@ScottTotally@unusual_whales@RyansMethod Best thing to do when an alert is fired that I do: (I only do sectors I know)
1. Check Ticker Movement
2. Check Flow to see overall picture
3. Check for any other recent alerts for double+ confirmation
3. Check technicals
4. Look at earnings exp
5. Order
Takes <5min
Reminder on how to read alerts:
Call on the 🛍️ ask side = 🐂 bullish
Call on the 🦴 bid side = 🐻 bearish
Put on the 🛍️ ask side = 🐻 bearish
Put on the 🦴 bid side = 🐂 bullish
(Assuming 'to open')
For more: https://t.co/r6x1RMAv2F
If you're under $25k and without day trades please familiarize yourself with using spreads. They can be a lifesaver.
Investopedia: https://t.co/iEaYt3j2xy Video (of a bull call spread): https://t.co/vO0BCFgpbd
@Trendspider_J Sell sell sell. I don’t get it! Just sell it already lol. Who cares if it runs 500% and you sold it for 200%? That’s 200% more than what you had.
This is why greed is the second deadly sin.
The great @danwagnerco completed his trilogy on what to do if your whale play is 📉.
TLDR: Play according to the data, not your hopes. If underwater after few days, release to the sea.
1: https://t.co/ufW6NdMzdA
2: https://t.co/YniCRopcHl
3: https://t.co/FmFx09cgAJ
Take a look at an alert's breakdown before you enter!
The breakdown includes:
- any strategies this play is part of
- the history of the contract price, underlying, news, volume and OI
- the technical details of the play + context
- dark pools, flow at that moment
- TA analysis
@realzachw A lot of trial and error lol. I paper traded for months and read a lot of books etc. I still make mistakes and fine tune my process. It really is something you have to put the time in for in order to be successful. But it you want it bad enough, you can make it happen.