This website is intended to provide insight/information into my trading technique. I will do my best to provide you with advice, guidance, and support.
Additionally, I do not offer any type of subscription service and I have no intention of charging you for any advice provided.
Which time frame is used on the intraday chart?
I use the 5 minute time frame. Every 5 minutes a new candle will form showing you the price movement within that 5 minute range. I use this time frame to execute all of my trades.
What charting software is used?
The chart that I currently use is within the Robinhood app. I do not use any other charting software.
What trading platform do I use?
Currently, I trade exclusively on the Robinhood platform.
What technical indicators do I use?
My trading technique analyzes a stock’s percentage change within 5 minute time frames. I do not use other commonly used technical indicators, such as Relative Strength Index, Money Flow Index, MACD, Bollinger Bands, etc. Additionally, I do not use support and resistance.
How do I know which stock(s) to follow and trade each day?
I have watch list of around 30 stocks that I monitor every day. I closely observe and track the percentage changes of these stocks throughout the day. I rarely trade a stock that is not in my watch list. These stocks are high quality, and mainly blue chip (i.e. Apple, Amazon, Facebook, Google, Tesla, Netflix, Nvidia, etc).
How do I know when a stock's price is about to change?
I don’t know the exact moment when a stock may start to see a reversal in price. However, I can estimate a possible reversal on the 5 minute, intraday chart based on historical trends. The more you track a stock, the more you’ll begin to see a consistent pattern in it’s price movements. This is how I calculated specific percentage changes with stocks on my watch list.
How do I determine the expiration date and strike price on Options?
The expiration date that I pick is usually 2 weeks out for all stocks that I trade. The reason for this is because traders are much more active within that time frame and therefore volume is higher (volume is very important for scalping). I try not to purchase contracts with an expiration 1 week and under because the Implied Volatility can be very volatile and you can easily get trapped in an IV crush.
I will almost always pick the strike price that is closet to the current stock. Additionally, I will pick a rounded number that does contain decimals. Almost always strike prices that are rounded have the best volume. For example, if you are trading Amazon and the stock price is $3,210. I will pick $3,200 as the strike price. It’s important to look for volume and IV before purchasing. An IV over 50% can be dangerous as that typically means the stock is volatile and you risk entering into a premium, overly priced contract.