The Mind of a Day Trader

  Nearly 10 years after starting this blog and almost 20 years trading the markets now, let's check in on some of my favorite rules and thoughts. It's crazy how quickly time passes. This one's going to be all over the place, fair warning. But hopefully in a good way and all useful. Yesterday I sat down at my desk with a completely blank slate and clear mind, no idea what direction I was going to go in, and just started rattling off everything I could possibly think of that I've found to be important or helpful over the past 20 years when it comes to all things trading.  None of this should be considered fact, it's just simply what I deem useful. Everyone needs to find their own truth and identity on this journey, but this is mine. Enjoy.      1) Going to kick it off with the golden rule that never ever leaves the back of my mind, and the single most important skill that is crucial to this game: "99% of trading success is simply learning how to stay out of troub...

  Alright...so some people get upset for even discussing smallcap strategies like this. Because on a relative scale to the rest of the market, smallcaps are easily influencable. By that I mean, if enough retail get wind of the same idea on a lower float/lower volume smallcap name, it can materially influence price action and ruin it. So in the past, I've been super particular about what I tweet about, and when, not because I "want it all for myself" or am greedy or a jerk, but for the simple notion it's an undeniable fact that the masses can change price action on these type of names. The ones with insane volume it matters much less, but still influencable. Is what it is. It's just a fact. So one of the main reasons for even mentioning this strategy now, is because recently I'm transitioning into more largecap trading, for a number of reasons. And it's refreshing I'll be able to document and discuss all that on here with you guys carefree moving forwar...