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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The exponential moving average (EMA) is a technical chart indicator that tracks the price of an investment (like a stock) over time. The EMA is a type of weighted moving average (WMA) that gives more weighting or importance to recent price data.
Moving average (MA) a used technical indicator that smooths out price trends by filtering out the “noise” from random short-term price fluctuations. When asset prices cross over their moving averages, it may generate a trading signal for technical traders.
Other good YouTube channels you could learn from are
- Wysetrade
- Forte Capital Management
- The Trading Channel
- Rayner Teo
Sec fillings
SEC Filings are regulatory documents that companies and issuers of securities must submit to the Securities and Exchange Commission (SEC) on a regular basis.
How to read these fillings
How to buy the fush strategy
Gravestone dogi candle formation. This is a bearish reversal candle stick, this could help you with taking profits when needed or entering a short position.
Watch video in link for powerful doji candles
A dragonfly doji is the opposite! This a bullish signal which indicates a reversal to the up trend. (Hammer candle) I use this quite a bit to indicate a reversal! Sellers drying and buyers entering!
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- pre-market gainers, get up a few hours early and analyse the top gainers in pre market and draw up support and resistance. You can use Trading view in order to find top gainers or on webull.
- Screen time, previous days runner and hours of charting is how I find plays
What platform to use
In America as far as I'm aware WEBULL is the best platform to use
In the UK IBKR, T212 and Tradezero are good to use.
Price target
Based on resistance. $METX looking at the chart your next resistance point is 0.57, you scale some here 25% and raise SL up. Next resistance point is 0.63 then 0.7. Scale at these key areas. Having a $5 PT isnt really going to get you far, keep scaling.
entry and exit strategies
- Resistance levels are key, make sure you them drawn before every play
How to read charts
- This is a mixture of all the content provided in this thread but when looking at charts its key to zoom out and go through the 30min, 1day and 5min chart.
Trendlines and how to use volume
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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
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