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

Feb 6
I almost quit trading permanently.

No matter how much time I put in, I'd always blow up the *second* I let my emotions slip.

It felt pointless, until I made ONE change that stopped the blowups and practically guaranteed a consistent profit.

Here’s what I did:
🧵
The problem with trading is that we have too much freedom.

We can trade anything, anytime, any way we want.

Sounds great, but it’s actually the worst thing for our success.
At trading firms, you’re given strict rules on how and when to trade.

Not to hold you back—but to keep you from failing.

Too much freedom dramatically increases the risk of a catastrophic mistake.
Read 16 tweets
Feb 4
Predicting the next move is hard. Catching trapped traders is easy.

Failed breakdowns on ES and NQ trigger explosive reversals—if you know what to look for.

Here's how to catch them before they rip:
🧵
ES and NQ always trend up over time.

Unlike most markets, where the direction is uncertain, dips will always recover here.

The failed breakdown takes advantage of this, and it happens often.

Here’s how to trade it in 3 steps:
1) Identify the breakdown

The market will drop sharply, often right at the open.

This creates a supply gap (important for later)

Early bulls get shaken out, while sellers rush to take shorts.
Read 11 tweets
Feb 2
Profitable trading becomes stupid simple with the volume profile

But everyone does it WRONG and overcomplicates it

Here’s how to use it the *right* way & stack consistent profit:
🧵 Image
Volume Profile shows you how much volume was traded at each price level

To use it correctly, focus on two key areas:

High Volume Nodes (HVNs) – areas with heavy trading activity.

Low Volume Nodes (LVNs) – areas with minimal activity, where price moves fast.Image
Image
Wicks often end at LVNs because there’s no real buyer/seller interest

Price rejects, reverses, and moves quickly back to HVNs—where real trading happens

HVNs are the market’s backbone.
Master them, and you’ll never trade blind again.
Read 11 tweets
Jan 28
Funded accounts are the #1 way to turn a small amount into professional-level income.

But 99% of traders fall into the TRAP of making prop firm owners rich instead of themselves

Here’s the foolproof way to turn your eval fee into thousands, month after month:
It’s well-known that most traders will never see a dime of profit from prop firms.

Trying to reach payout while following all their rules takes a lot of people out of the game.

But there’s a way to keep your expenses low and actually start cranking payouts:
1) Stop buying evals

Evals are your only expense.

Just like you manage risk in trading, manage risk with eval fees.

We overlook how much we spend when we feel like we’re about to get funded.

Protect your downside FIRST.
Read 14 tweets
Jan 24
Ignore 90%+ of market action

And $10k/mo becomes easy-mode for even the most average trader

Why?

Because overtrading is the fastest way to ruin a win streak

Here’s how you stop it for good (with a bulletproof system):
🧵
Most of the market is just noise - there’s no real edge

You can try to trade all of it and come out profitable, but it’ll involve a lot of back-and-forth and mental exhaustion.

The key to lasting in this game is preserving your psychology and staying consistent.
The mark of a great trader is watching price action they could’ve profited from and not feel the urge to chase it.

But how do you separate the noise from the setups worth trading?

It all comes down to this:
Read 16 tweets
Jan 22
Becoming profitable took me 4 years and a heavy 5-figure loss.

If I knew what I know now, I would’ve done it in 6 months.

Here’s the shortcut I wish I had from day one:
🧵
It doesn’t matter how skilled you are or how well you can read the market.

Traders like that are everywhere—and most burn out quickly.

The most long-lasting traders are those who can consistently follow a set of rules.

Here are the rules that finally made me profitable:
1) Only take 1-2 trades a day.

The longer you’re exposed to the market, the more likely you are to make bad & impulsive decisions.

Which in turn leads to more emotion, and worse decisions. Quick downward spiral.

Limit yourself to 1-2 quality setups a day.
Read 15 tweets

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