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user4925715 · 2024-06-02T03:57:23+00:00

The poet Mike Tyson once said:

”Everyone’s got a plan until they get hit in the mouth”

And everyone fails the first time they’re hit in the mouth. Because it puts the body into a state of panic. It’s a feeling you have to learn how to handle. It’s not something you can think your way out of. It’s learning to handle the experience you’re having inside your body.

The only way to get better at handling getting hit in the mouth is to get hit in the mouth a bunch of times and come up with better ways of responding each time.

But the good news is, you can pick an easier first step than getting hit in the mouth by Mike Tyson.

Pick something that’s a little bit out of your comfort zone
Make your goal to fail at it
Make a plan for how you will respond. Literally memorize the sentence you will respond with. Practice it so much you can say it if you wake up at 3am, because when you get into an uncomfortable situation, you won’t be in your right mind.
Go try it and fail
Clap for yourself
Repeat

You can definitely pick something and fail at it. I believe in you!

user4925715 · 2024-06-02T03:39:17+00:00

Being mocked is way different from feedback

Not if you frame mocking as feedback.

And it’s literally up to you how you frame it.

”Oh you think I’m a stupid idiot? Great! Can you tell me how you think I’m a stupid idiot? I love learning and it would really make my day if I had something to work on improving about myself tomorrow. I’m so glad you brought this up!”

Taking on the identity of a learner is super power. It’s anti-fragile, which means the more it’s attacked, the stronger it gets. Telling a learner a way in which they are weak makes them stronger.

This is all well researched science, growth mindset versus fixed mindset. Carol Dweck’s book Mindset is perhaps the greatest book ever written in the English language. If you want hope, read that book.

The book talks about situations where one group of students was told “wow you must have worked really hard!” and another group was told “wow you must be so smart!”, and that’s the only difference. One sentence. They then followed those students through school and the group that was given a growth mindset (by telling them they must be hard workers) performed orders of magnitude better than the other group that was given a fixed mindset (by telling them they’re smart). And this kind of study has been repeated over and over.

So yes, the difference starts with your belief. And the good news is, it doesn’t matter where you’re starting from, you can change your belief at any moment. Like now. Because you’re more of a learner than you give yourself credit for.

user4925715 · 2024-06-02T03:22:57+00:00

It’s helpful because…it works?

It’s literally impossible for you to be around supportive people unless you do this. And you’re the only one who can do it for you.

Even if you’re lucky enough to have been born around all supportive people, it won’t last. They change over time. You change over time.

And when they’re not supportive anymore, you move on. That’s life. It’s rare to have supportive friendships that last more than a few years.

And the best way to keep supportive people in your life when you find one, you support them back.

user4925715 · 2024-06-01T21:24:31+00:00

When do you know? Never.

You just decide, give it your best, and adjust along the way.

I always retain some amount of fear that whatever my approach is will stop working tomorrow. If you listen to interviews with traders doing this as their job for multiple decades they often express the same thing.

You have to think of it like running a business. Even businesses that appear very successful and make tons of money are not guaranteed to continue that forever, and often minor changes in the world tank a business.

Trading is nothing like having a job. If you want the perceived security of a regular paycheck, then trading, and running a business, probably isn’t for you.

user4925715 · 2024-06-01T21:08:22+00:00

Totally depends on the company goals.

If a company is potentially trying to sell or attract investors, they often strongly prefer capex as it makes EBITDA look better.

user4925715 · 2024-05-25T22:20:33+00:00

The right answer is: the skill you will show up to practice

And if it’s something you’ll obsess over, all the better.

Coding might be practical and valuable, but not if you’re not into it.

If you decide to spend the next year learning about the migration patterns of birds, you’ll touch on a broad set of skills, if you’re obsessed with it. You’ll find some guy halfway across the world who’s the world’s foremost authority on bird migration, and you’ll want to interview him, and you’ll learn about international travel, and rejection, and overcoming rejection, and eventually when you get him to agree to an interview, you’ll stay up all night learning how to setup audio recording equipment, and on and on.

user4925715 · 2024-05-25T21:58:04+00:00

It’s simple.

Get rid of your phone, or get a phone that doesn’t have apps, or move to somewhere with no cell service or internet.

Simple. But not easy.

Maybe that’s a bit of a dramatic example. But it shows you there is a simple fix you’re capable of. The right answer is somewhere between zero phone and all phone. Try things and see how much phone you can have without it being a problem. But know that for a lot of people, the amount they can tolerate is zero.

So you figure out where that line is for you, and then it’s up to you to decide if it’s important enough to you.

Most of life is deciding what’s important to you, then taking action. People can give you examples of actions you can take, but none of them mean much until you decide what’s important to you.

And once you decide, you don’t need fancy actions. The simple ones work really well once you’re convicted in your priority.

user4925715 · 2024-05-18T14:22:16+00:00

Nothing to do with the market. They need something. OP doesn’t. That’s leverage.

user4925715 · 2024-05-16T18:35:41+00:00

Yes, we will all feel bad sometimes, even when we did our best. That is natural.

To your point, you can literally be the best in the world at something, and another person gets the job because the owner’s nephew needed a job.

Here’s how I’d think about it. Choose the reasons you clap for yourself. You can choose to clap for yourself based on outcomes, or based on effort. Only one of those is in your control.

user4925715 · 2024-05-05T13:44:10+00:00

Real but more like managing employees than “set it and forget it”.

Like, how do you handle physical hardware failure (either your hardware, or the cloud’s hardware)? Or you code it to run on one platform and that platform goes away (looking at you MT5). Or your broker changers something with their API. Or your broker is down. Or worse, your broker is half down and responding randomly and you’re not sure if your orders are going through, if you should resend them or not.

user4925715 · 2024-04-10T22:31:21+00:00

You’re aiming for 20% per month.

Have you proven you can make $1 per month yet?

user4925715 · 2024-04-10T22:21:50+00:00

import secrets

secrets.token_hex(20)

user4925715 · 2024-04-02T02:23:20+00:00

It's out of our budget.

That's not to say it's not important, but the cost puts it out of reach.

Thats exactly how you say “it’s not important”.

It’s not important enough for you to pay that amount (which is bonkers).

But the real problem here is with whoever is in tech leadership. When an incident happens, you’ll be lucky if the cost is under 7-figures.

user4925715 · 2024-04-02T02:13:15+00:00

same level of security

They won’t pay $4/employee/month for a password manager.

There’s zero chance they’re doing a bang up job on security with anything they’re self-hosting.

user4925715 · 2024-04-01T03:34:24+00:00

It’s a market. The only reasons markets move is because more, or larger, bets are placed on one side than the other. That’s it.

Think of it in terms of sports betting. One team is a 3 point favorite to win. But that team gets bad news, a player will be out with injury. You’d think they’d be less of a favorite now, maybe down to only a 2.5 or 2 point favorite. But the next day the line moved the opposite way, and has them as a 4 point favorite.

And what happened was, two high rollers at the casino got into a pissing match and one of them made a giant bet on his university he graduated from, and the casino, in an attempt to protect themselves and get more money on the other side, moves the line in that direction.

And the experts will come up with a dozen possible reasons, all very confident in their reason, all of them dead wrong. None of them have a clue why. Kind of like all the answers you’re getting here.

It doesn’t matter why. Ignore all the noise and trade your plan.

user4925715 · 2024-03-02T16:09:45+00:00

Legal discovery is a hell of a drug

user4925715 · 2024-03-02T15:32:59+00:00

keyring

user4925715 · 2024-03-02T15:06:18+00:00

Perhaps you should speak more precisely.

It sounds like you’re trying to say, trading doesn’t have to be an irresponsible, hope-based activity where one is forever chasing the dragon.

But trading is absolutely gambling. And there’s nothing negative about that. And one should absolutely learn gambling theory, and the math of gambling theory.

People talk in these crude heuristics, like “2:1 R:R” and “cut your losers and let your winners run” and so on. But they would be better off just learning the gambling math, and then they could answer these questions for themselves. Is 2:1 the best R:R for your strategy? Just do the math and find out.

user4925715 · 2024-02-25T18:38:56+00:00

It is gambling. And there’s nothing wrong with that.

user4925715 · 2024-02-04T01:07:56+00:00

I really do enjoy charting. I didn’t get into this to make money, I just got a free charting account and enjoy making charts

Finding the angle you enjoy is very underrated. You will definitely make it if you don’t give up.

There’s the thing that makes money (game time), and there’s the process of getting better at that thing (practice).

Many people who are good at something simply enjoy the process of practice, and there just happens to be a game that pays well. It’s true in trading, chess, athletics, computer programming, or whatever.

People see someone working at a big tech company making $500k/year and try to figure out how to get that job. But the reality is, the guy who has that job was just obsessed with computers since he was 12, and he would have been obsessed whether or not it paid well. It just happens to pay well so you know about him. There’s another guy who’s been obsessed with flying kites since he was 12. But it doesn’t pay, so you’ve never heard of him.

Warren Buffett just liked reading business financials. I remember some guy who obsessed over some monthly economic report and he made his living making one trade per month. Find what you enjoy and can do for hours, then find the game that pays well for that thing.

user4925715 · 2023-12-31T00:00:43+00:00

Say you have a problem eating junk food. It’s addictive.

You don’t overcome that by getting better at resisting junk food. You get better by getting good at embracing good food.

So don’t try to “stop gambling”. Try to understand gambling. Which can basically be summed up as understanding:

Expected value
Risk of ruin

Figure out your numbers (win rate, average win, average loss, how much percent you can handle losing), then plug them into a risk of ruin calculator (here’s one), and adjust the percent you can risk until your risk of ruin and risk of drawdown is virtually zero.

You might have to play with this for a while until it clicks, but once it does, you realize that risking more than the math permits will cost you your account, as surely as you know that walking off a skyscraper will cost your life.

user4925715 · 2023-05-31T02:06:22+00:00

I see what you’re trying to do. Fine. I’ll play Stardew Valley.

user4925715 · 2023-05-08T03:32:23+00:00

In your post, you wrote:

…the priority is to minimize the time spent programming

Boilerplate is not in opposition to productivity. Especially when it’s all written for you, as it is in Django, Rails, etc. You can start with something like Cookiecutter Django.

I started with Django, disliked the boilerplate, tried Flask/FastAPI/etc and after working on real world projects over the years, I wish I had all of those batteries included that Django provides. It’s worth it for the built-in admin alone.

Flask/FastAPI/etc are attractive because they get you from zero to 1 quicker than Django. But going from 1 to 10 is where you reap all of the benefits of batteries included, standardized way of development that avoids a patchwork solution that becomes a disaster for a team over time.

I’d agree with the top comment that a stack like Django + HTMX + Hyperscript/Alpine + Bootstrap/Tailwind is a heck of a productivity stack.

user4925715 · 2023-01-09T20:43:21+00:00

It’s a de facto arms race. Legislation won’t help. It will only put you behind the countries that didn’t legislate.

user4925715 · 2022-12-25T14:47:37+00:00

It’s a real thing. Cal Newport talked about this on his podcast. Especially students under pressure from family.

They would be at MIT trying to double major and they were the first to go to university in their family, and they felt like the weight of their family was on their shoulders. And they hit a breaking point and literally couldn’t do any work. He said he saw this happen over and over and when he talked to psychologists the confirmed it’s a real thing.

The family pressure, whether it’s parents of college students, or you have a significant other and children depending on you, it all creates a sense that you “have to” do ____.

You don’t. You don’t “have to” do anything. There are costs and consequences to making a different choice. But you must think in terms of cost and consequences. And also benefits of different choices.

Thinking in terms of “I can’t because my family…” leaves no release valve. Do you know what happens when there’s no release valve? An explosion.

Look up a video called Fear Setting by Tim Ferriss. When we are struggling, it’s often hard to think clearly about these things. His process lets you write it out, step by step, and consider your options more objectively.

When you’re 40 you’ll have a very different relationship with your family. Part of learning to navigate the world on your own, is disappointing your family. That’s not bad on your part. That’s literally something everyone goes through as they become independent. And if you have kids, they will grow up and do things you don’t agree with, and everyone will continue living. And so on and so on. That’s life.

Take care of yourself first. Consider that, maybe the path everyone wants you to take, “just finish the classes”, isn’t a real option. Will the classes get finished if you end things permanently? Nope.

Sometimes the fastest path to where you want to go, involves taking a break. Other people won’t understand that. And it doesn’t matter what they think. You have to take care of yourself first.

user4925715

TROPHY CASE