Pruning a watchlist
(still edit this!) For me, I treat my watchlist like a gold mine – cultivate great stocks and watch for entry opportunities. But there is the hidden truth: great stocks …
Day 16 – The BLK setup
When I found this chart, I immediately thought, “wow what an ugly chart!” You can see the steep ascending nature between early 2017 to 2018, but then this market drops …
Day 14 – Silver Mini Lot Size
The key to basing patterns is to eliminate the noise. To do so, we have to simplify the chart and then analyze the details individually. What is Commodities on MCX …
Day 15 of Investing on the Side
We can see how the period between October to December 2018 was the original bottoming of this chart. But it was complicated. At first glance, it’s an easy tell: volume …
Day 13 – The Stop Loss Commodity
How much Money required for Commodity Trading What I like about this chart is the bounce and repels cleanly off the support and resistance levels. The first couple of lines …
Day 12 of My journey of Stock Market Investing as a Side Hustle
Back to the grind of finding major reversals and good entry points: “buy low sell high!” In this example, we can immediately see two lows. At first glance, they look …
Read moreDay 12 of My journey of Stock Market Investing as a Side Hustle
Day 11: The hard bottoming charts
Below is an example of a problematic bottoming pattern to analyze. Let’s try to make things slightly more manageable, and draw the resistance trendline, which connects the price peaks. Just …
Day 10: The Mash Up Project
What I like about this bottoming pattern is that it looks like two separate charts that have been mashed together: the pre-November 2016 era was energy waste within an established …
Day 3: Good setup, bad breakdown
Here’s an example of a clean setup – JKNY, starting to make a crisp triangle, hopefully marking an end of such a deflating towards the end of 2018. The mid-2018 …
Day 9: The Failed Recoil
I like seeing basing patterns after intense bearish activity. And boy were the bears putting in that work in the downdraft! Up till the low point in November 2008, there …