TraderYogi999 Authors Making sales
https://t.co/7DjG8ElT7d
Trading Lessons for total beginners.
— making sales \uea00 (@making_sales) February 3, 2021
Thanks to @ripster47, @Brady_Atlas @MullinsMomentum, @SDHILLON97, @MrZackMorris, @PJ_Matlock, @notoriousalerts, @Hugh_Henne, @bear_fuker, @Trogdaddy, @atrhodes00 and many more for teaching me all that I know about the stocks.
[THREAD]
https://t.co/n4bAh3w1MC
If you\u2019re in the process of blowing up your account\u2026
— making sales \uea00 (@making_sales) February 26, 2021
STOP AND READ THIS NOW!
[THREAD]
https://t.co/jy7Ud7aAM1
Stop losses are your friend.
— making sales \uea00 (@making_sales) February 26, 2021
Stop losses help you to follow your rules and respect your plan.
Stop losses help keep the size of your losses minimal and recoverable.
Personally, I recommend using a hard stop loss (especially if you\u2019re new) instead of having a mental one.
https://t.co/227pi3f1cw
People often ask me what is meant by \u201chave your own plan.\u201d
— making sales \uea00 (@making_sales) March 7, 2021
What does a plan consist of and how do you go about creating one?
That\u2019s what I\u2019m here to discuss\u2026
[THREAD]
[THREAD]
A process is just a set of rituals you complete consistently every single day to achieve a certain outcome (profit).
A process requires an edge which is simply a statistical advantage you have over other players. A strong psychological state can be considered a bonus edge.
I believe that trading can be split into three elements:
1) Knowledge and idea generation
2) Method and trade execution
3) Risk management and mindset
Each element is necessary and it builds a solid foundation in your trading process.
These factors make up the trading trinity.
MY SCANNING PROCESS:
In PM, I look for:
- Top gainers (40%+)
- Notable volume on gappers
- News or catalysts (to justify gap)
- Float (<50M)
- Market cap (<500M)
- Range (check daily)
- Price (<25)
- Stock personality (check daily)
- Filings (cash on hand and offering potential)
I like to use websites such as:
- https://t.co/dGrDjwtOR8
- https://t.co/Vc256oZCre
- https://t.co/AFrA2ebGr6
- https://t.co/N9nDmqz54E
- https://t.co/0aEt36amzx
- https://t.co/K5b5oercFQ
- https://t.co/VogPh4QNHM
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