BC TRADERLION
Saved by @SeekerHari

The best traders take advantage of alternate entries to build positions before a stock becomes obvious to the crowd.

Here are 7 lesser known Chart Patterns that are a MUST in any trader's tool box 🧵👇

 #1: Alternate Pivots

Alternate pivots offer earlier entries when compared to regular pivots.

These pivots are important because:

▪️ They offer the same if not better R/R then regular pivots
▪️ Less volatility around these areas
▪️ Allow you to start positions EARLIER
#2: High Volume Close (HVC)

The HVC is created from a big volume gap up.

The close of this day is an important point for institutions to support.

If institutions are in supporting this point, price should be very responsive - making it a great, lower risk entry.
#3: Pivot Retest

The pivot retest setup happens when price retests the prior support/resistance point & then rallies back through.

This can be a powerful setup as it acts as a 'shakeout' and reverses higher with stronger hands holding the name.
#4: In The Wick Setup

We are looking for stocks that open in the wick of the prior session's bar.

The buy trigger is when price moves through the prior day's high.

The stop loss should be the low of the current day.
#5: Oops Up Reversal

The Oops Up Reversal setup is best implemented on a gap down (usually created from a poor close the prior session) that finds demand quickly.

The buy trigger is when price moves through the prior day's low.

The stop loss should be LOD or a defined %.
This setup was created by legendary trader Larry Williams.

Hear more on his his trading journey in our interview with him for the TraderLion Podcast 👇

https://t.co/MrEk2aqR5I
#6: Undercut & Rally Setup

The U&R setup usually occurs at the low or bottom of a base or structure.

This is often what we see in William O'Neil's 'Double Bottom' base structure.

Buy Point: Up Through Prior Swing Low
Stop Loss: Low of U&R Day
If you are interested in learning more about well known basing patterns, here's a thread we posted earlier this year 👇

https://t.co/F9x9ML8qNZ
#7: Power of 3 Setup

The Power of 3 pattern is when the 10SMA, 20SMA, & 50SMA are all within 1.5% of each other & price overtakes all three to the upside in one bar.

The Launchpad usually follows this pattern, where the moving averages form a 'launchpad' underneath price.
Learning the following 6 patterns will allow you to become a much more versatile trader 💪

✅ High Volume Close (HVC)
✅ Alternate Pivots
✅ Pivot Retests
✅ In The Wick
✅ Oops Up Reversal
✅ Undercut & Rally
✅ Power of 3
As always, the overall context of each chart should be taken into consideration when making buy and sell decisions.

These patterns work best to the long side when the stock and general markets are uptrending. 📈
What other patterns do you use? Let us know below! 👇
That's a wrap!

If you enjoyed this thread:

1. Follow @TraderLion_ for more content on trading & the stock market.
2. RT the tweet below to share this thread with your audience 👍 https://t.co/hQyAcF0lup

More from TraderLion 🦁

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10 Lessons I Learned While Working With William O’Neil (Thread)

↓

1. The importance of trading psychology and emotional/physical well-being

Trading psychology and physical/emotional well-being is probably one of the least discussed, yet most important aspects of becoming a successful trader.

However, the large majority of traders spend little time if any focusing on this aspect of their trading and instead, dedicate their time to methodology, technique, and “special indicators.”

Start by taking good care of your physical and emotional health.

This means getting enough sleep, eating well, exercising, etc.

Next, pick up a couple of books and study trading psychology. Two excellent books on this subject are, “Trading in the Zone,” by Mark Douglas and “The Psychology of Trading,” by Brett Steenbarger

2. The importance of sound rules to avoid emotional decision making.

Having a sound set of rules that are proven to work is essential to success in the stock market. Why is this so important? Two words. Human nature.
PSYCHOLOGY , TRADERLION
TraderLion
TraderLion
@TraderLion_
Why do we track institutional footprints? 🐘 (Thread)

Large institutions like mutual funds, hedge funds, banks, insurance companies, trusts, etc. amount for over 75% of all volume. These institutions move the market, not you and I.

It makes sense that if these guys are moving the markets, we would ideally want to buy the same stocks they are buying, but before they buy them? Right?

So, let’s get a clear understanding of how and why this is so important and what this might look like behind the scenes.

For starters, let’s discuss what we mean by a large institution. In this case, we are referring to the many funds, pensions, trusts, etc. that are responsible for managing tens, if not hundreds of billions of dollars.

Hence, they easily attract and can afford to retain the planet’s top talent, not to mention, their research budgets are enormous.

They have access to information and resources that the retail crowd simply does not, and if they did, it would likely be extremely unaffordable.
ECONOMY , TRADERLION
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TraderLion \U0001f981
TraderLion 🦁
@TraderLion_
A Guide to Position Sizing

--- Thread 🧵 ---

To perform in the market, position sizing needs to be the main focus.

This is what ultimately separates the good from the great.

It will make no difference on your account if you have a 100% gain in a name with only 1% of your equity.

It will make a huge difference on your account if you have a 100% gain in a name with 20%+ of your equity.

There are 2 consistent ways to position size in the markets 👇

1️⃣ Position Size Based on Risk
2️⃣ Position Size Based on Number of Edges

1️⃣ Position Size Based on Risk

Before you take a position in a stock, you must know how much you are willing to lose on a trade.

We recommend never risking more than 1% of your overall account equity on any single trade, especially if you are in the consistency phase.
TRADERLION
TraderLion
TraderLion
@TraderLion_
What is the biggest challenge that traders face?

It's not the market. It's not the competition. The biggest challenge traders face is themselves.

That's why we've put together this list of five short lessons that will help you overcome your next trading obstacle:

1. You need to be disciplined enough to wait for the perfect opportunity.

Successful Traders:

❌ They don't force trades or take unnecessary risks.

✅ They wait patiently for the market to provide them with a high-probability setup before entering a trade.

2. You need to only take calculated risks.

Successful Traders:

❌ They don't take irrational risks or blindly follow the herd.

✅ They make calculated decisions based on their analysis and plan.

3. You must be able to accept losses.

Successful Traders:

❌ They don't try to avoid losses at all costs.

✅ They know that losses are a part of trading and accept them as part of the process.

4. You need to have a defined edge.

Successful Traders:

❌ They don't trade based on hope.

✅ They have a defined edge that they execute repeatedly.
TRADERLION
TraderLion
TraderLion
@TraderLion_
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

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TraderLion \U0001f981
TraderLion 🦁
@TraderLion_
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.
TRADERLION
TraderLion \U0001f981
TraderLion 🦁
@TraderLion_
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!
TRADERLION
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Nick Schmidt \U0001f981
Nick Schmidt 🦁...
@NickSchmidt_
You can spend years looking for the best trading indicator.

Or you can just read this:

I've spent the last 7 years meeting the best traders in the world... and I realized they ALL use the same indicator.

The absolute best trading indicator in the world is your gut.

Like every indicator—before it can give reliable signals—it needs to be studied.

Your intuition only becomes finely tuned after a lot of trials and errors.

Let me explain...

First, we need to understand what intuition is. (that gut feeling)

As traders, intuition is how we make decisions without conscious thought.

Intuition grows (slowly) every time you see the same pattern unfold.

In other words, the more you trade, the more accurate your intuition gets.

Intuition is no different from muscle memory.
TRADERLION
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/
TRADERLION
Richard Moglen \U0001f4fd\ufe0f\U0001f6a2\U0001f981
Richard Moglen 📽️🚢🦁...
@RichardMoglen
In the fall of 2018, I signed up for a class called "Introduction to the Stock Market and Technical Analysis" taught by Dr. Eric Wish

This class changed my life.

Here are 10 Lessons Dr. Wish taught me from his over 50 Years of Trading.

(Thread)

Before this class I had absolutely no knowledge about investing, trading, or how to read a stock chart

Today, trading & studying the commonalities between the greatest performing stocks is my passion, and what I’ve spent the past 1000+ days focused on

Now onto the first lesson

Financial Literacy

The first lesson Dr. Wish taught me was the importance of overall financial literacy.

Roth IRAs, interest rates, budgeting, building credit the right way.

You need to master money management before thinking moving on to trading/investing.

Overall Strategy

Throughout the class, Dr. Wish repeated his trading mantra.

As you gain trading knowledge and experience, you'll appreciate the simplicity and depth of this one sentence:


Determine the Market Trend

The vast majority of stocks follow the overall trend of the market. This is why the mantra begins with “In a Rising Market”

"At least 50% of the whole game is the general market."

-William O'Neil
TRADERLION , MARKET TREND

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The Church of the East traces its origins to the christological position of the School of Antioch, which held that the human and divine and human essences (ουσία) of Christ were united in a single prosopon (πρόσωπον). ~ahc #jingjiao 2/


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One implication of the Antiochene rejection of the hypostatic union is that Mary could not accurately be called the Theotokos, or God-bearer. Instead, she is the Christotokos, the Christ-bearer. ~ahc #jingjiao 4/


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Thread: History of Mogadishu and it’s conquest by Imaam Al Yaqubi


One of the First Imaams of the Hiraab Imamate was Mohamed Ibn Imaam Ahmed ibn Imam Ahmed Ibn Imaam Mohamoud Ibn Imaam Cumar Halol Al Yacquubi (Abgaal) during the year 1097 hijri.


After the collapse of the Ajuuran Abgaal nomads from the interior had started moving to take over the strategic port town of Mogadishu which was then under the muzzafar dynasty. By the 1600s Abgaal warriors had captured the city and set up their base in shingaani.


Mogadishu at the time was a large and well known port town. The Abgaal clan taking over control allowed them to obtain political power and world wide recognition.


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Pangolins, September 2019 and PLA are the key to this mystery
Stay Tuned!


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2. A jacobin capuchin dangling a flagellin pangolin on a javelin while playing a mandolin and strangling a mannequin on a paladin's palanquin, said Saladin
More to come tomorrow!


3. Yigang Tong
https://t.co/CYtqYorhzH
Archived: https://t.co/ncz5ruwE2W


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1 of 16: WE ARE ALL JEWS HERE: THE STORY OF RODDIE EDMONDS

One of the most moving and relevant stories of the Battle of the Bulge, or any American Soldier in any war, is that of Master Sergeant Roddie Edmonds, a Knoxville, Tennessee native, who served with the 106th Infantry.


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Roddie was captured early on in the Battle of the Bulge, on December 19th, when Panzer forces plowed through his unit.

He, along with almost his entire regiment, was forced to surrender.


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The men were transported to the Stalag IX-A POW camp in Ziegenhain, Germany.

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In late January, the camp’s commandant, Major Siegmann [pictured here], ordered Roddie, a Christian, to identify all Jewish Soldiers and order them to stand in formation by themselves the next day.

[Jewish Soldiers were a minority within American units]


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Throughout WWII, captured Jewish Soldiers were often tortured and then killed by their German captors.

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