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TraderLion

@TraderLion_

Aug 13

Jesse Livermore was one of the most successful stock traders of all time, making over $100 million shorting the stock market in 1929 - equivalent to close to $2 billion in today's money🤯

Here are 21 timeless principles he applied to markets to generate large profits 💰🧵👇

"Nothing new ever occurs in the business of speculating or investing in securities and commodities."

This is because human nature is still the same as it was 100 years ago, so patterns that worked then still work now!

"Money cannot consistently be made trading every day or every week during the year."

There are times to press the gas and there are times to sit on your hands. These are arguably the most profitable skills for a trader to learn, but also the hardest.

Read 24 tweets

TraderLion

@TraderLion_

Aug 11

Richard Dennis, also known as the "Prince of the Pit" was a very successful commodities trader.

In the 1970s, Dennis borrowed $1,600 and turned it into over $200 million in 10 years.

Below are 11 of our favorite Richard Dennis quotes 👇🧵

"It is misleading to focus on short-term results."

Our results are best measured over 100s or even 1000s of trades to avoid short-term variability!

"You have to minimize your losses & try to preserve capital for those very few instances where you can make a lot in a very short period of time. What you can’t afford to do is throw away your capital on suboptimal trades."

Wait for your pitch.

Read 14 tweets

TraderLion

@TraderLion_

Apr 27

Momentum trading is one of the most lucrative wealth building tools in the world of investing. Imagine being able to find $NVDA BEFORE the big move.

It's possible if you pay attention during a correction because these leaders leave clues 🔎

A thread on what to look for:

Corrections are feared by most because people associate the lower prices with losing money, which makes sense because most people do lose money during a correction.

But corrections are what create opportunities for the astute momentum trader looking for the next big winners 🧐

However, the first priority during a correction is to protect capital. We are looking for clues to spot the next big winners but you WILL get chopped up if you trade too much before the correction runs it's course.

We want to be in a position of strength when the time is right💪

Read 19 tweets

TraderLion

@TraderLion_

Jan 31

You're passionate about the stock market, but your results constantly disappoint you.

Here are 10 mistakes you're probably making right now (and simple ways to solve them):

1) Trying to learn everything there is to know about every aspect of the markets.

Majority of traders/investors struggle because they’re overcomplicating their strategy.

Instead of trying to be an 'everything' expert, be a 'your strategy' expert.

It really is that simple.

2) Trying to be someone you’re not.

William O'Neil could be full margin in one or two names. Is that something you could do?

Build a method that fits your strengths, risk profile, & personality—not someone else's.

Read 12 tweets

TraderLion

@TraderLion_

Jan 27

One of the most powerful chart patterns is the Volatility Contraction Pattern (VCP), made famous by Market Wizard @MarkMinervini.

If you want to be an expert in technical analysis, this pattern is a MUST KNOW.

Here are the crucial elements (so you can spot it in seconds):

@markminervini The most important traits of a valid VCP pattern are the following:

1. Tightening from left to right within the base
2. Relative strength and accumulation signs
3. Volume dry ups & lack of sellers
4. A very tight final contraction

Let's dive deeper with a real world example ↓

@markminervini Characteristic #1: Tightening Within The Base

Proper VCP patterns show volatility contracting as time goes on.

This is characterized by a set of higher lows, with highs staying relatively equal throughout the base.

Here’s a recent case study in $NVDA:

Read 13 tweets

TraderLion

@TraderLion_

Jan 25

If you’re struggling to determine your timeframe as a trader, read this:

There are 3 different timeframes to choose from in the market.

· Day Trader
· Swing Trader
· Position Trader

Your timeframe will be a reflection of your personality, lifestyle, & goals.

Let's find out which one is right for you ↓

#1: Day Trader

The appeal of day trading is that by executing your trades during the session, you remove any overnight risk.

You may miss bigger moves but sleep better at night.

These traders buy/sell on lower timeframes (1min, 5min, etc) all the way up to a daily chart.

Read 11 tweets

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