Trading Psychology Rant & BTC Scalp Recording
Added 2024-11-26 23:03:43 +0000 UTCComments
I can't believe how hard you are on Bill. It's only 5x leverage. Shit, my homie in the UK gets 5x leverage for stocks on Etoro and laughs at me and our RegT. I'm getting 26x leverage on an /ES contract. That's without options, mate. Trading order flow on that is like playing Olympic level Dark Souls. But then I'm more of a James Dalton guy than a Ben Graham guy. I just made the 2% rule my religion. Instead of scaling into winning positions, I focus on scaling out of losing ones so I dont clip my stop. And I take profit when Im 2% up for the day. Another trick I do is use DoctorOfCredit.com to trade bank signup bonuses like a proper degenerate. :P There really is a kind of magic that happens when you stop giving a fuck about the big swings up or down too, and just focus on steadily raising your equity curve. Really appreciate seeing everything I missed on your journey off of youtube. Can you make a joke about Joseph Carlton in one of your videos?
Zack
2025-02-14 08:48:43 +0000 UTCWhen I was a child, I spoke as a child, I understood as a child, I thought as a child: but when I became a man, I put the minimum required to pattern day trade in an Interactive Broker account.
Zack
2025-02-14 08:39:28 +0000 UTCof course you like Patrick Boyle too. hahaha. Wow, the Youtube algorithm has me pegged.
Zack
2025-02-14 08:37:40 +0000 UTCDoes Polymarket have an developer portal and an extendable API? We could visualize the order flow for all of these as a heatmap and it would be so much easier on your brain than chunking all these numbers. I wonder if theres an MBO equivalent. I imagine you have a few more developer resources/friends than I do at the moment; my primary business is still focused on Android app development. Alternatively, do you have any UX/UI designer friends through your Patreon, or anyone who pitched you on graphic design for your videos?
Zack
2025-02-14 08:34:02 +0000 UTC"market can remain irrational far longer than you can remain solvent"...
KruczEEk
2024-12-27 19:05:53 +0000 UTC"The Playbook" by Mike Bellafiore is good if you want to understand daytrading stocks, "Positional Option Trading" by Euan Sinclair is good for options. Unfortunately I haven't found any books that really talk about arbitrage/market making applied at a retail level
Ben needs your money
2024-12-19 00:30:39 +0000 UTChey just anything really trading related. I am very new so it doesn’t really matter to me I just enjoy learning.
Fresh Zander
2024-12-19 00:24:19 +0000 UTCHey no worries yea intelligent investor is one of classics for value investing. As far as trading I'm not too sure? Any kind of trading specifically? There are a lot of books that go into theory but don't teach you anything about making money lol
Ben needs your money
2024-12-19 00:22:22 +0000 UTCTbh I'm not really sure haha. Also I saw some analysis that basically even if you know valuations are ridiculous, it's near impossible to make money from because things can go so much farther than you'd ever imagine. Ironically I think trading on the side of the bubble actually makes sense a lot of the time
Ben needs your money
2024-12-19 00:20:30 +0000 UTCHey sorry to bug but do you have a top 5 trading/investing book recommendations
Fresh Zander
2024-12-17 05:24:54 +0000 UTCHey Ben, do you think there is a possibility of an overall bubble burst on US securities due to the all time high positive sentiment for constantly buying more and more equities while they keep hitting all time highs every week. Everything is overvalued, everything’s just keeps going up. Earnings calls don’t even matter anymore, companies can beat earnings by massive margins and their stock can go down, I can’t see this continuing much longer.
Tom H.
2024-12-09 08:23:36 +0000 UTCBro I Took a trading course It was like taking the red pill from matrix
allan
2024-12-02 22:30:33 +0000 UTCThat has been shown to work I think the supply/demand imbalance for options before earnings just takes a few weeks
Ben needs your money
2024-12-02 01:21:53 +0000 UTCAround 10k and about 2k
Ben needs your money
2024-12-02 01:20:40 +0000 UTCBen, I get how selling volatility through earnings (straddles) will give you a positive EV. However, how is it possible that buying straddles 2 weeks before and earnings announcement and selling the day of the announcement gives you a positive EV? How is it possible that option sellers are not pricing in the anticipated volatility increase until the day prior to the announcement?
Héctor Escuder Sáez
2024-12-01 14:42:23 +0000 UTCmake discord ! it doesn’t have to be heavily moderated or like a super fancy community just something to talk betting markets and trading
Varun Kandoth
2024-12-01 06:41:12 +0000 UTCWords of wisdom: "You're only as good as your most idiotic decision on your worst day"
Tom Boshoff
2024-11-30 20:11:40 +0000 UTCI think the advice at the end is gold. There will always be another opportunity. So many people fomo online about all the shitcoins, yet another shitcoin just gonna come.
赌Wei
2024-11-30 19:08:40 +0000 UTCHow much money did you start with and what was the net of trades?
David Tautkus
2024-11-29 21:40:46 +0000 UTC"I lost money, but what I'm doing makes sense." Brother you have hit upon a very powerful insight there. It's kind of the flip side to "the market can stay irrational longer than you can stay solvent." I don't mean that sarcastically, either: if you can recognize yourself straying too far from either guidepost, maybe it's time for a break.
Andrew Roby
2024-11-27 15:38:56 +0000 UTCJust meant to blur my balance it's Kalshi
Ben needs your money
2024-11-27 15:26:34 +0000 UTCBen finally read The Intelligent Investor
Tom H.
2024-11-27 04:52:10 +0000 UTCwhy'd you blur the website you're using?
Vihaan Singla
2024-11-27 04:38:17 +0000 UTCfooled by randomness good read for traders
Ben needs your money
2024-11-27 03:59:47 +0000 UTCBuild systems, take time, leverage to the tits.
c
2024-11-27 00:37:02 +0000 UTCwhat book were you referring to at 5:00
Fresh Zander
2024-11-26 23:45:24 +0000 UTCThis is really interesting.
Izo Sai
2024-11-26 23:18:05 +0000 UTC
![Murasaki [ムラサキ]](https://nokimo.com/istorage/44954.jpg)
![✪ .z [ ⭐️boy ]](https://nokimo.com/istorage/55080.jpg)
