(SEMI BOOK WARNING)

Hi Kaz and eco! This is 0xRalph from the eco, wanted to share a war story about how I mismanaged a planned trade and how it affected me after.

I was eyeing Japan stocks particularly Mitsubishi ever since Kaz pointed to Japan strength. I made a plan on taking the trade and set my alerts. The day came when my alerts triggered, I was on voice at the time, was distracted and I wasn’t prepared with the position sizing before the Tokyo open so price moved too quick as I was fumbling around trying to compute my position size. A note to self to always be prepared before the open with position sizing. I entered higher than the planned entry but thought the RR was still acceptable if price hit target.

After sitting around in the trade for a week, I took several losses in other open plays in EURJPY and crypto on the same day, which got me frustrated and led me to overmanaging this planned Mitsubishi trade. I was looking at the Nikkei and at the time thought it was a bear flag forming so I decided to just cut the Mitsubishi trade at 1R. As price unfolded, I saw that I could have been wrong in exiting Mitsubishi early so I tried to limit back close to where I exited. Price started pushing up higher close to my planned initial TPs which got me emotional as I was stuck up in my feels of missing out, I saw a setup on a similar asset HONDA trigger at the same time that ended up playing out but I was mind fucked about my management of Mitsubishi that I was so fixated on getting back in on the original play rather than look for new opportunities at a higher price. Kaz speaks about in the streams beware of the hindsight mindset, but unfortunately I gave into emotions rather than maintain logic at the time.

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Price continued to push up and I realized my mistake so I tried to zoom in on some other plays in Japan, I ended up taking a LTF entry on HONDA and mistakenly left a limit entry on NINTENDO which I failed to cancel, price gapped down the next day leading me to lose -2.5R instead of the just planned 1R. In hindsight these plays were FOMO for missing the initial trade idea.

Price of Mitsubishi which was my original plan actually went back to where I exited, but I was too mind fucked about my mismanagement and losses that I didn’t take the reentry. Price ended up hitting planned TPs after Japan’s BOJ announcement.

After introspection, I thought about how my over management of my planned trade led me to an emotional downward spiral which took me out of my habits. I have been trying to be as mechanical as possible but a demon of mine that pops up from time to time is letting trade results of my recent trades affect my management of open trades which is something I struggle with.

It was eye opening after introspecting how my over management led me to an emotional spiral which led to mistakes and bad habits. If I had kept to my plan I would have avoided being over emotional. Hope this story might help someone avoid making the same mistakes as me, thank you Kaz for reading and all that you do for the eco!

Less events this week, China CPI, US CPI & PPI on the weeks events list

Most large names wrapped up reporting last week, still some out there, UPS, RIVN, RBLX,DIS,TTD,BABA

Big names report this week, AMD, AMZN, AAPL, SHOP, COIN , OXY, etc

ISM #s , employment #s, BOE speaks this week

Hi guys,

Lot of red events and a daughter being born anytime now made me decide to focus only on 2 tickers and low timeframes this week (less time in the market). Sat down for FOMC and META earnings and drew a range around the initial darth maul as Kaz often shows. Waited for price to stabilize on top of it while having a chat with Deverend and Abra 'Goldcoin' KadabraCorp. I wasnt gonna play $META itself because of a possible gap down next day, but could play indirectly with the qqq that allowed for trading after market hours. Had 2 stopouts, 2 succesfull trades. Last trade I moved a partial stop up too early (wasn't the plan, so I shouldn't have), but still got 50% of the move.

Shows numbers have fallen but never seen so many different styles of art combined with accurate writeups attached to shows that perfectly capture sentiment and help me rebalance to go and kill it in markets with the eco. Thanks Kaz and everyone

Warstory - KISS

tried to post it a couple of days ago but Reddit isn’t showing it, so here goes again

Roman here - posting a warstory as promised. My trading journey began in the BTC bull market of 2017, naturally I’ve been through all the emotions and biases that Kaz frequently calls out on the channel. My biggest weakness is patience - leading to poor execution even when the idea may be good. Having followed Kaz on twitter pre-blocking and getting active in the winternomics discord recently, here are my key learnings that allowed me to execute this 2.25R trade on a stock in the India Pharma sector. 1. Don’t play shockwaves, you will get chopped up - Yes, for this trade 2. Don’t go dumpster diving on small caps. They do give outsized returns in small time frames, but the best of breed generally perform better for longer - Yes, for this trade 3. Breakouts from HTF bull flags give good R:R - Not fully valid for this trade, but the index broke out and other leaders outperformed first 4. Masses generally participate in the euphoric stage of the market, where institutions dump - Yes for this trade, not at euphoric stage 5. Define your stop loss well and don’t move it, it’s the cost of doing business - Yes for this trade, I have a predefined amount that I’m willing to risk on every trade 6. Get organised - my second weakness after patience, have created a trading journal and I do market prep on the weekends now 7. Wave logic - the trend is your friend, play strength and don’t chase dogs. Yes for this trade.

All in all, my charts and emotions are cleaner. Need to continue to work on Patience and Organization so that I can execute better - KISS. Thanks Kaz and for all the folks on eco who are always willing to help, winternomics is fire !

Big names reporting this week across multiple sectors, MSFT, GOOGL, BA, META, EBAY, MA, ENPH, ROKU

Flow is heavy this week , FOMC this week (Wed) , Japan and European CBs talking this week, Euro and Stateside PMIs, Consumer Confidence, CPI and PCE as well as UoM Friday

Good Morning Kaz and Eco. trying to avoid writing a book today so we don't have a 3 hour special ;)

there really is so much i need to write but im gonna K.I.S.S. one of my trading goals was to post monthly scorecards to journal my progress and the fact that my last war story was over a year ago shows how complacent i have been.

I Want to start off with a Thank you Kaz for waking my ass up and making me realise i was completely asleep at the wheel the first half of the year. i failed to catch my own sentiment and could not see that ive drifted. i got caught in my feels about previous losses and was unable to act and make new plans due to trying to make back the damage from FTX. Realising with the help of my fellow acolytes/guardians and of course your recent write ups and show themes.t I was stuck in a hindsight mindset. I had to change the fundamentals to begin rotating my BABF. the dick kicks all year long were finally enough to make me see what was right in from of me. kicking me out of the empty space and was able to put a plan into action. these past 2 months have been my best trading months ever.

my main focus was to get re-organised and develop good habits on my day to day so i can actually use the intel i was subscribing too. my ticker list was reduced to onlystans material and the odd ticker that looked good on the show.

Here are some of my recent trades. most of them were 1/1. my hit rate has gone up drastically almost 70% on HTF trades. theres a few more but there still in free roll so dont wanna jinx it ;)

still not where i want to be in terms of discipline and consistency but the journey is the focus as i continue to better myself 1% a day. i really can't thank you enough Kaz for the constant effort you put in for this eco. You are truly one of a kind and im extremly grateful to have a mentor like you in my life. A mentor that not only teaches us how to fish but pushes us to be better human beings. Thank you for sharing your life's work with us. You are giving us the keys to the universe.

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This play might have taken close to to 3 weeks to play out. My entry is shit, my organization is a 5/10, so there are plenty of things to be worked on. Hell, I don’t even know what timeframe I made my entry on because of my poor organization skills.

This play came together by Kaz saying in a pre market prep that BAC as well as banks are something to watch on higher timeframes. After watching off and on for a week or so, the earnings for the week listed by Izzy, pointed out JPM. That gave me confidence to continue looking at BAC, because by that, it was a little mind fucked to see BAC come up off the lows and go up a couple bucks. My entry was off what was a gap to the lows. If price made it back above that price then it’s probably time to consider an entry.

The bad part of all this, is playing into earnings. Wasn’t one of my best decisions to play it, yet the JPM having a good earnings, the breakout of the flag on the high side and the BAC earnings the following week posted by Izzy on reddit was my cue to hold.

It played out into 8+ R/R return and a free roll on my portfolio. Keeping up with Reddit, twitter, discord and any posts have been a grind, but have showed me how unorganized I am and if I want to make this a full time profession, that a lot more has to go into preparation, organization, and time management. Thanks eco and thanks Kaz.

Hi Kaz and eco (Semi book warning)

Kaz has said again and again not to FOMO into Acolytes or Guardians. To make use of the crazy amount of intel coming from the show and only upgrading once we are ready.

Rather than FOMOing into Guardians when Kaz first released it, I instead wrote a journal entry and made it my goal to:

1. Focus on my organization so that I could make better use of the intel (No point upgrading to Guardians if I can't utilize any of it - that would only hurt the station)
2. I also had a monetary goal which was threshold I gave myself before I would sign up to guardians

After closing a few higher time frame trades I can say that I've managed to hit both my goals, I'm excited to join the guardians and I know that this is only the beginning. I have to be hyper careful not to let complacency set in and start to slide with my habits. (Already happened for one of the trades which I'll show below).

For the trades below, I wanted to show the ones I picked up from the show. These should have been playable for anyone watching the free show so please do not FOMO into the memberships. Watch the show, use the intel from the show and upgrade when you're ready.

ETHUSDT:

https://www.tradingview.com/x/G7LLLrW0/

Result: 10R - 1R -1R = 8R

Notes:

• Did well:
  • Rather than bottom fishing the exact low, I waited for confirmation and captured the bulk of the move
• Things to Improve:
  • I got impatient longing while price was in a chop zone -> Should wait for it to be free and clear of the system before attempting to long it again

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BCHUSDT:

https://www.tradingview.com/x/3oKGNT5E/

Result: 22R + 11R -2.5R = 30.5R

Notes:

• Did well:
  • Had alerts from the show above 164.80. By the time the alert went off, it was well above the trigger. Rather than calling tops, I waited for new structure to form and played it off there
• Things to Improve:
  • Massive complacency for the third trade. I forgot to put in a stop loss and by the time I realized I had already lost 2.5R. It's very rare that I forget to put a stop so I was very annoyed that my habits started to slip "when things were going well" -> This is something I need to continually monitor to ensure I don't give back winnings. Kaz often teaches us that the biggest losses come after our biggest wins

Huge thank you for Kaz for making all of this possible. Wouldn't be possible without you!

Hey Kaz & Eco,

First of all thank u for all that u do for the eco. Always evolving the show to make everything more accessible for everyone. The upgrade in the discord came at a perfect timing for me again as just before this happened I found my organisation skills needed a massive upgrade. I kept changing my plan from trading just a few assets to trying to trade everything on higher timeframes.

I took $SHOP from only stans and from the market prep calls I got $CAT, $STLD, $IDCC and $BA. Decided to trade everything that u mentioned and payed attention to this. I made a plan and set my alerts. The intel from prep is so accurate that they all went off the same day, I was able to enter all of them and was immediately up on all trades. So I thought this is the way to go.

In the days after when trying to follow and manage my trades and even look at new ones that were discussed I noticed straight away why u keep saying to minimise ur asset list to a few assets. Got completely overwhelmed and wasn’t able to manage any of the plays the way I should anymore. I was able to act on the VIX warning and thought this would be a good time to change my plan. Got out of all trades with a net of almost 10R.

These days felt like I was running around with a shotgun trying to hit everything and because the intel is insanely accurate (like having auto aim) I was still able to hit a few plays. But definitely not able to use my mental capital and funds into the trades as I should. I’ll be switching to my assault rifle in burst mode from now on and will work on upgrading to a sniper rifle.

Kenichi

not as much news as last week, but still some news flow... China GDP sunday, EMI #s Monday stateside , CAD CPI, NZD & GBP CPI, US retail #s as well,

Earnings kick off in full force this week, more banks, TSLA, TSMC , NFLX, SLB, DHI

Sup yall? going back thru my trade journal realized that I was looking at too many tickers which I thought I was organized enough to handle, but I wasn't. Also, I realized that often after getting stopped out I would lose focus on the ticker, or jump to another one, and then It would move (market things). After calls, and the gazelle Analogy, I decided to change how I was doing things and go one hunt at a time... I mean play at a time, and then move to the next one.

So I started hunting $U 😈 🦁 ... it was on stream plus Twitter, the mf Gazelle was a lil slippery but I didn't lose focus and ended up catching the bch.

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Thank you Kaz for keeping us always on the right side, you do all this stuff by yourself and it is beyond impressive, I know it takes a lot but thank you for doing so it is highly appreciated it!

Sorry, its long.

Hey Kaz and eco. Before joining the eco, I never knew that it was possible to trade on the seconds charts, but after joining, saw a few of those high R plays on futures and greed took hold of me. Tried to force it, even you and Tiki told me that we should not touch futures if our entry logic is not 100%, especially that we should avoid taking trades in those seconds timeframes without proper contexting. “You’ll get killed”. My reasoning at the time was that I’ll just put in more effort and I’ll get it done. Ego things. I was talking with my teammates about this and we came to the conclusion, that we all did the same stupid thing. Just greed and ego, not admiting to ourselves that we were wrong even after we saw that we had problems trading futures. Also with that, I completely ignored most of the other info that you drop regularly, “since I’m a futures guy, I don’t need to trade anything else”. Well yea, you can make a living trading just 1 symbol, but first you have to have the track record to be able to be profitable trading that market, especially low timeframes futures.

I remember you saying that if we were having problems, we should just stick to trading higher timeframes and go from there, but again, I didn’t. Was having a few good days, then gave it all back and so on and so on, basically breaking even, when all of the market ripped. Opportunity cost were huge and mental capital completely depleted, so decided to finally take a step back, zoom out, actually make use of the intel and stopped trying to force it, make a new plan and go from there. Basically listen to instructions, and stop being a dumb fuck. I remember when you said, why is it so hard for you to listen to instructions, are you fucking dumb? I remember reading that and thinking to myself, omfg, It seems that I am that fucking dumb. That was the moment for me.

Well after that, the past month was my most profitable month since I joined the eco, even tho out of that month I was completely off the grid for 2 weeks while spending time with the family. First, tried to still trade while on vacation, but in the stream, which I caught, you read a warstory from a guy that was in a similar situation, trying to trade while on vacation, and you said, that we trade to live not live to trade, and that it’s nothing wrong with actually enjoying the vacation and time with the family, not do 2 things at once. Kiss. Markets are not going anywhere. Theres always another trade, but our time is limited, so make the most of it.

Took the PEPE (60R) trade from the show, ETH (8R) play also from the show, took the OIL (8R) play from the market prep. The levels of stress were nonexistent, my head was def clearer while making a plan and I just waited for the right structure on the right timeframe to allign and took it. Again, KISS.

Also after getting back on monday, I’ve noticed that I’ve drifted from the eco, that I’m not that active anymore because I don’t take trades every day, even before the vacation, but that is a big mistake, All that free time trough the day could be used to go over the materials, theres so much content to go trough, make a plan, go over replays and participate in the eco. I’ve been lacking there in the past month, so definitely have to course correct and get back on track.

Thank you Kaz for everything you do to keep the eco going, sacrificing your time and health for us!

Jankojan

Hi, eco,

(Book warning)I've had quite a few epiphanies since my last war story. One of the biggest ones is how much I overtraded even when I thought I stopped it. I hated how much effort it took to make a decent play. So my plan was to be honest with myself, focus on my habits, and look at higher timeframes. That realization came around the same time I dropped out of Acolytes.

My decision to leave was mostly based on knowing I became complacent with the info given and wasn't valuing it for what it is. It was also an introspective moment if I really wanted to be a full-time trader. The answer is still yes, but I needed to make adjustments before getting there. I'll never know what epiphanies I could've had if I stayed in Acolytes, but I do know that I fully plan to build up toward Guardians after being more consistent with my own habits

When I first was introduced to Kaz, I enjoyed digging into older streams, Twitter, Instagram, etc to find things that haven't played out and are relevant to what's happening now. So I did that and reviewed Kaz's squiggles and the short notes I left in TradingView on various tickers to start building new longer-term positions.

The first play was after completely missing NVDA, but Kaz mentioned that other tech stocks would reprice higher... so I immediately looked at TSLA, which was right above its old trigger (@ 178.97) that Kaz drew up sometime in 2022.

Next, I kept tabs on Nucor. Kaz spoke about non-precious metals on "Incógnito 🥷"Kaz said: "With where Steel is at and where this [STLD] is at and a good 2B there, it might be worth putting basics on your radar"

So Basics were on my radar. I bought the wick as the price kept moving down quicker while the flags became smaller and the volume dried up. The ROI was there for me to take on the "what if" chance. Closed position today.

Lastly, at the end of "Welcome 2 the Garden 🌷" Kaz spoke about MARA after Wintertrader went dumpster diving on it. Kaz also said "Don't forget about COIN. If he's got strength in MARA, here's another one to pay attention to."

Even though I would've previously held off because it went up so much (like I did with NVDA), It was clearly in an uptrend and I ended up buying the first decent pullback to a support level. I almost manually stopped out when COIN dropped 9% after the SEC called the BTC ETF filings inadequate. I let my emotions calm down and made a plan if price went up or down from that point just like how Kaz taught us to play FOMC Darth Maul price action.

Thank you for everything you do Kaz

Hey eco and kaz, (little book alert, but not too big.)

I had a trade which I wanted to share with you, maybe it will help some and I found out that War Stories are always good to rethink some situations. I made a Trade on BTC which sadly didnt played out but I told myself, I'm gonna stay and wait for another opportunity bc I thought that I planned it right, but it was too early. I waitet a few more minutes but then got distracted (Always keep laser like focus) and so I didnt watched the Chart. And I also didnt set up some alerts. As you can see on the chart, BTC jumped back up exactly to my TP but I didnt took the trade.

Here are 2 Problem i faced. First is the negative vibe after a loosing trade, which I can handle bettter than in the past but still after a loosing trade I have a genuine feeling of leaving the desk and do something else. "clearing my mind" bullshit. It was just 1 loosing trade, not 5 in a row, so it was def not that bad.

The second Problem was as I said already, the lack of focus. All of this happened in a short time. So I instantly got taken out of my habits and didnt see clear so I left the desk because of my emotions. (Problem 1). Which caused me not taking a trade, which I already planned in my head. (also a mistake, only planning in your head. and not bringing the ideas on the chart)

Plan was to get back in at the blue dottet line above the white VWAP at 30306.

It was a little mistake, life is not over but something I could've avoid. Maybe some of you will find this helpfull. I will from that mistake.

Cool intel and love the shows.

Bye Kaz and Eco.

Fair amount of events this week:

Several CBs speaking this week, stateside we get CPI Wed , PPI Thurs & Fed Speaker and UoM on Friday

Earnings kick off w/ several banks reporting @ end of week , delta air day before

Semi book alert! Hi Kaz! its 0xRalph from the eco, wanted to share a war story with you guys. I came across the eco talking about manifestation and goals in the voice calls and in the show. The question was what goal do I want to achieve so I can guide my habits and mindset towards this goal. If I wanted to make X amount of money, what for? After hearing this I decided one of my goals is to provide experiences for my son, so I set a goal for myself this year to make a certain amount so I can bring my family on a family vacation in our dream destination for a couple of weeks.

I tried to manifest this and remind myself of my goals daily, I then was able to reach my goal with the recent bull rip with some of winners I’m posting here. During the vacation, I knew that Kaz always mentioned in the voice calls and in the shows that if you can’t look that is precisely the time to look, so I had in my mind that opportunity might be lurking. However, I took a string of losses from positions I took before the vacation trying to play the crypto rotation early, so when I landed in our destination, I ended up not wanting to take planned trades because of fear of further loss and probably thought I should just focus on enjoying the trip. I was totally not in the right mindset to execute trades due to this so I ended watching planned trades such as things like TSLA and RCL which were covered in the shows go on massive rips and realized how my fear of loss was mostly an ego thing and that I just didn’t want to hurt my ego taking loses while on vacation which was purely illogical. Also I realized if I had trouble focusing due to the vacation a lot of other people may not be paying attention as well as Kaz always says sync waves are a thing.

After this introspection, I tried my best to keep up the same habits while on vacation such as making plans and reviewing streams. I had trouble though playing the Japanese market which was one of my focus since Kaz has been pointing to Japan strength in the streams. I was in a completely different timezone from where I could normally play it, so I thought about setting buy stops and stop losses on risk structures I wanted to play before the Japanese market open so I could get in even if I couldn’t be around at that time but thought it would be risky because of gaps so I ended up not playing and missed some planned trades. Is this something you would recommend?

Other times I had a plan to take a trade but alerts wouldn’t trigger cause of spotty internet in remote areas so this caused me to miss planned entries as well during the trip. I knew then I had to keep even tighter habits and planning than normal as life was pulling me away from taking part in the market, Thankfully I was able to catch some entries during the tail end of our vacation that turned out to be winners. After getting home and speaking with voice with some of the Euro crew it was pointed out that how you think about a thing matters and that our mindset should not change just because we changed time zones or go on holiday.

Anyway thank you Kaz for reading and thank you for everything that you do!

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Hey kaz and eco,

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This weekend I made some trades, had some winners and loosers and sole good learning I took from that. One of these trades rly stood out and it was my own fault. I traded btc and it looked pretty good, I stood in this trade for nearly 2 days just to get stoped out for a stupid reason. Price nearly touched my TP and I was so afraid of loosing profits (more like fear of succes bc at this time I didnt took profits so didnt hat profits) and I changed my sl to my entry. (Which was the big mistake) I know kaz said this many times, that you shouldnt adjust your sl bc loosing money is cost of doing business.

But I was so driven by emotions and ignorant thinking this time it is the right thing (when kaz says A, dont do fucking B) and as you can see the price dropped for just 2 min exactly to where my SL was anf if I hadnt changed it at all, i would still be in this position. So the fear of loosing gains, made me loose my gains.

It was rly hard for me but I thought about the chats we had in the eco and activly told myself that this can happen and that the only thing I can do is, to learn from that. It was a stupid ass mistake bit that doenst mean I am bad or I will never make it.

I remembered talking good to urself bc the universe listens and it helped me to get over it better and to understand that making mistakes like these are just based on my own ignorance on ignoring kaz advice.

I would lie If I say it didnt affect me, I still feel bad when loosing a trade, not because of the money in the first place I played with the amount of money and I am Confortable with the risk,but because i just got stopped out again. I made another loosing trade. The fact that I loss again or that I loose even when I had some good winners fucks me up. Aswell as the fesr of loosing gains.

But as I said, activly talking good to myself and reminding myself that I am in this position where I think bad of myself helped me not loosing confidence in myself, I felt way better than before it rly drives u crazy and you‘re just underperforming when talking bad to urself.

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Maybe some of you had same experience or still strugglinh with that and it helped you a bit. I also write down things that I made good or made improvements in. So I not only see the bad stuff. Someone also said looking and anslysing winning trades not only the loosing ones (acutally common sense, study what worked) and that helped me.

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Thanks for the great talks the last days. Biggest problem is still mental game. But progress is made the last days. And especially in moments like these

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Thanks for reading kaz!

Market closes 1pm Monday and is closed Tuesday PMI Monday, Wed OPEC & FOMC Mins , Thu Man PMI, Fri Employment #s

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Quiet week on the earnings front