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Apr 8 • 7 tweets • 4 min read
Market Wizard Alexander Elder once said: "The goal of a successful trader is to make the best trades. Money is secondary."
Sadly, most people will never understand that.
5 tips to become process driven trader 👇
#1 Define what a "best trade" is
Probably 95% of all traders enter trades spontaneously. Big mistake! Short-term it maybe works, but long-term not.
For me a good trade is a trade that fulfills my criteria. I defined the criteria before (technicals, fundamentals, setup, story, market conditions etc.). That's the strategy or the trading plan.
Bad trades can make money and good trades can lose money. 💰 If you want to become a process driven trader, the only thing that counts is if you stick to your process.
Apr 7 • 5 tweets • 3 min read
If you are serious about stock trading, you need a proven way to spot when a correction or bear market is actually over.
Feelings won’t cut it. Neither will the noise on social media.
Here’s how I spot bottoms — with logic, not hope 👇
A divergence between the price, net lows & % of stocks above the MA 200
If selling dries up, you will notice it in a divergence between the NASDAQ and my secondary market indicators (net lows & % of stocks above the MA 200).
Important: You want to see multiple down legs before, shakeouts & a huge number of net lows (-1,500-2,500!) & a very low number % of stocks above the MA 200 (<20%, better <10%!).
Example from 2022 👇
Apr 4 • 14 tweets • 8 min read
13 Quick Lessons on How to Select GreatGrowth & Momentum Stocks
Thread 👇
#1 Basics: Understand the 360 degree approach I use
The biggest question in stock trading: How to reduce the available 10,000+ US stocks down to a list of 50? That's 0.5%!!
It's not that I am a believer in fundamentals or technicals, I use both as a criteria to select high-potential stocks and to reduce the number of stocks on my watchlist.
I use 3 different criteria / angles to look at a stock:
1. Technicals: I want to select only the strongest stocks in the stock market that can really outperform the indices.
2. Fundamentals: Sales and EPS growth are driving the stock's price.
3. Story: I want to make sure that the company can even growth bigger in future.
Apr 2 • 11 tweets • 4 min read
My Top 10 Learnings in Trading from 20 Years in the Markets
Thread 👇
#1 Never underestimate experience in trading
There is no quick way to learn trading. Why? Because you learn mostly from experience. Why? Because you have to rewire your brain and that takes time. The brain has physically to change to save all the learnings long-term.
Experience is what separates a lot of traders from each other. Not just the years, but the amount of solves mistakes and the amount of HOURS you spend with hart analysis and trading.
I underestimated that in the beginning of my career. I always thought "Yeah, it's just about learning the skills". But skills are easy to learn - it's the experience with the skills that counts.
Master your mind, master your trades! 🧩📊 #TradingPsychology #Mindset #Investing
1/6: Stay Calm Under Pressure 🌊
Trading can be stressful, but staying calm and composed helps you make rational decisions. Practice mindfulness and take breaks when needed. #TradingPsychology
A thread 👇
1️⃣ Be process oriented. Trading is a business and your trading system is a business model. The output is money which comes automatically when your system works right. So focus on the right execution of your system! If necessary: Remove the P/L from your screen.
