This is my GUIDE in the markets, psychology is everything to me! It guides me in my STRATEGY, my RULES, and most importantly in my WHY!
ITS MY ENTIRE PLAN 📝🎯
Nuff said
LETS GO!!! 🐍 🧠
FIRST AND FOREMOST
(Disclaimer)
This thread is for educational and entertainment purposes only, and not financial advice. I am not a financial advisor. Trade your plan!
Got it? Alright now let’s fucking go!
WHAT IS TRADER PSYCHOLOGY?
As I said, it is everything! But simply put, it is the psychological aspects that guide everyone’s decision making in the markets, from chasing, to panic selling, buying the top to buying the dip, and especially, BAGHOLDING! It is 99% of trading!!
Here’s a breakdown of how I personally execute a trade from start to finish.
I get a ton of questions about this topic, so this thread should help!
It’s late on a Saturday night, so let’s get to it!
(Disclaimer)
This thread is for educational and entertainment purposes only, I am not a financial advisor, and this is not a recommendation to buy or sell a security. So don’t ask me if you should get in a trade, that’s your call 😉
ENTERING A TRIGGER PLAY
This thread is gonna be simple and to the point. I’ve had 2 great people who have taught me a simple and effective way to get into an options trade and ride the momentum in my favor. I have crafted that strategy to work for me. So do the same for you!
For my S/R trigger gang, this one will be a treat! For non options peeps, I got threads from a few other homies for y’all, just hit me up!
With that being said, LETS GET IT!!
First and foremost (ahem) this thread is for educational and entertainment purposes only! I am not a financial advisor, I am a clown who drives a truck. Don’t believe me? (See gif)
Alright I think the SEC is off my trail.
Ok guys, how to make a watchlist. To explain this as simple as possible, I am going to breakdown my strat for building a weekly watchlist for options. I am primarily a breakout trader, learning to scalp, and the strat will reflect that.
As I said earlier, this weekends thread is going to be a little thin, I am focusing on going back to the basics and keeping it simple.
LETS GET IT!
$JNJ (Weekly, Daily, 1hr)
-Nasty rejection and ugly close on the weekly
-Inside day on the daily with again, an UGLY close
-Holding support for dear life, and a nice vol gap below. If this breaksdown, we could see a $DIS esque move on this one.
In Conclusion: Bearish AF 🐻
$ORCL (Daily, 1hr)
-Weekly candle closed below last weeks close, makes me cautious.
-Inside day today, with a close between the 1hr S/R range.
-2 nasty upper wicks (Daily) at resistance tests. coming back down to retest support.