Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

avatar
Ariff11 Private ID: 101816905
No profile added yet
Follow
    Ariff11 commented on
    Sold just based purely on TA, where you put aside the long term vision . $Palantir (PLTR.US)$ MACD + Resistance Zone strategy. Saw bearish divergences and bearish MACD crossover (yellow circles) on the daily chart, as price action approached resistance zone (red rectangle) Buy price average was $19.4, took the opportunity to sell at $28.7 and bagged a ~50% profit. Not a huge bag but the TA behind this is something that could help fellow traders learn from,...
    PLTR sold at the top, lucky?
    3
    From my experience, usually from a trading perspective, it's more probable for a profitable trade when you buy the stock before a bullish news is published publicly as usually that's when people start to take profits and price falls. Thus the phrase "Buy the rumour, sell the news" But if you're a long term investor, news which shows good fundamental structure for the stock valuation is a good sign for you to continue "hodling" aka diamond hands 💎🙌🏻
    Based on my previous post, I had mentioned using 2 tools specifically for my trade setup, RSI and chart patterns. I've attached an example of it based on $Apple (AAPL.US)$ chart.
    For ease of understanding it's labelled 1) to 4).
    1) identifying RSI bullish divergence (opposing lows in RSI vs in the actual price) & a symmetrical triangle pattern
    2) since there is bullish sentiment, a buy signal arises at the breakout or one can wait for a correction back into the previous resistance zone(rectangle box)
    3) usually the height of the symmetrical triangle is taken to forecast price pump, which is where you can take profits and sell accordingly
    There are many other strategies and this is just one which people can use in trading. Usually in 1hr/4hr timeframes for swing trade.
    Charting with Apple stock (example)
    Ariff11 liked and commented on
    Once more, Co-Wise: moomoo Tutorial Contest Part 7, "How did you start short-term trading?" ended successfully. Thanks for participating in the contest. Short-term trading could bring an adrenaline rush, but it's also highly risky. Emotions could become your biggest enemy. How to qualify as an excellent short-term trader? Outstanding technical skills? A high win rate? Or others? Thankfully, most mooers are aware of the importance of risk management and emotion controls. Technical skills might not work well unless combined with a good understanding of investing psychology.
    Now, it's time for the winning list of this topic. Let's enjoy the highlight moments together! Congratulation to all the mooers winning $American Airlines (AAL.US)$ and $ContextLogic (WISH.US)$ stocks!
    *The rewards will be distributed to winners within 15 working days—the ranking sortes in alphabetical order.
    Part Ⅰ: High-Quality Post Collection
    @AhTian  Why, What & How to Short-Term Trade!
    For this post, let's take short-term trading as intra-day trading that last from seconds to minutues. It's commonly termed as scalp, intrad-day swing trading. I'll use scalp here.
    @BT11  Day/Swing trader
    Keep your emotions away from the charts. My personal technical analysis of price action in charts relies on simply RSI (14 length) and chart patterns. Identifying the right patterns and how to utilise a trading strategy with it is a crucial complimentary tool I use for entry/exit.
    @Business Insider  DCA is the best strategy!
    Bought  $Tesla (TSLA.US)$ back in 2017 for about 300$ pre split. Sold it in 2018 for a tiny profit and to decrease my cost basis. They were swinging between 200-300 all the time.
    @Dadacai  Some Pointers for Day Trading
    I will give a brief overview of the VWAP indicator which is often used by day traders. Trade when the mind is clear and alert. Play small. Plan your entry and exit. A good knowledge of technical indicators is required.
    @GT1982  How Did I Started Short Term Trading
    I started off as a short term trader before finding my style as a long term investor. No personal feelings should be involved in trading. Only fundamentals, technicals and numbers should be the deciding factors.
    @IcySilver  Swing trade like a Pro...
    Swing trading is most useful when the market condition is volatile, without long clear trend. Currently the market does seem so. Thus, it may be a good time to look more into swing trading, or quick-entry-quick-exit trades.
    @Jin1978  Some personal tips on short-term trading
    If u cannot stomach the risk (10% to 30% movement usually), stay away from risky trades. Set a cut-loss price. Remember to withdraw your profits every now and then! Don’t keep pumping all your profits for the next trade! 
    @kaito666  My short term stock trading step
    Read the news, consider different scenarios, weigh up the odds and technical analysis. In this event that any of the above scenarios do materialise, go straight to your price charts and use technical analysis to find entry and exit points for the long or short trade you have chosen.
    @Moo Top  I am a part-time Day Trader
    My favourite technical setup is VWAP + 9EMA and 20EMA, looking at 1min and 5min candle stick. Do your own due diligence (DYODD) on the stocks that you want to day trade with.
    @102637896  My Views on Short Term Trading
    Apart from reading technical indicators and charts, I think the following are important that I learnt: Position sizing. Establish entrance, stop loss and target price before trade. Mental Strength.
    For more engaging posts, please click Co-Wise: How did you start short-term trading? to check. Don't forget to leave your comments and tell mooers what you've learned!
    Part Ⅱ: Voting on the “Mentor Moo” Title
    Finally, let's announce the winner, @Dadacai! Congratulations! You will get a badge as a reward to acknowledge your efforts in the Co-Wise contest. The badge will be shown on the profile page for your progress and achievement.
    Mooers' Strategies: Habits to Become a Better Trader
    Now, it's time for voting! Let's vote for the candidates to see who will win the "Mentor Moo" title. Your vote means a lot to them!
    We should keep a clear mind and stay alert to the markets where milliseconds count. Please be aware that different time zones could impact the timings of your investment. It's crucial to set profit targets and stop-loss when entering a trade. Besides, technical indicators could help you identify the signals in the market and thus improve the odds of winning. Discipline and a solid trading plan could help you advance in short-term investing. As mooers' say, there is no best strategy. Just stick with the one that you can reap profit from it. Remember, what matters the most is the one that suits you the best.
    Disclaimer: All investment involves risk. Neither Futu Inc, nor Futu SG, nor moomoo endorses any particular investment strategy. You should carefully consider your investment goals and objectives when deciding on an investment strategy. Past performance is no guarantee of future results.
    Mooers' Strategies: How to become a better short-term trader?
    Mooers' Strategies: How to become a better short-term trader?
    21
    NO. 1 RULE, KEEP YOUR EMOTIONS AWAY FROM THE CHARTS
    My personal technical analysis of price action in charts relies on simply RSI (14 length) and chart patterns
    RSI
    - to track momentum shifts by using bullish/bearish divergences
    - beginner traders might have issues identifying the divergence mainly due to error in forecasting it
    - bullish divergence is when there is opposing "lows" in the RSI vs the actual price action whereas for bearish divergence there is opposing "highs" of RSI vs price action
    - common mistakes includes using this below 1 hour timeframes and identifying a low or high wrongly before actual reversal candles are printed for confirmation
    Chart Patterns
    identifying the right patterns and how to utilise a trading strategy with it is a crucial complimentary tool I use for entry/exit
    -chart patterns can be easily searched on Google such as falling wedge in an uptrend(correction), inverse head and shoulders, triple tops etc.
    -I personally don't attribute a forecasted narrative to trade with this patterns, for example a rising wedge indicates a sell off forecast, instead I view it as a setup for a momentum shift so I can position an appropriate entry and stoploss for it.
    I use fib retracement as well since it's pretty accurate. Some would prefer MACD over RSI to track momentum with the histogram and crossovers of signal & macd line but I tend to use RSI as it's more "neat"
    Back to the most important rule, keep emotions in check. If you're feeling overly sad or happy don't touch the charts and DON'T touch your stop loss/take profit if you're feeling extra scared/greedy.
    This is from swing/day trader POV, not for an investor who relies more on fundamentals.
    1
No more