Trading w/o the BS | Join the Outliers on YouTube, Substack, Discord - link in bio | 🇺🇸 Marine Vet | ft: Business Insider, Barchart, IG | MBA
Encinitas, CA
Joined July 2016
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while i fully understand your perspective. i view it a little differently.
there is a balance between watering things down too much, which is useless at best - more likely harmful in reality. it misleads traders and creates the complete wrong expectations. bad foundation.
on the other side, if we go too deep, too fast - we are likely to alienate and confuse. this is why pretty much any learning we've all done is very much a building block approach.
throughout that process there is a natural selection and weeding out function.
from a creator lens, i view it as my job to span that continuum. which means some pieces will be to low level from some. some too high level for others, etc.
When I started YT i largely shared your perspective. It’s definitely shifted a bit over time. I can see different angles but as we both know a lot of it is based on your target audience.
I did some editing for a while and think there’s value in it but interestingly I found it drew in the wrong kind of people for my content, so I stopped.
But the equation is pretty simple. To grow, you have to appeal to a broader audience.
Is it possible to grow a YouTube channel without eventually becoming incredibly cringey and developing that unmistakable, bouncy YouTuber speech cadence?
It’s fascinating how people gradually start sounding exactly alike once they spend enough time optimizing themselves for an algorithm.
I’ve been banging out this trading workshop, which has pretty much consumed the little extra time I have between trading, training, and family. But once I’m done, I really want to push YouTube again, particularly the more raw, unedited format.
I watch YouTube sometimes and feel like I’m just watching someone read a script with exaggerated enthusiasm and a bunch of jump cuts.
And I genuinely wonder, what value does that offer anymore?
In a world where I can ask ChatGPT for the same information in seconds, the value of watching another person should increasingly come from their actual experience, judgment, personality, and ability to think through something in real time.
I want to hear how someone thinks, not how well they can read a script.
Maybe I’m in the minority, but I think there’s something refreshing about someone just turning on a camera and talking like a normal human being.
Erik - Outlier Trading retweeted
Lossdog opened the markets! 🔔
.@wearelossdog is a Chicago fintech company from Tom Sosnoff and Scott Sheridan, the founders of thinkorswim and tastytrade. Its platform gives active investors and working professionals one place to optimize their portfolios and price their careers.
hey everyone! today at 5pm PT i'm doing a livestream working through some research i did for a pro member on a low risk collar strategy they're exploring for their portfolio.
youtube.com/live/3J7AW2UI5QA…
interesting - pretty static levels for something like this eh?
have you drawn Fibonacci's on the same timeframe? also seem to look interesting.
curious.
a note on this though - you will hear this essentially forever. i remember hearing it in 09. 2012, 2015, 2018, etc.
i find detaching my perception of rational, reasonable, etc to help a lot with this. i simply focus on what the market is and what different potential forward paths may look like with an expected return profile for those paths.
the downside to my approach, is its insanely unlikely that i will ever have a @michaeljburry style thesis.
its a trade off i accept.
i love this so much. its a direct affront to all the gate keepers.
trading is a weird balance between technical knowledge and decisive action. sometimes people who become over-obsessed with the technical side sometimes forget that simple shit can work extremely well.
keep it up @ShaneStoffer this is awesome. trading is fucking dope and done let people turn you away.
yes, it's insanely likely that if you stick to it long enough, you will experience some losses (maybe large ones). it's also possible you keep crushing it. im hoping for the latter.
The stoic challenge. Surgery was just rescheduled to next Friday.
There’s an art to desensitizing ourselves in anticipation of things we’re sensitive about.
I’ve never had surgery before, have no idea what to expect but know it will entail pain. I cleared my schedule tomorrow and early next week in anticipation of recovery.
Just got a call that it needed to be moved. A bummer for sure. I have no control over it moving.
Instead, I choose to be thankful. There was someone in a car accident that needs emergency surgery - hence mine needing to move.
I’m thankful I’m not in that circumstance. I’m thankful that person will be treated by the doctor scheduled to treat me - who is extremely competent.
I’m thankful that while annoying the shift in schedule ultimately isn’t a big deal for my work. For other people it could mean missing bills due to being out too long.
Stoicism isn’t about not feeling. Or suppressing. It centers around understanding what we can control and what we cannot. And for the things we cannot, we give it little power over us.
For the Outliers - meats back on the menu we’re back at it for another week.
im getting ready for surgery on friday and it's a big reminder of how important money is.
most people see accumulation of wealth as materialistic or greedy. to some degree, sure. but a big part of why i wanted to create wealth is for other stuff.
first was being able to take care of my mom. she was an occupational therapist at a public school as a contractor - she made little and had no retirement plan.
after that, it was to not worry about money. when you have enough, you aren't concerned about expenses. it allows you to give more freely without concern.
and where im at now, im getting spine surgery on friday. the industry standard is a microscopic discectomy. however, im fortunate enough to be able to afford a more advanced version called an endoscopic discectomy with a leading surgeon in the field. there will actually be a youtube video of my surgery on their page, we can set up a watch party.
moral of the story - create as much wealth as you can as quick as you can. it does a lot more than just buying objects. its currently buying me a chance to fix an ongoing issue with my sciatic nerve.
its exactly right. right now, it's the more serious traders going the DIY route but it will be pushed down further and further to the casual level as its refined because the time to do it will be trivial.
im getting ready for surgery on friday and it's a big reminder of how important money is.
most people see accumulation of wealth as materialistic or greedy. to some degree, sure. but a big part of why i wanted to create wealth is for other stuff.
first was being able to take care of my mom. she was an occupational therapist at a public school as a contractor - she made little and had no retirement plan.
after that, it was to not worry about money. when you have enough, you aren't concerned about expenses. it allows you to give more freely without concern.
and where im at now, im getting spine surgery on friday. the industry standard is a microscopic discectomy. however, im fortunate enough to be able to afford a more advanced version called an endoscopic discectomy with a leading surgeon in the field. there will actually be a youtube video of my surgery on their page, we can set up a watch party.
moral of the story - create as much wealth as you can as quick as you can. it does a lot more than just buying objects. its currently buying me a chance to fix an ongoing issue with my sciatic nerve.
i am todays year old when ive learned of finger bowls..
Tony Montana casually eating a lemon from a bowl might seem like a humorous detail, but it reveals something much deeper about his character in Scarface. Surrounded by expensive suits, luxurious restaurants, and wealthy people, Tony is determined to prove he belongs among the elite. Yet the bowl in front of him isn’t meant for eating. It’s a finger bowl, traditionally used to rinse your fingers during a formal meal.
Tony doesn’t realize this, and no one bothers to correct him. That’s what makes the moment so revealing. He can afford designer clothes, expensive dinners, and a lavish lifestyle, but wealth can’t instantly teach him the social customs of a world he never grew up in.
Coming from poverty in Cuba, Tony never had the opportunity to learn the unwritten rules of high society. His ambition has earned him a place at the table, but he’s still unfamiliar with the culture surrounding it.
That single lemon becomes a subtle symbol of his journey. Tony has the money to enter a world he once dreamed of, but he hasn’t fully learned how to fit into it. In a movie defined by power, greed, and violence, one tiny detail reveals more about his character than an entire conversation could.
options 101 here
Togi Explains Why He Ignores Trading Advice From Broke People
"I'm doing a $1M to $3M trading challenge, but my $1.5M stock portfolio was getting way too boring, so I started trading options."
"I bought Moderna calls while I was in Romania, then got hit with a $20K margin call."
"Everyone on Twitter suddenly thinks they're an options expert. Everyone acts so smart, and everyone's also so fucking poor."
"If 95% of traders lose and everyone on the internet says I'm an idiot, I feel like I'm right."
"I'm up $200K. Moderna fucking ripped right after I wired the money."
we have our next Pro Plus Trading workshop tomorrow at 4pm PT. this month we are focusing on trade execution, members will come with a few recent trades to review on the underlying process.
i save a couple guest seats for each session for the broader community, it's completely free to enter the raffle.
if you'd like to join in, hop over here! outliertrading.io/workshop
huh? day trading can absolutely work. to your point - it's extremely unlikely. but so is a lot of stuff in life.
i personally wouldn't advocate for anyone to get into daytrading - i actually spend the majority of my time discouraging people.
i also would differentiate day trading from trading.
that all said - yes people should go into things eyes wide open. if you try to trade (day trade or other) it is unlikely to work out.
however, just because its unlikely to work out, doesn't mean it wont.
I also would make sure to not become so risk averse that you stop trying unlikely things. you'll never start that business, buy that property, etc.
