Traded MYM on 'short', through 'h' pattern 'recognition'. Familiarizing technical charts/pattern is a must in market trading. Either where the market goes, recognizing market behavior can take an advantage.
MYM third trade. Got stopped on 2nd trade. Recover the third trade on reversal.
M2K 4 trades. Got stopped/out on three trades, not acting right. Got it on the 4th reversal.
Traded MES on a nice one entry, able to capture while the three indices are acting on reversal at the same time.
The market went up early before the open due to positive economic report.
Traded MYM and went down, added 1 contract as it settle below, and exited from the previous entry.
Traded exceptionally well the M2K below, a classic reversal.
Traded MYM (Dow 30, micros) on 1 minute time frame, got stopped 3x, recover the 4th time, patience paid off (one hour watching the market like a hawk 😅).
Traded the three indices at the same time on one minute chart and capture the bottom buy.
Good setup trade in the e mini Dow
That can be answered depends how you interpret the market based on your own participation. I made this kind of question to my own trading because I do my own trading by myself without the aid of anyone except through my own way of learning. I am not saying/boasting or tooting my horn, it's because I don't have any means to pay expensive seminars, subscribe to expensive tutors or whatever those 'great' traders are espousing that they can beat the market, or those promises that they know how to make a good trade and help you make tons or millions of 'In God We Trust' paper.
Friday's market not quite interesting, an ugly chart trading day.
Did last minute trade and able to get back early loss.
Trade MNQU4 in the futures markets (chart is QQQ, similar pattern).
Following are notes to be aware of when confronting the market
1. Don't impose will in the market. Trade what charts do.
2. Wait for the right timing/pattern to emerge. Don't manufacture trades.
3. Gad'm shit - cannot trade the market everyday!
4. Add to winning trades, not to losing trades.
5. Don't trade/send money to suicide mission.
6. Don't just trade for the sake of trading.
7. Market doldrums - 8:30am - 11:30am. PT (need to be aware of, market is taking lunch break)
8. Trade smarter not harder. Focus on the process.
9. Trade with an edge. Trade with sense.
10. Trade what you see.
11. Be accountable. Protect capital.
12. Be patient. Wait for the right trade setup.
13. Be consistent. Be selective.
14. Cut losses. Always put stop.
15. Job is not trading. Job is to make money.
In trading the market, impossible to buy at the bottom and sell at the top.
The best way to trade is 'in-between'.
There lots of ways to make money trading the stock market, and the opportunity to make money is always there.
The money is always there ready to grab it - if you know and learn how the market works, you can earn a living trading the market.
It's not about having much capital, it's about having understanding how to make trades with an 'edge'.
Edge is about the knowledge and understanding the market movement relative to the technical charts.
And having familiarity with the trading instruments will have an advantage - futures/stocks/cryptos/forex.
Once you develop a familiarity based on your own understanding, then you can have the edge.
Futures markets especially the indices preferably offer good opportunity.
They correlate the main charts below.
Futures markets especially the micros offer low margins and you can trade them with minimal capital.
Been trading for quite some time, on and off, through the years of self learning, I find that trading is all in 'yourself'.
Cannot be like those traders in you tubers and in the trading books - they're all 'myth'.
Even if you have all the ideas in trading and have much capital, but if you don't have the self belief and thorough examination of yourself - cannot be done positively.
All you will have is frustrations, denials, searching/researching of ways to become 'profitable', and 'become successful' - like those in the You Tube's - mind you, that will just be a dream (well - better to have a 'dream' than not to have one😏).
Have read a lot of books, name it and I have read them most if not all, including those 'scratch books' in kindles, they won't help, all you will get are just words/sentences/techniques/strategy/quotes, whatever - that will just leave you spinning around and continue thinking/implementing ideas you got/learned, not knowing you did everything, and for years, still chasing that 'that' dream someday you can make it.
Not ever, you cannot make it!
Unless you have that 'third paragraph' sentence of this post - it will just be a waste of time/money/effort - and you will remain 'gambling' your intelligent mind forever and you might get a 'divorced' notice from your princes/pals/love ones😝.
A few of the selection made positive gain from Tuesday's stock prospect.
Charts below offers new trade opportunity for the week, let's keep an eye Tuesday price movement/signal and enter the best price we think will give us an edge, once we get 2+ dollar gain, exit the trade, we have 8 instruments to select the very best bet we can Observe & Trade this week! AZN; CHRW; FORM; KTB; NEE; PEG; RDNT; TNDM
As exposed in the stock market (wall street) in an individual manner thru own reading/research, find it fascinating that there is an opportunity to earn something through your own way.
As new technology being created and introduced, participating in the stock market gives every ordinary individual an opportunity to earn something as long as you know and learn how it works.
Most legendary/wealthy market veterans who've been conquering the stock market world for some time, 'discourages' new entrants participating in their elite world (since before only them who has the privilege to participate), they monopolized the market. And most even in their 90's are still in the market and don't want to 'retire' - they still want to control the main money, that's why ordinary people are struggling because they control most of the wealth?
They don't like new stock market platform that offers few dollars to play/trade/invest the stock market.
It's time for the tiktokkers/redditors to get involved and get/claim even a fraction from the elite wealth?😅
chart below seems the reminiscences of 2021 when DOGE wag the tail hard and made a breakout to the top, let's wait till the end of 2024
there's possibility that CAVA (CAVA ) is the next CMG (CMG), take a look at the brand and see/evaluate the possibility
still eying the above per the chart below, is it going to go up and and beat the previous top? don't know, but the triangle seems probable, just pile $10 per week from Robinhood platform, equivalent to a cup of grande SBUX coffee, if you drink SBUX coffee everyday, skip on Friday and buy $10 DOGE from Robinhood, and find out the results till the end of 2024 😇
tested the price range along the arrow and holding 40shares, will add further, maybe today to bring to 100shares, learning /testing the price movement, and doing some kind of trending
let's see if it works getting involved trading the hype, it's not about value, it's about making something different, taking the risk and evaluating the chance or opportunity
Per chart below, DOGE still a buy, probable to beat the 2021 May price of $0.65.
Still piling $30 per week from Robinhood platform.
100shares today for long trade, forming cup with a handle or inverse head and shoulder pattern, it all depends interpreting technical chart. Target in the $40 level. Per observation, it went up on a big move (a big buy on volume), stay idle for days, might consolidate further, but it might possibly go up with the trend.
Eyeing the above on the price level below, usually IPO stock drops and leveled for month or so, then they surge after, let see if we can stake and get some good outcome in a month or so.
Made decent amount early of 2021 as most doubts about the opportunity from DOGE, but it's not about value in the market, it's about making money.
While the crowds are in frenzy mode and started buying while DOGE going up - I'm already out, guess what, it drops after, and stagnant for the rest of two years or so (exactly three years as of today).
While DOGE in the sleeping mode, started piling up.
Now DOGE starting to bark again, been watching closely the previous top and see if it can beat the previous high.
If it does, will get out, but need to monitor and see how the market crowds behavior shows - need to read the minds of the market as they say.
Remember, in the market, it's hard to buy at the bottom and sell at the top - in between the market is the way to go and make decent amount.
Trading/investing?😅 MRNA per the chart below.
100 shares at $108.00 3/28/2024.
Let's see in a year or so😇
Trading the above based on trend
50 shares at $134.50 3/20/2024
50 shares at $141.00 3/26/2024
Showing here a trading guide how to trade emicro futures in Tradovate, where you can put small amount ($200) to start trading and make small amount at your own time. Doing this kind of trades if you master your craft and your emotions, you can do trade for a living.
Chart below is a 5minute chart, but to get the right trade, need to monitor on multi time frame chart, say 1 minute chart to get the best entry and exit trade.
See example of trading platform.
Process of trading though take a lot of time to study and learn, but continuous reading and learning will help in the long run and patience reading the minds of the markets will get you there, though mastering one self and emotion controls is the most important.
There lots of tools and resources out there to learn, they're all there, money is always there in the market, just get some/take advantage that Mr. Market always offer, a tiny fraction from him to 'steal' is not bad😏
Weekly chart below where BTC on consolidation mode - where the best area to get involved, though after the fact, a reference where possible amount is doubled if it was taken advantage?
