Big Wave Chartist
@BigWaveChartist
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Stock market trend/momentum trader with a risk-first approach. Posts are not investment advice.
New York, NY
Joined February 2024
Trading Less, Winning More: 2026 Goals There’s a profound paradox in trading that most of us take years to understand: The path to better returns often runs directly through doing less, not more. For 2026, I’m making a commitment that flies in the face of everything our
Plan for 2026: Use my Market Trend Dashboard to ONLY trade when the probabilities are high and entirely sit out for the periods when they aren’t. This will reduce my trading significantly. Although I will still take some select EP’s, they will be on more established companies
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No doubt that we’re in a new-driven market! $QQQE rallied, sold off and then rallied late afternoon as news came out of the tariff and Greenland de-escalation. Because $QQQE price reclaimed the 5, 10 & 20 MA’s, we’ve moved to a YELLOW market on the Trend MAP. Because of that big
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Game plan for the day: All exposure is de-risked so I’ll be patient with this market. If things turn south the first to go is $RDDT followed by $QBTS.
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The day I started feeling more proud of a disciplined loss than a lucky win was the day I actually became a trader.
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Reminder of how I handle this environment. I am being flexible on the hard stops as long as I have cushion on some positions.
$QQQE gapped down, rallied mid-day, but couldn’t hold it and closed below the 10week MA which turns the Trend MAP to RED. I managed to derisk $ALAB in the morning, selling 1/3 up 2R. I sold $BITX mid-day because of the weakness of the crypto sector. I gave $RKLB a try as it
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$QQQE gapped down, rallied mid-day, but couldn’t hold it and closed below the 10week MA which turns the Trend MAP to RED. I managed to derisk $ALAB in the morning, selling 1/3 up 2R. I sold $BITX mid-day because of the weakness of the crypto sector. I gave $RKLB a try as it
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I don't fret about futures in the middle of the night. Because I don't trade futures. I don't get discouraged (or excited) by charts until 3pm. Because I don't trade until the end of the session. I don't worry about a random sector underperforming. Because I don't own any
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If you've opened new stuff recently, be sure to know (and be 100% comfortable with) what your open heat is, and what your new account balance is if all your stop losses are hit. If we hit market turbulence and you start panic selling, you weren't comfortable with your open heat.
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Many years ago when I started trading I found myself battling the usual culprits of poor performance and found myself in a VERY deep drawdown - basically what you’d call blowing an account. What can help someone recover from something like that? I had to view it from this
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Everyone loves saying that 95% of traders lose money. Nobody mentions they quit after losing 2 trades. Never journaled. Never backtested. Just vibes, hope and degeneracy. If you treat trading like a real profession you're not in that 95% anymore. Different league.
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This game plan still applies to Tuesday. We’ll see what the market throws at us.
Today’s game plan: Nothing. I have my exposure. I just need to de-risk $ALAB. Other than that I sit on my hands. Have a safe day!
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We built https://t.co/g5LYIUJnJh because I got tired of jumping between 5 tools to understand what the market was doing, when to engage, what to engage, and when to wait on the sidelines. It’s the same platform I use daily for my own execution, and also in PrimeTrading
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“Patience in trading isn't about passively sitting by while the market does its thing. It's about actively choosing to do nothing when nothing needs to be done… You will be the most successful in trading when you feel like you're putting in the least amount of work.“
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Friday $QQQE retested the DTL, 20sma and UTL and bounced from all those levels, yet closing below the 10sma. We’re still consolidating tightly within this narrowing triangle pattern. Price may push decidedly in the week to come, but which direction remains to be seen. Trend MAP
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This is how I found an entry into $ASTS this last week. On 1/14 we had a general morning selloff which pushed $ASTS down to its 10ema. This is a level I am watching very closely to engage in with the market leaders after they’ve shown their initial strength. I bought about a 22%
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Surprised my girl with a Rob Thomas concert tonight. It was great! And good to disconnect from a wild week in the markets 😅
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95% of traders fail. Sure. But 95% quit after 3 months and 5 YouTube videos. They treat trading like the lottery. Give it 5 real years. Show up every day. You just separated yourself from everyone who treats trading like gambling.
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This chart from @TradersLab_ shows perfectly the divergence happening to breadth in the market. Not all components of $QQQE are under pressure. Mainly software like “yesterday’s leaders” $PLTR and $HOOD etc are pressuring it while other tech is strong. Shows why some stuff is
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If you've opened new stuff recently, be sure to know (and be 100% comfortable with) what your open heat is, and what your new account balance is if all your stop losses are hit. If we hit market turbulence and you start panic selling, you weren't comfortable with your open heat.
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Today’s game plan: Nothing. I have my exposure. I just need to de-risk $ALAB. Other than that I sit on my hands. Have a safe day!
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$QQQE gapped up and sold off most of the day, bouncing off the 10ma and closing just above it. I trimmed 1/3 $QBTS up 2R which was my last position to de-risk. After this trim, there was some room still in my PF so I opened a position in $ALAB. $RDDT put some pressure on my
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