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More from @RealJGBanks

TW - The Wealthy Trader

@RealJGBanks

Nov 23

𝐇𝐎𝐖 𝐓𝐎 𝐂𝐇𝐀𝐍𝐆𝐄 𝐘𝐎𝐔𝐑 𝐓𝐑𝐀𝐃𝐈𝐍𝐆 𝐈𝐍 𝟔 𝐌𝐎𝐍𝐓𝐇𝐒

Here’s how to go from losing $100’s and $1,000’s to becoming a profitable trader in 6 months

🧵👇

$SPY $SPX $QQQ

FOCUSED ON ONE SETUP

- Focus on one setup and master it

- Trading is about being patient and executing

- No setup no trade and stick to that

- My favorites are Breakout to the upside when market is trending up and Breakout to the downside when it’s trending down

JOURNAL YOUR TRADES

- Journal your entries and exits

- Emotions before during and after trades

- What I saw in the trade and why I took it

- Did I win/lose the trade and was it my fault or normal market loss

Review, Fix and apply to next trade and Repeat

Read 8 tweets

TW - The Wealthy Trader

@RealJGBanks

Nov 16

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 have known to make money trading to quit my job 🧵
$SPY $QQQ $SPX

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

TW - The Wealthy Trader

@RealJGBanks

Oct 19

I went from losing money day trading to making $1,000’s a day.

What helped me become profitable is understanding 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐆𝐫𝐚𝐛𝐬, and 𝐏𝐫𝐢𝐜𝐞 𝐀𝐜𝐭𝐢𝐨𝐧 to enter and exit trades

Here is the strategy I use on how to find and read them 👇

$SPY $SPX $QQQ $TSLA

1. 𝗜𝗗𝗘𝗡𝗧𝗜𝗙𝗬𝗜𝗡𝗚 𝗠𝗔𝗥𝗞𝗘𝗧 𝗦𝗧𝗥𝗨𝗖𝗧𝗨𝗥𝗘𝗦/𝗧𝗥𝗘𝗡𝗗𝗦

Uptrends - Are identified by Higher highs and higher lows

Downtrends - Are identified by Lower high and Lower lows

Sideways - Is identified by the lows and highs almost if not equal forming a box

2. 𝗧𝗜𝗠𝗘 𝗙𝗥𝗔𝗠𝗘𝗦 𝗧𝗢 𝗨𝗦𝗘

MACRO TRENDS

- DAILY WEEKLY MONTHLY

MICRO TRENDS

- 4HR 1HR 30Min 15Min 5Min

Micro trends will help you identify a intraday trend for good entries and exits

Macro trends will help you identify the overall trend to keep you in the trade

Read 10 tweets

TW - The Wealthy Trader

@RealJGBanks

Oct 3

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 $TSLA

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.

Read 10 tweets