More from @SoccerMomTrades

Canadian Soccer Mom

@SoccerMomTrades

27 Feb

All right, took some time to reflect on bigger picture of $ES

Imo we closed in no (wo)man's land leaving both sides🤔

There is a fairly sizeable air pocket to the downside but I personally don't like "betting" big on weakness that's so "advertised" thus I'm neutral

/n

First off let's look at $ES , it was actually on its way to a pretty decent close above the +1 std dev on weekly but it's like at 3:45 someone said "fuck that"

I've mentioned before for sellers I prefer closes above as it keeps buyers comfortable and you can shock them on OVN

In fact this weekly close was very similar to the one on Jan 29th (last day of Jan 25th week), after what was supposed to be after our "black swan" event 🙄

See the second pic for how that panned out into Friday close, Sunday open and what was a big reversal into Monday's RTH

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Canadian Soccer Mom

@SoccerMomTrades

3 Dec 20

🏗️Funnel Method for Building a Core Position 🏗️

If you have belief in a company or thesis, the best way to be exposed is with a core position. I use a funnel method where you use a couple of short and intermediate trading timeframes and "funnel" the profits to your core

1/n

Let's say you really believe in $AMD in April and want to have a decent exposure for an eventual breakout. You don't know exactly how this happens. So you allocate 1/2 of the money for this position to a core of 1000 shares and the other half to the funnel method techniques

In the next 90 days, you are able to generate 100 extra shares of AMD bringing your cost basis on the original $55k investment down to $50. As a result, when $AMD has its final shakeout you are not stopped or rattled and manage to stay in for the eventual breakout

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Canadian Soccer Mom

@SoccerMomTrades

30 Nov 20

Cannabis stock chatter getting too hot....trimming some to add later $CGC / $CRON

loool $sndl

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Canadian Soccer Mom

@SoccerMomTrades

7 Sep 20

📔 Mom's VWAP Workshop Thread 📔

The Volume Weighted Average Price (VWAP) is a reference line you can place on your chart based on a combination of price and volume. Unlike price-only Simple Moving Averages (MA), it changes direction when price movement has volume behind it.

This is the best non-mathematical way to look at the VWAP:

"Draw the VWAP across any duration of time.....if you sold above it, you got a better deal than the average sellers...if you bought below it, you get a better deal than the average buyer"

intraday example

Now keep in mind, VWAP is evolving so don't fall in love with the hindsight perspective. In the chart below you can see, early morning 10 am buyers thought they got a deal but by noon and end of the day they were under-performers

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