▲ 26 r/qullamaggie
"Shut up and make money!"
Kris had a lot of great and quotable lines. But of all of them, this is probably my favorite. "Shut up and make money!"
Whenever his chat was whining, making excuses, fearmongering about macro, he would hit them with this line. "Oh no the jobs report! Oh no interest rates! Just shut up and make money!"
I've been hearing a lot of these excuses around the sub lately. Actually, it's not even lately. There is always someone whining in the comments. "Now is not the time to buy breakouts." Why not?
Let's compare SPY and IWM today. SPY is admittedly weak. Failed the 10, the 20, and now the 50ma. IWM on the other hand is strong, trading above all moving averages. If you don't have a multi-million dollar account then you should be following Qulla's advice and trading high ADR stocks which are mostly small caps.
If you are trying to trade popular megacaps like TSLA, MSFT, GOOG, then you've been having a bad time. But we are still in a bull market for small caps, and if you've been finding some with relative strength, you are still doing well, even today.
Do you own EVC? If not, why not? Nice tight flag. Riding the 20ma. ADR of 8. It's now up 30% from breakout. So if you don't own it, why not?
"It didn't show up on my scanner." Well then you scanner is broken and you need to fix it.
"It wasn't a 5 star setup!" So what was it, 4 star? Why couldn't you buy it? Don't make excuses.
"The market is weak, bad time for breakouts." No, it's a fine time for breakouts. If the market is pulling back a bit then it is consolidating, and a flag is literally consolidation.
Do you own LION? If not, why not? This was a nice setup. Riding 20ma support, volatility contraction, etc.
Do you own BBCP? It hasn't show much follow through yet, but that's a beautiful high-tight flag off an earnings beat with support at the 10ma.
Do you own WEST?
No excuses, no whining, no sitting on the sidelines all the time. Listen to Kris. "Shut up and make money."
u/OptionsTrader14 — 10 days ago
▲ 0 r/thinkorswim
How do I fix alerts being so far off drawings?
Been ignoring this for years because it's just a visual bug and alerts still work but this is very extreme...
u/OptionsTrader14 — 11 days ago
▲ 2 r/stocks
I can't beat the market. I won't ever beat the market. After years I realize that now. It's VOO for me.
I spent years trying to outperform the S&P. I read dozens of books, studied successful traders. Learned strategies and risk management. Now I realize I simply can't pull it off. After all my efforts I have still underperformed "buy and hold."
Time in the market beats timing the market. That's obvious now. I'm going to stop trying to be "smart" and just do the simple thing. I'm buying a low cost index fund and investing from now on.
That also means I'll be stuck working until retirement. I hoped to retire early, but that's just not in the cards for me. That's ok. At least I'll finally have something when it comes time to retire, instead of being broke my whole life.
If you want to read my failed efforts to actually beat the market, I documented it all on r/4kto1m. YEARS of trades, trading guides, updates, all posted there. After that I tried to start over. I created another sub called r/RothVsSpy where I tried to open a new Roth IRA and beat the market all over again. This has lasted less than 2 months and you can see for yourself what happened. I started these thinking I could outperform SPY. After 5 long years of attempts it is finally clear it can't be done.
Learn from my mistakes. Please.
u/OptionsTrader14 — 11 days ago
▲ 3 r/Stellaris
The combined fleet power of the entire galaxy is not enough to defeat a single FE system. Now what?
u/OptionsTrader14 — 1 month ago
▲ 52 r/qullamaggie
Been an amazing time for breakouts!
Current positions: ARM +55%, DELL +70%, BRUN +56%, BB +37%, XRX +18%, CLFD +4%, NAVN +3%, AAON -1%, TH -8%
u/OptionsTrader14 — 1 month ago