BC TRADERLION
Saved by @SeekerHari

There is one simple habit that William O’Neil, Nicolas Darvas, and every other Market Wizard share that is the KEY to their success & outperformance.

The habit? Analyzing their trading through post analysis.

Here is our guide to doing post analysis like a Market Wizard.

🧵👇

 Post Trade Analysis (PTA) is one of the most important parts of any trading system.

It is the process of analyzing each & every one of your trades, highlighting:

✅ Setup/edge
✅ Market env. at time of trade
✅ What you do well/poorly

& more!
By the end of this thread, here’s what you’ll learn about PTA:

1. Non-negotiable Benefits of PTA
2. The most important metrics to look at
3. Letting results guide your trading
4. PTA Frequency guidelines
5. Top Trader Template
6. Secret Bonus Tip

Let's get right into it.
PTA Tip #1: Non-negotiable Benefits of PTA

By analyzing your trades, you are ensuring that:

· You will know what works best for you
· You will know what is holding your performance back
· You will know how to FIX your trading issues

& there's one more hidden benefit of PTA...
Analyzing who you are as a trader builds a foundation of CONFIDENCE.

If you are struggling with your confidence, there is no better place to start than taking a cold hard look at your results.
You'll see the truth of what you are doing right and what you are doing wrong.

Armed with this knowledge, you can take decisive action to improve your current trading system.

Your awareness, discipline, and confidence will grow.
PTA Tip #2: Most Important PTA Metrics to Analyze

✅ Effectiveness of each Edge
✅ Average Gain/Loss
✅ Batting Average

Let's go into a little bit more detail on each of these 3 points:
Effectiveness of Edge:

You want to know how well each one of your edges/setups is performing.

For example, you may want to analyze your...

· Breakout buys
· Pullback buys
· Earnings gap up buys

Are they making you money over a large sample size of trades?
Not only is it important to know how well each one of your edges is performing so that you know to focus on it in the future, it is even more important because it tells you what the environment is rewarding.

Not every market is made for both breakout and pullback buyers!
Tracking these stats on your setups/edges allows you to adapt your actions to fit the current market.

For example, if you know your average gain on a setup over the past 50 trades is 10%, it may be smart to sell some at 10% since this is what the environment has been giving you.
Average Gain/Loss:

Here you want to calculate how large your average gains and losses are.

One of the main reasons for calculating this metric is it can help you with your sell rules!
By knowing your average gain and batting average, you can calculate where you need to cut your losses to maintain a strong expectancy.

A rule of thumb is to cut your losses at 1/2 to 1/3 of your average gain.
Batting Average:

This metric tells you how many trades you've won, lost, or taken breakeven gains on.

It helps you determine your best risk management practices going forwards.
Tracking your batting average on an overall and per setup basis keeps you in tune with the market conditions.

Pay attention when this metric significantly dips or increases over the past 15 or so trades. That could be an indication of a deteriorating or improving market.
If you want to know more about risk management & how to implement it into your trading system, check out this thread we did below:

https://t.co/g3Cid6p466
PTA Tip #3: Let Your Results Guide Your Trading

Everything we have spoken about above leads to this topic.

You want your PTA to result in changes to your rules & trading execution to improve your performance.

Let's look at a quick example 👇
Let's say you are always selling your positions too early and cutting off your profits as a result.

But looking back, you notice that over all of these types of mistakes you are selling when the stock hasn't breached it's 21-day exponential moving average!
An easy fix would be to create a new sell rule that prevents you from selling until your stocks break this moving average decisively when the market is in a strong uptrend.

This is a simple example but in can have a tremendous affect on your bottom line as a trader.
PTA Tip #4: Frequency Guidelines

At TraderLion, we recommend traders conduct their post trade analysis at least once a month depending on their trading activity and volume.

The more you trade, the MORE you should be analyzing your results.
You never know what you'll find and how it could affect your profitability going forwards.

Often common mistakes or even strengths are impossible to realize in the moment, it's only when looking back at your trading that you can see the patterns.
Now that we've gone through the benefits, what you need to look for, and how to let PTA guide your actions in the market, we want to give you a living template used by @RayTL_
@RayTL_ PTA Tip #5: PTA Template

Our head trader, @RayTL_ helps traders through mentoring & education offered at @TLPrivate_

One of the most valuable things he does is log all of his trades, so members can see how his interpretation leads to his actions in the market.
@RayTL_ @TLPrivate_ Here's a quick video highlighting everything he emphasizes in his trade log:
@RayTL_ @TLPrivate_ Most important things that Ray tracks:

✅ Entry/Exit price
✅ Entry/Exit rationale
✅ Entry/exit edges tactics
✅ % Gain (color coded)
✅ Days held

Make sure you add these to your PTA process!
@RayTL_ @TLPrivate_ Bonus PTA Tip! : Print out your Trades

Printing out charts and marking up your trades by hand will allow you to focus and grade your trading more objectively.

We highly recommend you do post analysis by hand just like the great traders of the past had to do.
@RayTL_ @TLPrivate_ By marking up your individual buys and sells on a printed chart you'll achieve a different perspective than if you were doing it digitally.

You will also be building up your library of previous trades that you can look back on and study.
@RayTL_ @TLPrivate_ Now let's recap everything you learned in this thread:

✅ Non-negotiable Benefits of PTA
✅ The most important metrics to look at
✅ Letting results guide your trading
✅ PTA Frequency guidelines
✅ PTA Template
✅ Print out your Trades
@RayTL_ @TLPrivate_ Remember, if you want to be a great trader or investor, you have to analyze your trades!

Here's one last story from @dryan310 on how his results changed once he started analyzing his trades:

https://t.co/7huICLY8rj
@RayTL_ @TLPrivate_ @dryan310 Post Analysis takes effort, but it is one of the key ways you can improve your trading over time.

Don't hide from the truth of your trading, face the results and look for patterns in your execution and trade management.
@RayTL_ @TLPrivate_ @dryan310 To have a multi-decade career as a trader, post analysis is essential.

And you just might find that one habitual mistake that is leading the majority of your losses.

One rule change after making such a realization can be the key to achieving super-performance.
@RayTL_ @TLPrivate_ @dryan310 That's a wrap!

If you enjoyed this thread:

1. Follow @TraderLion_ for more content to level up your trading!
2. RT the tweet below to share this thread with your audience 💪 https://t.co/6am3GFxhGg

More from TraderLion 🦁

TraderLion \U0001f981
TraderLion 🦁
@TraderLion_
8 Chart Patterns by William O'Neil

Let's break them down one by one🧵


Perhaps the most famous basing pattern found in the market is the Cup with Handle pattern.

✅ Chart resembles a cup with a handle
✅ Base length: Minimum 7 weeks
✅ Base depth: 20-30%
✅ Buy point: high of the handle
✅ Handle length: 1 week
✅ Handle depth: no more than 15%


There is also a Cup without Handle pattern.

✅ Chart is just a cup, no handle
✅ Base length: Minimum 7 weeks
✅ Base depth: 20-30%
✅ Buy point: High of left side of cup


The Double Bottom chart pattern is also very common & is one of the most powerful patterns to learn.

✅ Base resembles a "W"
✅ Base length: Min. 7 weeks
✅ Base depth: < 40%
✅ Buy point: middle of "W"
✅ Second low must undercut first low


The Flat Base pattern is another well known structure coined by William O'Neil.

✅ Base resembles a shallow consolidation
✅ Prior uptrend must be greater than 30%
✅ Base length: Minimum of 5 weeks
✅ Base depth: < 15%
✅ Buy point: High of structure
TRADERLION , ALL , CHARTS
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What to look for when the market gets volatile. (Thread)

↓

The first thing you should be on the lookout for is tight price action in leadership names. During corrective markets, liquidity is low as market participants take a step back due to uncertainty.

This leads to larger price ranges and therefore tight action is a sign that liquidity is returning to the markets.

As certainty returns, price action becomes tighter and more rational.

This type of action is much easier to operate in as a retail trader since it allows you to define risk which is always first and foremost in any trading strategy.

Another key thing to look for is multiple RS days within specific stocks and groups.

RS ( Relative Strength) Days occur when a stock outperforms the market and other stocks during a corrective period.

If you need a refresher on Relative Strength techniques check out this blog post:
ALL , TRADERLION
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TraderLion \U0001f981
TraderLion 🦁
@TraderLion_
How Stage Analysis can improve your Trading & Investing 📈📉

Thread🧵

👇

Stan Weinstein's Stage Analysis offers traders a powerful methodology to identify trends in the markets while following strict risk management principles.

1/


First, let's review who Stan Weinstein is and his contributions to the market.

Weinstein is a veteran technical trader who has over 50 years of experience and now works as an advisor for institutional investors.

2/

Stan is well known for authoring "Secrets for Profiting in Bull & Bear Markets" which you can find at the link below.

This book is incredibly well written and gets into the nitty-gritty of his processes in the

So, what is Stage Analysis?

Stage Analysis is used to identify the longer-term trend of a stock or index. There are 4 different stages 👇

The Basing Area, Advancing Phase, The Top Area, and Declining Phase.

4/
TRADERLION
TraderLion \U0001f981
TraderLion 🦁
@TraderLion_
4 Simple Steps to Avoid Downtrends 📉 (a thread)

🧵


1. Know the difference between an uptrend & a downtrend 📈📉

At TraderLion, we identify an uptrend as stocks/markets that trade ABOVE a RISING 21DSMA and 50DSMA.

A downtrend occurs when stocks/markets trade BELOW a downsloping 21DSMA/50DSMA.

Let's look at an example 👇

$QQQ from 2020 shows what an uptrend, downtrend, and even chop period looks like.


2. Know when it is really time to make money on the long side.

Swing Traders: when markets/stocks are above the rising 21D
Position Traders: when market/stocks are above the rising 50D

We can take this one step further by understanding what a Power Trend is 💪

The trend is really your friend when we have a Power Trend in the general indexes. A concept coined by the @IBDinvestors team, we must have the following:

✅ Low > 21ema for past 10 sessions
✅ 21EMA > 50SMA for at least 5 sessions
✅ 50SMA slope is positive
✅ Market closes up
TRADERLION
TraderLion \U0001f981
TraderLion 🦁
@TraderLion_
As traders, we primarily compete with ourselves to honor our rules and execute our edges.

With money on the line, trading is an incredibly strenuous mental game where emotions can flare up leading to costly mistakes

The Importance of Mastering Trading Psychology.

(Thread) 👇

Trading Psychology or the Mental Game of Trading encompasses solving problems regarding emotions such as Greed, Fear, Anger, Confidence and Discipline.

Contrary to popular belief, having a strong mental game does not mean eradicating emotion.

Instead, it means learning to transcribe your emotions into data that you can use and analyze to connect past states to current ones.

Trading is a performance sport.

We execute at our highest ability when we can use emotions as fuel and for intuition but are not so dominating that they cloud our judgment.

Think about the best athletes in the world : Kobe, Jordan, Lebron, Messi, Ronaldo, Federer, Nadal...

They compete with passion, emotion. This drives them and they are able to unlock their full potential.
TRADERLION

More from Traderlion

TraderLion \U0001f981
TraderLion 🦁
@TraderLion_
As traders, we primarily compete with ourselves to honor our rules and execute our edges.

With money on the line, trading is an incredibly strenuous mental game where emotions can flare up leading to costly mistakes

The Importance of Mastering Trading Psychology.

(Thread) 👇

Trading Psychology or the Mental Game of Trading encompasses solving problems regarding emotions such as Greed, Fear, Anger, Confidence and Discipline.

Contrary to popular belief, having a strong mental game does not mean eradicating emotion.

Instead, it means learning to transcribe your emotions into data that you can use and analyze to connect past states to current ones.

Trading is a performance sport.

We execute at our highest ability when we can use emotions as fuel and for intuition but are not so dominating that they cloud our judgment.

Think about the best athletes in the world : Kobe, Jordan, Lebron, Messi, Ronaldo, Federer, Nadal...

They compete with passion, emotion. This drives them and they are able to unlock their full potential.
TRADERLION
Richard Moglen \U0001f4fd\ufe0f\U0001f981\U0001f6a2
Richard Moglen 📽️🦁🚢...
@RichardMoglen
What is Relative Strength (RS) and how to identify it (Thread)

Focusing on stocks exhibiting strong Relative Strength is one of the keys to achieving superior returns. This is one of the core ideas of #CANSLIM

In one sentence showing RS means outperforming other stocks both during market uptrends and downtrends.

In this thread we will cover examples, how to spot it, and how to use it to make sure you are in the top stocks.

If you want to outperform the indexes, logic says you have to be invested in stocks doing the same.

First Some Basic Terminology:

RS Rating: @IBDinvestors Proprietary measure of RS scored 1-99. Stocks with an RS rating of 80 have outperformed 80% of stocks over the past year.

RS Line: The Line plotted by dividing each day’s stock price/ price of the SPX.


The value of the RS line itself does not mean anything, but the trend of this line is very important.

-Note RSI (Relative strength index) is something completely unrelated to the concept of this thread.
TRADERLION
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TraderLion
TraderLion
@TraderLion_
How to deal with Deep Red/ Reversal Days (Thread)

Often when the market is extended, we can get a quick reversal to the downside with little or no warning.

There are two main ways these days can go.

We can have a steady selling day with key stocks losing pivots or we can retrace, reverse and then finish strong.

When the market starts showing signs of accelerating distribution during the day, and leading stocks are suddenly down 5+ %, emotions and panic can quickly cause you to ignore rules and make non-systematic decisions.

Below we will cover how to prepare for this event and manage it objectively.

It’s key to understand that emotion can never be eliminated from your trading, that isn’t the goal and is not achievable.
TRADDERLION , TRADERLION
TraderLion
TraderLion
@TraderLion_
Why do we track institutional footprints? 🐘 (Thread)

Large institutions like mutual funds, hedge funds, banks, insurance companies, trusts, etc. amount for over 75% of all volume. These institutions move the market, not you and I.

It makes sense that if these guys are moving the markets, we would ideally want to buy the same stocks they are buying, but before they buy them? Right?

So, let’s get a clear understanding of how and why this is so important and what this might look like behind the scenes.

For starters, let’s discuss what we mean by a large institution. In this case, we are referring to the many funds, pensions, trusts, etc. that are responsible for managing tens, if not hundreds of billions of dollars.

Hence, they easily attract and can afford to retain the planet’s top talent, not to mention, their research budgets are enormous.

They have access to information and resources that the retail crowd simply does not, and if they did, it would likely be extremely unaffordable.
ECONOMY , TRADERLION
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In the fall of 2018, I signed up for a class called "Introduction to the Stock Market and Technical Analysis" taught by Dr. Eric Wish

This class changed my life.

Here are 10 Lessons Dr. Wish taught me from his over 50 Years of Trading.

(Thread)

Before this class I had absolutely no knowledge about investing, trading, or how to read a stock chart

Today, trading & studying the commonalities between the greatest performing stocks is my passion, and what I’ve spent the past 1000+ days focused on

Now onto the first lesson

Financial Literacy

The first lesson Dr. Wish taught me was the importance of overall financial literacy.

Roth IRAs, interest rates, budgeting, building credit the right way.

You need to master money management before thinking moving on to trading/investing.

Overall Strategy

Throughout the class, Dr. Wish repeated his trading mantra.

As you gain trading knowledge and experience, you'll appreciate the simplicity and depth of this one sentence:


Determine the Market Trend

The vast majority of stocks follow the overall trend of the market. This is why the mantra begins with “In a Rising Market”

"At least 50% of the whole game is the general market."

-William O'Neil
TRADERLION , MARKET TREND

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Bhoga Yoga Narasimha Swamy Temple, Devarayanadurga is located near Tumkur of Karnataka. There are two temples are here for Narasimha Swamy, one is at the base of the hill which is Bhoga Narasimhar and 👇


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SRI BANKEY BIHARI JI, VRINDAVAN (UP)

Very famous Krishna Mandir where Bankey Bihari Ji is worshipped and looked after as a child.
Bankey means “Bent at three places”.
Thakur Ji was worshipped in Nidhivan till 1863. This mandir was constructed in 1864 by Goswamis.
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Legend says that Swami Haridas used to worship Krishna in Nidhivan.
Once, his curious disciples entered the forest but they were almost blinded by bright, intense light. Upon knowing this, Swamiji himself went there and after his requests, Krishna appeared with his consort.


Krishna, then, left back this black charming murti,which we see now, before disappearing.
A curtain is drawn before the murti after every 15-30 second. It is said that if one stares long enough into the eyes of Shri Banke Bihari, the person would lose his self consciousness.


Bankey Bihari Ji sports a flute only once a year on the eve of Sharad Purnima.
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If there is one thing I have learned it is that people love bullshit. They buy bullshit stories from professional bullshit artists, accept bullshit philosophies, purchase bullshit how-to-books, vote for bullshitting politicians.

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But if you actually are interested in facts you begin to notice how little most people care for them. Sometimes it is because they are heard to learn and bullshit is so much more widely and easily available. Sometimes it is because facts make them uncomfortable about themselves.

Sometimes it is because just one tiny fact will upset a whole worldview that has grown as comfortable as an overstuffed chair. (Settling into such worldviews is a lot like settling into chairs like that because the longer you're there and the deeper you sink...

...the harder it is to hoist yourself up and out of your fat-assed intellectual laziness.) But I actually think the reason people have such an appetite for bullshit goes deeper, goes to an aspect of ourselves we just can't accept.
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X : Yes
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X : That sounds like nonsense.
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Risks of bat-borne zoonotic diseases in Western Asia

Duration: 24/10/2018-23 /10/2019

Funding: $71,500
@dgaytandzhieva
https://t.co/680CdD8uug


2. Bat Virus Database
Access to the database is limited only to those scientists participating in our ‘Bats and Coronaviruses’ project
Our intention is to eventually open up this database to the larger scientific community
https://t.co/mPn7b9HM48


3. EcoHealth Alliance & DTRA Asking for Trouble
One Health research project focused on characterizing bat diversity, bat coronavirus diversity and the risk of bat-borne zoonotic disease emergence in the region.
https://t.co/u6aUeWBGEN


4. Phelps, Olival, Epstein, Karesh - EcoHealth/DTRA


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