Saved thank you sir
Saved thank you sir
•
Step By Step:
Filter everything but "Strong Buy" https://pic8.co/sh/FAEDyW.jpg
Make a list of "Strong Buy" tickers
Go to Yahoo! Finance
Identify which "Strong Buy" tickers have a "Bullish" outlook for short, medium and long term. https://pic8.co/sh/GBgAKe.jpg
Make a list of "Strong Buy" tickers with Bullish outlooks.
Rate them against each other using any number of buy indicators. https://www.ig.com/us/trading-strategies/10-trading-indicators-every-trader-should-know-190604
Invest in the best one when it has crossed under the MACD line at around 11:30am market time. https://pic8.co/sh/dvEdhk.jpg
Sell when it is above the MACD in the first hour of trading.
Basically, find a decent stock, buy it at lunch time, then sell the next day, shortly after the market opens.
This is how easy it is to find the right stocks to buy and how to know when to sell them. Expanding upon this process will allow you to do even better.
I have attempted to automate most of this analysis, though my bots are mostly down, right now.
Manually, you should have 5 to 10 tickers you can watch to see when they "dip" below their moving average. It is also best to watch the rest of the market when deciding when to buy and sell. If the S&P is way up, at the moment, it make also be bringing the average of your ticker up. If the S&P is way down, and your ticker is up, that is usually a good sign that it is outperforming the rest of the market.
Analysts:
The reason I recommend starting with Trading View and Yahoo! Finance is because you are comparing two teams of analysts. The more analysts that you bring to bear, the more accurate your impression will be. When you start to automate gathering this data, you will want a "Buy Rating" from as many analysts as possible. This will make you less likely to take an unnecessary hit.
It is also important to note that you can make a lot more money by lowering your standards from "Strong Buy" to "Buy", but you will also be taking a great deal more risk. I shoot for a conservative half of a percent return on each trade. When compounded, using speed through automated trading, this half a percent can easily compound to three percent on a good day.
Quotes:
https://www.wsj.com/market-data
Trading Platforms:
https://www.interactivebrokers.com/
Ultimate Stock Market Toolkit:
https://github.com/ckz8780/market-toolkit
Chart Analysis:
With Ford, the stars aligned, in that in "Made the Cut" relative to all the other stocks, as I was doing my analysis. There are certain "Candle Stick" indicators that help you know, in your current moment, if NOW, is a good time. When I bought Ford, everything was pointing to a bump upwards. Even the market, as a whole was moving upwards.
There is an "upward channel", overall. There are a few "Hammers". There was a dip below average while showing that upward movement was coming and the S&P was also moving up while this little downward movement happened.
So, while I shoot for half a percent, based on Analyst Opinion, alone, the chart helps me know when to jump out of a ticker, more than anything.
Most days, I try to spread out across 4 - 10 stocks. Some days, there are no Strong Buys that also appear Bullish in all three Performance Outlook measures. On those days, I usually switch up my criteria, but the risk increases. On a good day, there will be too many good tickers, so you have to rate them to prioritize them.
Man Hours
The "work" to do this manually, to make the list, then buy, is usually an hour in the morning, then camping on the Trading Account from 9:30am to about 10:00am. Then camping again from about 11:00am to 12:00pm.
When the work is automated, this takes zero hours per day.
The goal is to build the confidence and win ratio so that you can put more and more money on the street every day. If you buy $100k worth of stocks every day, then sell it all within 24 hours, for a half a percent gain, that is $500 per day. However, by biding your time, playing with "Good" stocks, some will inevitably far outperform your half a percent mark.
As it stands, this formula is working to the tune of about $2,000 per day, for me. Though, I have slowed down since my bots were shredded. Ford, however, just put me quite a bit further ahead than I anticipated. I don't even like the company.
Additionally:
There are many ways to trade. Learn them all. Don't do them all, just learn them all.
Watch "Call Options" because they will tell you when you can make tons of money on a stock. If you have a "Strong Buy" with good performance outlook AND a lot of call options about to expire, then this is a "strike while the iron is hot" situation. It is very important to be able to understand option chains.
You should start with stocks that yield a dividend.
You should stick to the same tickers and hold at least a couple of the same tickers you are trading for an entire year. This drastically reduces tax liabilities.
Say you buy and trade Tesla everyday. Hold onto a small amount, like 10, and trade another group on a daily basis.
#Step By Step:
1. Go to https://www.tradingview.com
2. Filter everything but "Strong Buy" https://pic8.co/sh/FAEDyW.jpg
3. Make a list of "Strong Buy" tickers
3. Go to Yahoo! Finance
4. Identify which "Strong Buy" tickers have a "Bullish" outlook for short, medium and long term. https://pic8.co/sh/GBgAKe.jpg
5. Make a list of "Strong Buy" tickers with Bullish outlooks.
6. Rate them against each other using any number of buy indicators. https://www.ig.com/us/trading-strategies/10-trading-indicators-every-trader-should-know-190604
7. Invest in the best one when it has crossed under the MACD line at around 11:30am market time. https://pic8.co/sh/dvEdhk.jpg
8. Sell when it is above the MACD in the first hour of trading.
Basically, find a decent stock, buy it at lunch time, then sell the next day, shortly after the market opens.
This is how easy it is to find the right stocks to buy and how to know when to sell them. Expanding upon this process will allow you to do even better.
I have attempted to automate most of this analysis, though my bots are mostly down, right now.
Manually, you should have 5 to 10 tickers you can watch to see when they "dip" below their moving average. It is also best to watch the rest of the market when deciding when to buy and sell. If the S&P is way up, at the moment, it make also be bringing the average of your ticker up. If the S&P is way down, and your ticker is up, that is usually a good sign that it is outperforming the rest of the market.
#Analysts:
The reason I recommend starting with Trading View and Yahoo! Finance is because you are comparing two teams of analysts. The more analysts that you bring to bear, the more accurate your impression will be. When you start to automate gathering this data, you will want a "Buy Rating" from as many analysts as possible. This will make you less likely to take an unnecessary hit.
It is also important to note that you can make a lot more money by lowering your standards from "Strong Buy" to "Buy", but you will also be taking a great deal more risk. I shoot for a conservative half of a percent return on each trade. When compounded, using speed through automated trading, this half a percent can easily compound to three percent on a good day.
Quotes:
https://finance.yahoo.com/
https://finance.google.com/
https://finviz.com/
https://finbox.com/
https://tradingview.com/
https://www.zacks.com/
https://www.investing.com/
https://money.cnn.com/
https://www.marketwatch.com/
https://www.tiingo.com/
https://www.stockta.com/
https://www.nasdaq.com/
https://www.wsj.com/market-data
Trading Platforms:
https://webull.com/
https://robinhood.com/
https://www.tdameritrade.com/
https://www.fidelity.com/
https://www.schwab.com/
https://us.etrade.com/
https://www.ally.com/
https://www.interactivebrokers.com/
https://www.merrilledge.com/
https://www.tradestation.com/
https://www.firstrade.com/
https://alpaca.markets/
Ultimate Stock Market Toolkit:
https://github.com/ckz8780/market-toolkit
#Chart Analysis:
With Ford, the stars aligned, in that in "Made the Cut" relative to all the other stocks, as I was doing my analysis. There are certain "Candle Stick" indicators that help you know, in your current moment, if NOW, is a good time. When I bought Ford, everything was pointing to a bump upwards. Even the market, as a whole was moving upwards.
There is an "upward channel", overall. There are a few "Hammers". There was a dip below average while showing that upward movement was coming and the S&P was also moving up while this little downward movement happened.
https://pic8.co/sh/WFhLt8.jpg
So, while I shoot for half a percent, based on Analyst Opinion, alone, the chart helps me know when to jump out of a ticker, more than anything.
Most days, I try to spread out across 4 - 10 stocks. Some days, there are no Strong Buys that also appear Bullish in all three Performance Outlook measures. On those days, I usually switch up my criteria, but the risk increases. On a good day, there will be too many good tickers, so you have to rate them to prioritize them.
#Man Hours
The "work" to do this manually, to make the list, then buy, is usually an hour in the morning, then camping on the Trading Account from 9:30am to about 10:00am. Then camping again from about 11:00am to 12:00pm.
When the work is automated, this takes zero hours per day.
The goal is to build the confidence and win ratio so that you can put more and more money on the street every day. If you buy $100k worth of stocks every day, then sell it all within 24 hours, for a half a percent gain, that is $500 per day. However, by biding your time, playing with "Good" stocks, some will inevitably far outperform your half a percent mark.
As it stands, this formula is working to the tune of about $2,000 per day, for me. Though, I have slowed down since my bots were shredded. Ford, however, just put me quite a bit further ahead than I anticipated. I don't even like the company.
https://pic8.co/sh/ltUJSa.png
#Additionally:
There are many ways to trade. Learn them all. Don't do them all, just learn them all.
Watch "Call Options" because they will tell you when you can make tons of money on a stock. If you have a "Strong Buy" with good performance outlook AND a lot of call options about to expire, then this is a "strike while the iron is hot" situation. It is very important to be able to understand option chains.
https://pic8.co/sh/toXgZM.png
You should start with stocks that yield a dividend.
You should stick to the same tickers and hold at least a couple of the same tickers you are trading for an entire year. This drastically reduces tax liabilities.
Say you buy and trade Tesla everyday. Hold onto a small amount, like 10, and trade another group on a daily basis.
(post is archived)