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So you& #39;re looking to get started in the stock market
But don& #39;t know where to start?
Join me in
"Finding The One"
- A THREAD -
But don& #39;t know where to start?
Join me in
"Finding The One"
- A THREAD -
1.
One thing to note
"Finding The One" is based purely off technical analysis
I won& #39;t get into the fundamentals
Enjoy!
One thing to note
"Finding The One" is based purely off technical analysis
I won& #39;t get into the fundamentals
Enjoy!
2.
- The Process -
Stock trading is an art
Many things go into your masterpiece
You need an A+ setup, below is a list of what I look for
- Top right chart
- Consolidation
- Support/Resistance level
- Clear buy/sell point
- Risk reward ratio
- The Process -
Stock trading is an art
Many things go into your masterpiece
You need an A+ setup, below is a list of what I look for
- Top right chart
- Consolidation
- Support/Resistance level
- Clear buy/sell point
- Risk reward ratio
3.
- Finding A Top Right Chart -
This is a simple step
When you& #39;re scanning for potential stocks to buy, you need to buy those that are strong
Avoid buying a "bottom right" chart
Expensive tends to become more expensive (buy)
While cheap tends to get cheaper (avoid)
- Finding A Top Right Chart -
This is a simple step
When you& #39;re scanning for potential stocks to buy, you need to buy those that are strong
Avoid buying a "bottom right" chart
Expensive tends to become more expensive (buy)
While cheap tends to get cheaper (avoid)
4.
- Consolidation -
This is a period where a stock is neither moving up or down (sideways)
Think of it as taking a breather after running
We buy stocks as they& #39;re readying up to "run" again
They& #39;ll usually start to run when there& #39;s a catalyst pushing them forward
- Consolidation -
This is a period where a stock is neither moving up or down (sideways)
Think of it as taking a breather after running
We buy stocks as they& #39;re readying up to "run" again
They& #39;ll usually start to run when there& #39;s a catalyst pushing them forward
5.
- Support & Resistance -
This is key to your success in order to know where to buy
So what do these mean?
- Support is the point where a downtrend is expected to stop/pause
- Resistance is the point where an uptrend is expected to stop/pause
Think of it as a box...
- Support & Resistance -
This is key to your success in order to know where to buy
So what do these mean?
- Support is the point where a downtrend is expected to stop/pause
- Resistance is the point where an uptrend is expected to stop/pause
Think of it as a box...
6.
- Buy/Sell Point -
This is based off of the support/resistance trendlines
Ideally you want to buy above the resistance level
And sell below a support level
This leads to your risk reward ratio...
- Buy/Sell Point -
This is based off of the support/resistance trendlines
Ideally you want to buy above the resistance level
And sell below a support level
This leads to your risk reward ratio...
7.
- Risk Reward Ratio -
To find your risk reward ratio you first need to know your risk/share
Ideally you want to make $3-5 for every $1 risked
So if you buy a stock at $50 with a stop at $49
You want to sell portions of your trade at $53-55
Keep the numbers in your favor
- Risk Reward Ratio -
To find your risk reward ratio you first need to know your risk/share
Ideally you want to make $3-5 for every $1 risked
So if you buy a stock at $50 with a stop at $49
You want to sell portions of your trade at $53-55
Keep the numbers in your favor
These tools are important towards your success as a trader
Use them to your advantage
And as always
Shoot me a DM if you have any questions!
Use them to your advantage
And as always
Shoot me a DM if you have any questions!
