(2/n)
How to build a successful trading mindset?
A thread 🧵
There is a lot of talk about trading mindset or psychology. But what exactly is trading mindset?
#StockMarket #trading
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Why?
(3/n)
Because though the problems are similar, what triggers an individual to go down the wrong way or repeat the same mistake is different.
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(5/n)
Placing random trades - Many know they are not supposed to trade randomly but wait for the proper setup. But every now and then, random bets are placed.
(6/n)
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Start the diet you always wanted to, the workout routine you planned. The confidence you gain from doing it will spread to other aspects of your life incl trading.
(8/n)
Is it coz you are waiting for that one big trade that can change your life or because you are too impatient to make small consistently? If yes, where are those thoughts coming from?
(9/n)
Asking oneself hard hitting questions that are uncomfortable is part of the process.
(10/n)
And it is not impossible. It takes time and a lot of conscious effort but it can be done.
(11/n)
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If you liked the contents of this thread, follow @KillerTrader_ for more such content.
Re-tweet and like for a wider reach and to keep me motivated to continue sharing.
#trading
More from Killer Trader 📉📈
Nifty basic volume profile analysis for today:
Yesterday, shared about various types of volume profile analysis and how to prepare for next day. Read here
We had discussed that a "p" shaped profile and close at highs indicates longs are in control of the market.
It also indicates high chances of uptrend continuation next day.
But
(2/n)
How to trade a failure of trend continuation? Yesterday, we saw a "P" shape profile in Nifty and close at highs.
But we failed to continue upmove today.
(3/n)
We opened positive but the opening breakout not sustaining is first cue to understand that bulls are lacking initiative to push prices up further.
(4/n)
For confirmation, one can use orderflow as well to see real time supply demand flowing into the market.
At open today, we saw fresh sellers coming in a bullish opening.
(5/n)
Yesterday, shared about various types of volume profile analysis and how to prepare for next day. Read here
How to analyze Nifty using various types of volume profile:
— Trader Abhishek (@KillerTrader_) September 5, 2022
A thread \U0001f9f5
(1/n)
We had discussed that a "p" shaped profile and close at highs indicates longs are in control of the market.
It also indicates high chances of uptrend continuation next day.
But
(2/n)
How to trade a failure of trend continuation? Yesterday, we saw a "P" shape profile in Nifty and close at highs.
But we failed to continue upmove today.
(3/n)
We opened positive but the opening breakout not sustaining is first cue to understand that bulls are lacking initiative to push prices up further.
(4/n)
For confirmation, one can use orderflow as well to see real time supply demand flowing into the market.
At open today, we saw fresh sellers coming in a bullish opening.
(5/n)
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1/x Fort Detrick History
Mr. Patrick, one of the chief scientists at the Army Biological Warfare Laboratories at Fort Detrick in Frederick, Md., held five classified US patents for the process of weaponizing anthrax.
2/x
Under Mr. Patrick’s direction, scientists at Fort Detrick developed a tularemia agent that, if disseminated by airplane, could cause casualties & sickness over 1000s mi². In a 10,000 mi² range, it had 90% casualty rate & 50% fatality rate
3/x His team explored Q fever, plague, & Venezuelan equine encephalitis, testing more than 20 anthrax strains to discern most lethal variety. Fort Detrick scientists used aerosol spray systems inside fountain pens, walking sticks, light bulbs, & even in 1953 Mercury exhaust pipes
4/x After retiring in 1986, Mr. Patrick remained one of the world’s foremost specialists on biological warfare & was a consultant to the CIA, FBI, & US military. He debriefed Soviet defector Ken Alibek, the deputy chief of the Soviet biowarfare program
https://t.co/sHqSaTSqtB
5/x Back in Time
In 1949 the Army created a small team of chemists at "Camp Detrick" called Special Operations Division. Its assignment was to find military uses for toxic bacteria. The coercive use of toxins was a new field, which fascinated Allen Dulles, later head of the CIA
Mr. Patrick, one of the chief scientists at the Army Biological Warfare Laboratories at Fort Detrick in Frederick, Md., held five classified US patents for the process of weaponizing anthrax.
2/x
Under Mr. Patrick’s direction, scientists at Fort Detrick developed a tularemia agent that, if disseminated by airplane, could cause casualties & sickness over 1000s mi². In a 10,000 mi² range, it had 90% casualty rate & 50% fatality rate
3/x His team explored Q fever, plague, & Venezuelan equine encephalitis, testing more than 20 anthrax strains to discern most lethal variety. Fort Detrick scientists used aerosol spray systems inside fountain pens, walking sticks, light bulbs, & even in 1953 Mercury exhaust pipes
4/x After retiring in 1986, Mr. Patrick remained one of the world’s foremost specialists on biological warfare & was a consultant to the CIA, FBI, & US military. He debriefed Soviet defector Ken Alibek, the deputy chief of the Soviet biowarfare program
https://t.co/sHqSaTSqtB
5/x Back in Time
In 1949 the Army created a small team of chemists at "Camp Detrick" called Special Operations Division. Its assignment was to find military uses for toxic bacteria. The coercive use of toxins was a new field, which fascinated Allen Dulles, later head of the CIA