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.
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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!
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
💟&🔁
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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