I spend 3 hours listening to the key points made in @Mr28trades's space and here is a quick summary for those who don't have time:
(a thread) 🧵 $SPY
(a thread) 🧵 $SPY
https://twitter.com/Mr28trades/status/1638344746316845056
1) Backstory:
Mr.Twentyeight has had a rough past of oversizing and overtrading.
He talks about one of his worst days being on FOMC, losing up to 15k from emotionally trading without an edge.
He constantly brings this up to make sure none of us make a similar mistake.
Mr.Twentyeight has had a rough past of oversizing and overtrading.
He talks about one of his worst days being on FOMC, losing up to 15k from emotionally trading without an edge.
He constantly brings this up to make sure none of us make a similar mistake.
2) Understand this first:
The banks, institutions, hedge funds, etc. are all out to get your money.
In this market you must protect your capital and go for consistency.
Do not overstate your welcome.
The banks, institutions, hedge funds, etc. are all out to get your money.
In this market you must protect your capital and go for consistency.
Do not overstate your welcome.
Try to avoid coffee or any energetic beverage as this will make you release your energy into the market.
Don't look at the amount in your account. If you want an even number then just deposit it.
Don't look at the amount in your account. If you want an even number then just deposit it.
3) Important rules:
In a casino, if you win $100, then your best chance at winning is to walk away. If you stay however, you risk losing it all by being greedy and overconfident.
Have an amount of profit that you lock in everyday. No more than that.
In a casino, if you win $100, then your best chance at winning is to walk away. If you stay however, you risk losing it all by being greedy and overconfident.
Have an amount of profit that you lock in everyday. No more than that.
Holding a trade is not worth the risk. You will have to incur manipulation, liquidity sweeps, and theta decay.
Try to be in a trade for only a few minutes.
3 bar rule - if the trade you've entered is giving you 3 candles in your direction, then exit for a profit.
Try to be in a trade for only a few minutes.
3 bar rule - if the trade you've entered is giving you 3 candles in your direction, then exit for a profit.
4) How to chart key levels:
Use the Monthly, Weekly, and Daily chart to find key levels.
A key level is one that has at least 2 wicks touching it. Higher TF + more wicks = strong key level.
Use the Monthly, Weekly, and Daily chart to find key levels.
A key level is one that has at least 2 wicks touching it. Higher TF + more wicks = strong key level.
5) Future plans:
Mr.Twentyeight currently has a 9-5, which means he trades at work off his phone. This makes it hard for him to livestream/callout.
He plans to create a discord/mentorship in the future that explains the full strategy.
(P.S. he should let me make it!)
Mr.Twentyeight currently has a 9-5, which means he trades at work off his phone. This makes it hard for him to livestream/callout.
He plans to create a discord/mentorship in the future that explains the full strategy.
(P.S. he should let me make it!)
This is not every bit of detail he mentioned in the space, but these are the most important for sure.
10 retweets on the first post ☝️ and ill keep doing these threads!
10 retweets on the first post ☝️ and ill keep doing these threads!
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