QQQ & SPY 4hr chart, YTD view

21 Mar 2021

QQQ & SPY 4hr chart, YTD view. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. This is for educational and entertainment purposes only. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tradingview.com/u/growerik/

21 Mar 2021

Not

IMG

23 Mar 2021

Not

Today, Tuesday 3/23/21, is one year since the March 2020 covid market crash bottom. My thesis on the recent market shakiness, is that dip buyers of the 2020 covid market crash, have become sellers 365 days later taking profit in 2021. The 2020 covid market crash began on February 20th 2020 and ended April 7th 2020.