Daily Dose

02/21/2021 01:12

Indicators serve an important purpose for technical traders. Some will use the bare minimal while others use several. All serve their purpose and an argument can be made over each. We’re going to go over one that I find very important and that is moving averages (MA).

Simply put, moving averages smooth out price data depending on the given period of time. The common increments used are 9, 20, 50, 180, 200. There’s no rule to what ones you use, however if other traders are acting off certain increments, those would be ones you’d want to use... right? I personally use 20/50/200 on my day charts and 20/50/180/200 on my intraday charts (every trader is different). (Multiple screens help avoid cluttered charts, the screen that I buy/sell on is fairly clean with limited indicators).

Without going too in depth, there are two types of moving averages: Simple (SMA)/Exponential (EMA). The main difference is EMA puts more emphasis on recent data points.

Now the bread and butter, how do we benefit from them? Let’s start with ones that are easy to find. Golden Crosses (50MA crosses above 200MA)/Death Crosses (50MA crosses below the 200MA). One can indicate and uptrend (GC), the other may indicate a downtrend (DC). Both are important to watch for. Examples are in the first two pictures below. Another way to play MAs is when they act as support or resistance. Have you ever heard the expression “history doesn’t repeat itself but it often rhymes”? This is a good example of that. Often times, charts/stocks will bounce several times off certain MAs/they can also get rejected by MAs several times. If you see that within a chart you can make plays off it. Again, examples are in the last two pictures at the bottom.

I know these are long but if you have the time to read through countless/meaningless comments on WB, you should have time to read through a meaningful one. We have a community on Telegram that’s growing fast (over 750 members). Traders at all experience levels learning and profiting together. For those interested in joining our community, feel free to message me on Telegram @Daily_Dose_Trading. I will add you to the groups from there. If not, that’s cool too and I hope this helps! We are starting our paper trading contest on Monday, don’t miss out! (Details are in the picture below).

(Note: You want to look for your Golden/Death Crosses on day charts. MAs acting as support/resistance can be found on any timeframe.)

$Genius Brands $AMC Ent Holdg $SUNDIAL GROWERS INC. $NIO Inc. $Ocugen Inc $Castor Maritime Inc $XPRESSPA GROUP $IBIO $Jaguar Health $Sorrento Thera
Jaguar Health-0
Ocugen Inc-4
Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. Webull is not responsible or liable in any way for comments posted by pur users.


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All Comments(15)

Pelt02/21/2021 16:10
It isn't called "*Pattern* Day Trading" for nothing. Find your patterns, the ones you can most easily identify for yourself, go test your patterns with the Paper Trading to see if they hold, then apply to your real money strategy after testing.

Daily Dose02/21/2021 16:11

Nice add


GG02/21/2021 11:39


dillweed1202/21/2021 04:41


Rob***com02/21/2021 04:28
I personally thank you for that great piece of knowledge. I will take this and study it.


Rav***com02/21/2021 04:26
Im very new to this also, im ripe for the learning, i would love join and learn


$hiva02/21/2021 03:30
This was Amazing Info

keep this in your Phone Guys dont let others make judgements for you

Daily Dose02/21/2021 03:34


Daily Dose02/21/2021 03:33



KBux77702/21/2021 02:33
What’s telegram?

Daily Dose02/21/2021 02:37

A chat app

Daily Dose02/21/2021 02:33

It’s in the main post... @Daily_Dose_Trading


hemicuda02/21/2021 02:12
Brand new to Webull and trading, thanks for a great post. Gave a follow and looking forward to more!

Daily Dose02/21/2021 02:23

Check us out on Telegram! We provide insight/info like this everyday.


Cheffro02/21/2021 02:03
This is great! Still new and this is very helpful

Daily Dose02/21/2021 02:04

Thanks mate!


PR02/21/2021 01:48
How much we owe u ??

Daily Dose02/21/2021 01:48

A fIrm hand shake


Daily Dose02/21/2021 01:39
If you find this informative, repost it and give the main post a like!


Madmartigan02/21/2021 01:38
great analysis 👍

Daily Dose02/21/2021 01:39



Yeetosaurus02/21/2021 01:31
Good read! Thank you.

Daily Dose02/21/2021 01:37

No problem!


StreetTrades02/21/2021 01:20
who cares its not Castor!!

Daily Dose02/21/2021 01:20



$$tampa$$02/21/2021 01:20
Thank you for the knowledge. Much more insightful than the usual nonsense posted around here.

Daily Dose02/21/2021 01:20



Hot Article
$SUNDIAL GROWERS INC. Hit the like button if you're holding. What was your buy in?

#Options Trading #WEBULL TWO YEAR ANNIVERSARY Baby Bull 03/05/2021 21:05

What a week! I had to average down aggressively on the tickers I am holding such as
$Triterras, Inc. , $Aprea Therapeutics Inc , $Ebang International Holdings Inc. , $Tyme Tech and I used almost all trading strategies I explained in my posts and emails. it was a rough week.

Then I decided to trade /scalp "safe" options from $TESLA just to make up on my portfolio. I am happy to share that I made 120% today on my day trading portfolio.

I don't want to show off or even to show how much I made but would like to encourage you that even with bad volatile days you can do more than that. I wasn't using all the money in my portfolio on TSLA's options , In fact I only used 30% on the portfolio money at each given time.

Please be encouraged and make sure that you develop your trading skills to make profitable trades. I had also rough week on my long term and I had to do rough decisions at few of them just to average down and break even. I exited 6 long term tickers and kept 7 of them. I am holding 9 tickers in my investment portfolio

have a great weekend everyone ✌😎

Twitter and Instagram : TheStockDataStockdata 03/05/2021 23:22
$AMC Ent Holdg Not to mention #SaraEisen is a racist bigot apparently. #CNBC just refer to one of our biggest share holders as “The Chinese”. They have a name, it’s Wanda. Which our leader corrected her on perfectly. Let’s get #CNBC and #SaraEisen to use their massive platform to apologize to you AMC share holders. Let’s keep AMC in the media. More attention is great attention!$GameStop $NIO Inc. $Genius Brands $Naked Brand $Castor Maritime Inc $Zomedica Corp $Zomedica Corp $XPRESSPA GROUP $Nokia Effect 03/06/2021 00:20


Take a sigh of relief, boys- we’ve weathered the storm!

I forecast blue skies and moon landings in the future.

Today, the DOW spiked nearly +2%
Circuit breaker shit. 💥🚀⭐️🇺🇸

I prepared for yesterday and today by having ample BP to open and avg down on LONGS.

Im happiest about getting
$ARK Innovation ETF at 116. And SOXL at 32. SOXL is a 3x Semiconductor ETF. this thing is a A+ tier long at this level imo.

Didnt get my target low on $SOS Limited or $FuelCell Energy
Or $NIO Inc. .:( DEF SHOULD HAVE SOLD OUT OF FCEL and rebought way more at 13ish low. Unhappy with gettiNg too few SOS.

Missed the boat on $Castor Maritime Inc load up. 😭

Adding 3 $TESLA around 609.28 at 3:01AM, monday morning for a cool 633ish avg. misplayed here by
A. Not reserving enough liquid after buying spree
B. Fell asleep and missed under 600 today
C. bought 2 at 720, 704 On the fake recovery

Shouldve followed my gut and loaded at least 5-10 $C3.ai, Inc.

$Palantir Technologies Inc. reluctantly admitting it was ok to avg around 24 but i still feel like missed the 23.5ish Bottom and i shouldnt have.

$Virgin Galactic Holdings Inc
Didnt do well here, shouldve avgd to 28.6

Let me know...

How you guys did?
Was our TA similar?
if you guys can recommend any adJustments!
If You need me to take a look at anything.

Looking to swing DOGE, $Bitcoin and ETH this weekend! Couple adds if possible on monday morning and playing the daily runners.

Then ill be looking to skim tops of my winners and reinvest in underperformers/overperformers as applicable DuckTrader 03/05/2021 23:11