Awesome lesson man!
Thank you Huddie Awesome Peace Out
Great live trading lesson and talk throught Huddie. Funny CEI was brought up as its been back in the spotlight this past week. Former movers can move again
Great live trading session. Thanks Huddie
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I have several videos on how to use TOS for scanning on my website here: http://www.thepennystockquest.com
@Palmer has an excellent ABCD scan for TOS. I've found several mid-morning & afternoon setups using it. I'm going to try the "Bullish Trend Scan", and may tweak each one to search for those stocks with high relative volume at the open, as well as ones that do not fall below VWAP for an extended period of time.
I use finviz.com, it's free and easy to use. You can check out tutorials online on youtube on how to use it but it's pretty straight forward. I don't remember excatly where but on Tim's website there is an article on pennystocking and there's a small list of presets he talks about you can use.
Oh and it only screens NASDAQ, NYSE, AMEX. It doesn't screen Over the counter Stocks. Just set Exchange you want, volume, , market cap and price under 10$. then click on charts and that should get you started. this is only the basics basics but I'm sure you can figure out the rest. Have a good one
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Be real and honest with yourself .. It reflects in your trading .. Health brings wealth .. Binge watching video lessons is better than binge drinking .. Don't drink while watching video lessons .. It doesn't work
Health.
@Flockstock haha I've done that! I'm off the drink for a bit.
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I see paper trading as beneficial to learn how the software works, and to see charts develop in real time with lvl 2 and T&S tape. But i definitely agree with what I think is your main point. No matter what people say, PT simply does not evoke the emotional response. This, to me, is one of the biggest parts of trading.
I agree paper trading lacks real life drama but don't agree it is without benefit. I see it as a stepping stone. As to the gurus well their voices/lessons in my head have kept me from making really stupid mistakes so many times. I'm thankful for the gurus.
I tried paper trading using other platforms like TOS, but the problem was the data wasn't in real time. However, I used Stocks To Trade's paper trading platform for about a month, and it worked wonders for me. The data is real time and it helped me to master reading charts, order entry, Level 2, T&S, etc. It's very much like real trading (minus your money). I would highly recommend it even for just one month.
@SnowDog as long as you don't cheat and look ahead a 20 min delay shouldn't make any difference...
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Thanks for the advise, It's always welcomed.
@bigman Thats honestly how I felt a couple weeks ago. I thought studying my ass off was bullshit. I mean it's obvious, you can only take in so much knowledge before getting plateaued. But it's about continuously studying and finding what works for YOU. For some, they might catch on quick, and for others it might take a shit ton of studying. Either way, studying is required or you're going to just lose like I did my first couple months trading.
@PassionInvestor That's awesome man. Best of luck to you in the future! We got this.
Yea, studying is the way to go.
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@DeeSniper my strategy has been pretty straight forward. Find stocks that are getting the shit kicked out of them, and get a couple lickings in myself.
@DeeSniper In particular I look for beat down stocks to have a morning spike, then I short into the lower high while risking off the high. Check out CLF for the past couple weeks. You'll see what I mean.
HRB was another one I've been watching the last two days. Unfortunately, I didn't get to play because I was out of day trades. You can see how that chart follows this pattern too.
Thanks was curious. I've never shorted. Decided to go long 1 yr before I try shorts. But I'm learning about it.
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@Jai just became a fully transparent trader today!
Gold dust, very inspiring thank you
Gifted Teacher/Explainer. Thank YOU Huddie for taking the time.
Thank you Huddie Awesome Peace Out
Excellent video lesson Huddie. These videos are gold. Congratulations on the big % win. Nice work
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