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[Solved] Show us your Stocks & Trades

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josh avatar
(@zexsypmp23)
Posts: 4380
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When looking over charts, I often check indicators from different timeframes to get a better picture of the movement.  Today I'm checking out the Accumulation Swing Index(ASI) indicator.  Normally, the ASI and the price action move in tandem with each other.  If the price rises, so will the ASI, and so on.

But what the heo does it mean when they're not moving in tandem?  This chart clearly shows the price action is in a downtrend, yet ASI kept rising.  Is this some kind of fraud?  Actually, this phenomenon is known as positive divergence.  When price continue to make lower throughs, and ASI fails to make lower throughs, the downtrend is likely to stall or fail.  Meaning buy all you can at this current price, because correction will occur, and the share price will blast off into the stratosphere, OK?

 
Posted : 25/02/2021 4:54 am
josh avatar
(@zexsypmp23)
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You can trade as often as you'd like if you keep $25k in your account, otherwise you're limited to no more than 3 trades in a given week. I have multiple accounts for different purposes, but the best app for trading, in my opinion, is RobinHood.  I could make a trade in second, and you know how important that is when a stock price is wildly volatile. 

I've been swing trading HEXO for several months.  I know not many have positive sentiment for cannabis stocks from Canada, but the trading range was too predictable for me to pass on.  I do think HEXO will do well based on contracts they've gotten, and on different marijuana products they sell.

ACB, APHA, OGI, CURLF, GTBIF, GWBP are some other cannabis stocks, but I haven't follow or do any due diligence on them yet.

Isn't there a 3 days wait period for re-entering a stock, to prevent day traders?Not unless you have a day trading license?

What's the best cannabis outlook right now?  I used to follow MCIG stock back in the days but now it's just hovering.

 
Posted : 25/02/2021 4:54 am
josh avatar
(@zexsypmp23)
Posts: 4380
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Pot stock still going strong, and my HEXO went up more than 46% today.  My target is $3 and that would yield more than 500% gain. 

Anyone from Asia or Europe interested in stock trading, please make sure you watch this vid first;  it's a total different animal.  It's imperative you know what you're doing, or the market will chew you up and spit you out.

 
Posted : 25/02/2021 4:54 am
josh avatar
(@zexsypmp23)
Posts: 4380
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Today was one of my best trading days ever.  Got an alert from my fellow trader over the weekend, checked the chart and decided to put 8K into it and came away a very happy man.

Sometimes it's good to trade in a group.  Other times, it's best to shut off the noices and trade alone relying on knowledge and instincts.

 
Posted : 25/02/2021 4:55 am
josh avatar
(@zexsypmp23)
Posts: 4380
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I had previously stated I'm going to invest in the EV sector, but not necessarily with Tesla.  I invested in a company making EV batteries instead, and this is the return during after-hours trading(+20%).  The entire trading day today gain was 52%.

 
Posted : 25/02/2021 4:55 am
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