1SI trade ideas
SNAP CALLS If snap can break 15.88 resistance We are in for some big money calls all the way up to 21.67
Buying SNAP @ 13.50 for a HODL.Last time I bought this at 8 I sold at 56. Not saying past results indicate future success, but I definitely believe this to be a some what decent level to buy very small amounts of SNAP. I am not a financial advisor. This is not financial advice. This is for paper trading purposes only.
DECISION MAKING: SUPPLY AND DEMAND ZONEMaking day-to-day investment decisions is challenging enough without the added stress of trading. Whether you are a beginner or an experienced trader, the world of finance can be challenging. It’s not always easy to know whether your trading ideas are worth pursuing or not. Even experienced traders struggle to make the right investment decisions on a regular basis. This is where decision-making and trading strategy comes in. Understanding how to make the technical analysis and right trading decisions is essential in any trading career. The share market uses the technical analysis to test or forecast the price down trend or uptrend. Knowing how to determine the supply and demand zone is the critical factor in the technical analysis.
The insights of supply and demand trading
Supply and demand zones are a popular analysis technique used in day trading and considered as key indicators in the supply and demand trading. These zones are both supply zone or distribution zone and the demand zone or accumulation zone. They present the liquidity at a specific price.
Key takeaways
Markets are driven by supply and demand zones.
Investors can use supply and demand zones to make purchases or sales decisions.
The price drop begins and starts at the distribution zone.
A bearish stock displays greater supply than demand and exhibits distribution.
Buying pressure accounts for distribution, whereas accumulation reflects selling-side
pressure.
When a stock's price stops falling and starts moving sideways for a period of time, this
signals that there is accumulation and that the stock may rise.
Three NOTES for supply and demand trading
When looking for stocks to buy, the first thing to determine is whether you're in a supply or demand zone. In a supply zone, the stock's price is above the bid price, while in a demand zone, it is below. The bid price is the amount a trader is willing to pay for a stock.
Once you find the most active market supply and demand zones, you can identify the next thing you must do. You can either buy or sell depending on whether the trend continues or reverses in that zone.
Understanding rally and drop patterns is the third aspect. When you see a pattern indicating a rally, you should buy high and sell low. When you see a pattern indicating a price drop, you should sell short.
Strategies with the Supply and demand trading
To make a bright decision and set your smart strategy in trading, a trader should definitely know what current socio-economic and political conditions are. This is paramount to being a successful trader. They should look at any economic or political disruption that could affect the trading environment, or question whether there are a lot of volatility in the markets or not. If the answer is yes, a supply and demand trading strategy might be used to make a good trading strategy with the breakout or range trading involved.
When the market is stable and not extraordinary, a trading range may be used to describe it. The breakout is a supply and demand trading strategy when market conditions are expected to change.
When markets open or close, day traders may have to watch for breakout formation of rectangular ranges when liquidity or volatility are higher.
A limit order can be used to buy or sell stock at a set price. You can use price action entry to enter a position at a certain price or zone. Candlesticks are used to enter positions with price action. Using candlesticks as a strategy is more effective.
Bottom Line
There are a lot of factors that can affect your trading success and trading strategy. You need to make sure that you’re looking at the right factors when examining your data. You also need to make sure that you’re staying away from automated trading strategies. These are the two factors that are going to make the biggest impact on your trading success. You need to know where the supply is at and the demand. You should understand the factors that are affecting the market and the future support and resistance levels. This is the only way to make the correct trading decisions.
FrogAlgo: 5 Simple Ways to Control Your Emotions in TradingThe markets are emotional and so are the people who trade them. But that doesn’t mean you have to let it affect you. Instead, learn how to control your emotions and make more money. Here are five simple ways you can control your emotions in trading and make more money.
Don’t let your emotions dictate your trading
It’s important to remember that your emotions are a part of who you are as a person. But they’re not part of who you are as a trader. Nothing in trading requires you to let your emotions dictate your trades. The best traders are in a state of flow — a state of complete absorption where nothing else exists except the task at hand. In a state of flow, the only thing that matters is what you’re doing. It doesn’t matter if you’re in a down market or a strong bull market — if you’re in flow, you can’t be affected by the outside world. You can’t let your emotions get the best of you and make bad decisions because you’re on autopilot.
Set a threshold for when you’ll trade
When you get started in trading, you’re going to have a period of time where you’re emotionally charged and feel like you have to trade every day. You might have a specific time period where you’ll only feel like trading when the sun is out and the markets are up. If that’s the case, then trade when you’re in that “charged” time period — but set a threshold for just how “charged” you’ll get. Let’s say you only feel “charged” from 9 am to 12 pm — set that as your trading time window. You’ll still feel “charged” enough to trade, but not so “charged” that you make mistakes.
Train yourself to be aware of your emotions
The best traders are in a state of flow — a state of complete absorption where nothing else exists except the task at hand. In a state of flow, the only thing that matters is what you’re doing. It doesn’t matter if you’re in a down market or a strong bull market — if you’re in flow, you can’t be affected by the outside world. You can’t let your emotions get the best of you and make bad decisions because you’re on autopilot. The best traders are aware of their emotions. If you don’t know what you’re feeling, you can’t let your emotions get the best of you and make bad decisions. The more you know about your emotions, the more in control you’ll be and the more money you’ll make in the markets.
Know the difference between a trade and a position
In trading, every position is a trade. It’s just a matter of how much money you’re putting at risk. The most important distinction is between a position and a trade. If a trade occurs when you risk a set amount, a position just happens when you risk an amount that’s less than what you’re long or short. What’s important is that you keep track of both your position and your trade. You might think a trade is only 1 or 2 shares. But if you end up adding to that position, then you actually have a position that’s thousands of shares. Your position is what you have, but your trade is how much you risked.
Find a good trading mentor
The best way to learn new skills is to have an expert show you how to do them. Trading is a lot like golf — you’re better off with an experienced teacher than trying to learn from reading books. A good mentor is someone who will help you build your skills as a trader. They won’t just tell you what to do — they’ll show you how to do it. They’ll help you develop the skills of patience, discipline, and the ability to be in the market even when the market is not in your favour. A good mentor will also be someone who shares your same passions and interests. A good mentor is someone who shares the same passions as you — someone who likes the same things you like. Being in the same place in life helps — but don’t let it stop you because it’s the best way to learn.
Conclusion
Emotions play a big part in trading, but they don’t need to dictate your trading. The best traders are aware of their emotions and know the difference between a trade and a position. They also find a good mentor and use them as an expert to help them build their skills. When you control your emotions, you’ll make better decisions in the markets and increase your profits. And the best part is that once you have the skills, you can trade anywhere in the world.
SNAP $10 in sightSnapchat has fallen ~80% from all time highs, slipping below $15 support. A short to $10 looks nice from the current level.
SNAP Longer Term Buy and HoldSnap lost over 80% since September 2021.
Recent price drop..they basically said they won't make earnings.
Support zone between $4.90-$8.00. If price drops below the $4.90 price it might start getting sketchy.
If we see a gap fill, I expect to see some resistance going through $27 zone.
Ultimately I can see the stock go between $40-$48 long term.
I'll probably be buying in and checking on price over the year while snagging more and more. But I don't expect anything huge soon. It'll be a slow crawl in '22 and picking up steam in '23.
Already bought some at $14.22..
SNAP SNAPCHAT BUY NOWAccording to my chart analysis , Snap Snapchat Show strong signal to buy , buy max as you can .
$SNAP in the gap$SNAP was the worst performer social media stock this week after it lowered guidance for the current quarter. Yesterday it managed to enter the recent gap as the price moved above $14.57. As long as this level holds, one may try a long swing position if the overall market continues to grind higher.
SNAP $ ALERTwe will see a strong support above the 8$ if we continue to go down, and above the 20$ is our current resistant and breakout zone to confirm the bullish momentum and reversal from the bearish trend , cause that will break our ascending line , that started forming since last year October .
SNAP elliotwave updated 26/May/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaimer
SNAP Inc. Buy: GAP PlayUs it time to go long and shoot for the Monday/Tuesday GAP ($21.71-$14.57) in SNAP Inc.? Perhaps.
It looks like the short-term bearish push may be over Here's the trade:
1) A market buy from $14.50
2) Profit Target, $17.00
3) Initial Stop Loss just beneath $12.00
4) Payoff is 1:1 for $2.50 (17.2%)
Snap, IncSnap, Inc. operates as a camera company. Its flagship product, Snapchat, is a camera application that helps people communicate visually with friends and family through short videos and images called Snaps. The firm's primary source of revenue is advertising. Snap was founded by Frank Reginald Brown IV, Evan Thomas Spiegel, and Robert C. Murphy in 2010 and is headquartered in Santa Monica, CA.
SNAP - Bearish pennantBearish looking pennant has formed since Feb, but the volume looks constructive for at least one more upshot at 40s.
One of the better looking growth charts...should money rotate into growth names at some point.
Trend is clearly down, and price below all key moving averages, so bears have control until picture changes.
Break below could test 25, which was the post covid breakout. I would wait for either consolidation above 34 or to breakdown to 25 and see how price acts there.
For now, do nothing
SNAP will close the gap and go lowerFor the next month SNAP will find the bottom, but close the recent gap first
In Juli a new bull run will begin
$SNAP Long Opportunities at Monthly Demand ZonesSNAP has had quite the pullback with a lot of other names lately. The areas in green are areas of monthly demand where a long position can be built. Currently we are trading into and just above the first major area and also within the Market Maker Discount zone.
Snapchat Tom DeMark 13 Count Bearish ReversalAfter a successful reversal off of a 13 count, we have reach a long target zone.
Waiting for confirmations on smaller time frames before entering any trades, it is very volatile.
SNAP approaching support SNAP had taken a header this morning. From a technical perspective, I'm seeing viable support between $13.00 ascending - $11.00 descending structures.
$SNAP to $14-22I'm not sure what will happen with earnings tomorrow, but even if it's positive, the highest that I see snap going is to retest the top of the bear flag around $40-41 (or on an extreme move, a wick to $43).
After that, I think it sets up a reset of the RSI to fall lower. I think we'll likely see $SNAP in the $14-22 region over the next few months.
