Beyond Technical Analysis
Finding Orderblocks and Trading Like A BankIn this video I explain how the market moves to fulfill orderblocks & supply / demand of large institutional traders. Once you spot these levels it can significantly improve your trading results.
Please Like / Comment / Share this video with anyone that you think will find it useful.
[Trade Review]How I traded $CRM, $TLRY,$U, + psychology TALK In this video I will reviewing trades I took 6/16/2021 which were $CRM,$TLRY $SQ that were posted in a pervious video about the set up on my New Series *Set Ups For the Week Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emas, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! In the second part of this video I rant about trading phycology and use yesterdays loss as an example I hope yall enjoy!
[Trade Review]How I traded $PLTR, + TALKS ON EUPHORIA/ LOSSES In this video I will reviewing trades I took on 6/15/2021 which were $PLTR taking a small loss practicing my risk management not a problem since im confident i will make it all back. Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emas, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Make sure to leave a comment for feedback about cutting back on the trading review videos let me know guys! Will be making videos on trading phycology due to the euphoria in the market so look out!
Tutorial | CFDs & Continuous Futures ContractsThis post is a follow-up to my 15-minutes of TradingView fame from a video I uploaded last week explaining how to get real-time futures data into TradingView for charting, analysis, and demo/paper trading. Thanks for all the comments and engagement (See Link to Related Ideas).
So here's a Part 2 of sorts covering CFDs, an alternative set of products and symbols that are pretty darn close in price to the CME futures prices for stock indices and commodities.
DM me if you'd like the Watchlists I highlight in the video.
How to Determine Market Direction Using Multiple time frameIn this video I try to explain the best way to determine market direction.
Define a uptrend--- Series of higher highs and higher lows
In an uptrend your goal is to buy from a support and form a new higher high
In order for you to buy from a support, your lower timeframe must be in a downtrend
Define a downtrend--- Series of lower highs and lower lows
In an downtrend your goal is to sell from a resistance and form a new lower low
In order for you to sell from a resistance, your lower timeframe must be in an uptrend
Avoid using historical levels to fight market direction
If you can keep these rules, you will always be safe. Few is always more
Thank you and trade safe
Deleting All Drawings Past a Certain DateIf you ever receive the error, "You should delete drawings to improve performance" , how can you bulk delete old drawings, say "All drawings older than 60 days" without manually going back into all your charts and deleting them one-by-one?
This video will show you how to quickly delete all drawings in a layout older than a certain date. Hope you enjoy it!
Trade well...
---
Here's a quick checklist on running through your watchlist to delete all drawings older than "X" days:
Pull up your Layout that's giving you the performance warning
Click on the first symbol in your watchlist
Press Alt-G to bring up the GoToDate dialog
Select a date "x" days in the past you want to delete older items from and press Go to
Right-click the nearest object to that date
Select Object Tree from the menu
Scroll all the way to the bottom of the Object Tree pane
Hold Shift and click the last drawing in the list
Right-click the highlighted section and choose Remove
S&P 500: BASELINE | Investing and Trading for BeginnersIn this video I'm going over a way to start building an investment or trading strategy. Why is a strategy important? A strategy is a plan for survival in this financial world.
With me (and some* others), you'll learn that such a plan is crucial for the success of the portfolio because the main focus is TIMING. More questions arise from that but it's best to focus on one question at a time.
HOW TO: Trading the WallStreetBets Stonks with Cascading StopsHadn't seen any videos of anyone doing something as silly as this (which of course fits into the WSB philosophy) so thought I'd make a video of it and share it in case it amused or inspired anyone else.
Just something I have been having a bit of fun with over the last couple of weeks.
You could do this with any broker, but I REALLY like the simplicity of doing this all within TradingView and using TradeStation as the integrated brokerage free broker.
Note: You would not do this if you were paying brokerage.
What I do is:
1. Create a list of WSB type stocks.
2. Watch in the pre-market to see which ones are getting the attention.
3. Try and buy as early in the move as your broker allows.
4. Add a stop loss a bit below your buy price - eg 5% or so. Nice and tight.
5. As the stock price moves up, start to break down your stop loss into lots of mini stops.
Idea is that as the stock moves up, you are moving your stops up, BUT rather than one big stop that gets your whole holding exited, you can place lots of smaller stops (even place some ahead of the price) so that as volatility happens you auto exit some of your position hopefully taking profit along the way.
Rinse and repeat.
Definitely NOT trading advice. As before, it really is a silly idea, but hey its also a bit of fun for now and seems to work reasonably well for these kinds of stocks that spike big in one day and then start to equally quickly pull back.
Might be better to simply buy and hold them, but you never know when they will inevitably come crashing down, and more so which one is going to be the focus of the day.
Like and subscribe if you like it.
One of those videos you can skip through once you see the initial concept...
Power of compounding interest, but why do traders still fail ?
Hello everyone:
Welcome to this quick educational video on Compounding interest in trading.
Today I want to break down the benefits of compounding a trading account while keeping good risk management at bay.
The reason why compounding interest is so lucrative is due to investing interest on top of interest, and your trading account can grow much faster than traditional investment returns.
The important note is that, by having strict risk management rules, proper trading plan, the account can grow over time. But why do many traders fail to do so ?
Let's take a deeper look into this:
Many new/beginner traders often get involved in trading due to its profitable potential.
However, most of them do not learn about risk management, trading psychology on mindset and emotions.
They tend to over trade, over leverage their accounts in hope to double it in a short period of time.
This almost always leads to traders to blow their accounts, and re-deposit more money to “chase/revenge” their losses, and the cycle continues.
The truth is, growing the account by compounding can eventually double a trading account, but only in time and with strict risk management rules.
However, the greed, emotion and mindset often become the tread stone for the traders’ success.
It's important to understand that having a consistent, sustainable approach in trading can lead to profits and growth over time, but it's not something that is instantaneous, which is what most new/beginner traders often misunderstood.
This can be due to social media, and lots of typical trading “guru” out there promising guaranteed results and easy money.
Take a step back and think about compounding interest in time and scale. 5-7.5% return per month may not seem much for a small trading account, but it is sustainable and consistent by not over-risking and over-trading.
In time when the account is at a larger scale, a few % return with compound effect in a year can generate very sizable return and growth.
In today’s trading industry, there are many prop firms out there that allow you to trade their funds, if you can be consistent and sustainable.
Understand these firms are not looking for traders to double their larger capital, rather, to have consistent return and proper risk management.
When you can prove you can be consistent to compound a small account, then when you actually do trade a larger account, the % return would be the same.
Last Note:
Build up the right habits from the start. Your job in the beginning of trading is not to make massive returns, rather to focus on risk management, control emotion, and understand trading psychology.
Once all these are checked, then you will be miles ahead of other traders who are still struggling to understand the concept.
Any questions, comments or feedback welcome to let me know.
Thank you
Jojo
A way to become a BETTER trader!Hey all! In this video we go over a basic process that we apply which has helped us become better day traders and we are 100% sure if you follow suite you too can become a better trader!
If you enjoyed the video and found any value in it, we invite you to give us a like and commnet!
Thank you!
Tutorial | How To Get Real-time Futures Data Into TradingViewWhen you create an account on TradingView, you're pretty much set for realtime stock, forex, and crypto data. Want to know the price of Bitcoin or Apple? No problem. But futures data is a different animal. In this tutorial I demonstrate how to use a demo account from one of the integrated futures brokers to get futures quotes so that you can practice trading the futures markets using the trading features on TradingView.
Trading tips for NEW Traders or FAILING onesHey hey traders!
Its been a wild and pip moving day in all markets, from Forex all the way to stocks and everything in between!
In this video we go over a little bit of information that can help new traders and traders who have not had the best of luck in their trading!
We hope the video helps and we'll see you in the next one!
Quick little way on Identifying Key LevelsThis is a very short and easy way on how to identify key levels and why they are important
HOW TO: Find Sectors and Industries Breaking OutUsing the TradingView screener is a great way to find individual stocks that are breaking out, but how about looking for Sectors and Industries that are doing the same - breaking out - or even in a bubble.
TradingView allows us to do this very simply by BROWSING through Sectors and Industries and sorting them by performance. Super simple, super intuitive.
You can then sort stocks in the Industries you are interested in by their performance to see which ones are the market leaders in their particular industry and open and bookmark them for further analysis.
It's just a nice simple way to get a different view of what is happening in the market.
Kelly Criterion: Why YOLO Trading FailsThe Kelly Criterion is a formula that calculates the optimal bet size based on known probabilities that maximizes gains while minimizing ruin... or not getting “rekt” .
When we read social media and see infographics of "if you had just invested all your money into THIS you'd have THAT MUCH" it is tempting to dream about how rich we could be just betting BIG . Unfortunately in the real world statistics tell us that this is rarely the truth. However, statistics can tell us what we should do...
The Psychology Of Trading, Fine Line Between Success And FailureMost traders experience similar thoughts patterns and emotions on the charts. your psychology and your mind-set represent 70% of your trading performance. So smart thinking and discipline is more important than your strategy. That's why controlling it is what makes you profitable and successful.
Range of emotions that can impact your trading:
1- Doubt:
It comes after some losing trades you start doubting your knowledge and everything you know. Fight that feeling as much as you can trust your judgment and trust yourself.
2- Fear:
Also comes after some losing trades and risking too much. the best way to fight this emotion is that you should be comfortable with what you are risking and if you feel uncomfortable LOWER YOUR LOT SIZE.
3- Revenge:
An emotion that exist since the stone age. after your stop loss is hit you want to take a revenge from the market and get back your money. Well you should not take it personally at all and you should convince yourself that in the market anything can happen.
"Main Tip" WHILE TRADING LEAVE YOUR EMOTIONS AT THE DOOR