Thread by @DodgysDD

🚨LEVEL 4:🚨

Alright, you know a lot at this point . You are a master at supply and demand, know support resistance, know the indicators you like/use, and can identify trendlines.

I’m going to be talking about volume in this thread and at the end of this, you’re going to realize that price action is good to use, but price action + volume is the GREATEST combination you can ever have in trading

Volume, or volume price analysis, is the one of the most important skills to know in trading and you should definitely drop a follow to @Brady_VPA as he is the volume master where I learned everything regarding volume from.

Starting off, watch Brady’s volume price analysis episodes on YouTube, they will take a while to get through, but try to get through at least 1 a night x and I promise you will understand SO much more, and will even be able to predict future price action based on volume

First episode:

Keep watching the rest of the series it all goes in a row and is super easy to follow.

Indicators like MACD and RSI are lagging, but I truly believe Volume helps you predict the future better than anything you can ever use

VPA video by Anna Couling (a little dry but important):

If I could only tell you to read one book, it would be Volume Price Analysis book by Anna couling, PLEASE READ: cdn.discordapp.com/attachments/70…

That book, and Brady’s series is basically all you need for volume but it is A LOT to go through but very important. VOLUME IS EVERYTHING, and knowing how to read it will make you a 10x better trader.

QUICK BREAK: Read this motivational tweet:)

https://twitter.com/mini_tradez/status/1409488268425502722

READ THIS THREAD IT’S AWESOME AND HAS MORE VOLUME INFORMATION (Under “Next” Paragraph):

Next: Here’s a ton of videos/pictures on chart patterns you should know (thanks to atlas/@ripster47 for some of these pictures

https://twitter.com/dougie_dee/status/1377000636768731141

(double/triple top/bottom breakouts are VERY common and my favorite setups to play)

These are all from @ripster47 #flashcards channel in the atlas discord, these are just ones I like, there are plenty more in that channel so go check them out, I linked the discord in the level 2 thread.

Next: You should know about fibonacci sequences and how to use them, it’s an extra secret recipe you can use as more confirmation to take a trade, watch these videos on them and MAKE SURE YOU UNDERSTAND them and practice using them, as they can be a bit complicated

Fib videos:

ANOTHER VERY IMPORTANT TOPIC, RISK TO REWARD STRATEGIES. When taking a trade you ALWAYS want to know how much you are willing to risk versus potential reward. You can do these by drawing out boxes. These videos do a good job of explaining risk to reward. ALWAYS USE THIS

Here’s a picture on risk to reward that have ALWAYS stuck with me and show how important it is.

this means if your R/R is 1:2 (risking -10% downside for a potential 20% upside) you ONLY need a 33.33% to be breakeven, and anything above that to be profitable. A 33% chance of winning is even a smaller chance than when you gamble, so if you have proper risk management you can

absolutely become SUPER profitable. But it does take practice. This is another reason why stop losses are VERY important.

READ THIS AMAZING THREAD BY @JamesLefaith ITS CRUCIAL TO UNDERSTAND

https://twitter.com/jameslefaith/status/1405356951459016704

This was a ton of knowledge of videos/pictures I just shared and it’s going to take you a while to get through them but it is definitely worth it, and you came here to learn so watching those is how you will learn:)

Aside from all this, having a plan going into every trade is KEY if you want to succeed. I’d you don’t have a plan, you won’t win. Guess who else doesn’t have a plan? Gamblers! We are not gambling, we are here to make money using proper risk management.

Additionally, you guys have to understand that no matter how many followers you have, you can be a better trader than anyone in this community, even zack morris. It all depends on the amount of work you put it each and everyday. You are fighting against yourself, not other people

BTW, Watch this video regarding Volume that I made, it tells you how you know when a pumped stock on twitter is going to die when reading the volume:

https://twitter.com/theeryanwilson/status/1448812405509787654

Quick Tweet talking about when there is a breakout of a resistance level:) that I think is useful

https://twitter.com/ripster47/status/1409901583186366465

Next thing I wanna say is, you NEED to be charting yourself every night and charting things you see live during the day as MUCH as you can. Watching these video help, but the benefit of YOU charting is you will one, get faster at it, and two, will see how well charts respect the

levels you make, which tells you if you need improvement. If you have already watched everything in this thread, PLEASE just keep charting as MUCH as possible that will be the #1 thing to get you better other than watching videos.

This next thread, level 5, will contain everything regarding options although people in this level (level 4) have probably played options as well.

LEVEL 5 THREAD:

https://twitter.com/dodgysdd/status/1449798291961614346