Woonyc

Que sera sera - 🇸🇬 | Beanz #beanfollowbean

[Woonyc @woon_yc]

@emmanuel_2m OS

[SeffSaid @SeffSaid]

A gentle reminder

[Woonyc @woon_yc]

@0xInk_ Skills issue….agent itself you can power by opus 5 and customise to you need. But i get that you are approaching it from like a packaged service like weavy or magnific that kind.

What i say agent are not good is the most valuable skill you have that is “taste”.

[Woonyc @woon_yc]

@Muninn @TheShortBear Interested in the discount

[El Marqués de las Zorreras @EZorreras]

Cuando tengas un mal año, acuérdate de Paco.

[MAGIKARP🦈💦 @UniteVids]

Waiting for sushi in Japan 🍣

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

Here is why defining language is so important and why ICT doesn’t really do any of this.

Most ICT concepts are vague to the point of being useless.

-Do markets seek liquidity? Are they “pairing orders”?

Well yea, but so? If you have a willing buyer and seller that agree on price, markets are the mechanism that matches that liquidity.

So by definition, trading markets DO match liquidity and “seek” it. That’s literally what a market does - participants provide a “bid” or an “offer” at prices in hopes of finding transactions.

ANY market is trying to find the right price for a transaction to occur. That’s what Amazon does, that’s what EBay does, that’s what NYSE CBOE and even Onlyfans does.

By definition, all of these entities are markets that try to price stuff at an appropriate price for transactions to occur.

But again… so??? What do we derive from that and is that of any value?? Literally nothing.

-Offering fair value (retracement)

Well again, what does this even mean? There is no such thing as true fair value and in markets, one measure of fair value is just the last transaction. I don’t think FVGs even have anything to do with a traditional definition of fair value which is stupid to begin with.

So what does it mean? If we are talking, do sharp price moves in markets tend to retrace? Well sure. But that doesn’t mean anything.

Random patterns show retracement. There is a 100% chance that every price pattern will retrace at some point. That doesn’t mean it has edge or predictability. In fact, most price action is total noise.

A fair value gap is not a trading system, it’s just an observation about price behavior. Yes, price will always have some form of retracement. But when and how far matters.

It would be like me saying the sun will rise. Well yea, ok? I agree that at some point each day the sun rises. So?

The edge in trading has always been in specifying precisely when, where, and under what conditions those observations create positive expectancy.

It would be the same as me arguing that price forms trendlines ala tori trades.

Well yea, it does. Sure. But can one derive any edge from that?

Maybe but the devil is in the details. The system and when / how to apply it is EVERYTHING in trading.

And for me, it’s quite scary that with over 2m+ followers there’s an absolute dearth of real verified traders using these concepts.

I’m not sure I know of ANY verified big-time traders using these outside of just the content game and funded trader programs.

[Pickle Cat @0xPickleCati]

I swear this entire world is a fking joke.

OpenAI named its 3 new models Sol, Terra, and Luna.

So… somewhere inside OpenAI, a crypto intern put the 2022 collapse starter pack into a naming doc as a joke.

Then 14 directors, 6 branding people, 3 lawyers, and one guy named Chad from product all said:

BEAUTIFUL. Ship it. Yea, this feels like the future.

Is someone trying to warn us about the post-IPO price action?

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

AVOIDING CRITICISM HARMS YOU & THEM

Early on in my work with SMB Capital, there was a trainee that was not meeting the standards of the firm. As a result, during a meeting, Bella chewed out this trainee regarding the quality of his work. Feeling bad for the trainee, I softened the blow by telling him it would be okay and that he's working hard and all these other platitudes at the end of the call.

After the meeting, Bella told me to never do that again because I was softening his message to the trader and ultimately hurting the trader's and the firm's long-term prospects, because if he does not learn that lesson, he will not be at the job in another few months.

As most humans do, I initially got defensive, but then the more I thought about it, I realized how right he was. If this message was not hammered into the trainee, he actually would be gone and his dreams would be broken. The trainee still had the possibility for change, but only if the emotional drive was strong enough to create new behavior.

So often in life, we avoid giving feedback because we don't want to hurt the other person's feelings. Yes, there absolutely is a productive and an unproductive way to give feedback. One of the most important skills in life is being able to give feedback in the most productive manner possible. Too soft and they don't listen. Too harsh and they get defensive and unresponsive.

Similarly, in life, it is just as important to be able to learn to receive feedback. We all get defensive. It is our ego and human nature, but with time we learn to tone that response down and objectively listen to the feedback to find out whether it is true and whether it is actionable. There is tons of feedback that isn't true and can be dismissed, and there's tons of feedback that isn't actionable and ultimately we can't change. The feedback that comes from a position of caring to help us be better is the feedback we must take.

Almost comically, what inspired me to write this post is that a local small business bagel shop opened up by me. Many in the area love to see small local businesses thrive. The truth is, though, that the bagels were not good and barely edible because of how crispy and chewy they were.

Despite this, many of the reviews gush about how important it is to have small local businesses but avoid giving the hard feedback that is necessary for this business to thrive in the long run.

If you do not give the necessary feedback, counterintuitively, the business will actually fail, and your actions are counterproductive to what your goals are. Sometimes in life, the nicest thing you can ever do for someone or something is to give the hard feedback to help them be better.

Additionally, avoiding feedback also hurts you. Not only are you suppressing your own thoughts and feelings, but if you care about something or you care about an outcome, good feedback helps you make sure your needs are met and the outcome you hope for occurs.

If you care about the prospects of a trainee or a business or a person, you end up harming yourself AND them by not giving them the feedback to succeed and grow. You’re avoiding short-term discomfort at the cost of long-term success.

[Woonyc @woon_yc]

@daytradingzoo interesting.....it like one of those I saw where someone use PI agent with Claude and GPT using gpt as verifier of the ralph loop

[Woonyc @woon_yc]

@kelanfar This is Lance biggest loss in 2021…I won’t be surprised this will go to $500 or even $600 as you said

[Christian Flanders @CFlanders7]

This applies to trading and poker too.

[yanni @YanniTrades]

https://t.co/1xuTbktdvV

[Vince Langman @LangmanVince]

The Japanese Trump is hilarious 😂

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

EXCLUSIVE: SHARK OF @SMBCAPITAL

In this rare interview, we discuss Shark’s evolution as a trader, his options hedge strategy, mindset, & more.

Thank you Shark for making me a better trader & your friendship whenever I’ve needed you🙏❤️

https://t.co/8snCKB4Qan

[Ted Zhang @TedHZhang]

Quote of the Day:

“You don’t need to be right often. You need to be right big.”

~ Stan Druckenmiller

[Elon Musk @elonmusk]

If you have a womb, you are a woman.

Otherwise, you are not.

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

TO THOSE THAT QUIT TRADING

A few weeks ago I found out that one of my favorite trainees ever quit after 5 years in the trenches. Hard-working, grateful, fun to be around. Just a great dude. We chatted on the phone for a while and I relayed a few points to him that I wanted to share as I know many have struggled the last few years and are considering quitting.

This is what I say to the dozens I’ve had to fire or that I’ve seen walk away:

1. TRADING IS REALLY FUCKEN HARD! It NEVER gets easy. Not for ANYONE, no matter how skilled or good you get. There will always be bad rips, drawdowns, FOMO, and an assortment of psychological lows. You can’t ever become apathetic and are always one trade away from being back in the dirt. Even at my peak, this was all still true.

2. YOU NEED A REALLY POWERFUL WHY. I’ve seen so many trainees fail out bc trading looked cool and they figured why not. But to have staying power in this game your WHY needs to be stronger than all the WHY NOTS you will be beaten down with during the journey to success.

Some people LOVE trading. Some LOVE the challenge. Some LOVE the freedom or the money or the scoreboard. Or any mix of the above.

But I like to think of it like a boxer. When you get hit in the face and knocked down, you don’t want to get up again. Only a strong WHY can push you to override that and get up again to take another beating. Nobody can give you that WHY, that WHY only comes from within. And if you don’t have it, boy are there easier ways to make a living.

3. WHO YOU ARE IS NOT DEFINED BY YOUR LEVEL OF SUCCESS IN THE MARKETS! DO NOT LET YOUR IDENTITY BE DEFINED BY THAT!

Some of the biggest fucken pricks, assholes, and greedy pigs I know have succeeded at this job. That’s bc the market does not care about who you are. There is no karmic balance or sense of fairness in this game. An emotionless market deals out one’s fate.

If you quit or fail, that doesn’t mean you aren’t smart. Or resilient. Or driven. Or destined to dominate a different field. That doesn’t mean anything less of you as a person. Trust me, of the greatest people I have the pleasure of knowing, not a single one is a trader.

4. One of my favorite parables ever is that of the Chinese farmer (https://t.co/3mUaPdgShb ). However, I’d like to take the interpretation one step further. It isn’t just a matter of an event being good or bad in the proper context. YOU get to make YOUR OWN interpretation and choose YOUR OWN meaning. There is nothing stopping you from interpreting all events as being good ones leading you one step closer to your true calling. All events bring you right to where you belong. That is how I view life. “You are exactly where you are supposed to be.”

I’ve seen so many start their dream job training under me. They dream of success. They’ve never failed before. I’ve had to be the one that breaks their hearts. While crushing at the time, it has ALWAYS worked out for them in the end.

I laugh at how heartbroken I was when I didn’t get into the right college or the full-time offer in energy trading or when the top firms didn’t want me. Those failures were the greatest things to ever happen to me bc they brought me here to this moment.

If you quit trading, I don’t wish you luck in your journey. There is no such thing plus you don’t need it.

YOU ARE RIGHT WHERE YOU BELONG!