Once you understand momentum burst on daily timeframes, the same pattern can be used on the lower timeframes. TSLA is a good example of that today.
3/20/2023
Study 50% Plus winners and losers
Study 50% Plus Bullish Scans
c/c40>=1.5 and c>=5 and minv3.1>=100000
Study 50% Plus Bearish Scans
c/c40<=.5 and c>=5 and minv3.1>=100000
Study 50% Chart Template
https://www.tc2000.com/~VbZOrW
Motivated traders can deep dive into these every weekend to learn from and apply lessons on Monday.
How do you significantly shorten your learning curve without losing your starting capital?
How do you significantly shorten your learning curve without losing your starting capital?
That is the number one goal of new traders.
There are some proven research-based techniques to do this.
- Teach someone else. Make a video, guide, and instructional infographics, and explain to others. This is one of the fastest ways to master something. Members who do this learn fast and retain things, plus in the process of doing this, they clarify and reclarify the setup.
- make learning fun and entertaining. Research shows learning improves dramatically if it is presented in a fun and entertaining manner than in a serious and monotonous pedantic style. Similarly, if you make your learning a fun activity you will learn trading faster.
- Associate things with your existing knowledge or life. Research shows associative learning improves the speed of learning. You’ll remember complex topics if you relate them to something else in your life.
- Use Mnemonic devices — like acronyms, chunking, and rhymes — they work by tapping into how the brain naturally stores data
- Intense efforts of a few days to weeks result in big learning compared to extended periods of effort. When the brain is put under tremendous pressure, a coping mechanism kicks in and you learn rapidly. Intense deep dives, boot camps, and saturated multi-subject studies in one or two weeks speed up learning.
- Test Yourself on your knowledge often. Studies show self-testing improves the speed of learning.
- Social learning theory suggests that social behavior is learned by observing and imitating the behavior of others. It is the most accepted learning theory
- People learn through observation. Learners can acquire new behavior and knowledge by merely observing others. You do not need many trials to learn this way.
- Social interaction reinforces learning. Active participation and interaction in social settings lead to learning. as against passive observation or lone efforts.
3/08/2023
Members only Euro Bootcamp
This boot camp will take place online. The live sessions will be via Zoom and are scheduled to make it easier for members in European time zones to attend. In addition to the live sessions, pre-recorded video lessons will be made available each day of the Bootcamp,
Date: March 22- 25, 2023
Time: Wed - Thu, 6:00 am to 8:00 am ET,
Sat, 8:00 am to 2:00 pm ET
3/05/2023
Weekend study 50% plus.
Study 50% Plus Bullish Scans
c/c40>=1.5 and c>=5 and minv3.1>=100000
Study 50% Plus Bearish Scans
c/c40<=.5 and c>=5 and minv3.1>=100000
Study 50% Chart Template
https://www.tc2000.com/~VbZOrW
Motivated traders can deep dive these every weekend to learn from and apply lessons on Monday.
2/12/2023
What is your setup, and why
What is your setup, and why
Setup selection is a key decision. Once you have the setup selected, things start to happen.
Join us next week on members site to discuss setup selection.
2/08/2023
What are your trading problems
The ability to solve your trading problems makes you a profitable trader.
What are your trading problems
12/24/2022
Market Monitor Scans
Market Monitor Scans
Number of stocks up 4% plus today
Number of stocks down 4% plus today
Number of stocks up 25% plus in a quarter
Number of stocks down 25% plus in a quarter
Number of stocks up 25% plus in a month
Number of stocks down 25% plus in a month
Number of stocks up 50% plus in a month
Number of stocks down 50% plus in a month
Number of stocks up 13% plus in a 34 days
Number of stocks down 13% plus in a 34 days
Market Monitor Layout
Color Coded
https://www.tc2000.com/~EnaozW
12/03/2022
Understanding the nature of a 20% move in less than a week will give you an edge.
Understanding the nature of a 20% move in less than a week will give you an edge.
To understand the 20% move keep aside all your current thinking, charts, indicator, MA, and stock phases. Start with a completely blank mindset.
Mark on the chart the 20% move using the following PCF
https://www.tc2000.com/~tSzZPq
c/c5>=1.2 and minv3.1>100000 and c>=3 bullish
c/c5=<.80 and minv3.1>100000 and c>=5 bearish
This is how the chart will look.
Now study 500 to 1000 stocks with just this indicator on it.
Write down your observations.
https://stockbee.biz/tweet/602204/
https://stockbee.biz/tweet/602292/
https://stockbee.biz/tweet/602293/
https://stockbee.biz/tweet/602295/
https://stockbee.biz/tweet/602301/
https://stockbee.biz/tweet/602302/
11/29/2022
Your timeframe of trading is the most important decision that will determine how fast you can become profitable.
To learn a skill you need constant practice .
If a setup you select produces say 50 trades a month, you will have a lot of feedback on what is working and what is not.
If the setup you select has 10 trades in a year, then you will need 5 years to have enough experience to understand and perfect what works.
Performance improves with more practice and feedback.
Long-duration trades take months or a year for you to get feedback. As a result learning curve will be longer.
Very few traders think through this issue at the start of their career and as a result, spend years going nowhere.
Your timeframe of trading is the most important decision that will determine how fast you can become profitable.
11/27/2022
Key insight for traders
Short-term moves are easier to predict. You need fewer factors to consider when looking for an 8 to 20% move or a 3 to 5 days move.
Long-term moves are more difficult to predict and require more factors to be taken into consideration. and require more skills.
Much of the advice on trading you will find comes from traders trying to find longer-term moves. Wider stops, adding to a position, letting your profit run, do not sell early, phase two moves, and long bases are all aimed at traders looking for longer-term hold trades.
If you use that advice for short-term trading, you will see it often does not work. Short-term trading is a fundamentally different game.
Medallion Fund pioneered short-term trading.
Medallion started with intention of finding long-term moves' predictability, but they found short-term moves are more predictable and happen in larger numbers than longer-term moves. They found short-term trends of a few days or minutes are more predictable. That changed the paradigm in the trading world.
Medallion found that short-term moves are more predictable and if they can reduce trading costs and use very close stops, they can even make them more predictable.
As a trade ,you have two clear pathways if you think about this Short term or long-term. Do not mix the rules of the two.
11/19/2022
How you can enhance your trading
"If I have the belief that I can do it, I shall surely acquire the capacity to do it, even if I may not have it at the beginning." Mahatma Gandhi
The most important determinant of your success in trading or in your personal life is your self-efficacy beliefs.
In the last 20 years, I have talked to several successful traders including many very well-known traders, and interacted with them on regular basis and some of them are now personal friends.
One of the most compelling reasons why they are successful is they have high self-efficacy beliefs.
It is not their unique setup or scan or entry or exit or position sizing that can explain their success.
One thing that clearly separates traders who succeed and stay in-game for decades is their strong self-efficacy beliefs.
Because of their self-efficacy beliefs, they figured out profitable ways to trade. No one gave them a 1000-page manual on trading or held their hands when they were taking baby steps in trading. They figured out things for themselves. And they continue to tweak their approach to date.
Almost every successful trader I know of has developed their unique style on their own.
This is true of most Stockbee members also.
The days, months, and years they spent trying out different things and failing at it or losing money further enhanced their beliefs in their own capabilities.
Yes, they borrowed from some other traders ideas or books or courses but that is not the key to their success. They are self-made traders.
The most important determinant of your trading success will be your self-efficacy beliefs.
It might take a few days to understand that and some years. But once your self-efficacy beliefs about trading change things start to happen.
Once that is in place your self-talk will change to "hey I can do this", "hey I don't have all the answers but I am confident of finding the answers", and "hey I know how to bounce back from setbacks" .
When you attempt trading some find early success and some find early setbacks. That experience sets your self-efficacy beliefs.
Some people give up believing markets are too difficult or manipulated or beyond my understanding. Their self-efficacy beliefs dictate their behavior.
In the beginning year, I spent almost 18 to 20 hours trying various things going through hundreds of trading books, and testing hundreds of ideas.
The intense effort ultimately started paying off as more and more market and setup clarity started to show up and then I put my own method together and over the years modified it.
The same story repeats for most successful traders.
If you read Jesse Livermore's book it details how he developed his unique style after several efforts.
The Darvas book again details his struggle to develop his own method.
Every trader goes through the same phases as Livermore or Darvas or any other market wizards or successful traders like George Soros, Paul Tudor Jones, and Stanley Druckenmiller have also gone through the same learning curve and figured things out on their own.
In the Stockbee Advance Bootcamp, several traders presented and it is the same story for Stockbee members.
Once your self-efficacy beliefs specific to trading change you will start experiencing success.
That does not mean you will not have setbacks. If you have high self-efficacy you will find a method. If you don't have it, even the most profitable method will not work for you and you will keep finding faults with methods.
Self-efficacy beliefs are the biggest determinant of your trading success.
Unless you work on self-efficacy you will find many inhibitors and will be constantly dissatisfied with any method, guides, videos, or instructions, or site. You will constantly chase new methods, new scans, new claims, new gurus, new newsletters, and so on.
Psychologists have found that self-efficacy beliefs help determine how much effort people will expend on an activity, how long they will persevere when confronting obstacles, and how resilient they will be in the face of adverse situations. The higher the sense of efficacy, the greater the effort, persistence, and resilience.
Profitable trading involves all these challenges.
You need to put in a lot of effort to understand and internalize key concepts like equity selection, entries, exits, risk, and risk/reward and then put it all together.
In the process, you will have several setbacks and false starts. If you have enhanced self-efficacy beliefs you will persist in face of such adversities.
If you have a high sense of self-efficacy beliefs then you will spend time mastering trading software, mastering trading setups, and making them work. Absent that you will abandon your effort at the first hint of failure.
Learning to trade is not an easy task. It is one of the most challenging tasks you would handle in your life. Some are lucky and they find success instantly. For rest, it is a big battle.
People with a strong sense of self-efficacy beliefs approach difficult tasks as challenges to be mastered rather than as threats to be avoided. They have greater intrinsic motivation. That helps them to engage for long periods in activities and helps them overcome repeated obstacles. They do not have a discipline problem.
People with high self-efficacy beliefs set themselves challenging goals and maintain a strong commitment to them, and heighten and sustain their efforts in the face of failure.
People with high self-efficacy beliefs quickly recover their sense of efficacy after failures or setbacks and attribute failure to insufficient effort or deficient knowledge and skills that are acquirable rather than external circumstances.
Your self-efficacy beliefs also influence your thought patterns and emotional reactions.
This is critical in trading. You should not be overly excited by profit on a single trade and same way not get depressed by loss on a single trade. At the end of the day, trading is a probability game. High self-efficacy helps create feelings of serenity in approaching difficult tasks and activities and activities where the outcome is uncertain.
If you have low self-efficacy beliefs then often you believe that things are tougher than they really are. As a result, this belief fosters anxiety, stress, depression, loss of discipline, trading, and a feeling of being lost. You are unable to solve your own trading problem.
Psychologists believe that self-efficacy beliefs influence the level of accomplishment that one ultimately achieves.
Self-beliefs can also create the type of self-fulfilling prophecy in which one accomplishes what one believes one can accomplish. This further enhances self-efficacy beliefs. This leads to higher performance which, in turn, leads to higher effort and higher accomplishment which in turn further enhances self-efficacy.
The goal of this site is to constantly challenge you to enhance your self-efficacy beliefs. To constantly goad you to keep working on your self-efficacy beliefs. To challenge your existing beliefs. To provoke you to examine your current beliefs. To offer you a template for enhancing your self-efficacy beliefs.
If you do that then you will achieve your trading goals. And you will not need this site, or alerts, or alerts with sound effects.
Every day think of how you can enhance your trading-related self-efficacy beliefs.
11/17/2022
11/14/2022
How to become good at trading
The only way to become good at trading is by enhancing your self-efficacy beliefs about trading
There are 5 ways to do that in order of importance
- mastery experience: The first and foremost source of self-efficacy is through mastery experiences. To gain mastery experience you need to complete a hard task that challenges you successfully. Finding the right anticipation setups after running a scan and seeing their work will build mastery experience. Or going through Top 25 stocks and anticipating a b/o or b/d and entering it ahead of time will build it. Or identifying the right 3lynch candidate or weak structure short will build it. (Tool: Deep Dive , Bootcamps, mind clarity)
- vicarious experience: watching others do it successfully. The second source of self-efficacy comes from our observation of people around us, especially people we consider role models or good traders. Seeing people similar to ourselves succeed through their sustained effort raises our beliefs that we too possess the capabilities to master the activities needed for success in trading. That is why seating in a cave is unlikely to make you successful but actively participating, watching, and interacting with other traders will. ( Talk to highly successful traders in Bootcamp )
- verbal persuasion is the third source of self-efficacy beliefs. Being told you too can be successful in trading and make tons of money, itself can change your beliefs. Being persuaded that we possess the capabilities to master certain activities means that we are more likely to put in the effort and sustain it when problems arise. ( Daily Zoom Meeting KITA, Bootcamps)
- visualizing yourself behaving effectively or successfully in a trading situation. Imaginary experience is as good as real experience in building self-efficacy. If you understand that and use visualization techniques, your self-efficacy will improve. ( Visualization Scripts)
- positive emotional and psychological state. positive emotions can boost our confidence in our skills. Getting yourself in the right mood at the start of the trading day is essential for that. If you understand and work on these things you can make millions in the stock market. And the best part of this is that all these things are under your own control. ( Stockbee T shirt , the perfumes, the creativity cards)
What is mastery experience?
Mastery experience is basically a successful experience of mastering a task. Mastery experiences happen when the learner has reached the point where they understand the content knowledge enough to perform a task on their own or master the task.
It happens if the learner goes into sufficient depth on the material he is trying to learn. It happens as a result of immersion in a particular field or task. It happens with plenty of prior exposure to the content.
At some stage, the learners are able to interpret the results of their actions and use those results to develop their own capacity to engage in future actions or tasks. Then the learner becomes auto learner. They are able to participate in tasks on a first-hand basis with little or no assistance from outside influences.
When you experience an intense mastery experience you get feedback on your own capabilities.
Long and sustained efforts are required for mastery experience.
Self-efficacy beliefs are critical not only in academic situations but in any task like sports. Self-efficacy beliefs are task-specific. So a person might have high perceived self-efficacy beliefs in one subject but have less self-efficacy in another field.
Self-efficacy builds over a period of time and with more mastery experience you have, you become better at a task and learn other tasks. Mastery experience is the main source of self-efficacy. All other things are secondary.
In training or coaching situations one can structure the situation in such a way that the trainee experiences a mastery experience. This is the fundamental principle used in training commandos and marines. In simulated and controlled situations they are put in situations where intense learning happens in a very short period of time. That creates a mastery experience. That forever enhances the trainee's perceived self-efficacy belief.
Some years ago Discovery Channel had a 6 part series called Navy Seals Buds Class 234, if you watch that, it is an excellent example of creating a mastery experience in a simulated environment. If you work for a successful start-up at an early stage, you will have a mastery experience.
That is why you will find many successful entrepreneurs become serial entrepreneurs. Many people go through a lifetime without having an intense mastery experience in any field and so have low self-efficacy beliefs.
Mastering a market structure and setup is the same process. The aim is to develop self-leadership where you can fix your own errors.
At some stage, the learners are able to interpret the results of their actions and use those results to develop their own capacity to engage in future actions or tasks. Then the learner becomes the auto learner.
They are able to participate in tasks on a first-hand basis with little or no assistance from outside influences.
11/11/2022
How to make money in the market
- Understand market structure
- Develop structural setups
- Have conviction in your setup
- Organize to trade your setup
- Execute
- Don't be headless chicken asking others
11/05/2022
Develop Swing Trading Edge Shorting
Develop Swing Trading Edge Shorting
Saturday 4 PM to 5 PM
Various swing short setups.
How to identify and scan for them
How to enter and exit them.
11/04/2022
How to develop your edge workshop
6-week workshop
Put together your edge before next year
For members only
Starting next week
11/03/2022
How to organize your trading
How to organize your trading (November and December)
7-week program
For those struggling to put together a well-thought-out setup, process, olc, SA
When Monday at 7.30 AM ( European Members focused)
Tuesday 6 PM USA focused
Meetings will be For the entire Months of November and December
If you are a Stockbee member do not miss the opportunity.
Do Deep Reflection
The key to success in this business is to develop depth on a setup.
First, select your trading timeframe
Then select a market structure that works on that timeframe
Then develop multi-dimensional depth on that setup
Break down each element of that setup
Ask a series of what-if questions
What if I enter early
What if I enter the next day
What if I enter before a breakout.
What if I entered only after volume confirmation
What if I entered only with a news catalyst breakout
What if I entered in the afternoon
What if I put a stop near the support
What if I put a stop at consolidation low
What if I do not put a stop at all and manage by position sizing
What if I exit on a fixed profit
What if I exit on the third day
What if I increase the size
What if I only trade low-priced stocks
What if I trade only high priced
What if I trade only low float
What if I trade only high dollar volume
What will I do if my position goes up 10% the next day
What will I do If 3 trades in a row do not work
When should I move my stop
How much should I move
When does this setup work best
Do I need to use the SA filter with this setup
How can I reduce my stop
How can I increase my per-trade profits
How can I anticipate trades
How can I be consistent with this setup
Why does this setup work
Why only 3 days
Why
How
When
Where
If
Ask and clarify and reclarify.
This is only possible once you narrow down the timeframe and setup
If you can do this then you will need
and all it takes to develop this kind of depth is 4 to 6 weeks of intense deep work
Very few traders will do that.
So if you can do it you will be ahead of everyone
Walk, run, bike, and think. Reflect.
Remember what Nietzsche said: “It is only ideas gained from walking that have any worth
11/02/2022
11/01/2022
If you want to make money effortlessly
First, find an enduring market structure ( see the Guide section if members for that)
Build setup around the structure
Develop a process loop to trade that setup and run it.
Unless you have set process loop you will flirt from method to method.
Process loops develop procedural memory...
The benefit of running a process loop will be apparent after 4 to six months...
Doing the same thing again and again and again and fine-tuning the process develops expertise...
Throughout the day or after closing run your process loop.
Depending on your setup idea and timeframe of the trading process loop will vary...
Running the same process loop for an extended period of time will make you an expert on a setup...
Stick to few set up and do the same shit every day till you become an expert on that setup...
If the underlying setup idea is thought through and well designed, during the day the task is to run a process loop.
Thinking through a setup idea is one-time effort.
Process loop allows you to make money out of that setup.
When you do the same thing again and again, day in and day out, at some stage it becomes an automated task and the brain spends a very small amount of energy doing it.
It becomes part of you and instinctively you can figure out, whether this is a good setup or not, where to enter and exit, and how much to risk.
Each of the setups you want to trade needs a process loop.
All that one does is run the loop during the day.
The day you realize trading success is about developing procedural memory by developing a process loop, you will be on the path to success.
Trading success is about developing expertise.
When you try and develop the expertise you train your procedural memory. If your efforts at training procedural memory are successful then you will become efficient in trading.
Expertise is narrowly focused.
Specialize in a setup idea
Once a process loop is in place making money is effortless
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