You can have excellent risk management and discipline and respect for market in #trading.
But if your read on tickers behaviors is terrible it won't do miracles. Formulating somewhat decent plan on ticker (read ability) is foundation for everything else. Yet it's the most difficult one to get right because it's the most outside of your control. Which is why there is such a hatred in trading communities for "predicting the moves". It takes a lot of effort to get anywhere decent at it.
People think trading is all about "knowing how to control yourself" which is nonsense as it's only half of story. As Sun Tzu said to win a war (not just battle) you need to know yourself AND the enemy well. You can't win a war just by being sole focused on yourself.
It's easy to study yourself. Studying enemy means usually studying the actions after you have taken the DEFEAT. Why? Because people do not study enemies when they just won easily. It's defeats that bring you to the thinking table to refigure things out. But if you aren't obsessed with market behaviors and differentiating them, you are not studying the enemy and it's ways.
Another thing that's highly common in 4th turnings is society fractures into multiple segments because control structure wants it that way to weaken resistance.
Current Israeli conflict is globally playing into that more than Ukraine one did. It's all part of the cycles path.
This is why you are seeing so many things popping up everywhere globally lately which are all splitting society (starting with covid) and opinions. Fracture, fracture, fracture so that the battles are fought between lower and middle class society members while the elites from above just observe the chaos. Otherwise if society is not split it starts to unify behind recognizing the same enemy behind most of the events happening and therefore mustering resistance against common cause.
This will not land on many ears now but it will in 5 years (if cycle sticks around). By that time censorship could already be so high it would be hard to pass messages like that anymore without getting blacked-out from social media.
#Israel #Palestine
@TradetheMatrix1 Trade the Matrix put out a new article a few hours ago. Decided to put it out on audio as it's great information. I personally like to listen to these a couple times on audio! https://t.co/inZ4lT5wug
9-5 jobs
Year 1 = 💵💵💵
Year 2 = 💵💵💵
Year 3 = 💵💵💵💵
Year 4 = 💵💵💵💵
Year 5 = 💵💵💵💵💵
Trading
Year 1 =
Year 2 =
Year 3 = 💵
Year 4 = 💵💵💵💵💵
Year 5 = 💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵
Don't give up at the first failure.
Ro Khanna, a US Representative, just disclosed two trades worth $10,000,000.
However, it wasn't his trade.
He said the trades were for his two children for a private hedge fund called ELT ASSOCIATES LLC.
His children are under 14.
Got into trading to make some extra money. Never realized the journey it would take me on. Emotionally. Spiritually. Psychologically. Didn’t know the amount of growth and work that was required to get a foothold in this game. Glad I kept on trucking. Don’t give up!
252 trading days per year:
$200/day = $50k/year
$400/day = $100k/year
$1k/day =$250k/year
$4k/day = $1M/year
Notice it doesn't take much to make big money!
CONSISTENCY is the KEY! Gains add up quick when u don't have wild big swings (losses). Stick to your plan/rules daily!
A big thanks to all for joining me over the the last two days for the free two day live trading boot camp!!! Hope you enjoyed!
If you missed out, I made the replay available to everyone for free as well. https://t.co/tmUjDloUWt to catch it!
Smash the like and I’ll keep dropping stuff like this for you all w Zero gatekeeping
I often get asked what my LEAST favorite strategies/setups are as a profitable long-biased small cap day-trader. I can unequivocally tell you BREAKOUTS of any sort are my least favorite. Multi-day breakouts. Intraday high of day breakouts. Pre-market high breakouts etc. Why? I have 100 reasons, but here are 3.
1. MOST small cap tickers are incredibly dilutive, especially in the wake of the '22 market conditions. Think like an institutional investor. If you had millions of shares that you need to dump, what would you need? Liquidity and demand. When do these stocks get them to the max? Breakouts. That's when! Hence an increase in supply at breakout levels.
2. It is one of the ONLY long strategies that is readily available and taught to retail traders. This makes it an EXTREMELY crowded and emotional scenario, which is why breakouts can be so psychologically stressful to play. MY BEST setups were NEVER taught to me, but rather developed through tracking and trading over time.
3. Risk/reward is generally terrible or hard to quantify.
Do i risk the b/o level? I will certainly be stopped if so.
Do I use a lower level? Maybe but maybe you are just trading a failed breakout at that point, and shorts have stepped back in. And IF the breakout fails completely it is the DEAD-TOP. Terrible scenario especially for those who struggle cutting losses.
Hit the like if this helped at all and if you would like for me to drop the other 97 reasons over the next few weeks, and then get into strats I actually do like!!😂
The 4th turning, generational crisis event in potential formation, blog article:
It is dark and possibly difficult read but current times require it. Writen for those who are already in the trenches of rabbit holes. The torch was passed by writing this.
https://t.co/KxnkBjCuQJ