So, within the past few days, MegaLeo has not really enjoyed looking at his Schwab account. When he pressed the app on my phone and the first thing she saw were red numbers. This was the first time since she bought stocks that he has lost money.
However, she remains calm and eyeing a few stocks to pick up: LMND (Lemonade Inc), PLUG (Plug Power Inc), SEDG (Solaredge Tech), RUN (Sunrun Inc), and UPWK (Upwork Inc).
In an attempt to add some value to the community and MegaLeo, I analyze potential buying levels to go long.
MY TRADING METHODOLOGY IN A NUTSHELL BELOW
I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.
I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:
Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.