Will Hunting Profile picture
Feb 16 5 tweets 1 min read
If you have poor performance

The idea that working harder will get you better results is a fantasy

You can not brute force attack the market

1/x
Contrary to conventional wisdom, practice does not make perfect

Practice makes permanent
10,000 hours applying a dysfunctional trading strategy and you will become perfect at dysfunctional trading
Whereas even only a short time applying a functional strategy and you will quickly see the light at the end of a tunnel because the strategy itself works..

Then you fix yourself
Both are important but Method > Man

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More from @wmd4x

Oct 19, 2022
When you ask people what they trade they say anything that moves..

1/x
When you ask them to show you

They show you this.. Image
I'm like bruh.. ImageImageImage
Read 4 tweets
Aug 21, 2022
If you stop treating lines and levels as support and resistance for a moment

and use them only to observe how price moves between them

then you might see a pattern of behavior of price in relation to them
Then when you mark lines and levels you mark them because they help you identify the pattern of expected behavior

not because they are s/r
Then when you think you recognise the pattern

You take trades based on the expected movement of price

Not the line or level
Read 4 tweets
Aug 20, 2022
My computer has stopped communicating with my router
I am on the computers side
Whatever the router did must have been pretty serious or why would they stop talking
Read 10 tweets
May 12, 2022
This week I felt like a cat in the headlights watching Luna drop

Couldn't take a trade because risk wasn't right, or invalidation wasn't clear, or gut felt like it would squeeze the short the moment i hit it
Wanted to sell Monero 220

Hesitated

Then felt like missed it
Didnt hesitate on Near

Sold
Read 5 tweets
Jan 5, 2022
The Reward to Risk ratio concept is dangerous and a double edged sword

1/x
The underlying principle about maximising returns with strike rate is a noble aim

Which is great on the surface

2/x
Sold as..

If you have 10 trades, risking 1% in each trade and taking profit @ 2%

You can LOSE MORE TRADES THAN YOU WIN, and still make money

For example..

4 wins gives you 8%

Minus 6 losses at 1% each

Nets you 2% in profit

3/X
Read 11 tweets
Dec 15, 2021
I often don't get asked a lot by many many people about how I generate my alternative penny stock trading ideas so here is a summary of my working routine..

Step 1

Go to a #crypto heatmap and see what has pumped most during week in xx% terms

1/x
Step 2

Look at a chart, mark it up, and see if it has exhaustion characteristics

- Soul walls, Tazer, X-multiple of lowest price, Harmonic steps etc

2/x
Step 3

Get sexually excited but also mentally prepared to be humiliated

3/x
Read 7 tweets

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