 Hey guys, this is Omar G from Xtrades from the Xtrades tab If you like the video you're about to watch, please like and subscribe our channel. That's very helpful for us I'm gonna talk real briefly about Following a specific sector and what that's been like for me. How helpful it's been. I follow the cannabis sector wheat stocks companies like Sun Dial Growers Grow Generation Tilray, and I'm posting about those stocks pretty constantly on the main stock section And posting plays, watch lists. I started on Xtrades about two years ago With the intent of only following cannabis stocks and I now know a lot more about other sectors And it followed some other areas blue chip stocks I've traded Tesla and AMD and other other companies, but really my main focus is still on cannabis stocks That's what I look at every day. That's what I follow when I see big news or I see a big change in the sector I'm always posting about it on Xtrades So let's talk a little bit about how I follow the sector and what tools I use to do that So this is my home setup. I've got two monitors I think for you know everyday trading you need at least two monitors, maybe three. I haven't tried three You need some beverage, some coffee or something like that and you know as you can see I've got Xtrades going pretty much all day on My right monitor just so I can see discussion and follow Threads and we just got an alert on grow generation. I'll talk about that in a minute my main screen is trading view for most of the day when I'm when I'm actively trading and I've got a couple of indicators that I use on here But what I'm doing all day is just I have a list of tickers and tabs up there SNDL, GRWG, HYFM, some of the major cannabis tickers I follow I set alerts on a lot of those highs and lows if I if I want to know when it's going above a certain level Above some of those support and resistance lines I'll set alert above and alert below. So I know you know, oh, wow, this is really tanking today I need to post something about this or it's going above a level of price target that we gave earlier So let's take a look closer look here at GRWG grow generation, which I alerted a Short on earlier. So here's the alert we posted earlier. We got in at 574 What's it doing right now? Oh, it's at about 561 It really lost momentum at resistance And I had a feeling that it was going to go down as volume was starting to drop down in the sector if I zoom out a little bit You can see here. There's our volume going down And here is our buy to close alert to close that short You know, not a huge gain. What would we make about 2%? You know, but it could gain momentum back up and and start to creep up again Like the sector has been doing all week But you know, this was a solid little 2% trade no big deal The other tool that I use is in my trading software I use a software called trade station. They're, you know, pretty decent broker And I have a watch list that I keep track of all day to see kind of what the action is in the sector I can sort it by percentage Of change I can see who's losing who's gaining for the day I have about 50 tickers I think that's the limit on each watch list and I have multiple ones But this gives me a general idea of what's happening in the sector. Who's leading the sector who is not You know what the where the gains are And I trade accordingly Based on this and based on trading view Support and resistance levels. That's generally how I trade is I'm looking at who's gaining for the day Where the momentum is is that momentum going to continue or is it going to hit a wall and go the other direction? If I'm going to short something it'll be something that is peaking and that I think is losing volume And I will usually alert that accordingly. So to me the advantages of Following one specific sector is you just get to know the price range really well, like, you know If this goes over four dollars, that's a huge deal if it goes under 350 like that's bad news I know really intuitively like what is a good day for a growth generation or what's a good day for sundial So following the sector so closely you've seen the price action day after day. It really gives you an advantage From other people who might just dabble in the sector or only look at it when there's a huge price surge across the sector Like I have a pretty good idea of where things usually Lay in terms of pricing and when there's a big surge that we really need to pay attention to And because I have trading view and I'm looking at multiple tickers all day I can see trends I can see when they're all kind of going up at the same time Or when we've all hit a peak and they're all hitting resistance and I'm like, okay Now it's a time to short because it looks like everything's about to rug pull here at the same time Not all the cannabis sector tickers move in tandem But a lot of them do and you can tell a lot just from looking at four or five of the major tickers like tl ry and sndl Seeing how they're moving together and then comparing that with how the entire market is doing I I just look at spy And see what that's doing all day because sometimes there's a good correlation between the weed industry and the tech industry But that's really kind of what I look at all day because I'm looking at you know pricing I'm looking at resistance and support levels and I'm looking at what the market in general is doing and how that's impacting The cannabis sector, of course if news breaks if a state decides it's going to legalize cannabis Or we get some federal kind of legalization news that's going to affect pricing too So I'm also looking at headlines. I look at yahoo finance the wall street journal of bezinga Whatever is offering good news a marijuana moment. That's a great website that is in the nitty gritty of what's happening with legalization So that gives you some insight into what I'm looking at day in day out in the cannabis sector We really enjoy having this community on x-rays to talk about this stuff So again, please like and subscribe these videos if you enjoy them and in future videos I'll get into more specifics about how I use trading view How I look at the that chart of ranked percentages and how I post that And also how we use that information to kind of post good trades on x trades itself with the app and the discord So, uh, good to see you all. Thank you so much for joining me for this video And hopefully we'll have more for you like this in the future. Take care You