Post by Victor VVV on Oct 3, 2019 21:42:54 GMT -5
Stock Trading Tips
(after watching various podcasts)
-Trendspider
Basic day trading rule
*First 5-10 min DO NOT TRADE. Sit and wait.
Warrior Trading: If in a first hour I have not taken a trade it is
not looking good. I do not like to take my first trade at 10:45
or 11am.
Interesting:
In 4 days = Loss of 30k Took 3mo to get the loss back!
01) Learn all candles and all candle patterns.
02) Minimum Three day rule before analysis. (after a big move)
03) BBand (Closes v then ^ lower BB = oversold = Enter trade) use
together w RSI (v 20 then ^ 30)
04) Min 3 points on trend line (the more the better)
(the more recent the stronger)
05) Gap. Take profit taking when 50% bounce back.
06) Vicks are important cause they show a sign of rejection & potential reversal!!
* Vick is a sign of exhaustion. Buyers sellers losing control over the momentum.
* Vicks is also a footprint for take profits.
* Vicks is great for finding a good stop loss.
* If a Vick is 3x bigger then the body this is the sign of acute rejection!!!
07) Bearish Divergence (Price > vs Momentum < or RSI <)
08) 1min or 5min Intraday candle. Gap. Will be filled same day!!!
* 90% of Gaps get filled up (non-intra-day gaps)
09) Usually nothing to trade in the middle of the day!!
10) Intra-day gaps again: UP,halted,UP,halted, UP, halted..then usually DIPS
(DIP=BUY cause it will very likely fill the previous gap!!)
11) PulseWave . Reversal Trading > Pick Tops and Bottoms / vs Trend Trading
12) ‘Hunter’ approach (feed a lot once prey is caught!!)
13) Adapting mindset of a wealthy person = success (pressure = failure)
14) T(rend)A(reaOfValue)E(Entry) Framework
* Trend. P>200MA=LongBias / P<200MA=ShortBias
* S/R / MA / Trend-line / Channel
*Entry Trigger = Reversal Candlestick Pattern
** 1)Trend? / 2) Area Of Value / 3) Valid entry Trigger?
15) How to use Multiple Time Frames?
* 1st 30min of trading has most volume (thus he prefers only this time frame)
* Cross reference different time frames. Around 9:55am see 15min the compare to 5min chart.
* See if there is a same signal on multiple time frames!!
* Then see 30min chart.
16) Pulse-wave guy on gaps.
* You want to see gap filled ASAP so rally continues.
(If not then whoever we stop will be the top)
17) 1 MA or 2? Two. Wait till one breaks from the other. (9/15)(15/50) (50/200)
(Be calm. Trade only clear setups!)
18) 2nd day can be strong if we break the high of the 1st day
200 EMA, VWAP,
*Draws pivots using vicks?!! (looking at daily chart)
19) Where is market at? (SPY, VIX)
20) 100 EMA tends to be a good resistance mark (short opportunity)
21) Buy strong companies when they are on a dip
(they will likely refund as they are strong)
22) You don’t need tone of indicators , make small moves,
23) Prediction: DJ will hit 40-50k before major crash (MELT-UP of 2019)
(Compare: US 1920s, Japan 1980s, Nasdaq 1990s)
(50% of americans are not in stock market)
(CB will pour trillions / Zero % rates = fuel / (Now is Aug 21, 2019)
(How to get out before the crash)
24) Post-Earnings play. Typically stock goes up maybe 2-3 days and then there is a pullback.
Generally you are looking for a first red day. It is called first red day strategy. This has to do when
a stock runs up big (parabolic move). First red day is usually a start of a sell off.
25) After-hours scan to see for next day. Don’t trade 1st 15min. Focus on stocks near
highs or lows of their day.
26) Warning about take back Fridays. Rules about Fridays on WS.
27) Pulse wave guy would not place an order without price triggers
28) Important Technical signals: Quick RECLAIMING of previous point!!
/ Staying within HH or LL
29) If playing NEWS ..WAIT.. until you can clearly see which way the HERD is moving!!
30) Pivots! (seemingly not on intra day chart)
31) Average true range on a stock, daily?
32) Is there for example a bearish engulfing candle that wipes out previous candles.
+
33) Stock makes a big move . Expect next day to make HALF of that move.
34) Pay attention to intraday gaps and quick reverse back! (look for at least partial 1st gap fill)(BR)
35) Bullish / Bearish Harrami (small candle inside of previous opposite candle (pattern))
36) I am looking for a breakdown to the bottom of the previous candle that broke the resistance. (PW)
37) Look for a dip followed by QUICK FILL (or reverse)
38) BR- I don’t play Earnings before EA
39) Earnings play. In the money options (put + call to see expected move)
40) Inside bar (continuation of overall trend)
41) Volume is the MOST important Factor in Identifying Price Movement
+
42) Before EA. See at the end of the day In the Money Options and COMBINE THE #s for 'RANGE'