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You can only eat what you kill.
It might bounce. It might tank. But whatever happens would offer great opportunity.
OPPORTUNITY is what sustains intraday traders.
Potential intraday trading opportunity..
[For me, this is what makes OGT easy. Pre-plan. Wait. Identify. Act. Slay. Get out]
OPPORTUNITY is what sustains intraday traders.
Potential intraday trading opportunity..
[For me, this is what makes OGT easy. Pre-plan. Wait. Identify. Act. Slay. Get out]
Steve and I teach our traders to locate important intraday levels and trade those levels.
Focus on stocks with fresh news; stocks in play.
Make decisions in TA, reading the tape and INTRADAY fundamentals.
Focus on stocks with fresh news; stocks in play.
Make decisions in TA, reading the tape and INTRADAY fundamentals.
There’s only so much volume to go around...
[Think about it.]
[Think about it.]
I do my best to master the “psychology of trading”.
When you’re getting beaten up consistently .... A good trader assumes the mentality that there is always an escape.
Driving. Thinking. Something he said in the book earlier I need to go back and find it.
“Perpetual learning”
“Traders around other traders....”
“Perpetual learning”
“Traders around other traders....”
“SMBchop Tracker”
Eliminate a lot of the low probability scalps and working more in the high probability plays and adding more size to them.
Added plays when his PNL spikes and concentrates how he can trade these plays better.
Eliminate a lot of the low probability scalps and working more in the high probability plays and adding more size to them.
Added plays when his PNL spikes and concentrates how he can trade these plays better.
Gman has been stopped out once.
What the fuck.....
What the fuck.....
Decrement
verbCOMPUTING
cause a discrete reduction in (a numerical quantity).
"the instruction decrements the accumulator by one"
"He loves to watch the big offer decrement, pay the offer and sell the stock when it slows into the upmove."
a reduction or diminution."
verbCOMPUTING
cause a discrete reduction in (a numerical quantity).
"the instruction decrements the accumulator by one"
"He loves to watch the big offer decrement, pay the offer and sell the stock when it slows into the upmove."
a reduction or diminution."
As traders we should step out of our comfort zone every day.
Risk-adjusted return
defines an investment& #39;s return by measuring how much risk is involved in producing that return, which is generally expressed as a number or rating. Risk-adjusted returns are applied to individual securities, investment funds, and portfolios.
defines an investment& #39;s return by measuring how much risk is involved in producing that return, which is generally expressed as a number or rating. Risk-adjusted returns are applied to individual securities, investment funds, and portfolios.
Never lose more than 50% in a day than you can make in a day.
Make $100 / day? Never lose more than $50.
Make $1000/day? Never lose more than $500.
Etc.
If you do, walk away.
Make $100 / day? Never lose more than $50.
Make $1000/day? Never lose more than $500.
Etc.
If you do, walk away.
The 7 Fundamentals
The trading doesn’t stop until the bell rings.
[Keep your ass bolted to that chair. This is not a leisure time. This is a job. It requires work, hard work, effort, dedication, perseverance and tenacity. Never be satisfied. Push one another ]
[Keep your ass bolted to that chair. This is not a leisure time. This is a job. It requires work, hard work, effort, dedication, perseverance and tenacity. Never be satisfied. Push one another ]
MARKET COMPETITOR CHECKLIST
•Read http://briefing.com"> http://briefing.com before bed to get some ideas what to trade tomorrow
•Where are they trading in the after hours and compare to premarket
•Get to work early. No later than 0800
•Read http://briefing.com"> http://briefing.com before bed to get some ideas what to trade tomorrow
•Where are they trading in the after hours and compare to premarket
•Get to work early. No later than 0800
•preMarket checklist
> What’re the ranges
> What’s the volume
> what stocks have news catalysts
> What’re the important levels
> read http://briefing.com"> http://briefing.com again and pick the best two stocks for the day for your style
>> Daily statistical Volume
>> Short interest
> What’re the ranges
> What’s the volume
> what stocks have news catalysts
> What’re the important levels
> read http://briefing.com"> http://briefing.com again and pick the best two stocks for the day for your style
>> Daily statistical Volume
>> Short interest
•Keys to successful morning prep
>Prepare mentally
>>Leave stress at the door
>>VISUALIZE winning days
>>VISUALIZE your trades
>>physical preparedness
>>>Stretch, hydrate and eat healthy
>Prepare mentally
>>Leave stress at the door
>>VISUALIZE winning days
>>VISUALIZE your trades
>>physical preparedness
>>>Stretch, hydrate and eat healthy
Complete multiple XYZ scenarios for all stocks in play.
Keep asking yourself if theirs easier stocks to trade.
Keep asking yourself if theirs easier stocks to trade.
HARD WORK
•who is buying who is selling
•is this stock stronger or weaker than the market
•is this stock stronger or weaker than its counter parts
•where is most of the volume being done
•how much volu at price causes stock to move up or down
•what is the spread
•who is buying who is selling
•is this stock stronger or weaker than the market
•is this stock stronger or weaker than its counter parts
•where is most of the volume being done
•how much volu at price causes stock to move up or down
•what is the spread
HARD WORK
•how quickly does the stock move when it wants to find another price
•are there any big prints
•is the stock trading in any particular pattern
•how quickly does the stock move when it wants to find another price
•are there any big prints
•is the stock trading in any particular pattern
•STALKING•
If you are trading a stock and it does not offer EXCELLENT risk to reward then move on.
[There are plenty of other _intraday opportunities_ out there. Train your brain to find them]
If you are trading a stock and it does not offer EXCELLENT risk to reward then move on.
[There are plenty of other _intraday opportunities_ out there. Train your brain to find them]
Second day play
•ADM sold off from 45 and was not able to break 43.90. The next morning after the open ADM dipped below 43.90
I immediately shorted because I j re that that level could not be breached the day before. ADM quickly traded lower.
[VAH break? Target prior VWAP?]
•ADM sold off from 45 and was not able to break 43.90. The next morning after the open ADM dipped below 43.90
I immediately shorted because I j re that that level could not be breached the day before. ADM quickly traded lower.
[VAH break? Target prior VWAP?]
EASY MONEY
•Most of the money you will earn in trading will be easy money.
You will see something in your screen that signals a GREAT trading opportunity for you and you will pounce.
•Most of the money you will earn in trading will be easy money.
You will see something in your screen that signals a GREAT trading opportunity for you and you will pounce.
Learning to get stocks at the right price is a skill that good intraday people traders learn. It’s a very important skill.
Watch your screens and good plays WILL emerge.
Good risk reward setups WILL appear.
Consistent and profitable traders do not force trades.
[Embrace the wait]
Watch your screens and good plays WILL emerge.
Good risk reward setups WILL appear.
Consistent and profitable traders do not force trades.
[Embrace the wait]
Your job as a trader is to exploit excellent risk reward opportunities.
[Your JOB as an intraday trader is to EXPLOIT intraday trading opportunities.]
[Your JOB as an intraday trader is to EXPLOIT intraday trading opportunities.]
Support trades.
Breakout trades.
Range plays.
Momentum plays.
Trades to hold.
Master the basic trades first.
Breakout trades.
Range plays.
Momentum plays.
Trades to hold.
Master the basic trades first.
If you pretend to know what you’re doing when you start you will quickly just prove that you don’t.
You need reps.
Experience will be the cure.
You need reps.
Experience will be the cure.
