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 🚀
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All of your questions have been answered here 👇👇👇
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TradingWarz FREE Indicators TOS
Holy Grail by Rich
https://t.co/yi7xeIsSTX
Inside Power by Rich
https://t.co/J6J8wOMRj6
Doubles by Rich
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Outside Power by Rich
https://t.co/Wpr9OlCjid
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[THREAD]
A process is just a set of rituals you complete consistently every single day to achieve a certain outcome (profit).
A process requires an edge which is simply a statistical advantage you have over other players. A strong psychological state can be considered a bonus edge.
I believe that trading can be split into three elements:
1) Knowledge and idea generation
2) Method and trade execution
3) Risk management and mindset
Each element is necessary and it builds a solid foundation in your trading process.
These factors make up the trading trinity.
MY SCANNING PROCESS:
In PM, I look for:
- Top gainers (40%+)
- Notable volume on gappers
- News or catalysts (to justify gap)
- Float (<50M)
- Market cap (<500M)
- Range (check daily)
- Price (<25)
- Stock personality (check daily)
- Filings (cash on hand and offering potential)
I like to use websites such as:
- https://t.co/dGrDjwtOR8
- https://t.co/Vc256oZCre
- https://t.co/AFrA2ebGr6
- https://t.co/N9nDmqz54E
- https://t.co/0aEt36amzx
- https://t.co/K5b5oercFQ
- https://t.co/VogPh4QNHM
-
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
I'll link new threads to this post as I tweet them. Don't go off my work alone, use content by others as well!
🟥 Support/Resistance Flips -
Here\u2019s a little thread on my bread and butter in trading $ETH and $BTC. I base 80% of my trades around simple S/R flips.
— Jelle (@CryptoJelleNL) February 5, 2021
Many traders and investors on here use all kinds of complicated methods, I use a few horizontal lines. pic.twitter.com/Av1Fgdop6L
🟥 Divergences - CHEAT
Morning gents, here's a quick cheat sheet to help you spot divergences while trading $BTC, $ETH and other $ALTS.
— Jelle (@CryptoJelleNL) February 6, 2021
Enjoy, let me know if you want cheat sheets on anything else in the comments below \u2b07\ufe0f\u2b07\ufe0f pic.twitter.com/yjZ43CTHkJ
🟥 BTC Pairs -
Here's a little infographic on why $BTC pairs matter in a bull market.
— Jelle (@CryptoJelleNL) January 16, 2021
Grow your BTC holdings by simply re-balancing spot $ETH and $BTC.
Example below: pic.twitter.com/8JbK6sqjVD
🟥 Funding - THREAD + CHEAT
I've seen many people talk $BTC, $ETH and $ALTS funding and its implications without fully understanding the concept. Here's a quick thread that explains what funding is, how it works and what it can tell you, along with a simple cheat sheet. pic.twitter.com/Hil815E99q
— Jelle (@CryptoJelleNL) February 7, 2021
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Some random interesting tidbits:
1) Zuck approves shutting down platform API access for Twitter's when Vine is released #competition
2) Facebook engineered ways to access user's call history w/o alerting users:
Team considered access to call history considered 'high PR risk' but 'growth team will charge ahead'. @Facebook created upgrade path to access data w/o subjecting users to Android permissions dialogue.
3) The above also confirms @kashhill and other's suspicion that call history was used to improve PYMK (People You May Know) suggestions and newsfeed rankings.
4) Docs also shed more light into @dseetharaman's story on @Facebook monitoring users' @Onavo VPN activity to determine what competitors to mimic or acquire in 2013.
https://t.co/PwiRIL3v9x