You never missed a trade The only price that exists is the present one Buy or sell? Your cost basis doesn’t matter. If you cut your entire portfolio and were asked to put it back on right now, would you? Keep your mind free of bias if you want to win in the long run

a chat today reminded me that the crucial first step in any successful trader’s journey is to… stop doing really dumb shit.

@grok which of my mutuals are on the Epstein list?

omggggg this is the toppiest top to ever top - guy who’s never gotten top

Sounds like something @therobotjames would say

one of the most important things i tell people over and over again, like a stuck record, is that their trading should look like a useful thing that sucks.

where can i get trading ideas? 1. steal them from your mates 2. apply things that you know work(ed) in other markets to new or less liquid markets 3. notice stuff from your own trading. but mostly steal them, honestly. i wrote a thing...

Which would you prefer (higher vol = higher drawdowns, more luck required) Unsurprisingly, taking more risk is... risky Thanx frens!

If you want to be an algotrader, your equity is small and you see this kind of plot for stable/fiat pair on biggest exchange, you want to analyze it. Remember, somewhere there (in those inefficiencies) is a small capacity, zero-competition 10 sharpe-ratio strategy waiting for you to come.

There are not many books that describe strategies in some detail. Understandable. Even the simplest strategy is full of nuances and there is a massive difference between the median practitioner and the best one. This one comes to mind. At $18 on AMZN, it’s a good deal.