BC TRADERLION
Saved by @SeekerHari

As traders, we primarily compete with ourselves to honor our rules and execute our edges.

With money on the line, trading is an incredibly strenuous mental game where emotions can flare up leading to costly mistakes

The Importance of Mastering Trading Psychology.

(Thread) 👇

 Trading Psychology or the Mental Game of Trading encompasses solving problems regarding emotions such as Greed, Fear, Anger, Confidence and Discipline.
Contrary to popular belief, having a strong mental game does not mean eradicating emotion.

Instead, it means learning to transcribe your emotions into data that you can use and analyze to connect past states to current ones.
Trading is a performance sport.

We execute at our highest ability when we can use emotions as fuel and for intuition but are not so dominating that they cloud our judgment.
Think about the best athletes in the world : Kobe, Jordan, Lebron, Messi, Ronaldo, Federer, Nadal...

They compete with passion, emotion. This drives them and they are able to unlock their full potential.
Similarly, to trade at the best of your abilities, you need to learn how to manage and harness your emotions.

This involves developing awareness and techniques that address the root causes of emotions, preventing them from negatively impacting your trading.
To track your emotions, you are going to want to take notes during the trading day. This allows you to offload data and analyze it later.
Look for commonalities and patterns, just as you would if you were analyzing trade results.

You will find the same signs start to develop before you for instance experience tilt and enter a trade outside of your system.
Adding a mental game system to your existing process should unlock your trading potential.

It will allow you to build instincts, and overcome performance flaws.
Keep in mind, you need a strong existing trading system with well defined and effective edges to be successful in trading.

Mastering Trading Psychology can’t solve your trading problems alone, but it can take your existing performance to the next level.
A successful mental game trading system will help you trade with confidence.

It will also drastically improve your discipline & consistency.
If you are looking for a proven (no fluff) mental game system

Look no further than @JaredTendler’s high-performance framework...

A repeatable system that reaches the root of your issues.
@jaredtendler Jared's work is internationally recognized for a reason.

His framework is based on over 16 years experience working with institutional traders, PGA Tour Golfers, and Champion Poker Players to help them perform at the highest level—consistently.
@jaredtendler Over the last few years teaching and building traders, we've noticed a pattern...

Traders are too focused on building a strong technical system and completely disregard the mental game—stunting their performance.
@jaredtendler This is why we are incredibly excited to be partnering with Jared, to bring his system to retail traders.

We are launching the Trading Psychology Masterclass, helping hundreds of students improve their performance and consistency.

Join them here 👇

https://t.co/dJXxUQmS0U
@jaredtendler The Trading Psychology Masterclass includes 5 comprehensive and interactive webinars covering the full system.

The first webinar is coming up fast on April 9th! ⌛️

Grab your Early Bird Tickets here 👇

https://t.co/dJXxUQmS0U
That's a wrap! Have a great Saturday!

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TraderLion \U0001f981
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There is only one proven way to prevent blowing up your account:

Setting Stop losses.

Properly setting & implementing stop losses will save you millions over your career.

Here's a top down guide with everything you need to know about Stop Losses, broken down step by step 👇🧵

In this 🧵, we'll cover:

· The Goal of Stop Losses
· How to Place a Proper Stop Loss
· Answers to Frequently Asked Stop Loss Questions
· General Guidelines to Protect Your Account

& tons of examples!

Let's jump in 💪

Overall Goal of Stop Losses 👇

The goal of a stop loss is to cap your downside while maximizing the upside from proven setups.

It is impossible to be correct on every trade you make, so it is very important that you implement stop losses to contain your losing trades!

Let's look at some examples to show you how important stop losses can be:

$PTON (Weekly!)
$TSLA (2020 B/O)
$NVDA (1999 IPO B/O)
$AMPH (Last Week's Action)


In each of the examples above, you could have used proper stop losses to capture massive upside gains & protect yourself from huge downside losses!
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Top 7 Things You Must Do Differently to Achieve Massive Success as a Trader by Jesse Stine

(Jesse turned $46,000 into $6.8M in 28 months, netting him a return of 14,972%)

🧵👇


Learn How to Sell

🔹 "Most investors spend 99% of their time studying what to buy and when to buy it."
🔹 "If you don't become passionate about the art of selling, you might continually lose a majority of your gains."
🔹"Fear is NOT a profitable sell signal"

Focus on Weekly and Monthly Charts

🔹"Smart money billion dollar hedge funds and institutions base their buy and sell decisions almost exclusively on longer-term weekly and monthly charts."

To make big money, we have to know what big money is doing.

Wait Until Everything Lines Up

🔹"There's only one way to put yourself in a position to hit a grand slam. Wait, wait, & wait some more until most of the technicals line up in your favor. By waiting until EVERYTHING lines up, your odds of massive success go through the roof."

Invest on an Island

🔹"Ignore the noise and make your own decisions."
🔹"By eliminating all the 'noise', you open up the possibility of massive success."
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@TraderLion_
20 lessons from trading legend Stan Weinstein:

Volume is a gauge of how powerful the buyers are... Never trust a breakout that isn't accompanied by a significant increase in volume.

1/20
TRADING
TraderLion \U0001f981
TraderLion 🦁
@TraderLion_
The market’s best investors have made millions from the simple saying:

“Buy right, sit tight”

Sounds simple - but what does “buying right” even mean?

Use TraderLion's 10-Step Ultimate Guide to buying right 👇

By the end of this thread, you'll know how to:

1. Build an objective list of buy criteria
2. Have 10+ real world examples to study
3. Increase your win rate.
4. Increase your profitability

Let's dive in!

Buy Rule #1: The General market must be in an uptrend.

3 out of every 4 stocks follow the market trend both to the upside and to the downside.

This means that if you are buying a breakout in a downtrend, it already has a 75% chance of failing!

It doesn't matter if the stock is in a leading group with an impressive RS line and strong fundamental story.

At the end of the day, market direction is the MOST important factor!

Here's an excerpt from How To Make Money In Stocks by stock market legend William O'Neil:


Here's another video by @richardmoglen that will help you determine if the stock market is in a downtrend:

https://t.co/shD5OjkP6s

Let's move on to #2.
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TraderLion \U0001f981
TraderLion 🦁
@TraderLion_
How Stage Analysis can improve your Trading & Investing 📈📉

Thread🧵

👇

Stan Weinstein's Stage Analysis offers traders a powerful methodology to identify trends in the markets while following strict risk management principles.

1/


First, let's review who Stan Weinstein is and his contributions to the market.

Weinstein is a veteran technical trader who has over 50 years of experience and now works as an advisor for institutional investors.

2/

Stan is well known for authoring "Secrets for Profiting in Bull & Bear Markets" which you can find at the link below.

This book is incredibly well written and gets into the nitty-gritty of his processes in the

So, what is Stage Analysis?

Stage Analysis is used to identify the longer-term trend of a stock or index. There are 4 different stages 👇

The Basing Area, Advancing Phase, The Top Area, and Declining Phase.

4/
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The Best Resources on @YouTube for Trading 📈📽️

(Thread)

Other than books, video is a fantastic medium for traders to learn about different methodologies & techniques

In this thread I’ll be sharing my favorite resources.

Keep in mind I gravitate towards channels which focus on providing real value over entertainment.

TL We work hard to provide the best growth trading educational videos out there.

Concept videos, interviews, webinars & the archive of the 2021 Trading Conference.

16 Presentations from US Investing Champs & Hedge Fund



Mark has great webinar archives and trade walkthroughs. He also throws in a bunch of drumming and shooting in there.

I highly recommend you watch this webinar he did with @dryan310 multiple

Financial Wisdom

This channel breaks down concepts & summarizes trading books in a whiteboard style which is very entertaining to watch and makes the concepts easy to understand.

Great
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TraderLion \U0001f981
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Top 7 Things You Must Do Differently to Achieve Massive Success as a Trader by Jesse Stine

(Jesse turned $46,000 into $6.8M in 28 months, netting him a return of 14,972%)

🧵👇


Learn How to Sell

🔹 "Most investors spend 99% of their time studying what to buy and when to buy it."
🔹 "If you don't become passionate about the art of selling, you might continually lose a majority of your gains."
🔹"Fear is NOT a profitable sell signal"

Focus on Weekly and Monthly Charts

🔹"Smart money billion dollar hedge funds and institutions base their buy and sell decisions almost exclusively on longer-term weekly and monthly charts."

To make big money, we have to know what big money is doing.

Wait Until Everything Lines Up

🔹"There's only one way to put yourself in a position to hit a grand slam. Wait, wait, & wait some more until most of the technicals line up in your favor. By waiting until EVERYTHING lines up, your odds of massive success go through the roof."

Invest on an Island

🔹"Ignore the noise and make your own decisions."
🔹"By eliminating all the 'noise', you open up the possibility of massive success."
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How to deal with Deep Red/ Reversal Days (Thread)

Often when the market is extended, we can get a quick reversal to the downside with little or no warning.

There are two main ways these days can go.

We can have a steady selling day with key stocks losing pivots or we can retrace, reverse and then finish strong.

When the market starts showing signs of accelerating distribution during the day, and leading stocks are suddenly down 5+ %, emotions and panic can quickly cause you to ignore rules and make non-systematic decisions.

Below we will cover how to prepare for this event and manage it objectively.

It’s key to understand that emotion can never be eliminated from your trading, that isn’t the goal and is not achievable.
TRADDERLION , TRADERLION
TraderLion
TraderLion
@TraderLion_
What to look for when the market gets volatile. (Thread)

↓

The first thing you should be on the lookout for is tight price action in leadership names. During corrective markets, liquidity is low as market participants take a step back due to uncertainty.

This leads to larger price ranges and therefore tight action is a sign that liquidity is returning to the markets.

As certainty returns, price action becomes tighter and more rational.

This type of action is much easier to operate in as a retail trader since it allows you to define risk which is always first and foremost in any trading strategy.

Another key thing to look for is multiple RS days within specific stocks and groups.

RS ( Relative Strength) Days occur when a stock outperforms the market and other stocks during a corrective period.

If you need a refresher on Relative Strength techniques check out this blog post:
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TraderLion \U0001f981
TraderLion 🦁
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There is only one proven way to prevent blowing up your account:

Setting Stop losses.

Properly setting & implementing stop losses will save you millions over your career.

Here's a top down guide with everything you need to know about Stop Losses, broken down step by step 👇🧵

In this 🧵, we'll cover:

· The Goal of Stop Losses
· How to Place a Proper Stop Loss
· Answers to Frequently Asked Stop Loss Questions
· General Guidelines to Protect Your Account

& tons of examples!

Let's jump in 💪

Overall Goal of Stop Losses 👇

The goal of a stop loss is to cap your downside while maximizing the upside from proven setups.

It is impossible to be correct on every trade you make, so it is very important that you implement stop losses to contain your losing trades!

Let's look at some examples to show you how important stop losses can be:

$PTON (Weekly!)
$TSLA (2020 B/O)
$NVDA (1999 IPO B/O)
$AMPH (Last Week's Action)


In each of the examples above, you could have used proper stop losses to capture massive upside gains & protect yourself from huge downside losses!
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