The Truth About Trading (Thread)
1/ Risk Management & Consistency
Everything works in the stock market just NOT all the time. You can trade RSI, MACD, Bollinger bands, Volume, and they all will win for a period of time and lose for a period of time.
AVERAGE WINNER > AVERAGE LOSER
Below is a table I’ve created showing the total number of winning trades (per 100) you need to win to be profitable:
1 – I have no attachment to any stock or instrument, my job is solely to manage risk
2 – I am a Casino; I take all trades that fit my trading plan because I know my edge is profitable
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12 solid videos each 1 HR long teaching you all I know on #Options and day trading 🚀
This is my gift to the world ❤️
All of your questions have been answered here 👇👇👇
Help me with a❤️so we can share the TRUTH with the
TradingWarz FREE Indicators TOS
Holy Grail by Rich
https://t.co/yi7xeIsSTX
Inside Power by Rich
https://t.co/J6J8wOMRj6
Doubles by Rich
https://t.co/Tb6RyFjBTd
Outside Power by Rich
https://t.co/Wpr9OlCjid
Leave a ❤️ to help me out
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I’m using Twitter as my trading journal. Feel free to follow along and learn with me. I’ll post the resources I’ve found most valuable below. I’ve attached my evolving trading rules. As you can see, I am continually learning from my mistakes and feel more prepared each day.
Wave theory resources:
https://t.co/zMLJx0Posg
Recommend checking out @StockDweebs newsletter. I don’t practice wave theory myself but have found his picks highly accurate and like to correlate them with my own.
YouTube channels:
TrendSpider @TrendSpider
smithsintheblack @RobInTheBlack
Sara Sabatino @ssabatino84
_ms_izzy @_ms_izzy
Learn to Day Trade @TrueBubbleHead
StockDweebs @StockDweebs
watchjoshtrade @watchjoshtrade
BullTradeFinder @BullTradeFinder
MagicMike @magicmiketrader
Wave theory resources:
https://t.co/zMLJx0Posg
Recommend checking out @StockDweebs newsletter. I don’t practice wave theory myself but have found his picks highly accurate and like to correlate them with my own.
YouTube channels:
TrendSpider @TrendSpider
smithsintheblack @RobInTheBlack
Sara Sabatino @ssabatino84
_ms_izzy @_ms_izzy
Learn to Day Trade @TrueBubbleHead
StockDweebs @StockDweebs
watchjoshtrade @watchjoshtrade
BullTradeFinder @BullTradeFinder
MagicMike @magicmiketrader
So I'll give you a breakdown on which website I use to check my DD along with mainly using my PLATFORM as the MAIN source of information. But other websites are also used. . Then I will provide you with a youtuber whose name is RILEY ..
his content from the playlist start with "how to read stock charts". It's precise and on point and short enough for you to get through this week even if you did one video tonight .. I like his teaching method .. he's slow and very easy to understand
As for DD. It comes from many factors. Mainly the trading platform itself has updated news posted on the ticker you want to trade.
https://t.co/1f8wQs1LcA
Really liking this website it has breakdown of the financials & summary of SEC filings. (con'd)
Also a whole bunch of other stuff that it focuses on the companies that you search. As for what I look for?
10-K & 10-Q.
Read 8Ks ..company updates
Also look to see if they did an recent Offerings (S-4 filings)
Also look to see S-3 filings for upcoming dilutions.
cont'd
https://t.co/nxP0hAJ4UH (Great place for quick articles on many stocks that are posted by analysts who do very good work digging info)
https://t.co/KsYqlmTlQ8 for quick news info
https://t.co/v5xGZqWhbn For constant world news
his content from the playlist start with "how to read stock charts". It's precise and on point and short enough for you to get through this week even if you did one video tonight .. I like his teaching method .. he's slow and very easy to understand
As for DD. It comes from many factors. Mainly the trading platform itself has updated news posted on the ticker you want to trade.
https://t.co/1f8wQs1LcA
Really liking this website it has breakdown of the financials & summary of SEC filings. (con'd)
Also a whole bunch of other stuff that it focuses on the companies that you search. As for what I look for?
10-K & 10-Q.
Read 8Ks ..company updates
Also look to see if they did an recent Offerings (S-4 filings)
Also look to see S-3 filings for upcoming dilutions.
cont'd
https://t.co/nxP0hAJ4UH (Great place for quick articles on many stocks that are posted by analysts who do very good work digging info)
https://t.co/KsYqlmTlQ8 for quick news info
https://t.co/v5xGZqWhbn For constant world news