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
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
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
https://t.co/KH8LGUrRmO
- Wysetrade
- Forte Capital Management
- The Trading Channel
- Rayner Teo
- This link includes all types of trading tools you can use to master trading https://t.co/DrprMjrsVc
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 https://t.co/boTO4hFE0u
Watch video in link for powerful doji candles
https://t.co/XhLyiPnjr2
https://t.co/jjAtcxIsmp
https://t.co/fWmzpGi9bh
https://t.co/eOLK2BioiQ
No two ways to go about it but twitter is now a great way to find top plays using other traders to your advantage is key such as @MTradess @3_Green_Candles @jose_dehoyos18 @bvllish_trader @Mini_Tradez @BoaTrading @ripster47 @StockSwingAlert @barnimal
- 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
In America as far as I'm aware WEBULL is the best platform to use https://t.co/6CVjtMPRSQ
In the UK IBKR, T212 and Tradezero are good to use.
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.
Thread on "Reading the Tape" / Level 2 / Time and Sales
— Ace (@LunarAces) May 29, 2021
Research tips: Step by Step guide with examples\U0001f4ab
— MoeTradess (@MTradess) September 26, 2021
Questions you need to ask & where you can find the answers!
Resource- Company website
-Who are they?
-what do they?
-Is it unique?
-Is it popular?
-Can it grow in sales?
-Who are the management?
-Who\u2019s leading the team? pic.twitter.com/Q2GF4RY11n
Momentum - Trade ideas https://t.co/XSOxVLPoAR
Top gainers - Webull https://t.co/sbtA5nivUr
Swings - FINVIZ
https://t.co/XEcPwyQt03
- Resistance levels are key, make sure you them drawn before every play
https://t.co/lvctDTNB28
- 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.
https://t.co/dCkBT0Fv81
More from Tradingthread
Due Diligence Thread 🚨👇
In this thread I will be revealing to you guys my step by step process on how I do my due diligence on any ticker along with the process of how I find good setups and what resources and websites do I use to do it.
Step 1: Finding Good Chart Setups (continued)
Attached below is my personal finviz screener settings which I use to look at charts and how I
change some of the settings to my own preferences.
Site Reference: https://t.co/liI2ktnHhz
PS: Sometimes I don't even select any pattern
My favorite bullish chart setups that I personally look out for initiating swing positions:
1-) Falling Wedge Pattern
2-) Ascending Triangle Pattern
3-) Fish Hook / Oversold Bounce Pattern
4-) Channel Up Pattern
5-) Descending Triangle Breakout Pattern ( Towards Upside)
Step 2: Checking for Offerings
Once I have found a good chart, with a high risk reward ratio, the immediate first thing that I
do is to look out for any signs of upcoming offering. Since I don’t want to get caught in
offerings , these are the two things that I lookout for.
Step 2: Checking for Offerings (continued)
1-) Firstly, I look for whether the company had made any recent offerings in the last two months, if yes then there are less chances of new offerings.
In this thread I will be revealing to you guys my step by step process on how I do my due diligence on any ticker along with the process of how I find good setups and what resources and websites do I use to do it.
Step 1: Finding Good Chart Setups (continued)
Attached below is my personal finviz screener settings which I use to look at charts and how I
change some of the settings to my own preferences.
Site Reference: https://t.co/liI2ktnHhz
PS: Sometimes I don't even select any pattern
My favorite bullish chart setups that I personally look out for initiating swing positions:
1-) Falling Wedge Pattern
2-) Ascending Triangle Pattern
3-) Fish Hook / Oversold Bounce Pattern
4-) Channel Up Pattern
5-) Descending Triangle Breakout Pattern ( Towards Upside)
Step 2: Checking for Offerings
Once I have found a good chart, with a high risk reward ratio, the immediate first thing that I
do is to look out for any signs of upcoming offering. Since I don’t want to get caught in
offerings , these are the two things that I lookout for.
Step 2: Checking for Offerings (continued)
1-) Firstly, I look for whether the company had made any recent offerings in the last two months, if yes then there are less chances of new offerings.
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I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
Ironies of Luck https://t.co/5BPWGbAxFi
— Morgan Housel (@morganhousel) March 14, 2018
"Luck is the flip side of risk. They are mirrored cousins, driven by the same thing: You are one person in a 7 billion player game, and the accidental impact of other people\u2019s actions can be more consequential than your own."
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
