How to create a Trading View account
Never catch a falling knife (Do not buy in a downtrend)
Only buy in an uptrend
One point = pivot, two points = line, three points = trend
General Notes
In a downtrend, trendlines should be above candles
In an uptrend, trendlines should be below candles
This is my second favorite trading platform behind Think or Swim by Charles Schwab.
Sign up for a free account to save your charts
Learn how to use the Tools, Indicators, and Replay
A 200-day moving average (200MA) is a line on a chart that shows the average closing price of a stock over the last 200 trading days
Above the 200MA - enter into positions
Below the 200MA - we stay away
Using the 200 day and trendlines for entries and exits
Momentum shows us the amount of buyers and sellers in the market
Momentum will often reach exhaustion, when sellers do not want to sell anymore or when buyers no longer want to buy anymore.
By comparing momentum and price, we can find the best entries for our trade
Only trade when momentum is on your side
Learn how to use any momentum indicator to determine your entries or exits in trades
If Price is Falling, Momentum should be Falling (Decreasing)
If Price is Rising, Momentum should be Rising (Increasing)
We use the S&P 500 Index (SPY) because generally speaking stocks move in the same direction as the index
People may look at indicators differently
This concept looks to use the zero line of the MACD to identify wave patterns to stay in trades longer for greater profits
Similar to the above video, but showing a different chart and timeframe
Using the MACD Crossover as confluence for entry on trendlines or support
Using Divergence to buy and sell at exhaustion
Learn how to use support to find your entries
Learn to use the 1-HR and 4-HR to identify your entries
Remember, lower time frames = shorter trades (trends end sooner)
How to use the Replay Function in Trading View
Buying and Selling to practice your entry and exits
Learning to stay consistent
How to identify and mark resistance points
Looking at resistance/Price Targets to represent the opportunity in our trades
How to change the settings
Where to use the Fibonacci Tool
How to interpret
There will be a better video on Reward Risk is a couple days for you to view. In the meantime, this is more than adequate.
How to use our Fibonacci tool to determine our Entry, Exit, Reward:Risk, Risk Per Share, Risk Per Trade, and How Many Shares we can purchase for our trade.
Highlights
We care more about our risk than the potential reward
Our Reward must be greater than our risk
Limiting our risk allows us to be profitable even when are win percentage is less than 50%
2:1 Reward:Risk requires a 33% Win Rate to Breakeven
3:1 Reward:Risk requires a 25% Win Rate to Breakeven
Stochastic MACD, Downtrends, Uptrends
How to identify if the trade is ideal or a good trade
Here is a similar strategy as the previous, but it uses two time frames (Daily/4-HJour) to find our entries
Create your rules, Follow your rules
Watch several examples of taking profit
In this example we use a 2:1 Reward:Risk ratio ($200 wins:$100 Losses)
If you need a refresher, watch Reward:Risk to see how we determine assure that each trade has the same risk to limit our losses.
Learn how to use Finviz.com along with your personal trading strategy
How to use Finviz.com
How to find stocks based on sector performance
How to find stocks based on an index
Looking through charts to find ones that fit our trading strategy
Dollar-cost averaging (DCA) is an investment strategy that involves regularly investing a set amount of money into a specific investment, regardless of the market price. This strategy can help investors reduce the risk of investing at the wrong time, or "timing the market".
Commonly used in ROTH IRAs, Traditional IRAs, 401Ks, or Passively Managed Accounts (giving your money to an investment company/individual to invest for you and they put it into an index).