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Lance Breitstein 🇺🇸🌎

@TheOneLanceB140,444 subscribers

Ex-@TRLM Top Trader | Market Wizard 🧙‍♂️ Course: https://t.co/yjydC7PN7q YouTube: https://t.co/y4LhRVZfFD Advisor @SMBCapital | Founder @Impact_Comp

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Chris Bumstead is one of the greatest bodybuilders of all time. He has mastered the process of getting extremely lean. Many are looking to cut fat at the start of the year, so here is his best piece of advice for those looking to lose weight (or anyone looking to achieve anything hard in life):

Chris Bumstead is one of the greatest bodybuilders of all time. He has mastered the process of getting extremely lean. Many are looking to cut fat at the start of the year, so here is his best piece of advice for those looking to lose weight (or anyone looking to achieve anything hard in life):

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LESSONS FROM GIANNIS Much like in basketball, we don’t control the outcome of any trade or our PNL. Never ever. All we can control is the work we put in. We must re-program ourselves to judge success based on our inputs, not the result.

LESSONS FROM GIANNIS Much like in basketball, we don’t control the outcome of any trade or our PNL. Never ever. All we can control is the work we put in. We must re-program ourselves to judge success based on our inputs, not the result.

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THE "CONSISTENTLY PROFITABLE" SKILL GAP & THE MYTH OF SUPPLEMENTAL INCOME FROM TRADING For many new traders or part-time traders, there is this pervasive belief that with some time and effort, they'll be able to make "just" a few grand per month to supplement their income. Or they "don't want to aim big, they just want to replace their current salary via trading so they can have more freedom." This is because people mistakenly believe that trading is like most other jobs, rather than it being a winner-take-all performance endeavor more akin to becoming a professional athlete. 99.9% of athletes will never make a dime professionally. There is no market demand for your average high school or college player. To even make league minimum in the NBA, you are still in the .0001% of basketball players. There is no such thing as just deciding to casually make a few grand as a pro athlete. Think about what it takes for someone to make $50k/yr as a golfer? The skill gap to earn an income or make the league minimum is crazy to comprehend. The analogy I gave with AT09 was the story of Brian Scalabrine. Even though Brian Scalabrine “sucked” in the NBA, he would absolutely annihilate 99.9% of the people calling him trash. He once said the famous line that he’s closer in skill to LeBron James than his haters are to him, and that line perfectly explains trading. The gap between unprofitable and elite looks massive from the outside, but the real canyon is between unprofitable and making any amount of money consistently. People look at a trader making $1M a year and think that’s a different species. They assume someone doing $100k a year is basically the same as the guy still blowing accounts, just with better luck. That’s like saying Scalabrine and your friend who plays pickup on Tuesdays are basically equal because neither is LeBron. Going from $0 to consistently profitable is the hardest jump in trading. You CANNOT just casually make a few grand per month or supplement income part-time. The skill level needed to consistently make ANY AMOUNT trading is the equivalent of being in the league. A trader who can pull $100k a year out of the market is not “kind of good.” They have competency in finding edge, executing trades, handling their psychology and risk management, and are competing in the league. From there, scaling to $300k, $500k, even $1M is usually a function of size, capital, and refinement, not a complete identity shift. But the trader still stuck at breakeven or red? They’re not one tweak away from $100k. They’re not “basically there.” They’re still trying to prove they belong on the court at all. The uncomfortable truth is this: the distance between $0 and $100k is far greater than the distance between $100k and $1M. One requires becoming a professional. The other simply just requires becoming a more refined one. My confidence in taking a trader from $100k to $1m is probably 10x higher than my confidence in taking a trader from $0 to $100k.

Lance Breitstein 🇺🇸🌎

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15 YEARS OF TRADING ADVICE I started trading in 2011, and my first lesson was brutal but simple: trust the process and focus on getting better every day. My start was awful. Real-time trading was fast, chaotic, and unforgiving. I hesitated on entries, chased moves, and held losers far past my stop. I made the same mistakes over and over. Before long, I was at the back of my training class at Trillium Trading. Progress didn’t come from trading more — it came when I stepped back and built a framework for improvement: deliberate practice, structured review, and systemizing my work. I wasn’t making money yet, but my win rate and consistency were improving. That mattered. In 2012, I learned something that changed everything: most profits come from very few opportunities. I coined the “Broken Slot Machine” concept and drastically narrowed my focus to in-play stocks — names with exceptional volume, volatility, or fresh news. Cutting out noise was a turning point. I still trade this way today. 2013 was my breakthrough year. I stopped chasing complexity and built a small playbook of “easy money” trades — simple, repeatable setups with defined risk. A few mean-reversion plays. Small, consistent wins. Fewer unforced errors. That’s when my PNL finally stabilized and my confidence started compounding. In 2014, I nearly blew up my career. A fat-tail after-hours loss wiped out over $100K in minutes. That drawdown forced me to build strict drawdown protocols — daily, weekly, and monthly loss limits with zero exceptions. Those rules didn’t just save my career — they’ve saved countless others since. By 2015, I shifted my mindset away from obsessing over PNL and toward improving expected value every day — what I now call the Bobblehead Concept. Red days became feedback. Growth became the metric. That mindset carried me through the emotional swings of trading. In 2016, I learned how much environment matters. Trading isn’t purely an individual sport. Being surrounded by serious traders — sharing ideas, accountability, and lessons — accelerated growth faster than anything else. In 2017, I adopted the Daily Report Card habit. Daily reflection. One improvement at a time. Treating trading like a professional athlete reviewing game film. This single habit was foundational to everything that followed. In 2018, I stopped trying to be early. I learned to wait for the right side of the V — letting moves exhaust before entering. Risk dropped. Win rate rose. Size increased. Being right mattered more than being first. From 2019 onward, it was about 1% improvements, adaptability, and pressing size only when edge was extreme. 2020 rewarded preparation. After almost 10 years of trading, COVID hit and it was a day trader's dream market. Most traders scale linearly, but the real outlier performance comes from identifying when you have an A+ setup and absolutely maximizing it. Doing so allowed me to have my first year making over $10m in PNL. By 2021, my technical skills were dialed in. What mattered most was psychology and performance optimization. I realized that how I managed my mental game determined how consistently I could execute at the highest level. Once you have edge, your mental state is what determines how consistently you stick to your system and capture the opportunities in front of you. Strong mental game allows you to avoid FOMO, ragetrading, and other bad habits that leech our PNL. 2022 the markets slowed down and punished many that didn't adapt. I realized that survival in trading isn’t about always being aggressive—it’s about trading based on what the market requires of you. The best traders don’t try to force the market to fit them, they fit their trading to the market and evolve faster than everyone else. 2023 I started allocating more energy toward swing trading—holding positions for days rather than seconds or minutes. This, coupled with selling options premium, gave me the space to step back, zoom out, and build a more sustainable lifestyle. I was no longer glued to the screen 10 hours a day. It reminded me that trading is a means to an end. 2024, I pushed myself to go beyond stocks. I dove deeper into options, futures, and overnight trading. Each new product came with its own quirks, nuances, and edge opportunities. Learning these instruments wasn’t just about more tools—it was about building a truly diversified and adaptable trading approach that maximizes your expected value based on the situation. At the elite level, the more markets and products you open yourself up to, the more opportunities you have to profit and the more mediums you have to express your trade in the most effective way possible. Now at the end of 2025, after 15 years, the biggest lesson is this: There’s no finish line in this game. The best traders stay curious. They stay hungry. And no matter how good you get, if you’re going to stay relevant in markets, you need to always be learning. I'm excited to see what 2026 will bring and I wish you all nothing but health, happiness, and the success you all are looking for.

Lance Breitstein 🇺🇸🌎

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