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

Aug 19
The cleanest money I make is from ONE setup:

A breakout that prints $1–3k within minutes almost every day.

But 95% of traders botch it.

Here’s how to nail it every single time:
🧵 Image
Breakouts have built entire trading careers

But if not traded correctly, you’ll catch tons of fake breakouts and grind breakeven (at best)

This is how you skip the traps, and catch the real ones:
How would you trade this?

We see a few attempted breakouts on both sides

If you tried trading any of these breakouts, you’d be deep in the red. Image
Read 11 tweets
Aug 18
Scaling is the only way to take trading from “side income” to life-changing wealth

But most traders are stuck recycling the same few thousand dollars & never take off

Here’s the foolproof way to scale until your account goes parabolic:
🧵
Two traders start trading on the same day.

Same account size, same skill level.

5 years later:

Trader A: multiple 5-figures every month
Trader B: same results as day 1

Why the massive gap?
The difference boils down to this:

Trader A simply put himself in a position to scale his account… and he did.

Trader B never did, so he never grew.
Read 13 tweets
Aug 5
Hitting $10k/mo only takes one setup you can execute without thinking

Don't need anything else to be profitable

Trading everything got me stuck in breakeven jail for months

Until I discovered this ONE setup & easily cracked 5-figures/mo

Here's how to trade the cloud flip:
🧵
First, we need to set up the cloud indicator on Tradingview

1. In the indicators tab, type “ema cloud” and select the 2nd option
2.  Go to the EMA cloud’s settings and change the values to 20, 50, 50 Image
Image
Second, ONLY trade it at supply/demand levels

Cloud flips happen often, but most of them are garbage

We only care about flips that occur inside institutional price zones

No level = no trade.
Read 10 tweets
Aug 2
All A+ setups this week - using LCE model:
$ES $SPX
For a proper A+ setup, all factors need to align:

- Lower timeframe (ltf) cloud
- Higher timeframe (htf) cloud
- Market structure
- Price action

Once we get the right direction, we use LCE (level, confirmation, execution) to enter
Jul 29 - Tuesday

Quick LCE short setup:

- ltf cloud bearish
- htf cloud neutral (but starting to turn bearish)
- heavy overhead market structureImage
Read 8 tweets
Aug 1
If someone claims to have a 75%+ win rate,

Chances are it’s either bs or they’re risking $100 to make $20

But there’s a legit way to push your win rate past 75%+ and still keep a high R/R

Here’s how to become ridiculously profitable - the real way:
🧵
I logged hundreds of trades before admitting that my win rate was consistently bad.

Some hit, most didn’t, and I had no idea why.

I blamed the market, the timing, price action, etc.
I kept tweaking entries & forcing “meh” trades

But my win rate got worse…

Then I discovered something called directional confluence

When every timeframe says the same thing, your odds go vertical.

This is how it works:
Read 11 tweets
Jul 29
The fastest way to blow an account is fading a trend that isn’t done.

I used to beg for reversals… and get steamrolled

Then I realized the REAL money is in traps & continuation

Here’s how to trade the right side of every move and watch your account go vertical:
🧵
Back then, I’d see a massive run and assume it was “overextended”

I’d short the top… and watch price rip higher

Or I’d long a “breakout” and get dumped on

But I was just reacting emotionally & trying to be right.
Here’s what I do now:

If the market is trending, trade that way until it says otherwise.

And if it *is* reversing, the signal must be undeniable.

That’s where LCE comes in:
Read 12 tweets

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