a) Conservative: Wait for a 5 minute candle to close through the trigger level. Ex: if an $AMD put trigger is under 100 and 5 minute candle closes at 10:45AM at 99.85, take the position.
🎲 How to play trigger watchlists 🎲
1. How/When to enter:
This is NOT an exact science, there is no way to avoid fakeouts. These are KEY levels, and for that reason, provide strong moves. However, they can be hard to break due to their significance. You must manage risk.
a) Conservative: Wait for a 5 minute candle to close through the trigger level. Ex: if an $AMD put trigger is under 100 and 5 minute candle closes at 10:45AM at 99.85, take the position.
Taking losses is inevitable in trading. Our job is to minimize them. My rule here is -10% hard stop loss because you can always re-add the position.
Suppose you take a position from Ex a) $AMD immediately reverses and closes 10:50 5m candle at 110.15…
If your position is green, set a breakeven stop. No need for a green position to turn red. Identify the next sup/res on a 5m chart and use that as a short-term PT. Upon hitting that next level or a desired % gain, scale some. Then move the remaining stop loss higher.
Should the tickers gap up/down past the designated triggers, wait for retest of the trigger. Ex: $AMD gaps down to 99.50 & within the first 15 mins it retests 99.95-100. Could be a good time to take a put position. Old supports often become resistance & vice versa
Many people on twitter give useful watchlists. Take them and create you own style and set of rules. For me, key levels and volume are all I need. I watch VWAP and 9ema for confirmation. Do what works for you. There’s no golden indicator. Good luck!
@BullishMont
@DBookTrading
@K1Calls
@notmrmanziel
@RockyBTrades
@SpyGuyTrading
@ThetaWarrior
@Tommy2toes10
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A COMPLETE BREAKDOWN OF MY MOMENTUM DAY TRADING PROCESS.
[THREAD]
A process is just a set of rituals you complete consistently every single day to achieve a certain outcome (profit).
A process requires an edge which is simply a statistical advantage you have over other players. A strong psychological state can be considered a bonus edge.
I believe that trading can be split into three elements:
1) Knowledge and idea generation
2) Method and trade execution
3) Risk management and mindset
Each element is necessary and it builds a solid foundation in your trading process.
These factors make up the trading trinity.
MY SCANNING PROCESS:
In PM, I look for:
- Top gainers (40%+)
- Notable volume on gappers
- News or catalysts (to justify gap)
- Float (<50M)
- Market cap (<500M)
- Range (check daily)
- Price (<25)
- Stock personality (check daily)
- Filings (cash on hand and offering potential)
I like to use websites such as:
- https://t.co/dGrDjwtOR8
- https://t.co/Vc256oZCre
- https://t.co/AFrA2ebGr6
- https://t.co/N9nDmqz54E
- https://t.co/0aEt36amzx
- https://t.co/K5b5oercFQ
- https://t.co/VogPh4QNHM
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[THREAD]
A process is just a set of rituals you complete consistently every single day to achieve a certain outcome (profit).
A process requires an edge which is simply a statistical advantage you have over other players. A strong psychological state can be considered a bonus edge.
I believe that trading can be split into three elements:
1) Knowledge and idea generation
2) Method and trade execution
3) Risk management and mindset
Each element is necessary and it builds a solid foundation in your trading process.
These factors make up the trading trinity.
MY SCANNING PROCESS:
In PM, I look for:
- Top gainers (40%+)
- Notable volume on gappers
- News or catalysts (to justify gap)
- Float (<50M)
- Market cap (<500M)
- Range (check daily)
- Price (<25)
- Stock personality (check daily)
- Filings (cash on hand and offering potential)
I like to use websites such as:
- https://t.co/dGrDjwtOR8
- https://t.co/Vc256oZCre
- https://t.co/AFrA2ebGr6
- https://t.co/N9nDmqz54E
- https://t.co/0aEt36amzx
- https://t.co/K5b5oercFQ
- https://t.co/VogPh4QNHM
-
I've compiled a master thread of the top 5 threads I've made in 2021🔥
Here's a complete guide to everything you should know about trading
👇👇👇
Before I dive in, do me a favor and retweet the tweet above this one.
I want everyone to win in 2022, and a like/RT will help someone out there who really needs it🙏
LET'S DIVE IN👇
How to Scan for stocks whose options move over
My EXACT Strategy breakdown in a brief
The Top Tools every trader should
Here's a complete guide to everything you should know about trading
👇👇👇
Before I dive in, do me a favor and retweet the tweet above this one.
I want everyone to win in 2022, and a like/RT will help someone out there who really needs it🙏
LET'S DIVE IN👇
How to Scan for stocks whose options move over
Ever wonder how traders get in stocks before they explode? \U0001f9d0
— FT Trading\u2503Stock Trader (@FT__Trading) October 27, 2021
Or find options that move 1,000% in a single day/week?\U0001f92f
I made a thread going over exactly how I find these stocks BEFORE they take off \U0001f680
\U0001f447\U0001f447\U0001f447
My EXACT Strategy breakdown in a brief
I\u2019m a full time day/swing trader for a living.
— FT Trading\u2503Stock Trader (@FT__Trading) October 20, 2021
I\u2019ve learned a lot through my time trading.
Here\u2019s a thread going over my exact trading strategy
As well as some helpful tips/tricks.
\U0001f447\U0001f447\U0001f447
The Top Tools every trader should
Ever wonder what the best tools for trading are? \U0001f528
— FT Trading\u2503Stock Trader (@FT__Trading) December 28, 2021
Here are the top tools I use as a full-time trader\U0001f9f5
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