If anyone is interested in some trading insight

Junkyardog82 said:

I feel like a carriage with no wheels on this great site, not being able to contribute to anything IM or Seo. But if i can be of service rite now to trading related knowledge, dont hesitate. I've been trading for over 5 years now mainly stocks/options and forex.

Im mainly a technical trader with higher time horizons. My experience has been day trading is a suckers game making the brokers money, unless you're dealing with massive orders. They will bleed you slowly.

You wanna follow the big/smart money, think of them like whales. They are not nimble and their moves are obvious because their order sizes are massive.
The best analogy is an elephant trying to get in a kiddy pool without being noticed, which segways to my next point.

Fundanental traders are infact trading latent info versus technical traders. Because when you open the charts you can see the areas where there is supply and demand. Kind hard to see it through P/E ratios. And dont get me fired up about those talking heads.
The weather stations compete with those financial muppets.

Nobody has a crystal ball, but having strategy increases your probabilities of being on the rite side. Trading is not intuitive, because you can be losing 60% of your trades and still profit.

I'll finish off by saying the more knowlegeable you aquire the less shat/tools you need. Today trading for me consists of a generic chart platform which is pretty much free ( Tradingview.com), FinViz.com to scan the market for good setups. And i use CIBC investors edge as my options broker.

The gravy which nobody mentions is setting up your charts on tradingview.com on the 3Month, 6Month Japanese Candlesticks. Thats where you get see everything from the clouds and know whats going on down below. No other platform that i know has it ,unless Think or Swim does. That option is a paid annual subscription, but you can run a free 1month trial and just keep switching emails.

I hope im not out of context here, since this seemed the most fitting place. Sorry for the long rant, but i leave at that for now. Any questions feel free to ask.

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Junkyardog82 said:

Check out "Set and Forget Trading Community" on youtube. That's exactly how i trade, because i learned from him , Alfonso Moreno out of Spain. He uses 0 indicators and no fundamentals. If you think about it an indicator is just a math formula, but do you think people are buying something because of a formula or the actual price.

Another thing that messes people up is the Japanese candlesticks, why i say that? Because it records price within a specified time period. How does price movement within a 1 hour candle or 1 day candle help you make a decision on whether to buy or not? It doesn't because price is independent of time.

Pardon for my analogies, but i find it helps simplify trading ideas/concepts. If you were going to buy a Ferrari car, what is more important? That you buy it on a Monday vs Friday, /OR that its selling for $50k vs regular retail of 75k. You see price and time are completely independent and unrelated. Hence looking at charts you have to bear that in mind.

I sometimes use Renko Bar charts rather than Japanese candlesticks, which does not care for time and only actual price movement. But once you get that concept down, you can revert back to japanese candles.

Japanese candlesticks serve to spot Supply and Demand Zones, which cannot be seen with any other chart type in any meaningful manner.
What your looking for on the charts is massive moves, which could be made up of 1 or more candle(s). Once you found the big moves, look for the origin of that move which will tell you where the smart money was actually buying it at. The spike up means that the market could not absorb the order from the big buyers, therefore their orders were not completely fulfilled. So expect that when price retreats back to the origin of the move, the remaining orders will want to be filled.

Everything about trading we already know in day to day life, except humans always want to complicate things. Think of it like this [ another analogy ], if you had plans to intentionally buy all the ferrari cars in the world for the purpose of profit, how would you do it? Well you would begin by buying them, obviously! But there is a caveat to all this, lets say there is a total of 1000 of them in the world. As you begin purchasing them, price will begin to rise as you remove the inventory from the market, thus increasing demand for it. Follow so far? Bear in mind you're being 100% intentional about what you're doing, that's the key to smart money, nothing is random or accidental. So as price starts to rise you pay more per car, which is counterproductive to your profit margin, what do you do about it?

Its actually simple! By getting the talking muppets to put out bad reviews about the car, making people panic and sell at a discount to the smart money. Smart money continues to gobble up all the cars, until there is nothing left. Now we're presented with an opportunity to sell all of the inventory, but you cant flood the market, because you will depreciate the cars to fast to soon making it counterproductive. So, they bleed off stock gently monitoring prices all the while getting the muppets to put out good reviews about the cars now. People see prices are high and think its a good time to buy because its up.
I think you get the point, and apologize if i ramble on , but its the only way i can explain that makes sense.

This cycle happens all time and every time, its the same tricks over and over. Squeezing the dumb money into the grinder. Please don't do it! There are well over 5000 stocks you can trade, don't fall in love with any particular one. Fall in love with profits and make your decisions based on that.

I put a picture of a stock ( Aurora Cannabis Inc) ticker symbol (ACB) canadian weed stock. Its a 3Month chart where you can see the highlighted blue area showing a Demand zone. Price at that demand zone consolidated for about 9 months and then exploded to the upside with that big green candle. What do you think will happen this time? Considering price has pulled back into that Demand zone already. Well my educated guess would be, smart money is accumulating orders at current price, while trying very hard not to make it obvious. Afraid of price moving up and having to pay a little more than they want to.

There you have it! Hopefully you made it this far.
Any questions shoot away.

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Junkyardog82 said:

Just ordinary japanese candlesticks. As for trading forums/groups, I steer clear of them. Too much jabbering and crab mentality. Im in Alfonso's community, but its a paid monthly subscription. But he has alot of free content on youtube you can learn from and understand the system.

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JonasGreyHound said:

This trading is too advanced, lol. I buy a company I believe in and hold hold hold.

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1. Get a TRADINGVIEW account with a 30 day free subscription, and than rotate emails to get another free sub.
2. Sign up for FINVIZ its a free stock scanner.
3. Look up OptionsProfitCalculator.com to get the options price.

• Market CAP.: Select Mid Cap
• Price: Under $50 You can go higher if you comfortable, but this is where I stay.
  
• Average Volume: 1million and up Need a liquid stock to buy and sell into.
• IPO Date: More than 5 years Want companies with some history, otherwise it can risky.
• Option/Short: Optionable This will show you stocks that you can trade options with.