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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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286511 No.286511 [Reply] [Original]

Hi /biz.,

What are your favorite short-term stock-trading strategies? I hold VOO, SH and TLT for upto two or three days when any of them appears lower.

VOO : Vanguard S&P 500 ETF.
SH : Inverse ETF for S&P 500.
TLT : 20+ year US treasury bond ETF.

>> No.286521

bimp

>> No.286525

DUST/NUGT depending on gold's trend

TQQQ/SQQQ depending on nasdaq's trend

I like to play these aggressive 3x return ETFs.

>> No.286526

Short pran

>> No.286531
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286531

Here's something I drew up earlier. A guy in a trading chat room wanted my opinion on scalping DANG and he was going to buy 200 shares.

I trade in 1,000 shares, so would of made $180. But I don't trade those kinds of stocks.

>> No.286541

>>286526

LOL. You must have made a lot of money now.

>> No.286555

>Short term trading

Top pleb, invest in long term keeping strategies and enjoy your life. I'll beat your returns 99% of the time anyways while never even looking at my portfolio.

>> No.286560

>>286555

I do long term investing in 401K and Roth IRA. I do something similar to what you suggest and invest in long term strategies and do not look at my stocks for weeks.

However, I trade in the short term in my cash reserves that I do not want to commit to a long term trade. I do this to defeat inflation and get some return. My expectations are low, something to the order of 5% an year so I am okay being a "Pleb." Thanks for your comments.

>> No.286566

>>286560

He thinks he's a professional investor with his shares in GOOG, AAPL, SPY, and VT

>> No.286586

>>286566

So, what are the better ideas?

>> No.286592

>>286555
Everyone is an expert in a bull market.

>> No.286595

>>286586

I do not have any pretensions of being a professional investor.

>> No.286664

>>286592

Sure. But if you are so smart, mind sharing a few ideas ? Or are you nothing but someone who has picked up some cliches like "everyone is an expert...." and use it liberally but have nothing to show for it?

>> No.286682

>>286664

Thought so, jackass.

>> No.286711

>>286531
I don't do stocks at all (I don't have enough capital), but doesn't the low volume and upwards gapping of that candle indicate that it's probably a fairly weak sign?

You did the safe thing, anyway, that's always good. How much money do you need to start this kind of stock daytrading? I've only done demo forex so far, but I do know how to trade stocks to a resonable degree and would be interested to maybe moving over to that instead.

>> No.286723

Screening for stocks that have just broken through their previous day's lows then look for a big print. Watch the tape to see if it goes bid and if there refreshing buyers and prints for blocks away from the market.

For shorting I like to buy weekly NTM puts on banks and tech on Wednesday and Thursday.

>> No.286727

>>286664
I trade Forex, come to our thread and you may learn something faggot.

>> No.286733

>>286727

Like how to only pay attention to charts and forget everything else.

>> No.286736

>>286711

$2500-5000 if a prop firm hires you. $25K at least to open your own account.

>> No.286758

>>286727

Yeah? I am the emperor of China.

>> No.286766

>>286531

Is that lower graph with the blue line just RSI?

>> No.286769

>>286766

Williams %R

>> No.286775

>>286511
Just one rule I always go by: Buy low, sell high.

>> No.286780

>>286733
Like how to be a vague poser faggot who has nothing to prove except a 12 pip win on a chart from two years ago.

Also
>Technical indicators are useless
>Posts pictures with MAs, BBs and even a fucking zig-zag elliot wave indicator
Jesus Christ. People like you is why people hate tripfags.

>> No.286832 [DELETED] 

>>286511
>ETF
http://www.youtube.com/watch?v=n_bPmNUT0XA

>> No.287064

>>286780
This

>> No.287966

u all suk

>> No.287996

>>286780

Indicators aren't useless if you know how to use them. Problem is, everyone in the financing world thinks they are to predict price. They are like the fibonacci sequence and merely describe what's going on.

Also, the reason why no one listens to anyone on here is because of people like you, who only attack, attack, and attack while providing nothing else.

>> No.288002

>>286769
What advantage does Williams %R have over RSI?

I've been using RSI as my buy and sell indicators.

Anything at 20 RSI is a solid buy. Anything breaking 70 RSI has a good chance to decline. This has been working out for me for quite some time.

Thoughts?

>> No.288013

>>288002

If everyone bought under 20 and sold over 70, the people doing the opposite are the ones making money.

Just think about it.

>> No.288137

>>288013
I'm just telling you my safe parameters. They have been pretty reliable, no need to be a dick about it.

>if everyone
No shit. You think the entire world is going to do this now because of 1 4chan post?

And btw, thanks for explaining how Williams %R is different from RSI.

Fucking tripfags.

>> No.288141

>>288137

>because of a 4chan post

You have no idea how many sites say the exact same thing.

Btw, I didn't say shit about those two indicators, so you might want to read the IDs of who you ask your questions to.

Fucking illiterate niggers trying to pass of as white.

>> No.288151

>>287996
Even candlesticks and volume bars are indicators. Each indicator has their own intentions, they aren't all implied to predict price. Some measure strength, some measure, trends, etc. Retail traders are the ones who misuse them, not Finance people. 99% of people on /biz/ don't understand how RSI is calculated. Just say hey this is very low I'm gonna buy then sell when it's very high!. They probably barely understand how to read price action with candlestick charts. 99% of /biz/ thinks day trading is penny stocks. 99% of /biz/ thinks networking is pointless if you have an accounting major and bad GPA.

TL;DR
Indicators are useful if you understand what they actually are and how to use them. Retail traders (people on here) are the ones who misuse them, not finance people.

>> No.288191
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288191

>>288141
>all dat angst
It's cool bro. If you're clueless and have no idea, no need to be ashamed by it.

Protip: Dont jump into a conversation with a question in it if you have no intentions of what the question represents.

>> No.288269
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288269

This is the shit I'm talking about.

RSI (red graph)
Williams %R (yellow graph)

It looks like Williams is an over-exaggeration of RSI. It has many more fluctuations, but for the most part they follow RSI's extreme points; when to buy, and when to sell.

If anyone who is experienced in know what they're talking about and not a tripfag, I'd appreciate some insight.

Thanks for your time.

>> No.288287

>>288191

>don't jump into a convo with a question

Should I jump in this if they have a statement?

>>288269

http://www.investopedia.com/terms/r/rsi.asp

I've built a couple different RSI indicators.

>not knowing the equation to the RSI
>not knowing how you can make your own indicators

Does your broker even allow custom indicators?

>> No.288314

>>288287
I never said I was a technical genius god. I',m quite green at this shit as well, which is why I'm here asking questions.

Example; all the up down up down up down bullshit during midday graph, yet the actual price was nowhere near close to those fluctuations.

From RSI: The first of the graph looks extremely oversold, and it quickly jackknifed down.

Only the 2nd time the 70 RSI was hit(3/4ths of the way through) notes the highest point of the day; the best selling price.

So, back to my original question: Why give 2 fucks about Williams R over RSI? Williams appear to have much more drastic movement that doesn't properly display anything in terms of trading other than the below and above extreme.s

>> No.288339
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288339

>>288314
ignore. I've looked at this board for all of 10 minutes and I can tell he's the class retard.

>> No.288362

>>288314

It's not oversold, because you can't see the order books from different brokers. They simply put it as that. All it's saying is that the last x closings have been higher than the last x openings. Nothing else. It doesn't take into calculation how many open buy and sell orders there are on all the different order books.

When a lot of retail traders try to buy when it's oversold, guess who's really winning here? The BROKER. You can't sit there and decipher global risk flows from indicators on a chart. You're being misguided away from where you're supposed to look.

>> No.288371

>>288362
Anyone know what the fuck this guy is saying?
>the broker wins
Like seriously what the fuck

>> No.288373

>>288362
>It's not oversold, because you can't see the order books from different brokers. They simply put it as that. All it's saying is that the last x closings have been higher than the last x openings. Nothing else. It doesn't take into calculation how many open buy and sell orders there are on all the different order books.

The order book data is available, and useless 90% of the time. Are you being serious here or just trolling?

You come across as someone trading a practice account with a spread broker.

>> No.288380

>>288371
He is trying to say that he trades market orders with a shit broker and gets it up the wrong hole every time he takes a scalp

>> No.288381

>>288371

Brokers are able to match your orders either in house or they take the counter risk to your trade. Please educate yourself on the ecosystem.

>>288373

You're not getting interbank order books from international corporations. You might get lvl 2 quotes from other retail traders, but you don't get the real shit unless you're paying top fucking dollar.

>> No.288397

>>288381
>Brokers are able to match your orders either in house or they take the counter risk to your trade. Please educate yourself on the ecosystem.
You must be trading on Mars or some shit.

I see a company, I see the price at $19, I see the RSI @ 30, I buy at $19.

I dont 'broker order either in house to counter risk my trade'

You took too much acid in your lifetime.

>> No.288403

>>288397

>what's a market maker

>> No.288479

Follow Apple news about product release dates.

Buy Apple stock a month or two before release of latest iThingy, at some below average price.

Sell Apple stock the minute it looks like it has peaked.

>> No.288516

You can always try to sell CMG but peak price already hit.

>> No.288520

>>288516
Whats your faggot opinion on JDST/JNUG

>> No.288524

This Fox guy is 100% clueless.

>> No.288705

>>288520

Gold is going up to about 1600 for the peak of a bull trap and then fall below 400 as per the original mean value before the Federal Reserve allowed the interbanks to physically hoard gold.