Thread about what I've been doing and what I've found trying to trade options. All of this was inspired by @AdamSliverTrade @drippy2hard @WealthBrah .

First thing I do is find any good traders watchlist. Sometimes they put their triggers other times they don't. For practice sometimes I'll type in "watchlist from:AdamSliverTrade" on twitter to see all of his past watchlists.
Like this:
Then I go to that date in trading view and only look at the past data to draw trend lines and support/resistance levels. So let's take $MU from his 11/30 watchlist and chart it out.
Normally I would look at the monthly candle, weekly, and daily to see if they have any continuity (all red or all green). But I can't really do that with past trades I don't know if the monthly or weekly were red before.
But this month MU was a red candle so I take note of it. The daily (on Nov 29th since that watchlist was the 30th is green). The weekly before the 29th was red. No continuity.
I didn't see anything that stuck out on monthly but the weekly chart I noted some support and resistance and then I charted the high and low of the section I'm looking at.
Then I keep those lines and go to the daily chart. I find more support and resistance lines. Then I go to hourly and find more. Now my chart has a bunch of support and resistance lines. You can mark each chart up with a separate color (ie purple for monthly, blue for daily,etc).
The main thing is that the farther out you are like monthly and weekly, the stronger that support and resistance is. So your hourly isn't going to hold as much value as your monthly, just something to take note of.
Now go to the 5m chart and zoom in to the day we're about to fake trade (in this case the 30th). In this instance this is what my chart looks like. Ignore the colors and all that I'm just doing it quick.
If you see my main support for the day was $85.34, and @AdamSliverTrade 's was $85.55. His triggers are better because he has more experience and he uses psychology numbers that he thinks will be better entries or exits.
My resistance was $87.10, his were $86.6. Now I just wait for the price to come near my trigger.
Here we see it broke down thru my support and opened at $85.21. Always wait for a candle to close before taking your position. The low of the day was $83.95. But you could've taken profit from several points thru the day.
The bad things you can do are 1) Think because 1 trade or idea or certain pattern/candlestick worked, it will work tomorrow. It could work 10 times and not work the next 50. 2) Not set stop losses. Sometimes you lose.
3) Think because someone took a trade you can swing it or hold long. The way I drew out the support and resistance levels made me say that I was looking at a day trade not a scalp or a swing. I got in at 7:55am and I was going to sell that day.
If @drippy2hard takes a scalp don't buy different expiry date hoping to swing it and get mad that you lost. His strategy was to get in and get out quick based on his charting and flow analysis.
I am not a financial advisor I'm not even a good trader right now. But I think if you're beginning the trading journey you can find some good in this thread.
I also want to point out that further confirmation that I was going to buy puts can be seen when it breaks down thru the weekly trend line shown below

More from Tradingthread

Trading view scanner process -

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)


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 🙏
@AdityaTodmal
It's time for a mega-thread (Updated).

This contains some of the best threads and articles on various topics related to trading, that I have posted till now.

Enjoy!😊

A thread on closing basis Stop


A thread on


Position


Trading

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Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! 👇

It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details):
https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha

I've read it so you needn't!

Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.

The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.

Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.
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.