What if I told you that I had the key to it all? Get away from all this crypto pump and dump bullshit and come live a better life with me.
I'm sharing with everyone the secret to day/swing trading the stock market. This strategy works regardless of it tanking or mooning. With a good amount of starting capital, you can make good money with this. I am not rich, I make a good living at for my age using this strategy. I don't want tips, I don't want money, I'm not here to sell anything. The only thing I cannot give you is the exact code, I want to simply give you an idea of what it entails.
It is a strategy as old as time, yet idiots keep having the idea that you have to buy the bottom or short the top. But, nobody knows where that is. Piggybacking onto the trend is the most consistent way to get profits. If the trend is up, there's a far greater possibility that it will keep moving up than there is of it being, the exact moment you get in, the top.
Pullbacks. Pullbacks are the key to it. This strategy, shown in the pic, is a simple example of a pullback strategy. Like I said, I will not give the exact code/studies out, but it basically involves using a simple oscillator for oversold/overbought levels. Think RSI/Stoch/MFI. It also involves moving averages (yes, meme lines) only for determining the overall trend. (Actually it uses a few long term EMA's and one short term). Once the trend is determined, you will take all trades in that direction on pullbacks based on the RSI/Stoch/MFI/whatever.
Basically, on an uptrend, you will buy all pullbacks where the price hits oversold and begins to move upwards. On a downtrend, you will short all pullbacks where the overbought level begins to curl down.
That's it. I've tested this for years on many different stocks. This will only work on the 30min+ chart. I've had decent success using the 15min but even that is too unpredictable.
You're welcome, Veeky Forums Go out there and make money.