chartosopher

@cryptodogpound

[VMware Cloud on AWS @vmwarecloudaws]

Experience how VMware Cloud on AWS works in 30 mins for FREE. Check out what the lightning lab covers.

[The Factor Report @PeterLBrandt]

My trading has been ruled by the Pareto Principle. 85% of my career profits have come from 15% of trades. This means that 85% of my trades are throw aways. This means that my job is to allow the 15% become the 15% and apply aggressive trade mgmt to the 85%

[The Factor Report @PeterLBrandt]

When encountering a challenging trading period it is often best to slow down and become more deliberate rather than pressing the markets out of a desperation to regain lost territory.

[red @redxbt]

$ETH scalp short recorded showing what goes through my mind while scalping, 1.5 hours in 2 minutes. #pricelapse

[The Factor Report @PeterLBrandt]

Two ingredients for trading success:
-- Be long on patience
-- Be short on regret
🙂

[rae @cryptorae]

Gotta love when people apply value investor aphorisms to crypto and get killed because of it.

Being “greedy when others are fearful” makes no sense as stand-alone advice. Would you run against a crowd fleeing a burning building so you can loot it?

[. @StockCats_2009]

why are stocks going down?

because people are selling

why are they selling?

because stocks are going down

[Steve Burns @SJosephBurns]

The 17 Differences Between Good Trades https://t.co/knhSGo3qiJ

[chartosopher @chartosopher]

I just published “How To Stop Losing All Your Money Trading Crypto (4 Steps)” https://t.co/Epm3YroGLU

[The Factor Report @PeterLBrandt]

I follow about 60 different futures markets, forex crosses and cryptos. I trade an average of 1.5 times per week -- that amount to an average of trading each market one to two times per year.

[The Factor Report @PeterLBrandt]

Ppl ask me the success rate of chart patterns. WRONG QUESTION!!! I ask myself the following: "What are likelihoods that
1. I can quickly move stops to break-even?
2. A target will be met with minimum interruption?
The success rate of a pattern is irrelevant.

[The Factor Report @PeterLBrandt]

Win rate is the most over-rated and over-exploited trading metric existing. The metrics that matter are:
1. Max % of total capital risked per trade
2. Ratio of avg. win size to avg. loss size
3. Gain-to-Pain ratio (cume ROR of all trades/cume ROR of losses)

[Traderstewie @traderstewie]

When i was 23 years old and a young buck stock broker in late 90s... i recall one of the senior brokers at the firm had a sticky note on top of giant desktop computer that read: "You can always buy it back!"

[The Factor Report @PeterLBrandt]

Many traders obsess over being right and sounding smart. NOT ME. My obsession is to find entry points whereby I can move stops to at least break-even within a few days -- and let profitable trades take care of themselves.

[Cred @CryptoCred]

5 Errors that Blow Up Accounts 👇

1. Revenge trading

2. Never using a Stop

3. Constantly averaging down losers

4. Not having a plan (Risk/Entry/Exit/Stop)

5. Greed — risking too much/not taking profit

Plug these equity drains & increase your odds of being profitable.

🔑

[Michael Lamothe @MichaelGLamothe]

"You can buy too soon as well as too late. The idea is to buy when there is the least probability of a loss." ~William O'Neil

[Rayner Teo @Rayner_Teo]

Quit trying to trade every level on your chart.

Instead, pick a spot to trade where you'll earn big when right and lose small when wrong.

The result?

Less trading, less commissions, less mistakes, and a fatter bottom line.