I spent years in supply chain before going independent. Now I trade options using a system I built myself.
No guess work. No emotional trading. No "trust me" picks.
Measured approach using a set of rules for each stock options trade. I created an SOP to monitor my trades (1/5)
Took me seven years to figure out the market doesn't owe me anything. Once I stopped expecting it to, my trading changed. Run your account like the business it is. Issue 9 has the framework: https://t.co/UufKZJvLgp
Issue 9 dropped this week. The employer mindset and why most new traders blow up — not because of strategy, but because of mentality. If you missed it: https://t.co/UufKZJvLgp
Want a hot pick? I'll give you something better: a process you can repeat for the next ten years. A pick stops you out of bad setups. A process keeps you in good ones. https://t.co/UufKZJvLgp
Three tickers worth tracking this week: $CPAY ($333.08 resistance), $AVGO (20-day MA hold), $ORCL (early base forming). None are full setups yet. All are trending toward one. That's what a watchlist is for.
If you only learn one chart skill, learn this: a moving average isn't a signal. It's a level. When price bounces off it, that's the signal. The 20-day MA is the closest thing to a heartbeat a chart has.
Sunday morning routine: review last week's trades, update levels on every watchlist name, write one paragraph on what I'm watching Monday. The week is won before the bell rings.
The first watchlist I ever built had 47 stocks. I traded nothing well. The lesson: a watchlist is a focus tool, not a hoarding tool. Three names. Three setups. That's the week. Issue 9 has mine: https://t.co/UufKZJvLgp
Tickers expire. Pattern recognition compounds for the rest of your life. Most education tells you what to buy. The good education teaches you how to see. https://t.co/UufKZJvLgp
Pick three stocks tonight. Mark ATH and PATH. By Friday, you'll spot a setup before your feed does.
Full chart breakdown in issue 9: https://t.co/UufKZJvLgp
Two abbreviations every trader should have on their chart: ATH and PATH.
Most traders don't know what PATH means. Once you do, you'll spot setups in 30 seconds instead of 30 minutes.
Quick thread on how to use both:
$AVGO right now: $425.19. ATH at $442.21. PATH near $414. Price is between the two — basing. Bounced off the 20-day MA Friday. That's a setup forming, not a setup to chase.
PATH = Previous All-Time High. When a stock pulls back, that level often becomes support. A price floor traders defend. Mark it on your chart and the next setup is half-built before the bell rings Monday.
Saturday morning: I pull up TradingView and mark ATH and PATH on every name in my watchlist. Two horizontal lines per chart. Twenty minutes total. Best return on time I get all week.
Spent five years trading without writing anything down. Five years of repeating the same mistakes. The week I started journaling, my edge showed up. I could finally see it. Start tonight: https://t.co/UufKZJvLgp
Friday close routine: write down every open position, every key level, every catalyst for next week. Takes 20 minutes. Saves a dozen bad decisions on Monday. Issue 9 walks through mine: https://t.co/UufKZJvLgp
FinTwit will tell you the market is rigged. The market is just price. The rigging is the noise between your ears. Mute it. Trade the chart. https://t.co/UufKZJvLgp
$CPAY closed last week at $328.38, sitting just under the $333.08 resistance. Watching for three full green 4-hour candles above that line. Not one push. Not a wick. Three closes. That's the trigger.
Friday is the most useful trading day of the week. End-of-week closes set support and resistance for the next five sessions. The candle that prints today is the level you trade against Monday morning.