Can't get a grasp on the market?

Forget everything you thought you knew about price action,

Here's how to read price action correctly (& what NOT to do): 1) Realize they're all the same

Whether you trade candlesticks, DOM, indicators, options flow, etc, they're all the same.

One does not have an advantage over the other. There's no secret information.

Don't chase, focus on one. The advantage lies in the trader.

“99% of traders will fail.”

We’ve all seen this statistic so many times

But how true is it?

If you feel discouraged, here’s something you need to know👇 In 2019, a study in Brazil found that over 300 days, 97% of day traders lost money

Only 1.1% earned more than Brazilian minimum wage

The study concluded it was virtually impossible to make money day trading bnnbloomberg.ca/day-traders-in…

How to know if you’re actually profitable💰

(In a clean and simple way)

Many traders will never make money trading because they don’t understand this concept👇 The markets are unpredictable and chaotic

The only (serious) way to profit is to trade like a casino 🎰

Casinos always win in the end because they have an edge

One of the world’s greatest conquerors had a secret.

It allowed him to be far ahead of his enemies at all times

Here’s the mindset that allowed Napoleon to become ultra-successful

And how it can help you become a more competent trader and person👇🧵 “Different subjects and different affairs are arranged in my head as in a cupboard

When I wish to interrupt one train of thought, I shut that drawer and open another.

Do I wish to sleep? I simply close all the drawers, and there I am -- asleep.”

-Napoleon Bonaparte

Sep-30-2022 analysis 🔍 $SPY $SPX #SP500

Price pushed lower then rallied to 3670 area at end of day

Action is hard to read here.. is it forming a rounding bottom and moving higher? Expanding range and moving lower?

Imo a proper breakout is needed

https://twitter.com/Tradewrite/status/1575475757098455040

So far we've had fake-outs on both sides, but eventually one will break

HISTORICAL THREAD🧵 $SPY $QQQ $DJIA

There's been comparisons of this #stockmarketcrash
with that of 2008

People have been saying that 2022 is not 2008

They're not wrong, but let me give you a challenge These are all weekly charts of the Dow Jones, so they're all significant bear markets and crashes. Can you tell me what year this occurred?