There are certain indicators, levels, or other ways you can increase your odds of being right >50%, but you'll never get significantly higher
You always hear people let your winners ride or cut your losers early. Easier said than done, right?
Well, it's a mathematical fact that implementing this will improve your trading profits
The math behind leaving runners on and cutting losers early 👇👇👇
There are certain indicators, levels, or other ways you can increase your odds of being right >50%, but you'll never get significantly higher
You HAVE to let your winners run and cut your losers early.
Example: you take 100 trades for $100. Winners win $10, losers lose $10. To profit, you need 51 winners (+$510) and 49 losers (-$490)
Example: you take 100 trades for $100. Winners win $20, losers lose $5. To profit, you need 21 winners (+$420) and 79 losers (-$395)
You can essentially lose 4 out of every 5 trades and still make money if you simply let your winners run and cut your losers
2:1 (winners run 20%, losers stopped out at 10%), you only need to win 34%
3:1, 26%
4:1, 21%
You decrease the # of trades you need to hit by having your winners outweigh your losers
1) Have a rule on your stop losses. Personally, every trade I enter I immediately set a STOP order for -10%
2) Have a target profit level for winners. For me, I like the 2:1 risk/reward so once a trade hits 20% profits, I start to scale out
So when my trade hits 20%, I scale out part of my position and move my stop order for the rest to 10% profits
Remember, YOU CAN ALWAYS RE-ENTER.
1) Your thesis of it breaking the level is no longer valid
2) If it breaks above the level again, you can just re-enter
Special thanks to @AdamSliverTrade , @notmrmanziel , @TradingWarz , and the rest of the #LDL crew for getting me on this path and helping inform threads like this
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How to Scan for stocks whose options move over
Ever wonder how traders get in stocks before they explode? \U0001f9d0
— FT Trading\u2503Stock Trader (@FT__Trading) October 27, 2021
Or find options that move 1,000% in a single day/week?\U0001f92f
I made a thread going over exactly how I find these stocks BEFORE they take off \U0001f680
\U0001f447\U0001f447\U0001f447
My EXACT Strategy breakdown in a brief
I\u2019m a full time day/swing trader for a living.
— FT Trading\u2503Stock Trader (@FT__Trading) October 20, 2021
I\u2019ve learned a lot through my time trading.
Here\u2019s a thread going over my exact trading strategy
As well as some helpful tips/tricks.
\U0001f447\U0001f447\U0001f447
The Top Tools every trader should
Ever wonder what the best tools for trading are? \U0001f528
— FT Trading\u2503Stock Trader (@FT__Trading) December 28, 2021
Here are the top tools I use as a full-time trader\U0001f9f5
\U0001f447\U0001f447\U0001f447
In this thread I will be revealing to you guys my step by step process on how I do my due diligence on any ticker along with the process of how I find good setups and what resources and websites do I use to do it.
Step 1: Finding Good Chart Setups (continued)
Attached below is my personal finviz screener settings which I use to look at charts and how I
change some of the settings to my own preferences.
Site Reference: https://t.co/liI2ktnHhz
PS: Sometimes I don't even select any pattern
My favorite bullish chart setups that I personally look out for initiating swing positions:
1-) Falling Wedge Pattern
2-) Ascending Triangle Pattern
3-) Fish Hook / Oversold Bounce Pattern
4-) Channel Up Pattern
5-) Descending Triangle Breakout Pattern ( Towards Upside)
Step 2: Checking for Offerings
Once I have found a good chart, with a high risk reward ratio, the immediate first thing that I
do is to look out for any signs of upcoming offering. Since I don’t want to get caught in
offerings , these are the two things that I lookout for.
Step 2: Checking for Offerings (continued)
1-) Firstly, I look for whether the company had made any recent offerings in the last two months, if yes then there are less chances of new offerings.
Below YOU will find a thread to ALL my #InestrTradesCrashCourse!
Please ❤️Like, 🔁Retweet & ✅Follow if you want more videos!
I Will continue to add content to this as I create more crash courses for you guys!
Tools Used:
@unusual_whales
https://t.co/6HpP0YeJoj
\U0001f6a8SWING TRADE CRASH COURSE\U0001f6a8
— InvestrTrades (@InvestrTrades) November 13, 2021
Beginners Guide to Swing Trading
\u2705How to find setups
\u2705How to use @unusual_whales to build conviction
\u2705Which Options Strike to Choose
Please \u2764\ufe0fLike, \U0001f501Retweet & \u2705Follow if you want more videos!
https://t.co/It3cOSqxkj
\U0001f6a8OPTIONS CRASH COURSE\U0001f6a8
— InvestrTrades (@InvestrTrades) October 30, 2021
Beginners Guide to Options + Trading Options With Unusual Whales & How!!
So Many of you have been asking about the basics of options so you can use @unusual_whales for day/swing trading.
Please \u2764\ufe0fLike, \U0001f501Retweet & \u2705Follow if you want more videos!
https://t.co/lc7HAXqXKz
\U0001f6a8OPTIONS CRASH COURSE PART 2\U0001f6a8
— InvestrTrades (@InvestrTrades) November 20, 2021
We will discuss
\u2705Day Trade? Swing Trade?
\u2705What Strike/Exp To Choose
\u2705How to Put in Options Order
\u2705How to use @unusual_whales to Get Conviction
\u2705When All Combined. Choose Strike/Exp
Please \u2764\ufe0fLike, \U0001f501Retweet & \u2705Follow if you want more videos!
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