Mike's insight was 100% on point, I did a huge disservice to myself trying to learn trading from March '20 on, when I should've went with long positions and worked on learning day trading gradually alongside rather than exclusively day trading
Thank You Peter , I enjoy the Weekend Edition but mostly you taking your time to share, it's great to see you still have a heart to share after all these years. You and the rest of the Shadow Trader family are the best!!!!!!!!💯💥💯
Thats why whenever you hear certain youtubers out there claiming they have 70-80-90% win rates are full of crap. And you know who they are. Its all about cutting your losses quickly and knowing when to let your profits run. We all heard it a million times but thats the true "art" of successful trading. My first 3 years of trading I couldnt get that discipline down but when I did i been profitable every year since. Great segment!
That is exactly correct. The win rate itself never matters, it's the relationship between size of winners and size of losers. I will literally stop out of 5 trades in a row and not care much because it's just not working and the next large winner is right around the corner. Just takes time I think to cement these processes.
What makes you think interest rates are coming down this year? Inflation hasn't dropped in months and it's actually increased. I'm afraid trillions and trillions of printed dollars will not go away for many years.
@@therealshadowtrader LOL. We're 35 trillion in debt. I don't think they're too concerned about another 35 trillion. Bunch of frigging clowns running things.
My SPX 2024 target has always been 5,496.22. Oil topping here @ $80 vs original $78.33 ((raised moving average variance) ....... Target $62. Bitcoin bull flag breakout day 3 .......target 132,190.45. SMCI bull flag formarion breakout day 2 ........target 2,252.12 GME filled the gap and closed with a hammer candlestick and NO ONE is seeing this ....... Target $65.80 then eventually $120.75
Mike's insight was 100% on point, I did a huge disservice to myself trying to learn trading from March '20 on, when I should've went with long positions and worked on learning day trading gradually alongside rather than exclusively day trading
Thank You Peter , I enjoy the Weekend Edition but mostly you taking your time to share, it's great to see you still have a heart to share after all these years. You and the rest of the Shadow Trader family are the best!!!!!!!!💯💥💯
This is the best interview in the show so far! Really love it!
great job. really enjoyed watching. you and your team is both good and genuine. look forward to watching this show every weekend. thank you.
Great stuff! Thank you Peter and Mike!
I appreciate you work and LOVED the section with Michael - multi time frame analysis at its best!
My favorite trader. Leagues above the rest! Thank you Peter!
Right on the money when you say put sellers market. That strategy has worked great in the last week alone.
Great video Peter. Could Michael do chart analysis online session. We can understand way of his thinking, his approach to tech analysis
A webinar for that is in the works. A 7 day trial to the stock and options room is also available for those who are curious enough to look into this
@@therealshadowtrader I am in, can't find webinar, can you guide me?
Thanks Peter!! I really like the weekend edition.
Awesome stuff, love hearing inside your head, all this makes a ton of sense.
Thank you
These are awesome thank you
Great show, glad to see it back :-)
Awesome video! Peter is the best in class!
Great content as always. Thanks for the special insights about swing trading too 🍻
What a great video! Thanks Peter!!!
Thats why whenever you hear certain youtubers out there claiming they have 70-80-90% win rates are full of crap. And you know who they are. Its all about cutting your losses quickly and knowing when to let your profits run. We all heard it a million times but thats the true "art" of successful trading. My first 3 years of trading I couldnt get that discipline down but when I did i been profitable every year since. Great segment!
That is exactly correct. The win rate itself never matters, it's the relationship between size of winners and size of losers. I will literally stop out of 5 trades in a row and not care much because it's just not working and the next large winner is right around the corner. Just takes time I think to cement these processes.
This is incredible! You should replace the guys over at Bloomberg! Hell, replace Jim Cramer for that matter!
Thanks!🎉
This video was full of gems 💎
Can you do a video on exits. I'm always getting out too early or late
How do you anticipate the yield curve to un-invert?
Enjoyed the entire video. I thought Mike's thoughts on day-trading were wise indeed - rarely stated and often ignored.
does being in CA (as opposed to PA) help you tax wise or market trading hours wise?
Hard NO on both. The only reason to be in CA is the better weather and the ocean.
Peter the underrated legend trader .......
Hmm
Peter....greats. For some reason I could not hear Mike's comments...he wa muted. Heard you fone. But missed everyting he said.
@ReadTheGospel Hmmmmmmm....not resolved.
I thought so too, and then realized Mike’s vocal is channeled through the “left”; Peter through the “right.’ (Both ear buds required)
TLT looks like inv H&S
What makes you think interest rates are coming down this year? Inflation hasn't dropped in months and it's actually increased. I'm afraid trillions and trillions of printed dollars will not go away for many years.
I think because the gov't can't afford to keep paying these rates on the bonds it sells each week.
@@therealshadowtrader 🤫🤣
@@therealshadowtrader LOL. We're 35 trillion in debt. I don't think they're too concerned about another 35 trillion. Bunch of frigging clowns running things.
I see an ugly DOWN day Monday Peter...imho
Based on what? Where's your evidence!?
How did that work out for you?
@@therealshadowtrader 😂
My SPX 2024 target has always been 5,496.22.
Oil topping here @ $80 vs original $78.33 ((raised moving average variance) ....... Target $62.
Bitcoin bull flag breakout day 3 .......target 132,190.45.
SMCI bull flag formarion breakout day 2 ........target 2,252.12
GME filled the gap and closed with a hammer candlestick and NO ONE is seeing this ....... Target $65.80 then eventually $120.75