I know that the economy is fucked up right now and many of you have lost your jobs. But I keep seeing soooo many people looking to the market right now as if it is the answer to all of their problems. NOTHING could be further from the truth.
Don’t get to dress up and go out too often these days. But tonight I’m celebrating the Marine Corp’s birthday with my beautiful wife and her squadron.
#GratitudeIsTheAttitude
If you’re a struggling trader and you’re serious about making it in this industry, then watch this. I have no affiliation to this gent. But it resonates. Watch all 8 clips. It is the REASON why I believe so deeply in the
@TrueTraderNet
methods.
Kill the ego. The best traders I know are 20+ years in the game and always looking to learn. You look really dumb to be 5yrs in and think you have it all figured out.
The moment you begin to take 100% full accountability for EVERY loss you take, is the moment you can finally begin to learn how to trade. There are no exceptions
It’s funny how we know even the A+ trades fail from time to time (no setup is 100%) yet we still constantly fuck around with B-/C+ setups only to regret it later. Trade less, make more. Really only takes one thing: DISCIPLINE
Traders should start to think of theirselves as NFL field goal kickers. You do hours and hours of work to perform for about 5mins of game time. The real work happens off the field. When it’s crunch time, it’s just about execution
Personal reminder that thought was worth saying publicly: you are not your job. If you crush the market, it doesn’t make you a badass. If the market crushes you, it doesn’t mean you’re a pos. You want to be a badass, be a good father/friend/human. Have a great weekend everyone
Food for thought: if you make money from an undisciplined trade, is that amount of money enough to cover the losses you will take in the future from repeating that behavior?
I’ve got news for ya,
It ain’t about this trade
#disciplinepays
After quite the break from putting these out, I've finally released a new one. This should have been the pilot episode.
Why Fundamentals Could Get You Killed - How to DDig with Ricky Analog - Ep. 12
1 of my uncles passed away last night. I keep trying to feel sad about it, but find it impossible because he literally lived a life that most would dream of. Wasn’t rich, but he did everything he wanted. Skied, hunted, fished, traveled. May we all live lives the way he did!
4 my fellow smallcap shorts out there, here’s what’s been working for me to long trash:
1. Identify trash starting to move on volume, preferably with a headline
2. Listen for the voice in your head to say, “I’m gonna short the piss outta this”
3. Immediately hit the buy button
Imagine not TRULY understanding the way stocks move & blaming everything on manipulation. If you don’t speak the language that the author is writing in, then no shit you’re gonna have problems comprehending. Yet here most traders are, still clicking away praying they guess right.
#FinTwat
is full of people flexing their overly priced watches. This was a Xmas gift from my 14yr old daughter that she bought with her own money. Worth more than any Rolex or A.P. This is a REAL conversation piece.
#GratitudeIsTheAttitude
Sadly I still hear a lot of guys say “I only trade small caps. I stay in my lane.” How many $MRNA ‘s you gonna let pass you by before you learn to remove the $ sign from the chart and realize that stocks move the same, regardless of price? Stop limiting yourself
Starting a new web series of vids on basic SEC file reading. Welcoming all feedback and suggestions for future topics.
How to Identify an S-3 that can be Used - How To DDig - ep. 01 via
@YouTube
This shit is hard as fuck. And it takes years to figure it out. Many of us have been consistent for long stretches and still get humbled from time to time. This is a marathon, not a sprint. So start to ask yourself the tough questions. I don’t mean to scare you away from this
Been hammering this a lot in our chat and it’s def worth a Friday tweet: spend your weekend focused on loved ones and family. Trading is a means to an end, nothing more. Charts and research should always come second to building memories with family. Stay safe, spread aloha.
People keep asking me shit like “yo, I have $1500 in my account, how long till I can reasonably expect to pay my bills from this trading thing?”
It saddens me. I’m not putting down small accounts. To many, that is a lot of money. But for god sakes, don’t lose it to the market
& if you think that you are going to waltz in here & take money from people that have been doing this for decades all while trading from your living room in your pajamas, you’re about to learn a really tough lesson, at a time when another hard lesson is the last thing you need
Always. ALWAYS. ALWAYS remember, that your job is a means to and end. You are not your job and your job is not you. There are things in life with much more importance. Please remember this as you begin your weekend and surround yourself with those that matter most.
#EndOfRant
Seasons greetings. Hope all of my trading fam is enjoying the time away from the screens & some quality time with the people that matter most to them. 2019 will be an epic one, I promise. But always remember to not rush things & to enjoy the journey. Life is short
#LiveLaughLove
A lot of struggling smallcap traders would benefit from trading large caps until they truly learn the mechanics behind the way stocks move. Once you get your bearings, transition back. What you’ll find is that you can trade large caps till there is true A+ setups in smallcaps.
things I KNOW:
where I will enter
where I will stop
where I will take profit
things I DON'T KNOW:
what price will do between my entry and my stop/target
what news headlines may come out
and a million other things
I only care about the things I know
I’m a skateboarder. I’m a dad. I’m a husband. I’m a lot of things before I consider myself a trader. You are NOT your job. Go live your damn life. Have a great weekend!
#GratitudeIsTheAttitude
Hope everyone is having a great weekend. I wrote up a quick article answering some questions I've been getting about $IGC. Give it a read and share it with everyone. Retweets make the dreamwork, or something like that. Haha.
Next ep. of “How to DDig” will cover something I’ve been asked by a LOT of people.
“Hey Ricky, what’s your step by step process to doing a ‘quick-n-dirty’ ddig on a ticker?”
Will be out VERY SOON!
If you’re not using this market correction to study how you will take advantage of it when it finally ends, I don’t even know why you’re involved in markets. You have historical reference points to see exactly how this has played out multiple times before. Put in the work
So we bought a house down in Florida on a golf course and my wife is retiring here in a few months. And now, all of a sudden she’s starting to get into golf ⛳️ Am I dreaming? 😂
What an amazing end to an epic week. This is one of those moments that has the ability to make any worries in the world just melt away. My lil girl is no longer a kindergartener. There are no words.
#GratitudeIsTheAttitude
A smart trader can tell you to be patient.
But a WISE trader can tell you what to patient for.
Hard to be patient for something if you don’t know what that thing is.
Only way to know is to DEFINE every part of your system.
I don’t know how much $ I left on the table today, but you can’t take it with you. Pretty sure this was the best trade I made today.
#GratitudeIsTheAttitude
If you see a bully punch another person that was just minding their own business and living their life, and you don’t rush to aid them and protect them, then you’re a scared little bitch and have no morals.
#StandWithUkraine
🇺🇦
Dear
@TradeZer0
, please fix the way your charts display executions. They are hideous and confusing. I’m tired of a bunch of my friends having to feel embarrassed to show some of their great trades. They shouldn’t have to suffer any longer.
So there is a new “How to DDig” coming very soon. Just want to spread the word so when it comes out we can get some traction on this. Been a hot minute since I dropped some bamsexual nuggets, but rest assured they are coming. Spread the word
Tough day for my system. Ending just about breakeven on the day. 2 major takeaways:
-breakeven being a “tough” day is such an amazing thing
-notice I said tough day for the SYSTEM, not for me. Biggest benefit to defining your system; a complete disconnect from the outcome
Thru a quick vid together to help people avoid a problem I saw early this morning when people were ddigging on $NERV
How to DDig Pro Tip
#1
- Knowing Which Filings Go Together
Just like in trading you need an edge in life. Let your mental strength be that edge. The edge that allows you to take small losses in life and be fine with it because you know over a large sample set you will win more.
Best advice I can give you:
STAND ON THE SHOULDERS OF GIANTS
There are absolute fucking beasts out there that are more than willing to guide you. You just have to know how to show them you are deserving.
#noexcuses
You won’t see me playing the lottery. I already won the lottery once by being born (especially in the US). If you can’t do something with that then what makes you think winning the lottery again would change anything? Stop taking your blessing for granted.
NEVER EVER forget that ANY trade can take you out of the game if you let your guard down. Trading is easy when things are working. But what counts is doing the right thing when it’s hard.
#RiskManagementOverEverything
Never thought I would have to explain this, but…
…as a stock goes lower, shorts are NOT “fucked” or “scared.”
How in the world is it possible that I keep hearing this?
This is my wife her first year as a Marine. Over 16 years later and she is still just as much of a badass as she ever was. Thank you for all you do and happy bday to all the
#USMC
. 244 years strong.
#SemperFi
I love that my son is still young enough that he WANTS to match with dad. I know that won’t last forever so enjoying it while it does.
#GratitudeIsTheAttitude
this $AMC trade is hilarious because I had orders in at these levels while me and the wifey had been driving around looking at houses. Didn't see the chart till I got home after the market had closed.
#MindBlown
Scumbag playbook 101
1. Announce merger w/ special worthless divvy
2. Ink $100m atm w/ Roth
3. Tell everyone not to worry cuz you wouldn’t dump it on retail prior to merger
4. Dump it all on retail knowing they won’t sell cuz of “divvy”
5. Add xtra $150m to atm
6. Repeat
$TRCH
Things I don’t know
1. If price will go up or down
2. How high/low price will go
Things I do know
1. How to size a position correctly
2. When I’m wrong I will
#GTFOH
quickly
3. When I’m right I will let my winners run
just had an amazing dinner out with a friend that is a legend of a trader. He kept asking me why I was on twitter. a few reasons: 1. i feel like there are a lot of lost traders on here that I might be able to help even in the least bit. 2. trading is a lonely biz. 3. I.DONT.KNOW
Weightlifting has a lot of parallels with trading. One of my favorite ones is that your only competition is the mofo staring back at you in the mirror. 🏋️♀️
Stressful day. Let’s see if we can have a heart attack. 😂 Lunch date with my Kaia bear. Her choice and if you don’t know bout
@Raising_Canes
you’re missing out.