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David Hale Profile
David Hale

@CREAMtrader

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Professional trader/writer/risk addict. 23 years in equities, crypto, options, and gambling. Author of Cash Rulesโ†’

Joined October 2014
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@CREAMtrader
David Hale
9 months
Getting asked if this is real 100% real! My tale, the insights learned, and an introduction to the world of glitch trading, are all included in my book, Cash Rules: Reminiscences of a Day Trader Found at all fine booksellers (actually just on Amazon)
@CREAMtrader
David Hale
9 months
The life of a trader: Age 25 - Making more money than I ever imagined. Dream house on lake in Texas 35 - Dead broke. Living with mother-in-law in apartment in rural Poland 38 - Owner of prop firm 40 - Dead broke. Homeless. Working $10/hour job 42 - Most profitable year of
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@CREAMtrader
David Hale
9 months
The life of a trader: Age 25 - Making more money than I ever imagined. Dream house on lake in Texas 35 - Dead broke. Living with mother-in-law in apartment in rural Poland 38 - Owner of prop firm 40 - Dead broke. Homeless. Working $10/hour job 42 - Most profitable year of
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@CREAMtrader
David Hale
9 months
A trader should operate more like a: - Programmer - Gamer - Hacker - Arbitrageur - Scavenger - Puzzle solver - Explorer - Hustler - Mathematician - Robot And less like a: - Finance professional - Technical or fundamental analyst - Speculator - Forecaster - Gambler
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@CREAMtrader
David Hale
7 months
During my almost 25 years as a professional trader I have been lucky enough to have traded with dozens of elite traders andโ€ฆ NOT ONE of them has ever had any type of meaningful SOCIAL MEDIA presence! They have been too busy making cash and keeping their mouths shut I know
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@CREAMtrader
David Hale
3 months
A trader should operate more like a: - Programmer - Scavenger - Gamer - Hacker - Arbitrageur - Puzzle solver - Hustler - Mathematician - Robot - Student And less like a: - Finance professional - Technical or fundamental analyst - Speculator - Forecaster -
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@CREAMtrader
David Hale
9 months
"...teach a man to scalp, and you feed him for a lifetime" Great points here by @TheOneLanceB @InvestorsLive @MikeBellafiore . Wanted to add my two cents about scalping since I've been doing it fulltime for 23 years. - A good scalping strategy provides the ultimate edge!
@TheOneLanceB
Lance Breitstein ๐Ÿ‡บ๐Ÿ‡ธ๐ŸŒŽ
9 months
NEVER underestimate small wins and consistency. As @MikeBellafiore says: the bank doesnโ€™t care what trading strategy made you the pnl. Scalping can: -provide for your family -provide you freedom / no book risk -allow pnl cushion to grow and learn other strats -low variance easy
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@CREAMtrader
David Hale
7 months
** Announcement ** Looking for traders interested in trading from a "Co-Op" trading office in Poland. The idea is to: - Share professional office, split costs, share ideas, and provide the optimum environment to succeed. All levels are welcome. Requirements: - At least a
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@CREAMtrader
David Hale
5 months
I was a 7 figure earning trader with only one down year and 20 years experience, but now I found myself in the ultimate battle for survival- I was 40 years old, penniless, suddenly wifeless, sleeping on my dads sofa, and working a side gig for $10/hour Survival of the fittest
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@CREAMtrader
David Hale
8 months
"Scalpers sleep like babies" No worries of sudden overnight geo-political events wrecking a trade, or even destroying one's career. In fact, these "events" and the volatility that accompanies them is exactly what a skilled scalper feeds off
@CREAMtrader
David Hale
9 months
"...teach a man to scalp, and you feed him for a lifetime" Great points here by @TheOneLanceB @InvestorsLive @MikeBellafiore . Wanted to add my two cents about scalping since I've been doing it fulltime for 23 years. - A good scalping strategy provides the ultimate edge!
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@CREAMtrader
David Hale
9 months
The two most dangerous phrases in trading: "I think" and "I feel" Stop thinking and feeling! Instead, operate mechanically: "If A does B, then I do C"
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@CREAMtrader
David Hale
10 months
IT'S FREE! Cash Rules: Reminiscences of a Day Trader is FREE on Amazon Kindle for a limited time! @TheFlowHorse said "There isnโ€™t a more honest and raw story about the life of a trader" @AlphaMind101 said "An outstanding book..authentic..unfiltered"
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@CREAMtrader
David Hale
8 months
Since I've got the equivalent of a PhD in losing, having over 23 years of hands-on experience researching this subject... I present you with a definite list of the THREE TYPES OF LOSING TRADES: Let's start with the least painful type of loser..
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@CREAMtrader
David Hale
6 months
โ€œDelusions of grandeur about being part of the world of high finance must be swept aside; most efficient day traders are akin to scavengers, picking up the scraps that big players leave behind.โ€ ~ Cash Rules: Reminiscences of a Day Trader
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@CREAMtrader
David Hale
8 months
This explosion of "funded prop accounts" and "funding challenges" is the most toxic thing to hit the day trading world in years! It's sad to see so many people get taken advantage of Here are the ONLY 2 reasons to trade with a prop firm: 1) You get HIRED by a reputable prop
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@CREAMtrader
David Hale
11 months
Big thanks to @worstcontrarian and @TheFlowHorse for their kind (and unpaid) words about the book. Cash Rules now #3 Amazon Best Seller!! (*U.S Kindle: Stock Market Investing Strategies, best seller). Mean Reversion Trading we coming for you MF'er!
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@CREAMtrader
David Hale
5 months
To all the traders posting congratulatory 2023 PNL posts.. Take a moment to think about all the less fortunate underachieving traders out there; traders who would now like to see you die a slow and painful death
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@CREAMtrader
David Hale
9 months
The ultimate goal in trading is SURVIVAL: - Develop healthy trading habits (discipline) - Develop a trading plan and strategies with an edge - Build confidence - DO NOT BLOW OUT YOUR ACCOUNT The trading gods WILL eventually show mercy; just make sure you're still standing
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@CREAMtrader
David Hale
6 months
I'm a stinkin' rat. @Bthestory87 got me to spill my guts and break the prop trading code of silence! In this interview, I share the strategies and methods that have made me and my trading cohorts the vast majority of our cash over the years
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@CREAMtrader
David Hale
8 months
โ€œDelusions of grandeur about being part of the world of high finance must be swept aside; most efficient day traders are akin to scavengers, picking up the scraps that big players leave behindโ€ - Cash Rules: Reminiscences of a Day Trader
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@CREAMtrader
David Hale
7 months
Don't overcomplicate things! The simplest strategies oftentimes offer the most edge A big chunk of my profits over the years has come from this simple scalping strategy: - stock A moves with stock B - stock A slightly lags stock B - when stock B goes up โ†’ I buy stock A
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@CREAMtrader
David Hale
4 months
The pressure of being the follow-up guest to the bouffanted and silver-tongued @therobotjames is more intense than battling the most insane market
@risk_biscuits
Risk Biscuits
4 months
๐Ÿ”ฅInterview #11 - David Hale I interview trader David Hale aka @CREAMtrader , we talk all things markets including prop days, being down on your luck, and exploiting "glitches" to trade profitably. Check it out ๐Ÿ‘‡
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@CREAMtrader
David Hale
5 months
โ€œIn trading, itโ€™s not losing money that hurts most, itโ€™s rather the disappointment in oneโ€™s performance; self-loathing comes naturally when your lack of discipline costs thousands of dollarsโ€ ~ Cash Rules: Reminiscences of a Day Trader
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@CREAMtrader
David Hale
2 months
Had great time in Krakow, hanging out with a great crew of Polish traders. Some amazing traders here in Poland, and @DayTraderPL always throws a great party. These meetups always rejuvenate and motivate. Ready to make some cash!
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@CREAMtrader
David Hale
8 months
Typically the best fix for problems with ones trading is just to walk away....That could mean walking away for minutes, days, weeks, or in many cases, permanently This may seem like an easy fix, but in fact, it is the hardest thing to do
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@CREAMtrader
David Hale
4 months
Trading โ‰  speculating There is a LOT more edge finding mispricings, inefficiencies, arbitrageโ€ฆ Than speculating/hoping/guessing/praying that an instrument will go up or down
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@CREAMtrader
David Hale
10 months
When searching for that ever-elusive "edge", there's no better place to turn to than the world of volatility trading; where else will you find a stock (ETN) that has gone from $20 billion to $17.00! Here's my guide to $UVXY and volatility trading $VIX $VXX
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@CREAMtrader
David Hale
10 months
Just finished Laws of Trading by @AgustinLebron3 . Great book, one of the best trading books I have ever read. Well written, well-researched, and enjoyable to read. Every trader serious about upping their game needs to read this book
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@CREAMtrader
David Hale
8 months
Crispy and the boys killing it again! This crew and their professional trading floor help easing all the worries I had about all these sketchy โ€œprop firmsโ€ popping up
โ€˜Letโ€™s go around the table and make up numbersโ€™
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@CREAMtrader
David Hale
7 months
Yes..Poor fuckin Charlie! Charlie Munger, there is new sheriff in town! ๐Ÿ˜‰ Thanks to all my Polish brethren for making Cash Rules number #1 trading/investing book (on Amazon) in my beloved Poland! Wielkie dziฤ™ki!
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@CREAMtrader
David Hale
4 months
A classic!
@GoshawkTrades
Goshawk Trades
10 months
Sad truth..
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@CREAMtrader
David Hale
7 months
@DipoAdepoju With a JOB at a LEGIT prop firm
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@CREAMtrader
David Hale
4 months
Efficient execution of a strategy with edge is the ultimate goal; making cash is the by-product The secondary goal is to make more than that bastard posting PNL screenshots on Twitter
@AlphaMind101
Steven Goldstein
4 months
The Pursuit of Trading Mastery must be the goal of every trader, not the Pursuit of Money. Pursuing money, rarely wins, pursuing 'Trading Mastery' produces money.
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@CREAMtrader
David Hale
5 months
Been looking forward to this day. @AlphaMind101 new book finally released. Canโ€™t wait to dig in!
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@CREAMtrader
David Hale
5 months
*Update* A group of us is getting an office in Wroclaw, Poland starting in February. Looking for one or two more traders at the moment. Costs around 250 Euro/month. Contact me if you are interested
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@CREAMtrader
David Hale
7 months
** Announcement ** Looking for traders interested in trading from a "Co-Op" trading office in Poland. The idea is to: - Share professional office, split costs, share ideas, and provide the optimum environment to succeed. All levels are welcome. Requirements: - At least a
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@CREAMtrader
David Hale
5 months
Trading is not supposed to be glamorous and fun To find the most edge, and to ultimately survive, a trader needs to get down and dirty, fighting for scraps that the big guys leave behind A good trader should be more scavenger than prestigious finance professional
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@CREAMtrader
David Hale
6 months
IT'S FREE! Cash Rules: Reminiscences of a Day Trader Ebook is FREE on Amazon Kindle for a limited time! @TheFlowHorse said "There isnโ€™t a more honest and raw story about the life of a trader" @larpcapitalwc "One of the best books on trading I've ever read"
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@CREAMtrader
David Hale
7 months
@ltrd_ Elite traders I know havenโ€™t got this memo, still none on social media. Rule is.. if you got a good strategy, then keep your mouth shut
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@CREAMtrader
David Hale
3 months
I've read hundreds of books on trading, and I would have to say @garyseconomics new book, The Trading Game, is one of the best. It's real, it's raw, it's well-written, and gives an inside look at how the big boys really operate. Highly recommend
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@CREAMtrader
David Hale
9 months
This stat blows my mind!! Let this sink in.. @EdBarry4 , trading out of his home, with three small kids, has had only ONE LOSING DAY THIS WHOLE YEAR! That is what we call edge! Thatโ€™s prob better than fucking Citadel. How is this possible you might ask? โ€ฆ Because he SCALPS!
@CREAMtrader
David Hale
9 months
"...teach a man to scalp, and you feed him for a lifetime" Great points here by @TheOneLanceB @InvestorsLive @MikeBellafiore . Wanted to add my two cents about scalping since I've been doing it fulltime for 23 years. - A good scalping strategy provides the ultimate edge!
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@CREAMtrader
David Hale
9 months
Advice to new/struggling traders? Look at crypto! Trading is all about finding an edge and taking advantage of it Lot more edge in getting some free cash from a crypto airdrop, than playing a cup and handle, pennant-busting breakout pattern on a midcap semiconductor
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@CREAMtrader
David Hale
8 months
I was honored to have the chance to chat trading with @Bthestory87 We talked about the the ups and downs of trading, glitches, scalping, being a degenerate child gambler, my expensive dates, and much more...Check it out there
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@CREAMtrader
David Hale
11 months
I keep hearing about โ€œgetting fundedโ€ at โ€œprop firmsโ€ (mainly scams) The ONLY โ€œprop firmsโ€ you should want to get โ€œfundedโ€ by are the ones that enable you to trade on a trading floor stocked with successful traders. Those are tough to find, but do existโ€ฆ @smbcapital
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@CREAMtrader
David Hale
9 months
Glitches = Edge For those unfortunate souls who haven't read Cash Rules, a "glitch" is an inefficiency, malfunction or arbitrage within the markets. In this episode of @chatwithtraders , glitchmaster @skyquake_1 unveils some masterful glitch strategies
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@CREAMtrader
David Hale
11 months
Look at those spreads!! A great reminder never to exchange your money at the airport, and more importantly, the huge edge available in market making. One of my most effective, yet simplest strategies, revolves around me making a market when a big spread exists
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@CREAMtrader
David Hale
10 months
Warren Buffett, even with all of his brilliance, resources and connections has trouble beating the benchmark returns. Do you think that you, sitting in front of your computer at home can do better? Stop forecasting and speculating!! FIND A STRATEGY WITH AN EDGE AND EXECUTE
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@CREAMtrader
David Hale
9 months
The trading strategies that offer the most edge are typically the most simple, boring, and unsexy ones. The best traders I know pick up scaps; more "scavenger" than "finance pro". No trying to pick the top of $TSLA, trade some exotic candlestick pattern, or forecast the market
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@CREAMtrader
David Hale
7 months
The one and only @austinsilverfx was kind enough to have me on his show. We talked scalping, prop firms and trading while on the road..among other things Feel free to play drinking gameโ€”down a shot everytime I say "I know"
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@CREAMtrader
David Hale
7 months
@timothysykes Vast majority of strategies with edge only get hurt by more players. If these elite teachers have winning strategies, then they should be printing cash and keeping their mouth shut, rather than sharing their secrets for small fee
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@CREAMtrader
David Hale
8 months
๐Ÿšจ Warning! ๐Ÿšจ **gratuitous trader lifestyle porn** โ€œJust trading little premarketโ€
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@CREAMtrader
David Hale
5 months
Nice glitch discovered by some savvy Polish crypto traders last night Bybit quoting USD/PLN at $4.89 instead of around $3.89
@szarketh
szark.eฯ„hยฎ ๐ŸŒ™
5 months
Sprawdziล‚em, dziaล‚a ๐Ÿ˜ Na #Bybit moลผna keszowac $USDT do PLN po 4.89 $PLN ลaduje dalej stable na Bybit, zobaczymy czy jutro nie anulujฤ… transakcji ๐Ÿš€๐Ÿซก
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@CREAMtrader
David Hale
10 months
Don't be the trading equivalent of that restaurant that serves Chinese, Mexican, and Indian food. Find a specific tasty strategy with an edge, master the recipe, cook it up regularly, and feast on profits.
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@CREAMtrader
David Hale
7 months
After talking to countless traders over last couple weeks, I feel even stronger that crypto is the best place for traders to look for edge For the trader who is willing to hustle there are many opportunities in these glitchy markets
@CREAMtrader
David Hale
9 months
Advice to new/struggling traders? Look at crypto! Trading is all about finding an edge and taking advantage of it Lot more edge in getting some free cash from a crypto airdrop, than playing a cup and handle, pennant-busting breakout pattern on a midcap semiconductor
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@CREAMtrader
David Hale
10 months
Nav is a legend! Glitch trading at its finest! Disgusting how he was treated. Flash Crash by @liamvaughanBBG , which tells his story, is a must-read for any trader
@GoshawkTrades
Goshawk Trades
10 months
The Trader Who Made $70,000,000 In His Bedroom: Navinder Singh Sarao. I consumed everything about how this man made $950,000 in a day, Then went to jail. Here's the story of the trading legend who made more money than CEOs while living with his parents:
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@CREAMtrader
David Hale
1 year
For a trader, "glitches" offer the best path to riches! For those who would rather skip the wild stories, invaluable trading lessons, and hilarious anecdotes scattered throughout Cash Rules: Reminiscences of a Day Trader, here is your glitch cheat sheet
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@CREAMtrader
David Hale
21 days
Straight from the GOATS mouth Find abnormalities in the market! this is the exact same mindset us mortal traders should have Not speculating or trading fanciful technical patterns, instead taking advantage of abnormalities, or what I call glitches
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@CREAMtrader
David Hale
9 months
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@CREAMtrader
David Hale
5 months
Was little skeptical about Crispy and the boys at first, but thinking these guys legit; no way that a crew that rides SO hard isnโ€™t This also great to see, working in a team like this ups everyoneโ€™s game. Every independent trader should try and form/join group like this
@RelentlessTJ
Relentless Trader
5 months
Day Trading Team House Day In The Life
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@CREAMtrader
David Hale
4 months
Considering @AlphaMind101 passion for, and his understanding of trading and trading psychology, it is no surprise that his new book is an excellent read. Well written and well researched, I recommend it for all traders out there. Here are a couple of my fav quotes..
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@CREAMtrader
David Hale
6 months
The most impressive trading stat I have ever heard is that @EdBarry4 (a scalper) has had one losing day this year! That blows my fukin mind! Still think there is no edge in scalping?? Ed, you are a legend!
@nieto
anthony
6 months
Ed Barry demonstrated publicly how it's possible to quadruple a small account. We chat about his '4x in 4 months' goal and what it was like from his perspective. Thank You Ed ( @EdBarry4 ) and Nate ( @InvestorsLive ) for making this interview possible!
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@CREAMtrader
David Hale
8 months
@larpcapitalwc Easy fentanyl access in those areas also
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@CREAMtrader
David Hale
10 months
This @therobotjames thread is best trading tweet I have ever read. A must read for any trader. This is how a trader should think/talk
@therobotjames
Robot James ๐Ÿค–๐Ÿ–
1 year
How to make money trading, as a random d!ckhead. Trading requires us to buy things cheaper than they should be / sell things richer than they should be. But how could I, some random guy from New Zealand who trades in his underpants, know what things should be worth?
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@CREAMtrader
David Hale
11 months
This is the story of one of the greatest trades I have ever witnessedโ€ฆ It started within me placing an ad selling 5 computer monitors, at what happened to be a ridiculously low price. Within 20 minutes I had a man standing at my door with a cheeky smile and a handful of cashโ€ฆ
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@CREAMtrader
David Hale
8 months
Excited to hear this. @Trader_Dante helped inspire me to share my story and write this book. For years, he's been keeping it real and spreading the honest truths (the good and the bad) about the game of trading. I hope this book does the same
@Trader_Dante
Tom Dante
8 months
@AlphaMind101 @CREAMtrader Iโ€™ve just bought a copy. Looking forward to reading it!
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@CREAMtrader
David Hale
4 months
* Bitcoin ETF Glitch Trade * @TheShortBear is right, the Bitcoin ETF approval did present the trade of the year.. But this trade WAS NOT the classic sell-the-news trade, but rather a classic setup for what I would call a "Glitch Trade" What was this trade? ...
@TheShortBear
THE SHORT BEAR
5 months
This Bitcoin ETF approval sell the news was the biggest setup of the year this far.
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@CREAMtrader
David Hale
9 months
Another great piece by my man @peterkto (shared to me by glitchhunter extraordinaire @larpcapitalwc ) Great glitch strategy! Always look for inefficiencies in market structure. Also some serious tape reading skills (most underated skill) shown by author!
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@CREAMtrader
David Hale
10 months
@Quantaraum Find the โ€œglitchesโ€
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@CREAMtrader
David Hale
11 months
Interesting stat: 90% of my trading profits have come in the 50% of my trading career when I havenโ€™t been married. However, that is really a stat that I throw out there a little facetiouslyโ€ฆ the truth is that the Global Financial Crisis of 2008 and the COVID panic of 2020/21
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@CREAMtrader
David Hale
9 months
Back in 2008 and 2020/2021 I saw many traders miss out on becoming millionaires just because they blew out account days, weeks, or months before markets became merciful
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@CREAMtrader
David Hale
10 months
Here are some of my fav volatility follows. Feel free to add any more.. @VixCentral - VIX futires data @SinclairEuan - His books must-reads for vol traders @RussellRhoads - 2 great vol trading books @6_Figure_Invest @VIXandMore @darjohn25 @vixologist
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@CREAMtrader
David Hale
10 months
Environment is one of the most important factors in any trader's success. The best investment a trader can make is the cost of a desk fee or office rent, which would enable them to be surrounded by other traders (preferably successful ones)
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@CREAMtrader
David Hale
9 months
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@CREAMtrader
David Hale
6 months
This hits sooo hard!
@worstcontrarian
Worst Contrarian
6 months
me asking the boys why we are still grinding it out in the orderbook when we could live on a beach and just retire
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@CREAMtrader
David Hale
11 months
Always fascinated by real estate markets. At moment most markets seem overvalued, but still some bargains out there..In Denia, Spain get a nice 2 bedroom apartment close to sea for under 200k. Great town, good location, spectacular setting. This is view you get for 200k!
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@CREAMtrader
David Hale
10 months
The trading communityโ€™s addiction to technical analysis is reaching epidemic levels! Tragically, reliance on TA is causing too many young promising careers to go up in smoke. Itโ€™s the crack cocaine/fentanyl of the trading world!
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@CREAMtrader
David Hale
10 months
@larpcapitalwc Always said: Bigger the screens, smaller the d@*k my setup
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@CREAMtrader
David Hale
8 months
What if I told you there was an easy trade sitting out there, available to most traders, that could be worth millions and/or make the difference between success or failure in trading... This simple trade involves trading one broker, for another broker that offers: - Greater
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@CREAMtrader
David Hale
5 months
The results of my extensive field research on the effects of drinking alcohol and doing drugs while trading: Alcohol - Bad Marijuana - Generally good Cocaine - Mixed LSD - Was stupid to attempt This study is fortunately a little dated, nearly all of the research was done in
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@CREAMtrader
David Hale
11 months
Glitches = Riches Glitch strategies take advantage of malfunctions, mispricings, arbitrage, or inefficiencies within a market, and truly offer the most edge in trading. For those who haven't read my book, here is a glitch primer.
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@CREAMtrader
David Hale
11 months
Yes, the bots are good at this game, but opportunities still exist... Here is an example. Those are my orders at 29.96 and 30.48... Warning! Do NOT ever be a cunt and put YOUR order a penny in front or below MINE!
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@CREAMtrader
David Hale
8 months
3) Strategy without edge and executed inefficiently OR efficiently - Trading without an "edge" is gambling not trading. - The sharp pain brought by these losers is hazardous and can spiral into feelings of hopelessness. Extremely Dangerous! - Step away or trade simulation
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@CREAMtrader
David Hale
9 months
Whats my average daily P&L when I get less than 6 hours of sleep? How are my trading results when I drink alcohol the night before? This is the type of data every trader should collect and analyze. Here are some more examples of "data points" I have collected over the years...
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@CREAMtrader
David Hale
1 year
Had the pleasure of chatting to @AlphaMind101 on his AlphaMind podcast. We talked "glitch trading", and I wanted to share an amazing example of a glitch strategy. Also serves as a reminder that Essex produces the top traders in the business๐Ÿ™‚
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@CREAMtrader
David Hale
8 months
- It is much easier to improve execution than to find a strategy with an edge - Sharpen execution skills by making things as mechanical as possible. Try to automate. Also, work on trading routine to improve execution
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@CREAMtrader
David Hale
9 months
@tradeservo Still haven't hit maturity, but COVID and the volaitilty of 2020/2021 was main reason for last rebound.. Also made changes in my trading. Swore I'm never gonna get myself in such awful situations again... All about discipline
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@CREAMtrader
David Hale
10 months
haven't taken this course, but after devouring every @therobotjames and @SinclairEuan interview/video/blog/Twitter scribe I can get my hands on, I'm assuming this is the best trader educational course out there
@therobotjames
Robot James ๐Ÿค–๐Ÿ–
10 months
Euan and I are teaching this live course on systematic options trading again. It's a practical course about simple systematic trades, based on clear and obvious things.
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@CREAMtrader
David Hale
7 months
You know you had a good time in Vegas when you leave with gout
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@CREAMtrader
David Hale
9 months
Would call myself a โ€œgood traderโ€, I love the art of trading, but seen โ€œgod-awful tradersโ€ make more in a few days from โ€stealingโ€ a strategy, than I have made in twenty years from developing my own strategies Traders are judged on their profits, not their ability or originality
@therobotjames
Robot James ๐Ÿค–๐Ÿ–
9 months
1. steal them from other people. if you know other people are making money trading an idea, it is often a good idea to pursue it too. this isn't school. the market gods give no prizes for originality or showing your work, an edge is an edge however you got to it.
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David Hale
12 days
As a bottom-picking, top-shorting contrarian, this hits so hard! Itโ€™s a crippling affliction I suffer through. Donโ€™t follow my lead, instead do things the easy way. Ride the momentum, go with the flow, and save yourself misery and losses
@therobotjames
Robot James ๐Ÿค–๐Ÿ–
12 days
if your instinct, when you look at these charts, is to try to short this stuff, then you might want to consider a new hobby.
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@CREAMtrader
David Hale
7 months
Another banger from @therobotjames . This is exactly how a trader should think and talk. Scrolling through his feed IS a prerequisite for all traders!
@therobotjames
Robot James ๐Ÿค–๐Ÿ–
7 months
stop trying to beat djokovic at tennis. the first fundamental problem traders run up against is that there's no beginners' market. you gotta compete for good prices with the best in the market. this is a problem. there are a lot of people better at markets than you.
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David Hale
7 months
Though the alcohol has finally worn off, I am still buzzing from this years #T4AC . Had the pleasure meeting some amazing traders; as soon as these legends started talking trading I knew they "got it" Attending this conference is one of the best investments any trader can make!
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David Hale
7 months
Technical analysis is more art than science Donโ€™t solely rely on TA for your strategies Use charts in CONJUNCTION with other valuable tools
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@CREAMtrader
David Hale
6 months
Will double down on this, especially in current crypto euphoria. Plenty of edge out there regardless of style..scalping, arbitrage, MM'ing.. Here is a great interview with the legendary @ScottPh77711570 explaining how to gain edge trend trading in crypto
@CREAMtrader
David Hale
9 months
Advice to new/struggling traders? Look at crypto! Trading is all about finding an edge and taking advantage of it Lot more edge in getting some free cash from a crypto airdrop, than playing a cup and handle, pennant-busting breakout pattern on a midcap semiconductor
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David Hale
7 months
Seems poor little Optiver is late to the game. These auctions have been the secret cash cow of prop traders in the know for the last 25 years. The play has gotten tougher and tougher over the years, and now this seems to be the death knell I write about these auctions in my book
@liquiditygoblin
Liquidity Goblin
7 months
If you think you have what it takes to start systematic trading but donโ€™t have the cash, give this a go
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David Hale
7 months
What's the point of "trading" down at the store and trying and save a few $'s when every tick in a trade can mean thousands $'s?? Unhealthy habits like this, and my overall failure to compartmentalize my trading has contributed to me falling flat on my face multiple times
@therobotjames
Robot James ๐Ÿค–๐Ÿ–
7 months
one danger in our line of work is the tendency to see important aspects of life or relationships as "just another trade". you gotta compartmentalize hard, or you'll find yourself very unhappy.
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@CREAMtrader
David Hale
10 months
Those who read Cash Rules may remember @michaelswimelar , or "Mike", from the book. He is a lifelong friend, amazing trader (20 years in the game), poker pro, and fellow glitch hunter and bottom picker Here's a great interview with him and @Bthestory87
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@CREAMtrader
David Hale
5 months
Can't wait to chat trading, and life, with the one and only @kimanncurtin tomorrow
@kimanncurtin
Kim Ann Curtin
5 months
Excited to host author David Hale โฆ @CREAMtrader โฉ author of Cash Rules, this Thursday at 3:50 pm ET @XSpaces โฉ Join us!
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David Hale
11 months
He wasnโ€™t speculating, he knew where the market was, and he knew he was getting a bargain; buy low, sell higher. Could call it arbitrage, could it scalping, but whatever it was, it was one hell of a trade, and precisely how every trader should think
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@CREAMtrader
David Hale
8 months
1) Strategy with edge and trade executed efficiently: - losing always hurts but these trades HAVE to be accepted, losing is part of the game - The goal is to execute a winning trading plan, not to win on every trade - With edge and execution, you WILL make cash!
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@CREAMtrader
David Hale
8 months
Honored by @SJosephBurns kind review of Cash Rules: Reminiscences of a Day Trader. Steve is a legend in the trading world; I and countless other traders have gotten healthy chunks of our trading education from this man. One of the good guys out there
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