FAAS Charts

Peruano, Estudiante de los mercados de valores, Stock Trader / Ingeniero Alimentario.

[Mark Minervini @markminervini]

Yesterday is history. Tomorrow is a mystery. Today is a gift. That's why they call it the present. Words to understand and live by.

[James Roppel @Upticken]

🎲 CASINO REALITY: Don't trade the first 30-45 minutes. Strong opening moves often reverse within 45 minutes. I've learned to LOVE big gap downs in bull markets and CRINGE at gap ups. Counter-intuitive = profitable. https://t.co/Te3xPcaG2V

[Mark Minervini @markminervini]

I assure you that no matter how capable you think you are, you are actually 100x more. We all sell ourselves short. Some less than others. But the one thing we all have in common is limitless potential. But the one thing we don't all have in common is: some believe and others don't.

[FAAS Charts @FerAlarco88]

Con muchas ganas de que comience la mejor Conferencia de Trading del año.

[TraderLion @TraderLion]

We are excited to announce that the 5th Annual TraderLion Conference will span July 12-27

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[Shake Pryzby @ShakePryzby1]

If you zoom in too much, it’s easy to find many faults with this market. However, objectively judging price action and market internals, I am seeing more and more evidence that a new bull market may be under way. There will be pullbacks along the way, but in my view - buying opps

[Mark Ritchie II @MarkRitchie_II]

Respect for elders is essential to a good life imho. There's a darn good reason why it is literally a pre-requisite even in certain faiths/religions because some things can ONLY be learned with time & experience and I'm not talking about head knowledge but real wisdom.

I don't have a long list but there are a few traders who've had enormous impact on me (@PeterLBrandt is one) and the ONE thing they have in common (different asset classes, styles, levels of aggressiveness and even eras of trading) is they are OLDER than I.

When wise men speak I want to shut up and listen in hopes to becoming wiser. Any fool can open his mouth and give his opinion, and the ability to sit, listen and truly learn from out elders is a skill we should always be looking to improve upon.

[Steve Burns @SJosephBurns]

The 6 Key Trading Principles of Marty Schwartz https://t.co/hsiy4DACq8

[TraderLion @TraderLion]

It takes the best traders 5-7 years to find a system that works for them to ultimately become profitable.

Here are 10 lessons (from market wizards & hundreds of top traders) that will shorten your learning curve significantly:

[lampman @Sulsol4]

@RoyLMattox Get a ton of value from your content Roy, much appreciated!

[Richard Moglen @RichardMoglen]

I just posted my presentation on 10 lessons from Market Wizards and Trading Legends.

This synthesizes years of interviews into one resource that I hope you find valuable!

🔁 Please retweet to share! 🔁

https://t.co/GVPfvaJmMl

[TraderLion @TraderLion]

Stanley Druckenmiller hasn't had a losing year in his entire 4.5 decades as a trader.

He recently sat down for a talk that every retail investor/trader needs to listen to.

We've broken it down for you into 10 clips (covering TA, risk management, selling losers, & much more):

[Patrick Walker @PatrickWalker56]

The human heart is an amazing organ. This fist-sized pumping station weighs between 7 and 15 ounces. Daily it beats around 100,000 times and pumps 2,000 gallons of blood through the 60,000 miles of blood vessels in our bodies! “Guard your heart, for everything you do flows from it” #SundayMorning

[Mark Minervini @markminervini]

The grand majority of your problems trading will stem from breaking the following rules...

[Mark Minervini @markminervini]

It appears some of you are missing the point of this post. I am not saying that liquidity or the ability to move in and out means you should necessarily day trade. I'm saying it offers the ability to take advantage of big opportunities while still controlling risk very tightly... a principle I built my strategy and my fortune on. Of course, if you want to understand my views in more detail, I wrote several books on trading. Best wishes. https://t.co/aIIuGkvSLj

[FAAS Charts @FerAlarco88]

The Top 5 Mega Caps of the US Consumer Defensive sector have nice weekly charts.

[John Boik @monsterstocks1]

Some excellent points from Ed Carson of IBD tonight.

[Mark Minervini @markminervini]

DON'T ARGUE WITH DONKEYS

"The donkey said to the tiger:
"The grass is blue."

The tiger replied:
"No, the grass is green."

The discussion heated up, and the two decided to go to the lion, the king of the jungle.

Already before reaching the forest, where the lion was sitting on his throne, the donkey began to shout:
"His Highness, is it true that the grass is blue?"

The lion replied:
"True, the grass is blue."

The donkey hurried and continued:
"The tiger disagrees with me and contradicts and annoys me, please punish him."

The king then declared:
"The tiger will be punished with 5 years of silence."

The donkey jumped cheerfully and went on his way, content and repeating:
"The grass is blue!"

The tiger accepted his punishment, but he asked the lion:
"Your Majesty, why have you punished me? After all, the grass is green."

The lion replied:
"In fact, the grass is green."

The tiger asked:
"So why are you punishing me?"

The lion replied:
"That has nothing to do with the question of whether the grass is blue or green. The punishment is because it is not possible for a brave and intelligent creature like you to waste time arguing with a donkey, and on top of that come and bother me with that question."

The worst waste of time is arguing with the fool and fanatic who does not care about truth or reality, but only the victory of his beliefs and illusions. Never waste time on arguments that don't make sense... There are people who, no matter how much evidence and evidence we present to them, are not in the capacity to understand, and others are blinded by ego, hatred and resentment, and all they want is to be right even if they are not. When ignorance screams, intelligence is silent. Your peace and quietness are worth more."

[John Boik @monsterstocks1]

Legend William O’Neil on the 5 market books he mentioned that had the most impact on him.

[The Factor Report @PeterLBrandt]

This is my 50th year trading futures markets.
Here is a greatly abbreviated list of the lessons I have learned (many lessons more than once)
My perspective is as a discretionary chart-based trader
1. A trading plan is not complete unless it provides contingencies for all known possibilities
2. A trading plan is incomplete unless is cuts losing trades quickly and allows winning trades to grow
3. I might think I know where a market is headed near-term, but in fact I don't have a clue
4. The trades I most want to believe are often the trades I least want to own
5. A trading plan is useless unless you repeatedly pull the trigger -- if you can't do so, then it is your head/heart/guts that are broken, not your trading plan
6. Depending on circumstances, I can be either left or right brain dominant. The battle between left and right brains for the grey areas of my thought process is often when trading is most frustrating, but also where I can learn the most about myself
7. Learning about self through trading is important, because successful trading is mostly a function of preventing self-sabotage
8. There are old traders and there are bold traders, but there are few old, bold traders
9. Forget being a consistent big-time winner until you learn to excel at losing
10. It is best NOT to pay attention to an account balance during a really profitable run
11. Open trade profits do not belong to me so except for filing taxes I do not track this data
12. ROR and Sharpe are the two most meaningless performance metrics on the planet
13. The 10X, 20X et al moves in crypto are a once-in-a-lifetime experience. Younger traders should not expect repeat performances
14. Trading rules, especially the specifics on indicators, CANNOT be optimized. Sorry
15. Trading is best treated as a marathon, never as a sprint
16. For a trader with less than five years of experience, your worst drawdown is the one that has not yet occurred
17. Many many more

[TraderLion @TraderLion]

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