Tweetstorm: Weekend Learning

Having a growth mindset.

Covid-19: people went broke-people also saved much
spending would be unleashed
supercycle coming
Innovation cycle of digital revolution
U r the architect of ur own life
TML: True Market Leader
How many TML's are extended?
Concern: short term excesses
long term: super-cycle
Economic boom-secular supercycle-FED-people wanna spend.
Short term super volatile pullback~f(rapid ascend)
Currently, there is institutional adaption is high in Bitcoin
Never violate the trend.
Be very cautious about people who become ur mentor.
position sizing
shortening losses
sector allocation
keep these as ur guard rail.

Crypto Update: Etherium might jump back.
Trader Evolution:

1. Cutting ur losses
2. Better selection criteria
3. Getting a mentor
4. Understanding the value of a cushion
5. Risk management is the bedrock.
6. Spend the money on keeping urself up and running
People sell out of fear.They don't have the experience of a triple-digit winner
People don't believe their system.
Not being fearful, understand the system.
It takes 18 months for a TML to get there.
Earnings strategy: 50-80% of the gains occur in earnings
6 qrtrs in a row creates a lifetime opportunity
u need to b in A game in ur life
how ur home life?
consistently do one thing for 30 yrs. Consistency and Discipline is key.
Doing the research for urself.
Smart people learn from their own mistakes.
Wise people learn from other people's mistakes.
u wud always make mistakes, it's part of the game.
u don't have to be perfect, recognize mistakes early.
reversing mistakes quickly. ur default is that u wud hit stops in all ur trades.
Greats even fail 6-7 out of 10.
To fly in a private jet u need to have 4-5 stocks working starting for 5 beats/raise quarter with good position size.
Great traders accept the mistakes. They are real people.
3-5 stocks climaxing in a day is a rare scenario.
Buying extended is a classic rookie mistake
U have to know when is the special occasion to break rules
u have to be composed 95% of the time and not to break rules.
Anything trading below 50dma 4-5% below it on Friday close is a red flag.
never sell a stock with 100% earnings before 50dma. True elite gems.
Buy at breakout + position size. Not before 50dma.
Once u get in and u have a cushion, and trusting 50dma is no lock.
Understanding liquidity and cushion r two great things.
Meditate when u lose ur mind.
One cannot say a stock would not go higher.
U don't learn until u get crushed.
once u r trapped u never buy a piece of junk.
smallcap+low liquidity stock.
A big part of the money is made where midcaps transition into large caps.
If u don't have self-responsibility ur never going to make it.
I make decisions and execute it

***THE END***

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More from @OWSM_trader

19 Dec
Tweetstorm: Weekend learning

Make trading strategies ur own.

We r in the interpretation business rather than a prediction business.
Rule: not to sell based on fear of losing profits.
Look for psychological indicators, put-call ratio etc.
Its just competition vs ourselves.
Your eyes wud b walking through the patterns after ur big practice for time.
Know the character of the stock.
No matter how great the fundamentals if the stock if its not forming setups it just doesn't matter. If u wanna look for character, look at the left.
Up on vols
Ipo scan
Industry group

RS line: New highs before price
Buy stocks early nd pyramid final position at traditional breakout.
Have a tight and logical stops.
Read 4 tweets
19 Dec
Tweetstorm: Weekend learning

How to protect profits by being a risk first trader ?

Look at the watchlist candidates and analyse how many are above 50dma.

Progressive exposure: u scale up when markets and stocks r doing right.
When things get wedged up, u get few flushes.
U have to learn everything to be able to do by urself.
Importance of mistakes and learning from them.
People have bad habits. They want to be how great traders are but, don't do they don wht they do. Remove bad habits.
Building the case apart from technicals helps build the full picture: conviction.
Read all signals, signs and the chart.
Its just a big game and u ride on the shoulders of the big funds.
Read 9 tweets
19 Dec
Tweetstorm: weekend learning

The art of managing winning stocks

Have plan to reduce on weakness
Best companies wan to up.
Best stocks can't avoid indexes
Market always fool u
Focus on wht u own and wht u wish to own.
Don't try to read too much into markets.
As vaccine goes out, more traditional companies getting into limelight.

Great trades don't require predictions.
U just have to see it and take action.

-->>Have a consistent routine:
-> weekend study
-> all fishing on weekends
-> u have full weekly bar
-> Sunday afternoon
U r always 4 days away from a potential rally(FTD).
Keep urself on the toes and keep training.
Once u catch a big name one time, u get hooked. U want to do that again.
Read 10 tweets
20 Nov
Repeating the same mistake is self sabotage.

By monitoring ur mistakes & continuing to work on urself u can minimise their impacts.

Key to generate above avg profits.
Your reality is shaped by your beliefs.
U don't trade the markets, u trade ur beliefs about the market.
Read 42 tweets
18 Nov
Market Snapshot: 18.11.2020

4WDDC: 0
5WDDC: 0 Image
Chart: Image
Internal meters: Image
Read 4 tweets
17 Nov
So, the setting is as follows currently: I got an interesting stock chart in just 18 secs.

NDP: Near Darvas pivot Image
FSL: VCP 3T Image
JASH: crazy deliveries for some time now. Image
Read 18 tweets

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