all this information is based on my own opinion and what has helped me. Might not work for, just remember that. I’m going to talk about trading tips, Scalping Long, swinging long, scalping short, (I don’t like overnighting or swinging a short because I enjoy sleeping at night)
Trading tips
-people on Twitter can be very resourceful and helpful. Use them as scanners! Do not take their trades blindly! You will lose and it won’t end well long term.
-Go for singles and not the big home-runs. Compound gains will build your account.
-people on Twitter can be very resourceful and helpful. Use them as scanners! Do not take their trades blindly! You will lose and it won’t end well long term.
-Go for singles and not the big home-runs. Compound gains will build your account.
Aim for .50-2 percent of your portfolio a day. I’m telling you, it’ll grow
-Find what style fits you, just because someone is a swing trader making 200 percent on a trade doesn’t mean it’s for you. You can scalp 20 trades for 10 percent each and it equals the same
-Find what style fits you, just because someone is a swing trader making 200 percent on a trade doesn’t mean it’s for you. You can scalp 20 trades for 10 percent each and it equals the same
(yeah odds aren’t in your favor but if it’s your niche than it is)
-risk management is the most important and everyone talks about it. You must manage risk to stay in the game long.
-Learn charts, they don’t lie!
-stop trading from your phone, trade from a computer/laptop. It’ll
-risk management is the most important and everyone talks about it. You must manage risk to stay in the game long.
-Learn charts, they don’t lie!
-stop trading from your phone, trade from a computer/laptop. It’ll
open your eyes up way more
-Know the market conditions! Usually my indicator is SPY and IWM to see if they are up or down
-learn everything so you can trade in any kind of market. There’s always money to be made, you just have to find where
-Know the market conditions! Usually my indicator is SPY and IWM to see if they are up or down
-learn everything so you can trade in any kind of market. There’s always money to be made, you just have to find where
-take profits! 0 dollars is better than -100 and 100 dollars is better than 0 dollars. Remember no one goes broke taking profits
-control your emotions! Don’t let trading ruin your mood.
-find activities to do to let yourself cool off if losing (gym, walk, reading, etc.)
-control your emotions! Don’t let trading ruin your mood.
-find activities to do to let yourself cool off if losing (gym, walk, reading, etc.)
-if you lose 2 trades in a row, call it a day.
-learn both large caps and small caps
-before entering a trade, have a stop, entry and take profit.
-90 percent of traders fail because they quit and refuse to learn
-learn both large caps and small caps
-before entering a trade, have a stop, entry and take profit.
-90 percent of traders fail because they quit and refuse to learn
-once you feel you’re not in control of a stock/trade. GET OUT!
-always adapt and learn
-when long think like a short, when short think like a long
-I don’t like to talk about how much money was won or made. Instead I like to talk about percentage. I feel that talking about
-always adapt and learn
-when long think like a short, when short think like a long
-I don’t like to talk about how much money was won or made. Instead I like to talk about percentage. I feel that talking about
money can lead to greed, no plan, emotional, etc
-avoid FOMO! There will always be another trade
-don’t sell your profits short to hurry up and buy a dip, chances are that dip will still be there
-avoid FOMO! There will always be another trade
-don’t sell your profits short to hurry up and buy a dip, chances are that dip will still be there
-learn to read tape
-2 things will ruin you, fear and greed
-are Algos moving up or down
-now some of these things I didn’t recycle in the stuff underneath but I use these for everything in case you think I forget to add it
-2 things will ruin you, fear and greed
-are Algos moving up or down
-now some of these things I didn’t recycle in the stuff underneath but I use these for everything in case you think I forget to add it
-find your own strategy/plan/niche
-know that you won’t always win, one thing I had a hard time with and still do is knowing that you’re going to lose. Don’t be stubborn and let a loser become a blown up account or a winner become a loser
-know that you won’t always win, one thing I had a hard time with and still do is knowing that you’re going to lose. Don’t be stubborn and let a loser become a blown up account or a winner become a loser
Scalp: Long
-usually used as daily income
-charts: use 1/2/5m/ check the 1h/D just to see the range it has to go
-check the float to see how it can move
-supply and demand is key when it comes to scalping for me, I like to try and buy and sell with the big boys
-usually used as daily income
-charts: use 1/2/5m/ check the 1h/D just to see the range it has to go
-check the float to see how it can move
-supply and demand is key when it comes to scalping for me, I like to try and buy and sell with the big boys
-wait for pullbacks, they are healthy and normal. Buying spikes will hurt you
-difference between a knife and a pullback is consolidation
-difference between a knife and a pullback is consolidation
-for an example if a stock spikes up from 6 to 9 pre market and comes back down to 7.50 and makes its way up to 7.70-7.80 and stays there. Look to add in the 7.50-7.80 range and make its way back up to Pre market high or possible new high of day
-make sure you understand the news if it’s fluff or good news
-as repeated, know the market conditions and follow the trend
-as repeated, know the market conditions and follow the trend
-for the trend, are stocks flying in premarket, at 11 am do they pick up, is power hour a time when they pick up, etc.
-Volume is key when scalping! Following the volume. if there’s no volume, the stock will most likely die.
-Volume is key when scalping! Following the volume. if there’s no volume, the stock will most likely die.
-size in and out accordingly. Don’t go all in or all out at once
-scalpers under 25k, use 2 accounts so you get more trades. Use a cash account and use half the money on Day 1 and the other half on Day 2 and Day 3 your Day 1 cash will return.
-scalpers under 25k, use 2 accounts so you get more trades. Use a cash account and use half the money on Day 1 and the other half on Day 2 and Day 3 your Day 1 cash will return.
sympathy plays are great for scalping as well. Don’t just slap any sympathy tho. Know the market conditions and see how everything is moving
Swing: Long
-could be used for daily income or long term wealth
-charts: use 15m/30m/1h/4h/D possibly weekly/3 year (might be able to see where some of these stocks traded at before Covid)
-size in accordingly, personally starters are great
-could be used for daily income or long term wealth
-charts: use 15m/30m/1h/4h/D possibly weekly/3 year (might be able to see where some of these stocks traded at before Covid)
-size in accordingly, personally starters are great
-add in on scales of 4-5 or whatever works for you
-if you’re fully in and down over 15 percent, get out. You can always add back in
-if you’re fully in and down over 15 percent, get out. You can always add back in
-Hedging is key when swinging. For an example say you want a stock to go from 3 to 5. You’re fully in with 1k shares with at 3 dollars . Have some shares available to get your price lower. If the stock drops to 2.80, take 100 more and 100 more at 2.70 and sell the 200 shares back
at your average price to make your average lower but remember you want to ride your 1k shares to 5.
-be patient but don’t bag hold. If your swing isn’t working in 2/3 days, be patient! If your swing isn’t working in 10 months we’ll you’re an investor now. Know the differences
-be patient but don’t bag hold. If your swing isn’t working in 2/3 days, be patient! If your swing isn’t working in 10 months we’ll you’re an investor now. Know the differences
between swinging and investing
-I don’t do options but they can be very beneficial when it comes to swing trading
-look for an upcoming catalyst or see if that certain sector is hot.
-I don’t do options but they can be very beneficial when it comes to swing trading
-look for an upcoming catalyst or see if that certain sector is hot.
-look for bottomed out charts and stocks that are in a reversal on the daily in an upward trend.
-volume must be there daily when swinging
-volume must be there daily when swinging
Short: Scalp
-used at daily income
-this is the riskiest strategy of trading whereas there’s no limit on how much you can lose
-charts: 1/2/5/1h daily to see the range when it goes
-check the float (anything under 10m I will not trade)
-used at daily income
-this is the riskiest strategy of trading whereas there’s no limit on how much you can lose
-charts: 1/2/5/1h daily to see the range when it goes
-check the float (anything under 10m I will not trade)
-check for insiders and institutions. Golden rule for me is any of them over 40 percent I won’t trade (I know others have certain rules but just mine)
-the later you are, the better you are. You want to be late to the party
-the later you are, the better you are. You want to be late to the party
-supply and demand
-Pops and spikes are the best to short. They are not healthy and likely comes back down. Look for volume to die down when shorting pops and spikes
-Pops and spikes are the best to short. They are not healthy and likely comes back down. Look for volume to die down when shorting pops and spikes
-if a stock is up 50/60 percent on the day, just know shorting is in your favor to begin with but it doesn’t mean it can’t stop going up. Market conditions plays a role in that
-starters are very important when short selling, slowly add in to your position by looking for pops
-starters are very important when short selling, slowly add in to your position by looking for pops
-recent bag holder areas to begin a position because people are looking to break even or take a small profit and just get out of the trade when longing
-dilution (warrants, atm, etc)
-first red day on the stock
-is the news legit or is it fluff news
-history of the stock, is it a natural all day fader, is it a grinder, etc.
-DO NOT BE STUBBORN!
-Never trade an all time high
-first red day on the stock
-is the news legit or is it fluff news
-history of the stock, is it a natural all day fader, is it a grinder, etc.
-DO NOT BE STUBBORN!
-Never trade an all time high
-psych numbers when adding in examples 5, 10, etc. Most people aren’t going to sell a stock at 4.73. They will look to ride that to 5 and sell then.
-Don’t try to guess the top of a short, you’re gonna get squeezed out. Wait for the backside
-look for rejection areas
-Don’t try to guess the top of a short, you’re gonna get squeezed out. Wait for the backside
-look for rejection areas
They are just some things I can think of at the moment. I’m sure I missed a bunch and some people don’t do any of that but again just my opinion and it has helped me. If you guys find this helpful as well, let me know. I will do write ups weekly. Thanks.
I learned this stuff from people like @MrZackMorris @PJ_Matlock @ohheytommy @notoriousalerts @Ultra_Calls @diabloricky @realwillmeade @ripster47 @jtraderco @Michael___Hunt @verdetrades @team3dstocks @Hugh_Henne @ChrisRandone and many more. Sorry if I forget any of you
Some others who I have learned from @RocketCatchnBob @InvestorsLive @ACInvestorBlog @LadeBackk @yatesinvesting
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