Trading is a path to living life on your own terms. Many of us come from middle-class backgrounds, simply looking for a chance to build wealth and create a better future.
I couldn’t afford college—I had to start working right out of high school. Fortunately, I landed on the trading floor and was given the opportunity to become a full-time trader.
The key word here is opportunity, not guarantee. That’s all we can ask for in this business.
I had to lean on friends and family to stay in the game, and through perseverance, I found my way to making life-changing money in the markets.
Along the way, I learned to appreciate every day I stayed in business, to be thankful for my health, and to feel blessed for the happiness I’ve found. I’m humbled to be in a position where I can secure my future and help others.
Trade for your success. Trade for your happiness. If others are succeeding, celebrate them—don’t waste energy comparing. It doesn’t matter how much or how others make money. What matters is your journey.
I believe in the power of a positive mental attitude and how it shapes my life. Social media can be toxic if you let it.
Stay focused on your goals. Stay committed to executing your process. The rest will follow.
A study on @LindaRaschke 's 5 SMA model:
The idea is that if price has closed above the 5 SMA for at least 7 days, the first close below the SMA sets up a Buy day the following day (high probability of trending up). This is reversed for shorts. Example below is ES on 14 Feb 24.
@LindaRaschke Across a 5 year period, there have been 49 days with this setup.
- 59% of the time, the thesis is correct (i.e. Buy days ending the day green and vice versa)
- There is a 72% chance of follow through the next day (price breaking above previous day high on Buy Days)