@frenchiestonks Thank you for your sharing and transparency. I sometime feel nervous and look stupid when seeing many Finwit post their all winning trades in this rally. Reality is a top trade still face a choppy environment and got stopped usually in recent weeks.
@TheRRRGTrader I am nervous that the next year is so bad for swing trading that I cannot get enough gain this year to protect me from it. Trading is a harsh game even you have a good year. Haha
@TheRRRGTrader Hi Dolivent, I know your feelings. I am ๅฎๆ in your community. My portfolio is up over 90% this year but I still feel frustrated because I can reach 150-200% if fewer mistakes are made.
These are some of my favorite @Qullamaggie quotes.... Enjoy!
"This is the hard part: identifying a good setup, like a REALLY GOOD setup vs something that is random and mediocre. Because that is also gonna reflect on your results. If you trade random setups your results is gonna be random too. You want to find really find the outlier stocks."
" If you dont have any draw downs means you are not taking any risk which means you are not making any money."
"No one is going to roll out the red carpet for you. Like NOW is safe to make money. That is NOT how it works. There is ALWAYS something to worry about. But the key to successful trading is to IGNORE all those things. Ignore ALL the noise."
"The hardest thing to do; sit and do nothing. That is why you need to get a hobby. Get into sports, gaming, get a kid, get dog. That is your edge in a market like this. Doing things outside of the markets when the conditions are not favorable; that is and edge"
"The market is going to give you clues. It is all about listening, listen to what the stock is trying to tell you. We are NOT in the trading business guys, we are in the listening business.โ
"Our main job is not to trade. Our main job is to wait."
"If you are a swing trader there is nothing here to do, you may as well take the day off. Go study. Do something productive. The most important thing is to preserve mental capital. Stay positive. Stay healthy. Let most market participants wear themselves out; then when it is time you can come back and be aggressive. You are going be in a position of strength. That is how you win the game of trading; you have to do some things differently."
โI really dont see the value in other peoples opinions. I would rather listen to the market. The faster you learn how to really listen to the market, the sooner your suffering will end.โ
"Just trade well and the money will magically appear. Just trade well".
"I want a setup where I feel I almost cant lose"
"You cant sell simple things. People want complexity. Because people many times don't belive that simple is the best answer"
" If you are a new trader you should be selling at least a part of your position pretty quickly. Just lock in that profit. Build your confidence up. Get your equity curve to start moving in the right direction. Aggressively locking in profits and selling losers even more aggressively"
"I don't like random looking stocks. Because I know if I trade a random looking stock I'm going to have some random looking results. I want superstar results. That is why I only want superstar stocks and superstar setups."
"It is very hard to tune out all the opinions and news. But once you are in the markets for a few years you realise it is all bull shit. No one knows anything."
We just published our paper titled "The Power of Price Action Reading" I've been working for some time on this research project!
Intuition is one of the keys to unlocking the "2nd Layer" of trading, as I often discuss, and it is largely overlooked since it can't be measured.
In this paper, we demonstrate that integrating intuition and price action reading skills into the context of trading overnight gaps can significantly improve the profitability of a simple rules-based approach.
Some really cool technologies and software were developed and integrated into this study, thanks to @ConcretumR and https://t.co/RlTlDUjsJt.
You can read the full paper for FREE here -> https://t.co/VycG87OH5y
This is my first academic research publication, and I hope there are many more to come.
Hope you guys like it!๐