TradeWithSYU @No3With

A trader. Joined June 2020

Tweets

91
Followers

58
Following

165
Likes

76

PL @plevchen

4 weeks ago

See more motivational stuff on fintwit. And the stuff that’s talked about the least is stuff that actually matters. Master classes, interviews, chart peeping, motivational folklore stuff about being in sync with the market. Speaking from personal experience of years being bedazzled by these concepts. I have determined for myself, there’s a big unspoken sinkhole: it’s easy to confuse yourself that you’re growing as a trader because you read and re read these things. It’s not a substitute for real work. In fact, I am now of the opinion it is a distraction, folklore, noise… The most value add thing you can do with every min of your time is: Define meaningful work -> do the meaningful work. What is meaningful work in trading? System definition and design -> this answers to you the question that what you’re doing actually has an edge. Like actually definitively does….. not “you strongly believe it does cuz has a service or has done another interview lauding his performance and that’s what he did”. And then the execution of your system day in day out. Ed Thorpe pointed out in his 1970s book how shocked he was to discover how few people in markets or finance actually spent time researching what works…. Also, just for perspective: Let’s pick a sample of 10k traders. Let’s slice top 1% by performance. “Fooled by randomness” is mega underrated in everyone’s mind. It’s quite difficult to accept that most of what your brain is looking at is noise. But it’s true. In that top 1% unless the dataset is demonstrably accounting for variance eg Market Wizards with decade+ track, and non catastrophic DD… whoever makes it in 1 year and goes on to do a string of interviews about performance, its under appreciated how much of that is pure randomness. A specific sequence of trades which crushes a period of time but may otherwise have sub standard returns. I am not saying it’s not useful or interesting to interview winners. It obviously is. But what’s lacking in 98% of fintwit is some basic understanding of how much variance (colloquially, “luck” or pure randomness) plays a part in any result. The takeaways from real life is that this part is humongous. So what is NOT NOISE in this barrage of folklore, endless trader stories and mindset pep talks: Actual specific tactics or rules or filters or parameters/criteria for situational awareness or context that you can extract to make repeated high quality decisions in trading. Are there specific criteria that help you profile situations better? Unfortunately, you don’t know those criteria work. It’s not a confidence problem ok. You just don’t know what you’re doing works. It’s only normal human reaction if you get put into a situation where you’re flying by the seat of your pants, that you’ll find trading “emotional”. The only way to know is to do comprehensive backtesting. You don’t have to measure everything but you have to track things. “Backside, front side, confirmation”. These are just labels. Theres also an interesting assymetry: What’s easier? (1) or (2) 1) delude yourself into thinking you have a system because you’ve defined some concepts and “setups”. And you see supposed successful traders on fintwit using same concepts so you’re like “this is it, I’m in there” OR 2) take months of full days work of study which requires brain power, attention to detail, meticulous cleaning and filtering of data, charts, PRs, filings, adjusting and changing… So 2) is a road travelled by very few. If you don’t have specific reference points and rules with a historic study of specific parameters actually working, no amount of swing trader masterclasses is going to help. In a way it’s a dead end beyond a certain point of usefulness. The rubicon is deep work and practice. It awaits for you and me and all of us every day if you already started, and if you haven’t - it awaits any day you finally decide to take a true path to mastery.

TradeWithSYU @No3With

PL @plevchen

TradeWithSYU @No3With

Deepvue @Deepvue

TradeWithSYU @No3With

MrBeast @MrBeast

TradeWithSYU @No3With

TradeWithSYU @No3With

TradeWithSYU @No3With

TradeWithSYU @No3With

TradeWithSYU @No3With

TradeWithSYU @No3With

TradeWithSYU @No3With

TradeWithSYU @No3With

TradeWithSYU @No3With

TradeWithSYU @No3With

TradeWithSYU @No3With

TradeWithSYU @No3With

TradeWithSYU @No3With

TradeWithSYU @No3With

TradeWithSYU @No3With

_Martin Luk @martnlukkt

Millie @DianeAmmar

Thē ChærtGūy. @ch_artGuys

Dan McDermitt Chart G... @Danmcdermiitt

Alex Desjarddins ✪ @AlexPrimeTradin

BrkouttGaek @ta0956711212

Mikes Websters° @mwe... @mwebstersl97l

David 'Joel Schwartz @JoelKat00

Jæck @alpha_chart365

Alissa C0ram @AlissaC0ram

The Lanto 🧲 @The_lanto_trade

Brett Steenbqrger @steenbqbb

Coach Dakota @CoachBBA

Gia 💖 @AnubhavDasgupt

SallyChesterton @9pGNaF4E1xy765

Gaeeju @Gaeeju5397

Ella @HinDYc8ADkTn8M

Annelise @5zaqC75qv6Oy2

Evan Schunk @eschunk80

Gina Schowalter @GinaSchowa23274

Sasha Chiang @SashaFin

Tom Dante PRIVATE📌 @Trxder_dante

c0nm4nc4ndyta @c0nmancandyta

TessaSu @TessaSu90353732

Mashouth @mashouth66823

FG BetMoon @FBedrijf

Phily @Phily_bin

Evenbread @evenbread

Very Lucky @veryluckyttt

sureshkumar @Smithusur

Noel yameogo @noel_ny22209

franky_five_bagger @BaggerFive

X @youngnoticer

Test @0bxn_test

Chimmy Lin @Peterli96787100

Jerry Lee @JerryLe25155776

Liew Jye @Liew_Jye

hmc @heavensky28

JD Castaneda @JDCastaneda

Pigredlau @Pigredlau1

Brian @Brian53293240

zit @zit1230

Trade The Trend @TradeTrend

hang @hlowe1025

0xHar @Harbee7

Herman @Herman70282243

付鹏的财经世界 @fupenglondon

Userofintellect @userofintellect

Helious @heliousnews

Omar @OhMyOhMar

Finviz @finviz_com

Jensen Huang @JensenHuang

Martin Luk @martinlukkt

The Tail That Wags Th... @TailThatWagsDog

delost @thedelost

Lucas @LucasQin77

TheChartGuys @ChartGuys

Alex Desjardins @PrimeTrading_

VanquishTrader @VanquishTrader