THREAD DOWN BELOW ON HOW I FIND MY PLAYS
In this thread, I will go over how I find my stocks, what stocks i prefer to day trade and more. $prog $metx $ocgn $brpm
What type of stocks am I looking to trade
- As I am a high momentum trader I look for low float stocks which for me is below 30M float.
- I look for low float, high volume scalps.
- I look at the chart and due to screen time instantly spot key support and resistance
How do I figure out specific price points?
- Use the daily chart to review previous areas of resistance, also use the 30 min chart to identify key trends.
- For example, $PROG I said key support was 2.5 multiple times, why? this was the previous breakout area turn support
What type of stocks am i looking to trade
- As i am a high momentum trader i look for low float stocks which for me is below 30M float.
- I look for low float, high volume scalps.
What information i look for when buying a stock and what I used to sell
- When buying a stock I look for why it ran (momentum explained below) the float and what key resistance points to open a big gap
$METX (carried on down below)
$metx if you look at my chart analysis, I explain the key levels and if we scale to hold above I tend to scale at these key points, that's what I look for when I sell.
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High momentum trades
- The most volatile trades, people get burned on these the most as they have a tendency to FOMO
- Again, analyse the chart, zoom out, look for support and resistance points and draw your lines. This is why screen time and education is important.
How to draw resistance and support
How i scan my plays
- FINVIZ (for swings)
- Twitter, webull (pre market gainers) and previous day runners which I chart the night before (day trades)
FINVIZ and Twitter
- I use this to find Float, Short interest, charts just to go over and see what has most potential but honestly Twitter is probably the best source now as so much information is provided! Go on search, press the dollar sign and type in symbol, like this $PROG
THREAD DOWN BELOW FOR TRADING
Within this thread I will go over educational content you can read and watch, chart patterns, best platforms to use and more
$prog $metx $nept $bxrx
Rules that i follow on a day to day basis 1) Make sure I have a plan when buying a stock 2) Move SL up as go along 3) Stay strict with my support and resistance levels 4) Scale as the stock price moves up
My favourite book to read
- How to day trade for a living by Andrew Aziz
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My watchlist for tomorrow, again short and simple will focus on a few stocks. $prog $metx $snoa $irnt $hcti
$prog
- 3.5 - 3.7 demand again, 4 break key for move back towards 4.2
- Under 3.5 you got the 3.3 level.
- 4, 4.2, 4.35 and 4.5 all key levels for bigger run to 5+
$metx
- Key support area 0.38 and 0.35 area then 0.28 which is bottom
- Key resistance to get back above 0.43 and 0.48 for key momentum to pick back up
- Keep sl tight on this
WATCHLIST FOR TOMORROW BELOW
God damn im working hard lol. But looking at $metx $prog $snoa $brpm
Sometimes you only need a few stocks will watch these for key scalps!
$metx
- 0.7 key break, want to hold this on 5min for a parabolic move
- Move sl above avg, scale as you go alerted this at 0.3
- Has bounced from this 0.48 - 0.5 range which is demand and 0.51-0.6 supply
- Re break 0.63 into tomorrow
$prog
- well well well this already went crazy haha as I was writing this but we got this early ah and during market hours! step by step guide.
- 4.35 key resistance, when it broke out this area yesterday it hit 6.47
- 3.5-3.8 seems to be demand with 3.8 also acting as support