Share this page!

Enter Twitter Thread URL to Unroll

Needs to be the full URL like: https://twitter.com/threadreaderapp/status/1644127596119195649

How to get URL link on Twitter App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Goshawk Trades🔨 Profile picture
@GoshawkTrades
Jul 20 • 8 tweets • 3 min read Twitter logo Read on Twitter
Scrolly
Over the past 4 years, I've read almost 100 trading books.

99% were useless in progressing my trading journey.

Especially for trying to become a systematic trader.

Save yourself the time and just read these 5 👇 Image
New Trading Systems and Methods

By Perry J. Kaufman Image
Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals: 274

By David Aronson Image
Quantitative Trading: How to Build Your Own Algorithmic Trading Business

By Ernie Chan Image
Volatility Trading

By Euan Sinclair Image
Trade Like a Hedge Fund 20 Successful Uncorrelated Strategies & Techniques to Winning Profits How to Play the QQQ-SPY Spread Using Unilateral Pairs Trading

By James Altucher Image
These 5 books have helped me the most. If you're considering buying one, give this tweet a like.

If you have any other suggestion leave them down below.

If you found this content valuable:

1. Follow me @GoshawkTrades for more content like this

2. Jump to the top & retweet
Benefit from Coding Your Strategy Without The Time Loss Learning It!

If you have 2+ years of trading experience, custom code can take your trading game to the next level!

•Robust backtests
•Algos
•Custom Needs

I've got you.

Visit the link below:
unbiasedtrading.carrd.co

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Goshawk Trades🔨

Goshawk Trades🔨 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @GoshawkTrades

Goshawk Trades🔨 Profile picture
Jun 22
I have finally found the most useful indicator.

It took me 100s of useless ones, but I found it!

It's so useful I implemented it into 80% of my algos.

Linear Regression Channels.

What are they?

How do I use them?

Here's how:
What is it?

Linear regressions are simply a linear relationship between a dependent variable & one or more independent variables.

Linear regression channels are similar however they plot a straight line that best fits the prices between the starting & end point.

Pretty basic.
What makes the indicator a channel is that it includes an above & below line.

These are formed by applying two standard deviations added & subtracted from the linear regression line.

This creates an expected top & bottom to the price section.
Read 8 tweets
Goshawk Trades🔨 Profile picture
Jun 20
A lot of trading books are complete jokes.

But for every 5 terrible ones there is 1 with pieces of gold.

I am going to have a lot of time on my hands this week waiting while doing Jury service.

So here are the 5 books I'll be recapping to improve my trading: Image
One Good Trade

By: Mike Bellafiore Image
Designing the Mind

By: Ryan A. Bush Image
Read 7 tweets
Goshawk Trades🔨 Profile picture
Jun 19
I'm stuck in jury service.

My first thought is how rusty I'll be when I get back to the market a week from now.

We are all taken away from the market at some point,

Here's how I'm planning on keeping up to date so I don't trade like shyt when I'm back:
1. Replaying the market

Simple yet effective advice.

You can now do this on multiple platforms, my 3 favorite ones are:

@TradingSim
@tradersync
@tradingview
2. Median Charts

Pulling the median price charts for all the gappers while I'm away, allows me to get a quick big-picture view of the price action recently.

Are we in a fading market currently?
Are we getting afternoon reclaims?
Read 5 tweets
Goshawk Trades🔨 Profile picture
Jun 1
Systematic Trading 101

Over the past 3 years, I have gone from struggling to find a single profitable strategy to having too many for my equity to handle.

Want to know how?

I use a four-step framework for turning an idea into a profitable strategy.

Here it is:
So let's talk about the purpose of this framework.

The main goal here is to get rid of ineffective strategies & focus only one the ones that are truly profitable & robust.

We want to gather as many ideas as possible and then filter them down to the best of the best.
Part #1: Idea Classification

What bucket does our strategy idea fall into?

This is an important step as each will have unique pros & cons to them.

The 4 buckets:
• Momentum
• Trend Based
• Mean Reversion
• Pattern Based
Read 9 tweets
Goshawk Trades🔨 Profile picture
May 24
The $12,000,000 Trader:

Tim Grittani @kroyrunner89

In the past decade he traded all aspects of the market: penny stocks, small caps, long, short.

Then he turned his strategies into algos, a move that cost him 800k in losses.

But he came back stronger.

Here's what he learnt: Image
Tim was drawn to algo trading because he desired to spend more time with his family instead of computer screens.

He expected it to be a smooth transition, but found it was a lot more complex than he thought.

"I thought it was going to much easier than it is"
Initially his first algo attempts were a huge success making over $900k in Jan / Feb 2021.

He felt like he cracked the code to algo trading, but over the next 6 months he lost over 800k of that profit.

The market environment changed, & he realized he had overfit his strategy.
Read 8 tweets
Goshawk Trades🔨 Profile picture
May 23
Most trading chatrooms failed to teach me how to make systematic strategies.

So I have been dusting off old strategies that I no longer pursue or trade.

I'm sharing them and the backtested results too.

But unlike a $200 chatroom, here is another one for free: Image
I introduce the Pre Market High Long strategy!

This is for all my long small traders out there.

I know it can be incredibly hard to create a systematic long strategy, and this took me over 30 attempts at finding one.
Strategy Criteria:

It centers around longing breaks of pre market high when there's a solid volume above 1000 on the candle break.

I also shared this strategy with my fellow traders in the How To Backtest Bootcamp, along with a few extra variables to consider. Criteria
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

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

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Send Email!

:(