Posts

The Age Old Question: Is there a RIGHT Way To Trade?

"There is only one side of the market and it is not the bull side or the bear side, but the right side." - Jesse Livermore 

























Disclaimer: This is my opinion on a number of things, including whether or not one way to trade is right or wrong, better or worse, morality in the game, agendas, groups of people in the space, etc. It's not meant as an open discussion for you to send your refuting points flying back at me - I'm not arguing with anyone in this post, and it's not directed specifically at anyone. I won't read or engage with them, I'm just sharing my thoughts on the matter here. If you don't like it, then don't read it. This is a free country - you are allowed to call me an asshole, X out of the blog, and leave if you so choose - because I'm going to be pretty raw and honest in this one. Some of the things I say may come off as emotionally driven, but I want you to actually think about it before blurting out the first reaction you have, and yo…

2017 Year In Review

Image
What a year. So much happened this year, I don't even know where to begin. I'll start with a quote.

"Life is 10% about what happens to you, and 90% how you react to it."
That is one of my favorite quotes of all time. I've got a massive binder/scrapbook filled with quotes that I've been collecting for over 10 years now. I'll share some of the pages on my Twitter in the future, lots of really good nuggets in there. But that quote in particular means a lot to me. It's extremely relevant to a traders journey, and it's a large reason why I'm still here today - doing what I love & building my own dream, rather than working for someone else and building theirs. 
To reflect on that quote - you should live your life & trading with this in mind, in my opinion: "Nothing is ever as bad as it seems." We'll take a bad loss for example. Right then and there after you take the loss, that's as bad as it's ever going to feel. The pa…

How to Effectively Network & Connect with Other Profitable Traders

Hey guys. I got a question the other morning from a trader who's struggling to "break into the community", he says he's been trying to contact other profitable traders and guys he wishes he was friends with. However he isn't getting a very welcomed response from these guys, he doesn't know why, and he is frustrated.

So. How do you work on this? I'll use my personal story of how I did it to kind of narrate a general guideline of what it takes in my experience. The amount of effort and work involved is astronomical, so be prepared for that if this is the route you're going to try and take. I'll explain how I went about building a follower base, and how I was able to create friendships & trading relationships with some of the guys who I considered "idols" when I was starting out.


Q: What is the most effective way to network?

A: Know somebody. They'll plug you everywhere, introduce you to the right people, and give you immediate cre…

Why Investors Underground?

So I've been getting some interesting DMs the past day or two, in reference to me joining the Investors Underground team. These individuals largely know me as an "independent" since my inception - I've never attached my name to anyone, so why am I doing so now with IU? Lets clear a few things up.

For starters, I will NEVER stop producing free content for the trading community. Ever. You can hold me to that, it's a promise. My IU Watchlists and Blogs will always be free content available to everyone.
If you've been following me for a while and keeping up with my journey via the blog, then you know I am many things. However one thing I am not, is a bullshitter. I don't sugarcoat anything, I don't tell you anything I don't actually believe, and I don't tell you trading is easy, is a matter of fact I go as far as saying it's downright one of the most difficult things you could possibly try to do for a career. Point being everything I say is wi…

Responses To Trader Q&A

Image
Hey guys. Thank you to everyone who submitted a question on Twitter. I'm going to go through them all here and touch on each one briefly. Lets get right into it.

_________________________________________________________________________________

First off regarding screens, a few months back I bought one of these and it was the best decision I've ever made, the thing is just absolutely fantastic. Highly recommend if you've got a bunch of smaller monitors cluttering your desk, this replaces 4-6 of them. Buy two of these and you're completely set. I run 8 separate virtual screens on just one of these Dell monitors, and I've got a few different things up. I have DAS and Sterling up which take up about 50% of it. I watch 8 charts at a time, more than that I find to be a distraction. I use DAS for executions & charting, and Sterling through another account just for executions. Sterling charts suck. So 50% is taken up by 8 charts & montages, the rest is separated. …

Follow up to Margin Post: SNAP Short Trade

Image
So today I did exactly what I told you not to do.I went full-on, balls deep, max margin on one name - nothing but SNAP, SNAP and more SNAP short for me. Let me explain why I did it. 
Disclaimer: Again here I'm not talking to the beginner trader anymore. This is just me talking about my style now, so please read it in that context. 
Why size? 
First of all, the liquidity was there to do this today. Don't go randomly taking 20-30-40K ss of some smallcap low float stock where 100 share prints are moving the bid & offer. That's an absolute nightmare. For SNAP today though, you could take whatever you wanted and get in and out very easily, so it worked in that sense.

I'm glad this happened today, because it was perfect timing to build on that entire blog post I just wrote last week on how to use margin. Let me just say this is not a normal trade for me. I don't do this on a daily basis (have 0 BP constantly) However, I do 100% identify as an aggressive trader. I'm…