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"How else will you know what setup works when if you don't do the study? Most people just jump in, they follow some random people on the internet who have no clue what they're doing...how many people study, go back and actually study how stocks move, what they move... on? That's your edge, you do something differently, something that 99% of other people are not willing to do and you will have different results than those people, that's the whole point." "Exactly, you get a completely new perspective, and it gives you conviction. And suddenly you won't need discipline and all these other stupid things, you don't need to be meditating 3 hours per day, and other useless trading advice. You figure out what works, well guess what, then you can use whatever works, instead of jumping into the abyss with the crowd."show more

Charlie M

18,492 subscribers

17,859 views • 1 year ago •via X (Twitter)

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2 Comments

Popman1 year ago

Great

Samurai1 year ago

Wow, great words! Thank you!

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Qullamaggie on Become An Expert Trader In 1,000 Hours, Not 10,000 “Well, you don't need ten thousand hours to become an expert. The hours themselves don't do much. What you need is focused effort. That's what people miss. Just because you're doing something doesn't make you better at it. You need to focus on getting better at it. That's how you get better. You can become an expert, you know, in ten thousand hours too — if you really, really do it. You know, push yourself. And you can still suck after ten thousand hours. That's a common thing people miss from those popular books that popularized the ten-thousand-hour rule. You need focused effort. It's deliberate practice. That's what I wanted to say. Deliberate practice — it's not about the hours. Obviously you need a lot of hours, but just so you know, ten thousand hours doesn't really mean anything if you didn't do deliberate practice. You know how many people haven't been at their jobs forever and they still suck at it, right? Or maybe you know your buddy who's been golfing for twenty years and he's still a really bad golfer — right, because he never put in deliberate practice. So the hours themselves don't mean anything. It's the deliberate practice that's important.”

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Jordan Peterson: "If you can't fix your room, you can't fix your life" "Why should you even bother improving yourself? The answer is something like: so you don't suffer anymore stupidly than you have to. And maybe so others don't have to either. It's not some casual self-help doctrine. If you don't organize yourself properly, you'll pay for it. In a big way. And so will the people around you." Peterson continues: "You can say, 'Well, I don't care about that.' But that's actually not true, you do care about it. Because if you're in pain, you will care about it. It's very rare that you can find someone in excruciating pain who would say, 'Well, it would be no better if I was out of this.' Pain brings the idea that it would be better if it didn't exist along with it. It's incontrovertible." On how to start: "Look around for something that bothers you and see if you can fix it. You can do this in a room. Sit in your bedroom and think: 'If I wanted to spend ten minutes making this room better, what would I have to do?' You have to ask yourself that, it's a genuine question. And things will pop out. There's a stack of papers bugging you. Some rubbish behind your computer monitor you haven't attended to for six months. Cables tangled up." He explains why this matters: "If you were coming to see me for psychotherapy, the easiest thing would be to get you to organize your room. You think, is that psychotherapy? It depends on how you conceive the limits of your being. Start where you can start. If something announces itself as in need of repair that you could repair, fix it. Fix a hundred things like that, your life will be a lot different." On fixing what you repeat every day: "People tend to think of their daily routines as trivial. You get up, brush your teeth, have breakfast. Those probably constitute 50% of your life. People think, they're mundane, I don't need to pay attention to them. No, that's exactly wrong. The things you do every day are the most important things you do. Hands down. Just do the arithmetic." On staying within your competence: "Sometimes you don't know how to fix something. Imagine you're walking down the street and there's a guy who's alcoholic and schizophrenic and has been homeless for ten years. That's a problem. It would be good if you could fix it, but you haven't got a clue. You walk around that and go find something you could fix. Just because something announces itself as in need of repair doesn't mean it's you, right then and there, who should repair it. You have to have some humility. You don't walk up to a helicopter that isn't working and just start tinkering away." Peterson shares the key insight: "As soon as you give your mind a genuine aim, it'll reconfigure the world in keeping with that aim. That's actually how you see to begin with. You've all seen the video where you watch basketballs being tossed back and forth, and while you're doing that, a gorilla walks into the middle of the video and you don't see it. If you thought about that experiment for five years, that would be about the right amount of time to spend thinking about it." He explains what it reveals: "What it shows you is that you see what you aim at. If you can get one thing through your head, that would be a good one. You see what you aim at. One inference you might draw from that is: be careful what you aim at. What you aim at determines the way the world manifests itself to you. So if the world is manifesting itself in a very negative way, one thing to ask is: are you aiming at the right thing?"

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68,550 views • 2 months ago

"You can either produce excellence or you can avoid criticism. But you cannot do both of those. The reason that you don't have certain excellence that you want is because you are afraid of getting criticized. You are afraid of the judgment that comes with it. You are afraid of standing out. You are afraid of being alone. You are afraid of people looking at you. You are worried about what people think of you. There are 2 categories of things in this world: 1) Things that are up to you 2) Things that are not up to you Which category does your reputation sit in? Your reputation is not up to you. I'm the one who associates your reputation with something, not you. You just do things. What's up to you? How you act. Your decisions. Your actions. That is up to you. Your reputation is not up to you. Here's how I know that: You all have a reputation about me and it's not in my control. I get to say and do whatever I say and do up here. I am in control of saying it. I am in control of doing it. The moment words leave my lips, who has control over what is done with those words? You! You are in control of what you think of me. And there's no way everybody in this room is going to think the exact same thing about me. No way. When it comes to exceptional, what we've got to understand is you can spend your whole life trying to avoid criticism and earn reputation, and it still won't be in your control. We can waste a lot of time missing out on excellence we could have been producing if we were just simply LESS trying to engineer what we wanted other people to think about us."

"You can either produce excellence or you can avoid criticism. But you cannot do both of those. The reason that you don't have certain excellence that you want is because you are afraid of getting criticized. You are afraid of the judgment that comes with it. You are afraid of standing out. You are afraid of being alone. You are afraid of people looking at you. You are worried about what people think of you. There are 2 categories of things in this world: 1) Things that are up to you 2) Things that are not up to you Which category does your reputation sit in? Your reputation is not up to you. I'm the one who associates your reputation with something, not you. You just do things. What's up to you? How you act. Your decisions. Your actions. That is up to you. Your reputation is not up to you. Here's how I know that: You all have a reputation about me and it's not in my control. I get to say and do whatever I say and do up here. I am in control of saying it. I am in control of doing it. The moment words leave my lips, who has control over what is done with those words? You! You are in control of what you think of me. And there's no way everybody in this room is going to think the exact same thing about me. No way. When it comes to exceptional, what we've got to understand is you can spend your whole life trying to avoid criticism and earn reputation, and it still won't be in your control. We can waste a lot of time missing out on excellence we could have been producing if we were just simply LESS trying to engineer what we wanted other people to think about us."

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”Holocaust researcher, when you study Auschwitz & you study the SS & the German Nazis, what they did to Jewish people & you study it & then you see we have on our screens this is what they do to Palestinians to torture them...”

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Qullamaggie Motivation - Anyone Can Do This “Anyone can do this. I promise you guys anyone can do this. You just have to put in the work. Every opportunity, you have to learn. Stop following the news and unfollow all the idiots on Twitter. Follow quality people. It takes time to determine whose quality. You have to assess what’s working and what’s not. Study past action; the same patterns repeat. I have two main setups: breakouts and mean reversion setups. Ditch what doesn’t work, keep what works, and scale out when trades go for you. Then your money starts compounding. My average return over the past 7 years is 200% per year. If you double your money every year, just do the math on what you could have after five or ten years. That’s what’s possible. But you have to believe you can do it. That’s why you need mentors and role models; don’t follow random day traders. You need to research the markets.”

Qullamaggie Motivation - Anyone Can Do This “Anyone can do this. I promise you guys anyone can do this. You just have to put in the work. Every opportunity, you have to learn. Stop following the news and unfollow all the idiots on Twitter. Follow quality people. It takes time to determine whose quality. You have to assess what’s working and what’s not. Study past action; the same patterns repeat. I have two main setups: breakouts and mean reversion setups. Ditch what doesn’t work, keep what works, and scale out when trades go for you. Then your money starts compounding. My average return over the past 7 years is 200% per year. If you double your money every year, just do the math on what you could have after five or ten years. That’s what’s possible. But you have to believe you can do it. That’s why you need mentors and role models; don’t follow random day traders. You need to research the markets.”

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Do things your way. It doesn't matter how other people are doing it. As long as it works—and it’s exciting—people will follow you:

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David Senra

53,919 views • 1 year ago

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Americans want Audacity in leadership. They also want a working class message. Zohran Mamdani showed that when you knock on doors, talk to people where they are, and build trust, folks who felt unheard start believing again. When you’re talking about kitchen table issues and voters believe you’ll actually do it, they will show up. Democrats can’t skip the legwork and expect the people to show up. The median age of America is 39. The median age of Black America is even younger at 32. So the voting population you need most doesn’t know what you did 20 years ago. They want to know what are you doing now, and what do you plan to do. Authenticity wins. Well funded Audacity wins. Bravado with real Policy wins. Being unafraid to be exactly who you are wins. When you have the resources to get in front of voters with a working class message you can beat the beast of our day. The people have the Power and a working class message will move the people.

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Some of yinz need to watch this. Cutch on Tommy Pham: "That's why you don't give up on people. That's why you don't badmouth, that's why you don't talk about people. That's why you don't set standards on people... and look what he's been able to do the 2nd half of the season"

Some of yinz need to watch this. Cutch on Tommy Pham: "That's why you don't give up on people. That's why you don't badmouth, that's why you don't talk about people. That's why you don't set standards on people... and look what he's been able to do the 2nd half of the season"

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76,318 views • 10 months ago

This is an INSANT CLASSIC from Warren Buffett on investor psychology, listen to what he says… From Buffett: “When people are scared, they're scared. And people, if you yell 'fire' in a crowded theater, everybody runs. It still, it still pays to beat people to the door. You know, and I'd get trampled. You know, so I will stand back there and say 'everybody stay calm, you know,' but that's because I can't run fast. On the other hand, when people come back into the theater, they come in one at a time. They know they don't have to get in there. But when people panic...” Very true and knowing this gives you a big edge in markets.

This is an INSANT CLASSIC from Warren Buffett on investor psychology, listen to what he says… From Buffett: “When people are scared, they're scared. And people, if you yell 'fire' in a crowded theater, everybody runs. It still, it still pays to beat people to the door. You know, and I'd get trampled. You know, so I will stand back there and say 'everybody stay calm, you know,' but that's because I can't run fast. On the other hand, when people come back into the theater, they come in one at a time. They know they don't have to get in there. But when people panic...” Very true and knowing this gives you a big edge in markets.

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98,459 views • 2 months ago

Q: Have you been reluctant to lean into your gender on the campaign trail? Vice President Harris: I'm clearly a woman, I don't need to point that out to anyone. What most people really care about is, can you do the job? And do you have a plan? I think that's part of why people are exhausted with Donald Trump and his approach, because it's all about himself and his personal grievances and not about the American people

Q: Have you been reluctant to lean into your gender on the campaign trail? Vice President Harris: I'm clearly a woman, I don't need to point that out to anyone. What most people really care about is, can you do the job? And do you have a plan? I think that's part of why people are exhausted with Donald Trump and his approach, because it's all about himself and his personal grievances and not about the American people

Headquarters

874,409 views • 1 year ago

Warren Buffett shares what he would do if he had to start investing again w/ just $1 million Here was his valuable/timeless advice: "With just a million dollars, you could earn 50% a year... I don't know what the equivalent of Moody's manuals or anything would be now, but I would try and know everything about everything small, and I would find [opportunities]. But you have to be in love with the subject. You can't just be in love with the money. You've really got to just find [the opportunity]. People find other things in other fields because they love looking for them. A biologist looks for something because they want to find something. I don't know how the human brain works that much. I don't think anybody understands too well how the human brain works. But there's different people that just find it exciting to expand their knowledge in a given area. I've had the luck of meeting a lot of people that are unbelievably smart in their own arena and do some unbelievably dumb things in other areas. So all I know is the human brain is complicated. But it does its best when you find out what your brain is really suited for, and then you just pound the heII out of it from that point. And that's what I would be doing if I had a small amount of money and I wanted to make 50% a year. But I also wanted to just play the game. And you can't do it if you don't find the game interesting, whether it's bridge or chess or in this case, finding securities that are undervalued."

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Triple Net Investor

285,541 views • 1 year ago