NOBS TRADES 🇺🇸

You can learn as many setups as you want... but until you LEARN to EXIT losing trades you will be stuck in "TRADERS HELL" Remember this... the more you lose in a trade, the less objective you become. EXITING a losing trade quickly clears your head and restores your objectivity.

The longer you trade the longer you reach for simplicity. Complex trading only makes things more complex. Where you learn is from your drawdowns. Trading out of drawdowns is where you grow as a trader… and where see what works and what doesn’t work. Most traders will just stop because of the pain of losing (money, face or worse the humiliation of not following rules). Testing your rules teaches you humility. To accept the losses and learn what you did right and what you did wrong. Early in my career I used to record my trades on paper and each week I would review them… this was a form of testing. If you don’t review your trades, you can’t possibly know what is going wrong. I call out trade stats each day and people will say how do you know this? Simple, after you had your ass kicked in over 10 or 20 years you start to see patterns and they repeat every day. These pattern allow you to form discipline in the markets. You can recognize three attempts in one direction and you’re wrong. Fade the trade. See what happens. These things can be coded and then you go back and look at the probability. Your brain is always thinking this way but if you’re too caught up in the moment, you miss this valuable information. This is where emotional discipline comes in and you have to review your rules. If you make changes… you have to test them first. Well, if I just keep firing away what happens? You start to see how small drawdowns turned into blown accounts. You have to record all your trades or you’ll never see when and when you went on TILT and just start throwing money away. Right down your RULES and then test them on 1,000 trades. Don’t bend them and don’t alter them at all. You will see what. works. If you change ANY of the rules while your testing your just fucking with the system to Appease-your brain. Most people never get to this stage of testing their rules and this is why they are stuck in constant discovery mode. Constant discovery mode is where you are chasing indicators, systems and setups. It’s an endless cycle of perfectionism.

@RSH_Trader Thanks buddy coming for you that’s a big compliment 👍

@NOBStrades Exactly

Follow price… don’t try to predict it. This is hard for many traders because of their timing and entries suck. If you’re using an 8 EMA… look at where you enter the trade. If the 8 EMA is too far away from moving average what happens to the trade? The trade pulls back and you get stopped out. You want to get in as close to 8 EMA as possible. The most important part of using a moving average is the slope of the moving average. Most traders are right about the direction but their fills suck because they are late. Don’t look for multiple confirmations. Look at the structure of the trade. Is it making higher highs with higher lows… then look to buy it close to the 8 EMA. Conversely, if the market is making lower lows with lower highs then look to sell it. If you can’t see the structure, don’t trade the market it’s probably stuck in a range and will chop you all to shit… so just wait. If you look at FLIPS when the 8 EMA changes direction you can see the market in a totally different way. Go back and look at your trades… how many trades are in the opposite direction of the 8 EMA??? This will show you how you’re on the wrong side of the market. Will this work on every trade… NO. Does it ever miss a large move… NO. I tell people I’m a 33% trader. This means for every trade I’m wrong 66% of the time but I don’t give a shit because I know the NASDAQ will have 350 tick swing in the next 6,7 or 8 swings and that is my money trade. People are so focused on being RIGHT that they forget what their objective is and that is to make money. FUCK TRYING TO BE RIGHT… have an account size that allows you to be wrong on 6,7 or 8 trades… it’s going to happen. I’ve seen some extreme cases of 10 losing trades. That means if using 20 tick stops in the NASDAQ I need to make 280 ticks in order to make a profitable day. You will see 2 or 3 (350 tick swings) in the NASDAQ everyday by 11:30am Most traders are not prepared for this and this exactly why they get stabbed in the back everyday, every week and every year. Losses happen people… get it through your head. Markets can’t be predicted, but they can be followed and that’s where your edge is for trading profitable.

@WallyWinnie 1 - minute

@NOBStrades What timeframe/s?

I now trade FLIPS on an 8 period moving average and it’s so simple a fuckin 8 year old can do it. These assholes out there selling you on OrderFlow and TPO are perfectionists. They think the market offers you an explanation for every swing. Give me a break. Do you think Goldman Sachs is gonna spoon feed you their objective? It’s a marketing/ Sales tool and you’re getting sucked into their thinking by buying their Bullshit tools. Do Great trades happen from these tools? Yes, but I can show you these same trades can be applied using a Simple moving Average that never misses a move. Does it have losing trades? Absolutely, but I don’t worry about them because I’ve have the account size to sustain the drawdown. This is precisely what vendors don’t talk about because they are too busy selling you on perfection and high winning percentages. Wake up and smell the Bullshit before you drain another account.

@Freddy_D_1 Send me your email address and I can show it to you in the room tomorrow 👍

@NOBStrades Can you please explain what a flip is and how you trade this?

@VolumeFutures 8:30 am EST and 11:30am EST

Watch any Twitter or X video then watch the videos that follow after the first video and what do you see? This is exactly what your trading is going to be like: A SHIT SHOW… if you haven’t noticed by now. People are trying desperately to get your attention and to sell you the next Bull shit indicator to make you profitable.

I often tell traders who are looking for the perfect setup or system… Look, whatever you trade or whatever setup is involved… you’re going to have loses. There is no perfect setup or system out there. I’ve spent 40 years looking at the data… it doesn’t exist. So Fuck perfection. Look for a way to accept losses. Can you handle a series of losses? Your rules need to be clear, written down and tested on at least 1,000 trades. Once you do this you will understand how the market works and you can plan accordingly. Trading Micros… put in $5,000 Trading E-Minis… put in $20,000 Don’t have that capital to trade, then you are under capitalized. Whoever told you can start with less is a fuckin moron and doesn’t understand the trading business. Every sales pitch is about Indicators, systems and setups. How many of these fuck wads talk about money management? Stop chasing perfection and learn your craft… how many losing trades can I expect using my current rules? Trading is not difficult, but you can’t build anything on hope, you have to test on the rules that you will follow.

@otokyo__ Nothing. Get your ass up and drive to the Drug Store… it’s the same for Drunk driving, what the fuck where you thinking for getting behind the steering wheel? You weren’t thinking.

Please help

@honeymoon250 The guy sucks as rapper. How the fuck did he amass a fortune as a rapper ??? People are fucked in the head that listen to him.

$10,000,000 to never listen to a Jay Z song again. Are you taking the offer?

@nut_history Who cares it’s in the past 🎭

Safe or out

No, ask yourself why you want to cut it shorter? It looks great the way it is. Do you feel like you’re getting older and need a change? Love your life for now. You’re always going to get older… let time catch up with you and then go shorter. Maybe an inch or two will postpone this for now, but you can pull this off with no problem 👍

Should I cut my hair shorter or not !? 🤔

@Darkdarling00 Linda Ronstadt… what are you 20 years old

Ok, here is one I am sure no one Knows who this is! At least 90 percent don’t recognize her here!

@AdzoMaximiei5 #3 but plan on doing some drywall the next day to fix the walls 🤣