#tradingtips
When you buy and sell on the charts
Intraday trading
-look at 1 minute 2 minute and 5 minute charts, check the daily to see how the stock runs (is it a pump and dump, is it a all day grinder, does it go parabolic, etc)
-look for supply and demand
-when looking for demand zones, look for a giant green candle to the upside and wait for a dip to come down to that area
-when looking for supply zones, look for a giant red candle to the downside and wait for a pop to come up to that area
-reasoning for this is say Goldman Sachs wants to buy 20 million worth of a stock at 5 dollars and they only get filled for 5 million worth, they still have to get filled for 15 million dollars at 5 dollars so wait for it to come back down they aren’t chasing stocks, they wait)
-Same goes for shorting
Swing trading
-all the same rules apply but use it on 1 hour, 4 hour and daily chart time frame
• • •
Missing some Tweet in this thread? You can try to
force a refresh
#tradingtips
•What makes a stock go parabolic and how to find them
Main reason for a stock going parabolic is shorts. For an example, let’s say a stock goes from 4 to 5 off of news that Stanley Morgan gave them a PT upgrade of 6. Shorts will see this as weak news and start
to pile on in for a short taking positions at 5 dollars (most shorts like to take positions at psych numbers, I talked about it briefly but will cover it more into detail in the future). The stock blows through 5 dollars and is now at 5.50 from more buying pressure.
Shorts are now in a pickle and have to buy back their shares before the stock really takes off. So they buy back at 5.50 with more buying pressure coming in. So now that’s double the buying pressure along with new shorts taking a position at 5.50 causing the stock to go parabolic
#tradingtips
How to build small account
-short term swing trades. Try to get anywhere to 5-15 percent on the trade. Don’t go for the 100 percenter
-look for bottomed out charts that are near 52 week lows or possibly all time lows forming a upward trend. The risk to reward ratio
is in your favor
-take profits! The higher your trade goes up, move your stop loss up so you break even or make profit
Aim for around 1 percent of your portfolio a day. For an example if you have 5k aim for 50, 10k aim for 100, etc. It adds up Before you know it, you’ll be aiming for 1k-2k a day.
-cut losses fast before youre bag holding for months just to make 2 percent or break even on a trade
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.
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