The Mind of a Day Trader

  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...

  Since we're in this enviornment, and today it's VLCN, there's a few very simple rules to understand. Most of them, now ingrained in my brain not from someone telling me or warning me, but by stepping in front of absolute freight trains and blowing up in the past.  This applies to long side or short side, whichever you prefer, but especially the short side. These are NOTHING to fight with. Ever. Most will die, but you're gonna run into one eventually that doesn't stop in the 20s or 30s, it's gonna go to 50. Or 80. Or worse. It will happen. So when you're here, the only word you need to remember and focus on...is papercut . It's your best friend. It's the only way to be safe. You've gotta be okay with being wrong, likely multiple times when you get the real crazy one, before you're right. The downside of the real crazy ones? More papercuts. The upside of the real crazy ones? The "really right" last time, is really, really fucking ri...

Giant smile on my face when I woke up to this thing today. First thing I'll mention, is something I said in the last post, about why I stopped everyday trading a few years ago, about not being "plugged in" to what's going on. If I just sat down today after not being here for a week or a month and saw this thing, I would have had a general idea, but not confidently known what to do with it. Point being, we're seeing one of these every day lately it feels like. A sub 1M float complete and utter shitbox just absolutely skyrocketing to the moon for no reason whatsoever. And they're beautiful ending in total destruction, as they should.  I was up early this morning, it was just before 5am. Scanners, empty. DAS Top List, empty. Just this one name NUWE, already traded 1-2 million shares by 5am, I check under the hood, garbage, 500K float if that, great. Nothin else going on. Not many people even awake yet. And it's the literal only thing to chase once they do wak...

Alright. We're back! I hope everybody has been profitable and well. I’ve never stopped trading, just picking my spots few and far between when time allowed in the background. Now finally in a position to jump back in with the community and be more present.  I realize I'm probably largely speaking to a new audience, a lot can change over 5 years. So if you're one of the OGs, you'll hear some familiar things. If you don't know me, nice to meet you, and I hope you find my ramblings helpful in some capacity.  Interacting with the trading community has always been one of my absolute favorite parts of the game. I learned so much this way when I first started out 15+ years ago, and I have always made it a point to try and bring that full circle and offer any input I could to those early in their journeys, and the whole reason I started this blog to begin with many years ago. So I'm very excited to get back to that, and my DMs are always open @DGTrading101 on Twitter. X...

"The god Prometheus stole fire from heaven to give to the human race, which originally consisted only of men. To punish humanity, the other gods created the first woman, the beautiful Pandora. As a gift, Zeus gave her a box, which she was told never to open. However, as soon as he was out of sight she took off the lid, and out swarmed all the troubles of the world, never to be recaptured. Only Hope was left in the box." Today I'm going to tell you about a single day that changed my life trajectory forever. I'm going to tell you a lot of things today actually, but that is the centerpiece. It's going to start off rather heavy, but turns into what I hope is a very valuable lesson about much more than just trading. I've started and stopped writing this post multiple times, but I think now over a year removed from it, the clarity and lessons I've extracted are too valuable to keep to myself. If you've been following me since my incepti...