Good hack on Price Action !!
As always nobody asked me to share this video but found interesting & may help in your technical analysis.
Video credit: Channel #TradingLab
Time to time I share limited but useful video related to #Trading so that you can be #SelfEnabled !!
I want to take a moment to speak directly to my good-hearted followers. I love you, and I truly wish the best for you.
There are two lies you should never let anyone convince you of:
1. “The best opportunities are gone. It’s different this time.”
That’s one of the biggest loads of bullshit ever sold. There are always opportunities. Very little actually changes—only the names of the companies and the players. In fact, it’s never been easier to build wealth in the stock market and in the world at large for those willing to learn, adapt, and execute.
2. “You’re incapable or unworthy.”
That lie is even more destructive. There was a time when success was largely reserved for the blue bloods—yet even then, rags-to-riches stories thrived in America. Today, more than ever, the playing field is leveled and the possibilities are limitless. You are not only capable—if you apply yourself, you are probable. The odds are in your favor, but only if you learn how to play them and stop engaging in self-defeating behavior. It all starts with believing you deserve success and believing you are capable—because you do and you are. But be patient with yourself. Great things and great talent take time to develop.
Bottom line: The past is dead, the future hasn't happened yet. What you do today is what counts. Forgive the past and commit to doing the work necessary. You are here for a good reason. Get to work, and stop listening to those who discourage you. The only people saying "it can't be done" are those who never did it themselves.😇🙏
Qullamaggie on How Long to Go from 5k to 1 Million
“How did you go from 5K to 1 million? 7 years. 8 years? No, no. That’s for losers. I think I did it in… you know what? I’ll check.
So, let’s see from 2013. So, my accounts—like, this is after tax and after commissions and after living expenses—so my accounts were actually 9K in May 2013. That was the turning point for my trading. May of Fannie Mae happened in 20—I was down like 50% on the year, and that was the turning point.
So, May 2013, I had 9100 in my training accounts. And let’s see when I did hit one million here. January 2018, I hit 1.4 million.
So, somewhere in December 2017, my account reached 1 million. So, about three and a half years to get from 9K to 1 million.”
“Like, if you have a small account, guys, it’s not hard to make a few hundred percent per year. It’s not hard if you have a small account. Like, really.
You can make it if you’re a short-term swing trader. You can make most years probably a couple of hundred percent. And that’s the thing: you won’t have a small account after a few years. That’s the beautiful part.”
Mark Minervini struggled 6 years before turning consistent. Nicolas Darvas spent years of mistakes before his Box Theory clicked. Richard Dennis took 4 years to turn $1,600 into $1M. Dan Zanger started seriously in his 40s & made $40M.
Struggle years aren’t wasted. They’re training years.
Don’t quit. Your breakthrough might just be one more year, one more trade, or one more lesson away.
#Trading
@Vismaya9999 Universal truth, and this is exactly what motivates the big sharks and takes them to the next level, some think it's an over desire in reality it's the survival to be in the chain.