peoplewish
@Peoplewish
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Donate $49 to charity and trade by my side https://t.co/6mN6A1Jez8
Detroit, MI
Joined March 2021
This is a really good exercise, because it isolates the variable that matters most: the exit. But I think the main trap is judging the outputs by average % gain per trade. A slower trail like the 50DSMA can look “best” on a per-trade basis since it captures more of the mature
I met up with @CFlanders7 recently and he suggested I take all my trades and do the following hypotheticals. For every trade: Either stop out at the stop or sell on the first close below the 10-DSMA (then 20-DSMA and 50-DSMA or any combination). The change in results is
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Learn how Microsoft relies on deceptive tactics to give Edge an unfair advantage in the desktop browser market.
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I like #BTC here. It doesn’t care what’s going on in Venezuela. The bear flag is very linear, with higher lows, tight moving averages, and tight inside price action today. The daily MACD is bullish, with the fast MA pushing through the zero line. If I add today or tomorrow, it
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Couldn’t agree more. But going all in without a keen awareness, at least when it comes to buying stocks (and honestly most things), isn’t smart, and it’s definitely not a good message to send to anyone trying to learn how to trade or do anything else for that matter; even though
@BigWaveChartist @Peoplewish I'll look silly but it's pretty easy (to that guy). All-in mentality, impossible to admit defeat in certain people, and automatically, this gives them a win more on. I didn't know what real love was before this, to go all-in accepting whatever comes. You "know" you'll win.
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Pattern-based swing trading does not require predicting news or macro events. You define objective criteria for action, primarily technical and sometimes supported by fundamentals, and you execute only when those criteria are met. Nothing more, nothing less. That said, rare and
@Peoplewish the rotation looks planned but catches people off guard today how do we anticipate what they will do today
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I agree. Mindset, especially unwavering determination to succeed, is paramount if you want truly big, outlier gains in the market. But you don’t have to make nine figures like Dan and Kris did to build an awesome, reliable, compounding revenue source from the markets. I’d also
@Peoplewish I am a firm believer that what makes the greats outliers is their tenacity and unwillingness to give up. I mean how many would go from $400,000 to in debt, sell their car for starting capital to trade again (Dan Zanger). Or who would blow up multiple accounts and still come back
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@Peoplewish Some traders get by on instinct, true — but most of us need structure, rules, and constant debugging. Once I stopped trying to trade like the outliers and started building a system that actually fit me, everything changed.
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Every so often I see X posts saying something like, “95% of traders fail because [insert reason].” But I think the real reason that 95% of traders fail is because they aren’t system-focused nor aliens. A few alien traders can win without a rigid system. They’re the 5%. But most
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Cheers to systematic compounding. If you truly want to level up the way that I want to level up, if you genuinely want to improve yourself, if you are willing to look in the mirror and say, “Enough,” then commit to compounding. Not just compounding gains in the market, but
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An entire new generation of precious metal bag holders were minted over the last few days. Shoutout @GrantCardone
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Small process tweaks can make a big difference, particularly when stacked. But don’t fall into the trap of obsessing over the ‘perfect’ process, rather than just getting started with an imperfect one. You can get exceptional results if you stick with an imperfect process for
Many traders ask, “How can I grow my $2,000 account into $100,000?” But that’s the wrong question. The real question is, “How can I build a process I’ll still trust and follow 20 to 40 years from now?”
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SPOT PLATINUM EXTENDS LOSSES, LAST DOWN OVER 7% AT $2,262.60/OZ
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