Steve Moses

@TradingComposur The secret to trading is not what you make when you’re right, it’s what you don’t lose when you’re wrong. My field goal approach to risk management is…give up field goals when you’re wrong, and score touchdowns when right. If done properly, you don’t even need to be right 50%.

If you want to be successful, you must respect one rule: Be uncompromising with risk management. Mind your position size and cut your losses at strategic areas. You can't play if you run out of chips.

@SJosephBurns As they used to say in the movies…don’t shoot until you see the whites in their eyes. We do a lot of waiting in Trading…

I don’t chase trades, I wait for them to come to me.

@SJosephBurns Give up field goals when you’re wrong, and score touchdowns when you’re right…and you’ll be successful. Pretty simple in concept. #options

Trading is a business where your profitability is based more on your risk to reward ratio than your win rate. The smaller you keep losses the easier it is to be profitable.

The only thing worse than Schwab’s TOS platform on Tuesday, is their response to it, or should I say, lack of response. Blows my mind.

@TradingComposur It’s not what you make when you’re right, the wins take care of themselves. It’s what you don’t lose when wrong that lets you live to fight another day. Pretty simple.

Your goal as a trader is to protect your money first.

Anyone else have mobile issues with Schwab/TOS this morning? TOS has gone down hill since Schwab took over. And they’re standing behind legalese to not fully compensate or make good due to their inability to allow access to their site.

@realsamseiden It’s not that you must lose, but knowing that you will lose. It’s not what you make when right, it’s how you manage the losers, what you don’t lose when wrong. That’s what will stop you from blowing up your account, and let you live and fight another day.

To become a profitable trader, you must accept that you must lose in order to win in the long run. It's all in your perception.

@pinnacle_inst Simple concept…give up field goals when wrong and score TD’s when right. No one cares about your winning %. It’s not what you make when right, it’s what you don’t lose when wrong that lets you live and fight another day, w/out blowing up an account.

@pinnacle_inst Options are the greatest thing ever invented! The only asset class where you can be somewhat wrong directionally, and still profit. You can even profit when the underlying stock doesn’t move. Check ‘em out…

@pinnacle_inst Risk management…it’s not what you make when you’re right, it’s what you don’t lose when you’re wrong that lets you live and fight another day.

@tradersmindedge Listen to the charts, those are the only voices I need to hear.

Stop listening to other people. Trust your process and trade it.

@nvwineandcigar 😳

A few new additions. Ask for secret stash. In store only #ifykyk #napawinestore #napavalleywine 🍷

@realsamseiden The only thing worse than a losing trade, is a winning trade we let become a losing trade.

Knowing when to exit a trade is just as important as knowing when to enter. #TradingStrategy #Trading

@tradersmindedge Little losses are all that matters. Even if you have an 85% win rate, large losses on the 15% can leave you in the red. Well, and don’t forget position size…

Small loses keep you in the game long enough to see big wins.

@tradersmindedge If you want to think gambling…be the house. The odds are literally in the houses favor. When you sell options, you’re the house, you literally have the odds, the probabilities, in your favor to profit.

If you're not thinking in probabilities, you're gambling. Gambling isn't trading. Gambling is an emotional activity. True trading isn't.

@TraderDivergent Like a good quarterback, don’t force a pass into tight coverage. Usually the other color uniform that catches it. Patience. Wait for the receiver to get open and lead him.

The best traders are 100% patient Don't force trades. Be patient. Wait for your edge.

@TraderDivergent Losses

@tradersmindedge Mathematically, trading stocks, forex & futures, your probability of profit is 50/50. When selling options you can literally have anywhere from a 50%, 60%, 70%, even up to 90% probability of a profit. There you go…

What does "thinking in probabilities" mean to you?

@tradersmindedge The secret to trading is to stop thinking. I think it’ll go up, or I think it’ll go down. I let the charts talk to me…I hear voices when I trade. 😜 Price action is all we need.

Money doesn’t think. People do. Money does have feelings or desires. People do. Money moves when people move it. The problem isn’t money. Never has been. The problem is what people do.

@SJosephBurns Losses…

In ONE WORD, what prevents most people from being profitable in the stock market? ⬇️