Mr Worth

MR Worth

[Mr Worth @sendtoworth]

@LongDongDonkey 🔥

[Justin Banks @RealJGBanks]

𝐓𝐑𝐀𝐃𝐈𝐍𝐆 𝐈𝐍 𝐓𝐇𝐄 𝐙𝐎𝐍𝐄

A MUST WATCH TO UNDERSTAND MARKET PSYCHOLOGY

This video teaches you how to understand how the market works

This video helped turn me profitable and grow a small account

A full course by Mark Douglas

RT AND LIKE ❤️

$SPY $SPX $VIX $NVDA

[Mr Worth @sendtoworth]

@VolumeLeaders (kidding)

[Mr Worth @sendtoworth]

@VolumeLeaders Up or down?

[Mr Worth @sendtoworth]

@traderhc Gold (the commodity, not the ticker)

[Mr Worth @sendtoworth]

@traderhc CALF

[Mr Worth @sendtoworth]

@LongDongDonkey Oh shit!

[Mr Worth @sendtoworth]

@traderhc 'Fuck your calls, fuck your puts, Jpow's got you by the balls!'

[Mr Worth @sendtoworth]

@LongDongDonkey Love it, that https://t.co/k0Mr7p7R5r is AWESOME right?

[Mr Worth @sendtoworth]

@traderhc @traderhc why do you even bother replying to trolls? You've made me more money than I could ever dream of making! Keep at it man!

[Mr Worth @sendtoworth]

@traderhc Waiting for your suggestions!

[Mr Worth @sendtoworth]

@TheTechChat @LGUS Hey LG, I got a new LG Gram 17 and am getting BSOD crashes (3 times in the past week!). These are what Mark Coppock described in his review on Digital Trends - LG Gram 17 -good idea POORLY EXECUTED! Help?...

[Mr Worth @sendtoworth]

@traderhc PLUG please

[Mr Worth @sendtoworth]

@AyyadYnm Dude, nice capture. What kind of camera (or phone?)?

[Mr Worth @sendtoworth]

@VolumeLeaders Sheeeaatt! I wanted to long it with that print so bad too!

[Mr Worth @sendtoworth]

@traderhc I like you bullish too! Lol

[Mr Worth @sendtoworth]

@traderhc Descending wedge?

[Mr Worth @sendtoworth]

@LongDongDonkey I'm on a monthly algo, keeps me sane. You know the site I use ...

[Mr Worth @sendtoworth]

@LongDongDonkey Curious to know what your daily P&L's have been like with the daily trading algo and what a weekly (or even monthly) strategy would have done instead? Did daily trading affect portfolio drawdowns or volatility in a meaningful way over the past month? Longer backtest too?

[AsymTrading @AsymTrading]

I keep harping on being defensive while the mkt is in a funk. There are many ways to increase defensiveness.

1) Take fewer setups - take 1 instead of 2 or 3.
2) Only trade the best "5 star" setups (if they exist in a crappy mkt) breaking out on the strongest volume
3) Wait longer to enter - if you normally trade the 5 min ORB, use the 15 or 30 min. You avoid a lot of opening BS by just waiting a little longer. Sure you might have to pay up a little, but would you rather pay up 3 or 4% and miss a bunch of reversals or get stopped out repeatedly on reversals?
4) Trade smaller - if your normal risk is 1%, reduce that to .5% or .25%
5) Don't trade - it's perfectly fine to not trade. You'll save your mental and financial capital. Just remind yourself that the next rally is right around the corner and all you're missing out on is a bunch of slop, losses, and frustration. You should get FOMO in a momentum market. Don't get FOMO in a shit market.

You can do one, some, or all of these. The point is to recognize when the mkt isn't great for your method and take the appropriate actions to protect yourself. Protecting your mental, emotional, and financial capital is far more critical in a shit mkt than trying to grind for pennies. Wait for the easy dollar market and smooth sailing.

Many traders keep trading in a shit mkt because they have some fomo that they are missing out on something. They get caught up in the news or reading posts where people only talk about their winners and conveniently forget the many many losers. More often than not, all the fomo gets you is eating like a bird and shitting like an elephant during a bad mkt. A lot of work and little to show for it except losses and frustration.

By waiting for the good conditions, you'll have maximum mental and financial capital to take advantage of the favorable conditions. Pat yourself on the back for waiting and avoiding the bullshit.