Thread by @team3dstocks

Questions to ask urself when tracking data:

✅how often does this setup occur
✅at what time does it usually occur
✅what is the avg range
✅what signal/indicator usually marks the top/bottom of this setup
✅what are the fundamentals usually like on this setup?

#BearTipOfTheDay

✅what is the most reliable exit signal for this setup?
✅what is the most reliable entry signal for this setup?
✅where is the best place to place stops on this setup?
✅what do the BEST performers on this setup have in common?
✅how much volume does this setup usually trade?

✅at what time does HOD usually happen on this setup? LOD?
✅How does float size effect this setup?
✅Does this setup respect the key moving averages? if so which ones?
✅Does this setup perform better on day 1, 2 or 3?
✅Who is my competition on this setup? Dumb $ or smart $?

I can keep going but you get the hint.

Know EVERYTHING about ur edge. define it. ask questions. test ur hypotheses. Keep what works. discard what doesnt.

THIS is how you create an EDGE.

this is how u approach every trade with CONFIDENCE instead of ur cunty hopes & dreams.

Emotional money approach the market like this:

"i like this stock. i think it's a buy (or short). i think this. i think that"

Then they lose their money to those who approach the market like this:

"this is setup xyz. it has a 70% winrate. entry signal is x. exit signal is x"

Smart $ go into every trade knowing exactly what SHOULD happen. they're never caught off guard. they saved 1000s of charts of that setup & tracked it for months/years. they already envisioned & studied all the possible outcomes. they just roll the dice🎲and let the odds play out.