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

Sep 2
Price action is a beautiful scam

It looks clean. Feels logical.

But in reality, it's a trap, built to keep you losing money.

Here's how I escaped price action hell and now EASILY make $10k+/mo without it:
🧵
Without exaggeration, trying to trade price action is the #1 traders fail

It's that bad.

The reason it's so deadly is because it's baked into nearly every strategy

We've all been told "price action is king" and that if you just read candles the right way, you'll be profitable
But if you look at the overall trader success rate (<5%),

It's clear this approach doesn't work.

Some might say "skill issue" and that they simply aren't good at reading price action

But this isn't true.
Read 18 tweets
Sep 1
Volume profile is the closest thing in trading to a broken slot machine.

But 97% of traders use it wrong or overcomplicate it

Here's how to trade it the right way (and make it insanely profitable): Image
Volume Profile shows you how much volume was traded at each price.

The two zones that matter:

High Volume Nodes (HVNs) = high volume levels where price gets stuck, chops, consolidates

Low Volume Nodes (LVNs) = low volume levels where price rips clean and fast Image
Image
Ever notice how price randomly wicks off certain levels then snaps back?

It’s not random.

Those are LVNs - areas with no buyer/seller interest

Price gets rejected instantly and snaps back to HVNs

Once you see this, the chart stops looking random… and starts making sense
Read 10 tweets
Aug 30
Catching the TREND early is the fastest path to $1k days

Yet 98% of traders miss it because they overthink every move.

But the cloud bounce makes it ridiculously simple

Here's how to front run the trend before it takes off: Image
Trading what you think will happen is a losing game.

The market is built to exploit your bias and trap you.

That’s why the only edge is trading what’s actually there.
Every move starts the same way:

Price hits a supply/demand zone

Buyers and sellers balance… until one side takes control

That imbalance is the trend, and it lasts until the other side finally steps in. Image
Read 15 tweets
Aug 29
A+ setups will be the majority of your PnL.

But most traders miss them without even knowing it.

I kept wondering why my best trades turned red…

Until I discovered the 4 key factors every setup needs to actually work.

Here’s how to finally nail them and get paid:
Most traders look for reasons to enter a trade.

But that’s backwards.

The real question is:
“Why wouldn’t the market move the other way?”

You’ll never know the exact move
But you don’t need to
If you get the direction right, you’ll get paid no matter how messy the path looks.

Direction starts as a 50/50 guess.

Stack just a slight edge above that… and your PnL will explode.

Here are the 4 factors I use to tilt the odds:
Read 13 tweets
Aug 25
I used to beg the market for just $1000 a month profit

Now I easily make that in a day

And the secret to it is embarrassingly simple...

Steal this no bs guide if you want to grow from $0 to $1k/day:
🧵
The market doesn’t care how hard you work.

You can have the best win rate, clean charts, discipline, etc.

But if you’re risking peanuts, your returns will always be peanuts.

& if you start oversizing, your results collapse into pure gambling.
How much you make in trading boils down to ONE thing: your risk per trade.

That single number controls how much money you’ll make

But everyone gets it wrong.
Read 15 tweets
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

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