There are no good paid courses for economics. Just watch free videos and buy some books
Connor Sullivan
It’s easier for people that don’t know how to trade to make money by affiliate scamming like this than it is to learn to trade and risk your own capital. I’m seeing scams pop up everywhere at the minute the most common one here is ‘forex robots’ give us your money and our robot trades for you 100% hit rate
Logan Price
Bitconnect pulled that old scam. It worked
Jonathan Lee
>it's 3am >and i'm learning how to read RSI is this productive?
Landon Garcia
none whatsoever. stop wasting your time.
Christian Allen
Yesterday I told you faggots to take your profits on the horse and run. But of course you didn't listen because you are delusional this meme stock will go to 60$ when we hav this contract!1
Isaac Price
People fall for it over and over, not realising that if somebody had a robot that could trade consistently forever they could just sell it to Goldman Sachs for a 100 million
They would use it themselves and turn $200 into 10M in a year or less.
Daniel Wilson
>BIG HUGE COVERED CALLS INFO DUMP The week of July 13-17 has HUGE MAJOR EARNINGS! Below I've compiled a list of three categories (good, neutral, bad). Each row contains: Ticker, analyst sentiment, call strike, and premium as % of market price (taken EOD Monday July 6)
>Good TSM bull 62.0C 2.4% You can hold TSM forever. Its the best shit. Who cares if it goes up or down. C bull 52.0C 3.8% Banks are in a tough spot, but there is some promise in this one USB bull 37.0C 3.2% Bank, see above MS flat 49.0C 2.8% Bank, see above BAC flat 24.0C 2.9% Bank, see above BK bull 39.0C 2.6% Bank, see above EBAY bull 56.0C 2.6% Ebay is tech, and while I despise Ebay, it will probably do good with everyone selling shit desperate for money.
>Neutral FNF bull 31.0C 2.2% Investments companies are probably doing good SCHW bear 34.5C 3.6% Another investment company, not as good as Fidelity though CFG bull 25.0C 3.3% Meh bank RF flat 11.0C 3.2% Meh bank TFC flat 37.5C 3.1% Meh bank NUE flat 42.0C 2.0% Steel manufacturer, ok financials but probably wont do well AA bear 11.5C 6.1% Aluminum manufacturer, been dying, so probably wont do well SNBR bull 46.0C 3.7% Sleep number, people still need beds I guess?
Backtest it. Meaning compare what it said against what the chart did, see if that would have given you useful entry/exit or not. Keep in mind RSI buy and sell signals are not when thing moves in to oversold or overbought territory. You're supposed to buy or sell when line crosses out of those fringe readings and in to the center meaty portion. Ie, buy when line crosses from below 30 to above it. Sell/short when line cross from above 70 to below it.
It ain't great but that's the intended use.
It's a shitty indicator that biz media really likes to use in articles and tv programs for whatever reason. RSI and MACD is THE shitty combo for media and new traders.
Hunter Davis
i'm up +850% on my tesla call jesus fucking christ should have put in more than $5k
Exactly, if it can produce compounding returns infinity is the limit. My assumption is these robots might trade fine for a few months then the market atmosphere changes and they blow up and margin call all the account attached to them
My prediction is the bots don’t work at all. WAY too many variables that aren’t even included in the algorithm.
Easton Ortiz
hmm alright thanks for the tip. you say MACD and RSI are shit then what are good forms of TA?
Brody Gutierrez
Yaya! Good post, I want to get back into the covvies rather than the verties They're okay, bollinger bands (add keltner channels for double strength) and just plain moving indicators are the nicest beginner indicators in my opine
trading view interface is very hard to shift throught so i'll have to look through it. Honestly maybe it's my undiagnosed autism but RSI isn't that hard imo i'm probs gonna have problems apllying it but it's p easy to understand.
Carson Gray
Thanks for your postings. How confident are you on this particular one?
The more important thing is that you learn how to backtest indicators. Pick any chart. Go back a few years. Slap on an indicator, make comparisons between it and price action that happened after key areas in the chart. Mainly look at what it had to say around reversals. If you were using indicator in question, did it tell you to sell before a major drawdown? Did it tell you to buy shortly after bullish reversal? Was is late or early? Was it even close?
If it's way off all over the place you can toss it directly in the garbage. If it's pretty close, fashionably late on entry and pretty quick on the exit, it's worth testing more. Try fiddling with the settings to see if you can make it better. Go through and mark entry and exit signals, measure how much you would have gained or lost. Some indicators will be good for entries but not exits and vice versa. Some work better with longer time frames and some with shorter.
None of the stuff I use is popular. I put it all together backtesting like I just described.
Damn dude how many lines do you draw on your charts? By the sound of things you must draw a lot of lines. Are they different colors? Are some straight and others squiggly? I bet your charts look really cool
Adam Sullivan
InTheMoney is actually one of the better ones. He's not a "here's how I made $1,000,000,000,000 on the market with 1 trade. Buy my book." Plus he uses Robinhood so most of the helmet wasting retards around here could learn something from watching his videos.
Evan Sanders
she fell in the big coffee bup
I don't draw lines usually. Indicators do all that under the hood if you set them right. Main strat involves three indicators, one of which is more of a moving average neutral thing I use to quickly check if trend is up or down at a glance.
TSM is good no matter what happens. Otherwise, the "good" category will be pretty safe and if you need to hold it shouldn't be a big deal. FNF is probably pretty safe safe too. Like I said though, do your own research! You have a few days to lock in. I usually buy on a red day, then sell calls on the next day.
Brandon Bell
Yaya it's real easy, remember a high (even very high, above 75) is not necessarily indicative of an incoming downturn, it can signal good breadth and momentum. It works better on a long-ish time frame, taking it as gospel on less than 1-day candles can be dangerous
James Reyes
Shkreli's series on investing is the only thing I've ever watched that really helped me.
His advice was, don't invest.
I figured I'd have some fun, and have made $1500 off $5000 since March. Which is pretty terrible, but I'm learning (that stocks are retarded, or I'm retarded, or this market is retarded, or some combination of all three) and having fun.
Hey, /Aus/fags. What’s the best stock broker here? I’ve been seeing ads for Plus500 and EToro and they don’t have commissions but I’m a bit weary anyway [spoiler]and they’re owned by Israelis[/spoiler] What do you guys think of them? Should I just trade through my bank?
Christopher Green
>crash there won't be one lol $2000 before august
Julian Carter
>someone kept on buying TSLA calls over and over and over again for seven months and turned $6k into over $1m Ok, lesson learned: it doesn't fucking matter what kind company it is or what it does, whether it be pragmatic real economy shit or pie in the sky decades from real profit crap, if eight million people give them twenty percent of their paycheck a month and the state and/or country they're located in give them huge tax breaks, just go with it.
