Or find options that move 1,000% in a single day/week?🤯
I made a thread going over exactly how I find these stocks BEFORE they take off 🚀
So, let's start with the software I use…
Finviz!! Finviz is a free website that I use to scan for stocks.
They have a lot of other cool features as well, but I only use their scanner.
Head on over to finviz and go to the screener
Click on the “All” tab on the top and put in the criteria in the next tweet
This is the first scan that I use for bullish swing setups
✅Vol over 400k
✅Price > $20
The next scan I use is the opposite of the first one.
✅Quarter +10% to -10%
✅Week Down to Week up
This is my bearish scan for swing setups. 👇
Thanks for reading :)
Don't change your trading
"Don't change the trading rules after every trade."— Trader knight (@Traderknight007) November 29, 2020
If you do change them frequently then this thread is for you.
Let's talk about the law of large numbers and how it benefits traders to be profitable.
1 - open trading view in your browser and select stock scanner in left corner down side .
2 - touch the percentage% gain change ( and u can see higest gainer of today)
Making thread \U0001f9f5 on trading view scanner by which you can select intraday and btst stocks .— Vikrant (@Trading0secrets) October 22, 2021
In just few hours (Without any watchlist)
Some manual efforts u have to put on it.
Soon going to share the process with u whenever it will be ready .
"How's the josh?"guys \U0001f57a\U0001f3b7\U0001f483
3. Then, start with 6% gainer to 20% gainer and look charts of everyone in daily Timeframe . (For fno selection u can choose 1% to 4% )
4. Then manually select the stocks which are going to give all time high BO or 52 high BO or already given.
5. U can also select those stocks which are going to give range breakout or already given range BO
6 . If in 15 min chart📊 any stock sustaing near BO zone or after BO then select it on your watchlist
7 . Now next day if any stock show momentum u can take trade in it with RM
This looks very easy & simple but,
U will amazed to see it's result if you follow proper risk management.
I did 4x my capital by trading in only momentum stocks.
I will keep sharing such learning thread 🧵 for you 🙏💞🙏
Keep learning / keep sharing 🙏
I’ve learned a lot through my time trading.
Here’s a thread going over my exact trading strategy
As well as some helpful tips/tricks.
My trading strategy revolves around three things:
1. Supply and Demand
All are important and essential for my trade setup.
Supply and Demand: What is it?
Supply and Demand zones are areas of price where institutional buying or selling is taking place. These zones are key because price is likely to reverse at these zones since institutions want to defend or add to their position.
To find these zones, you want to look at the SPEED of price action. Supply/Demand zones are formed when price moves FAST from an area. Look for wicks or long body candles.
How to draw zones?
To draw these zones, you take the top of the body or wick of the candle PREVIOUS to the explosive candle and draw it down to the bottom. Extend the zone and there it is. (Knowing whether to use the wick or top of the body will take experience)
-Below I have included a docs with tons of info from learning TA, to finding trades and reading SEC filings.
-Also included is a section on the basics of using flow with @unusual_whales
-95 slides 🤯
All I ask is for everyone that sees this to please RT or Like. Send it to your family & friends for Xmas etc..😂 You may be experienced but it could benefit someone else greatly.
Studying a market is different, from learning how to trade.
Learning how to trade includes everything from managing risk to managing yourself.
Studying a market is simply the process of looking for an edge.
Once you have identified an edge, you still have to learn to trade it.
The best way to study a market is to watch it as closely as you can but always using a frame of reference.
You should pick a frame of reference and exhaust its possibilities.
For example, you could use a time-based approach.
You could study how the market moves at certain times of the day, week or month.
I knew of one trader who made his money (and he made a lot of it) by studying specifically how the ES behaved at the end of each month. His entire edge was created around this.
I know of another successful trader who focused exclusively on the 8am open in FTSE futures.
This is an intraday strategy I've developed. It only takes huge whales, waits for confirmation, and filters out 99% of plays.
Fewer trades but high prob setups for bigger
The requirements are so specific and narrow that you will only get a few alerts a day. Once you get the alert, follow the checklist.
Today, the method took two trades so far.
$UPST 200c 9.00 > 12.20
$UPST 195c 10.30 > 15.00
The benefit of being hyper specific & requiring a long list of criteria protects us from false signals such as this one on $TSLA today.
Confirmation never hit and the move gave a false positive before breaking down. There's now a whale somewhere with an angry wife.
Here's another signal today that we would've not traded as it didn't meet the confirmation criteria.
As we are focusing intraday, we need to see moves in the desired direction occur relatively quickly to show that the momentum is there for an intraday play.
On Friday, the strategy went 3/3 moves for good gains.
It filtered out many more false signals by waiting for confirmation criteria.
With these, I’m looking to ride high-volume momentum w/ any actionable signal, as long as there are multiple trend confirmations.
Unusual Whales is an online tool that allows you to follow the flow of the entire options chain and catch unusual trades by large whales as they happen in real-time! Wanting to save on a plan? Use the link in my bio to earn yourself a discount, or use my code “TRSTN”!
TrendSpider is a highly in-depth charting platform that gives you various tools and indicators, offering some of the best looking charts available. Backtesting & Scanning is made easy and requires zero coding. You can save on a subscription with through the link in my bio!!!
12 solid videos each 1 HR long teaching you all I know on #Options and day trading 🚀
This is my gift to the world ❤️
All of your questions have been answered here 👇👇👇
Help me with a❤️so we can share the TRUTH with the
TradingWarz FREE Indicators TOS
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Fibonacci Retracement is a technical analysis tool that i use to locate areas/levels of support & resistance
It is based on the Fibonacci sequence ratios introduced by Leonardo Fibonacci
Measure the rise of price from swing low to swing high (depends on the time frame in use)
This level will give the support levels AND the potential resistances levels once price continue higher
Let's take $FSLY Daily for example
White Arrow : Swing high
Yellow Arrow : Swing low
As you can see it gives us support levels & future potential resistance levels
I often add also the 1 HR chart levels
White Arrow : Swing high
Yellow Arrow : Swing low
As you can see price touches all and re tests all the levels from the yellow arrow to the blue arrow which is the 1.272 EXTENSION of this move
Here is the Daily & 1 HR side by side
So you can follow potential pull back & potential upwards resistances during hours
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.
There are two strategies I follow.
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.
b) Risky: Playing the first sign of follow through. Ex: $AMD closes 5m candle at 10:45AM at 100.15 - No trigger. At 10:47AM, $AMD fails 100 support and closes 10:47 1m candle at 99.80. I would likely take a position off of key support failure.
2. Fakeouts/Stop losses
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…
Your position is red, likely down ~10%. Cut the loser and reassess. Your reason for playing was the 100 breakdown, it is now INVALID. As soon as your thesis becomes invalid, cut, take a deep breath, reassess, watch.
Trading Lessons for total beginners.— making sales \uea00 (@making_sales) February 3, 2021
Thanks to @ripster47, @Brady_Atlas @MullinsMomentum, @SDHILLON97, @MrZackMorris, @PJ_Matlock, @notoriousalerts, @Hugh_Henne, @bear_fuker, @Trogdaddy, @atrhodes00 and many more for teaching me all that I know about the stocks.
If you\u2019re in the process of blowing up your account\u2026— making sales \uea00 (@making_sales) February 26, 2021
STOP AND READ THIS NOW!
Stop losses are your friend.— making sales \uea00 (@making_sales) February 26, 2021
Stop losses help you to follow your rules and respect your plan.
Stop losses help keep the size of your losses minimal and recoverable.
Personally, I recommend using a hard stop loss (especially if you\u2019re new) instead of having a mental one.
People often ask me what is meant by \u201chave your own plan.\u201d— making sales \uea00 (@making_sales) March 7, 2021
What does a plan consist of and how do you go about creating one?
That\u2019s what I\u2019m here to discuss\u2026
There are really only two types of trading styles:
1. Mean Reversion Trading
2. Breakout Trading
All other "styles" are merely indicator-based trading systems.
This thread will specifically discuss Breakout Trading
Breakout Trading requires identification of four elements in order to be successful:
1. Trendlines (pattern based support/resistance)
2. Price Action (overall trending direction)
3. Volume (the amount of participants)
Trendlines serve as support/resistance like order blocks (areas w/ prior bull/bear struggle) & lead to patterns. Human psychology does not like randomness which is why there tends to be strong reaction at the extremes of historical reference points or anticipated patterns.
The mkt tends to test two extreme ends of reference areas for a time, leading to a distinct larger pattern or range. A misconception is that certain patterns are always bearish/bullish, but the dominant trend (~4-7x TF above yours) influences the eventual breakout dir more.
Still, false breaks occur quite frequently. Basic patterns like triangles often trap newer traders that seasoned traders/algos regularly exploit, especially in crypto. Frontrunning or chasing mid-candle breakout is at high risk of being exit liquidity for the counter dump.
Wave theory resources:
Recommend checking out @StockDweebs newsletter. I don’t practice wave theory myself but have found his picks highly accurate and like to correlate them with my own.
Sara Sabatino @ssabatino84
Learn to Day Trade @TrueBubbleHead
"Reading the Tape" / Level 2 / Time and
Thread on "Reading the Tape" / Level 2 / Time and Sales— Ace (@LunarAces) May 29, 2021
Why and how 90% of retail traders lose and how you can join the 10% that win. This is by far the most important thread I've made. I truly hope this helps change your lives.— Ace (@LunarAces) June 14, 2021
Position sizing, risk management and trading around your
Position sizing, risk management, and trading around your core thread:— Ace (@LunarAces) June 28, 2021
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.
Key Takeaways from Fintwit's Best Traders
If you want to be the best, you need to spend time studying the best. This article is about some of my favorite posts from the best in technical analysis and the keys to their success.
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:
I\u2019m going to do a thread on \u201cDD\u201d. Due diligence is everything about investing. There\u2019s no wrong way to do DD, but I\u2019m going to show a few things I do in order to finding a company that I believe in. Also mix in what others do as well!— Yates Investing (@yatesinvesting) May 16, 2020
Tonight I want to discuss \u201cGap Fills\u201d I was asked the other day what I meant, so I decided to do this thread.— Yates Investing (@yatesinvesting) May 14, 2020
Alright, so tonight i\u2019m going to discuss offerings. I\u2019m also going to discuss why I think offerings are easy money makers. It\u2019s one of my trading strategies, but don\u2019t think that means you need to go buy every stock that has an offering. This might be long. Let\u2019s get started....— Yates Investing (@yatesinvesting) May 12, 2020
4. OPTIONS and WARRANTS
Let\u2019s learn the difference between stock options and stock warrants real quick.— Yates Investing (@yatesinvesting) May 12, 2020
Also want to go over option trading more.