Day Trading has made me more money that I could have dreamt of

The 🔑 to my trading success has been following my trading plan perfectly

Here's the framework I use every single day to make 7 figures annually

Hope it's helpful to someone

[🧵 thread] My trading plan is deliberate. There are no impulse decisions

I need to know:

- Do the conditions suit my trading style?
- What is my setup trigger?
- Where is my first profit target?
- Where is my stop loss?
- Where is my entry?
- How will I manage this trade?

Here are the 3 Types of Setups I trade and How to Trade Them

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🧵Here we go... 1. Level Breakout (pt1)

Price breaks a key area of resistance and turns that level into support.

Types of Level Breakouts:
-monthly highs and lows
-weekly highs and lows
-daily highs and lows
- intraday highs and lows

I focus on monthly, weekly, and daily breakouts

If you want to become a profitable trader in the next 90 days here's what you have to do: 1. Stop Bouncing from Strategy to Strategy

There is no holy grail so stop looking for one.

Find a pattern, back test it, move forward.

Keep your strategy simple. You should be able to explain it to a five year old

Here are the 3 Types of Setups I trade and How to Trade Them

If you found this helpful please like, retweet, and follow for more content like this

🧵Here we go... 1. Level Breakout (pt1)

Price breaks a key area of resistance and turns that level into support.

Types of Level Breakouts:
-monthly highs and lows
-weekly highs and lows
-daily highs and lows
- intraday highs and lows

I focus on monthly, weekly, and daily breakouts

I’ve officially crossed 1 million in lifetime profits as a trader

It’s been chaos from start to finish and I’m thankful to everyone who helped me get here

From live-streaming all my trades every day to painful drawdowns here are 10 things I’ve learning going from 100k to 1.1m 1. Risk management is the King 👑

If you don’t have a plan on how to keep your money you are guaranteed to lose it.

Risk management is a proactive not reactive process.

Become obsessed with keeping what you have and you will get better at cutting losers quickly

Traders need to become best friends with the power of compounding. It is why #Daytrading scales faster than most other businesses

Heres is how I compound gains: The Power of 1%

1% a Day doubles your trading account every 70 days.

That turns 10k into about 80k year one and then 80k into half a million dollars.

If you outperform that by just a little bit you can become a millionaire in less than two years

Traders must treat #trading like a business. It isn't a lottery ticket that will just hand you money.

Trading is a job, and it requires you to treat it like one.

Here are 5 Ways to Grow your Trading Business 1. Quality Matters

It isn't about the quantity of work. Successful trading is about the quality of the work

Only trade your A+ setups and accept nothing less. Nothing else

Every time you compromise you cheat yourself of future gains

9 Trading Hacks that will help you become a profitable trader sooner: 1. Trade Highly Correlated Names😎

Highly correlated names will get similar setups at similar times.

Filter for the strongest setup with the best volume profile.

Make your plan and execute ruthlessly

I’ve been #daytrading for almost a decade now. Between trading for a hedge fund and managing my own money It has been the only way I have made a living since I graduated from Law School.

Here are 10 things I wish I knew when I started out my #trading career. 1. Mindset Matters 🧠

All the top traders I’ve met have been super optimistic and filled with self belief.

Their work ethic makes their success inevitable but they never behave like the market owes them that success immediately.

I’ve been #daytrading for almost 9 years now. It has been the only way I have made a living since I graduated from Law School.

Here are 9 things I wish I knew when I started out my career. 1. Mindset Matters

All the good traders I’ve met have been super optimistic and filled with self belief.

Their work ethic makes their success inevitable but they never behave like the market owes them that success today.

🧵Quick little thread on #candlesticks

Candles are a big part of my day to day analysis and there are 5 main candle types. Same principles for bearish candles.

📣Please share if you find this helpful

1. Full Body😃
2. Hammer🔨
3. Normal Body🧍
4. Doji / Neutral☁️
5. Weak🍦 1. Full Body

🔑 minimal or no wicks.

Means the buyers or sellers were in control the entire time. They are dominating the tug of war.

🔑🔑A Full body candle should be accompanied with big volume