There are tons of great trading strategies out there. This is what I use and have found it to be very successful. Please invest in yourself and study hard! If I can figure this stuff out, anyone can. 😊 Wishing the best to all of you!
Here are the individual links.
Charts, candlestick patterns and support/resistance
Okay, I cheated my way through Econ in college so all you Econ gurus dont @Me but please add helpful tips to the community so we all can grow. 😊
I have been asked many times how I determine my plays for the day. There are 3 things that I look at in the morning before open.
Investing.com for futures and Finviz.com for the economic calendar. For example, if the S&P 500, NASDAQ and DOW are green, I will look at tech and growth stocks for possible calls. NVDA, MSFT, AAPL, AMZN, GOOGL, TSLA, etc. And of course the ETFs
SPY QQQ SPX XLK. Commodities: If crude oil is up I will look at oil plays. OXY DVN CVX XOM FANG MPO and the ETF XLE. When gold and/or the 10 year treasury yield is up, then I will look at growth and tech for a possible downside. When the 10 year treasury yield increases but
short term rates stay, I will look at banks for a possible upside.
Also I look at the economic calendar. FOMC, CPI, GDP, etc can have a huge effect on the stock market and create a ton of volatility up or down.
Premarket: I always have these charts up every day: SPY QQQ SPX VXX NVDA AMD AAPL MSFT AMZN GOOGL and also TSLA ARKK FB. You could literally play these tickers alone and never open another chart. But I do! I have tickers on group charts by sector. So in the A.M. I will scan these
groups for a trend. Here are a few examples: Chips, banks, China stocks, BTC.
Hope this helps! Much success to you all. ♥️
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I started out in the OTC and listened to every play the furu called out. At 1 point, I lost $40k in 1 day. That was it. I set my sights on learning. I was never going to rely on someone else again. I then went into options and learned from the BEST @TheRealNasa00 (cont'd)
But it was always always my journey to do this completely on my own. I OWN my financial future...no one can do it for you. I leaned on @DrBullShark@AdamMancini4 and @AaronRentfrew for even more edu. I will forever be greatful to these 4 guys. ❤️ Also learning market (cont'd)
structure through @vwaptrader1 and it's been beyond helpful. Fast forward to Jan 2023. Dove into futures. January was miserable! Feb a bit better and March one of my best profit months. Moral to this story...when I started I thought the word "strike" only had to do (cont'd)
QQQ! Remember to always check PM. Price action was above the 50SMA on all timeframes (1, 5, 10, 15, 30, 1 hr, 2 hr). This is an A+ set up and short of news would take a lot to bring this structure down. Bullish lean! Someone asked me how I still confidently play the open: Cont'd
Entry at open. PT was 318.40 (BJ Key level from yesterday). We hit that perfectly & I exited the trade due to hard rejection yesterday. Retested the 8EMA on the 10 min like I talk about often & I took another entry (see 10 min chart). Exited on the stall out (1 min chart) Cont'd
At this point I was done for the day. Buuuut, I couldnt help myself! Was looking at ES and how it was defending 4140 strongly. I thought, ohhh they are going to push this today. Waited for another pullback to 8EMA on 10 min chart & took final play.
Reviewing my trades tonight. Had a really good day, but emotions are my enemy & fear got the best of me. Could have been a stellar day. After the initial flush I entered calls after price action cleared VWAP on the 1 min and came through the 50SMA on the 10 min. Cont'd ⬇️
Because of the earlier rejection on 4040 I got the nerves & exited. Not even a runner. Just a big ole bowl of fear. There was not one reason to exit. Look at the volume, the DMI. Look at the 10 min chart. Those 4045 cons went ITM. I walked away for a bit to relax. Cont'd ⬇️
Later on realized Biden was speaking today. Price action was still very bullish & I thought there was NO way he was going to say anything negative...they're going to run this up. Got back in, went red for a few minutes but relied on that 10 min staying strong. Cont'd ⬇️
Hey you guys, I want to show you why the Directional Movement Indicator in TV is sooo important to my trading. As you know, I trade the 1 min and can be especially helpful right at open. I took 3 SPX trades today. 1st 2 in the first 10 mins of open and then another on momentum
I have added a 16 and 25 trendline on the DMI. The white is the ADX (over 25 is momentum) and the +D1 is green (bulls) and -D1 is red (bears). At open when one spikes violently, that will tell you who is in control and perfect for an amazing scalp. Same with intraday.
And intraday where things are moving a bit sideways. Just wait for a spike in the +D1 or -D1 and if there is a huge spread between the 2, that is a strong play. In and out fast! The first pic was open. The second is intraday. Cons 6.90-11.00, 7.10-13.00 and 4.30-11.10
8/21 EMA Trading Strategy and notes, Dealing with emotions, options basics, charting/TA and video links for additional learning threadreaderapp.com/thread/1490018…
For all you using the 8/21 strategy who trade on the 5 minute time frame, here is an EXCELLENT video from @mandertrades@DiamondxTrades This is really good!
PRICE ACTION. There are entire books published on this topic, but this might help to give a glimpse of what it is. It is so important it is to learn this. There are likely tons of videos on it also 😊