How I Day Trade With No Charts

Yes you heard that right ๐Ÿ”ฎ๐Ÿง™โ€โ™‚๏ธ

//THREAD//
Avi how do you trade with no charts? Well let me introduce you to something called tape reading. Tape reading is one of the largest edges you can have within the markets. This reading order flow
Reading order flow allows you to see specifically what the big hands are doing and betting. On top of this if you understand the narrative of a stock you can anticipate and predict what you want to see in the tape. If you have an idea that a large hand needs to accumulate
you will now look for this within the tape. But how do you see this? While reading tape it includes 3 things. The bid, ask, and time and sales. Large hands can hide orders in the bid and ask but not the tape. So how do you know if they are showing hidden orders?
If I see a situation where there is a 1,000 share buyer on the ask for an example at $10. If I see 25,000 shares get sold on the bid, and that bidder of โ€œ1,000โ€ shares hasnโ€™t moved. I now know he has a hidden order sitting there
So I will find calculated zones on my charts and once Iโ€™m trading will only need to watch the bid, ask, and time and sales. As long as I have points of interest in mine. I will look to find zones in the tape where big players are trading around
I will then watch how they accumulate, distribute, or spoof. Spoofing consists of fake orders to artificially hold a stock down. If I know a stock had a whale spoofing at for an example $10 the day before. Once we return back to that price if he lifts that huge sell order
I can expect a huge squeeze over that level. Understanding that he has now fulfilled his agenda.

Everyday I read tape for my students!

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More from @AviPearl2

6 Apr
3 Trade Ideas ๐Ÿ’ก

//THREAD//
$AMD Has been sitting in the same consolidation zone for 6+ months seems as they're accumulating for the second leg. $AMD on the 2YR time frame has a VPOC of $31 giving me confidence dips will hold. Looking to buy any weakness into the green zone, stop losses in red zone.
$SHOP should start to see this previous high volume zone hold. This would be more of a spot for longer term holds as your stop loss would have to be wide. Weekly closes above 1300 should trigger momentum. Lots of support into 1000 would need room to add. LONGER TERM.
Read 4 tweets
5 Apr
5 Reasons Youโ€™re Failing At Trading

//THREAD//
Too Many Strategies

>Jumping around strategies is deadly. You never can master one strategy.

>Find what fits you and double down!

>Simplify your trading by doing the same thing every single day.

>Every mast has one specific attribute they have mastered ๐ŸคŒ
Your Risk Management Is Trash

> Are you risking more then 5% of your account per trade? Yes? You will not be profitable for long.

>Focus on longevity! You should never have a day where you risk 2% of your day trading account.
Read 6 tweets
5 Apr
The Market Is Run By Emotions!

This is how the Volume Profile gives you a look into the markets psyche

//THREAD//
What Is The Volume Profile?

The Volume Profile is the shaded zone on the right of the chart below. The volume profile measures how many shares are being traded at a certain price. This allows for an understanding of where long are sitting & where shorts sellers are sitting.
Why Does This Help?

Well let me ask you thisโ€ฆ Do you manage a losing trade different then a winning one? YES! Of course you do. So now if I know the majority of people are losing money I have an idea that a stock will act differently as if people were in the money.
Read 9 tweets
30 Mar
5 Ways Large Hands Work Against You

Day Trading & Investing

//THREAD//
Stop Hunts (Investing)

Did you know large hands know exactly where your stop losses are? Because of this you have to think outside of a retail traders mind. Most investors will put stop losses at psychological number for example $100. (1/3)
Stop Hunts (Investing)

So a large hand will target an area where lots of stops are. They will dip below $100. Now everyone gets stoped out & is selling shares back into the market place. That large hand will now absorb all of those shares for his own agenda. (2/3)
Read 8 tweets
30 Mar
Student killed it this month despite the horrible market condition... +$14,000 his first month as a Mentorship student

Here are a few lessons I teach ๐Ÿ’ซ

//THREAD//
Probability

Here is a simple way to create an edge. Categorize each set up you trade. Then go back in chart history & personal trading history. You will then record win % to figure out which are the most rewarding set ups. You will then only put on major risk into these...
Over Trading

Over trading is most traders cryptonite. Let me explain, if I take one loss throughout the day. My system can handle that. But if You over trade and take 5 losses in a day your system cannot handle. UNLESS you are trading above a 5R basis.
Read 4 tweets

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