The absolute best trading indicator in the world is your gut.
You can spend years looking for the best trading indicator.
Or you can just read this:
The absolute best trading indicator in the world is your gut.
Your intuition only becomes finely tuned after a lot of trials and errors.
Let me explain...
As traders, intuition is how we make decisions without conscious thought.
In other words, the more you trade, the more accurate your intuition gets.
Intuition is no different from muscle memory.
...and you don't have to think or overthink how to do something.
Your intuition is familiar with how this pattern (likely) plays out.
Way more efficient. Right?
The more observant you are, the higher quality your memories will be.
The higher the quality of the memory, the more informed your intuition will be.
You always work within a framework...
It means that with proper focus, education, and TIME — your gut feelings will become incredibly accurate.
The absolute best traders don't think so much... they just execute.
1. Follow me @NickSchmidt_ for more.
2. RT the tweet below to share this thread with your audience.
https://t.co/nHS6ETwThr
3. Have an amazing Friday. 💙
You can spend years looking for the best trading indicator.
— Nick Schmidt \U0001f981 (@NickSchmidt_) April 8, 2022
Or you can just read this:
More from Traderlion
What is a True Market Leader / TML (Thread)
(And how to find them)
In one sentence a TML is an institutional quality stock in a leading industry group with superior fundamentals and technicals
These are monster stocks which over the course of weeks and months increase +100% to +5,000%
TMLs are popular with traders/investors whose methodology is based on the CANSLIM system developed by William O'Neil.
He called them Model Book Stocks. Huge winners worth studying to identify common characteristics that they all share
O'Neil studied over 1000 model book stocks going back to the 1880s.
Many are shown and discussed in these must read books
How To Make Money in Stocks, O"Neil
https://t.co/S2sShZedUm
Monster Stocks, John Boik @monsterstocks1
A Few Examples courtesy of @SystematiCK_
Pic N Save
(And how to find them)
In one sentence a TML is an institutional quality stock in a leading industry group with superior fundamentals and technicals
These are monster stocks which over the course of weeks and months increase +100% to +5,000%
TMLs are popular with traders/investors whose methodology is based on the CANSLIM system developed by William O'Neil.
He called them Model Book Stocks. Huge winners worth studying to identify common characteristics that they all share
O'Neil studied over 1000 model book stocks going back to the 1880s.
Many are shown and discussed in these must read books
How To Make Money in Stocks, O"Neil
https://t.co/S2sShZedUm
Monster Stocks, John Boik @monsterstocks1
A Few Examples courtesy of @SystematiCK_
Pic N Save
#Study & #learn from past super #stocks
— SystematiCK Trader (@SystematiCK_) September 26, 2020
Example 22: Pic N Save - 1979
Sharpen your eyes & internalize
- which fundamental and technical setup fuelled the big gain
- how trade management was done
- the importance of acc./distr. volume
Credit to the great W. O\u2019Neil! pic.twitter.com/m888ZaGyMV
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