@JoseRNQ9@TheOneLanceB That image of 83% win Rate, I also could use paint to creat 90% win rate. If you don't provide also the Reward/Risk ratio or the Equity Curve or "Edge" as an average of Rs/Trade, that puny image is worthless, and he shoud know this.
CASINOS STAY OPEN 24/7… SOON, SO WILL THE MARKETS
One of the biggest trends I see accelerating is the increase of 24/7 trading. There is no stopping it. Within a few years I see most products being 24/7. Likely at the cost of health and well-being for traders.
Blue Ocean has been transformative for overnight trading and at the start of the year I was blown away by how much liquidity existed there. International clients are hungry to trade US stocks and US traders want around-the-clock liquidity as well. Since then Schwab and others are racing to be a part of it.
It doesn’t take a genius to understand why. If you’re the house, you make more money the longer you stay open. I’m just shocked this hadn’t happened sooner in 2020/2021.
This year we saw NYSE Arca seek to expand its trading hours and last week we saw the @SECGov approve 24X Exchange, an exchange offering round-the-clock trading.
IMO, this movement is not a good one for the health of us traders. Some of the best opportunities this year came overnight or at awful hours. Potentially profitable yes, also incredibly unhealthy and one of the reasons I foresee myself stepping away even more from the game. It is already hard enough to turn off and unplug.
Boundaries and knowing your limits will become even more important. Trading was already a young person’s game.
The biggest winners from this? The house (exchanges, brokers, etc) & the algos 🤖
Citadel, Jane Street, others, going to just print more money.
Those overnight trading sessions? Im gona be leaving it to you all! 😴🛌
A HOLISTIC LENS FOR OPTIMAL HEALTH & PERFORMANCE
My beloved health guru & best friend, Dr. Daniel Chille, hit it all!
This MUST-WATCH convo will shatter your 🌎 & leave you rethinking your norms. Take time to digest (😉), reflect, & share w loved ones!
https://t.co/J1SCsHcjta
RFK speaking on America’s current health problem will undoubtedly be the MOST important 2 minutes & 52 seconds of your day.
This is bigger than politics…
This is the future of our children.
Here are some of the scary statistics he drops:
• Young adult cancers are up 79%
• 40% of teens have a mental health diagnosis
• 18% of American teens have fatty liver disease
While this a major problem with children in America…
It’s even worse with adults.
As RFK says, ultra processed foods are the #1 culprit.
70% of American children’s diet is ultra-processed.
Meaning it’s filled with harmful chemicals, preservatives & additives that cause:
• Cancer
• Obesity
• Cardiovascular diseases
& much more.
Big food, Big Pharma & the corrupt healthcare system are all in bed together.
To keep Americans unhealthy & ill so they can profit off them.
It’s up to us to take our health into our own hands & teach our children how to do the same.
• Organic, whole food diets
• Regular exercise & activity
• Natural health supplements over prescription pills
This is how we begin to end this major issue.
So us & our children can live healthy long lives.
This is bigger than politics.
Attention victims of "we-fund-you" prop trading firms
There is an old saying about playing poker -- "If you don't know who the sucker is at your table, then you are the sucker."
If you are paying monthly fees to a "we-fund-you" 'prop' trading firm, then guess what? You are the sucker.
These firms appeal to your greed and feed you with the belief that you will only be a successful trader if you are trading a $50,000 or larger account.
Then they offer to "rent" you pretend money to trade pretend markets on a hypothetical pretend trading exchange.
These scammer prop firms promise to teach you trading skills and do all it takes to make you successful. They even parade out a few of their rare success stories, some of which are likely fraudulent.
Once they get their fish hooks in you it becomes like a narcotic. You become addicted to the idea that the next "renewal" cycle will be the start of a wonderful trading career.
The problem is that the rules these scammers set up are engineered like slot machines in Las Vegas -- a few random payouts will keep the suckers coming.
@FundedNext@FTMO_com@ApexTradeFund
are just a few of the scammers in this industry.
BTW, I hope this industry chooses to take me to court. This would give me the opportunity to force a legal discovery upon the industry that would forever reveal the wolf in sheep's clothing.
most frequently received question: "how do you pick your intraday S & R levels"
1. prior S/R on 30min charts
2. % of ATR
3. prior day's S/R
4. daily S/R
5. prices w/ large psych impact
🚨 AHORA: Camioneros da un plazo de 72 horas al gobierno para tomar medidas drásticas y concretas contra la delincuencia, de lo contrario paralizarán al país.
Esta noticia fue retirada de circulación. La ciudadanía ya sabe que fueron ataques concertados y no "espontáneos". La izquierda experta en cubrir y mentir.
#IzquierdaMiserableYTerrorista
#UnknownMarketWizards#Trading#Quote 22/170
There is a danger when people start thinking of charts in terms of forecasting. Charts are wonderful in finding specific spots for asymmetric risk/reward trades. That's it.
@peterlbrandt
https://t.co/N91FVgYCz4
October Trading Recap:
$396K Trading profits (see attached broker statement)
61.15R Month (I made 61x my risk) - this metric is more important than what I actually made, because what I make or lose is contingent on my "account size" and "dollar risk amount".
My Win/ Loss ratio = 2.11 -- My Avg wins are 2x more than my avg loser
Max Drawdown was about $30K (about 3.7R)
Best Setups
- Continuation Sell Off (got some solid midday continued sell offs)
- Exhaustion Squeeze
- Opening Sell Off
Theme of the market:
- Extremely bearish overall, so majority of plays were to the downside minus some days where has some heavy exhaustion reversals (typical during massive sell off periods)
Things I did well:
- Capitalized on the market read pretty well
- Scaled up my risk accordingly
- Allowed my trades to run and hit beyond my planned R
- Executed well, best win % month of the year
- Selective of trades
Things I need to improve:
- Somewhat became biased some days
- Led to my biggest trading loss of the month
- Being biased made it difficult for me to take an additional trade
- W/L ratio needs work 2.11 isnt the best especially with my R./ Win %. This means when i do take a loss, its bigger than it should be
- Didn't scale out, need to scale in and out better to build positions and take profit
Full YouTube breakdown being posted later today.
Stats by @TradeZella
#UnknownMarketWizards#Trading#Quote 17/170
The Friday close is the most critical price of the week because it is the price at which people commit to accepting the risk of holding a position over the weekend.
.
@peterlbrandt
https://t.co/N91FVgY4Jw