they will flush (meaning people take profits when market opens) and bounce in the first 30 minutes ending up in a 50%+ run. This is where you have to watch volume, if you notice a TON of premarket volume (meaning the premarket volume is already HIGHER than yesterday’s total
volume), AND then the volume triples at market open, that’s usually a good sign and results in a huge run throughout the day (not all the time but a good probability).
I have a little secret for you though, if you are new and this seems like all too much, follow people like @notoriousalerts@Mini_Tradez (you will find others) who post alerts throughout the day. They usually are already on top of the stocks that day
with TONS of volume, great price action, good news, or good DD, and as a beginner, take their alerts. There is nothing wrong with taking alerts and I know a ton of good traders who started out that way. Take their alerts, but PLEASE do not blindly take their alerts, look at
their reasoning or look at the chart, and decide if you like it, and then take their alerts and see what happens. I learned SOOO much from doing that, and if you need discords that have free alerts, dm me. Although you might think this is a good strategy in the beginning,
alerts won’t save you because you are basing your trade on THEIR conviction, but it’s important to take good traders alerts because you will find out for yourself WHY they alerted something they did. I remember I used to take sooo many of @Mini_Tradez alerts and at the time
I never knew why he alerted things he did, but then I started to realize he was a breakout trader, so he found stocks such as ones with lots of volume throughout the day and bought it when it started to breakout of key resistance levels. Over time, I started to understand
after watching all of his wins and losses, where he found the stocks (lots of pre market volume, good news, etc) and now most of the time he alerts I immediately go “oh that was one of the top gainers in premarket today” and understand why he is alerting it.
There is no shame in taking alerts as a beginner but realize it will not save you, but it DEFINITELY has helped lead me in the right direction. Using twitter and discord can often be your best scanners as a beginner, and following experienced stock traders
and being in discords like the Atlas discord help to provide you many ideas, and you will start to realize many groups talk about the same stocks everyday because they were all pre market gainers/had good news earlier.
If you don’t feel comfortable taking alerts, WATCH people’s alerts and watch from the sideline and watch how they play out, OR you can try paper trading. If it goes wrong, then you can surely just tell an experienced trader on twitter your entry and your exit and they will
normally help show you why it was a bad trade or what you could’ve done different, but some trades DONT go the way that is expected, and getting stopped out and following your man STILL means it was a successful trade even though it may not have been green.
Lastly, click this link and join this Atlas server: atlas-trading.net
Once you are in, go to the #tradingfloor, you will see many top tier traders talk about “good dip adds” and good momentum plays throughout the day, and if you see a ticker mentioned,
pull up the chart, and using your charting skills, and your skills on identifying strong price action from my other beginners thread, you can decide if it’s a good trade or not. You really don’t need any magical scanners because there’s already so many good and experienced
traders out there who will give you so many ideas throughout the day, and from there you just use your charting skills on when to take an entry/what not.
If you DO see stocks mentioned in the trader floor of Atlas, make sure you scroll through twitter and see if people are talking about the same stocks, notice what they are saying, type in “$XStock” in the search bar of twitter and see what people are saying about it.
Don’t listen and do exactly what others say, but all these things will help you factor into your decision on if you want to take the trade or not. Also, when joining Atlas, you will start to notice people in the trading floor like @Hugh_Henne , @MrZackMorris, and you will see
the same names pop up, on twitter when you follow people like this, you should start to find other lesser known traders on your feed. Through following people in Atlas and discord, I’ve found many underrated traders with smaller followers who post charts just like I do
during the day, and remember, you don’t have to have a lot of followers to be rich, I’ve found some people with under 1000 followers who are millionaires, so take a look through their feed and decide for yourself if and go with your gut if they seem like an experienced trader
to follow. I’m running out of tweets on this thread, so I’m gonna make a totally separate thread for options and it should be much shorter than this, and I’ll probably post it in the next few days for you options traders.
Well, that was the most honest answer I could give you guys, one day when you have more experience, you will be able to go on finviz or any other scanner and IMMEDIATELY know EXACTLY what you’re looking for and literally search within a second of categorizing whatever you are
looking for. Trading is just like math. In first grade it probably took you a few minutes to add the sum of “10 and 5,” and you had to think about it, but now you could do that in an instant since you practiced math everyday.
The more you play these alerts mentioned all over twitter, the faster you will start to realize WHY it was called and where they find it, just like how you can now compute the sum of 10 and 5 in a second.
Anyways, I hope that helped it was the most honest answer I could give you guys. Will be posting an options one in next few days. DM me with questions, I love talking to people.
This is all free but if you are feeling generous DM me if you would like to tip me:)
Good luck!
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This is mainly for SHORT term option plays, not 1 month+ option swings, as I don’t play those. DM me if you have any questions, and enjoy as always:)
I’m going to start off saying two things, one, I do NOT and never have used scanners for options, because I mainly play the same 20ish tickers for options, BUT I’m going to teach you how to using finviz.com
So, if you are using finviz.com, you WANT to play options on mid/large cap companies with a lot of volume everyday, because if there’s no volume on these tickers you are playing options on, the spreads are going to be wonky and may not even move, that’s why I play
I’ve been getting TONS of dms asking how I find my plays/setups and I’m going to give you the most honest/helpful answer I have. This is for option and shares plays.
When I first started trading, I was like you guys, I would always DM/reply to people asking how they found their plays and I would get a TON of different answers. Overtime, this is what I learned:
This is going to be a lot to explain, and I’ll try to organize this the best I can, so try and bear with me. It will probably take two threads to explain all the different options to find stocks, so the next thread will be linked at the end of this one.
Ascending triangle on $SPY (3 min), paper traders try practicing playing the breakout (wait for 5 min close above line for confirmation). Super popular setup you should know.
BTW this won’t always break above, could break below which is a good time to short or buy puts for more experienced traders
It broke under, which means could see drop to 446. Under 446.40 would be confirmation because that was the last higher low
🚨EXTRA BONUS THREAD OF STUDY MATERIAL/MOTIVATIONAL TWEETS I LIKED:🚨
This will also include some other awesome threads I’ve read in the past that are SUPER useful
Awesome advice from @singlesdoubles about stop losses. Reasoning, levels like this are where beginners would normally set stop losses because it’s usually under a psych support, and that’s where market maker try to stop loss people out before going up again
At this point, you know tons. You have put the time in studying, you are either a hard worker or a smart kid in school lol, but some of you guys (not all) are still not seeing success. This is the level where you would learn/know options.
Before I get into the psychology part of trading, which in my opinion is the most important part of trading, I’m going to go over some options stuff. If you don’t know what options are, you’re going to have to watch a couple videos to learn them first.
Before thinking about trading options, I definitely recommend paper trading them first on Think or Swim (TD Ameritrade) because they can be VERY risky. I would also put 2% or less of your account in them when first starting to play them on your actual account
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.