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Gextron training call is happening in 3 days
Compile a List
@Ruben Leija how hard would it be to compile a list of all the winners from Gextron this year?
Are you writing in a journal on trade days?
You must learn how to journal exits or you'll always run out of consistency. I tracked exits for a year, found my worst habit: Premature profit-taking. Fixed it. Then? Months of random results became a calm climb. Never skip journal day. - Brandon Lee
Why I like saying, "I don't know" in trading
A lot of traders like to sound like fortune tellers. They'll say: "Trust me, the market is going to this." "I can already see where it's heading." And if you've ever followed those calls, you probably noticed how quickly they flip their bias when they're wrong. One minute it's "short QQQ because of aggressive puts," the next it's "we're popping into close." They're noise. They are not edge. People buy into it because they don't know what they don't know, and it feels safer to follow someone who sounds confident. Most of these gurus don't even understand the basics of how market function: - The VIX option chain isn't just one product. It's actually built from 4 different VIX derivatives - SPX itself is typically used by institutions as a hedging instrument, while SPXW products are more geared toward directional trades - Few retail traders grasp what market makers really do or how IV reshapes the Greeks. So when a guru pretends to "see the future" but doesn't even understand market mechanics, why would anyone rely on them? Anyways...here's the smartest thing all of us, including myself can say as a trader: "I don't know where the market is going." This in itself is an edge. Why? Because it keeps you reactive. Being proactive is nice, but being reactive is what makes you that dough. Stay flexible and unbiased. With a define entry, exit, stop loss, and risk management, you're free to adapt instead of getting trapped by bias. And most importantly ut unchains your from being emotionally driven. By saying you don't know, you're composed, more logical, and more process-focused. Humulity is what gives you staying power.
Why I like saying, "I don't know" in trading
Always go back to the well!!
Whenever you hit a good hit or even a homerun with a stock, it is always good to go back and check. We liked it then there is no reason why not to like it again. We talked about ELF (Ruben started it) back in Feb 2024 and again late February then summer then new year in March and then again in May and at earnings in April and August. Up 300% since April, can you imagine if Ruben had kept those LEAPS!!!! I played it for a very good return when it was $125 at earning in August to about $140. It peaked at $151 this year but now holidays are coming and I bet they will see even higher. Keep a good journal - review it from time to time especially if you are having a hitting slump.
Always go back to the well!!
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