HOW TO START TRADING STOCKS IN ONE EASY STEP! On the Radar for Nov 17th
do you know what the one big question i get when i introduce myself to people who don't know me and i tell them i teach people how to trade stocks and options and i do that you know one because i love it the one question they ask over and over again i'm going to reveal it later on in today's video it's time for on the radar we'll be covering a couple of stocks we'll cover the indexes and also i'm going to answer that question which is how do i get started trading stocks so first time you join us on youtube please subscribe hit the bell and they say you're not supposed to say that but what the heck um and also leave comments let me know how i'm doing thumbs ups are always good and share our videos because they are valuable aloha let's get started okay well there's the bell the session is closed for the 17th of november 2021 uh we'll check to see the market was doing i won't say i'd call it a sell-off but it certainly appears to be at least uh i won't say stalling in place but kind of stalling in place so let's get on to today's session so we can say what's happening with the indexes uh and answer that question we answered ask in the intro so the spiders what's going on with the s p as you can see the s p is looking fairly there you go it drove up after pulling back last week uh this was um wednesday of last week it rebounded and went all the way back up and tested the highs now today what's happening we're getting kind of a uh we'll have to call that a bullish correction of bearish harami on the small body inside of yesterday's candlestick what does that mean well a couple of things it could mean one is we're getting some negative divergence here the tsi is kind of running sideways the and i'm not going to talk about stochastics right now we're looking at implementing some of the stochastic uh triggers in uh comparing it with the other momentum shifts uh just as an extra clue but again we trade off of price action not the uh not what the uh not what the uh indicators show us indicators are just basically for confirmation only so what are we looking at you know basically still growing up uh the the downtrend has not been broken we but however we did get up into the past resistance and it stopped we couldn't go any further basically that is a brick wall that until it is broken we are not going to be going any higher with the uh with the s p so that's what we've got going with the s p what about the the q's okay nasdaq similar type situation pushed up didn't quite make it up to the past highs but as you can see nice little pull back into wednesday of next last week then thursday friday monday tuesday wednesday but we push higher and then we're closing with what a spinning top doji uh which is a sign of of indecision and or time to rest this could also be reflective of a a doji sandwich that that steve bigelow talks about where price action will oftentimes come in put in a a just a basically a day of rest and then take off from there if this is a doji sandwich we'd expect the next green candle immediately following it to be about the same range as the one from tuesday what else are we looking at summary type situation where we're getting the tsi crossing back up and bouncing off the zero line i'm sorry the market forecast tsi did cross up to the upside but as you can see it's kind of stalling out we always want to look at our uh our once we had a powerful move like this pull back and then here is the next rally attempt where is it going as you can see the next rally attempt is only getting back up to the around the past highs if we stall out there then anticipate a move back down to a lower level and what we may get is you know a one uh one leg down two legs down rally back up three day legs down and then i would anticipate we could get all the way back down to here but we're running out of year if we're gonna have a end-of-year rally it it basically we've got two weeks left about two weeks left in uh no one and a half weeks left in november and then we get into december so price action just you know are is looking okay the thing that kind of spooked the market today was the the concern over what over inflation and so we'll see if that continues to be the case there's a lot of moving parts out there in the uh the economy and there's a lot of moving parts on the market you know it tends to be a a market of stocks and we're going to be looking at one of our trades that we put on a couple of three or four weeks ago in atkr and i'm also going to be looking at what's going on with bitto is it time to buy into bitto at the current low what kind of pattern are we putting in what can we compare it to uh moving on what about the russell rust fat are really not again russell broke out a couple of weeks ago from this trading range as you can see that dotted line right there at the 234 53 level is that range so we're going to pull back into the breakout area it may not go any further than it's at right this moment in time it may drop down here to the 34. any type of a pullback into these areas then could result in a a turnaround and move higher a couple of different ways to look at trading this one wait and see if we go down a little bit further the tsi is saying yeah i may want to go down a little further what's going to happen when it gets down about the zero line which is often a turnaround area and t is on the market forecast you can see just slightly cross through the upper reversal zone at the 80 at the 80 point and i'll be looking for some kind of a reversal signal again it will probably happen intraday so i'm i'm not going to really trigger into a trade on this i will have some alerts set if i drop down to 232 ish uh or even look to trade tna but where do i want to trade tna i want to trade tna if it gets down below the 100 dollar mark if i get down to about 99 bucks then i'll look for a reversal back up to the upside with the you know what's showing on the tsi right now uh i want to wait for that momentum reversal on also to show up on tsi but it will typically show up first as a reversal candlestick followed by then a momentum reversal on the uh of the indicators if however we get a and let me show it to you it was called a three two line cluster on the market forecast where both of the uh short term and uh micro momentum lines drop into below the 20 level right there that would be a two line cluster and the rule on two line clusters and three line clusters is once they happen we're looking for a reversal back to the upside between one and five trading periods this is a weekly chart we're looking for it between one to four excuse me if i said three but one to four trading periods after that that reversal can start though at a lower level so we never want to try to fade a position especially when it hasn't shown us it's ready to reverse with the reverse to the upside with the uh price action price action so that's what we've got going on there nice little pullback though excellent pullback the uh get rid of the drawing drawing let's grab here and grab a we can take this as a flag line and why am i doing this on the the the uh russell or iwm or tna in this case why am i doing it this on this is that typically traditionally and i'll do let's go to iwm because that is the non-leveraged etf similar type situation draw a line across the top there typically during the final um the the the christmas rally that happens typically every year around christmas time um the russell normally runs at a larger percentage gain than the other indexes again that is the seasonality that is the the the what typically happens now does this happen to have does it have to happen every year no it does not but that is typically what takes place so i'll be looking for one uh a move above the high of the low day which is today which should bust it out above the trend line or i'm looking for a little bit more of a pullback uh you know i pull back below the 20 line and then a retaking it that would be a bit also a very positive positive sign so let's go ahead and jump over and look at a couple of stocks one stock that we were looking at is let's see how it's doing and i always like to show you you know exactly hey here's here's the trade we we did and here's what's happening with it am i going to just be able to find a darn thing there it is okay atkr atkr did have earnings when oh i'm sorry it's before the market opens tomorrow tomorrow so i apologize for that i was going to show that and show this to you one of the things i anticipated doing though is we basically got into this trade down here about the 90 level 90 and 50 cents we wrote it up we took out profits of 10 percent we pulled back we pushed back up and then what i did for our members was i said okay we have earnings coming up before the market opens tomorrow so we want to be taking some profits off the table today so here's the way we set up this trade we took off profits at you know like 10 minutes before the close at about 103 dollars so we went from 90. 91 up to 103. so about 12 14 gain took those profits off the table i left a quarter of position in place or you know what if we get blow out numbers i want to participate in that but i can fall up to 10 and still be very profitable on the overall trade but i just wanted to keep that open as a potential trade for me so that takes care of that that gives you the idea of what we're trying to do and what i try to do with the autopilot trading service with active trend trading another one that we have been following specifically is b-i-t-o now as you can see bitto came public when the week of 10 18. and i highlighted at that point to say okay right now we are working within a range we have basically fallen down from the highs of about 44 down to 37ish how about how big of a move is that let's just throw one so that's about a 16 17 percent move i guess i'd have to do it the other way to find out yeah there we go let's grab that so about a 14 loss so far from the high uh at the same time though i have a we as the candlesticks have filled their way you know been filling their way out across the the chart we've gotten to a place where we have a pullback we have a bullish harami polisharami i do not have my indicators functioning totally yet because i don't have enough data in the system so i have a bullish harami which is oftentimes a reversal signal now can it reverse from where it's at and move up sure where's my upside target on a situation like this my upside target would be back up into the at least the 20-day moving average i found a 4.8 move to 5 the one thing i like about bitto and i you know that i announced when i first highlighted it is it has weekly options it and with really excellent bid ask spreads it has excellent strike price spreads and they offer weekly and they're offered on a weekly basis and so that's that's excellent so what i'll be looking at doing and for this particular entity is i would like to be looking for you know do maybe a spread that would be you know out around 17 december where i would just do a simple little two dollar spread maybe maybe uh and i like the uh 17 december 39 to 41 dollar bull put bull call spread that's a debit spread and i can pick that up for about 90 or about about 75 cents somewhere between 70 and 75 cents and that is a very very what i would consider a low risk type of trade um you could you could load up with 10 10 contracts and you wouldn't lose more than 730 dollars but you give an upside better than one-to-one ratio to the upside i always go back and i double check there are two entities you want to double check biddo against one is bbtc that is the uh that's the gray scale bitcoin trust that's an etf and what's it showing us okay basically it is an uptrend and its price pattern is very similar to bitto bito what do we have on it today it is showing a bullish rami looking to move back up off of the 34 day moving average the moving average is on gbtc and that's golf bravo tango charlie um are basically reversing and turning back up as you can see i've got a two-line cluster to happen yesterday on the market forecast oftentimes tsi will reverse and re turn back up at the zero line now if it falls and drops down below the uh the 50 and i was in a trade i would jump out of it this is also one of those that i'm looking at how can i add to a position that i already have for my grandkids i'm buying vito in for for my grandchildren and basically i'm just doing a few shares a few shares every month and just building that up for them who knows could be could turn out to be their college fund we'll see um the other thing i take a look at is because bito is based off of the uh bitcoin futures i want to take a look at the bitcoin futures what are the bitcoin futures telling me well something similar i found support and again what do i want to do i want to look to my left and what do you see it's sitting right it has come down right squared up on top of a pass level of support bound support reversed now let's see if it will power on back through those areas i'll have to check that out after hours i do not trade the futures on on the bitcoin futures however i will use the chart of the futures because it should be fairly close to emulating what bito is doing as you will and since they are linked together that's why you see on bito on bo bito that's why you see the big gaps because they it is linked back into the futures so that's what i've got to show today and so hey let's get ready let's get ready because i have a little segue into the answer to the question i posed during the opening of this video as i promised here's his answer to how to get started trading stocks it's very simple one you have to have a plan and the plan should be to basically start reading all you can about how to get started trading stocks one of the best books i've found is this one by matt galgani how to make money in stocks getting started based on the can slim method from investor business daily uh excellent read uh it starts off with how to protect your money and so many other trading books they don't they show you the house of trade and all that kind of stuff but don't really set you up to be a winner this one sets you up to be a winner uh there's a link down in my in the description that shows you exactly how to get this book on amazon aloha if you like these videos hey give us a thumbs up refer you know refer them on to your friends we appreciate that and my intention is to help you grow your wealth so you can achieve financial freedom so aloha god bless everybody
2021-11-26 16:00
