Enter The Matrix

In this write up, I would like to show you how I personally take entries and exits in trades. Hopefully this will help shed some light for those who are still struggling to identify and time their entries and exits. Before we start though, I’d like to show you that there are 4 stages/states to any market though, illustrated in the image below. We will be focusing on stage 2-4. The up trend of the market, the topping and sideways action of the market, and the down trend of the market. It is during stage 2 and stage 4 that we need to decide whether we are already too late to hop on the train, or do we still have time to get in and turn a profit. Most of the time I find my self missing stage 2, the beginning trader will see it as hype and the market is hot and jump in. Only to find themselves getting in too late and stuck on stage 3. For my self, I usually find my self spotting stage 3, I sit stalking and waiting for the first sign of stage 4 coming. That’s the bulk of my trades. ...

I would like to address a very important subject that gets very easily overlooked by a lot of traders when they trade. They would do a lot of meticulous research, establish a plan of attack, execute the trade: Lose, and end up saying something like, ‘I don’t get it, the stock was supposed to go in my favour.’. Then they go on a rant listing all the fundamental reasons of why the stock should’ve gone their way; OR, they would win and say, ‘I KNEW it! Tadaaa!’. Whether they win or lose, there lies a bigger problem that could be detrimental in their path to trading success in the future. They enduldge themselves in thinking they know what the market suppose to do. Let’s revisit and understand what the market is. The market is comprised of everyone around the world making a decision on a sentiment of some specific stock of a company, in turn they each make their own decision in whether they want to buy, or sell a certain stock. And even if by some miracle of a chance that the whole wor...

Having a winning attitude.  I believe the psychology and mindset of a trader is key to differentiating you as a trader from being the big part of the 90% losers, to the minority of the 10% consistent winners. With that said, I have studied and chat with a lot of the professional retail traders in my year and a half of trading experience. One thing I do find that they all have is a positive winn ing mindset. So let’s define it; The proper attitude a trader must have: A positive expectation of your efforts, with an acceptance that whatever the results you get, are a perfect reflection of your level of development, and what you need to learn to do better. I want you guys to write this down, put it in a spot where you can glance at it daily, memorize this. Try to pick apart what this truly means. I understand that I literally just wrote a summary. I will dive deeper into what this truly means in the next post. Really break this down for you guys. Have a good night.

Disclaimer: What I'm about to write is entirely just my personal opinion and I'm not a professional financial adviser. I don't assume the responsibility of your losses if you do decide to follow my advice. So, lately I have been getting some questions from a member in the discord room chat asking about how to determine their stop loss and how to calculate a 3:1 ratio. 'I have problems doing the math in my head when it comes to the 3:1 and where I should set my stop loss. I plan to set it at 1% from where I took my position or cash out at 3%. How do you guys do the math so quickly and do I need a calculator right by my desk?' Personally I always get a lil chuckle when I read something like this. I realize that a lot of the members on this page have came from some other trading page on FB and their head mod and founder(not to be named) there have always used the word 'percentage' in his/her educational material. I'll tell you this bluntly straight up....

This is the thought process and schedule on how I write out a plan on each ticker:  Finviz to run a scan with the parameters that I use daily, pick 1 chart that I like on the scan, a daily chart pattern that appeals to my style of trading. Then ne ws research and find out the catalyst that caused the sudden move for the day for that ticker.  Go to a charting platform, pull the ticker up and start marking off key levels of support and resistance that had significant volume. Daily chart first, then 15 min chart, then 5 min, then 1 min.  Develop a bias or plan in your mind after seeing the pattern in a big picture. Think about what the buyers and sellers did previous day. Think about what they plan to do the next day. What you think does not matter, you need to get into the shoes of what the others think. The ‘what would I do if I were them?’ Question. Then write it down pen to paper! Very important! If it doesn’t go pen to paper, it will not register in your mind. It’s just...

Time for some content! Are you all ready? In this post I will attempt to debunk a myth, show you 1 of the long strategies I play since a lot of new learning traders are not too familiar with shorting yet, and also show you a ticker that I played today. And OMG a perfect call out! A lot of new beginning traders started out their journey in trading because they fell for the hype and all the glamour they see on Instagram, Twitter, and Youtube videos that some of these successful stock gurus posts. Making day trading look like it's easy money. I have been trading since June 2016 and I can tell you, I fell victim to that hype when I first started as well. As time progress and I begin my journey trading, I have eventually find out the truth the hard way. TRADING IS TOUGH WORK! Up until today, I'm still not a part of the consistent 10%. At least I don't consider my self to be so. Let me show you why I think trading is a tough gig: I made a perfect call out last night in my de...