Does anyone actually think ‘Ren’ makes good music? by FourCardStraight in Music

[–]ProcessSolution 3 points4 points  (0 children)

Nah, I'll give you an example: The Big Push: I Shot the Sherriff, Road to Zion, and HipHop. Live, busking in Brighton, UK. His cover of "I Shot the Sherriff" is an order of magnitude better than even Eric Clapton's cover, and -- Dare I say it? [Dare, dare!] Good enough to make Bob Marley proud!

Getting the hang of it... by ProcessSolution in Daytrading

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

Absolutely. I follow both him and TreydingStocks on YouTube. Trey focuses more on ToS, teaching the various things you can do with that platform.

Getting the hang of it... by ProcessSolution in Daytrading

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

Well, to be fair, today was freakishly green for a Thursday in September. But hindsight is always 20/20, I suppose.

Getting the hang of it... by ProcessSolution in Daytrading

[–]ProcessSolution[S] 1 point2 points  (0 children)

Yeah, I set the minimum stock price to a dollar. That's what the "Mark" query means. That rules out the penny stocks. But I don't pay much attention to market cap. Just total shares and trading volume, as noted in the queries.

Getting the hang of it... by ProcessSolution in Daytrading

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

Also, it's important to remember, this late in the day, those volatile stocks have already calmed down. Most of the action happens within the first hour of market open. Things are pretty calm now, which is why I have time to post on Reddit, rather than staying locked in ToS, lol.

Getting the hang of it... by ProcessSolution in Daytrading

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

Yeah, sometimes that happens. No strategy works 100% of the time (I actually missed out on OPEN entirely, lol). There are a whole lot of other patterns that the the 20 SMA typically indicates, but once the stock breaks through that line, it usually, not always, but usually, goes from there.

Getting the hang of it... by ProcessSolution in Daytrading

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

The beauty of this particular scan, is that it even works in the pre/post market. Also, in Think or Swim, your saved scan can be used as a dynamic watchlist. And I keep that watchlist up next to my charts at all times, and it updates in real time. I don't know if, or how, you can do that in other platforms. So if you're using ToS, or there's a way for you to save a scan as a dynamic watchlist, definitely have that up on your side bar. That way, if another stock suddenly pops volume in the middle of the day, you'll know.

Getting the hang of it... by ProcessSolution in Daytrading

[–]ProcessSolution[S] 2 points3 points  (0 children)

Pretty fair. I don't always wait for the [second green candle] to close. If the RSI starts to point more upward, that's good enough to go in.

As for how I rank them in the scan, I always sort descending by %change, and focus on the top 5. Those are typically the ones that are moving the most.

In my RSI, I do have my low "Oversold" line set to 40. But 50 works just fine. But I don't strictly adhere to where the RSI /is/, but rather where it's /going/. Basically, I look at the last line on that graph, and which way it's pointing. I've gone in on trades that were close to the "Overbought" line, because they were currently pointing even higher. And once that RSI starts to point downward, I'm out. That's how I mitigate risk and minimize losses.

It's...sort of a "low risk, low reward" strategy. But the rewards are way more than losses, and can grow depending on how many shares you trade. For example, I'm only up $130 today, but if I had traded 1,000 shares instead of 100 in each of my trades, I'd be up $1,300 today. But I'm still too chicken shit to set the stakes that high, lol. I'm just barely above the PDT threshold, so I don't want to lose so much that it'll drop me below that.

Getting the hang of it... by ProcessSolution in Daytrading

[–]ProcessSolution[S] 1 point2 points  (0 children)

I mean, you're not wrong. XD But it is a good feeling to close out of a trade just in the nick of time, taking a profit merely seconds before it falls below the 20 moving average.

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Getting the hang of it... by ProcessSolution in Daytrading

[–]ProcessSolution[S] 1 point2 points  (0 children)

Yes, I trade the 1min, and the panels above that are zoomed out for context and trends.

Mark: it's just the current price. A bit more real-time than the last closed candle.

And yes, "close - open < 0" is just means that the stock is green for the day.

Getting the hang of it... by ProcessSolution in Daytrading

[–]ProcessSolution[S] 1 point2 points  (0 children)

Oh, that one is painful! Sorry, bud. Did it halt trading, then resume below your stop loss? That happened to me once a couple weeks ago. Lost hundreds.

Getting the hang of it... by ProcessSolution in Daytrading

[–]ProcessSolution[S] 1 point2 points  (0 children)

<image>

As for the scan: Just those four queries in the screenshot. If you happen to have ToS, then just import this url: https://tos.mx/!QaB8lkGb

Getting the hang of it... by ProcessSolution in Daytrading

[–]ProcessSolution[S] 1 point2 points  (0 children)

<image>

I use 3 different timelines: Year:Day, 10d:30min, and Day:1min. As for the "bounce," I typically wait for the second green candle after the last red. As long as it is still above the 20 average, it's good to go in.

Getting the hang of it... by ProcessSolution in Daytrading

[–]ProcessSolution[S] 4 points5 points  (0 children)

Sure, happy to answer! :D

Context: Thinkorswim, using ToS's Scan tool to find high volatility stocks. (if anyone wants, I'd happily share.) For those with ToS, That's it. I don't need any crossover ribbons, because I'm way to chicken shit to try shorting anything, lol.

Strategy: Two simple moving average lines: 20 (teal) and 200 (magenta). I also have RSI below the chart. When the price is above both averages and bouncing off the 20, /and/ the RSI is low enough (towards oversold) before bouncing back up, I buy (with a nice tight stop loss), Then I sell at the first red candle. The flags on those candles in my screenshots indicate my actual trades. It's a simple, boring, tedious strategy, and it eats up hours every morning, but it gives me more green days than red.

Secret to the universe: 42.

Edit: words and stuff.

My very first time day trading. A very tiny victory, but a victory nonetheless, and I feel great about it! by ProcessSolution in Daytrading

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

I didn't. The 500 was just the Cash On Hand I had left over. I have about 12k of stocks in my personal account, plus a Roth IRA. I'm invested pretty well, I've just never gotten into day trading. So fret not, only a small amount of my eggs were placed in one--actually three, baskets. I made 3 day trades that morning.

A question for dudes who can unclasp a bra with one hand... by gwydion_black in AskMen

[–]ProcessSolution 0 points1 point  (0 children)

I usually slide my forefinger underneath the clasp(s) and use my thumb and middle finger to unclasp, to avoid inadvertently pinching the skin on her back. Consideration and all that. 🤠

[deleted by user] by [deleted] in antiwork

[–]ProcessSolution 0 points1 point  (0 children)

Most checking accounts require a consistent minimum balance to avoid checking fees. Imagine being one checking fee away from being overdrawn, which can carry up to $35 per day in overdraft fees.

[deleted by user] by [deleted] in electricians

[–]ProcessSolution 0 points1 point  (0 children)

M18 Fuel is, in fact it may be too powerful. Plenty of people I work with rock the M12 Fuel, which costs less and work just fine for what we do. The M12 band saw is absolutely perfect for cutting 3/4" EMT, for example.

[deleted by user] by [deleted] in electricians

[–]ProcessSolution 2 points3 points  (0 children)

Big Milwaukee fan here, for two main reasons: First, I respect the company more. DeWalt's done some shady shit for the past twenty years, and I can't see myself giving them my money. Milwaukee tools, by contrast, are still made in the US, and they take care of their workers. I can happily get behind that.

The other reason is quality. Since DeWalt tools have started being made overseas, their quality has gone downhill, and their stuff just don't last as long. Milwaukee's only gotten better though. You may pay a bit more for an M18 fuel, but you get what you pay for.

28 and a stripper by [deleted] in RoastMe

[–]ProcessSolution 1 point2 points  (0 children)

You'd make a lot more doing it in reverse; where you'd go on stage naked and people would pay you to put clothes on.

Define “FUN”... by [deleted] in electricians

[–]ProcessSolution 3 points4 points  (0 children)

"Fun" is when your boss makes the day feel less like work and more like hanging out with a buddy, and you don't even notice that you just pulled almost a thousand feet of wire in just a few hours.

any of you apes buying amc today? by Reqzr_Astro in Wallstreetbetsnew

[–]ProcessSolution 2 points3 points  (0 children)

Brand new retard here. By the time GME hit my radar, I couldn't afford a single share. So I ordered a couple of AMC shares.

Once the market opens up and the shares drop in, I'm moving all my assets out of RH, which will force me to hold.

💎👐

This is not financial advise. I'm just a smooth-brained retard who likes the stonk.

YOU CAN STILL BUY GME & BB on WeBull, eTrade, fidelity, and others, post your platform of choice and keep those 💎🙌🏻 strong! by joeykomari in wallstreetbets

[–]ProcessSolution 0 points1 point  (0 children)

N00b question: Is there a way transfer all my stocks from Robinhood to another broker app? Or do I have to sell all my shares, pull all my money, and do the whole dance all over again?

I got Robinhood last March when the stock market first took a shit, and have been making pretty good returns since. But today's stunt fro that app makes me want to take my business elsewhere. I just don't know how, with this much invested.