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Everyone will say my pas, xcfvgbh, Potters Bar (2025)

11/08/2022

Short NQ. +300п. ($6,000 per contract). Intraday. Have a good weekend everyone 🤝

11/08/2022

Concentric approach: how to master the trader's knowledge faster

To work successfully on the exchange market it is very important to have a good trading knowledge (https://t.me/monstertraders/4184), i.e. to accumulate practical experience. But without a solid theoretical basis it's difficult to have a positive experience: you will mess up on elementary things. What if you don't want to spend years accumulating knowledge? Is it possible to optimize this process?

There is a good principle of educational ergonomics - the concentric approach. They say it was used by Leo Tolstoy (maybe they are lying). The essence is this: you don't just collect knowledge, cramming into your head everything that a textbook or another book gives (linear principle), and take a single topic that you want to learn, and isolate its main idea, the concept. Then you begin to expand your knowledge on this topic, using all the materials you can reach. Textbooks, encyclopedias, articles... From books, you take only those chapters that relate to the topic you're studying.

As a result, a gradually expanding body of knowledge begins to take shape. A kind of information clump. Concentration on a narrow question does not let you get distracted, you do not forget what you have learned (which happens when jumping from topic to topic), you are immersed in the subject. Memory works better, because knowledge is rammed into the prepared cell, not mixing with other information. Associative connections come into play: the new clings to what has already been learned.

For example, you have chosen a topic - support and resistance levels. And you begin to develop that mine, digging deeper and deeper.

True, to begin with you will still need to learn the "beginner's base" linearly. That is, get an idea of the subject as a whole. Without this, your "balls of information" will hang out in a vacuum, with no connection to each other.

11/08/2022

Long NQ. +429p. ($8,580 per contract). Transaction 23 hours.

10/08/2022

Who dies poor? Jesse Livermore's stern opinion

Successful people are forever being bombarded with questions about "how to get rich." Attacked by relatives, acquaintances, journalists... Jesse Livermore, that "speculator boy" (https://t.me/monstertraders/3204) and
the great "bear" (https://t.me/monstertraders/4056) who snatched a giant piece of the pie from the jaws of the 1929 stock market crash, was no exception. He was constantly being asked how to succeed, how to make "some money" in the stock market, how to make "a lot of money" (depending on the appetite of the person interested), and all that sort of thing.

One day Jesse got it all at once. In his book How to Trade in Stocks (https://www.amazon.com/How-Trade-Stocks-Jesse-Livermore/dp/194696302X).

Except that the hardened cynic that this cool and successful speculator has always been, used the opposite method. Instead of telling what character traits one must have to become a stock market millionaire, he informed about people, for whom this dream would never come true. And he singled out two categories of those who "will die poor.

First, they are stupid, lazy to think characters. Someone may exclaim: "Well, it's obvious! What a revelation of the century..." But Livermore made an important clarification: "low emotional balance" would also prevent success in stock trading. Now this is more interesting. Usually, the advice to traders is written about the need to control emotions, but the Great Bear's wording is somewhat different. And here I recommend remembering the post about a recent discovery by neuroscientists: emotional problems interfere with decision-making (https://t.me/monstertraders/3923). Also, emotional lethargy is bad for motivation and does not allow for risk-taking. Therefore, people with low emotional intelligence are bad stock players.

Jesse Livermore, not being a neuroscientist or conducting experiments, noticed this a hundred years ago! He was just a very observant man.

But it's no coincidence that the famous trader talked about balance. Excessive emotionality, leading to excessive risk, excitement and hasty decisions, is not good for the market either. And the second group of people who "die poor" are the adventurers.

Here Livermore made another important clarification: those who seek to get rich quickly. A hint of adventurism was also in Livermore's own character (indeed, he was quite an adventurer!). But... an adventurer with a sober mind. And this man, who left behind a grandiose fortune of $80 million (more than a billion in today's money), warned all impatient that he wouldn't give advice on how to make a quick score.

After all, explaining "why not" in this case is like seriously answering the question, "How do I make some quick money in law or surgery?" And old Jesse, having reached his ripe old age, stopped answering stupid questions.

10/08/2022

Short NQ. +375п. ($7,500 per contract).

10/08/2022

If you know how to count to 7, stop at 3.

This saying has been attributed to cowboys and Indians. But I think it could have been invented by a stockbroker in Chicago, New York, or Boston. It is perfect for the market.

The saying has several interpretations, but in general it boils down to not spending all your resources in one fell swoop. You shouldn't put all your cards on the table, for example. You don't want to waste every last penny in the saloon. And when shooting with a revolver, it's better not to load the whole clip at once: there's a risk that in a fit of temper you won't hit anything and you'll disarm yourself in front of your opponent. It's better to hide behind the corner, wait for a good moment and hit for sure.

In general, leave something in reserve. Bullets, trumps, dollars.

Now back to the market. Here it's the same: if you trade with all your money, if you aggressively, emptying your deposit, if you cheerfully put 5-10-20% of your capital per trade, if you cheerfully and lightly shoot the bottles at the bar... If you bombard with deals, forgetting about the control of risks and your own limits, you will soon be asked to leave. With a kick. The cowboy hat will fly out after you.

Or maybe it won't - it will be taken away with your pants.

Can you count to seven? Learn to count to ten, twenty, one hundred, one thousand... But when it comes to spending, stop without reaching the limit. There should always be bullets in your revolver.

10/08/2022

The Three Percent Rule from the Wolf of Wall Street

You have to admit, it's frustrating when you've done it, you've tried it, you've spent your money, your energy, your nerves... and then someone else gets all the bang for his buck, isn't it? It's not just offensive, it makes you furious! Tons, megatons of hate!

This is exactly what happens to traders who do not survive the first, most difficult period of work at the exchange - and give up. The most annoying thing is not even their own defeat. And the fact that your money will be used by someone who didn't give up and stayed in the market.

Jordan Belfort, in his book "The Wolf of Wall Street" (https://t.me/monstertraders/4276), which was the basis for the famous movie starring DiCaprio, derives a cynical formula for failure and success: "97% of people who quit too early work for the 3% who didn't.

The exchange mechanism is ruthless. The exchange does not print money; it merely redistributes the funds deposited by traders. If John makes a profit, then Pete suffers a loss. And in fact, the vast majority of "lemmings" lose their deposits. Their dollars flow into the pockets of the stockbrokers.

There are many things to be depressed about, but at first glance pessimistic Belfort's phrase contains... the secret of success. And it's pretty simple: don't give up (https://t.me/monstertraders/1541)! You'll lose if you quit. You will be one of those 97 out of 100 people who gave their money to three lucky ones, and you will be bitter and angry about the day you decided to trade in stocks or futures.

But you might find yourself among the lucky trio, for whom those losers' money is working. If you have the strength, the patience, the stamina.

The good news is that everyone chooses whether to be in the 97% or the 3%. Which way are you going? Are we on the right track?))

10/08/2022

Short NQ. +241 p. ($4,820 per contract).

10/08/2022

On the Wave of Success: "Mow while it's Hot, or Walk Away with the Money While They're Letting Go?

One of the secrets of success as a trader is reacting competently to the randomness of the market. Sometimes, you may be caught in a downward spiral, in which situation it is better to take a break. (Sometimes the opposite happens: you're lucky!)) Luck is smiling, the sun is shining, great deals follow one after another. In this case... And as for what to do in this case - the opinions of experienced traders differ.

Some believe that trading in the lucky streak is dangerous because there is a risk of succumbing to euphoria (https://t.me/monstertraders/1179) and catching a "star". In particular, Mark Douglas warns about this (https://t.me/monstertraders/4047): the trader begins to feel like a superman, and this leads to loss of control over the risks.

But there is another opinion. Jon Markman in his book "Swing Trading. Powerful Strategies to Reduce Risk and Increase Profits" (https://t.me/monstertraders/2615) quotes Chicago trader Richard Rhodes as recommending that during good times, you increase your bets and trade aggressively. "Mow the grass - while the sun is shining," says Rhodes.

So who's right? Both are right in their own way. Indeed, there is such a state of courage, of flux, when everything succeeds. Decisions at such times are made instantly, but turn out to be right - intuition is at full throttle. But it's like dancing on a tightrope: you can't keep your balance, you lose your rhythm - and bang, bang, oops.

This is why Rhodes' advice can only be used by professionals with a well-tuned intuition, who know the market and understand when they can go forward and when they have to tell themselves "enough". For beginners, however, such actions are strictly contraindicated, there is only one recommendation for them - Douglas.

And, of course, trading during successful periods aggressively and with fire, you need to remember about risk control. If you think you can increase the pressure on the market at such moments, it is worth to make a plan of action in advance and set limits for particularly good weather.

Professional traders who have formed their own trading style can use special strategies for periods of downside and luck. Professionals are allowed a little more than beginners)))) And for beginners... And beginners should trade as disciplined as possible in order to become a pro - and fine-tune trading rules for themselves.

10/08/2022

Let's "mow the grass while the sun shines" (https://t.me/monstertraders/4282) 😎 Short Nasdaq. +250п. ($5,000 per contract). Trade 4 hours.

10/08/2022

On Poverty and Wealth. The opinion of the wolf of Wall Street

Psychologists argue that people have two pathological extremes: adoration of money and contempt for it. These emotional reactions are on different poles, but they have the same root: the demonization of money. Only some people believe that this demon will satisfy all their desires and passions, while others are afraid of it.

Can we do without the extremes?

Jordan Belfort, the famous "Wolf of Wall Street," the author of the book of the same name (https://t.me/monstertraders/4276) and the hero of the movie (https://t.me/monstertraders/2371) of the same name, said an interesting phrase: "There's no nobility in poverty. I've been a poor man, and I've been a rich man. And I choose rich every fu***ng time. I've been a poor man and a rich man. And I choose rich every fu***ng time.)

Indeed, members of the "convinced poor" camp often engage in self-deception, ascribing to themselves a kind of high-spiritedness and to the rich, respectively, heartlessness and all sorts of vices. There is even an expression "poor man's pride" (though it is rather a type of pride). From this position, many justify their laziness and lack of initiative: "But I'm a good person!"

Belford, on the other hand, after escaping poverty, discovered that wealth also enables you to be a good person: "Money is not only a good life, good food, good cars, pretty girls. With money you become a better person yourself," claims the Wall Street wolf. Oops! How's that? It's simple: if you have money, you can become a philanthropist, donate, help... "You can save the spotted owl from extinction," finally.

And if you have no money, how will you save that owl?

Proud of being poor and doing nothing, a person can't even help his family. Can't provide for his children's future, can't help his elderly parents. What kind of spotted owl is that?

Belford made a very important observation: where you spend your money when you have it is up to you. That's when you find out if you're a good person.

However, Belford himself could not resist extremes. The demon of money won him after all.)

This demon wins whenever you let it take over your thoughts. When you fear it and when you worship it. When you hate it and when you adore it. Now imagine that you hate... the screwdriver. Or worshipping... a hammer. Ridiculous?

Don't demonize tools. Hammers, axes, knives, screwdrivers, money. Use them.

Everyone will say my pas

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