trevor

building a charts database

[trevor @chartsdb]

Don’t confuse a successful outcome with a replicable process

[Leif Soreide @LeifSoreide]

It’s easy to watch market veterans make a fortune and think that’s the blueprint to follow, but don’t confuse a successful outcome with a replicable process.

Averaging down on margin into a binary earnings event is a fast track to the risk of ruin for 99% of retail traders.

Even when your thesis is right, the market can still sell off hard because the good news was already priced in (see $RDDT recently vs $AMZN). Market wizards might have the bankroll, experience, or luck to survive drawing down that deep. Most of us don’t.

Admire the spectacular win from the sidelines, but don’t try to replicate that level of risk in your own account.

[trevor @chartsdb]

study A+ setups

[Kyle @kyletrades_]

All you need.

Takes LOTS of study to get there.

[trevor @chartsdb]

duolingo is a gamified anki deck

[trevor @chartsdb]

moving averages seem way more reliable than the random lines I've been drawing

[trevor @chartsdb]

build the company you want to work for and hire the people you want to work with

[trevor @chartsdb]

if you missed out on the @Qullamaggie streams, check out @martinlukkt https://t.co/3fNd0G8tkS

[trevor @chartsdb]

stocks before entries

[iain @ohiain]

I wish someone had slapped me in the head a few years ago and told me how important building a watchlist was.

I used to spend hours looking for the "perfect" entry. I'd zoom into the 1 min chart, wait for the exact candle sequence, the exact level reclaim, the exact tick... all while I was buying complete garbage.

The funny part is I'd nail the entry, and the stock would still go nowhere because it was never a strong name to begin with. And now, I don't stress about entries nearly as much.

If I have a stock that's sitting in one of the strongest groups, holding above its moving averages, showing relative strength, and being accumulated by institutions... I know I'll probably get multiple chances to buy it. Maybe it's a pullback to the 21EMA or a tight 3-day flag. Maybe it's an undercut and reclaim.

I probably spend 90% of my time building my watchlist and 10% actually trading it.

Because at the end of the day, I'd much rather have a B+ entry in an A+ stock than an A+ entry in a C stock. Subtle shift, but it changed my trading for the better!

This is just the tip of the iceberg.

[trevor @chartsdb]

@Jackkk Teach stage analysis, risk management, and horizontal setups

[trevor @chartsdb]

Duolingo for traders

[Jack @Jackkk]

Ansem shares a genius idea to get millions of people into trading

“The same way there's Duolingo for learning languages, there should be something like that for learning how to trade”

“One of the reasons people shy away from trading is they think it's too difficult to learn. They kind of shy away from finance in general”

“There's only a small subset of people that think it's interesting to learn about but if it was more attractive to the average person… anybody could learn how to trade”

“There's nothing that prevents somebody with zero knowledge about trading to learn how to trade. It's one of the easiest things you can teach yourself”

[trevor @chartsdb]

@FullCreemeMilk @TechCharts @PeterLBrandt Well said. I think I’m slowly moving in this direction as well

[trevor @chartsdb]

Not doing this anymore. Now I run a skill in claude code that auto-ingests charts from x using the api and adds them to a database

[trevor @chartsdb]

@danpeguine I have a similar workflow but I go through the bookmarks manually still and copy them using the obsidian web clipper. Are you using the X api for this?

[trevor @chartsdb]

Effectively parsing the timeline is a superpower

[trevor @chartsdb]

@danpeguine I have a similar workflow but I go through the bookmarks manually still and copy them using the obsidian web clipper. Are you using the X api for this?

[trevor @chartsdb]

What are people using these days to build their charts database?

[trevor @chartsdb]

@FullCreemeMilk @TechCharts @PeterLBrandt Your charts are very clean. I noticed you don’t use any moving averages or volume in your screenshots. Do you primarily focus on horizontal levels?

[trevor @chartsdb]

@4xuemy @PradeepBonde That’s great. Sounds like you enjoy it! What are you using to build your database?

[trevor @chartsdb]

@4xuemy @PradeepBonde If not trading, what have you been doing for the past three years to learn trading? I’m curious

[trevor @chartsdb]

@PradeepBonde Not a bad idea to learn to wear a condom first though

[trevor @chartsdb]

https://t.co/ptJsUhrkfs

[trevor @chartsdb]

I have discovered myself in life and know who and what I am

[Ian Cassel @iancassel]

Russo isn’t his real name, but built his trading account to $500 million on his own and now devotes a lot of time to philanthropy. Here is a letter he sent his parents when he quit school to go all in on trading even after blowing up his account a few times.

From Market Wizards