Many new users, excuse my copypasta if you’ve seen it alrdy
Beginner Advice
Im a noob too- For beginners, I recommend starting small and looking for conviction plays in mid- to long-term investments with shares or long-dated LEAPS. These tend to have less execution risk and fewer mind games that can shake you out of a position.
It's great to learn and enjoy yourself, but if you have a small bankroll, focus on allocating your energy toward growing it through business, side hustles, or your career. These have a much higher chance of growth compared to trying to day trade $500 into $1 million.
Beware of anyone trying to sell you anything.
🍀
Blind follows (not advised, for gambling only):
-WTF (AfterHour 👑🐳) plays options a few months out, catches red day knives when he has a thesis behind the play and the underlying may be down unfairly. Often doubles, triples, or quadruples down on trades. Must understand the risk in proportion to bankroll, not the dollar amount. For example, if he bets $5 million and that’s only 10% of his bankroll, you shouldn’t go all-in. Caution with shorter-dated options as they can zero quick.
-Cantonmeow on X is a great follow for a more patient, higher-timeframe approach with shares, which has a higher chance of success. Gives his entries via tweets but is alrdy mostly positioned, still adds weekly with paychecks.
Recommended X Follows:
@cantonmeow my TOP alpha/follow - high time frame technical analysis- all shares , catches some knives, likes good entries
@StockPatternPro alien charts but is really good; nails a lot of the predictions
@ripster47 important short term news, intraday fundamental and technical trends
@miragemogul has had some great Low Time Frame calls on crypto/miners this year; respected technician
@briantycangco China news/perspectives
@financialjuice sometimes too many less important data points; economic news; can also sorted by priority here: https://www.fxstreet.com/economic-calendar
@ShortsellerST charts and pretty sharp guy; some smallcap gems
@marketmaestro1 charts, lots of tickers; patreon has a lot of color even with the non-paid access
some additional crypto specific follows: @TVRN20 @ChartingGuy @Crypt0mer @News_Of_Alpha @Dentoshi @QuantMeta
Super new to options? make sure to use limit orders instead of market orders:
When you buy options especially with larger spreads on smaller stocks and out of the money strikes, make sure you use “limit buy”. You’ll see a bid and ask. Typically halfway between will fill and is much better than market price. Start bidding lower closer to the bid then move it up closer to halfway if it doesn’t fill.
Also, first 30-60 minutes of each trading day often is more expensive premium since everyone is trying to get in then- although the individual moves of stocks can affect this.
Good calculator with IV slider- optionstrat.com “build long call” it will give you an estimate for your gain based on price of underlying at different points in time- sometimes using this with support/resistance crayons can help to plan.
https://imgur.com/a/qr0x1jj 😭
I’m not a pro but read (and ape) quickly, if you like the info I curate, follow @token on AfterHour as I post interesting finds in his daily discussion threads throughout the day.
good advice on taking profit gradually
https://x.com/TaikiMaeda2/status/1862546507859361993
TLDR don't hesitate to take 30% or a partial profit on pumps when your coin or stock/calls run -you can use that capital to redeploy into other coins when they dip or new launches that have good potential as well. if the original coin goes to the moon you still have a big bag left and are still happy