I was convinced years ago that you cannot outsmart the 10 and 20 period moving averages.
A mentor introduced me to it, then studying the GOAT @Qullamaggie cemented it.
It's hard, it can be scary... but it's a winning approach to catching the outlier trends.
$ALAB
HOW I LOST OVER $2M IN 30 MINUTES TRADING!
I discuss how external goals led me to lose over $2m in just 30 minutes of trading.
It’s a timeless lesson of how we can never impose our will or desires upon the market.
youtu.be/5wxNwS-FtZQ?si…
One of the tools that really helped me identify
and eliminate my personal trading errors was
@Trader_Dante 's Demon Finder!
The only way to achieve success
is to learn from your errors.
Your future profitability depends
on you killing your demons.
Instructions in the image
👇
$BTC
I have no issue being wrong on a trade idea, provided the order flow presents a clear reason to exit early, based on structure and execution, not emotion or bias attachment.
When the market later confirms the breakdown in the setup, it validates the decision to step…
$BTC
I have no issue being wrong on a trade idea, provided the order flow presents a clear reason to exit early, based on structure and execution, not emotion or bias attachment.
When the market later confirms the breakdown in the setup, it validates the decision to step… https://t.co/IXcShaqquh
Qullamaggie’s Amazing Motivational
Talk
"Here is where I started trading. May 2011.
Ever since I started reading or listening or watching financial media. All of these bears they always talk about what can go wrong, but no one ever talks about what can go right. We had a…
The truth about back-testing as I understand from real quants at firms such as Renaissance, Goldman, etc
1. Backtesting a discretionary approach is impossible
2. An approach with even 10% discretionary filtering is discretionary
3. Purely systematic approaches not back tested…
This has always been the most challenging part of my trading journey.
I grew up in a really poor family in a small town in a shitty country. (says every guru, I know). Father's salary was $76 per month. There were six of us in the family, and money meant a lot to us. (The kind of…
One of the most frequent questions I get is, what style of trading would you recommend? Scalping? Intraday move2move/L2L? Swing? Etc.
Start with scalping to get screen time in + reps executing. Get really good at that. Then graduate to big picture trades. Big pic trades can be…
Most traders secretly prefer gambling.
It’s exciting, easy—and incredibly expensive.
The best traders in the world operate differently.
I call them "operators."
Operators are disciplined, precise, systematic—controlling every possible variable.
If you're serious about…
You can do anything you want in this life,
All those people you admire? They're just human. There's nothing they can do that you can't.
Not trying is failure
64/252
Remember this from @Qullamaggie:
"All the successful traders use the same (approach). Minervini is also like Dan Zanger, Stockbee, and how I trade. It's the same principle because they work.
You find a strong stock that makes a big move, and then it goes sideways for awhile…
APR ‘25 @smbcapital TAKEAWAYS
(Note - March monthly review calls and my usual synopsis tweet were skipped over due to the market vol in April)
1. What you notice with the best traders is that even after a great month, they are still hungry to always to do better, to find new…
I started noticing a really bad trend among struggling traders. This is going to sound a bit harsh but it’s important to really think about.
If you are a struggling trader why are you surrounding yourself with other struggling traders?
What value do they provide?
What value…
"Why do I keep overtrading, cutting winners early, and abandoning my trading plan?"
Wrong question.
Trading isn't a test of discipline—it's a test of design.
Early in my career, I took a brutal $116k loss shorting a low float stock.
Oversized, exhausted, isolated—I learned an…
@SaltyySniper Honestly for newer traders I would suggest picking 3 to 5 setups in a particular strategy and focusing on getting reps on all those simultaneously.
The problem with picking one setup is you are making your learning curve significantly longer.
How often do you find yourself…
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