Quick & Easy Stock Trading Tips & Tricks. Plus, announcements // Simple strategies basics 101 tip david moadel
hi I'm welcome to looking at the markets I'm David Modell thank you so much for
tuning in as always i'm gonna give you some cool stock and ETF trading and
investing tips and tricks all right we're gonna get to that really soon just
a quick announcement i have not been paid any money for any of the interviews
i've done so far because i've done them for a learning
experience for myself and to share the knowledge with you and to grow my
youtube channel as well alright and i've been very grateful to do those
interviews don't be surprised if very soon i'm going to start doing some
interviews of small companies okay like small smaller companies with a penny
stock maybe or a small company with an IC o---- and that's an initial coin
offering things like that alright and I'll be honest with you I'm going to get
paid to conduct those interviews alright and that's a way to monetize my channel
I thought about doing YouTube monetization where they pay you a very
small amount of money alright to put more ads on my videos but I figured that
wasn't worth it because I don't want to annoy you guys and gals with more ads
because again the amount I would get paid would be very small it wouldn't be
worth annoying you with more ads for that alright but I wanted to start you
know getting paid a little bit 1 to start monetizing because I've put out
over 200 free videos ok so don't be surprised if pretty soon you start
seeing videos where I'll be interviewing CEOs or founders or presidents of small
companies whether it's you know a penny stock they'll be promoting or maybe an
IC o---- initial coin offering doesn't mean you have to buy it doesn't mean you
have to click on those videos if you don't like those you don't have to click
on those if you don't want to but if you want to support me and you want to
support these small companies by all means please click on the videos you
know that way you can help monetize my channel without having to pay any money
yourself it's a free way for you to support you to support my channel which
is pretty I appreciate it and if you want to get
those videos a thumbs up and leave you know positive comments okay
so anyway I just want to let you know about that so you're not surprised all
right and and they're not going to be pump and dump schemes believe me you
know I I'm not going to buy a bunch of a penny you know I'm not gonna buy a bunch
of shares of a penny stock and then start promoting it to try to pump up the
stock and then sell all my shares and dump it on you this is not a pump and
dump scheme you know I'm not going to start taking positions and companies and
then start promoting them away that's not what I do
okay so just wanna let you know that you don't have to worry this is not pump and
dump okay so as promised here are some cool tips
and tricks for your stock trading investing if you like what I'm doing
please give give the video a thumbs up leave comments and please subscribe to
my youtube channel if you didn't do that already and if you already did thank you
so much I really appreciate it thank you alright so here we go and thank you for
watching here's a little tip or trick for stock traders this can be used for
both swing trading as well as day trading you just have to change the
timeframe one of my favorite patterns or chart patterns is when a stock is going
sideways for a while or is in a tight range for a while
and then it breaks out I love a good break out you know when a stock just has
very little volatility it just doesn't really go much of anywhere and then
suddenly breaks out of that tight range that is great for a long position it's
also good for short positions if something is going sideways or a tight
range and then it just breaks down you know
you know it has a breakout to the downside then you can short it if you
want to and then because it's likely to just keep going down if you know if
there's really bad news or whatever the catalyst is it's likely to keep going in
that direction not a hundred percent of the time it
doesn't doesn't always work perfectly but the question is how do you find how
do you find these sudden breakouts or breakdowns well you need a good stock
screener you don't need one but that helps a lot of people use fin viscom fi
n viz that's a very popular one they have a stock screener that a lot of
people use but here's another one here's kind of a hidden one that maybe not
everybody knows everybody knows about it's called market chameleon market
chameleon calm and it's a lot like fin vis and these are all free and so I like
to use the free resources and I like to save you money by introducing you to
some free things on the internet all right so let's say you go to market
chameleon you would go to stocks hover over stocks and then go to unusual stock
volume all right because when looking for breakouts or
breakdowns you know I I don't just want something to break to the upside or
downside I want a lot of volume I I'm looking for real conviction in the move
and by conviction I mean a lot of volume a lot of people you know trading to the
upside or trading to the downside a lot of really a lot of buying or a lot of
selling alright because you know that means that it's likely to continue in
that direction again no guarantees but so you know I when I look for unusual
stock volume spikes the spike could be to the upside or the downside and so for
example when I'm looking through here look here EFX Equifax right and this is
a heavy volume going down 8% to the downside and then so I look at
the chart and you know there it is approximately 8% and you know going down
even more after hours all right so you know it's I mean it went down it gapped
down and just kept going I mean there's massive volume here to the downside even
if you had bought at the end of the day after hours it just kept going down and
you know it's it's coming out of a period of sideways action and then BOOM
and it's just down down down that's that's a breakdown all right or another
one I found on here was I I an inch in Turk on this is one that I you know I
wouldn't not necessarily have found this one if it weren't for this you know this
feature on market to chameleon intra con and I saw you know a breakout on heavy
volume to the upside 15 percent and actually it actually it's even more
than that 22% by the end of the day alright so you know again there's some
consolidation here it's just going you know sideways and then boom a nice
breakout alright so that's the kind of thing I look for for a potential long
position and again it's on heavy volume so I know that this is a real move this
is not just some low volume you know pump and dump necessarily plenty of
volume here I like to see that alright so there's a little tip and you don't
have to use this website you can use fin vis or your own your own stock screener
whatever you like look for the heavy volume look for unusual stock volume
breakouts to the upside or breakdowns to the downside alright now I'm going to
give you a quick tip or trick to help you find support levels that's one thing
that I find to be very useful in knowing when to make an entry point when to take
a long position I like to find not just double bottom patterns but multiple
bottom patterns when a stock has gone down to a certain price or level and
then bounce right off of it let's say two times that would be a double bottom
but three or more times that's a multiple bottom and that's even better
that's really strong support and that's a great time to buy especially if it's a
really good company that you believe in and so how do you find these well I like
to go to fin viscom it's free right now to use them and I go to screener
okay so I'm clicking on screener they have a free at least it's free right now
with their stock screener and then I like to go to see where it
says signal here all right and says none I'm gonna go down to multiple here it is
you got a scroll down to the bottom multiple bottom alright and you click on
that and it gives you a list of stocks with multiple bottoms but I really want
to look at the charts and so then I click on see where it says charts here
I'm gonna click on charts and there we go and it's it delivers to me all of
these different stocks now they're not all necessarily gonna be great stocks
all right but you know you look through them and you can screen it further if
you just want you know large caps mega caps that kind of thing ok you can
screen further which is what I like to do but right now you know I'll keep an
open mind for example here's CVX which is a chevron ok that's that's a large
company and we can see a multi multiple bottom here it hit this price point here
which is about 103 one two three times and so if it goes down to 103 again I'd
say that's a pretty good pretty good entry point alright
you know so we're just gonna look through it and we can see you know all
these multiple bottoms alright we're just bounced off of approximately the
same level multiple times more than twice and that's a good sign that's a
you know if it goes down to that price again then you could buy it and there's
no guarantee of course it could go lower but we're working with probabilities not
certainties here and so if it goes down to that level again at least you know
you're getting in at a pretty good price and that the market has demonstrated
that that that's a good price because it bounced right off of it at least three
times and maybe even more times than that okay so look for those multiple
bottoms and try using them as support levels and possibly as entry points for
a long position but only with really good companies you know this is what
we're talking about companies that do tend to go up over time okay you don't
want something that's a falling knife maybe something like this might be a
little scary to get into you want good companies like I would say Chevron you
know that's a mega cap stock and so yeah they might be having tough times
temporarily but if you look at the you know the multi-year chart I think you'll
find that that these mega cap stocks do tend to do well over time so that's
something to think about
alright now I'm going to give a really simple but unusual tip or trick I've
never heard anybody else suggest this at least I'm sure somebody's thought of it
before but I've never never heard it before and I think this could be really
helpful to keep your trading unemotional and more mechanical in a good way
alright so this is a very simple strategy which is you know a lot of
people use this this is not unusual to buy when you know you put two moving
averages up and you could do this with day trading or with swing trading I'll
just talk about swing trading here but you can adjust the time frame to use it
for day trading this is a daily candlestick chart of Starbucks stock and
it's on stock charts calm want to give them credit alright and I've put up the
the blue line is the 10-day exponential moving average the red line is the
20-day exponential moving average and you don't have to use the ten of the 20
you can play around with different numbers and you don't have to use the
exponential moving average you can use simple moving averages it's up to your
preference all right so a lot of people do this they'll they'll buy when the
this one be faster moving average crosses above the slower moving average
so for example when the ten moves above the 20 when it crosses above you can buy
there and then when the faster moving average crosses below the slower moving
average like here when the ten crosses below the 20 that's when you get out
that's when you sell okay and this doesn't work all the time but it's a
pretty good math that it's very simple all right so it's about moving average
crossover is so what's great about this method is that
you can enjoy long run ups without you know getting shaken out without exiting
too early okay you just keep it mechanical and stay in the trade until
finally the blue line crosses below the red line and that's when you get out and
this would have worked out quite well because you would have enjoyed this big
run-up and then you would have avoided this long nasty downturn
okay multi-month downturn because he would have gotten out here and then you
would have avoided all of this now that's easier said than done though and
that's where this little tip or trick is going to come in that I'm about to tell
you which is you know a lot of people think they can do this easily but then
they see you know so they're in the trade they get in and fine but then you
know they're watching the candlesticks and not the moving averages and so they
see a sharp multi-day downturn it goes from here during the day went all the
way down here to the bottom of this candlestick bottom of the wake here and
so from here to here you know people get shaken out they leave the trade too
early they know they should stick to the plan because the blue line is still
above the red line but they exit at the bottom of this wick here at this
candlestick and then they realize later that they got out way too early okay so
to avoid things like that or or here's another one you know the the blue line
is below the red line so they should stay out they should not buy but then
they see this promising-looking you know
large candle here you know the price goes up a lot during the day and so
maybe they're tempted to buy and just ignore the signals here ignore the
moving averages and so again they're looking at the candlesticks and not
they're not sticking to the plan and then so they they break their own rule
they break their own rules and then BAM and they lose big time okay so to help
you avoid that to help you avoid looking at the candlesticks instead of the
moving averages which you should be looking at if you're going to use this
simple strategy on stockcharts.com or perhaps in your own platform you can
actually remove the candlesticks I've never heard anybody else recommend this
I'm sure somebody's thought of it all right so in stockcharts.com you
change the type under chart attributes from candlesticks you get all different
kinds you go to invisible most people have probably never even considered this
alright and then click update and guess what the candlesticks are invisible
they're gone alright and so now you can buy and sell just based on your plan if
you're using a simple moving average crossover strategy like this one with
the 10 and the 20 you know you just buy when there's a clear break above here
like right about here and then sell when there's a clear break below there right
about here and you would have enjoyed that nice profit without being tempted
to exit too early or without being tempted to buy in when you shouldn't buy
okay and so and then you would have sold here and you would have avoided all the
pain throughout all these months here all right so that's a little trick there
to help keep you mechanical in a good way help keep you you know help you
stick to the plan
here's a tip or trick that you can use if you like to trade silver or gold or
other precious metals I like the idea of instead of buying or shorting SLV or GLD
how about instead of that use the mining companies that way you can get some
leverage you get much bigger moves because let's be honest
silver and gold they don't move that fast alright there's not a lot of action
there alright plus the mining stocks are oftentimes
cheaper and so you can get in for less money alright so I'll show you what I
mean one of my favorite mining stocks is Hekla mining which is HL that's the
ticker all right and I'm gonna compare that to SL V which is an ETF tickers
that represents silver so as we can see Hekla mining is much cheaper than SL v
SL v is about 17 dollars right now Tecla mining is about 5 bucks and so it's it's
a cheaper way to get in and invest and notice that if SL V is the blue line and
Hecla mining is the red line we can see that it's it it follows the same
direction as silver generally speaking but it's much more exaggerated move and
so you get you get some leverage there alright so instead of a gradual move
upward you'll get with silver with the mining stock it moves up much faster of
course it moves down much faster too you get a smaller move
downward move and silver and so but if you're shorting then you get a much
bigger sharper downward move if you're shorting you would have been very happy
if you shorted shorted Hekla mining up here you would have made a lot more
money than if you had shorted SLV right here of course you have to be careful
leverage can be a very dangerous instrument okay now of course you can
also get leverage for less money by using options call options and put
options but not everybody has options permission with their broker not
everybody can afford to trade options maybe you are trading with in an IRA so
you may not have options permission with your broker that kind of thing alright
and so this is a way to get leverage in an indirect sort of way let me show you
another mining stock which is AG and that is the ticker for for first
majestic silver alright and again we're going to compare it to SL V as we can
see when SL v goes down a little bit first majestic silver goes down a lot
and when for example let's say silver goes up a little bit trying to find
where it goes up here we go silver goes up a little bit first majestic really
goes up a lot more and a lot faster okay so again you're getting that leverage
there but please be careful with leverage and as we can see again it's
it's a look at a lower price point with SL v around 17 dollars first majestic is
only about seven dollars alright so there's a little trick to get you some
cheap leverage with precious metals but please be
careful with it use it cautiously
alright so those are my tips and tricks they're very simple and they can help
you to improve your trading or investing with stocks and ETFs if you like this
video please give it a thumbs up on YouTube and please leave comments and
please subscribe to my youtube channel so you can continue to receive the
latest updates on my financial educational content if you have any
questions or you'd like some help with putting together a trading or investing
plan I can certainly help you with that my email address is David Modell at
gmail.com thank you so much for watching and listening as always I really
appreciate it and I'll talk to you again soon
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