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
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
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
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
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
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
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
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.
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
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
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
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
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❤️
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
Check it out: @pheemu_io
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