strategy 1 ( tradytics ) part 2 ..
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okay .. in my last post .. i went over what uh swing trade is .. i will continue on with the strategy from the video above ..
now ..
in tradytics .. under the " swing AI " dashboard .. there is uh section called " prophet .. "
i'm uh go there real quick .. n see what's in store for me ..
once there .. i'll personally look at the .. the confidence level ( shown in % ) along with .. clicking on the filter .. just to slim up my choices uh bit ..
in the video .. the 2 main filters he spoke on were .. high relative volume ( shows that everybody wants it .. ) n .. bullish options AI .. i'll do those for this strategy ..
i then go to my e-trade account .. to check for the pricing of the options that i am interested in ..
if .. i haven't found anything that sparks my interest .. i would then go over to the .. stocks tab .. right up under the portfolio dashboard ..
from there .. i will look at the different options there as well ( as stated in the video ) ..
once i have found something worth pursuing .. i will then go over to the stock tab .. up under the scanners dashboard ..
from there .. i will look for any signals .. indicating any technical information ( or signals ) for the stock ( chart - wise ) ..
most people spend hours looking to find signals but which is GREAT but .. tradytics shows you ( not all but most of 'em ) what signals are showing for the stock .. this helps with charting for entry and exit .. which brings me to my next step ..
which is the charts tab ..
as stated in the video .. the charts tab will help with customer sentiment .. GEX ( gamma exposure ) n .. most importantly .. uh good entry / exit through support n resistance ..
support helps .. as it is the floor in which prices typically don't go below .. uh safety net .. it's kind uh like uh character in uh movie that is falling .. only for uh super hero to catch 'em .. at the right time to bring 'em back up to safety n .. that person .. ?! is the price ! uh good entry point as well ..
remember .. you buy low .. n sell high !
whereas ..
resistance is the cliffhanger in uh movie .. the anticipation as to whether the price will keep goin' up .. or will people take profits and " exit " the trade ..
now ..
i know the video shows it one way but .. after looking at the support and resistance n .. plotting my ( potential ) entry and exits .. i will then go to the stocks tab .. up under the ticker dashboard ..
why .. ?!
to see the predictions made on said stock .. this will help me to know the anticipation of the price movement .. over time ! which would help in 1: the length uh the contract n .. 2: potential profit as well !
hopefully i didn't lose you but .. if i did .. please use the video above to help you get started ..
it's merely there for guiding purposes .. not necessarily to copy entirely !
as ET would say .. stay safe out there !