Snakes & Ladders on a Plane: 55% to 70% Traders Lost Money Today So Far

I would argue this is now the best tape. Because its important to make a distinction of talent and luck. Basically, I look for ways to make the game harder and more random to get stronger.

1. Trend traders get trapped late

• Shorts chase after the move already extended

• Then get squeezed on bounce

2. Dip buyers get run over early

• First attempts to buy → fail during the cascade

• Stops hit before any base forms

3. Chop phase kills both sides

• After the flush, market enters unstable bracket

• No follow-through

• Both longs and shorts bleed

There was plenty of movement today… but very little forgiveness