Mr Rango

Swing Trading learner | Optimize for free time not money | Keep no trade secrets | Try to break free of your job if you can | Not a Financial Advisor

[Mr Rango @RangoFarWest]

@_chartitude US10Y
Gold and Silver multi generation BO
US Inflation
Retail Eq mania in India this decade

All these are saying the same thing. I know it sounds ignorant but...

We're entering a new multi year phase where Eq chills and Metals go up crazy high.

[Mr Rango @RangoFarWest]

@finallynitin Passion is simply concentrated desire. Thus concentrated pain.

What you call achievement... Think about why you think it's an achievement. It's not.

[Mr Rango @RangoFarWest]

@stocksgeeks Understood

[Mr Rango @RangoFarWest]

@iramyram @SalmaniSaj50671 Nothing wrong with them ... They're doing their job. Which is to reappropriate aam janta wealth and keep a ceiling on prosperity

[Mr Rango @RangoFarWest]

@stocksgeeks Baap tweet

[Mr Rango @RangoFarWest]

@cryptodude999 It's very difficult to judge market movements

[Mr Rango @RangoFarWest]

@Stocksgeeks Could you please elaborate? I don't understand the logic...

[Aksel Kibar, CMT @TechCharts]

#INDIA #SENSEX Heading to inflection point formed by the year-long average, neckline and the trend line support. Possible H&S top reversal. Not confirmed until it is completed with a breach of strong support area.

[Aksel Kibar, CMT @TechCharts]

If #INDIA benchmarks stall here, we will start talking about the H&S top reversal possibility with 78K as the neckline for #SENSEX.

[Mr Rango @RangoFarWest]

@BasedTrader_ Why aren't your losses 1R?

[Mr Rango @RangoFarWest]

@TradingComposur @801010athlete Protect your initial capital

Go crazy with the profits, to increase probability of outsized success

[Mr Rango @RangoFarWest]

@SakatasHomma @stefvc23 Makes sense to try it, good luck

[AsymTrading @AsymTrading]

https://t.co/rRyY2dpnsa

Velez: "This is the number one way to almost instant profitability: Limit your losses to one bar. When you win, you're going to win 8 bars, everytime you lose you'll only lose one bar. When you win, might win 20 bars, everytime you lose you'll only lose one bar. You might win 4 bars, you'll lose 1; you might win 6 bars, you'll lose 1; you might win 2 bars, you'll lose 1; you might win one bar, you'll lose 1; you might win 50 bars, you'll lose 1. You'll have many different types of wins, but you will never have a different type of loss."

Qullamaggie talks about using opening-range bars for the 1, 5, and 30 min ORB. I strongly believe the keys to his success is exactly what Oliver was talking about in this video: Kris never loses more than 1 bar. Even more powerful, Velez shows examples of not losing more than one bar in that timeframe.

Now imagine what Qullamaggie does - he doesn't lose more than one bar on an intraday timeframe, but he trails and manages on the daily timeframe. He essentially never loses more than one 1, 5, or 30 min bar - but when a stock runs for 3 or 5 or 20 days, he's getting many, many bars to the upside for that one intra-day bar of risk. This is multi-timeframe trading at its best - risking one bar on a lower timeframe, while getting days or weeks of upside.

Take these recent $FSLY $PLTR trades examples. My initial risk on these breakouts was less than 1 30-min bar (the first 60 min bar on TC2000 is only 30 mins due to the 6.5 hour session). The profit was many bars to the upside. This is the secret sauce if there ever was one.

Now this doesn't mean as long as you only risk one bar you're golden and can trade whenever you want. Even Qullamaggie talks about how you can still go broke by only risking 1% per trade - it's the "death by 1,000 cuts" problem. So even if you are disciplined enough to "only lose 1 intraday bar" - you can still get cut to pieces overtrading in a poor market. But if you layer this mentality in with a solid market backdrop, I can't guarantee you'll be profitable, but you stand the best chance of doing so.

[Mr Rango @RangoFarWest]

@ripster47 Understood. You're helpful and generous as always man. Will check out the Recaps in detail

[Mr Rango @RangoFarWest]

@payasjain101 @swing_ka_sultan Retail behavior has been signaling a generational top since few years already. But markets keep rising, proving me wrong

[Mr Rango @RangoFarWest]

@iramyram STT STCG are going up??

[Mr Rango @RangoFarWest]

@chartians Massively bearish. Sideways action expected... One that is likely to leave all medium term and long term traders without profits for a year at least. Day traders should be fine as always. Although I'm bearish, there's no conviction... It's just a hunch

[Mr Rango @RangoFarWest]

@Stocksgeeks Baap aadmi hai ye