Good trading is actually really boring.
It takes time and experience to understand this.
If you get excited or feel any emotion when you place trades or are constantly looking at P&L, just be aware and know it is most likely hurting you.
One of the most important realizations I've had in my trading career:
Systematic will always dominate discretion.
You should be able to code your system into binary rules. If you can't, you don't have a system. And therefore, are subject to the downside of human emotion.
In my time at UPenn, I collected reading lists from some of the coolest Nobel laureats, CEOs and PhD professors.
4 yrs at UPenn, another 5 yrs distilling, spanning 750 BC - 2025:
The ultimate reading list - condensing an entire liberal arts education into 132 books.
longs:
$CRWD
$RBLX
$SEZL
$ZS
$DAVE
$NET
$HOOD
$CLS
$DASH
$HOOD
$CRWD
$SPOT
$PLTR
$RKLB
$META
I missed some great moves in other names, but still happy with what I've got!
Hardest part about stock world is the massive selection and picking.
Thats why I like boring futures.
Veteran traders always have 2 traits in common: they are very passionate about the market, and they have excellent risk management.
Without passion, losses discourage traders and they quit.
Without risk management, bankruptcy forces traders to qui
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