u/goatnxtinline

I use to never truly understand the idea that you have to trade prop firms differently then a live account. I thought to myself "besides a few rules, the way you trade the market should be the same". And that's where I got it wrong. If you're trading on a prop firm you aren't trading against the market, you're trading against the firm for a payout. The market is just a tool to achieve that goal.

The way you manage risk is completely different then trading on a live account because the goals are completely different. You're not trying to maximize profit as a prop trader, so why are you going for these 100 point trades?

Base hits as a prop trader is fucking goated. Protecting your account by moving your stops to break even is fucking goated. Yes, only take high quality trade ideas. But the most important thing is protecting your account and protecting your profits.

Today is choppy as fuck, horrible price action. I only traded one account today and I'm up $1,100 on 7 trades with no losses. 5 of those trades I got stopped for 1-2 points near break even, the other two made a majority of my profits.

I think two of those trades ended up making more before pulling back and hitting my stop, while the other 3 just went straight to my original stop.

This aggressive way of risk management fits my style of trading and what I want to see from the market when I enter it. Which is aggression, because I'm trying to identify the rotation and hop on to a displacement leg after everything lines up. The way I look at it is if it's going to go then its going to go right away. I can't think of a worse way to spend 30 minutes then staring at a screen while I get chopped up before I eventually get stopped out for 15 points.

I used to trade a lower win rate high reward system where I would take 3-4 medium sized losses and then hit 1 big trade that covered everything and some. To me, the highs are not worth the mental anguish you go through to find that big trade. Because you don't know when or if it's coming at all.

And if you think taking base hits caps your potential then I think you have to adjust your expectations of what you think a successful trading day looks like. I think $1,100 in a few hours is successful. The truth is if I wanted to make more I would just size up, but the way I manage my trades stay the same. I want to keep my targets realistic so I have the highest chance possible end the day profitable.

If you find yourself stressing out when trading try taking base hits and adjusting your perspective about how you can extract money from the market. I swear, it will make you look at trading differently. Then one day you'll wonder why you put yourself through all that shit when you could have just taken profit and moved on to the next trade.

Someone in the comments in the other thread said "Katseye closing over XG is crazy", but if you're being honest with yourself it's not. They are the bigger group in terms of popularity and name recognition globally. It had nothing to do with talent or music, it's all about marketing and virality that got them to where they're at. For HITC to book a group on that scale it's a no brainer to place them as the headliner.

With that said, the quality of XG's set and every other performer was a night and day difference and it wasn't even close. On the other thread I commented how HITC puts no money back into their festival because that stage was bare bones. I was watching the festival the entire day and it didn't feel like it began until XG performed. From start to finish they put on a show.

The choreography, the musicality, the transitions between songs, the outfits, the live vocals. Every moments was filled with something to keep you entertained, there was no down time unless they addressing the audience. Everyone that went to watch XG specifically got their moneys worth.

People that are salty that they aren't bigger then they are has another example with HITC. If you compare their set vs Katseye's that night, which was 4 members doing choreography in front of a wall... you would have thought "why would they have another act after the closer?".

We either have to accept that this is their plateau or AVEX is going to finally market them in such a way that it results in their growth on a global scale. Because I can't watch them shine like that over and over and not get the recognition I know they deserve.

I keep seeing this narrative on social media that the current market is difficult to trade so you should size down and take profit whenever you can. Some blame is on the summer months. And I can see it, it's been consolidating on NQ since early June. But as a day trader I am finding the same amount of opportunities every day. Hell, so far this week I've been finding 50-100 point trades several times a day every day in the morning session.

All you really need is 1-2 high quality trades each day and you can still make money. Are you having issues finding the same opportunities in this market?

When I say accomplished I'm talking about awards, records, championships, hall of famer, infamy, etc. The type of player who's career helped define their era. I think it's obvious that the higher the hill to climb the harder it is and those qualities that made them the king of their hill don't automatically translate as one would think. Then there are other factors like motivation and pressure to live up to their parents legacy. There's a lot going against them.

The first person I think of that transcended their father is obviously Steph Curry. His father Dell Curry had a solid 16 year career, peaked in the mid 90's as a multi year 6MOTY candidate and winner, but he was a role player. Then you look at Tim Hardaway, hall of fame player who made a huge impression in the 90's. His son, Tim Hardaway Jr. is role player with a pretty solid career. Never made an all star, never won a championship. Never got to the same height his dad did.

With that said there are two players from this draft class that I project will have really solid careers, maybe even all star level. That's Cam Boozer and Cam Carr.

Carlos Boozer had a short but good career. Made a few all stars and a 3rd team all NBA, but his son has time on him. Carlos got in the league at 21 while Cam is only 18 and looks like he has a lot of upside at the PF.

Chris Carr was in the league for a short period as well, didn't make too much of a splash with his time. I can guarantee you that his son will have a better career then his father in terms of production and accomplishments. He's already passing the eye test and what he is doing right now in the summer league is disgusting. The guy says and does all the right things. I haven't been this excited about someone we drafted since BI and I think he can be better then BI.

The signs are there, weather it's as a role player or he eventually becomes a star in this league they need to hold on to and develop CC for the long term.

edit: Sorry guys, forgot to add Kobe and Joe.... 🙄

Summer of 2026, it's all I keep hearing lately. In an ESPN article by Dave Mcmenamin a source close to Luka was quoted saying that ever since the trade they were told that summer of 26 was going to be when the front office made moves to build a championship team.

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Listening to Lakers film room podcast Pete also mentions summer of 2026 and how he's heard about this as far back as late 2023. Obviously that pre dates Luka, so this summer was always the target to build a contender.

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Honestly, first time I'm hearing about it in a definitive way. But realistically what can they do with what is available? Why have this summer in particular circled? What do they have planned?

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Now there's realistic expectations for them to actually make significant moves to build a contender. Anything less than that, such as resigning the old team and improving on the margins should be met with harsh criticism. They set the expectations and now they need to follow through no matter what.

^(Only 3 songs and one of them was a cover? That crowd was dead, they may not have even known their music but at least you get to perform it. Being the only artist that got a quarter of a set and where they were positioned in the line up made it feel like they were just there to be the intermission before the main artists. It's a great opportunity, but then it kind of feels disrespectful because they are definitely bigger globally then some of the artists that came before them. They deserved a full set and the chance to properly promote their music on such a big stage.)