Tradewriter Profile picture
Sep 24, 2022 9 tweets 3 min read Read on X
HISTORICAL THREAD🧵 $SPY $QQQ $DJIA

There's been comparisons of this #stockmarketcrash
with that of 2008

People have been saying that 2022 is not 2008

They're not wrong, but let me give you a challenge
These are all weekly charts of the Dow Jones, so they're all significant bear markets and crashes. Can you tell me what year this occurred? Image
This one? Image
What about this? Image
This? Image
This one? Image
And this? Image
None of them are the Great Depression. In order, the crashes are in 1917, 1903, 1966, 1937 and 1907

The last one is 2008. Were you able to tell which year was which? Probably not.

The markets are a reflection of human nature and they tend to move in similar patterns over time
When fear steps into the picture, it doesn't matter what year it is or what's going on in the world

What we need to look at is how the market is reacting to it and how we can take advantage

When a stampede is coming your way, it doesn't matter if a lion scared them or a mouse

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More from @Tradewrite

Dec 12, 2023
Can't get a grasp on the market?

Forget everything you thought you knew about price action,

Here's how to read price action correctly (& what NOT to do):
1) Realize they're all the same

Whether you trade candlesticks, DOM, indicators, options flow, etc, they're all the same.

One does not have an advantage over the other. There's no secret information.

Don't chase, focus on one. The advantage lies in the trader.
2) Gain intuition🧠

Every candle tells a story - to read it, you must become "fluent"

Look at *every* candlestick and note:

1. Where they opened and closed
2. How they reacted to previous support/resistance levels
3. How they compare to the candlesticks before and after them Image
Read 10 tweets
Feb 5, 2023
“99% of traders will fail.”

We’ve all seen this statistic so many times

But how true is it?

If you feel discouraged, here’s something you need to know👇
In 2019, a study in Brazil found that over 300 days, 97% of day traders lost money

Only 1.1% earned more than Brazilian minimum wage

The study concluded it was virtually impossible to make money day trading bnnbloomberg.ca/day-traders-in…
Doesn’t sound too good, does it? 😬

Here’s something to consider:
Any adult is eligible to trade

You don’t need any prior qualifications or experience

You can open an account on Robinhood in a few minutes
Read 11 tweets
Jan 25, 2023
How to know if you’re actually profitable💰

(In a clean and simple way)

Many traders will never make money trading because they don’t understand this concept👇
The markets are unpredictable and chaotic

The only (serious) way to profit is to trade like a casino 🎰

Casinos always win in the end because they have an edge Image
If casinos had no edge, they’d eventually go bankrupt

Notice the similarities with trading?

Find out if you’re a bankrupt casino or a winning one👇
Read 13 tweets
Nov 21, 2022
One of the world’s greatest conquerors had a secret.

It allowed him to be far ahead of his enemies at all times

Here’s the mindset that allowed Napoleon to become ultra-successful

And how it can help you become a more competent trader and person👇🧵 Image
“Different subjects and different affairs are arranged in my head as in a cupboard

When I wish to interrupt one train of thought, I shut that drawer and open another.

Do I wish to sleep? I simply close all the drawers, and there I am -- asleep.”

-Napoleon Bonaparte
People around him were stunned.

While campaigning,

One minute he’d be planning for battle

The next minute he’d be writing new regulations

The one after that he’d be mediating a dispute in Paris hundreds of miles away
Read 15 tweets
Sep 30, 2022
Sep-30-2022 analysis 🔍 $SPY $SPX #SP500

Price pushed lower then rallied to 3670 area at end of day

Action is hard to read here.. is it forming a rounding bottom and moving higher? Expanding range and moving lower?

Imo a proper breakout is needed Image
So far we've had fake-outs on both sides, but eventually one will break
The bottom in June was more ordered and short-lived Image
Read 4 tweets

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