Small business UPDATE - Our immediate family was laid off from casinos in Las Vegas, but we're keeping strong by moving them to Seattle :) Along with Cure Cocktail, we're launching Remedium Island Grill on Uber Eats! Hawaiian & Filipino BBQ in the PNW that you can get free delivery <3
TLDR: We're the family behind Cure Cocktail who made the news delivering cocktails. We recently had our immediate family laid off from their casino jobs in Las Vegas. So today we are launching - Hawaiian and Filipino BBQ to go on Uber Eats with Remedium Island Grill. If you are able to support us and enjoy BBQ, Burgers and more, we hope you enjoy our expansion of our family's food offerings. UPDATE and why we're foundingRemedium Island Grill our sister restaurant. Since March 15th and Inslee's bar closure mandate - to the scattered phases, tear gas at Cal Anderson, the creation of CHOP and more, we've been pulling through as a family and small business as best we can. We still host virtual zoom happy hours and bartending classes, and deliver charcuterie, cocktails and wine to the safety of your home! In Las Vegas, where we were originally from, casinos were also shutdown due to the virus. Boyd Gaming and the Station Casinos immediately laid off staff, and also used the opportunity to replace all senior staff for those with lower wages. ie - our parents. Two big factors - Our parents are only a few years away from retirement and Medicare, AND our lease at Cure Cocktail ends soon, and we always wanted a spot with a full service kitchen. For those who've been to our small bar - we've never had a full kitchen with stove and hood. Remedium is an expansion of Cure - we thank you all for voting our bartender Joe as Seattle's favorite bartender - and now with mom and dad here we hope to serve you at the dinner table as well. Remediumis about heritage. Authentic cuisines that we grew up with. Mom was born in Guam, raised in the Philippines, moved to Hawaii as dad was stationed there with the Navy. The Pacific Islands and it's BBQ flavors - comfort foods, unapologetic mixes with other cuisines - American (Hawaiian Burger), Japanese (Saimen/Ramen Noodles and Masubi), Chinese with Shanghai Lumpia, we know will be a great complement to the diverse tastes here in the PNW. In the coming weeks we will slowly open with socially distanced in-dining on 15th and Pine. We'll start first with Uber Eats and food(charcuterie and now BBQ!) deliveries with our Cure Cocktail. Then we'll open our walk-in takeout window for you to experience our Steak, Chicken and shrimp kebabs. Hell we'll give you a literal pineapple with your meal! We hope to serve you at our new bar, and serve you some great food. Then we can talk and reminisce about how much a roller coaster ride these months have been. For now, join us on our Hawaiian Roller Coaster ride <3 Much love all! The Team at Cure and Remedium.
The Sky Garden Grille on Ocean Casino's Roof is most excellent
We were visiting for Brigantine a week and usually try to do one nice dinner without the kids. Of course all the fancy indoor dining restaurants are closed down but I found that Ocean casino had opened a rooftop pop up grille. Everything is cooked on BBQ grills and smokers, but they also have a thai-fusion thing going on. It's pretty good, I just thought people might want to know it exists. You definitely should make reservations in advance, there are a lot of hotel guests who try to show up last minute even on a weeknight and got turned away. https://www.theoceanac.com/venues/skgrille/
The Forum After Party at The Century Bar and Grill at Hollywood Park Casino- October 11, 2019 Directly following the show. All are invited!!! VOLUNTEERS NEEDED! Details and sign up in thread!!!
HiHey EVERYONE!!! While I AM STILL trying to work out some last minute details- Busses to the casino are STILL a possibility I am working on, with emails being traded as recently as yesterday I am happy to announce the FINAL details for the after party! The after party will be held at The Century Bar and Grill at The Hollywood Park Casino. The Century Bar holds 200+. If in the event of more people, we can spill over into other areas, and their lounge, Raise is adjacent to the Century. We can also enjoy any of the games and tables the casino provides should we chose to do so. (If anyone does, may The Fox God be with you for luck!) Details- Flyer for the event Time and Place- The Hollywood Park Casino, 3883 W Century Blvd, Inglewood California Directly after The Forum Show. Venue Website and Phone Number- Website- http://www.playhpc.com/dining (Includes a "virtual tour' of the location) Phone number- 310-330-2800 Food and Drink menu- https://drive.google.com/file/d/10GG3wdmMnRS2vVd56z791yDz1nqPDfaB/view?usp=drivesdk Drink and Food Specials - 11:30pm to 1 am Late Night Happy Hour: $2 off draft beer or glass wine $2 off all appetizers $1 off all well cocktails Directions- Using Google Maps- https://www.google.com/maps/diThe+Forum,+West+Manchester+Boulevard,+Inglewood,+CA/Hollywood+Park+Casino,+3883+W+Century+Blvd,+Inglewood,+CAfirstname.lastname@example.org,-118.340854,13z/data=!4m8!4m7!1m2!1m1!1s0x80c2b6545d4575cb:0xb1eeeaa0c8fa6906!1m2!1m1!1s0x80c2b65c71b04745:0x927abaf881cacd88!3e0 NOTE- Safety has been a concern regarding the area surrounding the Forum. It is STRONGLY RECOMMENDED that everyone take some type of Uber, Lyft, or cab to the after party, and ride sharing is encouraged! Event Info- The Century Bar and Grill is an American Eatery, with standard fare at seemingly reasonable prices located just as you enter the casino. It comfortably holds 200, and we can spill over into the adjacent lounge if needed. It offers a late night happy hour. They are expecting us, will be playing a rock music program, and it should be a great place to gather after the show! Facebook event page- please check in if interested or attending!: https://www.facebook.com/events/1782820115358437/?ti=cl After Party Sign in sheet- https://docs.google.com/forms/d/1M41nktmeAbi_NdtxrGHYJcUk1LJ_FdiFAECKH2budKQ/edit?usp=drivesdk For the love of the Fox God, if you plan on attending, please sign up so that I may give a proper head count-estimate to the venue! Now, for some sad news (for me)- Due to work issues, and some real life stuff, I am SADLY unable to make it to the Forum or this party. So, I am going to rely on some of you to help ensure of its success. With that being said, I need some volunteers for the last minute work- Volunteers needed!! Day of the show- I need as MANY folks possible to hand out some flyers, and let everyone know about the party. Handing out Flyers- If you can print out some flyers, and hand them out on line prior to the show, it would be a great help! You can use the above full color, or this black and white version . HTWingnut has also pit together this business-card sized template , which may be easier for some people. HT Wingnut also suggested printing a few full size color flyers, and (politely and neatly) posting them up around the venue as posters for the event. There are MULTIPLE entrances, so every little bit helps! The Wonderful Journey Pops- Kmudametal will be escorting the Wonderful Journey Pops to The Forum!!! This will be their THIRD appearance at a concert or after party, with the first two being Legend S in 2017 and Innsbruck in 2018. Our idea was to set the Pops up at a table, take photos of them with the fans, and "LIVE TWEET" them at the party throughout the event. Kmuda can't do this alone, so if anyone can help him out, that would be very welcomed. Must have a working phone with camera and a Twitter account, and work closely with Kmuda regarding this. Safety of the Pops is also a concern, so known members or participants of the journey are encouraged. For anyone not familiar with The Wonderful Journey, or the Pops- http://www.babymetalwj.com/ Check out BM Wonderful Journey (@BM_W_Journey): https://twitter.com/BM_W_Journey?s=09 Video slideshow- There is a possibility of accessing video for a slideshow throughout the event. All that would be necessary is someone to put something together on USB, (hopefully on a loop?) and run it. You would have to meet with staff on site at the party, give them the USB, and get it set up through them. If interested, let me know below, and I can DM you with info as soon as Jessica (events at the casino) gets back to me regarding this. Liason with staff, assist with party- If a couple people just check in with staff as we arrive, make sure all is set, and most importantly, HELP EVERYONE gather together, it is VERY useful. Believe me, I did this for The big party in Hollywood in 2017, and organizing this crew is like corraling cats, but it helps everyone find each other, and is a GREAT way to meet everyone! MOST IMPORTANTLY- HELP SPREAD THE WORD!!- Involved in other fan groups? Let them know! Have a twitter and in touch with other fans? Tweet the party and flyer! On Facebook? Share the event!!! I've been posting about the event throughout the planning stages, but welcome everyone to join in- the MORE KITSUNES, THE MERRIER!!! If you are attremding, please respond and say hi bellow. If you can or want to volunteer, let me know in the comments- And most importantly... HAVE FUN EVERYONE!!! SEE YOU!!! -BRIAN
Victoria records 3 new local cases and 0 new overseas cases
New cases reported in the last 24 hours
+3 new local cases:
All three of the locally acquired cases in the community have been identified as primary close contacts of the existing cases in the Mentone and Mitcham clusters.
There are now exposure sites in Albert Park, Bairnsdale, Black Rock, Box Hill South, Brighton, Camberwell, Cape Schank, Caufield, Cheltenham, Doveton, Forest Hill, Fountain Gate Shopping Centre, Hallam, Glen Waverley, Lakes Entrance, Leongatha, Mentone, Mordialloc, Melbourne CBD, Moorabbin, Mount Waverley, Oakleigh, Southbank, and Wonthaggi and we expect this list of exposure site to increase over coming days as contact tracing continues
+0 new overseas cases.
Recap from yesterday:
All 18 of the locally acquired cases in the community have been identified as primary close contacts to the existing cases in the Mentone and Mitcham clusters.
Genomic sequencing results have been received from the samples from the Victorian outbreak, and it has established they are directly linked to the New South Wales cluster.
There are now exposure sites in Black Rock, Brighton, Cape Schank, Cheltenham, Doveton, Forest Hill, Fountain Gate Shopping Centre, Hallam, Glen Waverley, Lakes Entrance, Leongatha, Mentone, Mordialloc, Melbourne CBD, Moorabbin, Mount Waverley, Oakleigh, Southbank, and Wonthaggi and this list of exposure site will increase over coming days as contact tracing continues.
⚠️ There are new case exposure sites, please see information below.
Viral fragments have been detected in a sample of wastewater taken from the inlet to the Lakes Entrance wastewater treatment plant on 29 December. The Department of Health and Human Services is urging anyone in the Lakes Entrance area with any coronavirus (COVID-19) symptoms, no matter how mild, to get tested and stay home until they receive their result. Bairnsdale Regional Health Services drive-through testing site is open from 9am to 5pm on New Year’s Day and over the weekend.
Inspired by @BuffaloEats on Twitter, what was the best meal you've had in Buffalo this year?
The tweet in mind. What was the best meal you've had in the Queen City this year? I've had a few bangers.
Eggs benedict at Mon Ami downtown. Especially unique because it isn't served on an English muffin, but rather a toasted croissant. It's delicious.
Crab roll at 2 Forks Up in Getzville. A relatively hidden gem in Getzville that serves amazing seafood. The crab roll was a little small but extremely tasty.
Filet Mignon at Western Door Steakhouse (Seneca Niagara Casino), Niagara Falls. May be the best steak I've ever had. Cooked flawlessly and extremely flavorful.
Grilled half chicken with mango chutney at Eagle House, Williamsville. This was a summer special but it was delicious. The chicken was very juicy and the chutney was fresh and flavorful.
Jambalaya at Louisiana Cookery, Cheektowaga. Spicy and served in giant portions. Hidden gem on Walden.
Ahi tuna tartare at Left Bank, West Side. Delicious appetizer.
Own No Koksware, Sun Cuisines, Amherst/Riverside. May be one of the most unique soups you can get. It's a rich chicken broth cooked with coconut milk and turmeric and served with fresh vegetables and chicken.
My 1 Year Anniversary of Full Time Day Trading. 3 Years In The Business. What I Wish I Could Tell Myself Years Ago.
This industry has a lack of transparency so I'm more than happy to say I will provide lots of that throughout this post with screenshots. There are LOTS of imgur links to back what I say so it's not just words on a post expecting you to just believe what I'm typing. This post I suppose is "Part 2" my post back in April, "After 2 years of Daytrading. 7 months full time. Here's my advice". I'm doing this to update everyone who came/comes across this in the future. Yes, it is possible. No, it won't be easy. You will pay homage to the rite of passage into this career. I'll also provide some examples of styles of trading so for the newer aspiring traders, there will be some things I rarely see discussed on forums. So here's to 1 year of Full Time Day Trading TL;DR - You'll become desensitized to trading. Stubborn to other strategies (There are biggebaddemore lucrative strategies. Don't chase them. Why fix what's not broken? I know what works for me and I'm content with it. No strategy is better than another. It's a personal choice. ). Losing individual trades won't faze you, they're inevitable. Profiting certainly feels better. After a while, you won't be as enthralled to trade every morning, it'll become just another part of your day). Trading is just managing your money through a statistic and the medium to execute it is trading on your platform. Think: "If. Then. Because". Your trading plan should be that black and white. Ask "Why" for everything you do and use. If you can't answer it with documented results, drop it. I get a bunch of messages all the time from people asking - . Out of those who follow me and chat me seeking further tips through my previous posts. I'll be answering the FAQ's and addressing things I see frequently in this sub as far as trading axioms Disclaimer: I won't sugarcoat anything. I'll share my experiences and add pieces of advice I'd give to those who are currently experiencing the same thing becoming a full time day trader and what day to day life is like, the occasional distress, (DRAWDOWNS). Some of you follow my Twitter for the past few months where I post my daily watchlists with a snippet that reveals my DayTradingBuyingPower. I do this not to brag but to demonstrate that the account does yield growth, I pay myself, and there are days where the balance does not move because there was no edge. I also do this since nobody else shows their account performance. (Yes. You, Mr. YouTube gurus and wannabe gurus). We do this for income, the numbers on our accounts are real. Treat it as such. Get your initial capital out of your account THEN try to "Scale your account" with your profits AKA The Market's Money. I'll go over: •FAQ's that I get in my inbox (I'm still welcome to further questions if I don't answer here) •Decision Fatigue (You will experience this) •The previous year (2019-2020) of ups and downs •How to use my watchlists that I post on Twitter in the morning to your advantage •The pivotal moment that changed my trading career (NFLX 10-17-19) •The road to becoming a full time trader. (It won't be fun unless you're handed the money) •You'll have a better grasp of my strategy (Between ProTip 4 and 5. ProTip 8.) There are 10 "ProTips" throughout the post that I wish I could tell myself years back and I'll periodically throw them in here as the post goes on. I make posts long in order to segregate those serious about this business and those who will just become another statistic in the failure rate of this business. At the end of this post, I'll go over the frequent questions I receive such as: (Answers to FAQ at bottom of post.)
"How do you prepare for a trading day?"
"What would you go back to tell yourself?"
"Books?" (The most abused question, but I get it. I could start a public library with just trading books I bought over the years)
"What is your background?"
"What is a normal day for you?"
"How did you discover your strategy?"
"What did you do/How did you get started?"
"What is your % return?" (Not a fun question since a trading account is not an index or investment account. Intraday traders do not measure performance in %. Most are measured in "R".)
"Is enough to start trading?"
"Why do you need so many monitors"? (This one is rarely asked but I do see it discussed on platforms and people trading on mobile phones love giving flack to anybody who trades on multiple monitors. Hint: Everyone's different. Whatever works for the individual. There are no rules in trading. The only rule is that it works.)
Background: I heard about daytrading during the 2008 crash while in high school. We all want to make more while working less. I entertained day trading from time to time but always realized I never had enough money. Horrible mindset because I could have still researched WHILE saving money to put into my trading business. 2015 -I opened my first trading account with Scottrade while in the Marines. Apparently if you have a net worth of over $1,000,000 you can get out early (Biggest rumor ever). I frivolously bought crap penny stocks. In short - I was a hair away from gambling. What made it NOT gambling was the fact that at least I owned something tangible (Securities of a company) and anything can happen. Buy low sell high was my strategy. Didn't work obviously. No idea what I was doing. I'd buy and hold hoping to wake up to the stock price being way higher and it never happened. •ProTip #1 : If you hold a trade overnight... It is not daytrading. Stop turning into an investor because you can't admit a minor defeat. 2017 - I started taking this business seriously while working in the oilfield as a Logistics Planner (If you're wondering what company since I am asked this from time to time, Google: "World's largest oilfield services company"). No kids, girlfriend/wife or financial obligations. I worked 10AM - 7PM CST and would trade the open from home for roughly 1 hour. Later I was offered to be a Data Analyst... Only downside was... I couldn't trade since I had to be at work now at 8AM CST during the market open. In the moment of signing the offer letter, I was bummed thinking, "No more trading," That wasn't the case though. You can still build your trading business with a 9-5 and while never making one trade. The data is there. •ProTip #2 :We all see the same data. It's there forever. Many strategies show their edge both live and in hindsight the same. (Especially if you trade patterns). You CAN build your business as a trader without even taking a trade. You CAN build your strategy while working a 9-5. Just because you're not trading, does not mean you can't build your business through research. You won't know how you'll react to the losses but at least you can diagnose the raw data with a large enough sample size for assurance and confidence. If you have a 9-5 and want to go fulltime into this business. Stay for a bit, save, live so far beneath your means that it is almost miserable, (depending on your expenses, area you live, family etc) and get a few hundred sample sizes of your strategy! And for your PTO/days off... trade the open. I sacrificed my vacation days to trade. After 2 years in corporate America, eating cheap food, never going out, saving relentlessly, I made the decision to just do it and resigned. I went straight into the ring of fire known as trading. That was on: September 23rd, 2019 ""(Sound familiar?) When you hear these types of comments.. your response should be: "Nobody put the time I put into this. The 90%+ who fail, don't have it all written out, computerized backtests, manual backtests, statistics, SOP manuals, JUST like the job I have which is a business, I'm just another cog in their wheel. I'll just be wearing all the hats in my trading business. Instead of Oil&Gas, it's just for trading". One thing I see here a lot is people saying to trade X amount of months/years or make X. •ProTip #3 -Think in man hours, not calendar. Example: Trader A puts in 1 hour of study/work/research everyday for 1 year. (365 Hours) Trader B puts in 12 hours of work every day for 4 months. (~1,450 Hours) Trader A lives in a major city while Trader B lives in the middle of nowhere. (Think cost of living) 2 totally different living expenses and 2 different calibers of dedication. I'd put my money on Trader B because he put in more man hours. (~1,000 more hours on the clock to be more exact). ProTip #4 - Have a cushion in your account AND your personal bank account. Having a strategy is great but you won't know entirely if you can fulfill and execute your plan until you experience the ups and downs both short and long term. A strategy is constant over long periods of time... there will be days, weeks, and perhaps a month here and there where you aren't making much money. We hear all the time, "Trade like a casino". Casinos don't make money day after day but the odds are in there favor over the long haul. Month 1 of full time trading was great: Immediately after going full time, the first month (September 2019 to October 2019), I did super well. Business as usual. No stress. Everything going as planned. No turbulence. At least not like I had ever experienced... The 2 prerequisites I had before resigning was:
Show consistency in returns. Consistent Sharpe Ratio.
Make a 4 figure trade (I achieved this while short 100 shares on ROKU September 20th, 2019 and even made a victory post if you scroll down my profile's posts.)
First life-changing trading lesson learned as a full time trader: That money printing spree ended on NFLX October 17th, 2019. Less than 1 month of being a full time trader. Deviating and going against my plan I actually made $500 in a matter of 4 minutes. If you follow my watchlists on Twitter, I always trade with the direction of the gap. If I notate, "Long Watches" that means I will only trade it IF (and only IF) I see a long biased pattern. Likewise I will only be looking to short my "Short Watches". Plenty of times I'll call out a ticker and it immediately goes the other way. No harm no foul because there was no long biased pattern to confirm my thesis. On 10-17-2019, I went against my plan and it worked.. NFLX gapped up to resistance and I went short when it tanked off of a short pattern.(This is known as fading). The market gave me a free lunch and then some. So now I'm walking on air in my mind: "I'm an absolute unit" "I'll do it again and clear another $500 to make it a 4 figure day before 9:30AM Central" "Should have quit my job way earlier being this good." Within 30 minutes of the open. I gave all $500 back. Yes I wanted to trade it back. Never have I had the desire to smash anything but I do understand those who do! Yes I stood there and felt like each passing second was wasted opportunity. The next 24 hours were long! ProTip #5:It's circumstances like that that help you in the long run. FunFact: I never once deviated from my plan since. Not ever again. "I could have paid for my groceries and electric for the month after 4 minutes of trading if I just took the free pass the market gave me" I felt dumb but in hindsight, I'm glad at what happened. It was this exact instance that married me to my strategy/business plan. The next day and the 7 trading days following. I didn't make 1 profiting trade. My longest ever drawdown - 11 straight trades. While researching I found out this was Decision Fatigue (I'll go over this shortly below) Put yourself in that situation... You have bills and your income is strictly trading. I don't care how much a robot you think you are or how strongly you believe in probabilities, when you were in an office less than a month ago making almost 6 figures sitting in an air conditioned office knowing direct deposit is on its way every other Friday no matter how well or poorly you performed at work.. Now you're in the hot seat. Its a bottomless feeling. Now all of your friends and families words are ringing in your head. But just like a boxing match.. you gotta take a hit to get a hit. Win some, lose some, shake hands and get back to normal life. Water under the bridge. Mind you: •No guaranteed direct deposit every 2 weeks. •No more medical/dental insurance. •401K retirement is no longer being matched. 11 trades is nothing. You only require ~5.5 trades at 2:1RRR to make it back OR 3.5 trades at 3:1RRR. It's nothing especially in your research because you can easily just scroll a little more and see, "Oh that's just a drawdown. No big deal". How will you react in real time? Will you buckle or choke? But the thing is, I was skipping trades out of fear and JUST so happened to be picking all of the unsuccessful ones. (Decision Fatigue) Think about those 2 weeks of being in a drawdown. Half of the month. You're not just stagnant, your account is bleeding slowly but surely. Next time you're looking at your spreadsheet/backtest/predictive model/research.. try to put yourself in those days of drawdown. It's not just 11 boxes of red with "-1R" or "Loss" in them. The screenshot above on Imgur is just a recent example. Think about your daily routine, going to the gym, hanging with friends, grocery shopping, cooking, going to bed, waking up, doing a routine, then losing again.. and again.. and again. Try to think of life during those 300+ hours (Weekends too) of, "I haven't made money. I've lost money. And I still have bills. After paying them, I'll be closer to my set Risk of Ruin". Here's a lesson you won't learn before going fulltime but I'll do my best to emphasize it here: Pick a strategy. And stick with it. It can literally be anything. Don't spread yourself thin watching 20+ tickers and be a jack of all patterns/tickers. Be a master of 1 pattern and master of 1 circumstance. There's this real thing called "Decision Fatigue" which explains exactly why what happened.. happened. The article explains that the 2 outcomes of this mental strain known as "Decision Fatigue" is:
Sound familiar? Does it kind of make sense now? As a new trader you have YouTube, Facebook, StockTwits, Twitter, "gurus", books recommended on Amazon, all throwing their ideas/strategies around, the market has opportunities littered all over.. Decision Fatigue is inevitable for the unprepared. Decision Fatigue happens in every profession. If you mess up at your 9-5, its just a blunder, your paycheck will remain the same. Just a slap on the wrist and move on. With trading, you make a mistake.. it's less food on your table, lights don't stay on, and/or water isn't running. That pressure adds up. No wonder so many fail... The signs of Decision Fatigue: •Procrastination. •Impulsivity. •Avoidance. •Indecision. When you find what clicks with you AND its either statistically or performance proven, have the courage to risk a healthy sum of your capital into it. There are strategies/patterns/styles of trading littered all over the internet: Very broad example: "IFcircumstance happensTHEN"Execution". Stoploss is XYZ. Target is XYZ.BECAUSEover a series of Y trades, I will make $X,XXX.xx". ProTip #6 :Strategies are all over the internet. It's your account/money, backtest it. People share their strategies here all the time and although I don't agree with them because I know what works for me, it's something to chew off of for you newer traders. YouTube is a harbor with people who give just enough info to figure their style out.You will lose trades. Sit for some screen-time and pay homage to the edge that you discover. All in due time. Insert key metrics and find correlations. This is how you create checks and balances to create/formulate a black and white trading plan. When I first started doing this, my spreadsheet(s) had so many columns it was annoying and would kill my desire to continue working. You'll find things that are imperative and some that are unimportant. For a lack of more colorful terms: "Throw stuff at the wall and see what sticks"Trim the fat. Rinse and repeat.
Here's some things I used to remind myself of and perhaps it'll ring some bells for you:
•Surrender your capital to your edge. If you truly accept the risk and trust your proven edge, losses don't feel like anything nor do profits. Although we're not here to put on losing trades and yes it does feel nice to profit. I still from time to time will excited when I hit target after a series of multiple profiting trades depending on my mood. •If you're nervous or your heart starts beating quicker when you hear the sound effect of a trade getting entered/filled. Be honest with yourself and ask yourself if you're truly accepting the risk. •Things you can't take to the bank:
Number of trades.
"This one great trade that I hit target in less than 30 seconds and I got filled better than expected"
All of these are integral metrics. But you're trading to make money. It's up or down, green or red, profit or loss, TRUE or FALSE. So with that said, find what works flawlessly and is easy to follow. Checks and Balances. Then allocate a good sum of risk into it. I read it here all the time, "Don't risk too much" and that's great and true for new traders. But don't sell yourself short. Push yourself over the edge and admit that you know your stuff. Think of Trader A and Trader B. If you've put the time in.. don't sell yourself short. You've built enough courage to learn a business so many fail at. This business has such a negative connotation. But remember that not everybody can handle meritocracies and that's exactly what the market is. Don't try to be the best, just work harder than everyone else and the output of your input will be relative. ProTip #7:YouTube trading ads from gurus... they're subconsciously making you think you're a novice trader.It's in their marketing. They study marketing psychology. The EASIEST things to sell:
People that are desperate for those things are the most vulnerable and these "Traders" marketers are fantastic at portraying all 3 of those things at once. •ProTip #8 (Broken record alert) :Write a business plan. Your strategy shouldn't take longer than 4 sentences to explain to another trader. When you have a plan that's proven through a statistic and WAIT for it to happen, you feel100Xbetter taking the trade. You don't even care too much when it results in a loss. Because that was your plan, you accept it much better, and you know it was just an expense for a winning trade. Want my strategy? "I scan for stocks with a market cap of over 250M, 10k shares premarket, gapping to support or resistance, priced over $10, and I look for a pattern biased to the direction of the overnight gap. It isn't rocket science. Check my Twitter, look at the dates I posted, and you'll notice the gist. Yes this is an edge but not the entire edge. How fast can you sift through 15 time frames? How long does it take you to fill out your order ticket? Your Fibonacci time extensions with 5 EMA's and Bollinger Bands aren't helping you. They're lagging. If they work for you, great. In my experience, they hindered my visibility. Pro Tip #9: Yes statistics are highly applicable to trading. Patternsdowork. All patterns do is tell you WHEN to enteexit, and how many shares. Humans will never think differently of money. Be the frontrunner of the market's emotions. Nobody remembers the indecisive leader. Risk taking is a commonality amongst leaders. Trading requires courage and it's O.K. to show a bit of confidence as long as you also have the humility to admit when you're in a bad trade.(Notice how I didn't put, "wrong". You're only "wrong" when you deviate from a proven strategy.) ProTip #10:Risk management is 24/7. I've never heard anyone mention this but think about it a little bit. Having financial obligations can become stressful regardless of how you earn your income but its far more stressful while running a business. Not just any business, but a business where you can go to work on your A-game, do every single last thing right, trade without emotion etc... and still walk away with less money than what you came to work with. Meanwhile somebody who JUST started trading made a 4 figure profit not knowing what the heck the difference betweenETB, HTB, or NTB. Think of it like this, a JV high school baseball player can hit a homerun off of an MLB pitcher once.. but how will he fare at the end of the season? Traders don't predict stock prices, traders predict the outcome over hundreds of trades. People chat me asking what TO do rather than what NOT to do. You don't learn labor intensive jobs or how to fly a plane by what to do.. you learn what NOT to do to stay alive. That's all I have. Once you have a trading plan underway and you're executing it, you don't have much time when your hobbies are cheap but I still do respond to chats/messages. I do get asked from a previous post when I'll build a website and to answer that: I'm learning how to build a site on rainy days. Can't put a definitive date on it. I will say that its coming, if you don't give up on this business in the next year or so, you'll see it. What I plan on putting on there:
Position size Calculators
Dictionary with examples
I just don't want some generic WordPress site. I want my website to be stellar and a great resource for aspiring traders. Something I didn't have learning this business. I want it to be something I'd consider a staple in a trader's resources. Perhaps one day it will be referenced on this sub frequently. FAQ:
"How do you prepare for a trading day?" I get behind the computer about 20 minutes before the bell. Reason being: "If you study long. You'll study wrong". If the chart isn't grabbing my attention and gets me excited, then I flick to the next ticker. I don't even know the companies I trade half the time nor do I care about a news report some journalist wrote. Also there is no magic news outlet that lets you know about "Major events that affect stock prices". If there was, I wouldn't be here because we're all subscribed to the same edge nor would I be trading my style.
"What would you go back to tell yourself?" Get more data. Save a little more, your hairline and sleep schedule will thank you. Take only perfect trades and don't feel forced to trade. There will be days you don't touch an order ticket. And days where you are busy and have tunnel vision. Next thing you know its time to shut it down for the day.
"Books?" - I try to humble myself when answering this but off the cuff, they're all mediocre. Andrew Aziz's was ok, definitely get it, it's only a few bucks on Kindle. Just don't expect it to give you strategies BUT it will give you ideas. If you're brand new, it is good as it will teach you the common vernacular of a day trader. Mark Douglas was interesting but his YouTube seminar recordings are much better. No book, Facebook group, YouTube channel is going to be the end all be all perfect strategy. Expect losses. Don't be a one hitter quitter after suffering a few tiny losses/paper cuts. Stick to it. Most books will help you familiarize yourself with the common vocabulary amongst traders and will hint ideas. It's your job to formulate the strategy and template for research.
"What is your background?" I was a logistics planner for a major oilfield services company. Later I then became a data/buyer analyst so yes, data analytics/research was a 2nd language for me entering trading. I did have that upper hand and did shave off months if not years for me.
"What is a normal day for you?" I'm always done trading after 10:30AM Central. I will hold onto a trade until right before the bell if it hasn't hit either target or StopLoss by the time I leave the house but it is absolutely closed in entirety by 2:55PM Central. After I trade, I enjoy the day. No I'm not riding around in my Lambos posting IG/Snapchat (I have neither) stories of my profits with my private jet waiting on a runway trying to sell an $7 eBook or a $100 membership (HINT HINT). I grill/cook, read, workout, ride my motorcycle, attack my other sources of income (small businesses I'm building), hit the driving range, shoot guns, etc. I live in Texas. Life is cheap and fun here.
"How did you discover your strategy?" I bought TradeIdeas premium, went through all of their computerized backtesting patterns, tested them. Then did what I mentioned earlier... Tried to find correlations in metrics. It distilled the trades to a strict criteria and here I am. I post on average 4-5 tickers on my watchlist. 7 max. I do not like spreading my attention thin across multiple tickers. I do not recommend buying TradeIdeas, it does have lots of bugs.
"What did you do/How did you get started?" Was a data analyst, was good at research and applied it to trading. My incentive was, "I could have made more money trading rather than sitting in 2+ hours of roundtrip traffic and 9 hours in an office. The data is there. Everybody sees the same charts all over the world. There are ways to make this possible"
"What is your % return?"(Not a fun question since a trading account is not an index or investment account. Intraday traders do not measure performance in %) I trade to make money AND pay myself, so my equity curve will look like a small loss or small gain after I pay myself. % return? I measure my account's performance in Sharpe Ratio and Risk Units. My Sharpe Ratio is ~1.85. While I yield roughly .8 - 1 R per trading day. Some weeks I make 10R. Some weeks I lose 2R. Yeah one week I might make $2,500. But the next week I might lose $300. The following week my strategy will yield $0 and the last week I might make $1,000. Some weeks suck. Some weeks are great. But overall. Just shy of 1R per trading day. Some days I'm super busy taking trade after trade. Some days I'll shut it down after 5 minutes without even filling out an order ticket. Some days I won't even see the open because there is no edge for me.. Keywords... "For me".
"Is enough to start trading?" Depends on where you live. Are you restricted to PDT? If not then how much are you obligated to expenses? I live in Texas. Things are cheap here. If you live in NYC or The Bay Area your expenses will be astronomical compared to mine. A $30,000 account is totally doable for a single Texan with low monthly expenses. Now if you're in California or New York? I'm sure you'll fall below 25k if you have 1 bad month. Also depends on if you have other sources of income or a full/part time job. I encourage every trader and aspiring trader to have multiple sources of income, don't rely solely on trading. Not just for the sake of mitigating pressure but also for sanity. If you have a family to provide for, I don't know what that's like, you never know when Little Johnny is going to randomly pick up Trombone lessons for a school program/play while little Suzie needs transmission work in her car because a simple solenoid went out. $1,700 later.
"Why do you need so many monitors?"I use 3 for trading. The 4th is for music. The other 2 are useless while trading. That's for trading though. When I made the decision to go full time, I knew I was about to go off the chain with research. And sifting between spreadsheets, a platform to see multiple timeframes for a pattern to backtest. My attention span is short, I'll lose my train of thought before I open the other tab to input data. But the main reason was for research. It's such a time saver and is a headache repellant when doing research while everything is laid out in front of you. Now that I have a system. I'll most likely be treating myself to 2 ultrawides for Christmas.
As always, thank you to everybody who takes time out to message me and letting me know some people read these and show appreciation. I would say, "Good luck" but there is no luck in trading. Just statistics. Remember that! In conclusion: Yes. Full time trading is possible, depending where you live/monthly expenses and obligations. You're more likely to become a profitable trader than a professional athlete. There is a level of uncertainty each day, perhaps each week, doubtful each month, and definitely not each year. If I ever want a raise, I just consult my business plan and financials, then decide if I can handle it mentally. If you have medical issues, get a part time job for the benefits. If you're healthy, just be careful. All the best! -CJT2013
Pre-Conference Question - What do you think he'll announce?
A harsher lecture on being a GOOD NEIGHBOR?
Modified Phase 3 ala New Orleans?
Moving back to Phase 2 or 1?
Or will it be an unexpected Stay At Home order?
Some other option?
NOTE: The summary of this press conference is transcribed LIVE. The summary may contain spelling and grammatical errors which until it is able to be corrected once the conference concludes. NOTE: The summary may contain spelling and grammatical errors. Gov JBE
Anyone who has been paying attention to the news whether internationally, nationally, or state you know COVID-19 is going in the wrong direction unmoving very fast in the wrong direction.
Louisiana is experiencing the third surge of COVID-19.
Nov alone the US has had more new cases than in any other months and hospitalizations are at a record high nationally. Higher than other surges.
Yesterday the US added more than 169,000 new cases in one day and 898 deaths.
This week's WH Coronavirus Taskforce Report shows 474 new cases per 100,000 people last week we had 172 new cases per 100,000 people. The national average is 356 cases per 100,000.
So this is the first week in many weeks that LA has had more new cases than the national average.
Today we report ___ new cases and sadly 39 additional people have lost their lives to the virus for a Toal amount of ___ deaths. Reporting 1,052 hospitalizations, not the first of the month we had less than 600. Today we are up 40 than yesterday with more than 350+ net new COVID19 hospitalizations. 113 patients on mechanical ventilators.
When we see what's happening in state and across all regions we have to be very cautious about hospitalizations and maintain the capacity to give life-saving care to covid and non-covid patients.
Trajectory we are on it is imperative we take action now.
If we could flip a switch and get 100% adherence to mitigation measures to all measures we are still 2 weeks from seeing changes.
We are in for a rough patch, and the degree we flatten the curve and are successful will depend on eery Louisianan.
We are stepping a step back to a revised Phase 2. So Phase 2 with some modifications.
We got out of the prior surge by moving to Phase 2.
What does that mean?
Will get into that later...
Wants to get ahead of the Thanksgiving Holiday and the extended holiday season.
Data includes info thru Friday, Nov 20.
Thanks National Guard, GOSHEP, and the LDH for working very hard and working over the holiday.
Gating Criteria Slides:
What we are seeing is as concerning as it has ever been. We were lucky to have a reprieve from the rest of the countries rise in cases for a few weeks we are now where a large portion of the country is.
Top left shows % of patients coming into ER departments across the state with symptoms suggestive of COVID-19 you can see the prior spikes and now it is increasing again.
Top right show new cases on a rolling 7-day average you can see the first and second spikes and now the increase we are on which is almost identical to where we were going up in the second spike and clearly we have not hit the top yet.
Bottom left you can see the % positivity dated back to the date of collection and that is increasing as well up to 8.1% now will be posted on the dashboard tomorrow. You will see testing volume is also increasing. There is more COVID so more people are getting tested due to more exposure plus the increase around testing around the holiday. An increase in testing volume has no bearing on testing positivity. An increase in positivity and testing volume is a strong signal we are experiencing a lot of COVID.
Bottom right is the amount of hospitalized patients with COVID19 you can see the two spikes and now a sharp increase. It is a rate of increase that our hospitals cannot stand for very much longer.
Region analysis - every region across the state are seeing similar increases.
Region 1 Orleans - increase across the board.
Region 2 EBR - increase across the board.
Region 3 River parishes - increase across the board.
Region 4 - increases across the board.
Region 5 Lake Charles - increases across the board.
Region 6 Can LA - increases across the board with a very sharp increase in new cases and hosp.
Region 7 - increase across the board.
Region 8 - increase across the board.
Region 9 - increases across the board.
A month ago it was a mixed bag with some areas plateauing or increasing.
Now the entire state for all gating criteria is increasing, (only Can LA is plateauing for COVID-like illness reports).
Still have capacity across the state but this is a lagging indicator so if you act when hospitals are at capacity it is too late.
People waiting a long time to get a bed. One ER had to use recliners in the ER while people waited for a bed to open up.
Rural/smaller hospitals are having a difficult time transferring patients to other locations. Not every ICU bed is equal and some conditions require more expertise from an advanced center. Only a handful exist across the state. Even if a rural hospital has an ICU available if a patient presents with needing an advanced team and there are none available they may have to wait a couple of days before they get transferred in. That's a delay of care and has consequences.
Hospitals are stretched and already at staffing capacity. A nurse may typically care for 4-5 patients may now be caring for 6-7.
These things have consequences and it is just the beginning because we haven't hit capacity yet. This is a warning we have to act now. There are things we are working to preserve in the state and the ability to access normal hospital care is one of those priorities. We do not want to have to delay scheduled procedures.
The path ahead is dangerous. This is a dangerous time for Louisiana.
The trajectory we are on is dangerous. We are on a similar trajectory as before.
Now it is flu season so we have extra patients in the hospital.
Weather turning cold so more people indoors = more transmission.
Peak of the holiday season coming up so there's a temptation to gather. Gathering = more transmission.
Previous increases we were not in lockstep with the rest of the country. Every other state is seeing runs on hospital care and demands of their hospital staff at the same time we are. If we need to ask for help, it may not be there this time. In fact, we don't think they will be available because they will be caring for their own state's patients.
Questions for Dr Kanter about data
Related to Halloween? Seems people are willing to gather for Thanksgiving. Are we going to see a worsening 2 weeks after Thanksgiving We are already seeing just about as steep of an increase as we can get it really can't get much steeper than that. I don't know, looking back to Halloween, it was part of it. I think increases from other states was bleeding over into our particularly in Northern LA. Plus we are tired, COVID fatigue is real, and it's easy to get complacent. Even without Thanksgiving coming ahead we will continue to get worse. I don't know how much worse it gets with Thanksgiving. I cannot emphasize this more than enough if you need to make a decision for your family talk to someone who has had it, experiencing the disease, or someone who has worked in the affected healthcare facilities during those two surges. How much is being driven by small gatherings indoors and if so it doesn't seem restrictions matter than much Small gatherings have been a larger component than months ago, there is no question about that but that is just one slice. We continue to see a lot of cases tied to bars, restaurants, events, and churches as well. Mitigation measures are going to be significant in their effect but not absolute. The other side is that people really need to make responsible decisions when no one is looking. No one will police who parities but I want families to take it seriously and know what the real risks are and make an informed decision. The more families are informed the more they will be likely to say for this year, for my family, it is just not worth it. Gov. JBE
We have already been told that for example if we will request help from he Fed gov in respect to medical care to Louisiana there are 12 individual and discrete things we have done first before we can be considered.
Strong indication we cannot count on that.
Difference between Spring and Summer surges when we did have medical personnel available from requests to the Federal government at that time.
Partially important for Northern and Central LA. I do not know how hard it will be to go back in the gating criteria for those regions but if you go to Region 6. If you look right at the summer surge we never got those numbers as far down as we wanted to we never got those numbers down to where we wanted to. So the baseline of going into the third surge is much higher relatively speaking to the state as a whole. So we are already in a much more difficult place.
Statewide the non-COVID patient population is higher now than it was in the Spring or the Summer.
Region 7 you will see the right of the summer surge the numbers did not come down to be even close to where they were before the summer surge started. So they have a very high baseline of cases.
Region 8 the same thing.
Our numbers are worse and they are getting worse everywhere so I hesitate to bring up regions 6,7, and 8 because people might think that's the only places we need to be focused on. That is not true, but I will tell you its a particular concern if you are in Central or Northern LA because you have such a high baseline going into this.
While we need adherence to restrictions everywhere it is particularly acute in Regions 6,7, and 8.
Breakdown of Phase 2 (modified) will become effective tomorrow and last 28 days (4 weeks) expiring on Dec 23:
Statewide surge requiring a statewide effort.
Follows the White House Coronavirus Task Force recommendations.
Last time we had such a large single-day increase was in July -- which is when we took action through implementing Phase 2 and the mask mandate -- and collectively the people across Louisiana responded and we bent the curve.
Time for us to rise again and meet the challenge before us.
With the Holiday season before us we really gotta pay attention to this now so we do not overburden our hospitals to not deliver care. I do not want to have hospitals have to cancel elective surgeries or medical procedures want. Delayed non-emergency procedures and surges often transmit into emergencies later on. Do not want doctors to have to make crisis care decisions pitting cases against one another due to a lack of resources.
We have avoided crisis care during our previous waves because we worked together to flatten the curve.
If there was ever a time to step up and be a good neighbor, whether it is to your actual neighbor or to someone in LA you have never met, that time is now.
People do not stop having car accidents because of a pandemic. There are still critical care needs apart from COVID.
Do it for the medical professionals as well who have been overworked since March.
To keep schools open.
Encouraging all employers public and private to maximize the use of telework where possible.
Ask families to engage in safe holiday-related activities. When you gather with those outsides from your household the more times you do it the more you roll the dice and the more likely it is that you or multiple people get sick. With community spread the dice are loaded against you. I ask you not to do this, especially during the holidays. It is what the CDC and LDH recommend.
Start planning now for a safe Christmas and Hanukkah.
Reduction in gathering sizes for businesses & houses of worship
50% for occupancy with social distancing and masks for restaurants, coffee shops, cafes, gyms, casinos, and video poker, and non-essential retail businesses.**
Essential is determined by the Dept. of Homeland Security.
75% for occupancy with social distancing and masks for churches and places of worship.**
Reduction in gathering sizes at bars other restrictions remain in place.
Bars in parishes with greater than 5% must close to indoors consumption can have outdoor seating of up to 50 people, seated and spaced out, and masks mandated.
Bars in parishes with less than 5% can allow indoor consumption up to 25% occupancy seated and spaced out; outdoor consumption encouraged and masks mandated.
Reduction in gathering sizes at event centers
Indoors limited to 25% occupancy, make required up to 75.
Outdoors limited to 25% occupancy, masks required, up to 150 where social distancing is not possible.
Reduction of sporting event occupancy
Limited to 25% occupancy.
When LDH updates the two-week case incidence numbers tomorrow there will be some parishes where bars close, that were going to happen regardless of these changes because those parishes would have exceeded the 10% that was previously required.
Now allowing outdoor seating.
Statewide mask mandate remains in effect
It was a critical part of slowing the spread in the summer and is a critical part now.
Now we know wearing a mask also reduces transmission to you as well as those around you.
Doing everything we can to keep schools open.
Local decision how schools do this.. if they are in person, vertical, or hybrid.
Do not have an expectation that by Dec 23rd we will reduce restrictions a couple of days ahead of Christmas.
All data indicates we in for a couple of rough months.
No one should believe we will relax restrictions around that time.
I hope and pray, and believe, we will not have to put more restrictions in place before then.
Will be dependent on if the people of Louisiana embrace the mitigation measures and flatten that curve again. If we stay on the current trajectory we will be forced to put more restrictions in place.
Everyday households need to stick together and reduce interaction with those outside of their household.
Any activities that do take place should take place outside rather than inside.
Odds are 20x higher to catch the virus indoors than outdoors when the same activity takes place.
We are expecting rain this week perhaps staying with us through Thanksgiving and after.
Even if you planned the safest possible event with it intended to be outdoors there is a good chance you will not be able to do that.
Now is your opportunity to adjust your Thanksgiving plans.
Do not have people from different households come indoors together. The virus doesn't care if you are a relative.
If you want a Christmas without loved ones in the hospital, or worse, you need to be extremely careful on Thanksgiving and every day.
Next few weeks would normally be holiday party time - office, block, family, etc.
Holiday parties are a recipe for disaster now. Asking people to forgo those parties.
There is a light at the end of the tunnel, it is not a high-speed train heading in our direction, I believe in a few months we will be able to put the pandemic behind us. Next month we can start vaccinating in small numbers and will take some time to get to the general population. Do not get in your mind we will have to mask up and physically distance forever. There is an excellent chance that next Thanksgiving will be the best one ever. While there is COVID fatigue and I know it is real, it is also real that we are looking for renewed interest and compliance for a finite amount of time. I hope it inspires people to do what is required and know they won't have to do it forever. The next few months are critical. We need everyone to be on the same page.
Holidays are about showing your love for those you care about. The best way to love someone right now is to give them COVID. So like it says, "pass the pie and not COVID" that is our mission. That is the mission for everybody in Louisiana.
Follow the commonsense public health measures, the restrictions, and mitigation measures.
They work and have worked before.
Mitigation measures: wear a mask, stay 6ft apart from that outside of your household, wash your hands for 20 seconds, stay home when sick, and protect the most vulnerable from this disease (65+ in age and those with co-morbidities).
Thanks to all public health workers.
Owe a debt of gratitude for those who have worked so hard for months now. We should not make it harder than it needs to be. We should all do our part.
Epidemiologists in Louisiana say we may be getting diminishing returns on our introduction of restrictions than what we previously saw. Are you concerned that the impact of the introduction of these restrictions will be more gradual and the implications that may have I am concerned about an awful lot as it is related to COVID19 and this pandemic. There is not one easy decision I have made nor one that has brought me joy. I am convinced that if the people of Louisiana will embrace these mitigation measures and restrictions, be patient and selfless, and ensure compliance that we will flatten the curve again. That is what I know. There are no magic tricks to be worked here. The only way to stop a surge is with restrictions and mitigation measures. So with the numbers increases here and around the country as they are the sense of urgency that you see coming out of leaders in Washington right now, as seen with Vice President Pence and the Coronavirus Task Force the other day, everyone should understand that this a very very serious situation. We have to do our part in order to slow the spread. It has to be a collective effort. No one should say is 99% of the people do it that's good enough I don't have to personally do it... that doesn't work. We all have to see it as a common effort that we all play our part. If someone would have presented a better option to flatten the curve I would have taken it. I know we have COVID fatigue here and around the country. If there was something other than wearing masks, washing your hands and staying home when you are sick, and so forth I would embrace it. It doesn't exist. That is why you hear this coming out of Washington and all the other healthcare workers how important these are. So let's do it. Let's flatten the curve again. I feel very comfortable that in several months, not sure when we will have enough of our population vaccinated that I believe we can start putting in the rear view mirror. Until now and then we have to do what is necessary. I do not know if there is another surge after this one, I pray not, but we know we are surging now. Are you trying to change the way enforcement has been handled on these public health issues. Obviously the problem is people aren't following previous guidelines.. so are you making changes to enforcement? We will continue to work with businesses of all types and venues to ensure that they understand that the restrictions are what rules they have to abide by. Individuals and businesses can get more information at opensafely.la.gov and you will get more information. Will there be enforcement? Yes, there will be, but I am going to say what I've said back in March and every time since then, if the people in Louisiana insist we enforce our way through this we are doomed to failure. There are 4.66 million Louisianas and 10s of thousands of business and quite frankly we cannot enforce our way through this. We are going to be asking people to comply, do compliance visits, respond to complaints, and where people refuse to come int o compliance you can expect enforcement. That will not get us through this surge. That will not protect the health of our fellow Louisianans, it is better than not doing any enforcement. We need to have people doin this because it is the right thing to do. They need to embrace it, not because it is pleasant but at the end of the day this about people's lives are talking about. We are doing our very best to strike the balance between lives on one hand and livelihoods on the other. When it comes to economy, to business, to employers, to livelihoods, the best thing we can do is put this virus behind us. Are the rules for temporary conditional permits allowing bars to operate as restaurants remain in effect? Yes and we currently have 372 bars using conditional permits to operate as restaurants. They are not a hybrid, they are not part bar or part bar. They operate as restaurants if they are operating properly and they follow all rules for restaurants. For other establishment that continue to operate as bars they need to follow the way we outlined bars operate today. What are you doing for your Thanksgiving celebration. You have a son who is coming home from college because LSU is going virtual for Thanksgiving Yeah I have a son who actually lives here in Baton Rogue and he will likely be coming home to spend some time with us. I will tell you we will stay in baton Rogue at the mansion and have a Thanksgiving meal that consists of the immediate household. We will gives thanks because even during this pandemic which has been so tough on people, even after the 3 hurricanes that hit this year, we have so much to be thankful for. God has truly blessed us. Thanksgiving is a day to give thanks and that is important to me and my family and we are going to do it, but last year I remember my 84 year old mother came, my 6 siblings all came with their spouses and children and grandchildren. We had 80 or 90 people. You will not be seeing that this year and you will not see it at Christmas either. I hope and pray that if you are with me on Thanksgiving Day of 2021 you will see that. I believe that you will, but between now and then we all have to do our part. Did you tell Legislative leaders about these new restrictions before you came out here today? What was their response? Yes, I did. You need to know that I routinely send data and information to the Speaker and to the President. We have complete transparency on the data we are relying on because we update it every day aside for Saturday. We also have sent Legislative leadership, and I believe every member of the Legislature, every White House Coronavirus Task Force report whenever we get them. This morning in a addition to those things we presented all gating criteria slides to the Speaker and the President. We talked about where we were especially in light of our hospital capacity and our need to go back to a modified Phase 2 in order to flatten the curve again. They asked some questions, expressed concerns to makes sure whether the Fire Marshall or ATC will work with proprietors and bar owners to maximum extend possible so they can know hat is expected of them and be given an opportunity, if they are operation in good faith -- of which the overwhelming majority of businesses are -- to come into compliance. That has been our approach throughout the pandemic. We have always bent over backwards to make sure individuals know what the rules give them every opportunity to come into compliance and only after persistent shortcomings/refusal to do any real enforcement actions like citations take place. I assured him our approach would not change. Does the influx of new vaccines change our prognosis at all We have a draft plan in Louisiana that we continue to update and revise daily. The reason it is a draft plan is that we still don't know the day that we will get the first vaccines nor the number of doses that will be there. I have every expectation that around mid-December we should receive some doses of the Pfizer vaccines first. We don't know how many it could be as few as 30,000 or might be 60,000 we do not know for sure. We think the first doses of the Moderna vaccines would come weeks later, perhaps with a smaller number available initially. We continue to work with our federal partners. We were on the phone with Azar yesterday and talked about the logistical aspects of Project Warpspeed. Once the vaccine gets the EUA from the FDA we will have the vaccine in route to our location(s) of choice in 24 hours. The first shipment will be prioritized to healthcare workers, then high-risk groups (nursing homes, assisted living centers, congregated shelters), then the list expands from there out. Ultimately we want to get to a place where we put a call out to the general population they can go to their health unit (hospital, doctor's office, or pharmacy) and get the vaccine. This is not a one and one vaccine, it requires a second dose, depending on the manufacturer that could be between 21-28 days later. More vaccines may come only over time and some of these things may change. I do not want talk of the vaccine, it is critically important and no one is more excited than I am, but I do not want the talk of the vaccine to cause people to not pay attention to what is imperative right now. That is why you hear Dr. Birx, Dr. Fauci, Azar, talking about the term of bridging to the vaccine and needing to double-down on measures until the vaccine is widely available. The vaccine will not be here in the numbers we need soon enough to reverse the trajectory and numbers we went over today. I do want to mention I have every confidence that when the FDA issues that EUA that that vaccine will be safe and effective. I hope my fellow Louisiana will embrace the vaccine. A vaccine saves 0 lives but vaccination can save a lot of lives. The vaccination requires the vaccines and an individual to receive that vaccine in two injections. So please understand the FDA has not cut out any steps required to evaluate the safety and efficacy of these vaccines. In fact, the trial sizes were 5x-6x more than one would normally see in a trial. They took steps consecutively instead of sequentially to make this vaccine thereby shortening its time for production. They started the mass production while trials were still happening. So if that authorization comes they have the vaccine to distribute and more to be distributed and you don't have to start that manufacturing process up from the beginning. So I really want people to embrace this and understand they will be safe and effective once the call goes out to start vaccination. Does the state have enough cold storage for the vaccines or does the state have to put in some money for that? We've identified the cold storage capacity that we need pursuant to our plan to administer the Pfizer vaccine. Its a combination of cold storage capacity and dry ice. We will be in good shape there. This is why you have to have really good hard work going on hard in advance. That way working with hospitals and universities you are able to identify all the cold storage you have, where is available for these vaccines and then you plug that into your plan. That will not be a limiting factor in terms of receiving the vaccine. Logistically it makes it more complicated because you have to receive it at those sites and distribute it from there. They are still evaluating how long the vaccines remain stable once they thaw out. We will be all over that so we will make sure if that vial falls out it will be administered while it is stable and making sure that people come and get the second dose as well.
Thank you for continuing to cover this. We do not anticipate another press conference until next week, date unknown.
As I mentioned awhile ago, despite how difficult this year has been for all of us both individually and as a state, there is a lot for us to be thankful for. That is always the case. So Thanksgiving is about giving thanks for the blessing we enjoy and I would encourage people to find ways to have a celebration that is safe so we can be thankful for the blessings we have while being mindful of the dangers of this pandemic. There are dangers if we insists on celebrating the holidays as we have in past. I cannot strongly encourage people to be patient. I know you are tired of this but be patient and love your loved ones by making sure you do not expose them to unnecessary risk. We close to them through the phone, FaceTime, and other ways. Let's look forward to getting together without restrictions and mitigation measures. Unless between now and then we are too risky with our behaviors and we'll be lamenting the fact that we didn't do what we were asked to do. That some of our loved ones won't be with us when the time comes to celebrate in person. When that next birthday, Thanksgiving, or Christmas happens. I encourage everyone to do their part. You've done it before. We can do it again. I am not asking for you to do this forever. There is finite time I am asking for. I cannot tell you when, but I believe in several months we will be putting this in our rearview mirror, but it is not today. In fact, it is not in our rear-view mirror it is in our grill and it is a nasty nasty situation here in Louisiana like it is around the country. We do not have a moment to waste. Everyone has to do their part. If we do, and I'm sure we will, we will get through this. I have every confidence of the people in Louisiana. They have always inspired by their kindness, goodness, and generosity and I believe they will do it again. So let's work together. Let's save lives. God bless and thank you.
@NBCNews: Some victim companies have previously acknowledged that they were attacked, including Chipotle Mexican Grill, Chili's, Arby's, and Red Robin restaurants. The hackers also targeted casinos and hotels, the FBI said. https://t.co/IyT1YBJb9s
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