Guessing we have about 6-hour difference of time. Which is good what we do in the daytime you can do your studies and crack the books and take lots of notes.
10:07 am EST and your clock should say 4:07pm.
LD,
Now the fun begins;
Q1 - Do you have a broker where you can buy and sell stocks online such as Fidelity , Firsttrade, TD Ameritrade.
Q2 - How many stocks do you currently own. Don’t want to the dollar amount.
10 Best Stock Brokers in South Africa ☑️ ( Updated 2023 ) peruse the list of brokers or keep your current online broker that can purchase stocks on the NYSE, NASDAQ, AMEX exchanges.
The only math skills is 9th grade math, no Algebra, Trig, or Calc. Just basic math skills are required.
when buying a stock we look the best ASKed price possible. Then place an order for xx amount shares at the Asked price.
when selling a stock, we punch the ticket to Sell xx Quantity of shares, Ticker symbol, order type (limit)- at what price you want to sell the stock at and a time frame with GTC (good til cancel). They then give you a time limit before it expires.
or if you are in a hurry to sell the stock, then place a market order and then finally Review the Order that you want to sell at.
Be very careful when Buying and Selling, make sure you want to choose the correct order. I have made many mistakes and did what I didn’t want to do.
Now the fun begins. You can read other traders’ point of view so you may understand how trading is done.
Okay, LD it is now homework time.
I would like you to read various Simon Sez projects, be it Simon Sez II - Simon Sez III.
I would like you to start off with Simon Sez III first, the money maker and or CASH COW. Now on a 3x5 index card write the two (2) rules in RED GREEN BLUE ink for BUYING and SELLING.
Now, go back to the top and then kruz your way down the pile and find “Simon Sez III in review”
Charts to be used are from Stockcharts and Barchart. I’ll have to find my notes on how to build a model chart for each.
In the meantime going to show a model or two of each for the following from the Tetter Totter list.
re: DDM / DXD
Next , find Simon Sez II in review. If you click on a chart to be viewed for the first time it may go into default mode of black and white with OHLC bars (Open-High-Low-Close). Again, going have to find the notes on how to create a viewable chart in living colour.
Again, a 3x5 card for the two (2) simple rules. we will be talking about ARCs and Smiley faces, jamming the chart to the left at times to see only at least two(2) ARCs to be viewed which then will tell you what to do.
After a while it will be Stir-rinse- and repeat over and over in your head to where it becomes routine.
You can at your leisure, read the Simon Sez IV in review with some models about jamming to the left.
Tyme has come today in beating the market is the olde way of finding stocks to buy. Within the charts are hidden price labels that are used with Simon Sez III. The theory was to trade using the 13 ema crossing up and over the 50 ema as a buy signal and the inverse for selling a stock.
Once the charts have been built correctly, I would like to practice on your favourite stock symbols to get acclimated.
In the mean tyme, I am going to work on an olde olde project but using todays Simon Sez III rules that nobody will understand.
If you have any question, please do not hesitate to ask. I am sure there will be others to help as well. They are all learning as well before they are all on there own
I wish you the best, stay Healthy, Wealthy and Wise.
Quill -
A Tetter Totter pattern of when to buy or to sell.
