Trader Ty

Applying strict probability and risk management to the markets. Trading is a business with one goal: consistent income.
Ego is lame 💁‍♀️.

[Trader Ty @Trader_Ty]

@SparkingFIRENC Mannnn, so true.

The whole point is if I get bored of something, I can just go do something else... a feature, not a bug.

[MARKET INSIGHTS! @IManghaila]

Trading is a psychological game. Most people think they are playing against the market, but the market doesn't care. You’re really playing against yourself.

— Martin Schwartz

[Trader Ty @Trader_Ty]

Some of my favs
📗📙📕📒

Financial Independence:
'The Simple Path to Wealth' - Collins
'The Little Book of Common Sense Investing' - Bogle
'The Psychology of Money' - Housel
'I Will Teach You to Be Rich' - Sethi

Trading:
'Trading in the Zone' - Douglas
'Japanese Candlestick Charting Techniques' - Nison
'The New Trading for a Living' - Elder
'High Probability Trading' - Link

[Trader Ty @Trader_Ty]

$KRE Regional banks look ready to go boom boom

[Trader Ty @Trader_Ty]

@Kimbroughski sheittt. That was a nice spot.

I'm not a frequent options guy but super tough holding in a name like this with mega volatility.

[Trader Ty @Trader_Ty]

$ASTS double toppy here. Too volatile for my trading style

[Trader Ty @Trader_Ty]

$STUB still in this position up just over 1R. Remains a beautiful set up.

As always could change tomorrow, but I have high hopes this IPO is turning. SL now to breakeven.

[Trader Ty @Trader_Ty]

ethereum:native

Continues to look bad and in a clear downtrend ... I would not be touching this currently

[Trader Ty @Trader_Ty]

System > Feelings

A lot of trading is being comfortable with the grind. Losing streaks and breakeven periods are part of the unavoidable variance all traders will experience.

Handling variance by remaining consistent with your processes and rules is a difficult psychological skill that is learned and improved.

Variance startles the unconfident trader into thinking something is wrong with their strategy. I'm still tested every so often but with experience it has become much easier to navigate.

[Trader Ty @Trader_Ty]

Downtrend continues here in bitcoin:native and currently in no mans land from a trading perspective. The fake breakout and falling EMAs leans bearish. What a mess this has been.

[Accidentally Retired @AcdntlyRetired]

This might shock you but...

I don't want to be filthy rich.

I ONLY want to own my time

[Palmview Capital @Palmviewcapital]

Remember:

$1,000,000 is $40,000 a year @ 4%

$2,000,000 is $80,000 a year @ 4%

$3,000,000 is $120,000 a year @ 4%

Make the sacrifices now to build income for life.

[Sunrise Trader @SunriseTrader]

Leave with this --> Take the chance. Not because it is safe, but because your future self is already waiting for you on the other side.

[Marсo | Not-Ideal Investor @b_co_co]

Nobody talks about this:

Median teacher salary → $67K
Median doctor salary → $239K

Per National Study of Millionaires:

Teachers: 5% of US millionaires.
Doctors: 3%.

Teachers: 401(k) from day one.
Doctors: 10 years late to investing. Then lifestyle gets in the way.

Do you still think it’s about salary?

[theficouple @theficouple]

Do whatever it takes to get $440,000 invested by age 38.

Even if you only invest $100/mo after that?

Good chance you retire with ~$4.6 million at age 65.

That's ~$230,000/yr of 100% passive income.

...Thanks to compound interest.

[Brennan Schlagbaum, CPA @Budgetdog_]

I used to pray for the life I live now.

Few are willing to take the risk required to earn it.

No boss.
More time with family.
Work you actually enjoy.
The freedom to spend a Tuesday however you want.

The life I have today exists on the other side of a risk I almost didn’t take.

Most people aren’t lacking ability.

They’re unwilling to bet on themselves long enough to win.

[Accidentally Retired @AcdntlyRetired]

No doubt about it:

[Sunrise Trader @SunriseTrader]

$QQQ daily updated chart to go with all the comments I have made in the last 3 days about the market. Just as I look for reversals at the bottom I look for temp top sticks. Lots of education on this chart. The charts always show us. We have to use our eyes and see it first. IMO this is a keeper chart.

[Accidentally Retired @AcdntlyRetired]

Growing up, we were taught that you needed more money to live your best life.

But it turns out that having the courage to live your best life is more important than any amount of money.

Nobody teaches us that part, so you have to figure that one out for yourself.

[Mark Palmer @MarketPalmer_]

"The first $100,000 is the hardest."

This is why:

Invest $583/month at 8%...

0 – 100k = 9 years 7 months
100k – 200k = 5 years 4 months
200k – 300k = 3 years 9 months
300k – 400k = 2 years 11 months
400k – 500k = 2 years 4 months
500k – 600k = 2 years 0 months
600k – 700k = 1 year 8 months
700k – 800k = 1 year 6 months
800k – 900k = 1 year 4 months
900k – 1,000,000 = 1 year 3 months