Christopher

@KyleK29 What up Kyle! Any update on this??

Thanks Abiel!!

I tried to use finviz but I need an upgraded membership for what I want to get. Here's a list that I have now if anyone is interested, I'd like to add to it. I check the ones intra day that are trading with a high rvol. Thanks!

I think your strategy makes perfect sense from a technical/number crunching perspective. However, I think most traders that have been doing this for a while would agree with me when I say that trading is much more about psychology than analytics. If you traded this way live and you took a trade with heavy size that goes your way, there is going to be a very strong impulse to hold (because of the fear/greed of missing out on large profit) . If it goes against you, there is also going to be a very strong impulse to hold (because of the fear of realizing a heavy loss). I think a strategy like this may work for a computer trading algorithm, but the psychology required for this is well beyond a beginner / intermediate live trader. So to put it bluntly, I think this approach is an excellent way to blow up an account. -Chris

Where you at stud

What up BBT! I'm looking for a hotkey that is similar to the freeroll hotkey, but it calculates and adds the amount of shares needed so if you stop out at your new stop, you'll lose your original -1R. Right now I'm using 100% / 150% / ect.. adds and estimating where my new -1R stop is, but I'd like to have something more precise. So assuming price went your direction, and you add, you're risking all your unrealized + 1R. -Chris

Heck ya man! Welcome. Feel free to send a message if you ever want to chat about price action. GL! -Chris

Not bad tries on $ROKU, it's at all time highs and was consolidating in the premarket in a tight range prior to the open. The first trade with a stop right below vwap gets you to about 2.5Rs, the second trade the R2R just wasn't there. When a trade doesn't work it's easy to think that's it's a bad trade, but a lot of the time the idea is right, the execution is just slightly off. If you are going to trade ORBs, especially 1 minute ORBs I think it's a good idea to ask yourself a few questions prior to the open. Is the stock AT or ABOUT to break all time high? Is the stock AT or ABOUT to break out of a significant range? Does the stock have a catalyst? Is the stock consolidating in the premarket? Is it uptrending / downtrending? is there above average volume leading in to the open? Are there any significant levels in the premarket ( i.e levels that have acted both as a support AND a resistance) that I can play off of? Also as a general rule of thumb, whether you're taking 1/2/5 minute orbs, the tighter the range, and the closer it is to vwap, the better risk to reward you're going to get. Stay positive man, one day at a time.

Where you at Tom!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

@Jennifer Olson Thanks!! I've been getting my butt kicked recently though lol. I swear right when you feel like you got it figured out, that's the exact moment you just lost it. Hope all is well, I'm always down to chat about price action, hit me up anytime!

I just went live risking small size and was trading from 6:00-800, then 9:30 - 11:30, then I'd try and catch the close. However after doing that just for a few days I realized it's not worth it, at least for me. The parabolic reversal strategy depends on a stock getting OVER extended which requires a lot of effort in the form of volume. So I really feel it's best to trade them the first 1 to 2 hours the market is open...then go live your life I was profitable in SIM doing that, it's been a little rocky since going live but I expected that, it's why I risk small size. I post video recaps everyday if you're at all interested. Hope all is well!

OTC!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

ORBs are tough imo, I feel like prior to covid there were a lot more A+ 5 minute orbs, now I see more people do 1 and 2 minute ORBs which are tough too haha. I'm all about the parabolic reversals!!! :) I used to trade all the setups, now I just do PRs, I like it a lot.

How's your trading coming along? What's been your approach? I'm studying math, I really do enjoy it, but the longer I've been in academia the harder it's been to balance math / trading / gym / life : P

I took a semester off and doubled down on trading and hiking. It's been pretty sweet : P How are you doin?

Title

The man, the myth, the OTC

Playin $BABA like a pro! That parabolic reversal was perfect!

"Re-fire on $INTC when it pulled back. Only took a 10% partial at support/resistance level. Stopped out at break even. Should my first partials be 50% or 25% ?" I did 20% partial at 2R for a while, it essentially pays for the commissions of the trade, and then you move your stop to b/e so it's a break even trade after commissions worst case scenario.

WOOO LETS GO!! : P

Where you at!!!! @Valentin

i gotchu

That worked, thanks!

What up bbt! I'm in the process of creating an account with IB, so right now my DAS has two accounts on file, when I click to take a trade my future IB account with 0$ balance gets loaded in the level 2 instead of my SIM account (which I prefer right now) is there a way to change this?

Your hit rate with the orbs is great! Why not try a day where you go all or nothing 2 to 1? Delete your partial button, let me see those 2R ORBS!!!