Josh Schuler

18+yrs in. Democratizing investing/trading competence | Building & | #ghettoquant Nothing shared is investment advice.

[Josh Schuler @tradewithprof]

IPO = "It's Probably Overvalued" $ANT

[Investing.com @Investingcom]

*ANTHROPIC’S IPO HAS DRAWN MULTIPLE TIMES THE ORDERS FOR SHARES AVAILABLE $ANT

[Josh Schuler @tradewithprof]

Process over profit. 💪

[edgeful @edgeful]

if you're still in this game after everything it's cost you — the time, the money, the doubt, the people who didn't understand — then you have something most traders never develop: a tolerance for the process. that's rarer than any strategy.

[Josh Schuler @tradewithprof]

@SeanHasOptions @alphatrends @KrutzkyTrades @fomo It’s easy, you stand in a river and swing a twig back and forth. Fish catching is optional.

[Josh Schuler @tradewithprof]

Tracy is correct to call this out.

Also, the constraint to add is demography. This why the current collapse of demography should make us all root for AI to plug the productivity gaps that we are hurtling toward. #economics.

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

This is what happens when people mistake a board game for an economics education.

Monopoly has a fixed amount of wealth, no innovation, no investment, no productivity growth, and no new businesses. Capitalism has spent centuries doing precisely what Monopoly cannot, creating wealth that didn't previously exist.

The richest people in 1900 couldn't buy an antibiotic, a smartphone, or a commercial flight. Today, ordinary people have access to things kings couldn't have imagined.

Monopoly is a game about acquiring existing assets. Capitalism is an economic system that allows people to create entirely new ones.

If your understanding of economics comes from passing Go and collecting $200, perhaps sit this one out.

[Josh Schuler @tradewithprof]

Wow! Chapeau to @KrutzkyTrades & team for envisioning this format. Artful, engaging, accessible. Many will benefit from these episodes. Love it! 👊

Oh, & let me know when you want to do a gravel cycling episode to unpack auction theory. 😉

[Krutzky Trades @KrutzkyTrades]

Touching Grass Ep. 1 | Presented by @fomo

'Teach A Man to Fish' with @alphatrends

This Friday, Nov. 13th

[Josh Schuler @tradewithprof]

My #NQ_F plan for today based on the “inside” CPI day on Tuesday. We have good structure to target both higher and lower. Look to go with the direction that accepts above or below yesterday’s RTH range. 😉

[Josh Schuler @tradewithprof]

“The most useful thing a trader can internalize is that they don’t know.”

[Andrew Menaker PhD @Andrew_Menaker]

There's Real Power in Not Knowing

A few weeks ago my wife and I were in Japan, our second trip there. We wandered through a number of places, and one of them was Kanazawa, a city known for its samurai history and the preserved streets where those families lived.

It is also home to the D.T. Suzuki Museum, and that visit is what got me writing this.

The museum is spare. Quiet rooms, plain surfaces, a pool of perfectly still water. Standing there, I kept thinking about how little of it was trying to tell me anything.

It left room for whatever I brought with me, which is a pretty good description of how a trader should meet a market.

Here is the idea I came away with:

The most useful thing a trader can internalize is that they don’t know.

I mean that as a working position rather than a disclaimer or a display of humility.

If you really start from not knowing, a losing trade violates nothing. You weren’t wrong. You were uncertain, you took a position, and the market handed you information.

You exit, you update, you move on.

The loss needs no story and no defense, because there is no identity attached to protect.

Most traders have a harder time with what the loss means than with the loss itself. It touches their self-concept, their narrative about how smart and capable they are...and the often subconscious to a degree deeper fear of 'I'm not enough'.

The P&L gets tangled up with the ego, and suddenly you are no longer managing a trade. You are managing a threat to your sense of self, and the nervous system defends that with the same urgency it brings to survival.

That is why people hold losers too long, add to bad positions, and walk through stops they set with a clear head. Knowledge was never the problem. It is identity defense.

Zen has a name for the alternative: shoshin, beginner’s mind.

Shunryu Suzuki, who taught Zen in San Francisco, said it plainly:

“In the beginner’s mind there are many possibilities, but in the expert’s mind there are few.”

He did not mean naivety. He meant meeting each moment without the weight of fixed conclusions, and without needing to confirm what you already believe.

For a trader this is a performance requirement. The expert mind gets rigid. It starts seeing the market through its own prior conclusions, overweights what confirms and discounts what doesn’t. The market is speaking and the expert mind is busy finishing its sentences.

Beginner’s mind keeps the channel open. Your experience and pattern recognition stay intact. What you release is the attachment to being the person who wanted it to go a certain way.

Bruce Lee told us to be like water. Most people hear flexibility in that, but I hear something more specific.

Water doesn’t argue with the container. It doesn’t insist on a direction that has been blocked. It responds to what is actually there.

Standing beside that still pool in Kanazawa, the connection between water and beginner’s mind seemed almost too obvious to say out loud. (that's me in the pic - standing at the pool in Kanazawa)

The edge is how you respond, since nobody gets certainty. Your job is to make money. It is not to feel smart or to prove your read was good.

That takes a kind of humility many high-achieving people find hard, because their intelligence has served them everywhere else in life. The expert mind got them here, and in markets it can quietly become one of their costliest liabilities.

The trader who can say “I don’t know” and feel it in the body, beyond just the head, has removed a major source of friction before the session even opens.
#tradermindset #tradingpsychology $ES_F $NQ_F
$SPY $QQQ

[Josh Schuler @tradewithprof]

@bennpeifert

[Sean McLaughlin, NLD 📈 @SeanHasOptions]

“There are only three ways a smart person can go broke: liquor, ladies, and leverage.” ~ Charlie Munger

[Josh Schuler @tradewithprof]

I often hear people talk about being long or short.

That is open ended and hard to measure risk against.

Instead, when you talk about being long or short.....

"I want to be long "toward" ....."

"I want to be short "toward" ......."

The first part of your trade or investment is figuring out where the 🎯 is.

[Josh Schuler @tradewithprof]

Or, we can print an "inside" day and not get any real clarity while the auction fought across multiple references.

Upside is this makes tomorrow easier.

⬇️ Below 27500, looking toward 27200 and lower.

⬆️ Above 28100, looking for 28300, 28600.

[Josh Schuler @tradewithprof]

With CPI, it’s a tale of 2 ranges that @AaronRentfrew has cleanly illuminated below. Will we continue yesterday’s short covering into the range higher? Or, revert back toward acceptance and untested overnight inventory lower? Let thy CPI guide the way. #NQ_F

[Josh Schuler @tradewithprof]

With CPI, it’s a tale of 2 ranges that @AaronRentfrew has cleanly illuminated below. Will we continue yesterday’s short covering into the range higher? Or, revert back toward acceptance and untested overnight inventory lower? Let thy CPI guide the way. #NQ_F

[Aaron Rentfrew 🏔🏜🌋🏕 @AaronRentfrew]

$NQ a lil kiss.

[Josh Schuler @tradewithprof]

@NoelSmith @OldSaltyGrouch @jam_croissant @volatility911 Oh wow! Nice! 💪👊

[Josh Schuler @tradewithprof]

GM! Who else is super excited for trading this week?

[Josh Schuler @tradewithprof]

Speaking of buffoonery. Found this in my archives. A t-shirt design I created in 2016.

[Josh Schuler @tradewithprof]

I mean why stop the buffoonery now? 🤦‍♂️

[Josh Schuler @tradewithprof]

Takeaway? The CEO of the UFC has more sense than the president.

[FinancialJuice @financialjuice]

UFC CEO Dana White declines Trump’s offer to become press secretary: source says - CNN

[Josh Schuler @tradewithprof]

I mean why stop the buffoonery now? 🤦‍♂️

[The New York Times @nytimes]

Breaking News: President Trump said he had offered the UFC chief executive Dana White the role of White House press secretary. https://t.co/Dc65VAaTk3

[Josh Schuler @tradewithprof]

@KrisAbdelmessih You have too much self awareness for this industry. I love it.

[Josh Schuler @tradewithprof]

@DoubleWideCap @DeniseKShull