moneymiketrading @amumoneymike

Joined November 2021

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moneymiketrading @amumoneymike

3 weeks ago

LYFT is interesting to me. 6.4 Billion market cap 6.1 Billion annual revenue Profitable as of last year Trading at 12 times forward earnings Down 82% from IPO New and expanded partnerships with Chase, United Airlines, and Baidu I’m long. Target 30+

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moneymiketrading @amumoneymike

3 weeks ago

You don’t have to be right every time. You don’t even have to be right most of the time. You just have to be wrong small and when you are right, let your positions ride and keep trailing your stop as the stock moves in your favor.

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moneymiketrading @amumoneymike

3 weeks ago

Putting Palantir’s valuation into perspective on a more relatable scale My coffee shop generates $76,000/year in net profit I’m looking to sell my business for $45 million Anyone interested?

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moneymiketrading @amumoneymike

3 years ago

Don’t size into losing trades UNLESS the drawdown on your starter position is within your risk profile. Never over leverage a trade in hopes that it’ll turn your way by having a lower average. This leads to oversized losses.

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moneymiketrading @amumoneymike

3 years ago

Profit factor>win rate Monday: $125 loss Tuesday: $300 loss Wednesday: $700 gain Thursday: $200 loss Friday: $600 gain ($700+$600)/($125-$300-$200)=2.08 Keeping losses small is key. The wider your R:R becomes , the less accurate you have to be on a trade-to-trade basis

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moneymiketrading @amumoneymike

3 years ago

It’s never too late to be what you might have been

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moneymiketrading @amumoneymike

3 years ago

Steps to locating proper trades: 1. Scan for momentum 2. Detect PM up/down gappers 2. Identify macro supply and demand 3. Identify macro support and resistance 4. Trade trends/micro channels 6. High Rel. volume off the bell 7. Identify shift of momentum via books/T&S 8. Execute

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moneymiketrading @amumoneymike

3 years ago

0dte bed trading instagram.com/reel/CeEHK3yAF…

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Forbes @Forbes

3 years ago

Pending Home Sales Plunge To Lowest Level In Nearly A Decade—Worst Could Be Yet To Come trib.al/3KOQtTB

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Forbes @Forbes

3 years ago

Pending home sales slipped in April as contract activity decreased for the sixth consecutive month, the National Association of Realtors reported. trib.al/jbmN6pd

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moneymiketrading @amumoneymike

4 years ago

The most difficult aspect of trading is knowing when NOT to trade. Recognizing subpar price action can significantly reduce drawdowns. It’s a long term game. Know when to put on size, but more importantly, know when to NOT put on size.

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moneymiketrading @amumoneymike

4 years ago

No trade days back to back. Price action was a little tough to read. Have also been feeling a little under the weather the past couple of days. Thanks @UnravelTrading

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moneymiketrading @amumoneymike

4 years ago

The perfect balance in life requires intense focus followed by self pleasure. Work extremely hard, relax and enjoy. Work extremely hard, relax and enjoy. Repeat. The same way a stock has to pullback and breathe after a major spike, so do you.