Discover and read the best of Twitter Threads about #TraderBite

Most recents (2)

Not directed at anyone in particular, but there is a lot of well-intentioned #trading advice on fintwit about avoiding FOMO, being patient, reading price, etc. However, the underlying issues aren't being addressed: [a short thread]

If I'm avoiding FOMO, then what am I waiting for?

If I'm being patient, then what am I looking for to act?

If I'm reading price, what is it exactly that I'm reading?
The core issues for most are no longer under-capitalization and leverage (thanks to the push for micros that finally came to fruition). The underlying issues that must be resolved are...
Read 7 tweets
Can I get on my soapbox here for a minute?
Based on comments made on #TraderBite this morning about the trend up yesterday and how it contained a TON of delta divergence sell signals and seemed to rise on negative delta. Many have emails, DMed, etc. Saying they were the "imbecile" selling all the way up....
So I get why this happens and how enticing it is to try to call a top and catch that turn for a super-dose of dopamine and euphoria. BUT this is not trading. Not by a mile. It isn't stupidity, it is just not recognizing where we are on the map and staying objective....
Read 12 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!