You're 100% correct which would actually be a fascinating discussion to have on a separate thread. I think we all agree we're still in a bull right now so no better time than the present to start this. What do you think?Mostly Foggy Recollection said:
A lot of retail doesn't know how to scale in while dips/corrections are taking place.
Having a plan for money and it's flows at certain levels (should they be breached) is the best course of action.
The problem is, most of the under 40 crowd (This is my age group) is a fly by the seat of their pants type and hasn't orchestrated and executed a bear/sideways plan in their 'investing' careers.
Most idiots can make money in a bull market. Those numbers go down by half to 2/3 in a sideways market. It goes down to ~10% in a full on bear market. I paper traded at first in a bear market in the early 2000s. It's not simple and you have to be dedicated to your plan.
$30,000 Millionaire said:
we need to hit 3650 for fear. I still think this is energy for 4,400.
MaroonDynasty said:
Hey guys, what are the chances of a gap fill on AMD?
It feels like there are a few popular stocks in this situation.
CrazyRichAggie said:
I can't decide if that's satire or a legitimate video
Bumping this post from 1055 this morning where I responded to jimbo9821 about his take on the 1m chart for NIO. Not doing it to pick on jimbo nor to pat myself on the back for what turned out to be the correct response. We spend a lot of time on charts on this thread and timeframe choice can dramatically change how a chart reads. In this case jimbo felt like he was seeing a squeeze on the 1m chart so I posted the 10m in response. The 10m told a much more negative story.LOYAL AG said:Minute charts can be extremely deceptive. Here's the 10M:jimbo9821 said:
Keep watching it. Looks like its getting squeezed... maybe?
I agree that volume has dried up by that's not a chart I'd buy into right now. My $.02. I'm not in and won't be this week.
I use 1 min charts all the time for intraday trades but not absent of 5,10 and hourly for overall. Those time frames are also for intraday. 1 min for me are almost exclusively options trades. I will on occasional see a share entry but it's supported by longer timeline trends lines predrawn that intersect within the 1 min or short timeline view.LOYAL AG said:Bumping this post from 1055 this morning where I responded to jimbo9821 about his take on the 1m chart for NIO. Not doing it to pick on jimbo nor to pat myself on the back for what turned out to be the correct response. We spend a lot of time on charts on this thread and timeframe choice can dramatically change how a chart reads. In this case jimbo felt like he was seeing a squeeze on the 1m chart so I posted the 10m in response. The 10m told a much more negative story.LOYAL AG said:Minute charts can be extremely deceptive. Here's the 10M:jimbo9821 said:
Keep watching it. Looks like its getting squeezed... maybe?
I agree that volume has dried up by that's not a chart I'd buy into right now. My $.02. I'm not in and won't be this week.
This is the rest of the day for NIO with a red line at the point in time I posted the 10m:
Again not picking on jimbo at all just an interesting lesson for the newer traders and perhaps a reminder for the more experienced ones. Timeline choice can dramatically impact how a chart looks. In this case NIO was at $36.56 when I posted and it closed at $35.21 then fell a bit more in AH.
I think my general rule is that I avoid the 1M almost entirely and the 5m isn't much more useful. I really like the 10m if I'm following a stock intraday and the 15m and 30m if I'm doing 5-day analysis. About the only use I have for the 1m is when I've got a call sale that's above the current price and I'm "cheerleading" for the stock to get there and give me my money. For actual trades unless you're an intraday trader where you're in and out in an hour or less I'm not sure I'd rely on it.
Love this response and this is why we all love this thread. Well that and the effort to work together to make some money. I love that we've just gotten a good explanation of when a 1m chart has value for someone that trades in a style I don't which is intraday options.FJ43 said:I use 1 min charts all the time for intraday trades but not absent of 5,10 and hourly for overall. Those time frames are also for intraday. 1 min for me are almost exclusively options trades. I will on occasional see a share entry but it's supported by longer timeline trends lines predrawn that intersect within the 1 min or short timeline view.LOYAL AG said:Bumping this post from 1055 this morning where I responded to jimbo9821 about his take on the 1m chart for NIO. Not doing it to pick on jimbo nor to pat myself on the back for what turned out to be the correct response. We spend a lot of time on charts on this thread and timeframe choice can dramatically change how a chart reads. In this case jimbo felt like he was seeing a squeeze on the 1m chart so I posted the 10m in response. The 10m told a much more negative story.LOYAL AG said:Minute charts can be extremely deceptive. Here's the 10M:jimbo9821 said:
Keep watching it. Looks like its getting squeezed... maybe?
I agree that volume has dried up by that's not a chart I'd buy into right now. My $.02. I'm not in and won't be this week.
This is the rest of the day for NIO with a red line at the point in time I posted the 10m:
Again not picking on jimbo at all just an interesting lesson for the newer traders and perhaps a reminder for the more experienced ones. Timeline choice can dramatically impact how a chart looks. In this case NIO was at $36.56 when I posted and it closed at $35.21 then fell a bit more in AH.
I think my general rule is that I avoid the 1M almost entirely and the 5m isn't much more useful. I really like the 10m if I'm following a stock intraday and the 15m and 30m if I'm doing 5-day analysis. About the only use I have for the 1m is when I've got a call sale that's above the current price and I'm "cheerleading" for the stock to get there and give me my money. For actual trades unless you're an intraday trader where you're in and out in an hour or less I'm not sure I'd rely on it.
1 minute charts however, like you, never determine for me where a stock is in the overall trend.
I also probably look at 1 minute charts more than anything as it relates to volume spikes. I do want to see short time span volume and price concentration.
Daily is my primary for overall trends followed by hourly on multi day view.
Raise you're hand if you read those two lists with a nervous feeling, worried you'd see PLTR on the "sold" one!CrazyRichAggie said:wazzaa said:
$SKLZ ER drops on the 10th. I'm holding out for now...
This guy shows the large amounts of puts days before the scam report
Cathie in SKLZ. Hopefully these 3/19 calls pay!!
LOYAL AG said:You're 100% correct which would actually be a fascinating discussion to have on a separate thread. I think we all agree we're still in a bull right now so no better time than the present to start this. What do you think?Mostly Foggy Recollection said:
A lot of retail doesn't know how to scale in while dips/corrections are taking place.
Having a plan for money and it's flows at certain levels (should they be breached) is the best course of action.
The problem is, most of the under 40 crowd (This is my age group) is a fly by the seat of their pants type and hasn't orchestrated and executed a bear/sideways plan in their 'investing' careers.
Most idiots can make money in a bull market. Those numbers go down by half to 2/3 in a sideways market. It goes down to ~10% in a full on bear market. I paper traded at first in a bear market in the early 2000s. It's not simple and you have to be dedicated to your plan.
OK, give me a couple of days and I'll start the thread later this week. Full disclosure this is an area I'll be looking to learn a ton as well. My trading career started in 2012 so I've really not navigated a true bear either. I have some bearish strategies that I'll employ if we really go that direction but I'm confident in saying that guys like OA, Mostly Cloudy and FJ are more experienced in this area than I am. I'm good in anything from a bull (aren't we all) to a few percent negative but a true elevator ride down is foreign territory for me.Tomas Hermensa said:LOYAL AG said:You're 100% correct which would actually be a fascinating discussion to have on a separate thread. I think we all agree we're still in a bull right now so no better time than the present to start this. What do you think?Mostly Foggy Recollection said:
A lot of retail doesn't know how to scale in while dips/corrections are taking place.
Having a plan for money and it's flows at certain levels (should they be breached) is the best course of action.
The problem is, most of the under 40 crowd (This is my age group) is a fly by the seat of their pants type and hasn't orchestrated and executed a bear/sideways plan in their 'investing' careers.
Most idiots can make money in a bull market. Those numbers go down by half to 2/3 in a sideways market. It goes down to ~10% in a full on bear market. I paper traded at first in a bear market in the early 2000s. It's not simple and you have to be dedicated to your plan.
Yes, please. I think a Successfully Navigating a Bear Market thread would be great! Is there a way to paper trade simulations from certain time slices?
LOYAL AG said:Bumping this post from 1055 this morning where I responded to jimbo9821 about his take on the 1m chart for NIO. Not doing it to pick on jimbo nor to pat myself on the back for what turned out to be the correct response. We spend a lot of time on charts on this thread and timeframe choice can dramatically change how a chart reads. In this case jimbo felt like he was seeing a squeeze on the 1m chart so I posted the 10m in response. The 10m told a much more negative story.LOYAL AG said:Minute charts can be extremely deceptive. Here's the 10M:jimbo9821 said:
Keep watching it. Looks like its getting squeezed... maybe?
I agree that volume has dried up by that's not a chart I'd buy into right now. My $.02. I'm not in and won't be this week.
This is the rest of the day for NIO with a red line at the point in time I posted the 10m:
Again not picking on jimbo at all just an interesting lesson for the newer traders and perhaps a reminder for the more experienced ones. Timeline choice can dramatically impact how a chart looks. In this case NIO was at $36.56 when I posted and it closed at $35.21 then fell a bit more in AH.
I think my general rule is that I avoid the 1M almost entirely and the 5m isn't much more useful. I really like the 10m if I'm following a stock intraday and the 15m and 30m if I'm doing 5-day analysis. About the only use I have for the 1m is when I've got a call sale that's above the current price and I'm "cheerleading" for the stock to get there and give me my money. For actual trades unless you're an intraday trader where you're in and out in an hour or less I'm not sure I'd rely on it.
I'd be curious to see what folks consider as their portfolio allocation just in general. You mention moving to potentially only trading SPY and it made me wonder how some of you guys are structuring your plans and how often you step back and rebalance to get back to goals? Seems like some of you might have multiple accounts to help with this instead of just allocations within a single brokerage.Mostly Foggy Recollection said:
I am onboard 100%. Trying to think about how to describe a plan on here is going to be tedious but I guess we can take it a few chunks at a time.
By the way, cash is a position. Also, I was speaking with FJ today and I've kicked the curb on only trading SPY. I've averaged about a 3-5K profit per day the last month scalping/swinging SPY zones
The more focused you are, the higher likelihood of making money IMO.
Ragoo said:
What is Apple's growth story the next few years? I think the roll out is more about chasing yield versus growth.
Jet Black said:
Or FUBO.