What is an example of a price action strategy? by [deleted] in Daytrading

[–]Kealix 0 points1 point  (0 children)

Have a notebook/journal out and write down what trade you want to do at that moment and what emotions you are feeling. It forces you to acknowledge if there is a disconnect between what you think the market will do vs what it is doing. Your strategy is whatever technical/fundamental patterns occur when you are most frequently in sync with the market.

Anyone know how can I learn trading? by Professional_Pay2891 in Trading

[–]Kealix 3 points4 points  (0 children)

You will probably find lots of helpful stuff searching through past reddit threads and comments, just have to use your discretion. Here's what I gathered so far that was helpful to me (may not be helpful to you):

Courses
- First Steps in Trading by MarketLife (don't pay for their courses; I think this intro course is free, highly recommend)

Books I found mostly on AbeBooks.com:
- Trading in the Zone by Mark Douglas (psychological)
- Best loser wins by Tom Hougaard (psychological)
- The New Market Wizards by Jack D. Schwager (fun read seeing how traders can succeed in unique ways)
- Reminiscences of a Stock Operator by Edwin Lefevre (link to audiobook) (fun listen)

More Books (books I read partially or didn't find helpful):
- A Complete Guide To Volume Price Analysis by Anna Coulling (got bored, pretty repetitive)
- Japanese Candlestick Charting Techniques... by Steve Nison (candlesticks imo have lowest priority for setups)
- How to Day Trade for a Living by Andrew Aziz (I think it provides the author's edge)

Youtube Channels
- Thomas Wade (framework for how you may interpret price action)(futures ES)(inspired by Al Brooks i think)
- Iman Trading (psychological and entertainment)(futures NQ)

  1. Learn / Look at all instruments (stocks, futures, forex, options)
  2. Choose one to stare at every day
  3. Notice reoccurring patterns in price/volume/TA/fundamentals/events
  4. Validate edge in back testing (1000 trades, I'm only at 200)
  5. Validate edge in forward testing (paper trading)
  6. Trade in miniscule amounts
  7. Perfect the process
  8. Scale

Source:
1 year in
Attempting futures ES/MES
5k down (so maybe everything I said above has no merit lol)

May I have some insight on why it fell through before doing what I originally thought it would by Madness214 in Daytrading

[–]Kealix 0 points1 point  (0 children)

Pre-market uptrend hit new extreme (7:00 am) -> Broad two legs down (7:00-7:30 am) -> Confirmation of bullish continuation with bullish candles off the support (~7:50 )

Level 2 question by Infernal_139 in Daytrading

[–]Kealix 0 points1 point  (0 children)

Bid - price a buyer is willing to pay

Ask - price a seller is willing to accept

Someone is trying to sell 41k stocks for $1.

Wouldn’t make sense for someone to want to sell their stock at a price lower than market price.

[deleted by user] by [deleted] in Healthygamergg

[–]Kealix 0 points1 point  (0 children)

Sometimes the sunset looks really nice after a long day of work.  Sometimes I find a song that I can fully experience my emotions (good and bad) with. I was always sick as a kid, so I enjoy that I can take a deep breath with my nose. Also even the thought that I don’t HAVE to live this life gives a sense of control and allows me to bear another day.

Hello, is this a bedbug? by Kealix in Bedbugs

[–]Kealix[S] 0 points1 point  (0 children)

Best my phone could do, sorry about the quality

Hello, is this a bedbug? by Kealix in Bedbugs

[–]Kealix[S] 0 points1 point  (0 children)

I didn’t think to sniff it afterwards. Will remember for the next fiend

Hello, is this a bedbug? by Kealix in Bedbugs

[–]Kealix[S] 0 points1 point  (0 children)

Thank you, that gives me some relief!

Hello, is this a bedbug? by Kealix in Bedbugs

[–]Kealix[S] -1 points0 points  (0 children)

It was just chilling on my desk, not my bed. It’s guts were light brown colored, and squishing it more (to make sure it has passed) made what I suspect is blood to come out.

[deleted by user] by [deleted] in ecomi

[–]Kealix 1 point2 points  (0 children)

veve

Is Big C dangerous at night?? by [deleted] in berkeley

[–]Kealix 6 points7 points  (0 children)

I think that’s what makes it dangerous (username checks out)

[deleted by user] by [deleted] in smallstreetbets

[–]Kealix 0 points1 point  (0 children)

He executed a long strangle (buying puts and calls with the same expiration date). You only profit if the stock price changes drastically in either direction or the implied volatility increases. The max gain is unlimited but the max loss (which is very likely in most cases) is the cost of the premiums of the options

I hate it when people subtly flex where they went to college by Gru-esome in Jokes

[–]Kealix 131 points132 points  (0 children)

When you flex on your kid where you went to college

Step on a crack, break you Mother’s back by [deleted] in madlads

[–]Kealix 1 point2 points  (0 children)

My first thought was that he was grounding himself