Raghee Horner

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Raghee Horner

Raghee Horner

@RagheeHorner

I believe The Matrix is a documentary. Coffee is the fifth food group. And trading is really self discovery disguised as a candlestick chart.

Beigetreten Mayıs 2008
27 Folgt26.8K Follower
Raghee Horner retweetet
Brian Shannon, CMT
Brian Shannon, CMT@alphatrends·
I have read all the @steenbab trading psychology books over the years and his newest one is another must read! In Positive Trading Psychology, Brett Steenbarger shifts the focus from "fixing" flaws to amplifying the strengths that actually drive performance. Drawing on his deep experience coaching elite institutional traders at the highest levels, Steenbarger provides a rare look at the mental habits of the top 1%. What makes the book truly credible, however, is that he’s not just a theorist, he’s a trader himself. By sharing his own experiences, he delivers a "solution-focused" framework that is both practical and objective. It’s a sophisticated guide for any trader looking to move past the "fear and greed" cliches and build a repeatable, process driven edge. amazon.com/Positive-Tradi…
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Joseph Fahmy
Joseph Fahmy@jfahmy·
A few things I'm constantly reminded of: - Don't share big ideas with small minded people. They just won't get it. - Learn to think on your own, or else others will do the thinking for you. - Take risks once in a while or you'll be in the same shitty place forever.
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Brian Shannon, CMT
Brian Shannon, CMT@alphatrends·
Friendly reminder
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Raghee Horner
Raghee Horner@RagheeHorner·
When traders ignore Dow Theory, they miss important clues about trend direction and momentum. Learning how Dow Theory applies to modern charts helps traders stay aligned with the bigger picture instead of reacting to every move. youtu.be/oj7TG-VJnTM?si…
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Raghee Horner
Raghee Horner@RagheeHorner·
One traders crash is another trader's treasure.
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Raghee Horner
Raghee Horner@RagheeHorner·
Tough trading week? Become a better trader. How do I become a better trader? Start with a "risk first" mindset. How do I become a 'risk first' mindset trader? Think of every trade from the standpoint of "what will this cost me if I am wrong?" Does that mean we don't think of profit? No, it means that if the trade cannot make more than the risk, do not take it. Become a better trader by becoming a better risk manager.
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Steven Goldstein
Steven Goldstein@AlphaMind101·
The biggest flaw in every trading system, is the human-being operating and managing that system.
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Raghee Horner
Raghee Horner@RagheeHorner·
The five most commonly asked questions I get with very real world (unpopular) answers: "Can I start trading with $500 dollars?" Just like any business, starting undercapitalized makes for a tougher start, and no. "What is your win-rate?" Historically I win 62-68% of the time. Higher in uptrends, lower in chop and even 50% is not unusual in very choppy, volatile market. HOWEVER the REAL numbers that matter are average win versus average loss. then and only then, win-rate. Oh here's a good one: "Why do you teach?" This one always was interesting to me because I get the skeptical gist of it. I didn't ever intend to teach, but when people find out you trade, they ask questions, lots of them, and my time and experience are valuable to me. I would not expect anyone to do that for free. Plenty of successful, rich people sell their time and experience. "Why do you share your indicators?" Because it does not hurt my returns in any way. Now if I decode the market like Jim Simons, no one will hear a peep from me again. No one knows the "secret algorithm" to the markets. Size rules because that controls the most order flow. It's all displacement and physics. Since I have a unique way of seeing support, resistance, trends, and volatility I do not mind to share that. It has benefited a lot of other traders while not in any way hurting my personal returns. "Can you make a living trading?" Only if you have enough capital. For example, if you have a $25,000 account and can make 10-20% return per month - which contrary to most social media claims - is pretty darn good and that is $2500-$5000/month before taxes. (I am not including prop firms here since I trade my own capital.) The social media mythology around lofty returns and low risk has been the doom of many a trader and I will not contribute to it. "Are the markets rigged?" Yes, to the upside. Bulls make money. Bears like being on TV. Risk Management is #1. Believing in anything else will cost you money. If you can't make at least 12% annually, buy the SPY and stop trading. The majority of retail traders are reckless gamblers and blame anyone but themselves for their losses. This is a hard way to make money. But it is rewarding if you have the discipline to do it.
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Raghee Horner
Raghee Horner@RagheeHorner·
A few minutes scrolling tonight and I can see the doomsday narrative is in full force. Anyone keeping count on the number of “this is it” calls we’ve seen in the last 2-5 years? Too many to count. Most were buying opportunities. Japanese 10- and 30-year government bond ‌yields hitting highs is certainly worth keeping an eye on but otherwise…tune most of this noise out, find the relative performers, keep some defensive stocks in play and stick to disciplined position sizing and risk management. It’s the only thing that’s ever worked over time. Stay safe! Stay patient.
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Raghee Horner
Raghee Horner@RagheeHorner·
@william_R2Rclub It’s definitely a more long term view for me - not day to day - but month to month. Weakness into support aka buy the dip on the weekly is the plan.
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Raghee Horner
Raghee Horner@RagheeHorner·
Traders and investors have accepted a hold in cuts until after May. The Dow and Russell continue to hold their trends and it’s tough to be a bear now and even less reason to be after May. Am I bullish? Unapologetically. More on why later this week.
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Josh Schuler
Josh Schuler@tradewithprof·
Say it with me, “process IS the profit”
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Raghee Horner
Raghee Horner@RagheeHorner·
Playoff Football Trading Thought: The offensive line protects the QB just like a stop loss protects the account. It’s not the flashy plays and deep throws, it’s protection that wins the game.
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Raghee Horner
Raghee Horner@RagheeHorner·
I like to remind myself on the third Friday of every month, there are huge sums of dollars seeking to leave as many options worthless as possible. Now this is not the same thing as max debit. This is actually looking at high Open Interest (OI) levels and asking a really simple question: Where does price have to close - within reasonable proximity - to current levels to render the greatest number of puts OR calls (whichever has cumulatively higher OI) worthless? Those are potential support levels for me today.
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