I watched these guys' day trade the US stock market live on YouTube. What did I learn? 1. They talk non-stop. 2. They track the news. 3. They watch the premarket. 4. They show their trades. 5. They announce both their wins and losses. 6. They talk about missed trades (Tilray) without emotion. 7. They talk about selling too early but feeling ok because they are following their rules. What might not work for me? I'm not a day trader but a daily trader. Still, there is something to learn. I will be watching these day traders again... Coz they might be doing the homework for me. That's TraderTV Live... https://m.youtube.com/watch?v=7IqkUKdKKis ~ the rookie trader PS: What happened? - Boring day. What worked? Why? - RIG up 6.20% but the overall gain is only 2.80%. There isn't any news. What did not work? Why? - Latest stock (AG) in but watch list went up (+4.88%) while holding stocks go down. What did you learn? - I could have just bought...
Volume shows crowd sentiment as price bars carve out patterns that predict a bullish or bearish outcome. Volume supporting price action creates convergence , adding reliability to directional signals. Opposing action creates divergence , warning that market forces are in conflict, with one side eventually taking control. OBV generates more actionable signals than the green or red volume histograms commonly found at the bottom of price charts . OBV hits a new high while the price tests resistance: bullish divergence, predicting the price will break resistance and surge higher, playing catch-up. The price hits a new high while OBV grinds at or below the last resistance level: bearish divergence, predicting the rally will stall or reverse. OBV hits new low while price tests support: bearish divergence, predicting the price will break support and surge lower, playing catch up. The price hits new low while OBV grinds at or above the last s...
What stocks to buy? Buy DJIA and S&P500 stocks. undervalued PEG less than 1.5, uptrend above 200MA, when going down and about to bounce... https://finviz.com/screener.ashx?v=111&f=fa_peg_u2,idx_sp500,ta_perf_1wdown,ta_sma20_pb,ta_sma200_pa&ft=4 Double confirm for UNDERvaluation here... https://simplywall.st/dashboard Buy if undervalued more than 30%. Experiment - Scroll through yahoo stock chart from 1 day to 15 min interval to forecast supertrend signal. 👉 AXP. 26.9% undervalued. Supertrend is not ready. Which stock to sell? ...or stop loss. Check for OVERvaluation here... https://simplywall.st/dashboard Sell when overvalued. 👉 Nothing currently to Sell. Until tomorrow. May the markets be with you! ~ The Rookie Trader PS: I would like to thank the following... For the charts... https://finance.yahoo.com/ For all in one... https://j.moomoo.com/00gxKc For the sc...
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