Over trading is one of the top reasons I failed for 2 years

Here's how to stop overtrading and get rid of your trading addicition:🧵

From losing $15k over 2 years, to now making $15k/month...

Here's 10 tips I'd tell my younger self:

1. Focus on the process

The money will come. Stop worrying about how much money you made today

Focus on how much work you're putting in

How many hours are you studying charts?

Inputs > Outputs

2. Journal your trades!

I didn't start doing this until about a year in of trading.

It helped TREMENDOUSLY

You'll learn a lot about how you can improve and stop you from making the same mistakes

3. Listen to others

Don't be listening to the random on Twitter who just started out

But if someone with experience and a professional in their field gives you advice...

take it.

They know something you don't.

4. Stop Full Porting

Trading is not a "get rich quick" business.

It will take time.

Even with a $500 account, learn to use risk management and the money will come

I made $55,000 in 6 months on ONE trade.

A 600% return

Here's how you can turn typical 10% returns into 200%+ using long term options:

Let's not waste any time and get right into it👇

Long Term Options are simply a way to "invest" on a more aggressive way

There's a specific strategy that I use to pick stocks for long term options, but first...

let's talk about WHICH options to select:

With typical swing trades I always prefer going ITM.

Not the case for LEAPS.

With longer term options, I love going OTM

Decay isn't that much a factor and you'll be paying less per contract since leaps are already pretty expensive

Depending on the stock, I'd recommend going 20-30% OTM of the current share price

This is pretty loose, but the main concept to recognize is that you want the contracts to be ITM within 6 months

There will be a point where decay will kick in and for that you'd want to be ITM.

If you aren't sure about the strike, then go more ITM. It's always better to get closer to ITM then OTM.

Okay, let's move onto date to expiry:

Balance Theory is LITERALLY how stocks move

It can be used in all types of trading

Here's a breakdown of what it is and how I made close to $2,000 using it👇

Balance Theory is based upon the thesis that stocks are either trading in "balance" or out of "balance"

So what exactly is balance?

Balance can also be considered fair value. A price area where buyers and sellers are both comfortable trading.

You will see a balance area in zones where price is typically choppy.

You should be able to see clear support and resistance areas.

Here's an example on $BA

So how do we use this in our trading?

There's 2 ways that a stock will react to balance.

I'll go in depth on both.

The first one is a breakout👇

A breakout of balance is fairly simple.

Price is in fair value. Over time, one side (either the buyers or sellers) has to give up and the stock breaks out of balance.

It's no different than any other breakout.

Here's the example on $BA

12 tweets that will teach you more than a $4,997 trading course:

1) Relative Strength

Watch which stocks are green while the market is red

Institutions are most likely buying those up

2) Less is more

If you disagree with this, you're probably not a profitable trader

Take 1/2 the amount of trades you normally do and see what happens

3) The Market Doesn't Care About Indicators

You really think the funds putting millions of dollars into the market are "buying off a 9 ema"???

Get rid of your indicators

Just watch price and volume

4) Sell Options

Market makers, funds, banks, pretty much everyone other than retail is on the opposite side of your weekly OTM option

Collect premium and make money every week

5 star RSI Strategy by @VishalMalkan

Unconventional approach of 60-40 RSI and range shift concept.

According to him,
whenever the market is bearish,
it won’t be able to cross 60,
and whenever in a bullish trend,
it won’t be able to cross 40.

Like & Retweet for Maximum Reach.

So, instead of the 70-30 Relative Strength Index,
we will use the 60-40 range for the RSI indicator for this strategy.

When the
Monthly and Weekly RSI>60,
& when the RSI takes support at 40 in the daily chart,
it may bounce back and most probably it will not go below 40.

If a bullish candle is formed at the 40 RSI level,
the prices may bounce back, and one can enter the stock.

The stoploss can be placed at the low of that bullish candlestick,
and the target can be the 60 RSI level.

When the
Monthly and Weekly RSI<40,
& when the RSI takes resistance at 60 in the daily chart,
it may bounce back and most probably it will not go above 60

If a bearish candle is formed at the 60 RSI level,
the prices may bounce back from there, & 1 can enter the stock 4 shorting

The stoploss can be placed at the high of that bearish candlestick, and the target can be the 40 RSI levels.

#banknifty

This range shift concept can be applied in any timeframe,
whether intraday, daily,weekly, etc.

#Thread Two divine forms of Khatu Shyam ji...

On the day of Amavasya, devotees get the darshan of Shyam Baba in Shyam varan (black color). In ordinary days, the form of Baba is saffron. The reason for this is a custom. The real head of Shyam Baba which had appeared from Shyam Kund is of Shyam varan.

Every day Shyam Baba's grand Shringar is done by Pujaris. The main part of Shyam Baba's shringar is Tilak. This Shringar is done by the members of Nij Mandir sevaks. The sevaks of the Nij Mandir do sandalwood tilak to Baba everyday in the auspicious time.

This Divine Tilak is applied from the forehead to the nose. When Baba is given a bath by sevaks, this tilak comes off. Then in the auspicious time, the sevaks again apply tilak to Baba.

There is no auspicious time on the Amavasya. Because of this, tilak is not done on that day. That's why devotees have darshan of Shyam Baba on the Amavasya only in the actual real form (Shyam Swaroop). Baba's tilak is done on Amavasya only on the day of Deepawali.

RANI GAIDINLIU:THE LESSER KNOWN FREEDOM FIGHTER

Rani Gaidinliu joined the freedom struggle at 13 &was sentenced to life imprisonment at 16."We r free people—the White should not rule over us.”Thus calling out to her Zeliangrong tribesmen was the voice of 13yr-old Rani Gaidinliu.

She joined the freedom struggle in the present-day Northeast India. Today, her struggle is lost in history as most of her countrymen wouldn’t even have heard her name. B'coz our history textbooks tell us that only Mahatma Gandhi &Pandit Nehru got India its Independence.

At 16 yrs of age, this valiant girl was sentenced to life imprisonment for leading a movement to drive out the colonial rulers from Manipur and Nagaland. Nevertheless, she was released in 1947 after India’s independence and was given the title ,"Rani of Nagas".

EARLY LIFE AND HERAKA MOVEMENT

Gaidinliu belonged to the Rongmei clan of the Zeliangrong tribe in the Tamenglong district of western Manipur. Born on January 26, 1915, she was fifth among eight children.

Her native village was Nungkao, which is present day Tamenglong distt. Brought up in a specially backward region,she couldn't receive any formal education. However,this didn't stop her from joining the freedom struggle. At the age of 10 she came under the influence of her cousin.

Cortisol will ruin you

If you let it get away from you, chronic stress will lead to chronic disease and chronic disease will lead to early death

What are the best ways to lower cortisol?

1) Don't follow extreme diets

Cutting out all carbohydrates or fasting for 36 hours is going to wreak havoc on your stress hormones.

Although you may experience short term weight loss, it's going to hurt you in the long-term.

A balanced macronutrient ratio is best to aim for.

2) Get out in nature

Idc if you live in Alaska or Guatemala, connecting with nature daily will do more for your health than any biohack ever will

Reconnect to your ancestral roots and make it a habit.

Grounding/earthing, forest bathing, hikes, ocean swims, etc

3) SLEEP

You CANNOT neglect your sleep. I don't care how tough or alpha you think you are. It will eventually catch up with you.

@holisticnicola just released a great guide on sleep. Go check that out now as I read it and agree with everything inside.

MAKE THIS A PRIORITY

4) Improve your testosterone

Anything that improves your testosterone levels will decrease cortisol.

Here's a start:
-lower body fat
-eliminate PUFAs
-resistance training
-no alcohol
-sleep 8+ hours
-nutrient dense diet
-do cool shit

@TheLastFarm @buzz\_chronicles @buzz\\\_chronicles @buzz_chronicles save as category @pdfmakerapp grab @pdfmakerapp grab this @readwiseio save @readwiseio save thread @threader compile summarize @Threadreaderapp unroll please @ttttreads unroll @unrollthread.com @SaveToBookmarks