way worse, while better in others.
My reaction time, overall informedness, reading the tape, playbook diversity are all way worse.
I never ever lose sleep or stress much from it despite still working WAY too hard and WAY too many hours. But lot of really fun days while helping lot of good people and believing in the mission.