My #ADX/DMI Setup: How I use ADX/DMI
👉 What is ADX
👉 ADX/DMI 25 Magic Level
👉 ADX/DMI Strategy
👉 DMI to determine TREND DIRECTION
Learn with #Equity4Life
Don't jump on it, required lots of PRACTICE on it with #PriceAction (Zig-Zag). I use & practice ADX+PA since 2013.
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The strongest stocks never revisit their breakout-level.
The strongest stocks break out before the indices.
The strongest stocks rally on increasing volume.
The strongest stocks consolidate while the market corrects.
Watch for the strongest #stocks! Only trade the #best!
@alphatrends@jonnajarian@chicagosean brian... that was awesome.. searched for ur book. but couldn't get it in India. even the kindle.. is there any copy ?
@scorpiomanojFRM It was once said.. Good traders exit with stop loss.. But grear traders reverse their positions.. when their view changes... This is an example & my reply who trolled him
Why a trader loses money in #trading:
1) No plan
2) No stop loss
3) No backtested strategy
4) No education
5) No patience
6) No time
7) No discipline
8) No willingness to learn
9) No mindset work
10) No mentor
What else?
@BlogJulianKomar
Your stop loss and position size determine your risk, your profit target determines your best possible reward. Your risk/reward ratio determines what your win percent needs to be for profitability.
#Trading Amateurs vs. Professionals
Amateurs:
1) Money oriented
2) Let losses run
3) Take profits too soon
4) Ignore mindset
5) Ignore mistakes
Professionals:
1) Process oriented
2) Cut losses short
3) Let profits grow
4) Work on their mindset
5) Learn from mistakes
What else?