Tom Christian

Believer ✝️ Thankful. Family man. Friend. Trader.

[Tom Christian @thomcTrades]

Foundational Trading book recommendations. I wish I could say I've mastered them, but I'm still a growing work in progress. Persistently moving forward. Thankful for the opportunity to trade.

[Tom Christian @thomcTrades]

@AnneMarieTrades Amen! Amen!

[Tom Christian @thomcTrades]

@StockCharts Both!

[Tom Christian @thomcTrades]

@ElonMuskAOC Yes!!! Absolutely!! So grateful you're there and doing such a wonderful courageous job!

[Tom Christian @thomcTrades]

@ElonMuskAOC Yes please!

[Tom Christian @thomcTrades]

@ElonMuskAOC Rose Gold

[Tom Christian @thomcTrades]

@ElonMuskAOC Very nice!

[Tom Christian @thomcTrades]

@alphatrends You got my vote. No question in my mind!

[Tom Christian @thomcTrades]

@alphatrends $PAYC

[Tom Christian @thomcTrades]

@alphatrends @Stocktwits SOFI

[Anne-Marie Baiynd, Trader @AnneMarieTrades]

Deeply flawed and yet, deeply loved

[Tom Christian @thomcTrades]

@AnneMarieTrades So sorry for your loss, Anne Marie, but so glad to hear your Mom is with Jesus.

Nahum 1:7
The Lord is good, a stronghold in the day of trouble, and He knows those who take refuge in Him.

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

🚨THE GREAT UNVEIL - MAGNUM OPUS🚨

Many of you have seen me reference that my top goal this year is Project MO.

Project MO = Magnum Opus.

Magnum Opus will be the greatest trading course ever made, a compendium of everything I learned throughout my career with an expected launch at year-end. It will cover the exact details of my playbooks, case studies of my actual trades, and be the most in-depth dissection of trading concepts out there. I’ve never seen many of these technical analysis concepts and heuristics published ANYWHERE.

I have hired a team of 3 helpers, contracted a best-in-class video production studio, and already developed a topic list more than 150 videos long (sample topics pictured). The all-in production cost is expected to be 6-figures in addition to the thousand hours of time I am putting in to create it. There is NOTHING like this in existence, nor will there ever be anything like it after.

Best of all, this will be a living project that continues to grow over time. I plan to regularly add new topics, AMAs, and videos to make sure every niche eventually gets covered.

BUT WHAT ABOUT THE COST!? 🤬🍅

Woah woah woah, calm down and put those tomatoes away! I try to be The People’s Champ for a reason!

THE MAJORITY OF THE CONTENT WILL BE 100% FREE TO ALL! NO CATCH!

The FREE content will be better than any paid course currently out there (trust me, my assistant and I have reviewed almost all of the popular ones).

For some of the more advanced topics or bonus stuff like meetups and monthly AMAs, I will likely do a premium model. Much like my Patreon, proceeds would subsidize the free content, help me recoup my costs, and any excess will fund more philanthropic projects (my Patreon proceeds built a school in Bali!).

I don’t know how long I wish to keep one foot in the trading world. Knowing that, it was important to me that I pass on all the knowledge I accumulated so that it doesn’t go to waste. This will be my crowning achievement and final gift to share with the trading community - for that reason, it is aptly named, and will be… my Magnum Opus 👑🐐🫡

[Brian Shannon, CMT @alphatrends]

I have posted this setup dozens of time and it worked again today $SPY

[Brian Shannon, CMT @alphatrends]

There must be support at
❌20 day MA
❌50 DMA
❌200 DMA
❌2023 low ⚓️VWAP

Support is only know after the fact, we look at "levels of interest" as potential support on pullbacks.

Below declining 5⃣ DMA do not trust!

Buy strength after the dip

$TSLA

[Raghee Horner @RagheeHorner]

Two common phrases I will remove this year. 1) There is no “the market”. There are indices, treasuries, currencies, metals, energies, etc. Be specific. 2) I don’t “think” or “feel” anything will happen. I trade what I See. Data & Processes over gut.

[Nick Schmidt @NickSchmidt]

15 sentences every trader needs to read:

1. The more pressure you put on yourself to make money in the market, the more difficult it becomes to actually make money.

2. Most of your losses are likely from trades that, according to your system, should have never been placed in the first place.

3. The most important thing in trading is not being right; it's making money.

4. One undisciplined trade can undo months of progress.

5. No matter how confident you are when you place a trade, remember that the outcome will always be random.

6. Sometimes the best thing to do is nothing at all.

7. Without a strategy for getting out of trades, you're gambling.

8. You need to have a clear head to make the best trading decisions.

9. Good trading isn’t about being bold and standing behind your opinion at all costs, it’s about being flexible and willing to change it on a dime.

10. If you are hesitating when it's time to execute, you haven't completely accepted that the outcome of every trade is out of your control.

11. If you aren't passionate about the markets and you are only trading to get rich, you won't last.

12. Successful trading is based on managing risk.

13. If you are distracted or unfocused when trading, your performance will suffer.

14. Don't try to predict the future. Focus on what's happening right in front of you.

15. The only way to build real confidence in your trading is through experience.

[Steve Burns @SJosephBurns]

5 Steps To Creating A Price Action Trading System

A price action trading system is a process for using new price data to make buy and sell decisions on a watch list of markets. A price action trading system attempts to use entry and exit signals that have an edge by creating good risk/reward ratios that lead to profitable trading. There are five primary components in a trading system.

1. You will need a watch list, depending on what markets you trade this list could be futures, Forex pairs, ETFs, or stocks. The items on your watch list should have good liquidity that creates tight bid/ask spreads that limit slippage. Your watch list can be filtered using fundamentals but should only be traded using price action. It is a good practice to trade markets that historically has had good trends in the past and consistent repeatable price patterns over the long term

2. You need to backtest your watch list and study the historical price action patterns to find signals that have created good risk/reward ratios in the past. This means when you enter a trade your initial stop losses being triggered will create a small loss if the trade doesn’t work out, but your trailing stop and/or profit target will create a big win if it does.

3. To manage the size of your drawdowns and eliminate your risk of ruin you will have to set guidelines for position sizing based on historical and implied volatility of the market you are trading. Also you have to consider the correlation of your positions and set parameters of how many open positions you can have if they move together or diversified.

4. A good trading system can have diversified signals for trends, swings, and dip buying. This can help smooth the equity curve through different market environments.

5. The trading system you choose to use must fit your own personal tolerance of risk and have the potential of meeting your return goals. You have to understand your edge and believe in the trading principles that will make your system profitable over the long term. You have to be able to mentally and emotionally deal with the inevitable drawdown that it will have when a market environment changes and have the perseverance and patience to trade it with discipline over the long term to achieve profitability.

[Tom Christian @thomcTrades]

@AnneMarieTrades Amen! Amen! Blessings to you, Anne Marie!