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Leif Soreide
9,774 posts
Leif Soreide
@LeifSoreide
US Investing Champion 2019 | Momentum/Breakout Stock Trader | Founder of Champion Team Trading | Think Beyond The Pattern | *Not Investment Advice
- Big "breakout" for me yesterday: my wife gave birth to our 4th child and they are doing great!
- I have a new indicator for everyone (just a little bit of humor on a good day for growth) The Significant Other Indicator: when you have the urge to tell your partner about your gains, it’s time to review your risk management and possibly sell some. 🤣
- You get this many breakouts per @marketsmith when the stocks are setting up nicely... that's it's own signal.
- Anyone can identify the chart patterns found in popular books, but what separates the top traders from everyone else is their ability to recognize when even the best setups will fail due to market conditions that are unfavorable to their strategy.
- If your P&L suggests that you should take a break from trading, listen.
- Prepare to be inspired! @TaPlot’s journey of grit and resilience is the wake-up call every trader—rookie or veteran—needs to hear. This isn’t just a story; it’s a masterclass in becoming a successful trader.
- With the energy sector on fire I wanted to get a crash course in how to trade it from one of the best in the business. Thank you for the great insights @Trader_mcaruso!
- One of the most common trader errors I see is overtrading. Being great at finding good setups isn't enough. You must be able to recognize when the odds are not in your favor in a tough tape and step aside until conditions improve.
- Disciplined Swing Traders easily side-step prolonged sell-offs by honoring their stops and waiting for new setups to develop when conditions improve. The market may be open, but you don't have to trade.
- The Three Line Strike is a rare pattern that I scan for daily. It's comprised of 3 down candles with lower lows and lower highs followed by a 4th up candle that opens below the low of the 3rd candle and closes above the high of the 1st candle. $DKNG is an example from yesterday.
- Traders who honor their stops do not suffer the mental anguish of holding a losing position and put themselves into a position of strength to capitalize on the next opportunity.
- If you like being right and wrong at the same time then this market is for you
- Turning 45 got me thinking about the best advice I’d give my younger self. Don’t fear failure, it’s your greatest teacher! Every setback is a setup for a comeback. 💡
