@TedHZhang Ted curious what your thoughts are on APLD? Built a higher low June 10th vs QQQs lower low and has held the June 15th low where QQQ and HUT haven’t. HUT is definitely the cleanest and most linear of the group like you said.
@CFlanders7 Implementing your progressive exposure / anti martingale strategy in this environment is a game changer. It has allowed me to keep my drawdown under 2%
I failed at becoming a pro golfer.
But working with Tour players and being behind the scenes at the U.S. Open taught me what it actually takes to succeed.
Here’s what I learned 🧵👇
You are the sum total of your habits.
The life you want won’t be achieved by declaring a resolution.
It happens when you take responsibility and show up every single day to take one small step in the direction of your dreams.
No days off from that step no matter how small.
It takes 10,000 hours to become an expert.
That’s 5 years of a 40 hour work week.
Yet most think they can master the market in a couple of months and be rich.
Don’t overestimate what you can do in a year and quit.
Don’t underestimate what you can do in 5 if you don’t quit.
🚨📈⛳️
I spend a lot of time with dreamers, I have one in town now.
There is nothing more inspiring to me than a guy chasing his dream to play professional golf.
People will laugh and mock and come up with every reason why these guys will fail, until one day they are playing on Tour.
I see the same dynamic on X with people telling you not to trade options.
Options are the greatest way to build a lot of wealth with a smaller account. With good risk management and hard work you can do it.
Just remember when people are telling you why you shouldn't, they are admitting why they can't.
Your results = your reasons.
If you want to chase the Tour, chase it, if you want to be and options trader, get after it.
The opinions of people who aren't doing what I want to do mean nothing to me.
I heard Aaron Rodgers say this morning someone once asked him.
"Why would you take criticism from someone who you wouldn't take advice from?"
I only take advice from people who are doing what I want to be doing and I have yet to have one of them tell me I shouldn't.
Have a great weekend, headed to the course!
A Best Practice Guide on Executing a Good Trading Strategy:
1. Look over your charts the night before and plan out your trades for the next day. This will allow you to focus on executing on the day of and keeping your emotions in check.
2. During the premarket, confirm your setups from the night before are still intact. No? Adjust or scrap the trade. If so, proceed as normal.
3. Before entering the trade, look at key support and resistance levels. Double check them against your risk to reward tolerance and make sure it's within an acceptable range (1:2 is the minimum).
4. Once you're in a trade, set sell orders at or alerts near your stop loss and profit taking areas and consider walking away. This will let your trade play out without overthinking.
5. Taking longer than expected? Review the chart periodically to make sure the trade is still intact. Yes? Leave it alone. No? Get out before your stop loss is hit and minimize your loss.
6. Once you're out of the trade, review it. Get as much data as you can so you can repeat what went well, optimize it for more profit, and avoid the mistakes in the future that cost you money.
7. Repeat.
You're welcome.
#TradingTips #TradingStrategy
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IMO going from paper trading to live bullets when the bell rings is like the guy who goes from the range to the first tee and right before he tees off says:
"I figured my driver out on the range"
"Fore"
I agree with Derek, practice, but get in the game quickly!
New to the trading game?
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