$CVNA material weakness with S&P 2% from highs

The only goal of their movement was to profit. The "principles" they claimed to espouse were contrived in order to justify that desire and to lessen the pain of losing.

It's very difficult to listen to $AMC spaces. Losing money in the market is painful and I can empathize but these people have radicalized themselves. They'd rather invent a global conspiracy than accept they just made a poor investment decision

Being financially wealthy and morally bankrupt is of no long term value. At the time of death, every single worldly possession (including our own bodies) is taken from us.

I did experience some trepidation about the decision, particularly given how challenging and stressful trading can be, but I ultimately felt that it was the right choice. My plan is to continue to give as much as possible for the next few years until I step away from the markets

100% of my trading income this year will go to charitable causes. I spent the year assisting 2 non-profits with strategic planning + project development, & was fortunate to be able to fund long-term projects. There’s an opportunity for meaningful impact, which I’m excited about

There is no shortage of guidance advocating for the pursuit of the ephemeral this yr, but I would encourage you to also pursue the eternal. A life devoted to worldly success & experiences will, at best, achieve temporary results. There is more to be gained, but only if we seek it

At its core: 1) Differentiating between optimal & mediocre setups 2) Sacrificing higher entries for higher probability entries 3) Learning to accept when I’m wrong. My largest loss remains roughly four years ago despite the fact that I trade considerably more size

KODK low 40’s to mid 30’s entry/adds. KNDI 15’s to 14’s. EDSA was a bit late but caught the 13’s consolidation. Covered all this AM(+$765K). This market continues to make me look like a far better trader than I actually am. Hope everyone has a safe and relaxing weekend!

3 strategies that have helped me stay centered: Maintaining Perspective - 26% of the world lives on less than $3.20/day, 46% on less than $5.50/day Physical Activity - I focus on Muay Thai & Yoga but any exercise will have tremendous benefit to mental & physical health Faith

The longer I trade, the more I realize that the mind was just not designed for this line of work. There are so many subconscious psychological forces (ex: hedonic adaptation, loss aversion, mental accounting, confirmation bias, etc) working against our success and well being

At the peak of the pre-pandemic market, an estimated 70% of Americans had less than $1,000 in savings. 45% had no savings at all. The situation has only gotten worse and people do need help. Any assistance you can provide is a great service both to them and to yourself

Reflecting on 2020 thus far brings overwhelming gratitude🙏 I will note, however, that there were many cases where I stopped out & regretted it, none of which I now remember. There were 3 cases where I refused to stop out & regretted it, all of which I still remember vividly

There is a particular memory-generating event that comes to mind. One that, in my humble opinion, represents the path to self realization and a life well lived. One that you organize and host each October.. 🙂

Transitory nature also applies to external happiness. Past activities & accomplishments don’t satisfy in the present just as present versions won’t satisfy in the future. We need a never ending stream, which is impossible. But there is an alternative to a life devoted to the self