TradeThePattern 📊 Profile picture
Full Time Trader DayTrading Ideas & education posted real time Tweets are NOT reccomendations to buy or sell ⚠️
Oct 22, 2020 4 tweets 3 min read
Bought $HYLN here, speculative trade

No setup here, straight bottom fishing, I'm prepared to stop out no questions asked $22.67 break even stop $HYLN Sweeeet! Looking to sell any pop over $25 may or may not happen, considering the range i'll give it eoom

#ShortSqueeze 🔥
Oct 21, 2020 6 tweets 2 min read
1. New Traders:

It's natural to focus on "how much money you're going to make"

Which trade is going to make you that gain $$$

The money money money 💰💰

But your gains are burried in your losses

Let's approach this from the losing side

(THREAD) 👇 2. Our brain is naturally not wired for Stock Trading, so it takes time to rewire

Ever held to a losing trade and just couldn't let go till got worse?

Ever sell a stock too soon for fear that it may come back?

Ever turn a winning trade in to a losing trade?

These are FEARS
Oct 21, 2020 4 tweets 2 min read
Filled some $CGC In to the 13-20 Buy Zone

Keeping a tight leash on it ✅ $CGC hard stop set $19.50 @ break even

Not a lot of follow through on setups today it seems, very choppy

It either goes or it doesn't

I ♥️ Break Even Stops 🙂
Oct 20, 2020 4 tweets 2 min read
RSI is not a buy and sell indicator ❌

-Relative Strength Index
keyword = Strength

A stock can remain Overbought or Oversold indefinitely

You don't need RSI to tell you OB/OS

When the distance between Price, 20sma & 200sma become equal, you're getting close to OB/OS Image Buying or selling on the mere fact that RSI is overbought or oversold will eventually get you a Net Loss, the probabilities will eventually catch up.

Price, Volume and key Moving averages will do the job

Keep it simple 👌

#Trading #Stocks $JKS
Oct 20, 2020 7 tweets 3 min read
Long some $PPSI @ 2.85
Tight stop @ $2.79 Image $PPSI Sweeeeet! 17%🔥

Looking to scale out just under the 200sma Image
Apr 29, 2020 9 tweets 3 min read
How to gauge risk for a complete newbie: #Stocks

If you've hesitating, second guessing or wondering where it is a good price to enter a stock while keeping risk low ect.. .

Here is a simple method you can use to gauge risk.

I will keep it very simple, so lets go!

Thread 👇 First thing is first, make the 20sma and the 200sma (simple moving average) your friend.

What a moving average does, it simply smooths out the direction of price over the last 200 candles or 20 candles on a chart:

It is as simple as that