252 trading days per year:
$200/day = $50k/year
$400/day = $100k/year
$1k/day =$250k/year
$4k/day = $1M/year
Notice it doesn't take much to make big money!
CONSISTENCY is the KEY! Gains add up quick when u don't have wild big swings (losses). Stick to your plan/rules daily!
When I quit my job to focus solely on trading, I worked non stop w/o vacations for 3+ yrs. Every $$ made stayed in my trading acct. Even when I was making $$ I never splurged.
Live like a pauper until u meet your goals...
Steps:
1. Make $
2. Use profits to make more $
3. Repeat
My Early Morning Trading Routine:
1. wake up early see what gapped up big
2. research news'info to find out catalyst/reasons
3, find out what my edge is on plays
4. rank plays in order of edge/easy money/low hanging fruit
5. make a top 3 list and FOCUS on those! FOCUS is Key!
LONG THREAD On How It Finally “Clicked” For Me Trading:
I lost a lot of $$ when I started trading. That’s b/c when I started I thought the stock market was random. I thought it was pure gambling. I went for home runs. I hit many HRs, but always stuck out in the end, losing all
Every day i remind myself how fortunate i am to be able to do what i love. Whenever i complain, I humble myself as I once made $3.75/hour my first job
#perspective
#neverForget
252 trading days per year:
$200/day = $50k/yr
$400/day = $100k/yr
$1k/day =$250k/yr
$4k/day = $1M/yr
Some Rules which kept me alive:
1. avoid shorting float rotation stocks (low float) on day 1
2. avoid shorting strong stocks late day
3. leave midday if u must to avoid the grind
4. when shorting, stop out on high of day break
It’s not the profits but how u made it that determine your success as a trader.
Making a one time big P&L may not change your life much; but learning how to make $100/day consistently will change your life forever!
U cannot make $1k/day w/o first learning to make $100/day
if u cannot make $100 a day consistently, how do u expect to make $1,000/day?
be consistent first with SMALL size then gradually move up. b/c when more size is put on, so will be the added pressure & anxiety!
it's not just the technical skills u must master, but also the mental
52 weeks per year:
$962/wk= $50k/year
$1,923/wk = $100k/year
$4,808/wk =$250k/year
$19,230/wk = $1M/year
Notice it doesn't take much to make big money!
CONSISTENCY is the KEY! Gains add up quick when u don't have wild big swings (losses). Stick to your plan/rules daily!
Most ppl’s nightmare is losing their job. My nightmare is having to go get a job!
I’m blessed to be able to do what I love. But it took a lot of time & hard work!
Yes, it took me decades to become an overnight success.
Hard work beats talent when talent does not work hard! 🙏
when i first started trading i used to want to trade every stock that moved.
now each morning i make a list of top 3 stocks to focus on.
so size up more on the top plays, and avoid the marginal ones!
how many times have u tried to trade everything & end up missing everything?!
Simple math: Five .20 scalps = $1 in gains
"Recycling Shares"
Trading Around a Core
Being a "scalper" does not have to mean being a piker
This reduces risk & stress of holding extended periods. And u get to sleep well at night :)
This is one type of many diff trading styles!
Hate against $TSLA Elon is incredible. u want an American automaker who employs tens of thousands of Americans to fail?! This holiday reconsider your life & become productive with your energy instead of constantly trolling, hating & bullying others for a few likes on social media
Many traders dont understand its better making $400 a day every single day than to swing up and down many thousands a day and ending the year about the same stressed out. For a part time trader, $400/day, $100k a year is huge and can be life changing!
Key is become CONSISTENT!
Ok let’s try for a FURU free week! Also I will try to limit my cursing during daily recap!
Also how about a free Daily Recap webminar for everyone on my stream! No membership needed!
Give enough likes & I will make it happen & give away LIVE free interactive webinar this week!
As you get more experienced trading, you will realize that making money is easy. Holding onto those winnings is the hard part!
FOMO, greed, arrogance, anger, fear, etc. and all sorts of mental anxiety are the hardest part of trading to control...
It took me around 15 yrs to achieve my “dream”, what I thought would make me absolutely happy. When I reached that goal, I became incredibly DEPRESSED, suicidal, constantly felt empty, thinking “now what?”
Turns out the fun/happiness was the journey itself & NOT the destination!
Lastly, if ur trading solely for $ there are plenty of other things that is MUCH easier to do to make $ than trading. Most will fail & lose
U must LOVE it for more than just $! I love it as it is a battle against myself. No one to blame but myself. I am in control of my destiny!
Wonderful read on classic stock manipulation!
————
The secret trading strategy from the 1930s that hedge funders don’t want you to know about
Wyckoff walks us through the process of how a large operator will manipulate a stock up or down.
@FightHaven
i hope they get put away and euthanized to save the world from this domestic terrorism
need to get TOUGHER on these types of crimes! this type of crime is one which leaves the victim brutalized mentally PTSD for LIFE! so a LIFE sentence would be OK with me!
Every time I lost big was because my starting size was way too big. Start slowly and scale into your position. Add to winners. Give your trade room to work. Make a plan before you even click the mouse. Know beforehand where to add, where to sell & when to cut losses!
#MRockRulez
@ChicagoTraderrr
Matt, my heart and prayers go out to you. My deepest condolences. We wanted to send flowers or whatever but sadly that is not safe. So the best thing we can do is self quarantine so we don’t hurt anyone else. So sorry bud
🙏🙏🙏❤️❤️
Was at Target. Family w/autistic child couldn't pay, calling bank b/c card bounced
I paid it forward paid for them $275. They were in Shock. I said I won the lottery & just paying it forward ❤️ & when they can to help next guy
I do this often. We so blessed 🙏
#payItForward
Hardest skills to develop but essential if you want to stay in the game:
- Must be OK with missing a trade & NOT trading (avoid FOMO)
- Must be OK with taking small losses b4 turns to big loss
- Must be robotic/systematic: follow process/plan
- STAY HUMBLE else markets humbles u
These “Murder Hornets” have made their way to America for the first time and what you’re seeing here is one hornet killing a mouse within seconds.
What a crazy 2020 and we are not even half way through!
#MurderHornet
I blew up many accts when I started trading. Everyone called me a gambler as I kept losing. But I believed in myself. I took an equity loan from my house then rest is history.
Even if I failed, it’s ok. Only regrets are chances u never take in life, so go ahead, bet on yourself!
Be careful who you spit on.
And for those who says don’t touch a woman... that is no woman, it’s beastly animal scum!
With so many racial assault against Asians due to Covid paranoia, it is good to see Asians fighting back!
When I first started trading I never imagined I can achieve these levels. I just wanted to supplement my income from my day job. How amazing is it to be able just to make an extra $250, $500, $1k a week? For many this is life changing! Many who “made it” forget this. I don’t. 🙏
Come on
@timothysykes
drink with me. I’m on probably my 5th shot of tequila trading haha. Was up $3k can’t even see the screen lost $500 back so up $2500 should I stop? Zombie hour
Fun trading with the legend Sykes!
if i get over 100 likes i will do an IG Live recap today. will be a good one regarding psychology of the trades today as i woke up late and was pissed off but kept cool and shocked to see so many movers AFTER the market opened that i never had set up pre mkt & how i dealt with it
u know you are going to majorly DISRUPT the industry when all the other services starting to pick up their game, all making MAJOR CHANGES to their system in anticipation of your launch.
While others IMMITATE, I will continue to INNOVATE.
One week away guys...
used to be a time I posted P&L’s every single day for a yr. Then haters said they were photo shopped. Just few yrs ago many top traders came out to help others & post P&Ls too. They too got hate. GUYS, take the help & stop demanding more b4 they all stop helping u. It’s YOUR LOSS
Keys to my trading have been:
1. got up early 4:08am
2. watch scanner & research (filings, etc) on the plays
3. make a list of top 5 and narrow to 3 i want & 1-2 main to focus
4. make a plan for entries & exits (both stops & profit taking)
5. stick to plan for entries & exits
@AndrewYangVFA
Maybe they should of thought about that before signing on the dotted line and then majoring in a useless degree. Like stocks, education is an investment. You screwed up; why am I paying for your mistake? No one forced you to spend $100k to study 17th century Art!
@AndrewYangVFA
i am a full time trader... but most of my time is not spent trading. most of my time is spent OBSERVING and PLANNING and WAITING for the plan to take effect, WAITING for the stocks to come to my areas. If not, I pass!
Being a full time trader does NOT mean trading all the time!
Pro Life Tip: enjoy the journey. Because when u get there, you will realize the journey was more fun than the destination. It’s like saving to guy something u really wanted. Then when u have it, the novelty wore off in such a short time.
I will back a politician that will eliminate the Pattern Daytrader Rule!!!
Please retweet and let’s find a politician we can get behind us to Make Trading Great Again!❤️👏🙏💪👍
$GME reported early to fuck Kitty and the holders.
GameStop were originally supposed to report earnings on 06/11/2024 after market close
Watch them work on an offering too. The company insiders themselves are the problem!
Never let a big win go to your head and never let a big loss define who you are!
“Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”
– Robert T. Kiyosaki