PAT

Away

[PharmD_KS @PharmD_KS]

First and foremost both longs and shorts can be liquidated. We typically refer to a short liquidation as a short squeeze or cover rally but it’s a liquidation.

A liquidation (either way) leaves weak back side structure. There is no support/resistance on the most recent leg because the tape was fully one sided. This renders these moves (at least partially) readily retraced if there aren’t fresh initiative buyers/sellers stepping in to follow the move.

Additionally, a long liquidation can actually strengthen the market as it rinses out weak handed longs who (usually) entered at a poor location, and gives fresh and (hopefully) stronger buyers a chance to enter at better prices/location. Additionally, natural overhead supply from prior buyers is removed if they were already liquidated lower.

A short liquidation weakens the market as it rinses out late shorts who (probably) executed at poor location and gives fresh and (perhaps) stronger sellers a chance to enter at better prices. Additionally it removes demand below price as those prior shorts were already liquidated higher.

We just did both in the same session in a spectacularly violent fashion. This feels like a part 1 that I’ll continue later on

[🐌 Ike 🐢 @ForexIke]

Guys, if you can help, please do. He's got enough thoughts and prayers, right now he needs money to help navigate this unimaginable time.
Please help with anything you can.

https://t.co/KQx9GfQSIY

[Science girl @sciencegirl]

Each sphere is moving in a straight line

But watch
https://t.co/S9cqPYeDnV

[Chidanand Tripathi @thetripathi58]

If your Gmail shows Storage full and can’t receive emails, do this NOW.

I hope this helps you as it has helped me:

[Brennan Schlagbaum, CPA @Budgetdog_]

If you die without a plan...

- The government takes 40% in tax
- Probate court costs $100k+
- Your kids get the scraps

If you love your family, here's every document you need to protect them:

(from a CPA & father of two)

[Big Char Trades @bigchartrades]

THIS IS THE SOLUTION YOU'VE BEEN LOOKING FOR

You spend time studying, backtesting, yet you cannot understand why you can't execute in real time.

What you don't understand:

You are completely fueled by your emotions. During live trading hours, you make decisions that stem from impulse.

You see A+ setups as a mechanism to make more money, not as an A+ setup.

You are completely attached to your P&L, attached to your next payout, attached to everything that comes with taking high quality setups instead of the setups themselves.

You measure your trading success via your account balance Instead of measuring it via the actual trades taken.

This is why no matter how much you backtest, study, learn your model, you feel as if you know nothing.

It's not the model standing in your way, it's yourself. Your actions, decisions, and emotions.

The way you act on a daily basis on the charts, that's what's holding you back.

Nothing changes if nothing changes. The only solution to this problem is to make a promise to yourself and keep it.

No more "just one more trade," no more oversizing, no more P&L. Only good trades, regardless of the outcome.

I promise this will fix you.

[Afyz @XYJtrades]

Psychology from a student of mine/trader who made $134,000 today.

Here is one of the most important psychological tools / framework, he implements: Identity Creates Trajectory.

[Big Char Trades @bigchartrades]

Do these 5 things to get your first payout:

1. Get a singular account on a prop firm of your choosing. Everybody talks about max allo but you're wasting your money if you can't trade yet. Getting one account at a time will save you a lot of money, then once you prove to yourself you can trade, load up more accounts.

2. Learn how to identify an accurate DOL. If you don't know what this means, go watch YouTube and study. Finding a proper draw is the most important part of any trading model, start backtesting DOLs (not trades) until you get this right and then move on. Do not skip this step.

3. Now learn an entry model. Make sure you understand how to find a DOL and find a narrative for price every morning. If you get that down, the entry model is the easy part. Not going to expand on the entry model, everything is on my YouTube channel (although most entry models work in general).

4. Don't scroll social media, don't tune into anyone livestreaming, your first trading day should be you vs you. Remember, first thing is finding your DOL and narrative for price. Once you've done that, wait for your entry model to play out.

5. If your first trade is green, get off for the day, lock yourself out, you've won the day and you should pat yourself on the back. If your first trade is red, you can take a second trade. No matter the outcome of the second trade, you hop off the charts.

Now obviously there's a lot more that goes into this, but these are the basics and should help you 👍

[Mindset Machine  @mindsetmachine]

This speech will change your life:

[Casper @casper_smc]

Day trading will ruin your life

[Psyche Wizard @PsycheWizard]

5 truths you're too scared to hear:

1.

[Path of Men @PathOfMen_]

The choice is yours

[Path of Men @PathOfMen_]

For the next 6 months, Go monk mode.

No parties
Lift heavy shit
Chase a big goal
Stack piles of cash
Do daily focused work

And remove all cheap dopamine such as drugs, alcohol, and porn.

Watch your life change for better.

[Path of Men @PathOfMen_]

Get rid of porn addiction. it’s literally the only thing holding you back in life.

[Dear Son. @DearS_o_n]

Dear son,

[Dear Son. @DearS_o_n]

Dear son,

- Never keep long nails.
- Brush your teeth daily.
- Change your inner wear daily.
- Never wear dirty or torn shoes.
- Change your beddings weekly or every 2 weeks.

It pays to be responsible and disciplined.

That's how you get respect.