The 6 Stages of a Millionaire Trader: From Gambler to Professional
Every stage for a millionaire trader: Stage 1 – The Gambler Right now you’re trading outcomes, not structure. Your decisions are emotional, inconsistent, and heavily influenced by P&L. There’s no stable process yet just reactions. To move to Stage 2 (The Student): commit to one market, one setup, and journal every trade. Your goal is to replace chaos with structure. Stage 2 – The Student You’re learning aggressively, but execution is inconsistent. You believe more knowledge will fix the problem it won’t. The issue isn’t information anymore, it’s application. To move to Stage 3 (The Emotional Trader): stop adding strategies and master one setup. Track execution quality, not profits. Stage 3 – The Emotional Trader You know what you should do, but you don’t always do it. Discipline breaks
CHEATSHEET for TRADING GAPS: 4 types: 1. Common Gap (usually $SPDR S&P 500 ETF Trust(SPY)$$Invesco QQQ(QQQ)$ on intraday charts) Small gap in range-bound markets. Usually low volume and gets filled quickly. 2. Breakaway Gap ( $Microsoft(MSFT)$ earnings made one last week) Appears at the end of consolidation. Starts a new trend. Often does not fill early. 3. Runaway (Continuation) Gap (GLD on the way up) Forms mid-trend. Confirms strength and momentum. Trend continuation signal. 4. Exhaustion Gap ( $SPDR Gold ETF(GLD)$ and $iShares Silver Trust(SLV)$ near the top) Occurs late in
SPY in the Red: $695 Resistance, $687–$684 Support in Focus
$SPDR S&P 500 ETF Trust(SPY)$ is RED for and here's how I'd play it: New Fed Chairman Kevin Warsh is less supportive of deeper rate cuts meaning he is LESS dovish even Jerome Powell. Market doesn't like it. This moved gold prices down and USD up. Make sure to (click on chart to review it) SPY key levels right now are at $687 and at $684-$685 area and SPY daily chart 20SMA is at $689.99 so this is also a big level of support. The SPY will have to clear above yesterday's close at $695 if it wants to go higher today and rememeber premarket high is at $692.70. Yes, you will need to draw all these levels because at some point today they will act as support or resistance. I'd wait for confirmation always: 1. buyers to come in 2. sellers to fail befor
10 Earnings to Watch for this Week $Microsoft(MSFT)$ – Wed Jan 28 (After Close) → Est. EPS ~$3.86, Revenue ~$80.3B $Meta Platforms, Inc.(META)$ – Wed Jan 28 (After Close) → Est. EPS ~8.17 → Revenue est not confirmed in preview. $Apple(AAPL)$ – Thu Jan 29 (After Close) → Est. EPS ~$2.67, Rev est ~$138.5B → Strong iPhone demand expected. $Tesla Motors(TSLA)$ – Wed Jan 28 (After Close) → Est. EPS ~0.45 → Robotaxi & EV trends in focus. $UnitedHealth(UNH)$ – Tue Jan 27 (Before Open) → Est. EPS ~2.87 (based on last quarter consensus) → Revenue est ~~$113B previously.
Remember, every trader must do 3 things everyday: 1. Draw key levels 2. Determine direction and structure of market (so you know to get calls or puts) 3. Wait for confirmation before getting in and out. Here's all 6 levels to draw ( $Tesla Motors(TSLA)$ example): 1. Premarket high 2. Premarket low 3. Previous day low 4. Previous day high 5. Market Close 6. Market Open (not shown yet becuase market isn't open) For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. 🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now Find out more her
Here's all 6 stages every trader goes through. Ask which stage you are in right now and then look at the NEXT stage to see what you need to do. This will help you in your trading journey. 🟥 Stage 1 — Chaos & Hope “I just want to make money.” What defines this stage Random entries Strategy hopping Emotional trading Big wins followed by big losses What you feel Excited Anxious Reactive Addicted to screens ❌ What keeps you stuck here Searching for the “best” strategy Watching others trade instead of studying yourself No rules, no data ✅ What you must do to reach Stage 2 Commit to one market (SPY / TSLA / NVDA not all) Pick one timeframe (no bouncing) Journal every trade, win or loss (screenshots + reason) Accept: You don’t know what you’re doing yet 👉 Graduation happens when you stop blam
Paradoxes of life and how to use it to make $1,000,000 in 30 days
Here's the most powerful paradoxes of life and how to use to grow your wealth in the next 30 days. 1. The Time–Money Paradox The fastest way to make money is to stop selling time. Build income tied to ownership (business, equity, investments), not hours. Replace hourly work with skills that scale (sales, investing, content, code). Statistic: 90%+ of millionaires earn income from multiple sources, not salary alone. 2. The Patience Paradox The people who wait make the most. Delay gratification while others chase quick wins. Let compounding do the heavy lifting instead of constant effort. Statistic: Warren Buffett made over 90% of his net worth after age 50 due to compounding. 3. The Focus Paradox Doing less creates more. Pick one high-leverage skill and go deep instead of wide. Eliminate sid
My 6 favorite stocks to add to my portfolio and reasons why: 1. $Alphabet(GOOG)$ target $400 ✅ Strong fundamentals: Dominant search & advertising business with consistent revenue growth and high margins. ✅ Cash-rich balance sheet: Large cash reserves help weather downturns and invest in growth areas like AI. 2. $AST SpaceMobile, Inc.(ASTS)$ target $200 ✅ High growth potential: Pioneering space-based cellular broadband with first-mover advantage. ✅ Market expansion opportunity: If adoption grows, revenues could scale rapidly from a low base. 3. $IONQ Inc.(IONQ)$ target $80 ✅ Leader in quantum computing: One of the few publicly traded pure-play quantum hardware
Here's 20 steps to know in 20 minutes to grow your small account to $1,000,000+ Remember, trading is 90% psychology and how you perform under pressure. Its based on how you behave, deal with uncertainty and be able to deal with discomfort. Right now,@PhilipSoungCho is turned $5K into $25K in less then 3 weeks of trading. Everyday, he was green and its was LIVE in front of thousands of traders. #1. Open IBKR or Webull CASH account. You could also open a margin account if you want to. Open 2 accounts. 1 for swing trader and 1 for scalping. So you don't mix the 2 types of strategy. #2. Write down 10-15 rules for you to follow and never break. This is the start of your trading system. The only way to grow your account without gambling, consistently and in control is by following the rules you
SPY Faces Institutional Risk as Fed Credibility Falters
The Most Dangerous Risk Isn’t Inflation this week. It’s Legitimacy.Jerome Powell is facing criminal investigation.Pause.This isn’t about guilt.It’s about credibility.Central banks don’t run on balance sheets.They run on trust.And once that cracks, markets reprice fast.Here’s why this is really bad for $SPDR S&P 500 ETF Trust(SPY)$ (back at 690) so far:1) Policy paralysis at the worst possible momentAn investigated Fed Chair becomes cautious, boxed in, defensive.Markets don’t fear hikes or cuts they fear indecision.Uncertainty widens risk premiums across equities instantly.2) A divided Fed becomes an unstable FedPolitical and legal pressure fractures consensus.A fractured FOMC means mixed signals, conflicting guidance, and volatile reactions to