norok

05:36

norok Wizard

The market teaches traders lessons every day... often times reinforcing them to seasoned traders like myself. I happened to have been in but was out of NASDAQ:SRPT before this disaster today. It's a reminder why you MUST take profits even if sometimes you feel the FOMO after you do...

norok Wizard

This week I've been watching my scans for signals that fit my strategy. I have not yet seen potential trades that fit my strategy; bullish nor bearish. Today I got two signals that fit my criteria on NYSE:PM and NASDAQ:LRCX ; shorts. PM is looking to hold a 50% level. LRCX is setting up a potential double top. I'm not yet sure of the market sentiment...

10:40

norok Wizard Updated 

So we finally got a signal today! The alert conditions of the indicator worked as intended for me and others that DM'd me. Having a signal to trade is the start but it is worthless without having a proper trade structure around it to build a strategy. To that end I have updated the indicator with an automatically drawn entry, stop, and target that can be user...

08:43

norok Wizard

In this video I combine the indicator I made for traders to identify high volatility bars and show how to confirm the signal with fundamentals related to forced liquidations. Make profit buying dips on others' losses... but don't get rekt yourself! Hope all can profit from this!

norok Wizard

Coming soon from my Lab... Part 1 of buying dips on Bitcoin based on Tradingview indicators + alerts combined with social media. Look for the video soon!

06:04

norok Wizard

This is a prequel video for a series on how to identify and buy liquidation dips in Bitcoin and other cryptocurrencies. Most aspiring traders do not have time to dig into the full process of becoming a successful trader and instead want to skip straight to making millions of dollars so this video is labeled as Part 0; it is optional. This video is for those that...

norok Wizard

I did a scan this morning of opportunities in stocks and found a setup I like in NYSE:CMG . It had a volatility spike on the open down to a 50% retracement that matches with past Daily price inflection. This could be the pullback for a retest of the high followed by a potential break. I am personally passing on this trade just to stay flat going into the New...

05:22

norok Wizard

As 2020 comes to a close I wanted to give a history lesson... one MUCH FARTHER back than just 2020. Let's look at what price has done many times over the life of BITSTAMP:BTCUSD Hopefully this can help abate some of the FOMO people are probably feeling...

norok Wizard Updated 

I've been watching NYSE:BABA over the past week as much hype has surrounded its recent fall. There has been a lot of bragging about profits made on the dip buy and if you've read my posts for long enough you know my cardinal rule, especially when it comes to options, is "if you're bragging, you should be taking profits!" I'm not one to jump in just to be...

04:52

norok Wizard Updated 

Inspired by the tradition of watching Christmas movies during the holiday season I saw to make this video to demonstrate the effects of inflation. Happy Holidays to all!

06:27

norok Wizard

I've had a lot of people reach out to me about trading BITFINEX:XRPUSD following its run up. There have been a lot of questions about leverage. You don't get to win FOMOing on leverage!

norok Wizard

Over the decade I've been following and writing about cryptocurrencies it has become a reliable indicator when "friends that don't know much about crypto ask me about crypto" that we are approaching a top. Right on November 24th I had a text message exchange with a friend I had not heard from in a long time. He asked if I was watching XRP. I am careful to not...

norok Wizard

So for those that were patient and were following my last post about ABNB I just got an alert that it finally broke the IPO day high. At this point there are different ways to structure a good trade both in terms of entry and in terms of risk. Entries: Take a breakout now... this is for the FOMO traders out there that are afraid of missing the move! (I find...

norok Wizard

Following a hold of a 50% retracement late November to retest the top of the established range NASDAQ:AAPL this week has confirmed a break of the 125 level. It has the momentum to retest the ATH with a high probability. The overall move this year did not perform a full retracement pullback to the 50% Fibonacci level. Instead it only held the 38.2%...

norok Wizard

It has finally happened as has been clear for the last month that Bitcoin would reach and then, following some volatility to stop out some greedy over-leveraged folk, break it. At this point for those asking me I urge patience and to resist the FOMO. I wrote about this eventuality back in November and cited Gold as the possible model for playing (or avoiding)...

norok Wizard Updated 

They all sure look like Bitcoin COINBASE:BTCUSD charts right now... So, what exactly is going on one might ask? The US having printed 22% of all Dollars in existence in just the past year could have something to do with all of them.

09:24

norok Wizard

As traders look forward to the year ahead some may be extremely nervous about buying stocks at all time highs. We can never know when the pullback is coming but indecision is a decision in itself so we must do something. One way to alleviate some of this trepidation is think about allocating our stock portfolios based upon volatility. In this video I take an...

norok Wizard

I was listening to an AMA yesterday from a rather popular, no-BS, trading educator whom I will not cite because of Tradingview House Rules... He spoke about "unconsciously incompetent" ideas that new retail traders have. One of which is that they chase momentum. They think that because something is UP a lot it is that much better of an investment. This is a...