@801010athlete@SchwabTrading Found someone else on Twitter was able to get into the app by deleting and redownloading, slightly annoying it didn’t save my layouts exactly how I had before however it got me logged in, nonetheless.
Successful Swing traders make money and so do successful Position traders.
There will never be one size fits all in the financial markets.
Do you and shut down the noise.
Have a good weekend all.
I was informed that the great William J. O'Neil has passed. No one man has contributed more to aspiring investors as Bill. I am grateful to have been inspired by him almost 40-years ago. Bill was a great American success story, and a great American. He will be missed and always remembered. R.I.P. 🙏🇺🇸
Over the past two years, one of my main issues has been catching the turn of a market with enough size to make meaningful progress while still *properly managing my risk*.
There's no better way to do this than with Progressive Exposure:
SVB wouldn’t have grown into the 16th largest bank
without free money, which allowed Tech, PE, VC, and private credit to thrive. 6-months ago it was known there were problems brewing and so did the Fed. Federal Home Loan Bank advances soared by 200% in 2022, approaching pre-Great financial Crisis levels.
Seeing a lot of "I told you so's" regarding the markets. Besides the fact that so much can happen in the next two weeks, don't be that person. No one likes a douchebag.
"The best setup you can have in a bear market is everybody's bearish and lots of stock setups that people don't believe in"
@markminervini
We got the bearish sentiment that's for sure.
We now sit and wait for stock setups to proliferate and folks questioning them.
A lot of our members were long $CRDO into yesterday's after-hours gap down.
Here is @rosshaber's message last night to the TL Community:
"Sometimes, even when you have clearly made all of the best decisions possible, things can go wrong, and sometimes very quickly, and in a very big way.
That is exactly what happened to many traders and investors this afternoon with a position in CRDO. It was one of those unavoidable landmines where at best, you could have minimized your losses if you were fast enough in the after-hours session.
At the end of the day though, there weren’t any signs or clues of potential trouble on the horizon, neither from a fundamental or technical perspective.
So, if you were making progress on a position in CRDO with all of your risk properly managed, nothing could have been done to avoid today’s gap down right after the close.
As chance would have it, I literally just started reading a book today, called Thinking in Bets, by Annie Duke. In the first few chapters, she makes it very clear that “great decisions are not determined by great outcomes, but by a good process.”
She uses the 2015 Super Bowl as an example. In this game Pete Carroll, the coach of the Seattle Seahawks makes the decision to pass the ball, rather than hand it off to their star running back Marshawn Lynch.
Only after the pass was intercepted, in perfect hindsight, was the peanut gallery sure to point out his disastrous decision. Many still consider it the worst in history, because his mistake was so obvious. Of course, he should have made the decision to hand the ball off to Marshawn instead, just like “everyone else” was saying on Monday morning.
However, nothing could be further from the truth. I don’t want to get into all the details, but If you were to look at the actual facts that Pete Carroll based his decision upon, it’s impossible not to agree with it. That is if you care about these pesky little things we call statistical facts.
The moral of the story here is that sometimes you get smacked, even if you have done everything humanly possible to avoid it. So, don’t beat yourself up for an unavoidable outcome."
I went through every single tweet Mark Minervini made since 2010, over 10,000 tweets.🐦
I found over 900 trade setups he posted, and made a model book of those trades.📈
If you'd like to have the model book, FOR FREE, click the link below.🏆
https://t.co/pLqfVl4mmR
Retweet🔁
@AsmaulHassan @gusichan@markminervini@SSalim0002@RyanPierpont I highly suggest you to read @markminervini books especially the first two as it covers trading and risk management. You have not hit zero which is KEY and use the lessons of that experience to become a better trader.
The best (and always accurate) Stock Market Prediction for 2023 from the GOAT. Play it at the beginning of every year and you won’t be disappointed. As Douglas also states in ‘Trading In The Zone’ “…the best traders have stopped trying to predict outcomes”
Another awesome interview with @markminervini and @MarkRitchie_II came out recently from the 2022 Traders Summit Event, and it only has 165 views!
Watch it here⬇️
https://t.co/WkXqUauquj
@RichardMoglen@SSalim0002@traderlion My biggest fault when I was VERY first starting was falling for the classic “I’ll show you a system that works” guys. Costs a new trader potentially thousands. Coming across @markminervini and then William O’Neil taught me sticking to a system works more than you can imagine.