Want to Grow your Small Trading account into Millions?
No, you are not going to make it by Just punching Trades.
Study Big Traders who made their fortune in Trading.
I studied @Qullamaggie 's thought Process while you were Trading in Random names.
Thread ๐งต
No, you are not going to make it by Just punching Trades.
Study Big Traders who made their fortune in Trading.
I studied @Qullamaggie 's thought Process while you were Trading in Random names.
Thread ๐งต
๐ฏ Avoid Super Choppy Stocks.
- Trade Stocks which give clean move.
- When you select a Stock to trade look at a few past moves of that stock, if the moves were super choppy you better skip that name.
- Trade Stocks which give clean move.
- When you select a Stock to trade look at a few past moves of that stock, if the moves were super choppy you better skip that name.
๐ฏ10 and 20 MA that's all you need .
- You need one short-term moving average and one mid-term moving average. you don't need many indicators on your chart.
- If you have any more than that you are setting up for failure.
- You need one short-term moving average and one mid-term moving average. you don't need many indicators on your chart.
- If you have any more than that you are setting up for failure.
๐ฏ Build your Trading Brain
- Track notable moves. Stocks which gave good run Study them. That's how you Build your Brain to Understand setup.
- Track notable moves. Stocks which gave good run Study them. That's how you Build your Brain to Understand setup.
๐ฏTrack Setups
- You can Read as many Books as you want.
- You can attend as many seminars as you want to attend.
- But to really understand what works and what doesn't. You need to Track Setups.
- You can Read as many Books as you want.
- You can attend as many seminars as you want to attend.
- But to really understand what works and what doesn't. You need to Track Setups.
๐ฏNo one will Do it for you
- whatever setup you Trade Master is by Tracking them Realtime. See what's working and how it works.
- Not all setups work all the time and that's how you Learn. That's how you Train your Brain. Only you gotta do this for Yourself, no one else.
- whatever setup you Trade Master is by Tracking them Realtime. See what's working and how it works.
- Not all setups work all the time and that's how you Learn. That's how you Train your Brain. Only you gotta do this for Yourself, no one else.
๐ฏDon't be Lazy
- Trading is not for Mentally lazy People. You can be an average Intelligent Person but if you are a lazy person you are not going to make it .
- Trading is not for Mentally lazy People. You can be an average Intelligent Person but if you are a lazy person you are not going to make it .
๐ฏTo Develop Sitout Power
- Get a Hobby,
- Get a Life Outside market.
- Spend time Studying Market Structure, studying setups instead of clicking Buy buttons. much more Productive.
- Get a Hobby,
- Get a Life Outside market.
- Spend time Studying Market Structure, studying setups instead of clicking Buy buttons. much more Productive.
๐ฏ Advice for Small Accounts
- Dont's day Trade but look for Short term Swing Trades for 3-5 days.
- Short term Swing Trading is Best for Beginners because you can generate a lot of trades and still have Better Risk Reward than Day Traders have
- Dont's day Trade but look for Short term Swing Trades for 3-5 days.
- Short term Swing Trading is Best for Beginners because you can generate a lot of trades and still have Better Risk Reward than Day Traders have
๐ฏNo Randomness
- Randomness will kill you in the Markets.
- If you don't have a Setup you have nothing.
- If you don't have a setup and still have money in your Brokerage account, you will soon have no money in the Brokerage account.
- Randomness will kill you in the Markets.
- If you don't have a Setup you have nothing.
- If you don't have a setup and still have money in your Brokerage account, you will soon have no money in the Brokerage account.
๐ฏRewiring Your Brain
- The main thing in Trading is Rewiring your Brain. to ignore pretty much Everything other than what's actually going on in front of you.
- Most People Find it Difficult. That's why Financial Markets are full of smart people with Mediocre Results
- The main thing in Trading is Rewiring your Brain. to ignore pretty much Everything other than what's actually going on in front of you.
- Most People Find it Difficult. That's why Financial Markets are full of smart people with Mediocre Results
๐ฏDon't Focus on too many Macro things
- The main thing you should focus on is what's going on?
- Whats market telling you?
- Are there setups?
- what setups are there?
- what's working?
that's what matters if you want to make money
- The main thing you should focus on is what's going on?
- Whats market telling you?
- Are there setups?
- what setups are there?
- what's working?
that's what matters if you want to make money
๐ฏNew Edge
- Few Times a year you will find something like a new type of Edge or Something. It only happens once or Twice a year but that will take your trading to the Next Level
- Few Times a year you will find something like a new type of Edge or Something. It only happens once or Twice a year but that will take your trading to the Next Level
๐ฏExplosive Stock Behaviours
- Explosive Stocks find Support at 10 MA and not at 20 MA. ( go check the chart of FACT )
- Slower Stocks find support at 20 MA and even slower stocks find support at 50 MA.
- Explosive Stocks find Support at 10 MA and not at 20 MA. ( go check the chart of FACT )
- Slower Stocks find support at 20 MA and even slower stocks find support at 50 MA.
๐ฏCut the Noise
- Unfollow all the guys who are not adding value. Learn the Setups Instead.
- There is also a reason for the move if you can learn and Identify the moves beforehand. you don't need to know the Reason for the move.
- Unfollow all the guys who are not adding value. Learn the Setups Instead.
- There is also a reason for the move if you can learn and Identify the moves beforehand. you don't need to know the Reason for the move.
๐ฏExponential Returns
- You can make money very easily by Just risking 0.50% of your account per Trade.
- If you catch Big Moves which are in Multiple of your Risk, you gonna make a lot of money risking very Little.
- It's all about having Tight Stops & Big Winners.
- You can make money very easily by Just risking 0.50% of your account per Trade.
- If you catch Big Moves which are in Multiple of your Risk, you gonna make a lot of money risking very Little.
- It's all about having Tight Stops & Big Winners.
๐ฏ Educate Yourself
- Know How the market Operates, it's the same thing again and again.
- To let your winners run, Study Big winners of Different Market cycles.
- Spend 100s of hours in Study, take the Time. Then you will realize.
- Know How the market Operates, it's the same thing again and again.
- To let your winners run, Study Big winners of Different Market cycles.
- Spend 100s of hours in Study, take the Time. Then you will realize.
๐ฏPay attention where it really matters
- You don't need to look at any Market Breadth, Sentiment indicators
- Just Focus on Stocks. Focus on the narrow Setup stocks you get from the Scans. that's what matters.
- People are paying attention to all useless things
- You don't need to look at any Market Breadth, Sentiment indicators
- Just Focus on Stocks. Focus on the narrow Setup stocks you get from the Scans. that's what matters.
- People are paying attention to all useless things
I am Not Yet, I will be sharing More about this Great Trader. There is a lot Learn.
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1. Follow me @AnkurPatel59
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If you liked this Thread,
1. Follow me @AnkurPatel59
2. Retweet the First Tweet so it can reach to Larger Audience
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