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Vol. I · No. 001
Wednesday, June 3, 2026
Houston · ET
Issue 022 in print

Longboard.

A daily for traders who would rather be right than fast

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Your best trade might be the one you refuse to take.

An essay about subtraction, which is the part of trading nobody puts on a hat

Look, here is a thing nobody tells you when you start trading, or maybe they tell you and you just don't believe them, which is fine, I didn't either: a non-trivial portion of your edge — possibly most of your edge — is in the trades you don't take. Which is a deeply unsatisfying thing to say. Nobody made a movie about a guy who didn't trade.

There is a trade you almost took on Tuesday. You were watching it. The setup was almost there. You felt that thing in your stomach where the chart looks ready and your finger is hovering and the only reason you're not in is some small voice that's saying, eh, not quite. And then you didn't. And then it ripped without you. And you spent the next forty-five minutes feeling like an idiot.

Read the full piece →

Your account should not be a democracy.

On leadership, governance, and the unflattering fact that most retail accounts are run like unstable coalition governments.

More from Longboard

Confidence is built, not declared.

On self-efficacy, grandiosity, and the quiet compounding that happens when you stop declaring confidence and start building it out of things you can actually point to.

§ From the latest essay

The trades you skip don't make it onto your P&L, which is exactly the problem — they're the most important trades you'll make.

— Issue 022 · Your best trade might be the one you refuse to take.

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One essay, one trade, one chart. Wednesday mornings. Free, slightly cranky, occasionally useful.