Pinned
Life is too short to constantly chase my impulses
Iโll never achieve my long term goals if I need validation from my short term feelings
Michael ๐
15.2K posts
Michael ๐
@dtr_trading
Beware of imposters! Iโm an Ex hedge fund day trader and a risk management expert. Iโm self employed and loving it
Learn moreโ
Joined February 2021
- Iโve been #daytrading for almost 9 years now. It has been the only way I have made a living since I graduated from Law School. Here are 9 things I wish I knew when I started out my career.
- I'm a day trader. I trade options. I play the same couple setups on the same 10 tickers I pretty much ignore everything else. I've never traded crypto, I don't care about small caps, I don't need a scanner. I just stay in my lane and play between my lines
- Replying to @mjfreeThis was filmed before the attempt on his life. find a new slant
- Day Trading has made me more money that I could have dreamt of The ๐ to my trading success has been following my trading plan perfectly Here's the framework I use every single day to make 7 figures annually Hope it's helpful to someone [๐งต thread]
- Iโve been trading for 12 years. Itโs been my obsession for every single one of those years And even now I am still learning, improving, and seeing the market in new ways. This is the best game in the world. Please donโt quit
- Trading didn't make me a millionaire Working for an $11bn hedge fund did I learned how to trade while getting paid a generous salary. I had less pressure, so I took my time and learned how institutions trades Their fundamentals are very different to what is preached on fintwit
- The math behind a $250k / year day trading empire - $20.6k / month - avg $1.1k / day - which is 1 10% win on a 10k position size Freedom is closer than you think
- If i had 30 days to replace my 9-5 income here's exactly how I would do it. George Soros just started fading my bollinger band strategy. Heโs ruthlessโฆ I went on full tilt and blew my account Hereโs how Iโd rebuild my trading to get back to at least 10k a month in 30 days
- Trading is my full time job But that doesn't mean I am trading full time Here's how I manage my work day: 8:50-9:30: Plan my trades 9:30-11:00: Trade 11:00-12:00: Break 12:-1:00: Review morning trades 1:00-5:00:Go golfing or running 5:00: Review afternoon price action
- Being a profitable trader is lonely. Everyone is jealous of what you have. No one is jealous of the work you had to put in to get there.
- Trading was my only option. There were no back up plans When I decided to become a trader I went all in. I burnt all my other bridges You canโt half way house commit to trading. You canโt ease your way into it. You have to want it more than anything else. All in at all times
- I'm a boring trader - I trade a couple of setups - I focus on 8 different tickers - I take 3-5 trades a week - I only trade the morning rush - I focus on losing small, not winning big My formula for success is that I spend more time planning/studying my trading than trading
- Replying to @dtr_trading5. Good trading is patient trading Sit and wait for your perfect setup. Donโt chase after it. Traders get paid for their decisions not their time. There will be times to trade and times to sit. You should spend more time sitting than trading