NVIDIAEducation
How I Analyze Stocks Part 1
Hello followers! It has been an amazing year, I am grateful for tripling my following, being accurate on calls and puts a majority of the time and being able to interact with everyone. I have been receiving a lot of request for how I analyze stocks, how I read candles, and how I obtain different indicators. With this DIY analysis series I will explain exactly what I do when I make my analysis. These indicators help tremendously however nothing is guaranteed. Those who have been following long enough know I was right about TSLA dropping when the Odds were against it, but wrong about my ROKU short when the technicals supported it. Both are linked for reference.
Alright, time to get right into this. This has been broken up into series due to the amount of explaining I will do as I want to be as transparent as possible and help everyone be as successful and profitable as possible.
This will be listed step by step
1. The first thing I do when looking at a stock is looking at the candlestick view and I mostly use the 45min segment as I am a weekly options swing trader. The higher segments you use, the longer term you should expect the price movement and the shorter term you use will be for the shorter term such as day trading
2. The second thing I do is analyze the candles and look for trends or signals. For this example I am using NVDA and I see the latest 45min candle has a long bearish wick and a normal sized bull body. ( Candle anatomy can be learned in 10 min on youtube) Based on this bear wick I see that NVDA is set to trend down. But is that enough to bet on? Of course not, follow and check out the rest of the series to see exactly what I look for.
Alright, time to get right into this. This has been broken up into series due to the amount of explaining I will do as I want to be as transparent as possible and help everyone be as successful and profitable as possible.
This will be listed step by step
1. The first thing I do when looking at a stock is looking at the candlestick view and I mostly use the 45min segment as I am a weekly options swing trader. The higher segments you use, the longer term you should expect the price movement and the shorter term you use will be for the shorter term such as day trading
2. The second thing I do is analyze the candles and look for trends or signals. For this example I am using NVDA and I see the latest 45min candle has a long bearish wick and a normal sized bull body. ( Candle anatomy can be learned in 10 min on youtube) Based on this bear wick I see that NVDA is set to trend down. But is that enough to bet on? Of course not, follow and check out the rest of the series to see exactly what I look for.
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