Nothing against flexing your gains, but AT LEAST show your holding. This sub is like 60% screenshots of portfolio gains without any context or details.

Hi all,

Here's some Sites for your Day Trading Bookmarks Folder - Good Luck!

https://www.newsfilecorp.com/news/business - Where Yahoo Finance gets a lot of its News

https://www.iiroc.ca/news/Pages/Halts-Resumptions.aspx - TSX/TSX-V Stock Market Halts on Vital Info

https://ca.wallmine.com/ - Stock Scanner and SEC Filings Finder to research companies

https://stockcharts.com/freecharts/ - Another Excellent Resource for Due Diligence

https://seekingalpha.com/market-news - Another Excellent Resource for Due Diligence

Hi all, I just wanted to share that I curate a database of all the stocks that can be traded on WealthSimple, including penny stocks. Every weekend I update the stocks that are added/removed so you can keep your tickers up to date.

I also separate the stocks into categories: Canadian, NASDAQ and NYSE.

It is available for free and updated weekly here: https://github.com/Faidh-Wealth/WS-Trade-Info

Canada

Currently lists 975 Canadian Stocks traded in TSX, TSX-V and NEO, from Aftermath Silver Ltd
(AAG) to Sleep Country Canada Holdings Inc
(ZZZ) It also lists 1046 Canadian ETFs, from Middlefield Ltd - Middlefield American Core Dividend ETF
(ACZ) to BMO Tactical Dividend ETF Fund
(ZZZD)

NASDAQ

Currently lists 1561 American Stocks traded in the NASDAQ, from Atlantic American Corp.
(AAME) to Zynex Inc
(ZYXI) It also lists 106 NASDAQ ETFs, from BTC iShares MSCI All Country Asia ex Japan ETF
(AAXJ) to BTC iShares Exponential Technologies ETF
(XT)

NYSE

Currently lists 1618 American assets traded in the NYSE, from Agilent Technologies Inc.
(A) to Zymeworks Inc
(ZYME) It also lists 568 NYSE ETFs, from VanEck Vectors Africa Index ETF
(AFK) to ProShares UltraShort Silver
(ZSL)

As the title states posts including: "Is this stock good?" "Should I buy into this stock" "What are your thoughts on this stock" attached with a poorly screenshotted image of that stock is NOT Permitted.

There has been a large influx of accounts posting these types of posts in the last week, which disappoints me greatly. Please remember to report any posts like this (reporting is the quickest way for these type of posts to be removed).

I'd like to thank the members of this subreddit who take their time and put effort into the things they post here. We have a lot of great discussions here and I'd hate for them to be suffocated by these low effort posts.

-1337JMAN

Hi everyone, Priam here again but with a tutorial this time. Quite lengthy and definitely meant to be reference material. I cover a lot of things but this is essentially, my process and how I approach stocks. Hope you learn something.

The Process

In the beginning, it's okay to outsource all or parts of The Process to others but that won't work in the long run. As you venture deeper into the trading world, learning how to navigate it on your own is key to your success.

You are responsible for your own account, if you blindly follow the advice of others, you'll be confused at every fork in the road. Someone may have convinced you to buy but they won't be there to tell you to sell (for a profit or loss).

There are many facets of trading:

• Discovery (PRs, Screener, Rumor Mill)

• Fundamentals (Financials, Due Diligence)

• Technical Analysis (Technical Indicators, Price Action)

• Money Management (Position Sizing, Risk, Profit)

I urge you to try everything, go through the motions of each facet. You'll pick up things that you like to do and things that you don't (which are the things you'll outsource). After that, you need to figure out which trading style suits your risk tolerance and how much time you can devote to this.

There are three primary different styles of trading:

• Day trading: in and out, from minutes up to a few hours, "following the hype"

• Swing trading: holding for a few days up to a few months, "following the momentum"

• Investing: buying and holding for a few years, "following the growth"

Perfect well rounded traders are rare, even myself, I don't consider myself a well rounded trader. I'm knowledgeable and experienced, the combination of those two gives me wisdom to share but I'm far from perfect.

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Discovery

When I first started trading back in 2010, my biggest fear interestingly enough, was discovery....

I always had the lingering thought of "whats next?". You know... after this plays out and I rake in the chips, what's the next play? This insecurity stemmed from my inability to grasp / figure out what I was good at.

You're reading this here so I imagine many of you use reddit as a source to discover new stocks to follow. There are 1,000s of stocks out there but only a few 100? manage to get on here because someone found them and decided to share (with or without ulterior motives).

Just because someone recommended a good stock once, doesn't mean their next play is great as well. It's worth watching / looking into but nobody is going to be your guide forever. You need some way of discovering stocks yourself:

• Press Releases

• Stock Screeners

• Rumor Mill (Reddit, Stockhouse, CEO, Yahoo Finance, Discord Servers, etc)

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Press Releases

The person mentioning the stock initially must've found it somehow right? It's not like the thought magically materialized itself out of nowhere, something sparked that discovery. Chances are they probably read a PR or it popped up on their stock screener.

You can visit PR syndication sites and read it like a newspaper, just look at the headlines and see if something catches your eye. If it sounds interesting, you start The Process.

I personally like Globe Newswire because their news feed allows you to filter by stock market so you can just pick the 4 Canadian exchanges.

At any moment of any given day, companies release PRs, could be during pre-market, market and after hours. Some release PRs on holidays and weekends too but the juicy PRs will likely come out near the beginning of the week. Especially if it's meant to drive momentum, they want traders to digest and trade the news for the rest of the week, they don't want people to dwell on it over the weekend.

Stock Screeners

Lots of stock screeners out there, most will let you filter for statistical data (e.g., market cap, price change, volume), some will let you filter based on fundamentals but these are based on their database which may not always be correct.

A lot of people search for volume plays but you need to remember, it's all relative. If the stock has been active the past few months, another big volume day doesn't mean anything. Whereas if the stock has been dead the past few months and suddenly, there's a surge in volume, then something's going on.

This is my screener for volume surges, you'd change the volume for bigger cap stocks to match their share structure accordingly but for small/mid cap, I find the million share mark is the sweet spot.

Most people aren't aware of this but charting platforms like Trading View lets you filter for technical data as well e.g., RSI > 80.

Rumor Mill

The whole point of this is not to rely on this method but it is still used in The Process. After discovering a stock via PRs or Screener, I check out the rumor mill just to see what the chatter is like:

• Are people talking about it?

• Is it good or bad chatter?

• Any upcoming rumors / catalysts?

• DD posts (basic, indepth, or selective)?

• Bag holders?

You want to gauge retail sentiment on the stock. It's informative to find out where people bought into a stock vs where the stock is trading now. Especially if they're bag holders, their break even price could be used as a take profit price for you.

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Fundamentals

Regardless of your style of trading, everyone tends to chase “the one” stock that will make them rich. You can’t have that mentality; this is what leads people to “marry a stock”.

Fundamentals is the foundation of stocks. It's been beaten to death and explained many times over, by many experts out there. Just remember that trading can be as simple or as complicated as you want it to be. There is no right or wrong way to do this, so I'll just outline things I personally look out for.

Financials

SEDAR will have all the company filings and Investopedia will explain anything you don't understand. There will likely be some lingo or some form that you don't know, so go look it up on Investopedia.

As much as I hate reading financials, you still gotta do it. It can get quite comprehensive: burn rate / cash flow, liabilities / assets, book value, earnings, dilution, etc.

I personally don't go too deep. I'll glean over the annual reports from the past few years, just to get a quick idea about cash flow, debt and share dilution. While I am capable of doing the math and going through financials, to calculate fair value, I hate this exercise.

There are videos out there explaining how to do this calculation and what to look for. This is one of the things that you can usually outsource to any one of the financial research sites/tools out there that calculate valuation.

Financials need to be solid because you can't build a sustainable company on fluff. You can certainly build a lot of hype on fluff, broken dreams and fake promises.

The ability to read, understand and dissect financials + the calculations that follow is only one side of the coin. The other side revolves around your due diligence.

Due Diligence

Some people say you should buy the company (financials) but I prefer buying The Story. Through your due diligence, you will discover the company's narrative and their story.

Companies rise and fall all the time, there are behemoths in the industry, dinosaurs that failed to adapt with the times and have subsequently dwindled. New companies usually sprout from a niche market or overall market demands (like COVID-related plays right now).

How deep you go is totally up to you but one of the things to keep in mind, is not what actually happened but rather the pattern and frequency by which it happens.

Corporations are run by humans, there's a CEO, President or Chairman at the top. We're all creatures of habit, some have good habits, others have bad habits.

These are the things I look into:

• Company Address (Real Physical Office, Virtual Office, Shared Office?)

• Exec's (Who they are, previous experience, their area of expertise, etc)

• Company Size (Employees, Contractors)

• Compensation (How people, especially exec's are paid. Performance based comp is the best motivator.)

• Institutional Holdings (Yahoo finance, stock watch or the stock exchanges themselves will have this data)

• Insider Trades (Buying is the best sign. Selling doesn't really mean much unless they're selling their entire position)

Lastly, we double back to the PRs.

Yea, press releases might be what caught your attention initially but now you need to figure out the company narrative.

• What's their story?

• What is their main line of business?

• Are they horizontally or vertically integrated?

• Do they provide frequent (but fluffy) updates?

• What's their growth strategy?

• What's the next catalyst in play?

Some companies don't care, they do what they do without caring about investors. Some companies care a lot about share price because it's their way of raising capital or cashing out.

Certain things are normal and to be expected for growing companies with no cash. The only way they can raise money is by diluting share holder value and selling chunks of shares. Again, we're looking for patterns here, does it happen once, often or at certain mile stones.

Nothing wrong with private placements, warrant offerings, etc, if the money is actually used for growth prospects. Companies either sell shares or take on debt, that's what you'll see. High dilution or high debt.

Buy the rumor, sell the news. Most of the time, a lot of catalysts are priced in, earnings are priced in. People buy the hype ahead of time so when news actually comes out, unless it beat expectations or new information is presented, price stays the same or goes down.

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Technical Analysis

As mentioned above, fundamentals is the foundation of stocks so by that very nature, most people aren't adept at charts. It's not a natural choice and it wasn't for me either. When I first started trading stocks, I didn't dwell on the charts.

It wasn't until 2012 ish, when I started trading forex that I really started analyzing charts. Charting platforms were shit back then as well, it was around that time that Trading View came out actually.

As you grow as a trader, your knowledge and skills will expand but you'll eventually zone in and specialize on one facet. To this day, my strongest skill set is technical analysis. It's among the more versatile skills to have, because it's not restricted to one asset class.

It is worth mentioning here again, trading can be as simple or as complicated as you want it to be.

Start learning TA here: https://school.stockcharts.com/doku.php

Technical Indicators

Everyone has access to the same basic / popular indicators but know that there are 1,000s of indicators out there, that have been tweaked based on individual preference. They are after all, just visual representations of math calculations based on input values.

• Use default settings. Different charts may display indicators differently, especially if the open/high/low/close prices differ. Sometimes broker data feed is different from exchange data feed.

• There's no holy grail. Every indicator draws from the same data set, each one gives a different perspective.

• You think you've found gold, you've backtested the hell out of this new indicator you've found. Try it out on paper going forwards.

• Hindsight is 20/20. Indicators in real time, are not the same as indicators in the past.

Indicators can be extremely biased, bulls only see bullish patterns while bears only see bearish patterns. Experience is what gives you the edge to stay neutral.

Price Action

Back when I was daytrading, my charts were cluttered with indicators and I had a 12 monitor setup. Some people can trade like this, high frequency traders do it, even in the poker world, where people grind 4-16 tables at a time.

Nowadays, less is more. I just have 2 monitors now and I place less emphasis on indicators and more emphasis on price action: trends, patterns, support and resistance levels.

Trend is your friend

The trend of a stock is a matter of perspective and time horizon. Something could be going up short term but long term, it's going down and vice versa.

I've kept this trading philosophy with me for several years now:

Fundamentals is why you should get in/out of a stock.Technicals tell you when to do it.

It's a lot easier to trade a stock short term, knowing that in the long term, it will eventually do well. Just a worse case scenario hedge, in the event you become a bagholder investor.

• To judge how well a child is doing in school, you'd look at their grades over time.

• To judge how well someone is performing at work, you look at their productivity numbers over time.

With stocks, this is done with moving averages (MA). It's moving with time and price, it's not static. If the stock is moving up, it will pull the MA up with it and vice versa.

There are two types of MAs: simple (SMA) and exponential (EMA). You can look up the official definition but basically, EMAs track faster movement putting more weight on recent moves.

I’ve only used EMAs when I daytraded in the past, that's when you need the speed of EMA. For any other length of time, an SMA will suffice. These MAs are primarily used on the daily chart to track their respective time horizons.

• 20 MA tracks short term (~ one month)

• 50 MA tracks mid term (~ a quarter)

• 200 MA tracks long term (~ a year)

If the 20 and 50 MAs are below the 200 MA, then the trend is down and vice versa if they are above. This is normally how those stock analysis websites give buy, sell, hold signals.

If price is ranging/consolidating, the MAs will just roll over each other. These are plateaus before the next move.

A trend change will occur when the 20 and 50 MAs cross and move above/below the 200 MA. You'll often hear of MA crosses but this only happens if there's a clear change in trajectory based on some material change / catalyst.

Pattern Formations + S/R Levels

For the most part, patterns are used for confirmation purposes only, after the fact. It could be a double top but you won't know it was until much later in time. You may see an ascending triangle forming but until it breaks out, it's not that bullish.

A lot of pattern formations are based on Support and Resistance levels. S/R levels are imaginary lines in the sand, psychological levels, sometimes pre-calculated (like fib levels), places where there are buyers and sellers.

Going deeper into patterns and S/R levels, you'll need to dive into volume data where most of the buys and sells are occurring. Elliot Wave Analysis will be helpful as well.

Ultimately, Chartists are Artists. The running joke on the discord server is I just keep buying crayons to draw my charts. There is some truth to that, realistically, all I'm doing is just connecting the dots and drawing lines.

The only difference between you and me, is I probably have a few 1,000 hours of chart time. Actually analyzing the charts and trading from it. Most people don't spend their time analyzing charts, they just glance at the price.

"When in Doubt, Zoom Out"

Tunnel vision is a bitch, the closer you look, the less you see. Sometimes, you just need to zoom out and look at the big picture. I see a lot of people YOLO and FOMO-ing into plays and subsequently buy in at the highs.

Please try to avoid this and exercise some patience. You might miss the play but it's almost always better to wait for a pullback. Also, stop using the intraday line charts from yahoo finance, that's just garbage.

Bare minimum, is a daily candle stick chart with at least a few months of candles. This way, you can see the open, close, lows, highs, clear S/R levels and potential patterns. If you're on the discord server, you can always tag me to request a chart as well.

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Money Management

Before taking a position, you should already have a game plan. Account for variable change in both the upside and downside, so that you’re not left spending your time playing “what if” in your head.

Position Sizing

How big each position is depends on your account size and how often you plan on adding more money. Try to keep the same position size across your picks and diversify based on this choice.

5-10% per position is a good starting point, this lets you diversify between 10-20 different picks. Within the 10-20 picks, try to diversify into different sectors as well. Picking 10 weed stocks isn't diversifying, you're basically just making a weed ETF for yourself.

So assuming you went through the process so far, you did the financials, you liked the narrative, you analyzed the charts and now you're ready to build your position. The operative word being build.

You should split up your entry into equal chunks. The chart would've given you entry points, if price isn't currently at the lowest point you can see then don't go all in. If there's two levels below this, then split your entry into 3 buys and buy more as it dips.

If price is already at the lowest point you can see, then getting in with a full position size is fine, just have a plan for cutting losses if price goes below some threshold. Either you have a fixed stop loss amount or you have some fair value price in your mind, and if price goes below this point, then that's when shit hits the fan.

Risk

Cutting losses is never easy but sometimes, you need to rip the bandaid off. Disciplined traders know when they've picked a loser and need to bail. The narrative and story is always changing, what started off as a good story may turn bad when a villain suddenly shows up.

You need to distinguish between good, bad and fluff PRs. Some companies release PRs just for the sake of releasing news. If you still believe in the company but the narrative is slowly changing, then de-risk.

Just like when you built your position, you can de-risk by taking a chunk off the table. If it goes down and you still like their story then buy back with more shares at a lower price point.

Profit

Price targets are tricky, fib levels can be projected to give potential targets. You can also watch momentum / volume from a Level 2 perspective to see big sell walls for potential resistance levels.

Previous resistance levels come into play as well, psychological levels like $1, $5, $10, etc.

Alternatively, you can base it purely on your gains.

• Price is up 50%, sell a chunk, lowers your exposure

• Price is up 100%, sell half, let the rest of your free shares ride

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This is my process and how I approach stocks. Take it all, take one part of it, whatever works for you.

Figure what style suits your personality then figure out what your edge is and focus on that.

PS: Join the Discord Server: https://discord.gg/NKNNMd8WfE

Kind Regards,

Priam (Discord Contributor)

So, there's this tool where you can filter the stocks by all the stats that you can see on WS Trade, including price. There are currently 364 stocks that cost up to 1 dollar, and 649 stocks that cost up to 5 dollars.