What we're about
Experienced chartists, Active stock traders (Moderate level), and investors currently managing their own stock accounts are welcome. I tend to be a kinesthetic learner and have a short attention span. Instead of reading through pages of fundamental research reports, I just flip through charts and look for trendlines, chart patterns, support & resistance lines to look for a good entry point. Fundamental research, if any, are limited to looking for actionable news, events or good story stocks. We can discuss & share ideas, etc. Any discussion is for information sharing and for entertainment purposes only.* See disclaimer below.
Meet us for an afternoon walk in the park, weather permitting. Let's get out and enjoy it!
Things we will do:
Walking for exercise
Meet & greet other traders in DeKalb/Sycamore area over Pizza or muffin or doughnuts gatherings
From Fall to Spring, our meet up events (such as walking) will be set around regular Stock Market hours. (I.e after stock market closes at 3 pm Central/Chicago time during weekdays). If enough stock/option traders show interest in gathering for stock market discussion, we could tackle topics such as: Position Sizing, Support & Resistance lines for good entry, exit, or stop loss placements that makes sense, etc. Discussions, if any, include topics such as Scanning strategies, Theme plays, hard vs. mental stop loss, Chart patterns, watchlist, etc.
Otherwise, we'd be chatting about weather, food, health, pets, etc.
Any discussion and the content of this site is for information sharing and for entertainment purposes only.* See disclaimer below.
Lightly approach other topics such as: Fib plays (Fibonacci Retracement ratios of 23.6%, 38.2%, 50%, 61.8% and 100%), Japanese candle sticks on intra-day 5 minute chart settings, Relative Strength Index (RSI), Exponential Moving Average (EMA), etc.
There are millions of different ways to make or lose money on the stock market. Default settings used here will be for communication purposes, so that we can be on the same page and speak same "stock language",
default settings are:
Intra-day 5 minute candle sticks (default)
Support & Resistance of previous days lows & highs (default)
eTrade pro (default trading platform for discussion & communication purposes -when referring to
indicators settings menu)
shorter time frame ema (green or dark color) and longer time frame ema (white or light color)
SPY (default symbol)
Stocks: I do LONG trades only. (No shorts)
Basic Simple Option trades:
buy to open call options
buy to open put options
write/sell to open covered call options (I don't do naked options)
write/sell to open cash covered put options
Primarily Charts (Price action), Chart Patterns, Support & Resistance Lines; EMA, SMA, etc.
I do Little to nil fundamental research that contains lots of words and verbiage:
Once in awhile, I venture into Nasdaq.com or company investor website to view SEC filings.
*DISCLAIMER: Any discussion and the content of this site is for information sharing and entertainment purposes only and not to be viewed as trade recommendations or financial advice. Information placed or discussed may not always be complete, up-to-date, accurate, relevant, or applicable to all situations. DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE OR MEET UP. Always do your own due diligence, double-check and confirm that any information you find on the internet is accurate, current, and complete in regard to your specific situation, question. One should consult with a registered securities representative and/or financial advisor who knows and understands your specific financial situation. Investing in stocks involves monetary risk, so caution must always be exercised. Investing in stocks/options is very risky and you may lose ALL of your invested money and MORE.
An individual should never invest in the securities of any of the companies’ mentioned based solely on information contained on our website. Individuals should assume that all information provided regarding companies is not trustworthy unless verified by their own independent research.
Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.