/biz/ - Business & Finance

>>56638464
the robots are always faster than humans. this is how its always been.

>>56638468
Why do discretionary traders still exist then?

>>56638477
long game obv

>>56638521
How long is ‚long‘? Weeks? Months?

>>56638464
Just day trade stocks. Easier to figure out which ones are in play each day. Alot more consistency in regards to when they move as well.
8:00am - 9:30am eastern time, lots of small caps will fly due to catalyst and new's releases.
(Drug readouts/pre clinics, phase 1, phase 2, news etc...) and shit like that.
9:30am eastern to 11:00am eastern the most volatility in the market, there's lots of people that trade this 90 min window and call it a day. Lots of consistent strategies centered around this. Also better spreads, better liquidity, better trading platforms with $0 commissions and transaction fees.

>>56638551
>Just day trade stocks.
This only works if you are trading on insider information like Warren Buffet or the Pelosi family.

>>56638551
Usually every 30 mins during premarket they'll announce news pieces. And then if you have a decent volume scanner running any stock with any relevant news will pop up on it. So like 7:00am / 7:30am / 8:00am / 8:30am / 9:00am, but I find 8:00am - 9:30am and then 9:30am - 11:00am are the best trade windows.

>>56638558
Trading, not investing. Buffet only owns like 10 stocks anyways, Apple and Bank of America being amongst the 2 biggest. You're goal isn't to be in ahead of the action and try to predict it, it's only to trade off of the price action and volume. Volume will lead you towards anything worth trading. Most technical analysis is shit if there's not volume behind it, the more eyes watching the stock the more likely technicals will be respected. As traders we're not trying to capture the entirety of a move, just a high probability chunk of it that offers good risk reward / EV (Expected Value) (Basically risk/reward relative to your probability of winning). For instance 10:1 is shit if you have a 5% chance of winning, 1:1 is amazing if you have a 70% chance of winning.
Like on the picture I posted, the goal wasn't to jump in at $0.60 cents the prior day and try to predict the move, it's to take the high probability break out over $1 after it forms a cup and then tightens on the right side with increasing volume. It gives you a high probability trade with a clear risk off area that allows you to manage risk. You can also take the pullback into the 9ema higher up at 1.50, or even take a scalp right before open at 1.72 which I tend to avoid taking trades right into the open.

>>56638559
What's the best volume scanner out there?

>>56638652
This one was from last week. Lots of stocks that regain compliance (over $1 so remove fear of delisting) can have sudden massive squeezes.
Price starts to ramp up, gives you a clean pull back trade at around $4.30, later on after it breaks through the $7.50 level it starts to oscillate around that price (if you look at the chart on the right that's the daily and you'll see $7.50 is a prior pivot high, so as soon as the price starts to tighten and build higher lows and recapture that level any shorts that had been using just above the pivot high on the daily as their stop loss area is starting to capitulate as it recaptures it for the 2nd time. The first time it breaks through that pivot high the stocks already extremely extended so many shorts won't bail on their position yet, but the next time it happens they'll throw in the white flag.
shorts getting stopped out = them covering = them buying = 50/50 bear/bull balances flipping to 80/20 bull/bear imbalances, etc) which causes sudden massive price spikes since now you have bulls buying, break out traders buying, and short's buying to cover their short positions.

>>56638679
There's lots of built in volume scanners in pretty much every major brokerages trading platforms, I have my own custom built one that I made in trade-ideas (cost about $1k a year).
Heres a slightly outdated picture, but you get the idea.

>>56638693
Heres some older pictures, for any frens interested.

>>56638734

>>56638754
And these concepts apply to all time frames. Heres a nice daily breakout. Huge flag pole followed by a double inside bar that then rips off the 9ema.

only day trade during a bullmarket, since you can literally just le buy low sell high
its still a bit too early to say if we're in one now though

>>56638876
how about them apples

>>56638551
>>56638652
>>56638688
You sound hella smart. Where did you learn this stuff

>>56638934
I've been trading full time for about 5 years now and traded part time before then.
I started off on Stocktwits + YahooFinance and a little bit of youtube, which probably caused me to waste a year of time.
Eventually after a huge drawdown I unfollowed most people on stocktwits, bailed on yahoofinance (because dipshits arguing as to why a stock should move or do certain things, or what the valuations should be doesn't do anything for price and was a giant waste of time and I went from fundamental based trading to technical analysis).
I moved to youtube + twitter and started following the best traders on the planet and researching them.

-Mark Minervini (He's been in the markets for decades, won many trading competitions, multiple books, goes on CNBC alot. He dropped out of high school. Took him 6+ years to become profitable)
-Kristian Quallamaggi (Took him 5 years to make his first million, then went from 1 million to 100 million over the next 5. He used to work as a security guard. Now he just neet's and plays WOW all day between cruising around on yachts and doing trader interviews.)
-Mark Douglas (For trading psychology, which is incredibly important for trading, the best strategys are worthless if you don't have the mental discipline to execute them)
-Jared Wesley from live traders on yt (so much good content posted, he posts entire hour + long videos with some of the best teaching material imaginable. I'd encourage you to look into his 3 bar play videos as a good jump off point. I've watched probably 200+ hours of his content at this point).
-Oliver Velez (40+ year trader, huge bitcoin bull).
-William O'Neil (Both Minervini and Quallamaggi studied O'Neil)
-Jesse Livermore (William Buffet of day trading in the early 1900's).
-Cameron Ross (Great for day trading/scalping)
-Oliver Kell
-Traderlion channel on yt is another good source

Heres another pic I made for frens a while back.

>>56638477
>why can people win the lottery?

>>56638989
Thanks for the tips, fren

>>56638934
if you can ever somehow find a discord where people are streaming TA it can help you learn so fast too. I miss the shib discord so fucking much bros...

You can earn 200 usd with margin in minutes.
Day trading is only good with 20-30k stacks.
Margin if necessary

>>56638464
yes

why bother with the stress when you can buy one month and sell for 100% gains the next? echelon prime went from 5 to 1.50 and it's back at five again. sitting on your hands is the best strategy for crypto that i have seen.

>>56639407
yup they are so kind to spend their free time writing academic research papers to convince you to daytrade. gee i wonder what could be the catch here?

>>56638989
Most based, this is why I chan

>>56641451
I appreciate the back handed compliment, but it didn't take long to type and most of those pictures are screenshots I take after trades that I have cataloged, so it's easy to access them and scrounge them up and the other paint picture I made a couple years ago.
I used to run a free /biz discord though, but I don't sell anything.
My friends and family don't know shit about trading so discussing stuff with them is pointless, so posting random stuff on here with my basket weaving frens from time to time is a good outlet.
Pic related. I remember getting trashed for saying BBBY was going to $0 right before it had a short squeeze.
>>56641524
>>56639407
No problem frens