Stock Market

J3ff

The overall take home message with this thing is that it can help guide which stock to buy at 7am and then you have to be ready to be out FAST. Seconds sometimes..

You just take the top gainers, and look at what the chart looks like right before they close, some close at 4pm est, others at 8est, it seems, and then others close weird times... 

It will clearly show you which stock is a good bet and which stock is a big loser..(unless shorting is your thing)..

It had TCMO as top top at close yesterday. I tried to throw 100 bucks at it, but for some reason RH rejected my limit buy at 658 am and I didn't notice it.. would have been a nice bump!! It went to 70% in 1 second and then stayed at +50% for 90 mins.. still trying to get out of robin hood.. but it takes a few days to setup this thing called Tradestation in tradingview... which will then allow direct trades to be done right in the tradingview screen..which simplifies the process. 

One thing I'm trying to read up on now is how to automate the process. And take me out of it. 

randy56

Chime  in, I agree with Will and Bum, If you want to learn and play that's fine but leave your money in your pocket. for now. This not a get rich quick thing, lots to learn. 

Dream_Inn

I'm really kicking myself for not getting back into AMAT.  It has now hit 122 today & I know it is a great stock to get back into for long term.  I just have a hard time hopping back into something that I pulled out of at lower price, or at least my avg of all my shares I pulled out is lower.  I had almost 1700 shares in the thing before taking the last 200 out at 124.   I can only hope the fed will scare it back down next week to get back in it! At least my NIO has gone back up some (I can't even admit to what I have in it except it's my next boat riding on it).

J3ff

I updated the post about what to do.. Forgot to put the link to that in there!

rasbury

I kind of just took the time off. I'm not to concerned about finding another job- but I appreciate what your saying....guess it's hard to make big money without risking big money. 

boatman37

I have been studying and doing day trading since about 2014. The first 2 years I had mixed results and blew out my account. Took a few years off but kept studying and paper trading through thinkorswim paper trade. Put real money back in about 3 or 4 years ago but kept jumping strategies. Been pretty much breakeven the first 2 years back then started making money but it was a little here and there. Just started with the bigger days a couple months ago but was fine tuning settings until 2 weeks ago when I hit on this. I still screw up...like today. I got no alerts all day but decided to try to make something and lost almost $500. First losing day since last Wednesday so still good.

So yes, it takes time and learning. You can take a losing trader and give him a winning system and he will still be a losing trader. It isn't about the charts or trading, it's about the mental aspect. There is a 3 90's rule. 90% of all traders lose 90% of their money in 90 days. True fact. Strong discipline is 99% of it. If you have a strong mental discipline and stick to t you can make money right away, but those minds are few and far between.

What @w@Willhound is saying is true to a point. He knows most traders fail but that doesn't mean it can't be done. That said, I have never pushed my kids to do it because you can lose alot of money if you don't get it right.

boatman37

I work from home so sit in front of my PC all day anyway. That said, with the system I'm using I don't have to pay that much attention to it. I have alerts that alert when the red or green flag pops up (from the charts @J3ff has posted). At that point I look and see if price is above the 100 SMMA and that the trend alert is green. If those 3 things are good then I enter. Opposite for a short. I only trade /ES futures, nothing else, so I don't have to spend all day scanning charts. I have 1 chart I watch and thats all. I have an ATM set (automated order setup). As soon as I enter the trade my stop and target orders pop up. I adjust them to where I want/need them and never have to look at it again. It will automatically either stop out for a loss or target out for a win. Really doesn't take up much time.

I'll try to make a video tomorrow and show my settings. My be 2 videos. First would be what to use and the settings I use. The 2nd would be how to follow the system.

I use Tradingview. There is a free version but I use the paid version. You should be able to use the free version but you will get pop up ads. Then I use Apex Funding. I have 2 $50,000 accounts that I 'rent' from them. Regular price is about $160/month for each account but they have sales all the time so I only pay about $75/month each. There are rules and you have to pass an evaluation account first before you can trade real money but you can pass that in 7 days if you are good. Most take at least a few weeks and some a few months. They also keep 10% of your winnings but to me it's worth it. You can only trade futures through Apex and they use Ninja Trader as their trading platform. It really isn't hard if you are disciplined but it isn't for everyone either.

boatman37

Also, you guys might think I'm gunslinging with the big days but I'm only trading 1 ES mini at a time. With my account subscription I'm allowed to trade up to 10. So I'm being very conservative. And I'm only taking a 1:1.5 risk/reward. Many traders take a 1:2 or 1:3. There are also ES micros so I could go more conservative with those. 1 mini is equal to 10 micros but I tried that approach and it wasn't working for me. I was selling too early since I had maybe 5 micros I'd sell 1 for a very small profit so my risk/reward was skewed bad.

With the system I'm using now I am at about 65-70% win rate and with a 1:1.5 R/R that ends up with very good number. With a 1:1.5 I could break even with only about a 35% win rate

Willhound

rasbury said:

I kind of just took the time off. I'm not to concerned about finding another job- but I appreciate what your saying....guess it's hard to make big money without risking big money. 

That is partially correct Ras. My comment wasn't in regards to your employment status, that has some bearing, but your personal financial resources are your business. But you can make big money without risking big money. It just takes more time and patience and in most cases, some professional guidance like a Morgan Stanley or whoever. So you're already doing more than the average person. My comments come from a background where I was a fully licensed stock broker (and insurance) for many years with an internationally number one ranked financial firm, until I realized the stress was killing me and I quit. It took a year for me to get out while making sure my clients were well placed with other brokers who I knew and trusted. Despite all that experience, I would never then, or now, advise anyone to get involved in the type of trading these guys are playing with. Granted, our firm was known for being conservative, think Warren Buffet strategy, buy good quality companies and hang on to them for the long term to grow real wealth. That strategy has grown my retirement account from zero to 7 figures in under 20 years and without losing a single nights sleep or spending hours in front of a screen with my finger poised over a trade button.
The development of the trader bots and A.I. advisor's certainly changes the game, and in my opinion is what is causing a lot of the instability in markets these days. Some see it as a new dawn (along with crypto) that is shaking up the establishment and "freeing the shackles" of the big firms.
I just see it as the wild west where most get burned and a few get lucky. Losers never boast about losing. If you want financial thrills, take $100 to a casino. Your odds are about the same and at least you get some free drinks. Just sayin'...

YYZRC

Willhound said:

I just see it as the wild west where most get burned and a few get lucky. Losers never boast about losing. If you want financial thrills, take $100 to a casino. Your odds are about the same and at least you get some free drinks. Just sayin'...

^^^ this!!

Well said, @Willhound

randy56

Well said Will, I'm testament to doing it wrong. Valuable lesson learned. With no free drinks. 

Boatman said: It isn't about the charts or trading, it's about the mental aspect. There is a 3 90's rule. 90% of all traders lose 90% of their money in 90 days. True fact.

boatman37

Videos are posted. And like I said before, not every day will be green. Down almost $2000 today but still green for the week. The big loss today was an error that is recorded in the video. I was showing the different ATM strategies and had it set for 5 contracts when an alert popped up. I switched to my real account and entered but meant to enter 1 contract, not 5 so hurried and closed it for about a $1200 loss. Then got back in with 1 contract and it came within about 1 tick of hitting my target. I had moved my stop to just above breakeven and got taken out so didn't make anything on that onr but was up about $750 on it.
https://youtu.be/m3fgS6rh38w
https://youtu.be/oJb4vBzLq9A

boatman37

If anyone plans to try trading I highly suggest paper trading first to see if you can be successful. Thinkorswim has a free papertrade platform. Charts are delayed 20 minutes by default but if you call them they should change it to real time for you. It might not even matter if you are using Tradingview for your charting then just open trades in thinkorswim. If you do subscribe to Apex Funding then you can use their sim account for practice or testing

J3ff

YYZRC said:

Willhound said:

I just see it as the wild west where most get burned and a few get lucky. Losers never boast about losing. If you want financial thrills, take $100 to a casino. Your odds are about the same and at least you get some free drinks. Just sayin'...

^^^ this!!

Well said, @Willhound

This used to be the case, for me..until this indicator came out.. which uses some kind of weird low grade a.i. to tell you when to get in and out. To be honest, I am just sitting here hoping the guy who made it doesn't pull it back. However, the secret of this thing is out now, so I see other people making the same thing, and giving it away for free.. unbelievable. 

I know you are going to think I'm full of BS, but for 9 days I have not once lost money on 7am market open. Using tradingview, the indicator, and what boat man said about the EMA line is exactly what I do. 

It might be a little early to predict for Monday morning, need to see what things do starting after 4am but out of 20 stocks I looked at here's what looks good right now.. 2 days ahead of time...

PXMD and PERI.. with Peri looking better.

Have never tried to use this to predict 2 days in advance, usually check things out around 10pm and then again at 6am, if the stocks that looked good at 10pm 6am and again at 650am I jump in.. as close to 7 as I can...

These are FAST trades.. and I was just messing around in robinhood. The real fast trades need to be done in tradingview.. 

I did small trades, because I wanted to see how it would work out in real life with no real risk. I'm working on getting tradingview setup this weekend, and also automating it, to the best it can be done, with BTC. 

No, I have not been in the red on ANY thing since starting to use this..sure it sounds too good to be true.. I'm still waiting for that moment, but it hasn't happened yet. The +100 day yesterday was done manually, me just buying and selling btc on the indicator. mentioned on the previous page.. The cool thing is it said to buy on Thursday and only said to sell once yesterday.. and then to rebuy. I missed both of those because the app for that account is garbage.. but we're still on the way up.. 

There are two categories of trades going on here. 
1. Pre market open
2. Regular day trades.

Premarket is the easiest, all done before 7am and then sitting there with my finger on the LIMIT order sell button (you cant use a regular sell order, you'd lose your shirt in volatility) 

Regular day trades, basically trading view will automatically scan all stocks on the market and show you the top 100 or so movers, I simply scan those charts once in a while and look for things that are on the way up, for example, iBio.. you could see that it was about to explode based on the three indicators, so I hopped in and well... the sky is the limit. I am an automatic sell at 5% or more kind of person now. I was slow to get to the sell button on that one and decided to screen shot it before cashing out   



This is yesterday with BTC, todays gain loss is for yesterday, total gain loss is for the actual btc trade I was in (and am still in, haven't sold yet)


Still in PERI as well, again, due to the indicator and nothing else. 


Random trades, I have 40 more screen shots just like this.. in some of these I get in, take 4% get out, and then go back and grab another 4%



THIS ONE was the very first time I tried this indicator out. I havent hit anything again like this, but WOW, right off the bat I knew this thing is/was special..



And then here's an example of what my typical morning looks like, now... it used to always look like DKLAY, which is funny, because DKLAY is a long term thing for me and I bought it when I wasn't using the indicator, at this point I'm just waiting till it comes back up to break even to get out of it. That one specifically is a reminder every day of what a typical day used to be like. Again, this was just testing it out to see how it worked. 



So with the above. I would set a trailing loss stop on all of them for 1%.. they would go up a bit, and then automatically close when they drop 1%.. sure I missed some big run ups, but my only goal here is to come out green, dont care how much it is. 

A lot to take in, yes.. and a bit amazing.. still figuring it out over here. TBC. 

All of these screen shots are from the previous two weeks. I was also doing awful in the marketwatch game for a while, until this thing came around.. crazy to say the least. All I want is a sea ray venture 370 out of this thing! 

boatman37

I got a new next door neighbor about a month ago. He works for an investment firm but does his own trading too. He trades options and uses Dark Pool orders and a few other things to find trades. He texts me just about every day with what he is doing. He made a little over $3000 this past week. He isn't using the same system I use but his system works too.

boatman37

I made a little over $1300 this past week. Would have been around $2500 except for my mistake that was live on the youtube video...lol. For those that didn't watch, I meant to enter 1 contract but accidentally bought 5 so hurried and sold and lost $1200.

J3ff

boatman37 said:

I made a little over $1300 this past week. Would have been around $2500 except for my mistake that was live on the youtube video...lol. For those that didn't watch, I meant to enter 1 contract but accidentally bought 5 so hurried and sold and lost $1200.

Where did you post a link to youtube?! so sad I missed that ! 

J3ff

boatman37 said:

I got a new next door neighbor about a month ago. He works for an investment firm but does his own trading too. He trades options and uses Dark Pool orders and a few other things to find trades. He texts me just about every day with what he is doing. He made a little over $3000 this past week. He isn't using the same system I use but his system works too.

Makes me think I should stop what I'm doing and become a trainee of you or your neighbor! 

boatman37

https://youtu.be/m3fgS6rh38w

https://youtu.be/oJb4vBzLq9A

J3ff

Happy Monday. If I was a real trader I'd prob be done working for the week.. lmao...

First two are in market watch, the game .. the rest are real trades in robinhood.






Trades entered this morning, usually 5/10 mins before they rise. 



Trades I bought with a limit order and when they take I immediately set a trailing sell of 3 or 4% on. That way I dont touch them anymore..unless I think they are peaked... 



\

And again if I was a real trader, I guess I'd be headed to lunch for a drink?? 

YYZRC

Instead of going for drinks, you should watch the Eat the Rich documentary on Netflix. I found it interesting to learn how Robinhood works.

J3ff

YYZRC said:

Instead of going for drinks, you should watch the Eat the Rich documentary on Netflix. I found it interesting to learn how Robinhood works.

Will do - I'm actually getting out of robinhood and am just using it now because it presents more of a challenge to do quick trades.. which should help out when finally trying this out with tradingview + trading station, which allows trading right inside the chart.. that should cut down on some of the overhead   

J3ff

Should have an automated bot buying and selling on signals by mid week. 

Trade of the day today in market watch for me.. 

Lake_Bum

I'm way too conservative to let a bot program buy/sell for me.  I truly hope it works out for ya though! 

boatman37

I didn't take any trades today. FOMC is tomorrow and trading can get tricky and Friday and yesterday my alerts were pretty bad.

My next door neighbor works for Hefren Tillotson and trades options. He just moved in about a month ago but he sends me screenshots every day. Last week he made $3000 and today he made $2580. He said he was sick yesterday so didn't trade. He isn't using my system. He uses dark pools and a few other things

J3ff

J3ff

I'm heavy into btc with the bots, no matter what I'll be taking home 1% of what I threw in last night.. hoping for a run up and go grab the top -5% from whenever it drops. Also, still have the original GME and AMC shares Should be a fun day! 

Dream_Inn

It's been a great week for me so far!  Up 5 digits each of the last 2 days.  I still have a ways to go though to break even   The market will be interesting today.  I will have some buys and sells, just depends on the craziness if either happens for me.  GLTA.

randy56

Market was  good to me yesterday, today so far flat. watched Eat the Rich last nite. Hilarious in some parts, entertaining, we watched it happen, but it give details, we didn't know were happening. 

boatman37

I only got 1 alert today on ES futures but it was right after the FOMC meeting at 2:00. would have went for 15pts under my system ($1500) but too close to news for me. I hate news and try to avoid it. No trades for me today. The last 3 days have been rough. Alerts have failed but in days leading up to FOMC trading usually is tough