BC TA

Materials I studied for hundreds of hours before I became consistently profitable as a day trader - a thread:

1) Understand how supply and demand zones work (applicable to all timeframes) https://t.co/aIDm7JbqxL
2) Learn how to identify the pivot points to identify high probability entry and exit zones https://t.co/EOV8S0qzNi
2.5) Watch one more video to really nail in how to draw supply and demand zones https://t.co/XhKNOcmWJ2
3) Understand how supply and demand zones work with major support and resistance levels (yes, they are slightly different) https://t.co/AX1utJnkEW
4) Review a written summary guide to further enhance understanding (and see it as an image rather than a video in action) https://t.co/ia6BV4Y2ql
5) Review any of @maplestax annotated charts, @RHODESA_ twitch streams, and @RocketCatchnBob twitch streams
6) Review charts of trades you either did or didn’t make during the day and draw out where you think supply and demand zones are. See if they would have been profitable or not.
7) Last, respect the stop loss at the bottom of your zones and TRUST YOUR CHARTING. Have conviction.
8) Okay this is the last thing, tape this to your body and at all times RESPECT RISK MANAGEMENT.
9) Read this article (my small cap bible), understand the concepts, and then implement said concepts into EVERY SINGLE TRADE.
https://t.co/VrdX0GViIb

More from Ta

You May Also Like

1/ Some initial thoughts on personal moats:

Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.

Characteristics of a personal moat below:


2/ Like a company moat, you want to build career capital while you sleep.

As Andrew Chen noted:


3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized

Things that might get commoditized over time (some longer than


4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.

After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.

5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.

In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.