Thread by @ThePupOfWallSt

I reached out to 12 of my favorite traders and asked them:

What is the one thing you would change about your approach to trading when you first started out?

Here are their answers 🧵👇

1. Brian Shannon, CMT

"I really wouldn't change much. There are things I wish I knew but I tend to learn best the hard way and all my greatest lessons are from taking losses and market experience."

@alphatrends

@alphatrends 2. Chris Perruna

"Having more patience with my high conviction ideas, as they start to work out.

Too many times I sold for a nice gain, only to see the stock go on to double my original profit.

Let winners run until they give you a real reason to sell."

@cperruna

@alphatrends @cperruna 3. Andrew O'Connell, CFA, FRM

"I would focus less on why a stock is moving and on trying to predict what it will do next, & focus more on what the stock is doing and how I will react to different price scenarios."

@realpristinecap

@alphatrends @cperruna @realpristinecap 4. Ben Bennett

"I would bet smaller and zoom out. I'd also sell more option premium vs aggressively betting directionally."

@PatternProfits

@alphatrends @cperruna @realpristinecap @PatternProfits 5. Dan Ushman @trendspider CEO

"When I started out and was wrong, I'd average down a lot & end up taking bigger losses. But when I was right, I wouldn't add to my position & average up. Those are still two areas where I sometimes struggle, especially the 2nd part."

@danushman

@alphatrends @cperruna @realpristinecap @PatternProfits @TrendSpider @danushman 6. options mafia not a guru

"PAYtience, without it a trader is doomed"

@optionsmafia1

@alphatrends @cperruna @realpristinecap @PatternProfits @TrendSpider @danushman @optionsmafia1 7. BlueMoonTrades (BMT)

"As a beginner, kick off your journey by being excited about the process to make money.

Learn.

If you start with the wrong intent, it yields unfavorable results."

@BlueMoonTrades

@alphatrends @cperruna @realpristinecap @PatternProfits @TrendSpider @danushman @optionsmafia1 @BlueMoonTrades 8. Sara Strat Sniper

"When I first started, I never had an Exit plan or a target. So learning where to take profit."

@TradeSniperSara

@alphatrends @cperruna @realpristinecap @PatternProfits @TrendSpider @danushman @optionsmafia1 @BlueMoonTrades @TradeSniperSara 9. Gregory Krupinski

"Stop trying to spot reversals on every chart. You (talking to my younger self) are not good at it. Stick to trading with the longer and medium-term trend! Trends trend."

@G_krupins

@alphatrends @cperruna @realpristinecap @PatternProfits @TrendSpider @danushman @optionsmafia1 @BlueMoonTrades @TradeSniperSara @G_krupins 10. Jake Wujastyk

"Just because there's always a trade in the market doesn’t mean that trade is the best for your style. Know your edge and wait until it presents itself.”

@Jake__Wujastyk

@alphatrends @cperruna @realpristinecap @PatternProfits @TrendSpider @danushman @optionsmafia1 @BlueMoonTrades @TradeSniperSara @G_krupins @Jake__Wujastyk 11. Richard Moglen

"The number one thing I would change would be more focus. Focus on the leaders & focus only on the best ideas/setups in the market."

Cont...

@alphatrends @cperruna @realpristinecap @PatternProfits @TrendSpider @danushman @optionsmafia1 @BlueMoonTrades @TradeSniperSara @G_krupins @Jake__Wujastyk 11B. Richard Moglen

"When I started to only trade based on a daily focus list of < 5 names my execution, market awareness, and risk management significantly improved"

@RichardMoglen

@alphatrends @cperruna @realpristinecap @PatternProfits @TrendSpider @danushman @optionsmafia1 @BlueMoonTrades @TradeSniperSara @G_krupins @Jake__Wujastyk @RichardMoglen 12. Matt

"Learn to be comfortable with being uncomfortable with the pressure and challenges of being in a new environment. If you can't cope with the discomfort you can't cope with a losing trade."

@TradersParadise

@alphatrends @cperruna @realpristinecap @PatternProfits @TrendSpider @danushman @optionsmafia1 @BlueMoonTrades @TradeSniperSara @G_krupins @Jake__Wujastyk @RichardMoglen @TradersParadise Many thanks to the traders who graciously spent their time answering my question. If you like this thread, make sure to go and follow each of these traders.

If you want to see more threads like this, go back to the original thread and retweet this.

@alphatrends @cperruna @realpristinecap @PatternProfits @TrendSpider @danushman @optionsmafia1 @BlueMoonTrades @TradeSniperSara @G_krupins @Jake__Wujastyk @RichardMoglen @TradersParadise You've made it to the end. 👏

Enjoyed this thread?

❤️ Please like each post
🔄 ReTweet the first post so more people can read the entire thread
💭 Leave a comment
✍🏼 Sign up for my newsletters below

@alphatrends @cperruna @realpristinecap @PatternProfits @TrendSpider @danushman @optionsmafia1 @BlueMoonTrades @TradeSniperSara @G_krupins @Jake__Wujastyk @RichardMoglen @TradersParadise ✍🏼 Personal Writing: bit.ly/3FEqVKW
📈 Stock Market Updates: bit.ly/3DlZOCc

I'm Danny Naz. I write, I travel, I tweet and I eat. And I'm hungry for more.

#PupThread

@alphatrends @cperruna @realpristinecap @PatternProfits @TrendSpider @danushman @optionsmafia1 @BlueMoonTrades @TradeSniperSara @G_krupins @Jake__Wujastyk @RichardMoglen @TradersParadise This is thread 4/30 for the @ship30for30 writing course.

If you've thought about joining a writing community, consider joining us in March.

Start writing online in 30 days #Ship30for30

bit.ly/3JT8IeF

If you enjoyed this thread and think someone you know may benefit from it, please retweet the original tweet.

Many thanks for your support!

https://twitter.com/ThePupOfWallSt/status/1481060886840283136?s=20