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After studying for 1 year in the stock market, I now feel ready to start properly trading. I don’t know everything there’s still a lot to learn but that’s why I’d love to share opinions with everyone and learn off each other.
I will be starting a trading strategy which...
I will be starting a trading strategy which...
I have formulated after lots of research that I think will suit me.
I will post each trade with the entry point, stop, target etc.
Each trade will be 1/4 of my account size (I know this seems a lot but I feel I need this as I have a smaller total account size)
First: I ...
I will post each trade with the entry point, stop, target etc.
Each trade will be 1/4 of my account size (I know this seems a lot but I feel I need this as I have a smaller total account size)
First: I ...
Will scan stocks on http://Finviz.com with these presets:
300k+ volume
Price over $3
Market cap +small (in December I will also include micro caps as these can explode around then)
View - charts
Second: I will analyse each chart shown, and I’ll analyse them in this ...
300k+ volume
Price over $3
Market cap +small (in December I will also include micro caps as these can explode around then)
View - charts
Second: I will analyse each chart shown, and I’ll analyse them in this ...
Order-
Look for patterns - any wedge, cup and handle, bullish flags are my main ones
Look for accumulating volume
Look for stocks with good PEG candles
If the stock pulls back make sure it’s on low volume
And if the stock pullbacks make sure it bounces of the 20ma
Third: I’ll ..
Look for patterns - any wedge, cup and handle, bullish flags are my main ones
Look for accumulating volume
Look for stocks with good PEG candles
If the stock pulls back make sure it’s on low volume
And if the stock pullbacks make sure it bounces of the 20ma
Third: I’ll ..
Compile them all into a watchlist on http://StockCharts.com and check them all everyday day before the open to see if any have an entry point.
Fourth: You want to enter stocks which have the best charts on the most timeframes, so I will check each stock on the weekly, daily ...
Fourth: You want to enter stocks which have the best charts on the most timeframes, so I will check each stock on the weekly, daily ...
60mins, 30mins and 15mins mainly.
Fifth: Finding a target price, there is two methods I will use:
Find the top and bottom of the wedge subtract the two numbers and then add that number to the breakout number which will give you the target.
Or
A set target of 6% but I will ...
Fifth: Finding a target price, there is two methods I will use:
Find the top and bottom of the wedge subtract the two numbers and then add that number to the breakout number which will give you the target.
Or
A set target of 6% but I will ...
Let it run if it goes past 6%, as you want to let your winners run for as long as possible.
Sixth: Stop losses - When the stock goes past 6% I will move the stop loss up to 6% profit, just so I’m guaranteed that 6% profit. For initial stop losses I will have it set at 2% or ...
Sixth: Stop losses - When the stock goes past 6% I will move the stop loss up to 6% profit, just so I’m guaranteed that 6% profit. For initial stop losses I will have it set at 2% or ...
Just below yesterday’s low. And as i let my winner run I will move my stop loss up to the previous days low every time until I’m eventually stopped out, this method is called the stair stop method from @traderstewie
Seventh: Finally entry point, I will only enter when the ...
Seventh: Finally entry point, I will only enter when the ...
Stock is getting near a breakout or is consolidating in a bullish pattern, I will never chase a breakout as that’s where it all goes wrong.
Also a few things I’ve learnt is trade without emotion, practice trading small in the market first so you can get used to it. Always ...
Also a few things I’ve learnt is trade without emotion, practice trading small in the market first so you can get used to it. Always ...
Keep an eye on the overall market and also the market leaders as they will give an indication of what the market is going to do before the anything else.
...
...
I think that’s it, I have done this thread to help new traders like myself to learn and also if you have any questions or advice I’d love to hear.
Also special shoutouts to everyone I’ve learnt this information from: @traderstewie @cperruna @saxena_puru @OphirGottlieb
Also special shoutouts to everyone I’ve learnt this information from: @traderstewie @cperruna @saxena_puru @OphirGottlieb
@TraderAmogh @gvstrader @87AlwaysRed @RichardMoglen @duckman1717 @RayTL_ @alphacharts365 @johnscharts @TMLTrader @PatternProfits
If you don’t follow them I’d highly recommend. Thanks for reading the thread and have a great day
If you don’t follow them I’d highly recommend. Thanks for reading the thread and have a great day
