When I was an unprofitable trader, creating documents filled with quotes and maxims that reminded me of key concepts and principles was extremely useful in turning the corner.

Here is one of them that I call Market Wizard Maxims. 🧵

T2108, a breadth indicator on TC200, which is the % of Stocks Above the 40DMA, can signal significant bottoms on the indexes when it reaches levels of 10 and below.

Here are all the times it reached sub-10 over the past 20 years. (Credits to @PradeepBonde): 🧵 1/8: July 2002

(For the sake of visuals, I used the MMFI, or the % of Stocks Above the 50DMA on Tradingview, which is nearly the same thing.)

IOmega went up 13,800% in less than 2 years in the mid to late 90s, and was one of the biggest winning stocks of all time.

You've probably never seen the chart.

In this thread, we walk through its move from $1 to $138 🧵 First, some backstory.

IOmega was a prominent tech company in the mid 90s specializing in storage solutions for computers.

Their flagship product was the Zip Drive, which offered much more storage compared to floppy disks at the time.

When I first started trading, I didn't know the first thing about spotting a good setup.

As a result, I paid a lot of market tuition.

Then I studied these resources and now have confidence in being able to spot a good setup.

🧵 @markminervini's books that have 50+ examples of what winning setups looks like.📚

In his book he also explains the supply/demand dynamics as to why the volatility contraction pattern works, which is the basis for most setups swing traders trade.💡

Trading and surfing are very similar. You can't just surf every day, you have to wait for when the conditions are right. Then, you have to execute by being in the right spot on the surf break, paddling at the right time, or you'll end up missing waves.
🧵⬇️
(1/6) In trading, not all conditions will be right for your strategy. It will be up to you to have the patience to sit out when times aren't right and have the experience and preparation to pounce when conditions aren't in your favor.
(2/6)

Kicking off my model trade series with 5 of my model book stocks! I will hashtag them all under #CharlieM_ModelTrades so you can easily find them as I continue to share more!
Each chart will include a before and after chart so you can train ur eyes before they breakout👁️📈 $TROY 02/2000
#CharlieM_ModelTrades

.@DanZanger turned $10.7k ➡️ $18m in just 18 months. On his website, he provides tickers of his past big winners from EACH year from 1998 ALL THE WAY to 2020 on his website, FOR FREE!
I'll be showing 10 examples of them below⬇️
(Thread)
chartpattern.com/big-winners.cf…
@TraderLion_
1/12 The following charts will show the day before his 'Date Of Recommendation' & the subsequent move. The arrow indicates the 'Buy Point' as described on his website. Enjoy!

2/12

I've been looking at the past breakouts over the few weeks, and lots were setting during the current low of the market. Still very early, but even at the bottom (so far), stocks in select sectors were setting up nicely. I missed them but will post a few for study. Around the 5/19-5/24 area, these stocks were setting up and breaking out from nice bases and provided nice R/R despite a bear market.
$BPT $PTEN, $CRK, $CPG

Some others to study are $EQT, $CNX, $TDW, $SSL, $PBT, $ERF

Think of trading like a business. When you start a business, you have to put lots of time and effort, educate yourself and put in lots of money to find how and what you’re going to offer to the economy to provide value and make a profit. In trading, you put in this time and effort to build an edge. You study charts for a particular characteristic in a chart, called an edge, which over a large series of trades, will net you a profit.