What's Your Process? | Poal: Say what you want.

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• (edited ) (+8/-0)

I mostly automate things, but before you reach that step, you need to understand what information and processes to automate by learning how to day trade.

Step 1: I look at the futures to see what the day is supposed to look like. (Today market looking a little flat.)

https://pic8.co/sh/AGeYkX.png

You can also check how the international markets did, in comparison with the futures.

Step 2: Find all the "Strong Buy" (or equivalent) stocks. I recommend you check many analyst ratings on many platforms, but, to get started, use TradingView. Sort by Volume to see what people are most interested in, today.

https://pic8.co/sh/DBCIHX.png

This morning, there are 1407 Strong Buy stocks of maybe 6,000 total. Looking pretty good for a day that will supposedly be flat.

Step 3: Check for Unusual Option Activity.

https://pic8.co/sh/EjPqOY.png

Again, sort by volume. If you see something at the top of TradingView and something at the top of Unusual Option Activity, you will almost certainly want to be trading that stock, today.

Today, options are telling me to play with SNDL and AAPL.

However, I bought a few thousand dollars worth of NAK, at the top of the TradingView list, at 38 cents. So, this stock will be my primary concern, today. Generally, I sell half if I double my money, so I will likely be selling half of my NAK today.

Step 4: Zero in on a stock. In this case, I'm liking NAK.

https://pic8.co/sh/qgL8xG.png

What I see, when I look at the chart, is that I need to sell most of my NAK if the stock reaches $1.85. I will hold onto a small amount, in the event that it moons to $18.00. The odds of it hitting $18 are very, very slim. The odds of it going past $18 are astronomical. The trading algorithms will test a previous high, no problem. A high from a while back is where they will test if it breaks that "resistance" line. I will be selling 100% of the stock should it get to $18.

Point being, don't guess prices outside of the channels the algorithms will be trading in. If you are really terrible at the numbers, just set your sell limit .5% - 1% higher than your buy price. You'll get it in a day or two.

Step 5: Time it right.

Everyday, the stock market follows a similar pattern.

https://pic8.co/sh/pmKXKG.png

The best time to buy is usually about 11:30am, market time. The best time to sell is usually around 9:45am, market time, the next day. If you "Buy at Lunch" and "Sell in the Morning", you can usually narrow your trading time down to 1 hour, starting at 9am, market time, then come back for a half hour at 11:30am. An hour and half a day is reasonable, once you get rolling. It is a lot less, once you've automated the searches.

Part of timing is also watching the S&P chart. If the S&P is rising drastically, instead of slightly dipping at 11:30, you are going to have to rethink your plan or simply do nothing. What you want is the S&P to be slightly dipping, at the same time as the normal trend (lifetime average of the market), AND for the stock to be slightly dipping, as well.

THREE CHARTS, ALL DIPPING AT THE SAME TIME.

The S&P Chart
The Daily Average Chart (which never changes)
The Stock Chart

https://pic8.co/sh/V4MF4w.png

There is a little more flexibility when you sell, because you already know if it is in the money, or not. But, the idea is the same. Sell when the highs align.

It's really that easy to get started. My main piece of advice for beginners is: DO NOT buy anything other than a "Strong Buy" (or highly rated across multiple platforms) and make sure the Yahoo Finance page shows a "Bullish" Stochastic and that "Short, Medium, Long" projections are all Bullish.

If you buy a "Strong Buy" on TradingView, that also appears Bullish on all the Yahoo meters, you will make a little money every time. You may not make it in a day, but you will get your profit when the algorithms start back testing peaks. Bonus points if it is a dividend stock, because you will make money if you have to hold it.

This strategy has yielded me a 99.9% success rate. It works because of "market irregularities", which is really representative of "price uncertainty". You just need to guess within a slightly more narrow margin compared to what the automated trading systems are guessing.

What will happen, when you focus on these small daily gains, is that you will be sitting on 20 to 30 great stocks where one of them WILL spike.

That is where I like to be. Like, today, I am sitting on NAK. It's going to be a great day for me and I'll only have to put forth 1 minute of effort at about 9:45am.

Diversify your positions to catch those occasional leaps in profit.

tl;dr The road to wealth is a slow, steady march. Do not fall for the tricks that Reddit's "WallStreetBets" are playing. There are plenty of good plays to be made, but they will naturally happen to you if you are day trading correctly.

Once you start regularly getting 100 stacks, then options start to become an easier way to work with your equities. Just remember to keep your spreads in slightly more narrow than the algotraders.

Edit: This morning sold TTT, BMBL, NAK, PZZA. Targeted 1% gains, did quite a bit better than that on each. I'm looking at BMBL again for the 11:30 buy. I think the price is outrageous, but the cabal is into it, so it may be another Beyond Meat.

Edit 2: Buying AKRO, TRX, BMBL, AAPL. We'll check in with them, tomorrow.

Edit 3: If you check the charts, you will see the prices of my buy time (11:00 market time) and how each of these charts went up a smidgen, after that. As I've mentioned; I'm shooting for a 1% gain each trade and that is where my sell limits are automatically set at unless I manually change it. This helps me not get greedy.

I Made about $1 a share on BMBL, AKRO selling same day, beating 1% target. They since dropped. Made about .09 cents a share on TRX, meeting 1% target. It has since dropped. My worst was AAPL, where I also made about a dollar per share, but that is less than the targeted 1% gain within 24 hours. So, once again, we have a 100% success rate making a profit, though I was slightly under where I would have liked to have been due to AAPL.

I mostly automate things, but before you reach that step, you need to understand what information and processes to automate by learning how to day trade. Step 1: I look at the futures to see what the day is supposed to look like. (Today market looking a little flat.) https://pic8.co/sh/AGeYkX.png You can also check how the international markets did, in comparison with the futures. Step 2: Find all the "Strong Buy" (or equivalent) stocks. I recommend you check many analyst ratings on many platforms, but, to get started, use TradingView. Sort by Volume to see what people are most interested in, today. https://pic8.co/sh/DBCIHX.png This morning, there are 1407 Strong Buy stocks of maybe 6,000 total. Looking pretty good for a day that will supposedly be flat. Step 3: Check for Unusual Option Activity. https://pic8.co/sh/EjPqOY.png Again, sort by volume. If you see something at the top of TradingView and something at the top of Unusual Option Activity, you will almost certainly want to be trading that stock, today. Today, options are telling me to play with SNDL and AAPL. However, I bought a few thousand dollars worth of NAK, at the top of the TradingView list, at 38 cents. So, this stock will be my primary concern, today. Generally, I sell half if I double my money, so I will likely be selling half of my NAK today. Step 4: Zero in on a stock. In this case, I'm liking NAK. https://pic8.co/sh/qgL8xG.png What I see, when I look at the chart, is that I need to sell most of my NAK if the stock reaches $1.85. I will hold onto a small amount, in the event that it moons to $18.00. The odds of it hitting $18 are very, very slim. The odds of it going past $18 are astronomical. The trading algorithms will test a previous high, no problem. A high from a while back is where they will test if it breaks that "resistance" line. I will be selling 100% of the stock should it get to $18. Point being, don't guess prices outside of the channels the algorithms will be trading in. If you are really terrible at the numbers, just set your sell limit .5% - 1% higher than your buy price. You'll get it in a day or two. Step 5: Time it right. Everyday, the stock market follows a similar pattern. https://pic8.co/sh/pmKXKG.png The best time to buy is usually about 11:30am, market time. The best time to sell is usually around 9:45am, market time, the next day. If you "Buy at Lunch" and "Sell in the Morning", you can usually narrow your trading time down to 1 hour, starting at 9am, market time, then come back for a half hour at 11:30am. An hour and half a day is reasonable, once you get rolling. It is a lot less, once you've automated the searches. Part of timing is also watching the S&P chart. If the S&P is rising drastically, instead of slightly dipping at 11:30, you are going to have to rethink your plan or simply do nothing. What you want is the S&P to be slightly dipping, at the same time as the normal trend (lifetime average of the market), AND for the stock to be slightly dipping, as well. THREE CHARTS, ALL DIPPING AT THE SAME TIME. - The S&P Chart - The Daily Average Chart (which never changes) - The Stock Chart https://pic8.co/sh/V4MF4w.png There is a little more flexibility when you sell, because you already know if it is in the money, or not. But, the idea is the same. Sell when the highs align. It's really that easy to get started. My main piece of advice for beginners is: DO NOT buy anything other than a "Strong Buy" (or highly rated across multiple platforms) and make sure the Yahoo Finance page shows a "Bullish" Stochastic and that "Short, Medium, Long" projections are all Bullish. If you buy a "Strong Buy" on TradingView, that also appears Bullish on all the Yahoo meters, you will make a little money every time. You may not make it in a day, but you will get your profit when the algorithms start back testing peaks. Bonus points if it is a dividend stock, because you will make money if you have to hold it. This strategy has yielded me a 99.9% success rate. It works because of "market irregularities", which is really representative of "price uncertainty". You just need to guess within a slightly more narrow margin compared to what the automated trading systems are guessing. What will happen, when you focus on these small daily gains, is that you will be sitting on 20 to 30 great stocks where one of them WILL spike. That is where I like to be. Like, today, I am sitting on NAK. It's going to be a great day for me and I'll only have to put forth 1 minute of effort at about 9:45am. Diversify your positions to catch those occasional leaps in profit. tl;dr The road to wealth is a slow, steady march. Do not fall for the tricks that Reddit's "WallStreetBets" are playing. There are plenty of good plays to be made, but they will naturally happen to you if you are day trading correctly. Once you start regularly getting 100 stacks, then options start to become an easier way to work with your equities. Just remember to keep your spreads in slightly more narrow than the algotraders. Edit: This morning sold TTT, BMBL, NAK, PZZA. Targeted 1% gains, did quite a bit better than that on each. I'm looking at BMBL again for the 11:30 buy. I think the price is outrageous, but the cabal is into it, so it may be another Beyond Meat. Edit 2: Buying AKRO, TRX, BMBL, AAPL. We'll check in with them, tomorrow. Edit 3: If you check the charts, you will see the prices of my buy time (11:00 market time) and how each of these charts went up a smidgen, after that. As I've mentioned; I'm shooting for a 1% gain each trade and that is where my sell limits are automatically set at unless I manually change it. This helps me not get greedy. I Made about $1 a share on BMBL, AKRO selling same day, beating 1% target. They since dropped. Made about .09 cents a share on TRX, meeting 1% target. It has since dropped. My worst was AAPL, where I also made about a dollar per share, but that is less than the targeted 1% gain within 24 hours. So, once again, we have a 100% success rate making a profit, though I was slightly under where I would have liked to have been due to AAPL.

[–] • 0 pt

Care to point out how long you've been doing this? That's the one thing that always irks me about the "it's so easy to trade" crowd.... they never mention the decade (and usually more) of time they put into it beforehand, or the helping hand of working institutional trading with a trainer, or anything Else that isn't disclosed but has led to the current position where "trading is so easy".

I'm on year 2 in forex, just moving out of paper money to real and using a "Simple Dance" strategy (price action indicators for trading the "bounce".) Running a small profit right now, but using small money too... there's a mental hump of risking hard earned money and I'm good with profits/losses in the tens of dollars right now. I'll grow that as my confidence grows.

I'm a long/hold on stock (though I did get in on the dip last year, found a good ~11% gain in 2 months). I just haven't put any time into learning it, taking forex, and specifically the EUR/USD pair, as my preference to learn.

(edited )

I've been casually buying stocks for about 5 years. I started with $500 and slowly worked my way up to $25,000. Very, very slowly.

I didn't actually start regularly day trading until a couple of years ago, but it was still a fairly casual enterprise.

Last year, I took my tools for automating the news and scraping data, looking for corruption, and applied them to the stockmarket, building my own trading algorithm via a "Red Light, Green Light" system. The automation drastically improved my returns because of high frequency, low risk trading. However, the principles are the same as if one were to do it manually.

I've no education or training in finance. I do not work with anyone. I taught myself. My brother in law is a hedge fund employee and he disagrees with everything I say, but my portfolio far outperforms his. Mainly, because he actually takes time to read technicals and fundamentals and I just use scripts to read them for me and weight them accordingly.

Prior to last year, I made a few dozen trades. Last year, I made thousands of trades and only Lockheed Martin and Northrop Grumman have screwed me, so far. That's two trades of thousands and they pay a dividend, so it is not exactly a losing bet.

Institutional investors are operating on bad information nearly all of the time. They are molded to think a certain way, like lawyers or doctors or any other very educated professionals. Their mindset is such that they get pissed and annoyed at the success of laymen.

Forex is great, though my algo for forex shoots for very small gains... currently set at .25% to trigger.

I'm like you. I'm frugal. I seek only small gains... just very rapidly. I have a family and I view our money as ours and I don't make unnecessary risks.

I'm always cautious of the market being crashed intentionally, so I do branch out into crypto and precious metals to hedge against a crashed dollar.

If you are trading manually, price action indicators + sentiment indicators are pretty darn good for staying in the money.

My recommendation is that you learn all the different ways to trade. Everyone has a different personality and different trading styles appeal to different personalities. Exploring all of your options helps you do what you are doing, already, better, and will also help you hedge across more venues.

Personally, I find selling credit spreads to my liking. One, because I can look at a chart and visualize the spread very easily, compared to everyone I know. Two, because, after experimenting with it, I kept making more money selling the credit spreads than I was on the equities.

I generally try to hold an equity long term... at least one year... and will play with options to steer my profits the way I want, if it isn't going the way I had hoped. Manually, I find I get a bit lazy, which is why I use automation to set my prices and quantities. I try to sell everything at once, manually, where an algo will space out the sales temporally.

Oh... and watch out for shit like this...

https://i.redd.it/q3jxwu7ns1h61.png

See how he wants you to think $3? Maybe... but the chart is a bit of a trick. I see more like $1.85. Never try to outguess the moving average.

I've been casually buying stocks for about 5 years. I started with $500 and slowly worked my way up to $25,000. Very, very slowly. I didn't actually start regularly day trading until a couple of years ago, but it was still a fairly casual enterprise. Last year, I took my tools for automating the news and scraping data, looking for corruption, and applied them to the stockmarket, building my own trading algorithm via a "Red Light, Green Light" system. The automation drastically improved my returns because of high frequency, low risk trading. However, the principles are the same as if one were to do it manually. I've no education or training in finance. I do not work with anyone. I taught myself. My brother in law is a hedge fund employee and he disagrees with everything I say, but my portfolio far outperforms his. Mainly, because he actually takes time to read technicals and fundamentals and I just use scripts to read them for me and weight them accordingly. Prior to last year, I made a few dozen trades. Last year, I made thousands of trades and only Lockheed Martin and Northrop Grumman have screwed me, so far. That's two trades of thousands and they pay a dividend, so it is not exactly a losing bet. Institutional investors are operating on bad information nearly all of the time. They are molded to think a certain way, like lawyers or doctors or any other very educated professionals. Their mindset is such that they get pissed and annoyed at the success of laymen. Forex is great, though my algo for forex shoots for very small gains... currently set at .25% to trigger. I'm like you. I'm frugal. I seek only small gains... just very rapidly. I have a family and I view our money as ours and I don't make unnecessary risks. I'm always cautious of the market being crashed intentionally, so I do branch out into crypto and precious metals to hedge against a crashed dollar. If you are trading manually, price action indicators + sentiment indicators are pretty darn good for staying in the money. My recommendation is that you learn all the different ways to trade. Everyone has a different personality and different trading styles appeal to different personalities. Exploring all of your options helps you do what you are doing, already, better, and will also help you hedge across more venues. Personally, I find selling credit spreads to my liking. One, because I can look at a chart and visualize the spread very easily, compared to everyone I know. Two, because, after experimenting with it, I kept making more money selling the credit spreads than I was on the equities. I generally try to hold an equity long term... at least one year... and will play with options to steer my profits the way I want, if it isn't going the way I had hoped. Manually, I find I get a bit lazy, which is why I use automation to set my prices and quantities. I try to sell everything at once, manually, where an algo will space out the sales temporally. Oh... and watch out for shit like this... https://i.redd.it/q3jxwu7ns1h61.png See how he wants you to think $3? Maybe... but the chart is a bit of a trick. I see more like $1.85. Never try to outguess the moving average.

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