Tuesday, August 13, 2024

Check list to hold a long position | Template | Indicators | Time range

  1. Check all time range, 1 W, 1M, 1D, 4H, 1H, 15 min, 1 min, 3 min, 5 min etc. 
  2. Determine if the stock is in uptrend or not
  3. Determine where is EMA200 line? Below or above?
  4. What is my stop loss? Risk and reward ratio?
  5. What stocks are trending stocks? Easy to trade? Always get trend stocks experience first. 
  6. Work on Goog, NVDA, AMD, SMCI, BA, INTC and get experience
  7. Need to learn more about indicators - what to work on 
  8. Do not worry about - FIMO - specially on SABR stock, do not hold big position and take downtrend - slow and quick drop - Another $5000 dollars loss from April - August 2024
  9. Learn how to identify trend - catalysts for the stock 
  10. Stop loss quickly - Need to set early, or sell early 
  11. Do not get emotional on loss 
  12. Ability to trade trend stock and make some gains - need to do that 
  13. If there is any trend change recently - go upward, from 1m, 5m, 15m, 1H, 4H, 1D, 1W, 1M
  14. Should be very careful - not hold cash and then wait for rebound one day - Need to learn to read charts

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