Alex Profile picture
May 31 7 tweets 2 min read
Here's a thread on how to build a DAILY ROUTINE to create your daily FocusList. 📝

Having the discipline to, each night, prepare for the next day is what separates the pros traders from the rest.

Thread 🧵
First thing is to have a setup playbook.

You have to know that these technical setups have an edge in the market and that over time they will have a positive expectancy.

Mine for reference:
primetrading.substack.com/p/alexs-techni…
There is many technical setups that have an edge in the market.

The important is that you have to find what is working for YOU and you build this playbook that you’ll use and focus on.
FOCUS ON is important here… being a Jack of all trade is not a winning technique as you begin in trading

You want to start with 1 or 2 setups that you’ll really master before adding anything else to your playbook.
Once you know what you’re looking for, you have to build a Focuslist each night (or week if you trade longer term) that includes the names that are near triggering the setups that are in your playbook. 📈
This will be the short list (5-10 names max) that you will focus on once the bell rings at 9:30 (EST).

On that list, you have to define the levels you know that confirms the setup, these will be your actionable pivots on which you'll put an alert.🔔
During the trading day, you wait for the alerts to trig and take action on these only. Not only you focus on strength, but you also remove #FOMO from your trading.

If you liked this thread, please like & retweet! 💟🔁

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More from @PrimeTrading_

Jun 3
Here's a thread on how to SELL INTO STRENGTH & use TREND FOLLOWING as a swing & position trader. 📈

Thread 🧵
I am a firm believer that “Price Targets” are total BS and people that throw numbers around are even more clueless.

You could be amazed at how far they can run a stock up…but you could also be amazed how strong they can crash a stock even if it’s an A+ company.
For that reason, I want to let the stock “trend” until in doesn’t, and then I want to cut it on weakness. Innocent until proven guilty :)

To help me achieve that, I use a moving average system to help me determine when I’m gonna close the position.
Read 8 tweets
May 30
Here's a thread on how to use Progressive Exposure in your trading 🪜

Progressive Exposure (PE) is the a method to progressively commit capital, as you make progress on your open positions, in order to limit your risk of capital loss and smooth your Equity Curve (EC)

Thread 🧵
You want to use those open profits to finance the risk of the next position.

The goal is to protect you’re capital in case you’re positions are going against you & the market rolls over.

Ideal scenario, you lose unrealized gains, but not capital!
Let’s use a basic example,

▪️ Trade #1 (1000$ position) :
Open profit = 2% = 20$

▪️ Trade #2 (1000$ position):
Risk (SL from potential entry) = 5% = 50$ ⚠️
Read 6 tweets
Jan 29
1 YEAR #NewTraderChallenge 🗓️

As every high potential field & job, trading is no different, it takes time and a lot of effort to succeed and achieve elite perfo

I want to introduce a 1 year ROADMAP that could help newer trader in their quest to master the market

💟&🔁

👇
1⃣ Read HTMMIS (Month 1)

- O'Neil book is the bible of investing imo, you need to begin here to build your foundation
- It covers technical & fundamental analysis
- During the read, take A LOT of notes

amazon.com/How-Make-Money…
2⃣ Start paper trading (Month 2)

Start applying the concepts by opening a paper trading account

- Learn how to place a trade
- How the market moves
- Just the overall experience of trading
Read 14 tweets
Jan 2
This thread is about the technical setups I use day in/out to trade the markets📒

1⃣Wedge break (WB)
2⃣Wedge break pullback (WBPB)
3⃣Breakout Retest short (BORS)
4⃣Breakout Retest Long (BORL)
5⃣Breakout 10ema PB (BO10PB)
6⃣Breakout 21ema PB (BO21PB)

That's my playbook 👇
1⃣ Wedge break (WB)
Price forming a orderly pullback contained by a down trend line (DTL)

I buy on the DTL breakout ideally on higher than avrg. volume Image
2⃣ Wedge break pullback (WBPB)
After the WB, you often have a pullback to the kma's (10/21), we then find support and follow through on the upside.

I usually buy on the intraday WB (15min/1 hour) Image
Read 8 tweets

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