
Nick Schmidt
30.4K posts

Nick Schmidt
@NickSchmidt
Big weekly chart guy. Always learning.
NY เข้าร่วม Ocak 2018
353 กำลังติดตาม159.2K ผู้ติดตาม


@lumiloz We could technically pull back pretty aggressively and still be healthy. Bunch of growth leaders had big breakouts out of proper bases the past 2 weeks. They can pull in and retest but if they all started not holding their base pivots and failing I’d get cautious
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@NickSchmidt What type of candles or exhaustion would you consider in your approach ?
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@ohiain Like this past week 7/7 stocks I bought just went up? 100% win rate? Def nothing new I did market must be pretty strong 😆
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@NickSchmidt I totally agree: win rate is useless.
R/R is ALWAYS the focus!
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One of the best indicators in trading isn’t on your chart.
It’s your last 10 trades.
If you’re 7/8 green out of the last 10, that’s important feedback. Conditions may be lining up with your style, your selection is working, and it might be time to lean in carefully and add exposure.
But if you’re 0/7, that’s feedback too... and you better stop and rethink things. Either the market is telling you something, or your stock selection is off.
Every trader, no matter the style, answers to the same concept:
Every trader's P&L is feedback.
If the indices look weak but your trades keep working, trust the evidence and stay focused on your setups. If the indices are ripping higher but you’re on a losing streak, ignore the headlines and get defensive. The market being strong means nothing if you’re not in sync with it.
A controversial truth... but my aggressiveness should be based more on my recent execution than the market narrative.
> Winning streak + strong execution = scale gradually
> Sloppy trades + losses = size down immediately
> Mixed results = stay patient and selective
Trading is largely psychological. Charts matter, but the ability to interpret feedback, adapt, and control yourself matters more.
90% psychology. 10% technical.
Know when to press and when to protect.
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@alphacharts365 I’m so inconsistent sometimes I wake up 4 am ready to go all week then I will crash and wake up at 9 for days
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One month later and I’m having thoughts like what if the market never goes down again
Nick Schmidt@NickSchmidt
I know the market is close to picking a direction because I’m having thoughts like what if we go sideways forever
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@FadeTheXX When I feel extremes I do know sometimes to fade myself
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@NickSchmidt fading your emotions can be a very profitable strategy
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@GoforThomas Like we aren’t going to just straight up and crash is how I’m interpreting it. Bullish sentiment?
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