Tradesbynick @csnickk
21 y/o trader trying to make a living doing what i love. NFA All tweets are IMO. Options/Equity Trader Joined October 2016-
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We have had a beautiful run so far! August 1st we easily could have had a sell off but was quickly recovered the next day! We have been and are still in good hands as long as we hold our moving averages on the overall market! Stay on the lookout for stocks setting up!!!
I suck at posting.. but we retested the 200 ma exactly how I said we might‼️ and had a beautiful bounce!!! This has set the market is a pretty good spot, stocks I have held have now ran up double digit returns!
The general markets have been holding above their 200 day moving averages. That is quite bullish, even if we pull back and test the 200 day ma it will give time for more stocks to set up or create tighter patterns! I have gotten my toes in the water and bought a few set ups!
The last line of defense has now been broken‼️‼️‼️ $SPY (200ma) Next step is to see if we can hold above it! Very possible we have a sharp decline and a lot of set ups fail. Or also very possible this is the beginning of a new bull market!
A bit more stocks are setting up, some of my screeners that had 0 to 2 stocks in them during March and April now have 6. Some of my screeners that were averaging 20 to 30 now I have 60+ $SPY has not made a lower low since I said this might be a potential bottom.
i have been inactive as I’m waiting for a bottom to form in the market and stocks to set up. until then I will be sitting on my hands 100% cash. Been reading books, studying the market, and myself to crush the next bull run! Everybody should be doing the same!
The sooner you accept this, the sooner you will become profitable. One of the best Mark Douglas Quotes out there!
Trade Update: Market said "nope." Stopped Out. Small Loss. Its all a part of the game.
Trade Update: Market said "nope." Stopped Out. Small Loss. Its all a part of the game. https://t.co/QtKZTWe27T
The $SPY failed Breakout had ONE Major clue written all over it that it wasn’t A+ Find out below: 👇 The breakout looked pretty promising, but the LOW Volume told the real story. 🔑Never Buy a Breakout On LOW Volume🔑
$SPY Just broke out and closed above 2024's Highs. This could be very Bullish but the Low Volume on the Breakout is bothering me. What do you guys think fakeout or breakout? #Trading
"This is one of the most bullish charts i have seen in 48 years of trading" Like a fine wine, this just keeps getting better with time!🍇🍷 @PeterLBrandt
"This is one of the most bullish charts i have seen in 48 years of trading" Like a fine wine, this just keeps getting better with time!🍇🍷 @PeterLBrandt https://t.co/ZexuzUF0H7
-- 40-years ago when I told my family and friends I was going to be a stock trader, I was told all the reasons why I shouldn’t and couldn’t. It’s gambling, it’s not a real job, they said. -- When I made my first million dollars, I was told I was lucky. -- When I won the 1997 U.S.…
Stop looking for the “best” system. It doesn't exist. Want to know the best strategy? Its the one that fits you. Trading is personal and you have to find what works for you.
Beautiful looking chart and breakout!! $FNGS
I'm seeing more and more stocks set up as we get closer to breaking out on $SPY. Personally taking a STARTER position on $AFL . Breakout happens we should continute higher. Breakout fails i may cut my position early we will see. Stop loss in place as always.
This is Some of the BEST trading advice You will ever hear. Yet so many people, "furus", "gurus" will not tell you this. This simple rule will save you more money than any person or strategy can.
Rest In Peace Mark Douglas he was a legend❤️ Without his work i dont think i would be where i am today. God bless

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