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📚TraderLion’s Recommending Reading List 📚 (Thread)
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1. How To Make Money in Stocks - William O’Neil
William J. O'Neil is the founder @IBDinvestors. His #CANSLIM methodology and studies have influenced us at TraderLion & many authors including those in this thread.
amzn.to/3tfMp9u
William J. O'Neil is the founder @IBDinvestors. His #CANSLIM methodology and studies have influenced us at TraderLion & many authors including those in this thread.
amzn.to/3tfMp9u
2. Reminiscences of a Stock Operator - Livermore
Reminiscences is the biography of Jesse Livermore, one of the greatest speculators who ever lived. More than 80 years later, it is still one of the most highly recommended investment books ever written.
amzn.to/2Rtkt4R
Reminiscences is the biography of Jesse Livermore, one of the greatest speculators who ever lived. More than 80 years later, it is still one of the most highly recommended investment books ever written.
amzn.to/2Rtkt4R
What to do if you are not trading well. (Thread)
Impatience and instant success are built into our minds from the get-go. We want instant wins and instant rewards.
This has as much to do with our psychological build-up as it does with the society we live in.
This has as much to do with our psychological build-up as it does with the society we live in.
In this thread, we will cover:
What to do if you are not trading well.
How to stop the drawdowns when no progress is being made.
How to have a systematic process that protects you from yourself.
What to do if you are not trading well.
How to stop the drawdowns when no progress is being made.
How to have a systematic process that protects you from yourself.
What to look for when the market gets volatile. (Thread)
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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.
As certainty returns, price action becomes tighter and more rational.
10 Lessons I Learned While Working With William O’Neil (Thread)
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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.
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.
Start by taking good care of your physical and emotional health.
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.
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.
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.
So, let’s get a clear understanding of how and why this is so important and what this might look like behind the scenes.
