Learn the Markets

Focused on Creating the Next Generation of Traders. Posts are not investment advice.

[Learn the Markets @learnthemrkts]

Social Media has created this perception that trading is this 'get-rich' quick scheme and that it is SO easy!

The reality is that 99% of people don't understand the amount of work, dedication and discipline it takes to develop a skill like trading.

Learn to love the process!

[Learn the Markets @learnthemrkts]

Understand that profits are a by-product in trading!

They are a by-product of staying disciplined, properly managing risk and sticking to your system/criteria.

In the end you have to be able to detach yourself from the outcome and focus on executing your system.

[Learn the Markets @learnthemrkts]

When you see your edge present, execute.

Do not ignore the possibility of loosing that trade, because at the end of the day it is all about probabilities.

However, this should NEVER stop you from placing a trade.

If you took the time to develop a system, execute it!

[Learn the Markets @learnthemrkts]

Once I started to really understand market structure in relation to price action, there was really no need for indicators.

At the end of the day a good amount of the indicators you see out there are lagging; which means they wait for price to develop!

[Learn the Markets @learnthemrkts]

Remember that there is NO "Golden" Indicator or "Golden" Strategy.

There is ONLY probabilities.

In a game that is based off probabilities, loosing will inevitably be a part of trading, which is why there is no strategy that in the long-run will have 100% success rate!

[Learn the Markets @learnthemrkts]

KEY TRADING CONCEPTS TO UNDERSTAND:

- Candlestick Anatomy
- Market Structure
- Pivot Points/ Key Levels
- Supply & Demand
- Liquidity

Understanding these concepts is absolutely critical and will form the foundation for most strategies !

[Learn the Markets @learnthemrkts]

As a trader you MUST have the ability to brush off losses!

More importantly understand that losses are a part of trading.

Which is why Risk-Management is so important; it is not just about how much you make, but also how much you give back and are able to keep!

[Learn the Markets @learnthemrkts]

@TradingComposur Beautifully said!

Social media has created this false perception that trading is a get-rich-quick scheme; when it could not be further from the truth.

A lot of people would have a better experience learning to trade if they just expanded their time horizon.

[Learn the Markets @learnthemrkts]

Morning Pre-Market (PM) routine:

- Analyze how the Asia and London Session traded on $ES and $NQ
- Analyze my watchlist and how those tickers traded PM
- See if there are any relevant news or catalysts for that day

[Learn the Markets @learnthemrkts]

If you find yourself getting emotional whenever you are in drawdown, ask yourself these questions:

1) Did I take this trade out of impulse ?
2) Am I using more size than normal, if so why?
3) Could I explain to someone why I'm in this trade?
4) Did I respect my system and rules?

[Learn the Markets @learnthemrkts]

@BobaTrader A lot of traders overlook this principle.

There will be days where your edge will not be present and hence the market will not present any opportunity based on your system.

Staying cash and not taking a trade is STILL a decision!

[Learn the Markets @learnthemrkts]

@TraderDivergent Trade the plan NOT the P&L ($)!

[Learn the Markets @learnthemrkts]

There is no 'GOLDEN' Strategy in trading.

There is no 'MAGIC' Indicator that will trade for you.

One thing is shortening your learning curve and another thing is clearly cutting corners.

Understand the difference between the two, especially when your learning to trade.

[Learn the Markets @learnthemrkts]

$TSLA (Weekly TF)

While the entire market was making ATH's, $TSLA was trending to the downside.

For the past four weeks we've seen price action continue to hold above the D/Demand Zone.

We will be closely watching $TSLA in case we start building structure to the upside.

[Learn the Markets @learnthemrkts]

FIVE BIGGEST TRADING LEARNING LESSONS:

1) Trading is a game of probabilities and not certainties.
2) You don't have to trade everyday.
3) Risk Management is KING!
4) Journal your Trades diligently (Track your Data)
5) Learn to Loose !

[Learn the Markets @learnthemrkts]

Patience is absolutely critical in trading!

You need to be ok with the fact that you will show up somedays and the market will not present any opportunity.

There will be days where you WONT make money.

Understand that trading is all about probabilities and not certainties.

[Learn the Markets @learnthemrkts]

A lot of traders will come and go!

Very few are actually willing to dedicate the time and level of discipline that is required to learn trading.

Big reason why traders struggle with this is because social media portrays it as an 'overnight-game'. Which is completely false.

[Learn the Markets @learnthemrkts]

$AMD will be on watch for this Week!

We were able to see a shift of structure at $172.49, where price rejected a level that was previously respected as support.

We rejected both $172.49 and the Golden Zone on the FIB, which lined up right under $172.49 ( for confluence).

[Learn the Markets @learnthemrkts]

$GOOGL will be on watch this week!

We saw today's price action sweep the High made on 4/3 (purple line), however despite the rejection price action was still able to maintain structure to the upside.

[Learn the Markets @learnthemrkts]

@TraderDivergent You have to learn to enjoy the journey and the process!

If trading was really as easy as 90% of social media makes it out to be, everyone would be a trader!

The reality is that most people won't even dedicate 12-24 months to learn the skill, but will then say trading is a scam.