My bias was to go short using the DOW theory strategy at the beginning of my trade, along with with an ATR indicator and a few other time frames (1 min, 90 min) this is a 30 second chart. 103 handle move. Now just need consistency! I used a trailing stop loss to maximise profit.

I was first introduced to trading last year by my friend who was a trader at the time, he's taught me a lot since he's been into it quite a few years himself. I haven't actually taken trading seriously until September this year as I was discouraged and intimidated by how much I didn't know and thought to focus on my music instead, quickly realising that I don't have enough time in the day to do it properly and I needed some way to free up a lot of time, at this point I rekindled my passion for trading and here I am today! Just listening to the episode Technical analysis Vs Fundamental Analysis of the Tyler Stokes Day Trading for Beginners podcast I had a massive realisation. "Price action discounts everything". As a person who always did a combination of both types of analysis, time and time again I was all up to date with the news, by the time I went onto the charts to start trading, the movement already happened, but in my mind I was still waiting for the "reaction" and no wonder it never aligned! Because it happened at the time the event I read on the news actually happened, not when the news article is published! From now on I'm gonna rely on discretionary trading + technical analysis, I'll update how that goes. Don't give up on your journey, you'll have your eureka moment too 🙏

I put on my first paper trade and wanted to share the analysis with the group. I have outlined the analysis in a video you can watch here in the Trading Strategy Course under The Great Mattsby section. I will link the video to this post as well. In the video I explain the analysis behind the trade. I entered PLTR at 36.84 and exited at $40.35 a few days later. A couple considerations about this trade: - This is not a day trading strategy as mentioned previously. However understanding market symmetry seems like a great skill to acquire and that is what this strategy entails. - I am a beginner, therefore this is NOT going to be great analysis. I'm still very much learning how to use various indicators and tools for this strategy. My analysis could certainly be wrong and not precise. - I exited the trade without clear indications that the stock was not going to continue to go higher. With this strategy selling at resistance is important, however I may have exited too early. - This is not financial advice. I would encourage you to take action and actually make some paper trades if you haven't. Making trades like this and trying to explain the analysis and thoughts behind the trade has been very helpful in my overall understanding. You obviously don't need to post videos to the group about your trades (you can if you wish), however you might find sharing / discussing your trades to be helpful. It's so easy to watch other people analyze and trade stocks. They make it look so easy. But like anything you need to practice and fail to get better. So would encourage you to start making some paper trades and share them with the group if you wish. * I hope to create a module specifically about Gann Theory in the near future and will add it to the Technical Analysis Course*

good to be here and like to say thank you for all your information

I wanted to share a trade I did today where I gratuitously drew the trendlines and support/resistance lines as the trade played out. The stock was MU and I took a short position on it because a) the market was down b) the stock's D1 chart was very weak c) the stock was well below VWAP (all hard rules I have in my developing trading strategy) I thought it was interesting watching how the price action nicely respected those lines as the trade played out. It gave me a lot of confidence knowing where the price was going next, where to watch for breaks and when to scale up my position size off rebounds of resistance. Lemme know your thoughts!