TW - The Wealthy Trader Profile picture
Oct 23, 2021 23 tweets 18 min read Read on X
Here’s a 22 tweet thread

A 22 tweet thread of wins from the first week with our new members

Wolves Win. They thrive on knowledge so the next kill is even easier. They work with the pack (community) to accomplish this.

The movement is only beginning. #Wolves are taking over.. Image
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More from @RealJGBanks

May 11
Trading in the Zone by Mark Douglas

Summarized in 20 quotes so you don’t have to read it 🧵

$SPY $SPX $QQQ $NVDA Image
$SPY $SPX $QQQ $NVDA Image
$SPY $SPX $QQQ $NVDA Image
Read 22 tweets
May 4
How to Draw Supply and Demand Zones

After 11 years of trading these are the best and easiest methods to draw and trade Supply and Demand zones

$SPY $SPX $QQQ $NVDA $TSLA Image
Things To Know First 💡

Supply zones are either rally-base-drop or drop-base-drop. You can draw it with the three methods described below 👇
The Conservative Method

In the base structure, the distal line (first line) needs to be placed at the top of the wick and the proximal line (second line) needs to be placed at the lowest body of the base. Image
Read 10 tweets
Apr 20
Trading in the Zone by Mark Douglas

Summarized in 20 quotes so you don’t have to read it 🧵

$SPY $SPX $QQQ $NVDA Image
$SPY $SPX $QQQ $NVDA Image
$SPY $SPX $QQQ $NVDA Image
Read 22 tweets
Apr 13
𝐇𝐨𝐰 𝐓𝐨 𝐁𝐨𝐮𝐧𝐜𝐞 𝐁𝐚𝐜𝐤 𝐀𝐟𝐭𝐞𝐫 𝐚 𝐁𝐢𝐠 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐋𝐨𝐬𝐬

After 11+ years of trading this is the best way to handle trading losses and coming back from them 🧵

$SPY $SPX $QQQ $VIX
A lapse in discipline, or just a sustained bleed-out of trading capital, nearly every trader will face a big loss in their career. How to bounce back after a big loss isn't complex.
What is difficult is repairing the mental damage done, especially the damage to
confidence.
The level of confidence, where you see the market for what it is, step in whenever there's an opportunity, cut your losses when it doesn't turn out, and sit on your hands when conditions aren't right, is the confidence that can be lost after a losing streak.
Read 26 tweets
Apr 6
After trading for 11+ years and experiencing $100,000’s of losses and $1,000,000’s worth of profits

Below is what I wish I would had known to grow a SMALL ACCOUNT🧵
$SPY $QQQ $SPX $VIX
1. Risk Management

Full porting and risking most of my account is what I thought would make me the most money. In the end it lost me the most.

Protection of your capital is key in growing your account.

REMEMBER: No trade and No loss is better than trade and a loss.
2. Expectations

Like most say it’s a marathon not a race. Expecting to get rich quick will get you losing quick.

Using $500 and looking for 20% wins nets $100 a day.

$100 is $25k a year raise while you work your 9-5.

Once you’re ready to can scale. COMPOUND.
Read 12 tweets
Mar 29
💰 TAX BENEFITS FOR TRADERS 💰

The Ultimate Guide On Tax Benefits For Traders

- How can I avoid wash sale rule?

- How can I qualify for Trader Tax Status?

-What Tax benefits do I receive trading as an LLC business

RT and Like to Spread the Education ♥
$SPY $SPX $MSTR $NVDA Image
Working as an independent trader can be a way for individuals to make extra income, or even possibly a full-time living. But like any business venture, the income generated from trading is taxable.
If you are successful as a day trader, it can create significant tax liabilities for you. Individuals that want to participate in the stocks have several options: they can trade as individuals or sole proprietors, qualify for trader status, or trade through a business entity.
Read 16 tweets

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