FinPy

Trust in stops, not stocks.

[AsymTrading @AsymTrading]

Multiple Timeframe or Dual Timeframe trading is where you use a higher-order timeframe to determine big picture trend and momentum and strategic trade management, while using a lower-order timeframe for tactic entry and initial risk/reward.

I've written a lot about Kell's Price Cycle framework and posted a youtube video about it. This is a great framework for MTF/DTF trading. You can use the weekly/daily or weekly/hourly or daily/hourly as combinations of higher and lower order timeframes.

Can you go lower than that? Sure, but I'm not a day trader and using things like 60min/5 min bars is way too far in the weeds for my preferred timeframe. Do what you can afford. However, I'd highly recommend newer traders not get in the hyperweeds, because things get a lot sloppier and you should be trying to learn good risk and trade management habits, not trying to watch 5 min bars wiggle around like a crackhead.

An example is if the 10/20 on the daily are uptrending, but the 10/20 on the hourly is downtrending. This means, big picture, while the stock is in a big picture uptrend, it's experiencing short-term weakness. When that short-term weakness recovers and starts to slope the hourly 10/20 back up, that's often a really good time to get in. Then you can put your stop at the pivot lows, which is often times right near the 10/20EMA on the higher timeframe, and use that as a very easy higher-timeframe trailing stop for trade management.

Getting in on these hourly "wedge pops" and adding on subsequent EMA crossbacks and base-n'-breaks is a great way to build into a position using short-term weakness and patterns to your advantage to get onto a longer-term trend. It's one of the easiest ways for newer traders to put some consistency in their trading.

[FinPy @FinPy1987]

@tiagolimp @PradeepBonde tradingview, tc2000, or just find stocks above say $10 and 1 Mil avg vol in tech and consumer disc to begin with and look at last one year chart. you will end up with prbly some 300-350 stocks and that is a solid place to begin with. OR alternatively just look at stocks in SP500

[Monis @mmonis]

Reviewing charts over the weekend helps develop market awareness.

Look at
1. Themes emerging
2. Sectors
3. Stocks in play

This routine helps , feel prepared for next week

[Monis @mmonis]

It is important to have a process, here is mine

On the Weekend - I assess,
- Open Risk
- Upcoming Earnings and Catalyst for your Stocks (I have a list of about 150 stocks - I call it Panel)
- Review Indexes and sectors - What to trade
- Update Panel based on the past week - Top and Bottom movers. Review the fundamentals of the stocks. I add up to 2 or 3 names.
- Review Panel Stocks - Update level, set alerts - Trim down the list to less than 150 stocks if needed
- Create WLW (Watch list for the week)

Daily -
1. Review Indexes
2. Review Gappers
3. Create a focus list based on Weekend work, Top Dogs, and WLW
4. Before the open - I know what stocks I will be trading
5. During the day, If the alert triggers or price movement based on news, I add that stock to WLW. In some cases, I might take a trade on the alert.

[FinPy @FinPy1987]

@immigrationgirl So if I apply for COS from F2-F1 after oct 1, then I do not need to worry about biometrics and the premium processing time would start from the date of receipt instead and not from the date biometrics is received?

[Excel Dictionary @exceldictionary]

80+ Excel Shortcuts right in the palm of your hand.

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[FinPy @FinPy1987]

@RenelDelva @TameyaaaJ 😂

[FinPy @FinPy1987]

@UberFacts Delaware anyone???

[Brett Caughran @FundamentEdge]

12 COMMON BUY-SIDE MODELING APPROACHES (that you won't see in sell-side models):

Why are buy-siders so obsessed with their models? The financial model really is the backbone of buy-side investing - it shows you business momentum, NPV of incremental changes, R/R potential, and..

[FinPy @FinPy1987]

@insanereddit Roast was supposed to be a subtle one liner kinda joke that you don’t mind laughing at yourself but that comment was vile and in awful taste.

[FinPy @FinPy1987]

@unusual_whales Rofl

[FinPy @FinPy1987]

@MarkTregeld @EsbenJohnson @DeItaone Hmmm…..interesting……..This theory sounds plausible to me.

[FinPy @FinPy1987]

@WatcherGuru Wait….people had income from crypto😲

[FinPy @FinPy1987]

@nuchie68_errol @SimonRook1 @QTRResearch Well she pledged it.

[FinPy @FinPy1987]

@DeItaone In retrospect it is a good thing as sugar filled cereal is not the best breakfast choice anyway

[FinPy @FinPy1987]

@greg16676935420 @DeItaone 😂

[FinPy @FinPy1987]

@leadlagreport Yeah wassup with that guy

[FinPy @FinPy1987]

@Trader_mcaruso No. Just 10%

[FinPy @FinPy1987]

@iowa_2a You can always go to Costco to get the $1.50 dog 🤷🏻‍♂️

[FinPy @FinPy1987]

@Independent And you call yourself “the independent”😂