Skip to main content

Trendlines, Hang on, Let Go



The YouTuber Jack Angel mentioned in one of her post that she has been greatly influenced by another YouTuber Alex Onze on stock trading.

Alex Onze was among the first to used his mother tongue to talk/ teach about stock trading and there is Money Growers who brings a more aesthetically pleasing videos on trading.

In Alex Onze's early videos,

  • he talked about plotting trend lines and identifying support and resistance. In an uptrend, he advises buy on support, then at sell on resistance. If you miss selling on the first time the price hit resistance, sell when it is at 50% between support and resistance..In a downtrend, after identifying support and resistance, same technique: buy on support and sell on resistance.
  • he demonstrated that in an uptrend, once the supply is almost too much, avoid buying that stock; but in an downtrend, once the price drops so low it becomes a hot stock with tendency to bounce back; buy once initial bounce back is equal or more than 50% as the trend is the price will go higher
He goes on to say that there are 5 chart signals to use
  1. Stochastic: 0-20%
  2. RSI: below 30 and uptrend
  3. MACD: flattening histogram and uptrend
  4. Volume oscillators: more positive 20-50, the more the price drops; the more negative the price will climb up
  5. Candlestick/ heikin ashi: candle body almost the same size or falling wedges, there is reversal to downtrend; in rising wedges, the trend is upward

His take on chart timeframe
  • daytrader: 1 min to 5 mins chart system or 15-30 min chart system; others employ the 1 min-15 min-30 mins-1 hours then 4 hour chart system in the morning to check if the chart is bullish or bearish

For more about stock trading, Digital Nomad Here.




Labels:

Comments

Post a Comment

Popular posts from this blog

OpenShot Add Text: Subtitles and Captions

OpenShot is an open source video editing soft. Adding subtitles and captions is quite tricky. Adding subtitles takes effort. Suggestions by GeekOutdoors - You can have the soundwave form displayed so you know where the talking and pausing occurs. - You also use the green marker to help you decide how long the subtitle should be shown. - Encode the subtitles in Notepad so you can easily copy and paste it later on - Turn off the snapping tool which is on by default; to remove subtitle overlap For captions, GeekOutdoors, - used footer text, shortened the duration to like 3 seconds - if you want advanced editing of the text, you will need to download and link Inkscape to OpenShot Check out  basic OpenShot tutorial  or  list of OpenShot tutorial .
Post a Comment
Read more

OpenShot Add Music or Sound Effects

In OpenShot, you can delete the audio of your video and replace it with another one. You can right click on the video click and select separate video. Or you can click the video and let the audio mute. There is option to fade in and fade out for the audio. If audio is longer than your clip, you can use the scissor tool to cut the audio as the video ends. Check out  basic OpenShot tutorial  or  list of OpenShot tutorial .
Post a Comment
Read more

When to Hire Assistants for Your E Commerce Business

The questions is when will you hire an assistant to help run your business? Surely 6 figure businessmen didn't that much doing all the stuff needed to run a business. James Beattie advises to get a customer support person early on. Shopify Lifestyle shares that the first hire is the most crucial. Gabriel St-Germain has a post on automating your e commerce business. He shares there are three main time consuming tasks customer service order fulfillment marketing for customer service, he set up Zendesk and hired someone from Upwork to work at $7-8/hour Zendesk has a free to install app for Shopify but reviews were pretty bad he communicated with the CSR staff via Skype, trained this person well so this person can train newly hired CSR later on as you scale up makes macros on Zendesk so CSR agent has template on how to answer customer emails his first hire was the most important as this became the customer service manager for the new hires when he needed to scale...
Post a Comment
Read more