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 โ 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. ๐
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
The Importance of Trading Rules (Quick thread)
Last week I sent out this poll asking if people have a written
Over 60% of people said they did not have one.
It's now one of my main goals to get as many people as possible to commit to writing their own rules which codify their goals and methods.
I strongly believe that writing down your strategy especially if you are a new trader/investor will lead to improved and more consistent performance in the stock market.
Trading the markets is a tough business, money is on the line and emotions can run high.
Preparing ahead of time is essential so that in the moment you are just executing your plan.
This is the best way to stay in the game for the long haul
Last week I sent out this poll asking if people have a written
Do you have a written Trading/Investing Plan?
— Richard Moglen \U0001f4fd\ufe0f\U0001f981\U0001f6a2 (@RichardMoglen) March 7, 2021
Over 60% of people said they did not have one.
It's now one of my main goals to get as many people as possible to commit to writing their own rules which codify their goals and methods.
I strongly believe that writing down your strategy especially if you are a new trader/investor will lead to improved and more consistent performance in the stock market.
Trading the markets is a tough business, money is on the line and emotions can run high.
Preparing ahead of time is essential so that in the moment you are just executing your plan.
This is the best way to stay in the game for the long haul
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I'll begin with the ancient history ... and it goes way back. Because modern humans - and before that, the ancestors of humans - almost certainly originated in Ethiopia. ๐ช๐น (sub-thread):
The famous \u201cLucy\u201d, an early ancestor of modern humans (Australopithecus) that lived 3.2 million years ago, and was discovered in 1974 in Ethiopia, displayed in the national museum in Addis Ababa \U0001f1ea\U0001f1f9 pic.twitter.com/N3oWqk1SW2
— Patrick Chovanec (@prchovanec) November 9, 2018
The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC ๐ช๐น
Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. ๐ช๐น
References to the Queen of Sheba are everywhere in Ethiopia. The national airline's frequent flier miles are even called "ShebaMiles". ๐ช๐น