I've compiled a master thread of the top 5 threads I've made in 2021🔥

Here's a complete guide to everything you should know about trading
👇👇👇

99% of traders look at volume...

yet the majority of traders are using it WRONG

Here's how I used volume to make 6 figures trading last year:🧵

We all know the classic volume tips that we were told in the penny stock era...

Wait for a run up, then look for a pullback on LOW volume to get an entry

This isn't how you should be looking at volume...

First, let's start with what do I mean by volume

Volume Profile?

# of shares?

No.

I look at the volume BARS

The key is to look at relative volume compared to the previous candle bars

Low volume bars don't matter

The secret is in the high volume bars

Why?

Because high volume bars indicate REVERSALS (in most cases)

Take a look at $SPY

Notice the volume on each bottom?

Over trading is one of the top reasons I failed for 2 years

Here's how to stop overtrading and get rid of your trading addicition:🧵

The first key to stop overtrading is establishing a set of rules

Create a set of rules so you know when you SHOULD stop over-trading

It can be based on $ gain/loss or just the amount of trades taken

Either way, there needs to be a written list you can follow

The second key is having a hobby.

Something you can do once you've stopped trading

It could be...

-Working out
-Doing chores
-Talking to a friend
-Writing

As long as you have SOMETHING you can do everyday after trading

It should help you out

If you're thinking of giving up on trading...

read this first👇

(my story)

During the beginning of my trading journey, there were many times where I thought of giving up.

The first year I really was committed.

Then towards the second year, I really started thinking, “Is this really for me?”

I knew I had a strong passion for trading.
It’s what kept me in the game for so long.

But after 2 years of losses, I thought maybe I was meant for another business.

But there was always that “What if” thought running through my head.

What if I’m right there?

What if tomorrow starts the day where I become consistently profitable?

That thought never left…

It wasn’t until I found Supply and Demand Trading.

It changed the game for me.

It simply just made sense.

I cut out all the useless indicators I was using and started studying.

Slowly but surely, it started working

Every successful trader has a pre-market routine

Here's a premarket routine coming from a full-time trader:

I usually start my routine at 8:00am EST.

The first thing I do is check $ES and $NQ futures to see how the market moved overnight.

After that, I'll check to see how my open swing positions are if I have any

I'll also check the swing watchlist that I make every weekend

To see if any setups are getting close to my entries

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

Rules that i follow on a day to day basis
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

My favourite book to read
- How to day trade for a living by Andrew Aziz
-

The exponential moving average (EMA) is a technical chart indicator that tracks the price of an investment (like a stock) over time. The EMA is a type of weighted moving average (WMA) that gives more weighting or importance to recent price data.

Moving average (MA) a used technical indicator that smooths out price trends by filtering out the “noise” from random short-term price fluctuations. When asset prices cross over their moving averages, it may generate a trading signal for technical traders.

Finding key levels.

Lately I’ve noticed a lot of you guys have been asking why are @AdamSliverTrade and other League members levels a little different than the ones you’ve mapped out. Here’s a little information that will help you understand why and better the levels you create!

1. Find the daily range of the stock.

Measure the last 5-7 daily candles wick to wick (eliminating any outliers) and calculate the average move the stock makes.

A good example of a outlier candle that you would exclude:

2. Calculate 20-25% of the average daily range the stock moves.

The average range in the example above is about 2.00 (meaning that on any given day you could expect the stock to move 2 points)

20-25% of 2.00 = .40-.50

3. Place Key Level triggers 20-25% above and below the Market closing Price

In this example, You want your call and put triggers at key levels approximately .40-.50 away from the Market closing price.

Educational Resource Thread! 📌

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.

@ChartingOptions
@ThetaWarrior
@Trendspider_J

🐳 Watchlists + @unusual_whales 🐳

Unusual Whales is an incredible tool that can take anyone's trading to the next level. It presents a ton of data, which can often be hard to synthesize.

This thread will provide a simplistic approach to analyzing and utilizing flow data. 🌊

1. Where To Start

Start with the "Hot Chains & Tickers" page. Not only does this display the tickers with the most option volume, but it also shows the most active chains. Better yet, you can filter by sector and market cap.

Below are some specific filter examples:

2. Analysis

The "Intraday Analyst" page is your best friend here. The first thing I do is scroll down to the "Most Active Chains" table.

I'm looking for short-term exp. OTM contracts with heavy volume that look "unusual."

Examples are included below:

$LCID - Closed Wed. 11/3 ~$36.50. 40c weeklies required a 10% move in 2 days to go ITM. $LCID closed at $41.80 on Friday.

$AMD - Closed Tues. 11/2 ~$127.60. 130c got hit hard. Closed the week over $136.

$NVDA - Closed Thurs. 10/28 ~249.40, 250c 🔨. Closed Friday ~255.70.

Weekly OTM strikes with heavy volume can lead to huge moves. Now what makes these so unusual?

- OTM with little time to exp. = urgency
- Heavy volume on a certain strike can mean volatility in that area = good for options
- Vol. much greater OTM than ATM = big move possibility