profitsgreen

@jforjacob Congrats first of all. What Agencies do you use and for what and what could you recommend?

Exactly 10 months into starting this brand we just crossed 8 figures Could have been more, could have been faster but inventory and cashflow can be difficult while bootstrapping and funding everything from profit as you go. Literally started with a PO of 250pcs and $100 a day ad budget The next $10m will come much, much faster now Will do an article on biggest learnings I had along the way to get me get here with zero debt, 100% ownership zero employees and around 30% EBITDA if there is enough interest

@JDB_trading Dank voor al je gratis infromatie heb je op elke chart maar een SMA/EMA staan of switch snel doorheen ?

$INTC #Intel Niet zo lastig. Wat heb ik jullie gisteren geleerd? 😜De EMA50 is duidelijk heel dominant en brak enkele weken geleden (longsignaal) na minimaal 40 candles vanuit een bearmarket. Mooier ga je het niet krijgen. TA maakt FA! Few....

@jforjacob Hi when you have the time can you check your DM’s?

@BrianLeeTrades do you also have a wiring process when you are on your way towards 500$ ? Our just compound up and down ? thanks !

There's a lot of context to the decision to wire outlier days but let me be super clear and make it simple. For traders who are grinding up accounts and risk levels for the first time (beginner to advanced) I would primarily focus on using my "freeze" or "freezing" method. Do an advanced search on the terms I quoted and you'll find a ton of clarity on the process and exactly what you should do. For the outlier days wiring system, that was a very necessary adaption I needed to make because I had fully experienced a ton of risk levels on my journey and then hit a drawdown in 2022. As a result I was retracing back to risk levels that I was fully comfortable with and felt there was no reason to wire out, it revealed a hole in the freezing strategy — no conditions for wiring meant I was no longer treating trading as a business. My last blog goes over this in depth. So here’s the final word: 1. Pretty much everyone can and, imo, should give my freeze method a serious go. 2. If you enter into any sort of significant drawdown, contrary to your emotion, I believe you should wire out 50% of outlier days while grinding it back up for a plethora of benefits both psychological and practical. This is one of the few topics I believe almost never gets discussed, let alone in detail. Ask yourself why it is that most traders never elaborate on risk, risk controls, growth systems and failure points and, even when they do, cannot provide direct actionable systems. The reason is because of gambling. The reason is because of luck. The reason is because of being a natural. I understand that I can be absolutely mediocre and have to put in a lot more effort to make sure I eliminate as many aspects of this as I can within my control. Most people are not going to be Kobe or LeBron, and the funny part is that by being hyper aware of my weaknesses, I end up being able to flirt with the top of most any pursuit I put my mind to. Literally in any game I play I’ll be able to reach the top 1% because I don’t rely on being a natural, I just put in more work that is reasonable because I know I have to do more than the next guy to even compete. Most of you fall into the same camp so take it seriously when I mention a path that you can take as well. Whenever I design systems or strategies I always think in terms of “can the average person succeed with this?” If my strategy or concept is so niche that only 1% can succeed, then I think it’s a miserable strategy to teach. If you really think your trading shortcomings are a result of not being able to replicate strategies only the 1% can execute then you’re just thinking way too highly of yourself. Most people literally have so much ego in this game that they think they’re above process and will break every rule in the game to replicate others who have more resources, more luck, or straight up bad actors with no actual transferable methodology.

@WestSideDragon9 @daytradingzoo Thanks man, het is alleen voor 30 dagen doe je dan elke keer nieuwe ‘nep ‘ account maken ?

@profitsgreen @daytradingzoo Probeer de ThinkorSwim guest pass van Charles Schwab. Ik gebruik het voor de charts

Some small scribberish on $drug Trying to stay open to different viewpoints, maybe learn a thing or two. It's all very discretionary and probably won't work for the majority of setups that trade exact the same way. What are your thoughts as to why $drug made the move it did?

@frankkgabriel Do you orginal audience (Old one) our Advantage +?

Live video of my super advanced scaling strategy. 😂 ✅ Conservative approach: last 7 days have good CAC, increase budget on your CBO 🔥 "Aggressive approach": last 3 days have good CAC, increase budget 😑 Ads just doing "ok"? Don't touch budgets & improve creatives/site/offer

@BrianLeeTrades hi brian last 2 months i have been struggling to find good shorts on daily basis so i tried to reduce the number of tickers i trade i have a hard time trading maybe 1 ticker a day our sometimes. I wait 2 days for a play my question is how many tickers do u play?

@wout_gelder @JDB_trading THANKSS..!

@profitsgreen @JDB_trading cdn.fbsbx.com/v/t59.2708-21/…

Naar het dominante timeframe!

@Diego4433 i wanted a entry in the early pre market around 5 but the locates where wild than

Been watching $ASNS since 4am without an entry and now I gotta watch that thing trade for 30 seconds and then halt for 10 minutes 😂

@BrianLeeTrades Hi brian going down to your older tweets my question is do you use exponential betting for example A 2% risk B1% etc our is it just flat 2% risk per trade on every setup for you thanks.!

Trader is risk averse and way too conservative given their trading aptitude and experience. He risks .4% in order to stay in a comfortable range for himself but I suggest that it’s not good and will not benefit him in the long run versus 1% risk at least. I submit my method for getting risk in check whilst not putting oneself into a mental checkmate. Full response below, numbered bottom right:

@Diego4433 Track it and see how many stocks if you followed the rule would have saved you and how many would you have missed and than at the end you can see if the rule is profitable our not. Seeing by each stock basis could be misleading

Man $MLEC had all green lights beside one. An A++++ setup for me I would have hit big right at the open but fucking rules. Something laying up like this is maybe 1-2 per month. Ahh man that sucks

@traderyos How do you view risk are you risking certain % of your account per trade and very strict our ?

New to tradersync but idk will figure it out eventually, $26.4k on the week, (idk how to import today there yet) - some great action out there atm

@EternaLEnVy1991 Nicee ! how many tickers do you trade on AVG in a day than?

I did the thing

@BrianLeeTrades Hi brian have been going over you’re tweets again this weekend my question is do you also track you’re total daily R gain our lose on the day and if so what is your avg if you don’t mind my asking so i have a overview what is a norm of standard thanks !

@profitsgreen mm that depends on ur system it doesnt matter either way, ppl can do both but I am of the mind that its better to be in than out so I typically just do it

Back in the day, I used to share these stats to showcase that you don't need to hyper-fixate on winning to make money. Unsurprisingly my most popular tweet of all time recently was a call to 'R'ms to get back to what matters. I honestly would've thought that we'd see beyond PNL flashing but it's the same in 2023 as it has always been... I guess human nature doesn't really change. What I want to draw your attention to: -Low win rate -Average RR -Risk Management -New: Wired R Wired R: October, 4 wires = 33.44R which is MORE banked than my entire month's R (29.47). November, 3 wires = 30.61R banked. So... while not spectacular months, and I was traveling quite a bit (Japan/T4AC), you still get the sense that I'm always pulling money out of the market. One of the unique attributes of this is that it is a substantial amount through relatively smaller wins getting stacked up. I talk about this notion that I can MAKE money even if the market is not really producing much for me (even if RED), or even if I end up performing poorly with mistakes. I still make mistakes in terms of giving up a little more than I'd like to more or less gamble trades with poor grades but overall I continue to maintain a high level of executional performance among various different market environments and cycles. Keep in mind these are COMPOUNDED R's, both on gains and losses. On average wiring about 3-4 outlier days per month, meaning that the majority of these gains are from a few days of each month.. hence the most important part is NOT losing too much when wrong, NOT disobeying max losses or OVERTRADING poor trading days-- KEEP LOSERS SMALL, 'trading is a losing game'. I still make mistakes and can improve here. This really isn't the most amazing time to be pushing it and there are so many trappy cycles that cause you to constantly give back wins, they are there but there aren't enough outliers to really pull ahead and relentlessly aggress crazy gains. I used to put up 100R months even 300R months but those markets are not present, I am just waiting and collecting. I think a lot of people really go through the exuberance of winning here and there but end up mentally broken from one or two bad days that eat up a ton of their PNL... by wiring consistently I have never felt that any one day mattered, even some poorly traded days or outlier losing days... I still show up to the market and perform as well as I can. Yesterday I put up my most impressive performance in terms of R in 2 years, 22R on one trade... this is what I was talking about in my very very popular thread regarding 'show me how you make $10,000 with $1,000 and I'll be impressed', well imagine 22? The reason I didn't post it publicly and instead chose to post the thread that I did last night is because of what I just said... I know that I will feel good getting praised but I also know the HARM it could cause is a net negative- temperance. I can't even really being to summarize what I was saying there but people never see how it's built all upon experience and consistency and not because of some magic trick you can do tomorrow... people immediately jump to "HOW DO I DO THAT?" and can seriously get hurt... all of the experiences that I've had over the years have built up to this... even the person that I mentored personally to several million dollars doesn't hit these RR's... how would you instantly be able to do that? I would much rather be in a position to caution you and help you understand if it applies for you and then let you know when it's the time to take incremental steps towards it, TWITTER cannot do this-- neither can any random trader who's "inspiring you". Is getting "inspired" by PNL one of the most delusional takes in all of fintwit? Inconsequentially traders find that they improve the MOST when they find their consistency and just cut ALL noise out and focus on them... I've been in many situations, even as an established trader, where the noise caused me to make a ton of mistakes honestly speaking. What matters the most is finding your consistency and improving it as much as you can, elevate fundamental concepts, it's not about more knowledge. I often greenlight traders that they will in fact make money over time due to their stats and performance and as soon as I tell them to "just do trade this way for the next few months" they CONSISTENTLY mess it up because they want to copy other traders or add fun little gimmicks into their trading that they observe... it always ends up poorly and is a waste of time. I'd rather you be able to say... "I confidently traded at a high level with my strategy and have been through several market cycles/environments, through good and the bad, drawdowns and such, I've wired out and I no longer feel attached to the risk, I can execute without fear... THEN and only THEN you take a chance on experimenting with something you've kept in your back-pocket like... adding additional layers of complexity to your trading slowly... if you get burned you pull back, if you find something good you repeat the process and SO ON. While I was writing this, I realized that it might look like cherry-picking but I have years and years worth of these... I'll extend it to the last 1/2 of this year in the next post in this thread.

@BrianLeeTrades I understand it and make sense would you also recommend that for people with smaller accounts that do not have the issue with influencing the market because there orders aren't that big ? but i think it would also help my with my fomo control

it's because my systems are meant to be seen and taken immediately, the more important reason is liquidity As size grows you aren't just able to put orders out and not have the market react. Example: Most large orders need to be iceberged in order to not influence the market overall, icebergs inherently fill less and get less prio when refilling over and over IF u haev an order out that is visible then it's very hard to get filled as well, the market does react Outside of that, it's a personality thing like I deal with fomo by being involved when I want and always being full sized no matter what

@BrianLeeTrades Thanks for the reply i notice you’re entry’s on your chart are on the most part on stocks turning/breaking down and red candles instead of waiting for bounces are you doing that on purpose?

@profitsgreen it has to do with the amount of trades per ticker as well as pure quantity, afaik it's more outlier. If I rated my aggression on a scale of 1-10 for a normal trader here it would be 10/10

@BrianLeeTrades Hi brian have been binge watching all you’re old tweets literally gold mine my question is i notice you do have a lot of trades in the month, are there days you don’t take trades our is it because you have a lot of Try’s in one ticket thanks.!

Part 2 that I promised to avoid cherry-picking. Some of my most recent months, nothing spectacular but again the market isn't there for it AND I am consistently pulling money out with a relatively stable performance. I can't CONTROL when the big wins happen, when the outlier days happen nor how many opportunities there are... I can only control how well I perform and manage risk. When I had my big 22R day, I didn't go in thinking it would be a HUGE trade, I went in as I normally do... planned to execute to my highest potential and let the price action speak for itself... well, I listened and that's the result. But what you will notice is that the big wins and losses only move the needle so much, the AVG RR matters A LOT, having a homerun here or there doesn't make you a profitable trader... it's every single trade in between that you forge your own destiny.. you are in a position to KNOW if you will make money, even if you don't get big wins I'll bet you could easily hit the same RR averages as I did. Funnily enough, you could've done it even simply by reducing your avg loss and nothing more, it's pure math. Imagine I reduce my avg loss to under 1 (which can be hard with slippage), but theoretically I could improve my RR exponentially. Take July... 3.93 avg win over 1.31 avg loss = 2.99 Avg RR, If I even reduce my average loss by .31 points then I will have a 4:1 avg RR... this expectancy differential is massive.

@Diego4433 Haha yess because i used to do that to a lot but if you say you found a strategy and have a set up for it i did not say anything

@profitsgreen Dang you are watching right over my shoulder 😅. I added this grinder setup with a few parameters but I guess it was a little too lose

$ADIL The ugly one today. Bad execution and bad preparation. Was not a ticker I was supposed to trade

@Diego4433 I thought you said you only wanted to trade the gappers you where watching pre market and not random intraday movers

This is exactly what I dont want to do anymore. Take multiple tries and compound losses and then get a trade on that finally works but only end up small green but in case it´s NOT pulling back by eod I have 15 attempts that all failed. Not worth it in the longer term