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Predictable Stocks

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Hey guys, It was mentioned today in the chatroom that some stocks trade predictably. Could you share how you determine which stocks trade predictably? Thanks...

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I think what was meant was that some stocks predictably trade choppy or trade like algos are trading them. Nothing that's really going to give you an edge.

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Oh that was just Andrew using his crystal ball again

 

 

ball.JPG

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Haha thanks guys. Didn't mean it as a reference to being PSYCHIC! Haha

Meant it  like what you're saying, Justin: some stocks predictably trade choppy or trade like algos are trading them.

So the question is...

DO WE HAVE A LIST SOMEWHERE OF THOSE STOCKS THAT TRADE PREDICTABLY? Or, do we have some way to determine that by viewing the chart? Perhaps this is a rabbit hole, or super simple - I'm a newbie!

 

Thanks...

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No real list. It's more just remembering over time (which you will have no problem doing!) and just looking at the charts. You can see algo stocks will wick up and down in a specific range. Take Ford for example ($F). This is an extreme example, but you can see how this isn't tradable:

Ford.png.41893738e622bf6304e1f285f00f56e5.png

 

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Actually he did say that some stock trade predictably as in you kind of know what they're going to do. He referenced mu which we traded for a very long time. Not that you know exactly what it's going to do and you can always win on it but it wasn't going to do crazy things that you weren't expecting. You figure it out by Trading long enough. You see the stock day after day in for stocks like mu where you trading it day after day you kind of learn how it reacts. A good example is AMD. It followed spy for a very long time it was predictable that if spy would do something AMD would follow it. You will sometimes see Traders specialize in certain stocks as well. And really get familiar with them. I think Norm traded Apple quite a bit at the end of last year and really got familiar with it and had good results.


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People that spend their time telling others what can't be done only annoy those of us out there doing it.

 

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Alternatively , u could read the waves and get a better feeling of where the stock is going technical. Improve ur probability.

Any stock, any time frame.

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