#tradingtips #goldenrule You don't need to win 90% of time to succeed. You can win 40-50% of time and still be at a top and make $$$ and succeed.Key is to have winners many times bigger than losers. And to do that we need discipline and Rules. Keep #winnersbigloserssmall 1/3
#tradingtips #goldenrules Letting winners run rule is another way of saying to keep winners bigger than losers.We as emotional biengs are impatient with our winners and patient with our losers,to succeed be patient with winners and impatient with losers. 2/3
#tradingtips #goldenrules Many a times we find rself going no where and portfolios going lower even when we have a winning strategy and we have so many winners; because , when we lose we wipe our last few winners.Conquering your mind is the final step after u master a system 3/3
beings*

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Ripster

Ripster Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ripster47

18 Aug
#tradingtips #entry #riskreward 1/5
If price is extended from ema or makes New Highs and you slap the ask, you already skew your risk reward (in case of short you slap bid at new lows)
You have to let entry come to you for best risk reward, find pullback in the trend!
#tradingtips #entry #riskreward 2/5
When you chase, you are one providing liquidity to someone who is going to exit at that price, so you will be immediately down or negative in your position.
Even though our mind is wired to give us FOMO and we click the market buy..its wrong
#tradingtips #entry #riskreward 3/5
rather than skewing your risk reward chasing 5 plays....wait for a pullback in trend on 1 play and have size with conviction with clear support/risk off level...same if shorting...wait for resistance level bounce
Read 5 tweets
22 Feb
#tradingtips #riskreward #scaleinscaleout 1/4
So a conviction play that you are swinging you can also trade around the core. Core being you size that you never touch.
Risk Reward is based on timeframe you are trading.
If you looking for swing, it is off 1 day/1week charts
#tradingtips #riskreward #scaleinscaleout 2/4
or 1 Hr charts..

For overnights/or intraday 10 min / 1hr can be used.

Risk is always support/trendline/ema etc stop level. Reward is based on timeframe you are trading.
#tradintips #riskreward #scalein #scaleout 3/4
Example
Trading 1K shares of $DMTK
73->82, Scale out 200 shares there, another 200 at 87
If it crashes back to 70 add back 400 shares , u still had 600 core, back to 1k position, goes 83 sell 300 scale out, 300 at 87 and then so on
Read 4 tweets
25 Jul 20
#tradingtips #tradingrules
1. Be Disciplined
#tradingtips #tradingrules
Quit Bad Habits
#tradingtips #tradingrules
Lower Size if doing poorly
Read 25 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(