Martin Pickett

253 posts

Martin Pickett

Martin Pickett

@melbougroup

Katılım Mayıs 2025
114 Takip Edilen130 Takipçiler
EliteOptionsTrader
EliteOptionsTrader@EliteOptions2·
People waste years losing at trading until they learn this SIMPLE STRATEGY. They had too many indicators. A new system every losing week. No real framework underneath any of it. Here's what actually works. Four things. Levels: where price has actually reacted before. Context: what the broader market is doing around that level. Sizing: small enough to repeat 100 times without hesitating. Discipline: follow the plan you wrote when you were calm. That's the whole framework. Complexity is the beginner version of trading. Want to become elite? Keep it simple.
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Tony Trades
Tony Trades@ScarfaceTrades_·
Trading didn’t come into your life for money. It comes to give you patience, give you emotional intelligence and increase discipline. Trading will unlock your full potential not just financially but every aspect of life.
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EliteOptionsTrader
EliteOptionsTrader@EliteOptions2·
Focus on being the calmest guy in the room. That’s a good sign you’ll become a great trader.
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Cole
Cole@StockOptionCole·
Sorry. The Strait of Hormuz is closed on the weekends. Please come back Monday-Friday opening hours of 9:30AM - 4PM EST
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spacemonkey
spacemonkey@spacemnke·
Choppiest trend day ever
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Martin Pickett
Martin Pickett@melbougroup·
@ohiain This is great advice and I generally do the same. But if the 1st trade hit my daily target then I will close the charts down as I don’t want to lose my edge or give it back to the market :)
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iain
iain@ohiain·
I don't think in terms of, "Can I take a second trade today?" I think in terms of, "Have I earned the right to take more risk?" I always start with 1 position at a time. If that first trade starts working, gives me cushion, and proves my thesis is right, then I've earned the right to either add to that position or initiate another position. That's how I gradually build exposure. For example, let's say I buy my first position at 10% of my account while only risking 1-3% overall. If that trade works and I'm sitting on a nice profit cushion, I may add another 10% to the same name or put on a second position in another leader. If those continue working, I'll repeat the process until I might be 60%, 80%, or even 100% invested. The important part is that my exposure follows my FEEDBACK. If my positions are working, I'll naturally become more aggressive. If they're chopping around, stopping me out, or the market isn't rewarding my setups, I immediately stop adding exposure and often do the exact opposite by cutting risk + sitting on hands. So yes, it's absolutely possible for me to take a second position the same day. Sometimes I'll even add multiple positions in one afternoon if leadership is expanding and my existing trades are paying me. But none of that happens until I've built CUSHION first. I've found that progressive exposure keeps me in sync with the market. Instead of trying to predict when I should be aggressive, I let my open positions tell me. 1) When they're making money, I simply press. 2) When they're not, I slow down. That simple feedback loop has probably done more for my consistency than almost anything else.
Luca Schweitzer@Quench02

@ohiain Hey Iain, thanks for the great Insight! Do you take on a second position if the first one works the same day? Or do you wait a day after taking more exposure?

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Tony Trades
Tony Trades@ScarfaceTrades_·
I was the “happiest” when I made my first $10k in a month. I felt like a billionaire. I felt like I could do anything. I felt like I figured out the “system.” Why? It’s because it was the FIRST time I made money in a non conventional way. Your whole life your told: “Work hard, go to school, get a job, retire at 60” To me this narrative felt flawed. Why would I work my whole life to enjoy the rewards when I have the least amount of time left. When I made $10k/month as a trader I finally saw the light. I saw what I could accomplish. It didn’t matter about age, race, religion, connections. As a trader everyone starts off the exact same - a burning desire to make money and becoming the version you always pictured. Nowadays, combining trading with all the businesses I have a “bad” month is $100k But now it’s not about money anymore, it’s about leaving an impact for everyone around me. Money will always come and go, if that’s the ONLY thing you chase you’ll burn out at your first million. Chase bigger, chase purpose, chase legacy. You can’t die with your money, but you can die and leave a positive impact on everyone around you. If your reading this until the end: Don’t quit, you got this.
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JEFE TRADES 🔪
JEFE TRADES 🔪@JEFETRADES·
FOMO OR HAVE WE BOTTOMED?! 🐂 $NVDA just got clearance to start selling chips to select Chinese companies but is this plan doomed to fail again?! $MU tries to find a bottom and $AMD is flirting with MAJOR pain... Every level and TOP setups heading into tomorrow👇
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EliteOptionsTrader
EliteOptionsTrader@EliteOptions2·
Listen carefully. Do NOT give up trading. You’re inches away from a goldmine.
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Cole
Cole@StockOptionCole·
$SNDK Memory stocks are rocking both wings SNDK retraced - to the previous all time high @ 1540s & reclaimed above 50MA This has room to go to high 1800s to 1900s in the next few days if they defend the 50MA at 1660
Cole tweet media
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Martin Pickett
Martin Pickett@melbougroup·
@JoshTradeOption Holding - Average price of $16 and hoping with some rotation into financials and continued growth of 30% I beleive it can go to $30 this year
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Josh
Josh@JoshTradeOption·
$SOFI Real bull case? real bear case, right now? Shares trade near $19, closer to the 52 week low.. The stock is down more than 30% so far this year, even though the business is growing. SoFi just launched fee free small business loans up to $250,000, and Q1 revenue hit $1.10 billion with net income up 134%. Bull case: loan volume keeps growing, new products like small business loans and AI powered investing widen the customer base, and the stock already priced in a lot of bad news. Bear case: the stock has been stuck in a downtrend all year. Wall Street rates it a Hold, not a Buy, with an average price target near $20.90, only modest upside from here. Buying? Selling? Holding?
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Thomas James Investing
Thomas James Investing@Thomas_james_1·
TOMORROW WILL BE THE BEST DAY IN STOCK MARKET HISTORY.
Thomas James Investing tweet media
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Martin Pickett
Martin Pickett@melbougroup·
@ohiain Love this post! My main takeaway is that everyone finds their own path. It’s disappointing to see posts that rubbish or dismiss one strategy in favor of another. My view is don’t judge and respect that everyone has a different style that works for them :)
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iain
iain@ohiain·
STOP identifying as someone you're not and BE YOU. I was talking to a buddy the other day, and he said verbatim: "I just want to be the next Qullamaggie." I didn't really know how to respond at first because I remember thinking the same thing years ago. I wanted Oliver Kell's style + I wanted Minervini's precision + I wanted Qullamaggie's patience. I wanted to see the market exactly the way they did because I assumed that's what it took to become consistent within the Market. So I did what most people do. I consumed everything I could find, including books, interviews, podcasts, old forum posts... if they said it, I wanted to know it. I wanted to know what their childhood crush's name was... that's how dangerously obsessed I had become. But the more I studied these traders, the LESS they actually looked alike. They didn't trade the same patterns or manage risk the same way. They didn't hold positions for the same amount of time. They didn't even think about the market through the same lens. Yet somehow, every one of them had found a way to extract 100s of millions of dollars from the same Market. And that realization completely changed the way I approached learning from the greats before me. I stopped asking, "How can I trade like them?" and started asking, "WHY does this work for them... and does it fit who I am?" Be curious about the "WHY." That 1 question probably accelerated my learning more than anything else. I borrowed Oliver's obsession with relative strength. I borrowed Stan Weinstein's Stage Analysis. I borrowed O'Neil's emphasis on leadership. I borrowed Qullamaggie's appreciation for tightness and large bases. But I never felt the need to stitch all of their systems together and call it my own. I let years of experience SLOWLY filter out what didn't fit my personality and strengthen what did. Looking back, I think that's how almost every great trader is built. 1) They're interested students first. 2) Then they're translators. 3) Then, eventually, they become themselves. 4) + student mindset FOREVER. I think that's such a beautiful process because it doesn't just apply to trading. It applies to life + purpose. It feels like everyone today is trying so hard to become somebody else... someone else's career, personality, business + someone else's life. Social media makes it so easy to believe that success looks exactly like the person you're following. But what if the very thing that makes you valuable isn't how closely you resemble someone else... What if it's the fact that you'll never resemble anyone else? That thought has challenged me a lot lately, because there has never been another YOU. There has never been another person with your experiences, your failures, your upbringing, your gifts, your way of seeing the world, or your relationship with God. Those things aren't accidents. They're part of who you are. Since posting & creating online for 7+ years, I've found that I cater more towards authenticity. Not perfection, pretending, or trying to sound smarter than everyone else. Strictly AUTHENTICITY. The people I enjoy learning from aren't the ones trying to impress me with rented Lambos & big houses. They're the ones who are comfortable enough to simply be themselves. They speak from experience + quickly admit when they're wrong, and share their scars as much as their successes. There's something refreshing about that because it's real. Real grit, as I like to say. So yes... study the greats, and study them obsessively. Read their books. Listen to their interviews. Learn from their mistakes. Borrow their wisdom. Let them sharpen the way you think. But don't make the mistake I almost made! Don't spend so much time trying to become someone else that you never discover who God created you to be. Because your greatest accomplishment (in trading and in life) will never come from perfectly copying another person. It'll come from taking everything you've learned, filtering it through your own experiences, your own personality, your own convictions, and becoming the only version of yourself that has ever existed. And in my opinion... That's a much more meaningful goal than becoming "the next" anybody. My 2 cents. - iain 🩵
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Cole
Cole@StockOptionCole·
Happy 4th from Hanalei Bay 🇺🇸
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Retail Mourinho
Retail Mourinho@retail_mourinho·
Tempted to go all in $ONDS $7,40 -RM
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