Chisom Tha 🔺️🔺️🔺️🔺️🔺️ Profile picture
$GMX maxi .prospective billionaire.. investing Trading is mental hard work, consistency and risk management https://t.co/1nQFE7wosw
Jul 14, 2022 10 tweets 2 min read
Mistakes most leveraged traders make and hence why a lot say futures trading is not that profitable .
1 Sticking to a particular bias , not being flexible
2. Not adjusting stop loss when in profit, very bad move , at least if a trade moves 3 percent in your favour, move SL to Entry .
3. Not taking note of key levels or very important zones. . For instance BTC has a support at 19500 then breaks down to 19200 , a lot will go to short because it broke down,forgetting to wait for confirmation and retest before entering again .
4. Not sticking to your
Apr 26, 2021 24 tweets 5 min read
This might be the important thread of your entire 2021 as someone seeking financial freedom . Please engage, RETWEET and share your thoughts as well. We are all learning. It's about RISK MANAGEMENT. yea we are all in the markets to make money which is not a bad thing However proper lack of understanding of the market will end up causing you severe pain , trust me and its a shameful thing to get financially broke while looking for financial freedom . The whole markets : stocks, crypto, forex are driven mainly by three powerful emotions .
Apr 4, 2021 10 tweets 2 min read
Lol . Growing a portfolio has to be the most difficult aspect of any market and a lot of people have issues with that. Some have $500 and after two or three months they have just $550 just because they don't manage their portfolios well enough . This is why a lot of people are In the crypto or stock market space for years and they have nothing to show for . So why do you find it hard growing your portfolio ? Here are a few reasons.
1. You are too over exposed. What does this entail ? It means that you buy so many stocks with limited capital .
Mar 1, 2021 4 tweets 1 min read
Thread of important lessons to be taken from last two weeks nasty market correction which we don't know if it's over yet :
Always have a cash position
Never overexpose yourself or over diversify tickers
Always take profit from time to time or the market will take it all back Be greedy when others are fearful .
Master the strategy of entry and exit , rinse and repeat
Always trade limited tickers with a long term mindset
Never leave profits for the weekend
Get a mentor , I have one and I pay for his time.
Learn about more market trends
Jan 14, 2021 7 tweets 2 min read
What do I mean by " not buying up everything" . I will explain better . A THREAD.. We all know there are thousands of stocks or cryptos to invest or trade that can make you profit however the reason why you are in the market is to have a healthy portfolio , unless you are a Momentum trade which requires high strategy and expertise . Daily there are picks and calls by analysts . This can make you FOMO and you end up emptying up your savings to buy everything thinking you have made the right decision meanwhile you made a disastrous decision.
Jan 11, 2021 4 tweets 1 min read
Sometimes I wish some of these financial advisors or crusaders would tell these Nigerians the real truth about many liquid assets instead of just creating FOMO and panic buying for them . Let them understand that the price of an asset is not what determines the returns . I remember few days ago how noisy the whole TL was about Bitcoin,today those experts are nowhere to be found. Tell those people you invited into using their life savings to buy Bitcoin at the top why it is falling. Most of these people don't really care about you
Dec 26, 2020 10 tweets 2 min read
Okay some of use bamboo for investing and trading in the USA stock market and might have one or two complaints about them. Here is a thread for you to understand certain things about bamboo and how to bypass some of their flaws .
....First of all generally , there are three Types of brokerage account for trading and investing in the market .
The margin account
Day trading Account
Cash Account .
Bamboo happens to be a cash account and thus this makes it have some regulations and limitations which might be frustrating to some users.
Dec 15, 2020 7 tweets 2 min read
Most of beginner Investors want high ROI so they think big names in stocks and crypto can do that with little capital . It's not always like that. .HERE IS A THREAD👇👇👇👇👇👇👇 many people buy BTC because it's the biggest and one of the expensive name in crypto while some people buy a
Amazon shares because of the same reason , and while doing this they don't buy up to one unit of it. When they get the returns , they get disappointed because its not
Nov 18, 2020 17 tweets 4 min read
MY THREAD!! PLEASE DO WELL TO ENGAGE AND RETWEET TO SPREAD AWARENESS. . for few days now after a comment on @akinalabi's tweet I have been getting a lot of questions in my DM about The USA stock Market with some wanting to know it works and how to start investing in it with help Well, The USA Stock market has been around for Ages now and it is one of the world's most popular economic market. Populary known as the New York Stock Exchange are where company stocks , bonds etc are traded via a broker and an investor. A broker is an app that allows you