10 avoidable mistakes when trading

🧵👇
1/ Moving from system to system

Try one out for a while, see if it grows on you. Taking a few trades with a new system will tell you nothing. You need data to crunch.
2/ Where to ell

Traders that take a trade without a plan that includes where to sell are setting themselves up for failure.

Without a plan, you will rely on emotions and that only leads to the dark side... of trading.
3/ Profit is the goal

Every trader wants to make money and be profitable, but that shouldn't be your goal. Your primary focus should be building your trading habits and refining your system.

Trust your system and have confidence in your setups.
4/ Counter-Trend Trading

I talk about this all the time. The trend is your friend until the bend in the end.

If the trend is up, trade to the upside.

If the trend is down, trade to the downside.

Pretty simple.
5/ Poor Trading Psychology

You must have the right mindset when trading. If you doubt yourself, you will fail and lose money.

The greatest athletes in the world all self-talk. They go through their routines mentally before actually doing their task.

Trading is no different.
I have 5 more, let's get this thread to 250 likes and 50 retweets and I will release the rest tomorrow.

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More from @ThePupOfWallSt

5 Dec
Here are some ways to screen for stocks.

I use @TrendSpider but if you don't have a screener in your trading software, you can use FinViz for free.

#PupThread

🧵👇 Image
@TrendSpider 1/ Why screen for stocks?

This is one of the best ways to catch a stock before it's about to move. Having a repeatable screen that you use is a defined edge in trading.
@TrendSpider 2/ When looking for stocks, the goal is to find those true market leaders right before or right as they are about to move.

Let's take a look at some ideas to screen for below 👇
Read 11 tweets
4 Dec
CAN SLIM was developed by Investor's Business Daily founder William O'Neil.

Current Earnings
Annual Earnings
New Product
Supply & Demand
Leader or Laggard
Institutional Sponsorship
Market Direction

🧵👇 #PupThread
1/ Key Takeaways

- The CANSLIM method looks for stocks with high growth potential.
- Must meet the 7 CANSLIM criteria
- Buy stocks in bases and attempts to cut losses short and let profits run
- Buy stocks before large institutional buying
2/ Here are some rules from William O'Neil

- Don't buy cheap stocks. Avoid stocks under $15
- Respect the CANSLIM rules
- Leave your ego at the door, the market doesn't care
- Don't buy bottoms or average down
- Cut losses at 7-8%
- Have specific sell rules
Read 7 tweets
3 Dec
💡Today in the news, charts & everything stock market-related.

🔔 Make sure to like this post & hit the notification bell to get real-time updates.

🔍 Never miss a breaking news or trade idea again!

📰 Don't forget to join my newsletter bit.ly/3DtxBd7

🎁👇❤️🐶
Top moving sectors this morning Image
Top moving swing ideas for this week

$Z $ULTA $SFIX $BITF $GLBE $RKLB Image
Read 26 tweets
1 Dec
💡 Today in the news, charts & everything stock market-related.

🔔 Make sure to like this post & hit the notification bell to get real-time updates.

🔍 Never miss a breaking news or trade idea again!

📰 Don't forget to join my newsletter bit.ly/3DtxBd7

👇🧵❤️🐶
$ZS Canaccord Genuity Maintains Buy on Zscaler, Raises Price Target to $400

$CRM Salesforce Q3 Adj. EPS $1.27 Beats $0.92 Estimate, Sales $6.86B Beat $6.80B Estimate

$AMBA Craig-Hallum Maintains Buy on Ambarella, Raises Price Target to $250
$MU $UMC Micron, United Microelectronics Report Expansion Of Relationship to Strengthen Customer Supply Chains

$LUV MKM Partners Maintains Buy on Southwest Airlines, Lowers Price Target to $56
Read 20 tweets
30 Nov
💡 Today in the news, charts & everything stock market-related.

🔔 Make sure to like this post & hit the notification bell to get real-time updates.

🔍 Never miss a breaking news or trade idea again!

📰 Don't forget to join my newsletter bit.ly/3DtxBd7

👇🧵❤️🐶
$COIN Coinbase To Acquire Cryptographic Security Company Unbound Security; Says Will Establish A Tech Center In Israel; Terms Not Disclosed
$RKT Morgan Stanley Maintains Equal-Weight on Rocket Companies, Lowers Price Target to $15
Read 29 tweets
29 Nov
💡 Today in the news, charts & everything stock market-related.

🔔 Make sure to like this post & hit the notification bell to get real-time updates.

🔍 Never miss a breaking news or trade idea again!

📰 Don't forget to join my newsletter bit.ly/3DtxBd7

👇🧵❤️🐶
$PFE Morgan Stanley Maintains Equal-Weight on Pfizer, Raises Price Target to $60
$ZS RBC Capital Maintains Outperform on Zscaler, Raises Price Target to $380

$SNOW BTIG Maintains Buy on Snowflake, Raises Price Target to $421
Read 45 tweets

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