I dont trade stocks I trade setups. I dont look at the scanners & think "which stocks are moving.? oh this one is interesting. let's see how i can trade it". No, i look for predictable, objective setups ive studied over the yrs, THEN i look for stocks that fall within that setup.
https://twitter.com/raptorx409/status/1405980139058515981
Quaterbacks 🏈 dont jump into a game & say "let's see what happens".
No, they study the opponent BEFORE the game.
they practice predetermined routes & formations BEFORE the game.
then when the game starts, they look at the defense (setup) & execute routes based on that.
No, they study the opponent BEFORE the game.
they practice predetermined routes & formations BEFORE the game.
then when the game starts, they look at the defense (setup) & execute routes based on that.
"oh the defense is doing a cover 2 (setup), ok we hav route combinations for this. Oh theyre using a nickle defense formation, got it, we hav route combinations for that etc".
THAT'S how i approach trading. "oh this is setup XYZ, got it, i kno the execution rules for that setup"
THAT'S how i approach trading. "oh this is setup XYZ, got it, i kno the execution rules for that setup"
if u dont understand the difference between trading stocks & trading setups, u'll see many of my DEAD-ON calls on stuff like $AMC & think "he must have some intuitive/predictive gift". BULLSHIT. i cant predict a damn thing. i can only predict how a SPECIFIC setup should play out
Thats why i hate questions like "what do u think stock X is gonna do next week ". i dont fucking know nor care. But once it starts to meet the criteria of a specific setup ive mastered, NOW im interested. NOW im ready to risk 💵. NOW im ready to choose violence
#BearTipOfTheDay
#BearTipOfTheDay
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