What is your daily routine? What do you watch and read on a regular basis?
...besides /wsb of course.
Posted Jan 26, 2016, 4:46 PM UTC
2259
Open my broker software. Click on random quotes. Make decisions that have no basis in analysis. Sometimes make money
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^ Honest trader.
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I google the symbols that I'm interested in, read stuff on them if there is info, and then criticize the article if it disagrees with me, and applaud it otherwise.
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That's pretty much what I do
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I don't think anyone in this sub is capable of giving a straight answer, but for what it's worth - I check out bloomberg.com and Yahoo Finance on a regular basis.
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Wow a legitimate answer and downvoted.
This subreddit is 3x leveraged shit after u/world_chaos. I enjoyed it at 1x leveraged autistic shit
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I told you guys to short WSB
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Normally I draw lines from one peak to another (or occasionally from one bottom to another) and when I'm happy with the resulting picture I then explain to my cat the reasoning behind my analysis. Describing it and talking out loud helps me a lot.
This sub has been instrumental in my learning these advanced techniques.
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That's too technical for me. I usually just start with the part where I reason with my cat and then click the buy button.
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Make my kid pick 2-4 word blocks and put them in order. That's the stock I'm researching for the day
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- Log into my portfolio.
- Sigh heavily and try not to cry
- Log out and carry on with studying.
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same
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Check China and futures in the evening, then yolo based on that.
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I think this morning showed that there is no correlation between China and the us market
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There is. Just not direct and obvious to everyone. See the patterns and consider all of the cintext. Not just SPY vs CSI.
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I open ToS and IB because I don't want to pay for IB charts.
I look at my favorite 3x leveraged etf pair (one and it's inverse) and guess which one looks like it's going to go up.
I buy, with a tight stop.
If I'm correct, I follow the position up loosely with a stop. Sell half at predicted resistance. Let the rest try to run.
If I'm wrong, I reevaluate and look for a position.
My position usually closes by noon and I'm out of liquid so I evaluate my trades and go to lunch. (waiting for my yolos to recover a bit before I move funds and get a day trade margin account)
I'm too old for this swing trading bullshit.
This month was rough.
I'm gonna grind those daily hundos.
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What are your favorite pairs of ETFs? How do you find your predicted resistance?
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I day trade mostly NUGT and DUST as well as airlines.
I look left.
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I watch candles of LABU/LABD and DWTI/UWTI. I also do extensive DD on biotech (you guys will be reading some soon, don't worry). So I buy biotech based on news/buy out opportunities/etc, and then day trade the volatile ETFs while I wait for massive buyouts.
:P
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What are some of your favorite ETFs?
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Labu labd
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In thinkorswim: I keep a visual grid of the S&P 500 but I only really watch it for the first half hour of trading. I keep /ES open all day, sometimes switch to a grid of /ES, /ZN, /VX, /6E, 6J, /CL, /GC, /NG, /NKD. That's my "all-hours" watching.
I follow a few people on twitter that I've respected since about 2011. vader7x, traderstewie, zerohedge, hcpg
Mostly I just follow numbers. 99% of financial news analysis is total shit. 100% of WSB is total shit.
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what do you look for on the SP500 in the first 30 minutes?
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Watching the opening range relative to prior day levels, overnight levels. S1/S2/R1/R2 interactions. What the vibe feels like.
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I read too much garbage to make any sense of it. I always just end up yolo'ing
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Bloomberg, Forexlive and zero hedge (taken with a grain of salt)
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I check out Marketwatch, Google Finance, Bloomberg, and Martin Armstrong's blog.
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Read WSJ headlines and go into what I think might be important
Open cnbc when i feel like masturbating to the anchors
throw all that information out and focus everything on the holy grail that is zerohedge
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I'll give you a straight answer. I look at all the CME OI and positioning data that gets released overnight, check data release results from Europe and Asia, quick intermarket analysis and start firing away in pre market.
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would you mind going into more detail about what you look at specifically in the CME, open interest, and overseas? wondering what kind of things you focus on and what it means, thanks
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itm vs otm positioning @ what strikes on ZB GC ES CL 6J 6E 6S 6A, volatility skews, oi up or down, yield curve on 2 and 30. Whatever data (pmi/cpi/whatever) was on the calendar.
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I make pancakes and if I flip them perfectly it means to all in Biotech, if it's sloppy I go for oil, because God knows that's going to be sloppy throughout the day anyway Edit: pancake recipe In a large bowl, sift together the flour, baking powder, salt and sugar. Make a well in the center and pour in the milk, egg and melted butter; mix until smooth
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- Wake up, shower, breakfast.
- Go to my office
- F5 all my news tabs (YF, WSJ, RT, BBC & ZH)
- Read them over my first coffee
- Decide if I actually want to do any trading or if I'm happy with my current positions
- Keep an eye on Asian/Arab markets during the day
- Nap, eat, fuck, whatever.
- 7:30pm - open IG again and look at London, repeat step 5.
- 10:30pm - Repeat step 8 but for the US Markets
I live in an awkward time zone so most of my trading doesn't actually interfere with the running of my businesses, which is handy. If you're asking for advice thought I think it's important to experiment with things until you don't feel overwhelmed or underwhelmed with the level of information you're getting and your understanding of how to use it.
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I like to open Yahoo! finance periodically and read the latest news on the markets or my portfolio. Then, I take that news and pretend like I know how the market is going to move based on that data and my lacking experience.
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In the morning if my face is a little puffy I'll put on an ice pack while doing stomach crunches. I can do 1000 now. After I remove the ice pack I use a deep pore cleanser lotion. In the shower I use a water activated gel cleanser, then a honey almond body scrub, and on the face an exfoliating gel scrub. Then I apply an herb-mint facial mask which I leave on for 10 minutes while I prepare the rest of my routine. I always use an after shave lotion with little or no alcohol, because alcohol dries your face out and makes you look older. Then moisturizer, then an anti-aging eye balm followed by a final moisturizing protective lotion.
You seem like the type of guy who obsesses over business cards.
My business card is tattooed on my dick
Your business card is crap.
His card is exactly the kind I look at, chuckle, and throw in the trash.
Let's see Paul Allen's card.
Look at that subtle off-white coloring. The tasteful thickness of it. Oh, my God. It even has a watermark.
And has closets full of dead prostitutes.
Are you quoting American Psycho?