@TheOneLanceB 4/3/25 - a large gap down + followthrough, confirming downside trend
4/7/25 - capitulatory bottom
4/9/25 - 90 day Tariff pause announcement; engulfed nearly all of the past 5 days
5/12/25 - a stronger confirmation in change of trend to the upside
@TheOneLanceB Is there a "correct" way to interpret the world outside of ourselves? Obviously the interpretation is subjective and personal to each person.
Perhaps as long as it's a productive perspective..
@JB__trades I find it easier to hold focused conversations in rooms dedicated to a smaller number of people.
E.G. if I'm trying review "Ticker of the day" or review DRC's, it's impossible to do it (well) at a scale of 50 ppl vs. 5.
To me, rooms with 50+ ppl are usually just for networking
@1ChartMaster Question if you don't mind me asking: what's your re-buy point (if you have one) when the initial breakout fails like this? Is it the same as the prior breakout point (so ~$68-ish)?
100% agree! While you can find interesting bits of information from interviews, once you’ve gotten the necessary base information, I’ve found that consuming more content like that has diminshing returns.
Especially recently, I’ve found more value in paying attention to current market moves and reviewing/digging into trades
My 2 cents: it's a spectrum, between the most extreme systematic styles ("Does this setup tick all my boxes?") and most extreme discretionary styles ("Is my intuition telling me to get in?").
IMO you could probably systematize most strategies as I'd expect most profitable traders have clear-cut rules of when their setup is viable or not (again, just an opinion). I think in that sense, it's easier to find success being more systematic than pure discretionary.
On the other hand, I think even "systematic traders" tend to rely heavily on discretion for certain things in their system. I bet that's a big part of their edge & therefore a big contributor to their PNL.
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