12 tweets that will teach you more than a $4,997 trading course:
1) Relative Strength

Watch which stocks are green while the market is red

Institutions are most likely buying those up
2) Less is more

If you disagree with this, you're probably not a profitable trader

Take 1/2 the amount of trades you normally do and see what happens
3) The Market Doesn't Care About Indicators

You really think the funds putting millions of dollars into the market are "buying off a 9 ema"???

Get rid of your indicators

Just watch price and volume
4) Sell Options

Market makers, funds, banks, pretty much everyone other than retail is on the opposite side of your weekly OTM option

Collect premium and make money every week
5) Short Term vs. Long Term

It's easiest to trade opposite sides of the spectrum

If you're looking to take swing trades that take 3 weeks, don't.

Either go small time frame or invest

No Middle Term trades
6) Risk Management > Everything

It doesn't matter if your an emotionless robot with a 90% win rate.

If that one loss you take ends up greater than all the winners, you'll never be profitable
7) Don't Paper Trade

Paper trading should only be used to get comfortable with a trading platform.

Trade with real money, small size so you can feel emotions

Trading with paper will hurt you more than help you
8) Keep Your Job

I trade full-time and I love it.

I also did it after I had a year of consistency and 1.5x my salary in savings.

Don't think you can go full-time after a month of profits

Give it a year.
9) Consistency > Profits

My 5 year old nephew could walk out of the market with profits tomorrow

but he can't everyday

A losing month being consistent teaches more than randomness
10) Withdraw Your Profits

Stop trying to grow $1,000 into $1M

You can grow/compound your account and take out profits at the same time

will keep you disciplined
11) Stop Strategy Hopping

Stick with one concept your good at (support/resistance, balance theory, breakouts, etc.)

If it's not working, develop a stricter criteria/more clearly defined strategy for entries and exits
12) Intuition

Trading for over 5 years, you start to get intuition for when something will happen

It will take time, but once you fully understand how the market really works, you'll get it
Thanks for reading.

Follow me @FT__Trading to learn trading tips from a full-time trader

Or if you don't like me...

At least follow the company I'm building @pheemu_io

If I can't help you, that will👆

Likes + RT's appreciated❤️
@pheemu_io I'm building a program that will build and clearly define a profitable trading strategy tailored to you

Check it out: @pheemu_io

• • •

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

Keep Current with Jordan F┃Stock Trader

Jordan F┃Stock Trader 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 @FT__Trading

May 3
In 2010 Navinder Sarao made $40M from his parents bedroom...

He also was accused of causing a flash crash which wiped out almost $1 Trillion in less than an hour.

Here's how he did it: 🧵 Image
Highly intelligent, Sara was diagnosed with autism in his early years and saw beating the market as "like winning a video game".

His life was similar to that of Jordan Belfort with his crazy trading stories.

So how did he make $40M?👇
He was trading futures contracts on the Chicago Mercantile Index.

His knowledge on high frequency traders led to him creating his own software that would make trades milliseconds before other orders could be executed based on market movements.
Read 10 tweets
May 2
After trading for 5+ years, I've listened to 1,000s of traders and the problems they have

Here's the biggest problem you have and how I will fix it for you👇
If you're anything like me, you've hopped from strategy to strategy only to find that nothing is working

That was my life the first 2 years I got into trading

$15k down the drain and no hope left

That was until I found a mentor who taught me one simple concept:
Trading ONE strategy that is proven to be profitable.

It was at that moment where I had came across trading based of supply/demand.

It was working for a little, until I started losing again.

I was enraged.
Read 13 tweets
Apr 28
SERIES OF A TRADER #2

I took 4 years of knowledge from @PandaOptions life and compiled it into a thread here

Let's dive into the story of Panda!👇
@PandaOptions Panda first got into trading at a young age by his father when he was introduced to a paper trading game on @MarketWatch

Ever since he realized that day trading could lead to financial freedom and working for himself, he was hooked.
@PandaOptions @MarketWatch Knowing that only 10% of traders are successful, he knew it would be a challenge.

His competitiveness from playing sports while he was younger drove him to wanting to be the best trader in the game.
Read 19 tweets
Apr 27
2 YEARS of trading and THOUSANDS of dollars lost...

Only to learn this ONE simple thing that turned me into a $100,000 trader👇
There's 3 things that a trader needs to be profitable, but one of them was the turning point for my trading

1. Strategy
2. Emotions
3. Risk Management

Here's the kicker that made me profitable:
1. Strategy

All 3 of those aspects are important to a trader, but let me explain why having a clearly defined strategy is the most crucial.
Read 15 tweets
Apr 25
I spent 5 years trading EVERYTHING so you don't have to

If I had to start from scratch, here's what I'd trade👇
There are hundreds of different things/ways to trade

- Penny stocks
-Options
-Futures
-Crypto
-Forex
-Day Trading
-Swing Trading
-Scalping

Here's how to tell which one is for you:
The first thing you need to figure out is what style of trading suits you best

Are you someone who is...

-impatient?
-greedy?
-adaptive?
-eager?
-antsy?

You need to figure out who you are as an individual before you pick which route to go in
Read 11 tweets
Apr 21
Balance Theory is LITERALLY how stocks move

It can be used in all types of trading

Here's a breakdown of what it is and how I made close to $2,000 using it👇
Balance Theory is based upon the thesis that stocks are either trading in "balance" or out of "balance"

So what exactly is balance?

Balance can also be considered fair value. A price area where buyers and sellers are both comfortable trading.
You will see a balance area in zones where price is typically choppy.

You should be able to see clear support and resistance areas.

Here's an example on $BA
Read 16 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

Don't want to be a Premium member but still want to support us?

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

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(