People will spend a 1000 hours trying to make passive income and those same 1000 hours put to making active income would make them more than the passive income would ever make over the rest of their lives.
The people who have the most passive income start with high active income.
You've gotta have stuff to invest first - and - the ability to lose as you learn.
Don't believe the lie. A few get lucky on passive income schemes. But no one gets rich.
Except for the one promoting them (which is their active income - surprise).
If you haven’t watched “Trading in the Zone” by Mark Douglas, you’re missing the real foundation of trading.
Just 22 minutes.👇📊
But it can change how you think about the market forever.
Because your real advantage isn’t on the screen, it’s in your psychology. 🧠
There is actually only one way to improve your relationships with others: you look at yourself in a mirror, you listen to yourself with critical ears, you face all your flaws objectively, and you start improving yourself until you attract who you deserve.
When you're old, you'll think of today as the good ol' days...
But not because they're better, but because in retrospect we exaggerate the good and forget the bad.
And if you're gonna do that eventually, you might as well do it today.
Your past is not a life sentence. It doesn't define who you are today. So keep the wisdom, remember the lessons, and leave the rest. Don't stay stuck. Keep going! 🧘♀️✨
If you want to tap into your true potential as a human being, unlock the best part of you; unlock the love in you. Say the kind words that you find hard to express emotionally. Tell your family and friends how much they mean to you and how much you love them. Express kindness for no reason other than making someone else's life easier and happier. Convince someone they are not alone in this world. Inspire someone to do things they thought weren't possible. Inspire someone to believe in themselves. True success transcends money; it comes from a human experience. Always circle back to your natural state, which is love. You don't find success... you live a certain way and success finds you. 🙏😇
Don't overthink how to attract the right people into your life, walk alone whilst studying from the best, map your physical and mental frontiers, clarify your goals, become someone who can get things done: within a few years, you'll already be walking alongside the right people.
7 Technical Analysis Principles:
Focus on price action over news. Watch market reactions. Keep charts simple.
Strategy: Use 4-5 strategies, mainly momentum-based. Diversify across markets and timeframes.
Risk Management: Never over-leverage. Know when not to trade. Maintain strict position sizing.
Psychology: Control ego. Best trades often lack confidence. Avoid assuming special market insight.
Performance: Journal every trade. Track strategy results and market conditions. Build edge through data analysis.
Success Keys: Balance win rate with profit. Use sustainable risk controls. Document process. Review regularly.
Remember: Price shows supply/demand balance. Trading needs business mindset. Stick to your plan.
William O Neil’s most famous CANSLIM method which works beautifully -
My notes back from 2017 👍🏻 ignore the bad handwriting 😂
C-A-N
S-L-I-M in the tweet below
@Nithya_Shrii Real Gs moves in silence.
The lowkey blueprint:
• Drive modest cars
• Dress simple, stay clean
• Never flash cash
• Let others talk
• Keep wins private
The rich don't flex.
True power needs no announcement.
Follow me for more daily truths. 💯
Are you a real man?
Real men are honest and loyal
Real men keep their word
Real men are faithful to their wife
Real men take care of their family
Real men speak truthfully
Real men treat people equally with respect
Real men love and honor their country
Real men are humble and grateful
Real men have purpose
Real men know how to love and be loved
Real men are not petty
Real men do for community and humanity
Real men have integrity. They are committed to doing what is right. They are respectful and responsible, and they have a strong moral compass.
Using Market Action To Define Your Timeframe
To push for performance in the markets, you have to take advantage of when the market is really strong... and recognizing when it’s strong isn’t the hard part for most traders.
The difficult part is realizing when market conditions aren’t at their best, but not at their worst, and then aligning your timeframe accordingly.
What do we mean? ↓
—
If you define yourself as a position trader — your intention is to hold stocks for many weeks/months (in a good market).
If you’re a swing trader, you’re looking to hold stocks for days/weeks (in a good market).
But what if the market’s action is just okay and it doesn’t allow you to stick to your plan? Do you abandon your timeframe?
Yes.
You don’t want to be in a position that’s up 25% in 5 days, and then the market goes bad, but you don’t listen & continue to hold because you define yourself as having a longer timeframe. This mindset makes no sense. You’ll lose all open profits & progress on the account simply because your timeframe doesn’t match the market’s action.
You have to adapt.
—
How do you adapt? We’ve found success using two moving averages & the guidelines below:
1) Market below 50D
Here we’re in a corrective state or weak one at best. Your long trades should be ‘short term’, meaning you’re not holding for more than 1-2 days. Most trades are probably even day trades. If you’re wanting to stick to your position trader identity, you shouldn’t be trading in this environment.
2) Market above 50D
Here the market is in a longer term uptrending state, and you can look to initiate swings with the intention of holding for 5-8 days. A lot can change over that timeframe, so be sure you’re tracking market action nonetheless.
3) Markets above 21D & 50D
You can let the best performing 5-8 day swings turn into position trades. When the market is above the 21 & 50Ds, it’s the strongest! Let a rising tide lift all boats. Take a step back, be patient, don’t get caught in the day to day as long as the general structure is holding.
—
You can shorten these moving averages as well, like using the 21-day and the 10-day as your market strength gauges.
If we're above the 21-day, all is good. Above the 10 and the 21? You're allowed to be aggressive, with increased sizing & an increased number of positions in your portfolio.
In the chart below, we're using @Deepvue's Market Cycle indicator, which plots the days in which we're above/below the 21-Day (you can change the reference point in settings, as well as the ticker).
You can see that to end 2024, we had 2 very strong periods above the 50, 21, and 10-day MAs. This is when you should have been pushing for performance — sizing higher, with more positions, taking what the market is giving you.
17 days ago, that environment changed completely on a loss of all 3 MAs in a single session. Since then, it's been quite hard to make progress on a broad level, and it's no coincidence (if the market isn't behind you, what is?).
—
So what are the key takeaways?
1) You must have a market cycle system that determines your timeframe.
2) Fighting against the market (trading in downtrends, not sizing or trading enough in uptrends) will negatively hurt your performance. No question about it.
3) Use either the 10 & 21-day MAs, or the 21-day and 50-day MAs as your aggressiveness guide. Completely take the guesswork out of it!
🦁