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Chu Trades
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Chu Trades
@ChuTrades
Full time Trader | Playing Probabilities
Katılım Kasım 2022
469 Takip Edilen75.3K Takipçiler
Chu Trades retweetledi

Honestly, I held the same view for a long time, that saying charts "predict" felt like an overclaim, something noobs said before they got humbled by the market. There's a whole culture in trading around performing that humility, distancing yourself from the idea that you know what price will do, and for good reason. So the instinct to reject the word predict isn't wrong, it's just that most people never interrogate what they actually mean by it and end up making a semantic distinction that doesn't hold up under pressure.
The core issue is that "predict" has been unconsciously loaded with a meaning it doesn't have to carry. He is using "predict" to mean something like forecast with confidence or determine future price, essentially treating it as a strong claim about certainty. And under that definition, sure, charts don't predict. Nothing really does. But that's a strawman version of the word, because nobody serious is claiming that. The weaker, more defensible definition of predict is simply to assign differential probability to future outcomes based on present information, and under that definition, everything he describes is prediction by necessity.
And when you pull on that thread far enough, you arrive at something important. The entire point of using signals is that they carry predictive value. That's not incidental to their usefulness, it is their usefulness. A signal that tells you nothing about the probable future behavior of price is just noise with a name. When he says charts show a "tell on asymmetric R:r trades," he's describing a signal whose value comes entirely from its forward-looking implication, that price is more likely to do one thing than another from this particular setup. Strip out the predictive value and there's no trade, no edge, nothing. So the whole framework he's defending is quietly built on the very thing he's saying he doesn't believe in.
All just semantics.
The Factor Report@PeterLBrandt
Charts charts and more charts I do NOT NOT believe that charts predict price. Never have believed this Here are the values of charts: 1. Show the path of least resistance 2. Show likely level of support/resistance 3. Periodically provide tell on highly asymmetric R:r trades
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Chu Trades retweetledi

Trade like you had $10M or more:
• Be in the mindset that you already have enough capital. Less pressure. No need to force mediocre setups just to feel active.
• You can afford to wait patiently for the true fat-pitch trades.
• Focus on capital preservation first. One bad decision should never jeopardize your entire account.
• Size positions so that no single trade can hurt you emotionally or financially.
• Accept that most days there is nothing to do - and that’s perfectly fine.
• Think in terms of long-term equity curve, not daily P&L swings.
• Let winners run. Big accounts grow from a few large moves, not constant churning.
The paradox:
When you start trading like you already have $10M,
that’s when your account starts to compound the right way.
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“Honey, care to explain why there’s a stray earring in your car? And why you didn't come home until 3:00 AM last night?”
“🤣🤣🤣 There is a lot of FUD being spread. Can’t believe you’re buying into it. The fundamentals of this marriage have never been stronger. Ask my friends. I am currently heads down, BUILDING a surprise for our anniversary and you’re spreading FUD? This household is SAFU. Keep building.”
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Chu Trades retweetledi

If you TRULY want to become a profitable trader
Go balls to the wall - save 6 months of expenses, leave your job and work on your trading for 12+ hours a day
Take an unpaid leave of absence
An unpaid personal leave
Or if you just work in a super-market - QUIT, it should be pretty easy to get a job in something like this again if you have to
Think about it - if you’re working 2 hours on your trading each day now
Then this 6 months will be the equivalent of 3 YEARS of work on your trading at your current rate
You go through years of failure, lessons and experience in a few months
You may even be profitable by the end of it depending on how far you are into your journey
I did this when I was learning how to trade - used savings from my ecom business and want all-in on trading
If I had only treated trading as a part-time gig I might’ve never made it to where I am now
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Chu Trades retweetledi

“Trading is hard”
No, it’s not
Clicking a few buttons on a laptop isn’t hard
Working 14 hour shifts of back-breaking manual labor on oil ships and not seeing your family for months at a time - THAT is hard
We’re blessed to be able to make good money in the comfort of our homes
Never forget it
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Chu Trades retweetledi

When I began trading in 1983, the Dow hovered above 1,000.
Last week, it surpassed 50,000!
Back then, I was told the market was too high, that trading was gambling, and I should find a “real job.”
Today — 43 years later, with a nine-figure net worth — trading is still my real job, and the critics are still spreading the same tired fear.
Ignore the negatoilets.
Those who discourage lack courage — and they certainly don't have a track record worth emulating.
The stock market offers the greatest wealth-building opportunities on earth, every single day. Develop the right knowledge & skill, and it will pay you for a lifetime.
minervini.com
minerviniprivateaccess.com

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Chu Trades retweetledi

To be efficient as a trader your strategy has to evolve.
I was always a systematic trader but I switched totally into algorithmic trading in the last 12 months.
This means that all my trading is driven from data and not subjectivity
Emotions, ego, doubts, fomo will kill your trading.
Data is the edge.
If I could go back in time, this would be the way I wish I had when I first started.
So work not only on improving your discipline but changing radically the way you trade.
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Chu Trades retweetledi

I saw online that Warren Buffett made over 98% of his wealth after age 65. Felt like classic misinfo. Turns out it’s actually true but also understates his early day compounding.
Some of Buffett’s wealth shifts were truly crazy.
Age 30 he had $1m.
Age 50 he had $250!! (wtf!?!?)
Age 60 he had $3.8b!! (wtf??)
People attribute this compounding to time, but that is such a misdirect.
Based on the rule of 72, given market returns he should have doubled his money maybe every 9 years.
Yet he did 250x over 20 years!!
Buffett’s wealth really speaks to the power of how exceptionally high returns can compound over time…
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Chu Trades retweetledi

I want to take a moment to speak directly to my good-hearted followers. I love you, and I truly wish the best for you.
There are two lies you should never let anyone convince you of:
1. “The best opportunities are gone. It’s different this time.”
That’s one of the biggest loads of bullshit ever sold. There are always opportunities. Very little actually changes—only the names of the companies and the players. In fact, it’s never been easier to build wealth in the stock market and in the world at large for those willing to learn, adapt, and execute.
2. “You’re incapable or unworthy.”
That lie is even more destructive. There was a time when success was largely reserved for the blue bloods—yet even then, rags-to-riches stories thrived in America. Today, more than ever, the playing field is leveled and the possibilities are limitless. You are not only capable—if you apply yourself, you are probable. The odds are in your favor, but only if you learn how to play them and stop engaging in self-defeating behavior. It all starts with believing you deserve success and believing you are capable—because you do and you are. But be patient with yourself. Great things and great talent take time to develop.
Bottom line: The past is dead, the future hasn't happened yet. What you do today is what counts. Forgive the past and commit to doing the work necessary. You are here for a good reason. Get to work, and stop listening to those who discourage you. The only people saying "it can't be done" are those who never did it themselves.😇🙏

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Chu Trades retweetledi

Everyone can become a trader. But not everyone is willing to do what it takes.
My honest view on it 👇
I truly believe this. After many years of trading myself and working closely with traders in my coaching and inside my community, I’ve seen the same pattern again and again.
The traders who became successful didn’t start strong.
Most of them struggled badly at the beginning. Just like I did 15-20 years ago.
What separated them wasn’t talent or intelligence.
And it definitely wasn’t luck.
Here’s the real difference I’ve observed over the years:
• The successful ones were willing to put in hundreds, sometimes thousands of hours into their trading system.
• They built chart books. Pattern books. They studied past winners and their trades again and again.
• They stopped jumping from strategy to strategy and went deep into one approach.
• And they worked just as hard on their mindset as on their entries and exits.
The non-successful ones?
They usually stayed only a short time.
They knew everything better.
They wanted results fast.
They weren’t willing to do boring, repetitive work.
They looked for speed instead of depth.
What always impressed me most:
Some of the successful traders changed destructive behavior in just a few weeks. Not because it was easy — but because the pain of staying the same was bigger than the pain of changing. They suffered enough to finally take responsibility.
This isn’t about motivation.
It’s about willingness.
Lazy people don’t become successful traders.
There’s no shortcut around the work.
And there’s no version of trading where you skip the years.
Every trader I’ve seen succeed worked with me for years, not weeks or months. We refined systems. We reviewed mistakes. We adjusted mindset. Slowly. Consistently.
It was exactly the same in my own journey.
And honestly — I wish someone had told me this 20 years ago:
Sit down. Do the work. Build the chart books. Train your pattern brain. Fix your behavior. Give it time.
Not months.
Years.
If you’re willing to do that, you can become a trader.
If not, the market will expose you sooner or later.
I think everybody can learn this — if they’re serious enough to stay.
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Chu Trades retweetledi

Years where nothing happens, then weeks where years happen.
This is the reality for most traders, me included. Years of losing, breaking even, highs & lows, inconsistency... nothing working.
You're 4 years in and have nothing to show for it. But then you turn the corner...and you make back 4 years of losses in 6 months.
Gradually, then all at once.
You’re delusional if you think you won’t have to pay to learn this craft...medical school is $500K, MBA is $200K, law school is $300K.
But you're just gonna waltz into the most competitive game in existence and beat the market in year one? or two?
Gotta pay the piper. Part of the game.
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