Video Editor_NQ Futures Trader.
United States
Joined April 2013
- Tweets669
- Following341
- Followers164
- Likes904
Garrett retweeted
Becoming a top 1% trader means becoming immune to missing the move.
Leaving money on the table will make you more money than chasing money on the table.
Garrett retweeted
Trading for 18 months and being pissed you’re not profitable yet is hilarious.
You’re competing against professionals, algorithms, institutions, and people with decades of experience.
This was never supposed to be easy.
Why do you think this job pays so well?
Survive.
Garrett retweeted
Listen, if this video doesn't make your eyes sweat, you don't have a pulse. This is the perfect illustration for why all of us need to have a "spiritual father" in our lives.
Garrett retweeted
LEOPOLD LIQUIDATION EXPLAINED
I’ll have a longer post on the dangers of chasing crazy returns and trading psychology after market close, but wanted to get this out.
Many lessons to study for traders and investors from what has been unfolding in front of our eyes.
🚨SALP EXITED ALL PUBLIC POSITIONS 🚨
Wow, I suspect this is what caused that selloff into the close. Behind the scenes SALP was seeking to liquidate.
That final forced seller clearing is likely what is causing today’s rally.
Shocker - boy wonder is another @CathieDWood
Garrett retweeted
Gavin Newsom is right that living standards have fallen for younger Americans. But his solution — a wealth tax, higher income and estate taxes, and nationalized stakes in AI companies — would make the problem worse. Living standards rise through productivity growth, which requires capital investment. Newsom’s plan would destroy capital and undermine the growth needed to help the very people he claims to champion. The problem isn’t that taxes are too low; it’s that government spending is too high. We don’t need higher taxes. We need to repeal the income and estate taxes, slash government spending, and return resources to the private sector where real growth is created.
Garrett retweeted
The 3rd quarter is going to be great trading. The HFTS and their Algos do not go to the Hamptons for the summer.
It’s a long quarter that will have so much opportunity-don’t chase or overthink or over analyze. That always leads to over trading. Over trading is the passport to poverty.
Garrett retweeted
Be careful today, there may be some surprises which can move us fast and furiously. Jan 3rd 2001 was the very first trading day of the new year after the tech bubble burst. I was a very big NQ pit trader at the time and mid morning I was short 28 big NQ which was 28k every 10 points. Greenspan cut rates by 50 basis points late morning on the thinnest day of the year at the thinnest time. The NQ rallied 26% in just a few minutes, the biggest one day rally in history, still is. I was bidding the market up 50-100 pts a crack to get out and there were no offers. I was competing with Susquehanna to get out of shorts, it was a complete nightmare.
When all was said and done I lost 1.5M of my own money, money I never dreamed I would have a couple years previous. I was debit 650K the next day but my reputation was such that my FCM allowed me to trade the next day before I was able to clear up my debit with a posative balance of 1M. It was VERY important to me that I was in the pit the next day. I could not let anyone think I was weakened or fearful. I showed up with head held high and my shoulders back.
I showed up like God sent me.
I am always mindful of that day on FOMC days and on big moves. I know what it feels like to have the world spinning out of control around you where seconds feels like hours. I also know what it feels like to stand on your own two feet when all you want to do is pull the covers over your head and hide a bit. We show up every day to battle, not the market but oursleves.
The best lesson I learned that day was the market cannot hurt me-only I can.
Garrett retweeted
The reason anyone gets insanely rich is almost always because of the stock market. It certainly how @elonmusk did.
And the reason they get rich from the stock market, is because 150m Americans decided they wanted to own shares of stocks directly, or through their retirement plans, or through other approaches as a way of building their net worth and trying to create a better life for themselves.
One Hundred Fifty Million Americans. About 60% of adults.
Effectively believing that @elonmusk and many billionaires could make them wealthier and help them achieve a better life.
If you want @elonmusk , and most billionaires to no longer be that rich, convince those 150m to sell their stocks, funds, ETFs whatever.
Of course you would wipe out the net-worth of most of those people, and everyone else’s savings, as the markets crashed and brought down the economy and created the worst depression we have ever seen.
Alternatively
There are ways to improve healthcare access and eventually make it available to all.
To start -
If you want @elonmusk and all billionaires to improve healthcare for everyone , ask them to stop doing business with the enormous healthcare conglomerates and to work directly with transparently priced care providers.
It’s the behemoth HC conglomerates that make HC so bad for so many. (Check my timeline for more detail)
Removing them would push the cost of healthcare down for everyone. Their corporate decisions impact our healthcare cost and availability.
Of course if they do that, not only would our HC costs go down , and the quality of care for their employees and the entire country go up
But
They would see their corporate cash flow increase dramatically and we would have more millionaires, billionaires and maybe even another trillionaire when that cash flow moved from the big health care conglomerates to their bottom line, so would the net worth of the 150 million American adults that own public stocks
Capitalism is better than socialism because 150m Americans can influence exactly what happens in this country.
Garrett retweeted
I spent over two decades as a full time futures trader and scalper, and I learned your edge isn’t just your strategy. It’s your focus.
It’s the amount of hyperfocus it takes every single day. Blocking everything out, slowing your heart rate down, staying calm, believing in your homework, executing at a high level. Trading has to be your number one focus each day. So if you’re learning to become a successful trader, here are three things you may be focusing on that are working against you.
First, other people’s money. Stop looking at how much everyone else is making. That’s the number one thing you have to look away from. I was around thousands of traders on the floor and I barely remember us talking about money. It was private. The goal was to build a life. It felt blue collar. Today everyone talks about what they make, trying to prove someone wrong about the market. It’s a different place, and a lot harder for a new trader to block the noise out.
Second, the access. Overnight used to just be overnight, where you managed a position if you had one. Set time to start, set time to break, set time to come back. We traded mornings, skipped midday, came back for the close. Now the access never stops, and it’s spread everyone’s focus too thin to stay locked in.
Third, understanding the market environment. We move between environments at a very rapid rate. We go from trending higher with no signs of a pullback, buy the dip and hold on, straight into sell off mode. Trying to guess what those days will be like going into them is very difficult. You have to stay open minded and understand how quickly the tape can change. Last Friday was the perfect example. A market runs higher a lot further than most thought, then unravels all at once. It’s the same psychology we see in traders. They stay in their own trend for only so long, then unravel all at once. If you’re not focused, or you’re clinging too hard to one market environment as you move into the next, you aren’t allowing things to be what they are. You’re fighting them for what they were.
So here’s the simple part. Slow everything down. Survive a game where you pay your bills and stay in long enough to make a living. There will be moments this business really pays you, and you won’t choose them. They choose you. The rest is grinding, surviving, enjoying the process. Arguing with people on social media is a time waster, and the people who do it are usually unhappy in their own lives. Spend your time wisely.
Focus is the whole game. Protect it like your account depends on it, because it does.
Enjoy your life. Have fun. This is the greatest business in the world if you let it be. And it’ll be the worst, and destroy your life, if you let it.
Cheers, DELI
Garrett retweeted
$NQ in 2026
Topped in January at 26349 and dropped 3387 points to 22961 in March. Then rallied 2x the drop in a straight line to be 3387 points above the January high.
This means a retest of the previous high of the year would be a perfect 50% retrace.
Garrett retweeted
Paul Tudor Jones predicted the 1987 crash, made $100 million, then spent years trying to destroy this footage
you will watch him lose $6 million in one afternoon, sit in his chair and say "total devastation" then make it all back with 100% interest
This documentary will change how you think about risk forever
Bookmark & watch it. Then read the post below - $90 billion from being right just 54% of the time↓
CEO of Citadel: "no one is more wrong than I am today", he built the most profitable hedge fund in history
in this interview he explains why he hired a Russian rocket scientist, why being the smartest in the room is a mistake, and why being right 54% of the time made $90 billion
Bookmark & watch it. Then read the article below - The 77-year-old formula that explains why a small edge is all you need ↓
Louder for everyone in the back!
If you are a trader, STOP trying to predict markets and stop making calls. Nobody cares. Be prepared for both sides. Have a plan everyday and execute it. That plan needs to be consistent, repeatable and scalable.
Start with a myopic view on an intraday basis and look to widen your view when the price action has continuation.
Garrett retweeted
This is the best business in the world. It requires us to constantly be the best version of ourselves. This business requires us to do better, be better every day. The level of self-assurance, self-possession, self-knowledge & control is beyond what most will ever experience in life. The intensity this requires is incredible. Every day-take care of your mind, body & spirit.
"Trading is still, even on the screens, incredibly intense. It requires every ounce of your character and strength and integrity and everything. Pit trading was times that by a 100."
@paxtrader777