Tradinglife With Brad Jelinek

Despite having learned the lesson many times I mixed two time frames and got stuck with a position at a bad price.

I discuss why it can be difficult to increase your size just based on a good run and why it’s more important to cut your size when you’re struggling. If you are focusing on your process then your size goes up automatically when it’s time.

I discuss how I stay focused on my longer term goals even when the day to day can distract me from them.

I talk about the importance of knowing yourself before a probabilistic outcome causes you to panic. If you know that you can take worst case outcome then it will be easy to figure out how to structure the trade.

Conviction is essential to trading and investing successfully. Take the time to learn about yourself and what makes you unique because that will serve you well along this path.

I talk about using correlations and events to find trades in a counterintuitive manner.

I describe a new process that has helped me find more trades without it feeling like work. A top down approach of identifying themes while also staying focused on EPS winners and their chart formations.

I talk about how it’s very dangerous to change your time frame when you’re in the middle of a trade.

I talk about how I often use my trading skills to complement an investment. The two don’t need to be mutually exclusive.

I discuss how I’ve been worked up too easily lately and how paying attention to that is important for my longevity.

I talk about how when we stop climbing the wall of worry, then it’s time to worry. The market is unable to rally on North Korea and good large cap earnings.

Today I discuss exiting trades early and how it’s important to keep track of your thought process as you do so. You are not a robot (yet) and sometimes your intuition can be your best friend. Knowing yourself can be an edge.

Make a thought management system that works for you. That may be audio and screenshots or it may be a simple spreadsheet. The key is doing something that is sustainable!

Today I reflect on my past few weeks where I've gotten a bit obsessive about finding the exact perfect setup (software/technology) when in reality it would be better to just find something that's 80% there and go with it.

I talk about the movement towards an inverted yield curve and how it has been a good predictor of recessions and how bank stocks cannot hold the rallies despite record earnings this week.

I talk about how to find the right partner for your needs and how you learn so much about yourself in that process.

I talk about the ups and downs I’ve gone through and some of the lessons they gave me.

I talk about the emotional boom and bust cycles and why it’s so important to really check yourself.

I talk about how when I’ve determined a potential floor for a stocking for a few weeks or months sometimes adding options can significantly boost my return.

I talk about how knowing the expectations and how they are built into the price of what you are trading or investing in is potentially the most important thing to look at.