These are my personal notes from various sources. I hope these can help sharpen your trading skills.
Gearing / Perking ABCD UP DOWN UP UP Chart
Buy it between C & D when trend going up. New High.
HI LO HI LO HI LOW BUY
Use the 1st HI LO as a base
Look for second high then buy
When stock go down and come back up. Use the 1st HI or 2nd HI top as they key line
and draw all of the LO LO line to meet the HI HI. That’s is what to buy.
Washout is opposite of parabolic
ALWAY PLAY STOCK WITH LARGE AUDIENCE (BIG VOLUME)
USE SET RISK BASE REWARD WHEN TRADE AND CUT OFF IF DIDN’T GO WITH THE PLAN
Before picking a TICKER.
Daily Homework & Nightly Scan
How to scan / Make a watch list?
-Finviz.com
—Performance (Today Up)
—Performance 2 (Today +5%)
—Change (Up)
—Change from Open (Up)
(Green Scan)
—Performance (Today Up)
—Performance 2 (Today +5%)
—Average True Range (Over 0.25)
—Volatility (Week - Over)
—Change (Up)
—Pattern (Horizontal S)
—Change from Open (Up)
Pick A Stock then look for chart on BigChart - look for Parabolic move, triple top, high volume, late day fade. Watch lower high
AVOIDE CONSOLIDATE CHART - BORING CHART
GOOD TRACK RECORD LEAD TO GOOD PLAY
-Review Prior Scans
-Always stay familiar with recent runners
-Charting Sites
DO NOT SHORT when Steady slow grinding..The best way to short is after breakout. Stay away from late day fade to short.
Short ONLY Multiple day run.
Add Small(25%) + Add Mid(25%) + Add Large(50%) = BIG WIN TRADE (Scaling In the Trade)
FORMER RUNNER:
LAKE
VISN
BVSN
DGLY
IDTI
BBRY
SRPT - DOWNWARD MOVE (RISKY)
SEAS - DOWNWARD MOVE (BUY AT BOTTOM)
MOBI
YHOO
VII
CLF
ABCD PATTERN
A- PUSH
B- SUBSEQUENCE PULLBACK
C- BUY (RISK ON B OR STOP ON B)
D- BREAKOUT ABOVE (A-PUSH) BUY
IMPORTANT KEY TO LOOK FOR from the chart
- LONG LINE GRAPH SAME BASE OR TOP
- BIG VOLUME
EXAMPLE: GLUU
BUYING STOCK AT DIP NOTES
-LOOK AT THE CHART FOR A BIG JUMP AND BIG PULL BACK
-LOOK AT THE CHART FOR 1 OR COUPLE PREVIOUS LOW # TO MATCH THE CURRENT LOW #
-STOCK START TO GO BACK UP
-PLAN SET RISK CUT OFF PRICE v.s REWARD PRICE
-BUY BUY BUY
-WAIT FOR PROFIT AND SELL
CHART WITH BIG DOWNWARD MOVE
BUY AT BOTTOM LOD IF STOCK MOVE UP LITTLE BIT
———————————————————
CHAPTER 4 -
PARABOLIC SHORT
-MBLY
-DRL
-PLUG
-MNGA
-GIGA
-GWPH
-GPRO
-PTSX
BASKETBALL ANALOGY
BOUNCE-BOUNCE-BOUNCE BOUNCE BOUNCE
HILOW-HILOWER-HILOWERR-HILOWERRR
———————————————————
CHAPTER 5 - Short & Faders
-GPRO
-PBR
-ATTBF - Over extended chart is best to short
-ISR
-ITCC
-PVCT
-MNKD
-TWRT
-WWE
———————————————————
CHAPTER 6 - OTC Trading
-SBOTF (watch L2 screen, when offer getting thick and buyer thin, buy more, this is the key alerting stock falling again). Look daily chart straight up parabolic prior date.
-SOPW
-GTATQ
———————————————————
CHAPTER 7 - Level 2 Analysis and Float Rotation
-CDTI - Float rotation discussion, involve $3.10 line, $2.75 line, abcd pattern. Short into parabolic on next day if previous day breakout big..
-NUGT - SSR execution. Put a bid on the seller side. set price like 11.3 to buy anything highest on the bid side.
-SLXP - SSR buy (short) before top out and coming down.
-VPCO - Adding liquidity v.s taking liquidity
-VSR - Stuffing into area of resistant. Line in the sand is bottom line couple of time.
-JRJC -Level 2 mind games
———————————————————
CHAPTER 8 - How to scan for stocks
-Scan for 10/11/2014
website for scan: finviz.com (less is more)
-LAKE
-APT - useless company
-DGLY - worse earning
-CLF -
-VSR - Pump stock
-MBLY
TIPS - when see a Long flat grind chart, buy when it trend up
TIPS - DO NOT short until a big parabolic.
———————————————————
CHAPTER 9 - Tools of the trade
———————————————————
CHAPTER 10 - Interviews with the pros
-Gregg aka LX21 - trader since 1999 at $25K now 10M
-Phil aka Ozarktrades - trade from 5K short on parabolic chart
-Tim Grittani aka kroyrunner89 -
-Eric aka elkwood66
-Brandon aka crawfish_poboy
-Tom aka ECNC1
-Sandro aka Splendores
-Steve Baldwin from stock horizon
STOCK SCAN
1. Premarket Mover Check
NASDAQ pre-market values
- Stock Market Analysis – list the pre-market movers every morning
- Stock Market Watch – provides top gainers and losers but also displays the pre-market value of the major indices.
1. Find Stock with high volumes
- Unusual Volume provided by Yahoo Finance.
- Bar Chart provides a list of over 200 symbols
- The Street provides not only the high volume stocks but also has a scan for stocks trading under $5 for all you penny stock lovers out there
- http://www.busystock.com/screener
- http://www.seekingtechnicals.com/
1. Make a Watchlist
Ken Calhoun - Day Trading University
1. (4) Pattern — Cup&Handle, Steady Uptrend, Opening Gap Up, Opening Gap Down
a). Cup & Handle - Buy above breakout point, wait for buying strength
b). Steady Uptrend - Buy at resistance breakout, buy around 10:30am
c). Opening Gap Up - short risk the previous high
d). Opening Gap Down - buy for dead cat bounce
Candle sign - cross signal is possible changing trend
- two TT is bullish signal
- two reverse TT bearish signal
———————————————————————————————————
Trading 401k
No comments:
Post a Comment