How to Profit from Multi-Day Runners with a Smaller Account.
Вставка
- Опубліковано 12 чер 2020
- Join Freedom Challenge: www.stevenduxi.com/freedom-ch...
Sign up for StockCraft newsletter here: stockcraft.net/soon/
My Only Official Social Media Accounts: linktr.ee/Duxtrading
,We do not have any other social media accounts.
I teach Statistical Penny Stock Strategies for Beginner Traders. We focus on Momentum Trading Strategies including Parabolic Short! All of our classes are available for immediate streaming at www.stevenduxi.com. I will not reach out in any type of form to ask for your personal information. I do not manage your bank or brokerage account and there is no exception. All sales are done under the domain stevenduxi.com. Please don't get scammed.
/// Follow Us On:
Instagram: / stevendux_1994
Twitter: / steven1_994
Facebook: stevenduxmen...
Quora: www.quora.com/profile/Xiuxian...
Linkedin: / xiuxian-du-683a4b18a
Medium: / stevendux
// Disclaimer: www.stevenduxi.com/disclaimer/
// Contact Us: www.stevenduxi.com/contact-us/
#daytradinglive #livedaytrading #howtodaytrade #daytrading #stocks #stockmarket #Pennystockmillionaire #learntotrade #market #trading #trade #howtomakemoney #business #millionaire #Asian #selfmade #income #invest #investment #finviz #hot #profit #howtodaytrade #daytradingforbeginners #daytradingstrategies #pennystocks
- Multiday runners criteria: beginning cap: 10-100m; float: 10-50m (10-100m is okay, but over 100m is a little tricky. It has to get really crowded to become a float rotation stock and if over 100m, it doesn’t meet ideal range). Minimum extension for multiday runners: (neutralised price before run to highest point of multiday run) is typically 2000-3000%. 3) identify key points for momentum change/ break and cover points. So, before volume starts coming in is the neutralised price to calculate extension%. The first bigger volume green candle is the support.
- As the stock breaks it’s support level. That level becomes a new resistance instantly
-
- This is not perfect odds for multiday runner on first try because you’re risking $3 to making another $4. Risk reward around 1:1. You know the stock should lose 50-75%, and there’s support around $4, so dipping around $4 isn’t bad. Selling point is below the $8 area. So on average you can make 20-25%
Glad I recently found you as I am now watching all your previous videos - eventually looking to join your group. I appreciate your intuitive thought process (and sense of psychological, fundamental and technical analysis.) Thank you for posting your videos. You are kind and helpful. Paul Kennedy
Love the editing so much
Today is my birthday and you happen to make a video on it! Thank you for the knowledge!
Hi Steven, question here,
How come we have to find the starting marketcap by dividing the current marketcap by the current price? And not use the current marketcap shown? Thanks!
Thanks Steven!
Mr. Steven, do you have a video about what exactly do you mean your requirements? How can i know about what's the floating, etc?
Excellent video........ thanks for sharing!
Thanks so much. Great information. :)
@Steven Dux. Can you share how you track the statistics? How you can tell if a certain pattern has a certain winning %?
Really loving your videos😃
Thanks for the tips steven
This would be really good for small accounts, great content
yea, the downside, but u could find ur way around dat, I suppose.
I would just add that it’s always how much you could’ve made. Not how much you actually made. You’re never always going to be able to predict the top. If you’re green, you should be proud for managing risk well. And fomo’s just a thing if you let it be. I have to remind myself that I make more in my first hour of trading than I did working a week at my 9 - 5.
This is so true. I just made $441 and that is nothing compared to what these professional traders are making but If I stick to my plan hopefully I can become one as well. The first thing I said " I wish I made about a few thousand" but then I remembered I just made more in a half an hour then I make in my 9-5 job in a FULL DAY.
Made $180 on CTIB Friday! Thanks, Steven. Went live this month, green on 4 out of 6 tickers. Do you offer a free 5-day trial for your Tier 1?
Thank you very much. Your video is useful (y)
Hey man, what websites do you use to trade or what brokers?
Is there a way to quickly calculate the volume of a previous day? The volume of the day is shown in the basics box but I havent found an easy way to go back in time and see the volume just as easily.
thank you
Great video Steven, but 1 question. You mentioned one of the criteria is Market Cap should be between 10-100M, but as for the first ticker, why did you divide the market cap with the price? that means its should be shares outstanding instead of market cap?
GNUS was a beast! Thanks for the great content!!
Did you catch $JFIN wendsday exactly like your MBOT trade early last year
solid vid
Do you trade/teach options?
To find the starting cap you divide Market Cap by the current stock price correct?
Love bro
.
Noob question. Would this apply to options trading?
*Which is better ?*
*Algo Trading or Manuel Trading*
Does anyone know how well the educational tools cross over to U.K citizens and what prices they are no prices are on the website?
interesting video. thanks
how to I know which stock to pick or search for to trade;
How and where did you study to know all this?
I need to learn more first before being able to understand this. I ve been swing trading larger things for years now trying to learn shorter term trades. I use finviz to screen any free real time tickers screeners you recommend? what do you think about options do you buy or sell those? I doubled my profits but now not sure if I should just play it safe to slowly grow it or use a part of it to try to get to larger numbers
It's as safe as you make it as long as your risk/reward & discipline is good you wont have problems, short of trading extremely poor setups which get halted overnight when you're long & crash 70% lol. If you're not rich already this is good.
How can I float rotation as an edge?
This is for shorting?
I'll take 70% any day!
What is your outro song? sounds familiar
Hey Dux, anyway to get the float/outstanding shares/market cap for stocks from a few months ago for my statistics sheet? Thanks bro! Still waiting the song name at the end of the videos lol
1000000000 1000000000 Nope! Finviz will give you float and market cap for the same day. It will not gave you that information from previous days. I want to study tickets from the past but wanted to know the market cap during those times. :)
@@samir9648 Yeah I noticed that as well lol, but thank you
I don't understand why you divide the market cap. If that is how you figure out market cap zones I've been doing it all wrong. I always multiply the shares outstanding and the price of the stock to get the market cap
what does he mean about accurate market cap at 2.30 ish
Finding 2000%extention is quite hard. And it does not mean it will dropback.
Where are u live right now bro?
Hi Steven
How do you manage your Risk Management everyday to stay consistent in Trading?
*Stock from .53 cents to $12.00 (~ 24X) isn't 10,000% gains!! It's ~ 2,400%. So when you said minimum extension 2,000% - 3,000%. Do you mean 200% - 300%?*
I did a bit of any eyebrow raise when he said the minimum extension % lol. You'd be missing out on a lot of opportunities.
Yeh same thought here
@currypower007 He got his statements audited.
Lol u think he gives a sh*t? He still makes more money than ur entire family.
@currypower007 he does live trades if you sign up with his course. you just admitted that he gives sensible teachings so what's the problem?
Hey Steven How did you find the minimum extension. What’s the math?
For his extension criteria, he simply looks at the stocks recent lowest point before slowly rising, and the stock's highest point. In this example he said he calculated 10,000%, meeting his criteria of over 2-3,000%
You used to have an old video covering the same topic. Can you reupload it again please? I'm sure you took it down because it was too good to be free lol
how did he calculate the float?
what is minimum extension?
do a live trading video next
What broker do you use Steven?
He uses trade zero
As key levels get tested more, do they become weaker or stronger. What do y’all think and why?
For overhead resistance, multiple strong attempts on higher highs could make that level weaker. When a stock loses momentum, it makes lower highs. It doesn't even have enough volume to attempt a second or third breakout. I was shorting TAL, and saw resistance at 57 to 58. It had tried about 4 times to break through in the past 2 months. I shorted at 57 and it broke higher. And maybe volume is a factor. If key levels get tested on decreasing volume, they would seem to become stronger. I was shorting Weibo (WB) and the price was decreasing toward a key support level, but the volume kept getting smaller and smaller. And then it bounced, and price went higher for the rest of the day.
@@bigding8977 Not sure about Weibo(since idk what time frame you are talking about), but for TAL, shorting at the 57-58 level is very dangerous(assuming you are talking about the resistance at May 20-28). In my experience, the overhead resistance doesn't become weaker or stronger because of volume and repeated attempts. Steven's high probability volume patterns are really powerful for low-float stocks BUT NOT IN LARGE CAP TICKERS such as TAL. They might work wonders in penny stocks but I wouldn't know since I'm not actually good enough to trade those(I trade large cap stock options). Like you said, you should be looking for lower highs and higher lows. Leading up the resistance at 57-58 for TAL on May 28, there was a series of higher lows. This tells us large-cap traders that there is a validated uptrend where we can look to go long on dip-support levels. Generally, a rule of thumb is to NEVER SHORT during uptrends and NEVER GO LONG during downtrends unless you are looking for very short term profit. Hope this helps!
@@desmondwong740 Thanks man, this is a great lesson. I had to learn the hard way. Yes, I shorted TAL in May. I also trade mostly options. Thanks for sharing your insights. This will save a lot of money and frustration going forward.
@@bigding8977 When you look at those low float, they are usually pump and dump. For example, they have no basis of fundamentals, not profitable, and their prices have no relation to what they are doing so the time they spend staying at the pumped prices are relatively short compared to their normal trading days. So the whole thought process behind shorting those low float or garbage stocks is that it would eventually go back down so you just wait for signs of weakness. There is a strong emotion behind those pumped stocks because everyone is in ONLY for the ride and most people are in solely because the fact that the price was on a strong uptrend. Basically, people just buy it because it goes up and you can't blame them as it's the only thing matters in trading! So when prices show weakness, it would drop back down to where it was first pumped and a lot of time lower.
On the other hand, TAL for example, is a real stock with real business which makes profits. The resistance you see is just an area where people take profits. It's not a strong emotion because buyers buy it for good fundamentals and sellers sell it for profit-taking.
When you trade a ticker, don't just look at setups. Look at the emotions behind it.
@@desmondwong740 One of the most powerful emotion is uptrend profit-taking as we saw last Thursday on SPY. Sometimes the STRONGEST intra-day trend is a counter-trend for the daily chart. SPY, Air lines, Cruise and all those short opportunities are over-extended uptrends.
Don't just go long on strong stocks or short on stocks which gap down the most. If trading were that easy, everyone is profitable. Look for signs of strong emotions, it could be counter-trend, trend-following or whatever. It would make your trading more flexible.
honestly i find shorting so much easier bro made $560 last week which is over 30% gains on my account! I started off buying and just could never figure it out like I can shorting.
Why does he divide the market cap by share price. Does that determine the actual market cap?
Dividing the market cap by the share price will give you the total number of shares
Lennard Neuwirth Sorry I had been getting so confused watching too much of these videos haha but that makes a lot of sense now. Don’t know if you know but how do you figure out the float? I understand you divide the restricted shares by outstanding shares but where would I be able to see how much restricted shares a company has available?
I am just a 12 year old kid and I watch this cause 8 find it very interesting you videos are very helpful especially cause were looking from a guy who made millions from this and for you to give us this information for free is just a big reward itself awesome video
I
Sorry about my spelling I meant
Cause were learning
Why did he divide 445.05/4.62? What is it for?
i want to know the same thing - whats the purpose of the accurate market cap
@@dianalynnc4236 something seems suspicious. he shared an ig story yesterday showing his "students" making from 4k-21k in 3 months. I noticed the daily trades which should not be possible due to PDT rule. I called him out and he deleted the story. Fishy..
Why doesn't 2m-10m float work for multi day?
I suggest everyone look up First Red Day setup. BEST WAY TO TRADE THESE MULTIDAY RUNNERS.
@@revl6151 BRUHHH WOWWWW. lol. That's funny af tho.
It would help more if you can post live day trading videos with commentary so we can understand your mindset, entry and exit during trading. It is easy to talk about strategy in general. It is the actual trade that is a different ball game because of emotions. Appreciate your content though
you would unfortunately have to pay a few thousands dollars for that.
@@alextaesung yeah man. I understand. But in hindsight, it's easy to explain strategy. Not a big deal in that
Anyone with basic experience and understanding of trading can explain a strategy in hindsight.
how to find extension of stock
He means stock's % gain
GNUS looks like a classic Pump and Dump a lot of Facebook Traders mentioning GNUS... but my older brother did well last week trading Boeing Puts and Tesla Puts... hey Steven I just have a question are you an Interactive Broker Options Trader
Hi Steven
If you see 3 to 4 Tickers that has the same Setups/Pattern 80-90% win Percentage Pattern Statistics at a time and fits all criteria...Do you Trade those 3 to 4 Tickers at a time?
where can I find the float ?
finviz is good for free but stockstotrade also has it but it costs
It’s not 10000 gains. It’s around 2000 gains but still meets the criteria.
first
sad story is i didn't get share's to short for $DGLY & $MITT for 2 days
Watched on 1-13-22
GNUS IZEA ECT
Tell us more about hetz
The best way to short a multi-day runner which is extended like GNUS, is to wait for first red day and see how it reacts to the open price, at the bell draw horizontal line at the open price, wait for price to go under open price and watch how it reacts when it bounce back to open price, if the bounce doesn't go back above open price, short and set stop loss above open price. If its a multi day runner extended chart 90% of the time it will work. K.I.S.S.
what broker is he using?
Hey can you do a recap video of last week 6-8-2020 to 6-12-2020? You made 500k that week and 230k on friday.
Has anyone been trading this pattern in 2021? Has anyone found a better long / dip buying strategy / pattern from Steven that's been working well for them in 2021? Thank you in advance.
Dux is the best trader hands down.
Thinking of a way of generating money.. while sitting at home.. why not try trading in the forex market. Forex (foreign exchange) forex being an online platform where the banks exchange currencies there aim is to generate profits by speculating on the price of one currency compared to another. Forex is one of the largest financial market in the world with a total daily liquidity of 5.3 trillion dollars...
My friend come to the point, dont make this complicated and confuse the new traders
什么时候讲中文课啊？我第一个参加
Second lol
I think GNUS is a good long play too. Company will probably get bought out, it’s basically Netflix for children, haha.
Hey steven. Can you please be my mentor. I barely started and idk what volume, float, RSI, red and green candle stick means, and looking at the chart pattern.
So use google
I dont know how .53 - 11.73 was 10,000% gain? Somebody help me with my math please!
Its not its around 2,300% gain. I think he accidentally said it.
thank you
first