Kindredd @kindreddtrading - Twitter Profile

Pinned Tweet

about 5 years ago

🐧 Kindredd Monthly RECAP 🐧 🔸127 Trades Total 🔸26 Swings 🔸101 Daytrades 🔸79.99% Winrate (Lottos Included) 🔸Started with $10,000 (3/1) 🔸Ended at $49894 (4/1) #tradingview

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kindreddtrading retweeted

Steve Burns

@SJosephBurns

over 3 years ago

Trading As A Business To make money in the markets you need to be trading as a business. Hobbies cost money, businesses make money. A business has a plan, a process, and a system. A business has customers that it sells products to for more than their cost. How a new trader approaches trading and the markets will determine their success from the very beginning. So many people think of trading as gambling and that comes from their perception of traders just trying to guess and predict the direction of a stock or a market. If a trader randomly picks and chooses trades with no system or edge then that is a form of gambling. In Las Vegas there are gamblers that are making bets against the odds and their are businesses that take those bad bets, they are called casinos. Casinos are not gamblers, they are businesses, as they have table limits, and take the bets that are too their advantage. A casino makes its money with the mathematical edge it has over its customers, the gamblers. To be a successful trader operate like a casino not a gambler. It is crucial that a trader operates their trading like a business if they want to be profitable. Emotions, egos, and excitement are generally not good business practices and have little place in operating a good business. In trading, making money should be the primary goal, and must be kept at the forefront of a trader’s mind as a focus. Fun and excitement in trading can be expensive entertainment. The reality is that the majority of the time, good trading is boring. A trader must approach their market entries, exits, and position sizing like they would operating any other business, utilizing a disciplined process to grow their capital and be successful. 1. You can’t open your trading business to having capital at risk until you have a full system with an operating trading plan that has an edge. 2.Your business inventory is your current positions; you have to buy them for less than you intend to sell them. Whether it is buy lower and sell higher or buy high to sell higher there must be a gross profit expectation. 3. Your customers are who you sell to; they have to be willing to pay more than you bought your positions for. 4. Losing trades are the cost of doing business. 5. Liquidity is the most important fundamental for inventory, you don’t want to get stuck with unmovable merchandise. Trade where there is volume and tight bid/ask spreads. 6. Your trading psychology and mindset is the manager of your business; you can’t let fear, greed, or ego lead to an unprofitable error outside your system. 7. Your business must have insurance to manage risk. Stop losses, diversification, and hedges are your insurance against big losses. 8. Location is everything. You must conduct your business on a chart price level where there are ample buyers and sellers so you don’t get stuck with positions that no one wants. 9. Your current trading positions are like your employees. You are a good boss to keep the ones that are productive and produce profits, and fire the ones that are unproductive and lose money. 10. Expansion of your business can only happen after your first buying and selling location is successful. Once you have mastered a system of entries and exits you can add new markets and signals that also have an edge. 11. Your trading capital is your business. Lose all your money and you lose your ability to operate and are out of business. 12.The only reason to be in business is to make money. If you don’t make money, you need a new business plan. Trading as a business means operating inside a systematically profitable process. Trade like a business not like a gambler, hobbyist, or for entertainment.

SJosephBurns's tweet photo. Trading As A Business

To make money in the markets you need to be trading as a business. Hobbies cost money, businesses make money. A business has a plan, a process, and a system. A business has customers that it sells products to for more than their cost.

How a new trader approaches trading and the markets will determine their success from the very beginning. So many people think of trading as gambling and that comes from their perception of traders just trying to guess and predict the direction of a stock or a market. If a trader randomly picks and chooses trades with no system or edge then that is a form of gambling.

In Las Vegas there are gamblers that are making bets against the odds and their are businesses that take those bad bets, they are called casinos. Casinos are not gamblers, they are businesses, as they have table limits, and take the bets that are too their advantage. A casino makes its money with the mathematical edge it has over its customers, the gamblers. To be a successful trader operate like a casino not a gambler.

It is crucial that a trader operates their trading like a business if they want to be profitable. Emotions, egos, and excitement are generally not good business practices and have little place in operating a good business. In trading, making money should be the primary goal, and must be kept at the forefront of a trader’s mind as a focus. Fun and excitement in trading can be expensive entertainment.

The reality is that the majority of the time, good trading is boring. A trader must approach their market entries, exits, and position sizing like they would operating any other business, utilizing a disciplined process to grow their capital and be successful.

1. You can’t open your trading business to having capital at risk until you have a full system with an operating trading plan that has an edge.

2.Your business inventory is your current positions; you have to buy them for less than you intend to sell them. Whether it is buy lower and sell higher or buy high to sell higher there must be a gross profit expectation.

3. Your customers are who you sell to; they have to be willing to pay more than you bought your positions for.

4. Losing trades are the cost of doing business.

5. Liquidity is the most important fundamental for inventory, you don’t want to get stuck with unmovable merchandise. Trade where there is volume and tight bid/ask spreads.

6. Your trading psychology and mindset is the manager of your business; you can’t let fear, greed, or ego lead to an unprofitable error outside your system.

7. Your business must have insurance to manage risk. Stop losses, diversification, and hedges are your insurance against big losses.

8. Location is everything. You must conduct your business on a chart price level where there are ample buyers and sellers so you don’t get stuck with positions that no one wants.

9. Your current trading positions are like your employees. You are a good boss to keep the ones that are productive and produce profits, and fire the ones that are unproductive and lose money.

10. Expansion of your business can only happen after your first buying and selling location is successful. Once you have mastered a system of entries and exits you can add new markets and signals that also have an edge.

11. Your trading capital is your business. Lose all your money and you lose your ability to operate and are out of business.

12.The only reason to be in business is to make money. If you don’t make money, you need a new business plan.

Trading as a business means operating inside a systematically profitable process. Trade like a business not like a gambler, hobbyist, or for entertainment.

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kindreddtrading retweeted

MetaMigrants.x @metamigrants

about 4 years ago

Hey Guys! Meet MetaMigrants New Character Veterinarian Male👇 Which one is yours Favorite MetaMigrants Characters React With Comments 📝 ✅Join Discord For Whitelist spots 🚨https://t.co/MCmomEIkCV #MetaverseNFT #metamigrants #NFTs #NFTCommunity #NFTProjects

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Kindredd @kindreddtrading

over 4 years ago

Scalping Trading Strategy - 1 Minute Chart #scalping #trading #TradingView #Trader

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Who to follow

Wavist

@wavist_io

Own Your K-Culture RWA. Be the Wavist. 🌊 Global K-Culture RWA platform for institutional & accredited investors.

Vicecoordinadora del Grupo Parlamentario Morena, Diputada Federal, Madre de Familia, Mtra. en Administración Pública, Consejera Nacional de Morena y feminista

kindreddtrading retweeted

J.C. Parets

@JC_ParetsX

over 4 years ago

Gold hits new all-time highs (in Yen terms) https://t.co/HjaU5AoilI Also new 52-wk highs priced in Euro and Aussie Dollar $GLD $GDX $GC_F

JC_ParetsX's tweet photo. Gold hits new all-time highs (in Yen terms) https://t.co/HjaU5AoilI Also new 52-wk highs priced in Euro and Aussie Dollar $GLD $GDX $GC_F https://t.co/cQqqG5CHoq

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Kindredd @kindreddtrading

over 4 years ago

Swing Trading Strategy #swingtrading #stockmarket #TRADINGTIPS

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kindreddtrading retweeted

Kindredd @kindreddtrading

over 4 years ago

Swing Trading Strategy 50 EMA and 13 EMA #swingtrading #stockmarket #trading

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kindreddtrading retweeted

Michael C. Khouw

@Michael_Khouw

over 4 years ago

No man is an island, Entire of itself. Each is a piece of the continent, A part of the main... Each man's death diminishes me, For I am involved in mankind. Therefore, send not to know For whom the bell tolls, It tolls for thee. excerpt John Donne

Michael_Khouw's tweet photo. No man is an island,
Entire of itself.
Each is a piece of the continent,
A part of the main...
Each man's death diminishes me,
For I am involved in mankind.
Therefore, send not to know
For whom the bell tolls,
It tolls for thee.
excerpt John Donne https://t.co/06W8FaJBko

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kindreddtrading retweeted

Steven Strazza

@sstrazza

over 4 years ago

Here's how industrial metals stocks are doing $ARCH $AA $TECK

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Kindredd @kindreddtrading

over 4 years ago

Short Term Positional View #stockmarkets #TradingView #tradingstrategy

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kindreddtrading retweeted

Kindredd @kindreddtrading

over 4 years ago

Swing Index In Your Technical Trading Analysis #scalping #optionstrategy #SwingTrading #TRADINGTIPS #StockMarket #Bitcoin #TRADINGTIPS

kindreddtrading's tweet photo. Swing Index In Your Technical Trading Analysis

#scalping #optionstrategy #SwingTrading #TRADINGTIPS #StockMarket #Bitcoin #TRADINGTIPS https://t.co/dHJQhLbifu

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kindreddtrading retweeted

Options Action

@OptionsAction

over 4 years ago

Hey @VGKrules, here's the answer to your question $ATVI $MSFT

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J.C. Parets

@JC_ParetsX

over 4 years ago

are we gonna see something serious this weekend? or is #bitcoin gonna remain stuck below 41? I don't see anything to talk about from the long side unless we're above that key level. A ton of market memory there...