Author: abhinavbhasin
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Resistance
Definition: Resistance is a price level where a stock tends to stop rising and may start to decline. It acts like a “ceiling” for the stock’s price. Why It Happens: At the resistance level, there is generally enough selling interest to prevent the price from rising further. Sellers are more willing to sell the stock…
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Support
Definition: Support is a price level where a stock tends to stop falling and may start to bounce back up. It acts like a “floor” for the stock’s price. Why It Happens: At the support level, there is typically enough buying interest to prevent the price from falling further. Buyers are more willing to purchase…
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Level 2 and Time & Sales
Level 2 (Market Depth) Level 2 is a real-time display of the order book for a particular stock. It shows the highest bid prices and the lowest ask prices, along with the number of shares available at each price level. Essentially, it gives you insight into the supply and demand for a stock at various…
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8/16/2024
On trading sim, I reset my account back to $25k. I looked at the screeners and figured out how to look for pre market change. CING was on top, I looked at the chart and made like a parallel pattern pre market. Pre market thinkorswim bet wasnt going through (This might be a problem, if…
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08/15/2024
I sold all 21 shares of Svol at $22.52 for a 4 dollar loss and bought 20 msty at $23.45. Since svol pays out 17% apy while msty is 100%apy. My monthly income goes from $6 to $38. But looking at lpsn, I could make close to 200% a year if I buy below $1.5…