Macro retweeted
⚡️🇵🇸🇮🇱BREAKING: The ceasefire in Gaza has collapsed and is over.
Israeli PM Netanyahu’s office announce the resumption of military operation in Gaza.
Israel is currently bombing Gaza, with multiple airstrikes reported across the entire Strip. Initial reports indicate a large number of casualties.
Journalist Yousef Fares from the Gaza Strip:
- Targeting near the Al-Tabi'in Sharia School.
- Violent targeting near Al-Rafi'i School in the northern Gaza Strip.
- Three airstrikes in the Al-Zaytoun neighborhood (northern Gaza Strip).
- A house in the Al-Karama area near the Omar Mosque was targeted, with injuries reported
- A house in the center of Deir al-Balah was targeted (central Gaza Strip)
-Martyrs and injuries reported as Israeli occupation aircraft bombed displaced persons’ tents near Rabat College, west of Khan Yunis.
Macro retweeted
Need something to listen to while you taperead this morning? Join my Space...
teapawt.net/i/spaces/1vOGwXzNlmEJB
Macro retweeted
You don’t need to be good at something to enjoy it, just enjoy the process.
Slowly in time, you will be good at it :)
Macro retweeted
I’m so tired of seeing people refer to what they’re doing as trading “prop”.
The definition of prop is using the firms capital and balance sheet to conduct your transactions.
If you are trading demo with a firm and you are not live with the companies capital, you are NOT a prop trader. Simple.
If you ARE trading the companies capital, then you’re technically in prop.
But if you aren’t being scaled up aggressively on good performance and you don’t have a team to support you with this - including a dedicated risk manager and not an auto liquidation engine, you’re not in REAL prop.
The End.
P.S. When asking questions like: “Does anyone know a firm that doesn’t penalise you for swing trading like the one I’m with?!”…please understand that no genuine firm would penalise you for any style. If they make their money from the trader, they should welcome anyone who can produce good risk adjusted returns, regardless of the way they do it.
Macro retweeted
I’ve been trying to think of the most simple tangible advice I could give that can instantly make a difference for struggling traders. I came up with a few things.
1. Pick a side - decide if you’re going to be long or short biased, build and find setups around that bias (note I said build AND find), and almost never deviate from that until you find consistency.
2. If you are NOT consistent, stop using higher time frame analysis - Only do your analysis off your execution time frame. There’s multiple reasons for this. Biggest reason is you probably have no clue what the hell you’re even looking at which in turn is giving you a bullshit bias which you’re trying to act on. You’re doomed from the start.
3. Pick 1 or 2 setups and don’t deviate - I couldn’t tell you the amount of different edges I built off of one or two setups.
****4. Limit your decision making - you’re making way too many decisions and your system is way too complicated*****
Read number 4 a million times until it sticks in your brain.
Also I will be making a separate post on number 4 and how to do it systematically.