Chart Learning

It is a bit overwhelming when being first introduced to technical analysis. It can be quite confusing, as a lot of jargon is thrown around. As the years go by, I find myself focusing less and less on technical indicators (chart patterns are much more useful, and I don't mean patterns like Head and Shoulder patterns). I find the indicators out there to not be that effective since they are so overused by trading robots and retail traders thus taking the edge away. My Thoughts on Indicators Early in my trading career, I followed Tom McClellan and he has always emphasized not to use the same tools everyone else does, as it takes away the edge. I have always taken that as motivation to find new/unique ways of interpreting indicators. For example, with the RSI, I don't look at it to tell me whether a stock is overbought or oversold, there is so much to the indicator, that many don't discuss (or maybe notice). In fact, I find trying to use it to tell if a stock is overbought

Options are generally unadvisable due to the large volume of losses retail traders experience while trading. However, despite the warnings and losses, many traders still trade options. Hence, presently, what matters the most isn’t discouraging people from trading options but helping people deeply understand its fundamentals. This way, retail traders can optimally minimize their losses, and perhaps increase their chances of finding mispriced options that could return lottery-like profits.  This article explores how options are priced, helping traders to understand past the “basics.” At the end of this article, you should be able to understand options pricing and have a better chance of recognizing when options may be mispriced in your favor and when they are not. Thus, giving you the tools set to potentially identify the next Gamestop option play. Without any further ado, let’s get straight into understanding how options are priced! Basics of Options Pricing Options are a contract type

Trading is a hard career, that almost everyone will fail at. Over the years, from experience, I learned a lot of tips and tricks to help me become a winning trader with over 1100 traders under my belt. This experience has led me to Master Meme Trading, like a Jedi. My success can be described very simply as it boils down to how many monitors you trade with. Ideally, the goal is a minimum matrix of at least 10 by 10 monitors. My personal setup is shown below. Unfortunately, many cannot afford such a setup, so I will provide an alternative; priceless trading tips that have helped me make money over the years. Make sure to write them down, tattoo them and pass them on to your children. Your way to becoming a master meme trader is only 7 tips away! Within no time absorbing these tips, day in and day out training in a condensed 10-minute movie-like montage you will be master meme trading stocks such as $AMC $WISH $CLOV $GME $TSLA making your portfolio head faster to 0 than it ever has befor

When beginning to trade, it is advisable to look up what tools professional traders have in their arsenal. The Elder impulse system designed by Alexander Elder and featured in his book “ Come into My Trading Room ”, is one of the best tools that people new to trading can employ right away. The trading system is easy to follow, and a great starting point to get into trading profitably.  This trading system combines two indicators; a 13-day exponential moving average and the MACD- Histogram. The trend of the price movement is identified by the 13-day exponential moving average while the momentum is measured by the MACD-Histogram. When these two indicators are used together a trader can easily identify tradable impulses (buy and sell entries). How to use this indicator in trading The ease of use in this trading system comes from the indicator using color-coded price bars, as shown in the chart above ( please study it as it’s pretty self-explanatory). A green price bar will be indicated wh

Technical indicators have been used by analysts for many years. Technical analysts use historic data from analyzing the past movement of the price to make speculation on the price direction of the financial instrument in the future. These indicators are pattern-based and get their data from the price, volume, or open interest data.  It is important to note that using technical indicators is a reactive trading system and doesn’t predict the future but rather quantifies the risk and returns. This gives a trader an insight into the best price to enter or exit a trade.  In this article, we will delve into a rarely used technical indicator, the ADX indicator. ADX connotes for Average Directional Movement Index. What is amazing about this indicator is its ability to identify stocks that are about to start a new uptrend that ends up with the stock returning 5 to 10 times its initial price. This is perfect in the current market conditions, where we have seen countless stocks like Pinterest, Sn