 Hey, what's up guys? Okay wanted to do week four episode four for you on quick tips quick strategies just basically anything to help you out as a beginning new trader and I think the topic of this week should be What are the best? Indicators to use when you're first starting out trading and even when you're a veteran But what are the major indicators you should be paying attention to and it's kind of a loaded question Or it's kind of a loaded topic because everybody on YouTube is going to preach this get rich quick stuff They're going to tell you Mac D and RSI and it's a mokey cloud and all this stuff and the thing that you got to remember is 80% of the success if anything is going to be in like the 20% So all of that over complication all that overthinking all those things that you hear and get rich quick and holy grail Eliminate that from your mind when I first started trading nine years ago eight nine years ago I literally had every single indicator to volinger bands to RSI to volume volume profile everything that you can have basically Itchy mokey cloud on my charts and I realized not only do they lag, but it's noise. So All these fancy things that's kind of what I want to kind of reiterate is it's all fancy talk They lag a true confirmation in stocks is something like say a death candle or what we call a teleport candle in MIC so you know a stock is trending up and then boom it like has a massive sell-off and one candle a lot of volume comes out That's a real-time confirmation But when you see things like Bollinger bands and itchy mokey clouds and things like that and all these fancy terms and lingo And they look good on your I mean hey It looks like you're doing something right on your charts because you have an indicator up They lag so by the time you're like hey, this is touching that line and this is hitting those levels the trade might be over They're not real-time. So there's a difference between confirmation Within a certain indicator and then there's not and I don't want you guys using anything That's a lag because in hindsight hindsight's 2020. It's like, oh, yeah, of course this should happen See it hit the Bollinger bands, blah, blah, blah. Okay, those things lag. It's not really real-time So it's kind of hard to go off and see how almost I guess the word would be legit They are for a proven strategy. So just be aware of the holy grail stuff. It doesn't work now Back to what indicators should I be paying attention to and I'm kind of gonna I'm actually gonna group these not just as Indicators, but just major things that you should have on your chart Something you should be paying attention to what's on your chart because the chart of a stock and the price action is Literally just the love story of the bid and the ask like the level to the numbers that did What those are the chart is a visual representation of those which is supply and demand So the three things that I want you to pay attention on your charts and believe me as a veteran trader as many veteran traders I know we all use the same thing and number one and remember they're not just indicators, but in a sense They kind of are number one is going to always be volume volume is Demand if the stock is not liquid. It does not have volume now a certain You know pre-defined number of volume. I'm not gonna talk about that specifically I could use that in a whole another video But make sure that the stock your trading has a lot of volume so it's liquid You can fill your buy you can fill your sell you can fill your short you can fill your cover You can have action and get the fills that you want and Participate along with all the other demand and you know supply and demand that is trick like trickling down on The bid and the ask through the chart Number two is trend and again These are not necessarily indicators, but they kind of are a trend of the stock is like an up-trender or a down-trender or just Kind of like a choppy that that that like channel trader that bow trades So the thing about trend is it is so again keep it simple It's so simple to understand once you learn a process once you learn price action a little bit that hey if a stock Ohmets up at $2 and goes to $7 pre-market and then opens in the open in today You know you have your pre-market, and then it opens you know at the morning bell It opens around two or three that trend is pretty much down the stock has given up a lot of its gains So you know the whole thing about trend guys is you want to ride trend You don't want to be a contrarian until the right confirmations are there and that's a little bit more advanced for you You know that would be a whole nother video again as well But when it comes to trend do not fight trend ride with trend and the thing that you can complement with trend and Volume is VWAP and this actually is a true indicator And it's really the only indicator that I use on my trading and most traders and MIC use and It's an over under and I'll explain why big money is attracted through VWAP volume weighted average price And the reason why this works is because the big money follows it So I'll say it like this without getting too process on you in the short video Generally speaking above VWAP above VWAP whatever I put blue on my chart So it's a blue line above that blue line You can set it to whatever you want is going to be bullish Anything under is technically bearish now There is a process or there's certain identifiers and confirmation that you can pay attention to and learn You know like the the semantics of VWAP, but generally speaking over and under so when you complement and Combine as coupling factors VWAP volume and trend You're gonna learn how to trade that that stock chart correctly that ticker symbol You're gonna know what to do and especially if you have some risk management in there So stay away from fanciness stay away from holy grail stay away from get rich quick Stay away from adding all these frickin things to your chart that just lag and don't make sense and make you look smarter Than they are than you are and the chart is but just make sure that you're paying attention to it minimum volume VWAP and trend and you're gonna have a great starting guide for learning price action and really making some money in this industry Guys if you want to understand any more of this if you have any questions on maybe any of the topics I talked about today text my line just we can chat and I can go over some of these at two one three four five eight five nine Nine seven and we can make sure you're up to speed on any of this and if you also want to see multi-million dollar a year annual Trader Alex to Miz give a full on you know live free webinar on this go to my Investing Club comm slash webinar I think Alex made after fees and commissions and everything this year minus taxes in 2021 he made like over three million so if you want to learn and watch webinar from him go check that out. See you guys