Michael Lamothe's Threads | Buzz Chronicles

Authors Michael Lamothe

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Michael Lamothe
@MichaelGLamothe

@nabilmoideen Sorry about that. Here it is

Michael Lamothe
@MichaelGLamothe

A tactic I LOVE is using advanced entries in cup shaped bases.

These tend to form after a stock has had a decent run and pulls back toward a key moving avg.

When price tightens and drifts sideways near its lows, its often primed & ready.

Join the MARA Elite to learn more!

Michael Lamothe
@MichaelGLamothe

Code To Automatically Flag Distribution Days in @tradingview

Michael Lamothe
@MichaelGLamothe

Never buy an IPO on day 1. Give it time to setup.

Once a new IPO has flattened out for a few days, it gives you a range like this to play against.

Above the line you're in. Below and you're out. Easy peasy lemon squeezy 🍋 😉

Michael Lamothe
@MichaelGLamothe

Heavy volume... Little price progress = INSTITUTIONAL SELLING

When the big plays start unloading, so should we.

Trading is like dancing w/ an 800lb guerilla!🦍 LET IT DO THE LEADING!

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Michael Lamothe
@MichaelGLamothe

A tactic I LOVE is using advanced entries in cup shaped bases.

These tend to form after a stock has had a decent run and pulls back toward a key moving avg.

When price tightens and drifts sideways near its lows, its often primed & ready.

Join the MARA Elite to learn more!

Michael Lamothe
@MichaelGLamothe

2 favorite books to LEARN SHORTING:
"How to make money selling stocks short" by William O'Neil and Gil Morales

"Secrets to profiting in bull and bear markets" by Stan Weinstein (a chapter or two about shorting in there toward the end)

Michael Lamothe
@MichaelGLamothe

This is how an ASCENDING TRIANGLE wears out sellers.

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Michael Lamothe
@MichaelGLamothe

Trailing stops can keep you in winning trades for a long time. They don't have to be complicated.

Great trades often hold the 21ema all the way up. The best hold the 10ema.

When they start to break those MAs I sell. Simple as that.

Michael Lamothe
@MichaelGLamothe

Multi-timeframe analysis was a GAME CHANGER for me.

No matter the trade, check at least 2 timeframes above, and 2 time frames below the one you're executing on. You'll see the bigger picture and how things are starting to change.

#tradingstrategy

Michael Lamothe
@MichaelGLamothe

Selling into strength is a great habit to cultivate!

Learn to lock down gains and repeat the process.

Michael Lamothe
@MichaelGLamothe

A great spot to add to a swing trade is this 3 weeks tight pattern.

On the way up to the target, price will often take a breather before continuing on.

If it forms this 3 weeks tight pattern, it gives a great low risk spot to add more!

#tradingstrategy #tradingtactics

Michael Lamothe
@MichaelGLamothe

This is why 90% of amateur traders inevitably get EATEN BY THE SHARKS.

They do everything they can to predict where prices are headed.

You’ll have a far easier time simply finding the “big fish” (Hedge, Pension, and Mutual Funds) and trading in their direction.

Thoughts?

Michael Lamothe
@MichaelGLamothe

The Descending Triangle is a good short in the right environment.

Look for the market to be moving sideways or trending down.

When the descending triangle forms, it’s often holding a lot of ‘buy and hopers’. When it breaks down, its often a great spot to short.

Michael Lamothe
@MichaelGLamothe

Just reviewed “pullback buys” with members.

The key to pullback buys is NOT “BUY THE DIP.”

It’s knowing when to buy the bounce after the dip.

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Michael Lamothe
@MichaelGLamothe

No trade runs forever. DON’T BE THE BAG HOLDER!

When a trade has been running for a while and there’s a massive surge in price and volume, this is euphoria.

**It’s a BIG SIGN that the move is close to the end.**

Sell while the getting is good!

Thoughts?? Comment below...

Michael Lamothe
@MichaelGLamothe

One of my fav times to buy is when price has moved sideways for a month or two and then breaks out into fresh all time highs.

Many look at it & think its destined to fall.

Half the time it ends up being a launching pad.

Low risk, high reward = winning formula 😉

Michael Lamothe
@MichaelGLamothe

I always like to give myself multiple ways to exit a trade. One of them is the "back stop".

When price drifts sideways for a period of time, it builds a floor.

When it resumes its uptrend, if it does pullback, it shouldn't break the floor and if it does, I'm out.

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Michael Lamothe
@MichaelGLamothe

The FLAT BASE wears out the weak hands.

It is at least 5 weeks long and about 15% deep.

Look for volume to dry up near the lows too. It's a sign that selling pressure has stopped.

Michael Lamothe
@MichaelGLamothe

When you know a trade has everything going for it… Strong price action. Your indicators all say its a go. The fundamentals are off the charts… FIND A LEGIT WAY IN.

Ascending bases give you that.

Look for ascending bases on weekly charts.

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