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Mar 5 • 15 tweets • 5 min read
Jesse Livermore is one of the most legendary traders of all time.
In 1929, Livermore’s net worth amassed over $100M, which is equivalent to over $1.5 billion today...
Here are 10 of Livermore's most actionable lessons (you're going to want to bookmark this):
Before we get into the lessons, here's a top resource that every trader MUST read:
Reminiscences of a Stock Operator by Edwin Lefévre.
Easy read, yet profound look at Livermore's story & mindset that went into his trading.
Again, it's a must read:
Feb 26 • 9 tweets • 3 min read
Finding entries in big winners can be nearly impossible if you miss the traditional base breakout.
That's why @Trader_mcaruso's Mini Coil pattern is so effective (and simple to trade, too).
Here's everything you need to know about it:
@Trader_mcaruso The Mini Coil pattern is a 3 bar pattern.
→ Bar 1 is your reference point
→ Bars 2 & 3 must both be within the high & low of bar 1
Your entry is a break above the Bar 1 high & your stop is the Bar 3 or 2 low.
Feb 26 • 17 tweets • 5 min read
You want to catch a trade like $TSLA during the next up cycle?
There's a 100% chance it will go into an Relative Strength (RS) Phase before the real move happens.
Here's how to trade using the RS Line (in 3 simple steps):
Here are the steps we're going to lay out for you using the RS Line:
1) Identifying an RS Phase 2) Identifying a RS New High Before Price 3) Identifying a RS New High With Price
These are 3 ingredients to super winners.
Feb 24 • 17 tweets • 5 min read
If you haven't heard of Dan Zanger, it's time you met him.
He set the world record for account gain in an 18 month period — $11,000 to $18,000,000 for a 29,000% return (verified, too).
Here's everything you need to know about him (bookmark this):
Zanger's foundation is built on William O'Neil & Jesse Livermore.
He looks for:
→ Liquid stocks
→ Making new highs
→ Institutional quality fundamentals
And of course, How To Make Money In Stocks is his favorite book!
He's one of us 👀
Nov 16, 2024 • 19 tweets • 6 min read
One of the craziest success stories you'll ever hear about:
Legendary trader Kristjan Qullamaggie.
Took 5K and turned it into $100M in a decade.
Here's a deep dive on 2 of his setups & 7 scans you can run (to start trading just like him):
A little more on Kristjan:
"I started daytrading in 2011 at age 23. I followed alerts, chased stocks and had no idea what I was doing which led me to blow up 3-4 times in my first 2 years of trading."
'13 was his 1st profitable year, in '17 he became financially independent.