What I told to this trader to change his way of trading and helped him earn $40,000 in the last 2 months

#thread

1. It is not only about strategy

The trader had already some experience when he joined mentoring program 6 months ago but he had to improve discipline and risk management, two of the concept that not everyone is aware of. Without these no strategy will make you profitable

The Athlete's Path to Mastery: A Trader's Journey

Reviewing dozens and dozens of professional traders, athletes and coaches I found the secret of their success.

In this thread you will find how to enhance your mental and physical performance

1/ Starting Line: Imagine a trader as an athlete stepping onto the field for the first time. The excitement masks an underlying naivety. The competition is fierce, but the thrill of the game is irresistible.
#thread 🧵 2/ First Hurdles: Early on, taking risks and sometimes sidestepping established strategies can seem appealing. Like a rookie athlete, a trader might feel on the brink of a major win, only to face setbacks that test their resolve.

From a tumultuous start with a blown-up account in my first year to achieving consistent profitability over the years, my 25 year trading journey has been both arduous and enlightening.

Thread 🧵

To spare you the heartache and fast-track your own path to success, I've distilled it down to 13 transformative moments that reshaped my trading career. 1/ From a simple dream at 18 to achieving the unthinkable in trading. Here's how I turned the impossible into reality, boasting over 1500% returns in 6 months & 3000% in just over a year. Dive into my journey & pivotal moments. Below from March to November Account Statements Bank

I’ve had the privilege of engaging with three full time traders, that made of trading their career for the last decade.

Here are some key points they told me, I wish I knew them when I started

Thread👇 1. Trading is simple but we overcomplicate ourselves

Most new traders try too many strategies, learning everything, ending up being overwhelmed with too much information.

Trading instead is more simple. It’ s repeating 1 strategy over and over until perfection. Then it’s all about discipline and resilience.

📜👀My rules for small caps 2023

Long #smallcaps:

1) after a bear trap, shorts trapped
2) on pullback (9EMA, JLINES, VWAP)
3) on a support with absorption
4) on fake vwap bdown open/mid morning
5) on a halt reclaim + fake washout
6) on day 2 on reclaim of main level 🚨Short #smallcaps:

1) on stuffs
2) at levels of premarket high
3) at daily levels
4) at fibonacci levels
5) after a bull trap, longs trapped
6) on JSLIM pattern
7) on hod fakeout
8) on halt pop and fail

If you are seriously trading Small Caps, read this!

4⃣⏲️⌛️ The 4 phases of a Pump & Dump

Often #smallcaps have Zero revenue, negative balance, high cash burning ratio.
They will raise $ through offerings and in order to do this they will sistematically run into a process. 1. The pre pump 🗞️
These are so called shell companies.
The charts of these companies look almost all the same. Weekly downtrending charts with few daily spikes.
The company, big hands, insiders will often acquire the stock shares before putting out a press release.

Years of research, studying, mentoring traders to find out that majority of traders fail for these reasons.

The top 4 points:

1⃣ Traders are indisciplined. They have a strategy, create a plan but often they won't respect it, getting highjacked by a thought, a friend, a feeling 2⃣ Traders have no patience. They will anticipate a trade because they want to be part of the party no matter what. They will be late and still take the trade because they won't want to miss it as if that's the only opportunity in their lives.

🔎 How to trade #smallcaps

1) $AMAM has his own structure which is categorized as explained in watchlist into ssr + high volume premarket.
The fact it does not have any overhead volume resistance lowers the forecast for a short into a 50:50. Then we have to consider the play 2) $AMAM SWITCH BIAS
The first pattern to look for is always a pop and fail at the gate because we are trading #smallcaps. If this level of premarket high holds then you have no reason to short and you have to be able to reverse to long as in the pic shown before.