zurphy

ex @VALORANT GC competitor turned trader!!!
#Traders4ACause
I specialize in low price stocks

[zurphy @zurphyfps]

For the past 6 months, I have completed a DRC everyday, @TheOneLanceB style!
I am excited and determined to keep this up for the next 600+ days. I’d like to start sharing my progress and ideas here as I continue to move forwards. 🦾😁. Ask me anything!

[Nick Schmidt @NickSchmidt]

Mark Douglas said you don’t need to know what’s going to happen next to make money and it’s true.

Some guys I look up to feel this might turn into a bear market while others think we will make new highs soon. Traders with years of experience doing the same thing see something so different.

I love how we can look at the same market every day & interpret things so differently. It’s kind of amazing! It’s what makes a market a market.

Whichever direction the next 20% on the Nasdaq is I know they will be positioned properly. I will too. Even if right now we are thinking opposite directions.

There’s no right or wrong for guessing direction the only wrong is not adapting when things change and not managing risk

[Brett Steenbarger @steenbab]

Here's a new series of posts outlining peak performance principles and ways in which we can take our trading--and our lives--to the next level. No greatness was ever achieved in comfort: https://t.co/LB6fQQMDoO @gfc4 @jackschwager

[zurphy @zurphyfps]

#2: harbor, hush, skye/kayo, fade, chamber*
throw 3 flashes thru your own wall and dive with the harbor wall

[zurphy @zurphyfps]

Here's some ideas for comps w the new agent that could b gud.
omen, hush, skye, fade, chamber
harbor, hush, skye, fade, chamber
double controller, hush, fade, chamber
astra, hush, raze/neon, fade, chamber
omen, jett, hush, sova, killjoy/cypher
cypher, vyse, omen, hush, sova/fade

[jo johnson @josbjohnson]

in order to win you have to be willing to become completely incomprehensible to people who have no intention of living the life you want. think about how absurd it is to take the one existence you have been given and spend it negotiating the terms of your own ambition with people who will never have to live with the consequences of your surrender. let them think you've lost your mind. there are worse things than being misunderstood. you could spend your whole life being understood perfectly and never once find out what you were capable of.

[Yumi🌸 @samuraipips358]

Trading is simple, but not easy.

Repeating simple tasks is the most difficult skill.

[Ted Zhang @TedHZhang]

"If someone is better at something, it's because they failed at it more than you."

~ Mark Manson

[Yumi🌸 @samuraipips358]

My trading notes for a day 📝

・You will definitely have losing streaks no matter what strategy you use.
・You will definitely experience drawdowns.
・Attempts to recover losses will cost you more.
・Trades triggered by the impatience of not wanting to miss out are worthless.
・As long as you follow the rules, winning or losing is not your responsibility.
・Your job is to create a system with an edge and then “only” follow the rules.
・My job is “only” to place orders according to the rules.
・Do not make fun of other people’s strategies. It just declares you are immature as a trader and as a person.
・When you are emotional, investigate what thought processes and beliefs are causing those emotions.
・Do not use a system without testing it. That itself is a risk and a gamble.
・Systems are based on repetition. Incorporate a money management strategy with a 0% risk of ruin into your system.
・Do not tie winning or losing to self-esteem. What is evaluated is your consistency over the long term.
・Rather than telling yourself you can do it without any basis, thoroughly test and trust your system, no matter how tedious it may be. You can do it.
・You do not lose because you do not have money. You just do not have the skills.
・Do your best even for things that “might” make you 1% better. Do everything you can.
・Do not give up.

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

Later today we are having a firm-wide trader meeting at @smbcapital. A few teams and a couple handful of traders have been struggling. This aligns with what I’m hearing from other desks as well as those on the retail side.

Only fair for me to highlight both the successes AND the struggles of the traders I work with as I try to convey the authentic truth of being a trader.

On the SMB call we will discuss what has been working well, what hasn’t been, and how best to adapt. Soliciting feedback across teams and individuals.

Here is the main message I will be conveying to their traders which I think is useful for all to hear:

IMO, the most common issues I’m seeing is that traders are getting overly involved and over-allocating risk to situations that had potential but never unfolded optimally.

$BWET is a name that got extended, but never enough to take a real stand.

The breakouts in $QQQ or certain single-stock names had solid charts but the breadth beneath the market was awful. We still had yellow lights flashing in certain areas.

The recent AI sell-off was extended and had its moments, but it lacked the intraday flush or intraday setups to size into anything.

When these setups have unfolded suboptimally, traders have continued to stay involved and allocate risk in a refusal to acknowledge that the setup is not as good as it had the potential to be.

I’d argue this comes down to maintaining an objectively high level of subjectivity. Selectivity is staying in your lane and waiting for the setups in your playbook that match the current regime.

Unlike w poker, nothing is forcing you to play or to take a subpar setup. Essentially, you have a good hand and want to place a bet, but if the flop pans out suboptimally, you fold. A lot of traders have not been emotionally willing to fold and not play the hand.

Good trading is recognizing that there might be some positive signs, but then avoiding or sizing down when it doesn't fully line up.

[Yumi🌸 @samuraipips358]

The idea that “a skilled trader is someone who can make money even in difficult markets” is an illusion.

Truly skilled traders stay out of markets that do not fit their system.
Waiting is an important skill too.

[jo johnson @josbjohnson]

what the hell are we doing here if we aren’t going to chase the things that make us feel most alive? if there is something in your soul telling you that you’re capable of more, listen to it! and then go work for it. embarrass yourself trying. spend the years it takes to get better. do whatever it takes to give that feeling a real shot at becoming your life.

[Brett Steenbarger @steenbab]

Great traders master change processes; they are explorers, not settlers. An effective way to improve your trading is to exercise your capacity for change: https://t.co/ROD9AScvj5 @briannawiest

[Brett Steenbarger @steenbab]

Our strengths cannot exist in an environment of comfort; what we don't exercise inevitably atrophies. Here are two realities of trading success: https://t.co/ROD9AScvj5

[jo johnson @josbjohnson]

what separates the relentless from the merely busy is clarity of target. the busy are in motion without direction, confusing activity with progress. the relentless have identified, with precision, the thing they are chasing. and every action either closes the distance or is discarded. there is no wasted motion in the relentless pursuit, only sacrifice that has been deemed necessary.

[James Clear @JamesClear]

Decide the type of person you want to be.

Prove it to yourself with small wins.

[Nick Schmidt @NickSchmidt]

Indexes and stocks can pull back a lot like they are right now and my interpretation of it can be completely different depending on leadership.

When we look at the stocks that were leading us $DELL $HPE these charts are broken. Since leadership is broken this market pullback is not buyable for me its very sick.

If we had the same week % wise except leadership was still intact and holding up then I would be much more open to buying weakness and seeing this as constructive.

William O'Neil told us to watch the leaders and its one lesson that has had the biggest impact for me. Right now the leaders are saying something is wrong.

[TraderLion @TraderLion]

Trend systems blow up when the market changes character.

Linda Raschke separates directional trend regimes from mean-reversion environments. When clean breakouts turn into rotational, choppy tape, she shifts strategies before taking unnecessary drawdowns.

Adapt to the regime.

[James Clear @JamesClear]

The sooner you make a choice, the sooner you can make an adjustment.

[jo johnson @josbjohnson]

the trick is having the courage to live through a chapter you hate without letting it poison your belief in the story. even in the middle of something painful, you can hold onto that deep pull toward what your life could become. so much of life comes down to your ability to keep believing in what you cannot see yet, to keep faith in the story while you’re still living through the parts that make it hard to believe

[Nick Drendel @NickDrendel]

Where have I seen this before...