KING👑

[KING👑 @Leveragedking]

@Qullamaggie kristjan is back!
Market is roaring!!

[KING👑 @Leveragedking]

@TechCharts sir, tell us something about position sizing. How much should be into per trade as percentage of total portfolio? Is there any empirical evidence of optimal position sizing.

[FT Alphaville @FTAlphaville]

China’s Japanification https://t.co/6LAzWqGAEf

[Matt Caruso, CFA, CMT @Trader_mcaruso]

We are all wired to view things with a negative bias, and that's why fear is stronger than greed. I've found that optimism is one of the most important assets I've had when trading. Yes, it sounds like a soft skill that doesn't matter in a rough and tough business, but it is vital and needs to be practiced in order to keep it going.

I don't believe markets are efficient, but they are probably pretty close to it. That means you will be wrong a lot. That means most outcomes are about 50/50, and if you want to hold your winners and cut your losers, then it is only natural that more stocks get stopped out, resulting in a less than 50% win rate.

On paper, everyone can say they understand and accept this and that it won't bother them because, ultimately, the system will be profitable... but here is where optimism needs to step in.

We are all wired to give priority to fear because it is a safety mechanism for life. However, that same useful mechanism will come knocking when the number of losing trades exceeds winners, or when a long or deep drawdown shows up, or when a big winner finally shows up, and you risk losing that hard-fought profit.

But it's even harder than that. Everyone usually has a negative bias, and you will relentlessly hear people speaking about the next big market crash, scam company, or that trading doesn't work. You will be constantly challenged to stay on course. Now, how do you do that if you aren't optimistic about your future and your abililty? You won't. You'll quit. Did you ever see someone finish a challenge that they said they know they can't complete?

Optimism shouldn't be confused with blind faith. There will be bear markets, scam companies and your investing system may not ultimatley work, but you need to have the view that these obstacles can be overcome. This is a skill that needs continuous practice. You need to visualize difficult times and plan how you will react to them and how you will maintain control of your mindset.

#DailyTrader

[KING👑 @Leveragedking]

@TechCharts please do a litecoin chart. It is looking so ready to explode with a 5 month consolidation.

[KING👑 @Leveragedking]

@PatrickWalker56 It's a different setup from trade you usually take the base breakout.

[Bill Ackman @BillAckman]

Jamie Dimon is one of the world's most respected business leaders. Politically he is a centrist. He is pro-business and pro-free enterprise, but also supportive of well-designed social programs and rational tax policies that can help the less fortunate. He is extremely smart, thoughtful, and pragmatic, and he knows how to bring opposing parties together. He is highly respected by the Right, the Left, and the Center.

Jamie is beloved by his 240,000+ employees, highly respected by our military as well as by the global political and business leaders that matter. He has superbly managed @jpmorgan through every crisis, and has built the world's best, large, global financial institution working for clients from startups and mom and pops, to global institutions and countries.

Our country is at risk with $32T of debt with no end to massive deficits in sight, heading into a recession at a time of great political uncertainty. We need an exemplary business, financial, and global leader to manage through what is likely to be a critically important decade for our country in determining our destiny.

Jamie Dimon is that leader.

Jamie is of exemplary and unimpeachable character. He is a no bullshit, straight-talking, charismatic leader with an enormous grasp of the world's issues and how to address them. He is a great communicator that makes everyone who hears his words feel respected and inspired. He has enormous energy, vigor, and drive.

He is a wonderful father, friend, husband, and son. In sum, he is the kind of person our country deserves as our next leader. And clearly he is thinking about running:

https://t.co/ucE7a6T2D5

I can't imagine a better time for him to do so.

@POTUS is extremely weak and in cognitive decline. 70% of Democrats don't want him to run. Biden's weakness sets up a large opening for a qualified outsider to run as a Democrat.

Jamie can beat Biden in the primary and @realDonaldTrump in the general election, but he needs to start now and build name recognition among the broad electorate. He will easily raise billions of dollars from Democrats and Republicans to fund his campaign, and he knows how to build support.

Each year, Jamie gets on a bus and travels around the country meeting with tellers, branch managers, and other employees to spread the culture and inspire the JPM team; great preparation for a presidential run. He will also be incredible on the debate stage.

And there is nothing more for him to achieve at JPM. He has already been crowned the world's best banker. JPM stock will go up even more when he becomes POTUS as he can do more for the bank and our economy as President than he can as Chairman and CEO of JPM. The bank will be in great shape since he has built a deep succession bench that is more than ready to step up.

There is only one better job for Jamie than CEO of JPM and that's POTUS.

Jamie just needs a push from people he respects and from the broader electorate. If you agree that he should be our next POTUS, give him a call, send him an email or go see him, and like and retweet this tweet.

This will be one of the most important elections in our country's history. Jamie is more likely to run if we build a groundswell of support for him. Let's do our civic duty and make it happen.

Our challenges as a nation are largely due to failures of leadership. America needs and deserves great leadership and we need it now.

[KING👑 @Leveragedking]

@markminervini Rest in peace legend.

[KING👑 @Leveragedking]

@RealVision He just needs the liquidity.

[Julian Komar 🚨 Market Update Premium @BlogJulianKomar]

Top 5 trading rules 👇

Rule #1: Manage risk
- Have a stop loss for every position. Max. 7% for me.
- Limit position size. Max. 30% for me.
- Limit amount of positions. Max. 8-10 for me.

Rule #2: Trade only with an edge
- Have clear criteria when you trade and when not.
- Know your hit-rate & avg. win / loss

Rule #3: Buy slowly into a positions
- Buy 50% at the pivot and 30% 1-2% higher, 20% 1-2% higher again
- Reduces risk if stock fails to follow through

Rule #4: Know exactly what you are looking for
- Trade only stocks which met your criteria
- Become a specialist in a single type of trades
- Don't deviate from that

Rule #5: Manage yourself
- Be aware of your emotions
- Manage your stress
- Have a clear understanding that creating the desired outcome needs time
- Have a clear process

[True market Leader @TmarketL]

Mark Minervin book recomendations

[Aksel Kibar, CMT @TechCharts]

#CLASSICAL #CHARTING reference books that should be available in every library. I refer to those for knowledge and inspiration.

[Daniel Mahncke @MnkeDaniel]

Mohnish Pabrai is a successful investor and an avid reader.

He taught himself how to invest by reading books instead of going to business school.

Here are 7 books he studied to learn investing👇🏼

[Aksel Kibar, CMT @TechCharts]

Must have reference books on #classical #charting.

[AntonKreil @AntonKreil]

Start this week in the correct mindset

[Alf @MacroAlf]

Five rules not to suck at managing money.

A thread.

1/

[Thomas Chua @SteadyCompound]

Many great investors' thinking was shaped by Warren Buffett's wisdom.

You can learn more about investing from his letters from 1977 to 2021 than from any business school.

Here are the key insights:

[Alf @MacroAlf]

All they told you about money printing is really, really wrong.

Let's dig into how our monetary system and money creation work.

A thread.

1/

[KING👑 @Leveragedking]

@markminervini winner in all aspects!
Happy anniversary mark!

[True market Leader @TmarketL]

12 Books You must read if you are Passing Through Hard Times and depression.

1.Tough times never last,but tough people do! By Robert Schuller