NOBS TRADES 🇺🇸 Profile picture
Day Trader since 1988 | The Market shows you the line of least resistance by "READING the BARS" | Join the E-mail list: https://t.co/eYRlMIl85h
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May 26, 2022 • 5 tweets • 2 min read
Great trading comes from experience.
Experience comes from Losses.

What you do with that experience will determine your outcome.

Losses in trading are lessons, the key is what are you doing different?

Look at the chart below, this trader at 90% losses is still makes his nut. Image Fuck losses... We all get them, that doesn't mean we are gonna end up losing for the day.

If you can't keep trading from this drawdown... That tells me this:

You are trading too big of position size based on you your account size.

Stop being arrogant and start asking for Help.
May 18, 2022 • 4 tweets • 1 min read
Trading is like dating… you gotta go on many dates to find your match.

And guess what?

There are gonna be plenty of “Shit test” along the way that are purposely designed to find out who you are…

The question is can you Pass the Test? If you’re a male and want to know what a “Shit Test” is… watch this:

Apr 27, 2022 • 6 tweets • 2 min read
The average customer with a brokerage account is between the ages of 33 and 62, with plenty of traders in their 20s or 70s and many have college degrees.

What is interesting is, good Traders are often Street Smart and many do not have college degrees.

🧵Thread 🧵 Image In my experience, I’ve seen Doctors, Lawyers, Accountants, Engineers, and Actuaries… all of them super smart, but in most cases… horrible traders.

The main reason for this is because the years of schooling have taught them to be RIGHT and most good traders are
Mar 6, 2022 • 7 tweets • 3 min read
Two of the best books on trading and yet still 85% of those who read these two books still lose money 🤔 why?
Trading has got nothing to do with being RIGHT… it has to do with being WRONG and managing the losers and both of these books CLEARLY point that out BUT NOBODY READS IT. You will never be a consistent trader until you test your system or process it thoroughly. I'm not talking about the last 10 days. I'm talking about the last 1,000 days. Yes, you need to "PUT IN THE WORK" You need to know how many losses this system has + how much you will lose.
Sep 28, 2019 • 6 tweets • 3 min read
@HF_Trader Yea, that NUT concept helps a lot of traders... but they still need a positive edge just like you can't run a Corvette on a Go-Cart engine. Did you see the guy Graham from Belfast uk.linkedin.com/in/geasthope
It took me 12 months to get him squared away. he's very smart (too smart). @HF_Trader But the guy is consistent and winning every day. I had to deprogram his brain. He told me learning to trade was the hardest thing he's ever done. and this guy is ex-military Commissioned Officer. I mean there is not much this guy has not done, but he was having a helluva time