Post

More from @Tradewrite

Tradewriter

@Tradewrite

Dec 18

The daily chart is the most powerful timeframe.

But 99% of traders use it wrong or ignore it entirely.

That ONE candle contains the entire day’s range

If you can read it right, you can predict the market with astonishing accuracy.
Here's how to master the daily chart:
🧵

Trying to predict the market over weeks or months is a fool’s game.

Too many factors, too many variables—and it’s not practical for trading.

But predicting the next candle?
That’s much simpler and incredibly useful.

Since the day's range is captured in one candle,

You can get a clear idea of where it’s likely to go using basic price action

Only two key factors to consider:

1. Will it be low-volatility or high-volatility?
2. Will it be a trend day or a mean reversion day?

Read 14 tweets

Tradewriter

@Tradewrite

Dec 16

I lost $85,000 over 4 years before finally becoming profitable.

But you don’t need to repeat my mistakes.

If I had to start over, here’s exactly what I’d do to become profitable as soon as possible:
🧵

I burned a lot of money before getting where I am now.

I realized it isn't about how “skilled” you are,

It’s about how long you can consistently follow a set of rules.

These are the rules that made me profitable:

1) Only take 1-2 trades a day

Your mental energy is finite, and it drains with every decision you make.

Overtrading leads to poor decisions, frustration, and tilt.

Limit yourself to 1-2 quality setups.

Read 13 tweets

Tradewriter

@Tradewrite

Dec 14

I used to trade all day, every day—it wrecked my health and my PnL.

Trading 12 hours a day doesn’t make you more profitable, it just burns you out.

Now I trade just 1-2 hours a day and *actually* make money.

Here’s how I did it:
🧵

In most businesses, the more work you do, the more money you make.

In trading, the more you trade, the less money you make.

Overtrading drains your time, energy, and money.

We want to reduce the trades, reduce the time, and increase the profit.

This is how:

1) Be semi-busy

Staring at a chart for too long will lead to boredom trades and overtrading roughly 100% of the time.

The key is to MINIMIZE the time your eyes spend glued to the screen.

Quality of screen time > quantity of screen time

Read 12 tweets

Tradewriter

@Tradewrite

Dec 10

Ever exit a trade, and then price takes off without you?

You’re left questioning your strategy, your timing & your skill

But it doesn’t have to be this way.

Here’s how to know EXACTLY when to exit your trades for maximum profit:

Exits are WAY more important than entries.

Your entry timing might turn a 2:1 trade into a 2.5:1 trade.

But your exit timing is the difference between a big win, a breakeven, or a loss.

Mastering your exit strategy is absolutely critical.

First, we need to understand how the market moves.

The market doesn’t move 'randomly'

It might look that way to the untrained eye, but here’s what’s really happening:

Read 8 tweets

Tradewriter

@Tradewrite

Dec 8

Most traders aren’t actually *bad* at trading

But overtrading eats all their profit and ruins the compounding that creates true wealth.

Here’s how to break free from the overtrading trap and finally watch your gains take off:
🧵

When you look at the career of any successful trader, it’s years of losses and stagnation, followed by explosive growth.

Much like an undervalued stock.

Early periods require immense discipline, but once you push through, the gains come faster and larger than you’d expect.

But overtrading resets that early progress, killing your momentum and trapping you in a cycle of stagnation

Trading purgatory.

This is the way you break free from that trap for good:

Read 15 tweets

Tradewriter

@Tradewrite

Dec 5

The secret to unlocking insane profitability is mastering the higher timeframe.

It trickles down into lower timeframes, your execution, and eventually your PnL.

Here’s how to read the higher timeframe and predict the market's direction with unmatched precision:
🧵

Understanding the higher timeframe is the most overlooked—but most crucial—aspect of trading.

Get the higher timeframe direction right, and trading the lower timeframe becomes effortless.

Ignore the higher timeframe, and it's easy to blow up trading against it.

We should analyze the higher timeframe just like we do with the lower timeframe.

That means using a level-to-level approach.

Traders make the mistake of trying to predict the next five legs

Ignore that - focus on whether price will move to the next support or resistance.

Read 12 tweets

Share this page!

Enter URL or ID to Unroll

Tradewriter

Try unrolling a thread yourself!

More from @Tradewrite

Tradewriter

Tradewriter

Tradewriter

Tradewriter

Tradewriter

Tradewriter

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?

Send Email!