we're gonna learn how to buy how to do
your buy setups for any stocks okay
a lot of you guys are right now like you
buy stock or you wake up
and you open up your your account you're
like oh let me just buy it okay
that's a bad way to you know trade
that's not even
trading it's like you know gambling just
hoping that it will go up
and hoping that you know this is the
right time i bought it no
that's not how it works now there's a
lot of you know
ways you can buy a stock but i'm going
to show you a simplified version
that always works normally it does work
so
here's what it is so number one okay
number one
find a stock and make sure you have
a lot of you guys might have here on
robin hood you might have
your you know the normal price channel
just like this this is this normal price
this normal uh line graph make sure to
turn it turn on the
you know candlestick up now once you
have your candle stick up
what you also need to do is turn on your
sma line so
simple moving average okay simple moving
average make sure
it is turned on okay the period it could
be
i would do it 15 15 so you should have a
setting somewhere it says 15
or if it has a default one use that it's
fine you won't have any problems with
that
now keep in mind that this this method
works for both
you know small companies like this and
also large
caps as well i'm going to show that to
you both on this video so
first of all what i want you to do is
make sure you watch
let me go and change the color of the
sma line i'm going to make
it a different color make it
something different so you guys can see
it
what color okay orange is good
good cool so so watch as the stock is
going up and down up and down right
you watch for the sma line so watch for
the sma line
as soon as as soon as the price is
climbing above
the sma line okay simple moving average
you wait for one more bar because
sometimes you guys see it you know going
above the small and you buy it
and it might just tumble back or it
might just you know struggle right there
for example right here so
you know the stock touched the sma line
but it
crossed because it's struggling so you
wait for that confirmation and you see
that with the second
or third bar right here so right here it
touched
the sma line right here you see it right
here now and you wait okay
one two that's a confirmation for you to
buy in
right now okay you buy it in and then
again you know you wait for you go ahead
and then you you sell it either at a
right time now we'll talk about exit
point
on a different video on this video all i
want to talk about is
when do you buy if you want to learn how
to when to sell
you what you'll have to watch the other
video that i'll put on the description
well two which will tell you what should
you sell that's the same concept okay
but now let's look at it one more time
so right here
it's way above the sma line this is fine
okay it should be good
but let's go this was the next this was
a good example let me go ahead and open
up
uh boeing okay let's see there is a good
time to buy right now
so boeing hasn't been doing so great
right now but
let's see okay but let's see okay let's
go ahead and see it one more time here
okay i'm going to go ahead and turn off
this okay now as you guys know boeing is
trading
pretty not you know it's 172. the stock
is actually worth like 300 400
but at this time nobody's traveling but
you know that's why the price is like so
low but if you do want
you can still make money from the stock
okay here's how you do it okay
let's go in again so again
this this works every single time okay
this works every single time
it doesn't matter okay now let's take a
look at it right here so this is a good
example right here so
you're you're watching you're watching
right and you see that it crosses
the sma line right here but there's no
another big so when i say confirmation
i'm looking for another another 15
minute
on my on my 50 minute chart i'm looking
for another green bar that's a little
higher that's a little bigger okay
than the previous one now we don't see
that here
it's still struggling right struggling
struggling struggling and it drops and
there's again
you know buyers come in it goes up now
watch watch watch
now at this point now at this point you
see that the wick
kind of you know open closed but it did
go it kind of did touch
the sma line you wait okay you see this
one okay you're like almost there
now on the second one you see another
one and it's crossed it now
you see another one like this this means
that hey
it is good to buy right now the reason
for that is because if you buy at this
point
even if the stock falls down remember
even if the stock falls down
you won't lose as much money as you
would have
if you bought it you know below the sma
line
or without looking for that second
confirmation so let's do it one more
time so
price is going up price is going up it
touches right it touches
but it almost touches right now and you
see another green bar okay
that means that there is two
confirmation and you are good to go that
the first confirmation was this one that
hey it did cross the sma line the second
confirmation was
there's one more green bar okay you know
it's keep in mind that you know
sometimes the bar might be smaller it's
fine this is still
good okay right now so if you bought it
right here
look you could have profited and you can
sell okay you can sell at
this point you can still make good
amount of money okay good amount of
money
so this is especially important if
you're day trading now if you're doing
long term
you know these things might not be as
important for example
if you dropped if you bought 100 shares
of boeing right now
if you went to bed you might lose some
money tomorrow
but like next year or two years from
today you're gonna double your money
there's no
there's no doubt but if you're doing a
swing trade or day trade
this is super super important so let's
go go at it one more time so
wait for the price to go above the sma
line
number two wait for that second green
bar that's the second confirmation so
on the comment type in i love
confirmations
i love confirming just type that in so
you wait for the price to go above sma
line
then you wait for that second
confirmation
then you buy in and make sure the rsi
is good strength meaning that the price
is
fair and so what does that mean so you
only look at an rsi it says strength of
the market right so
make sure so let's look at it right now
so second confirmation look at it so
it is moving moving upward right it is
moving upwards 55
so you see right it's 55 that means that
the strength is good so
if the rsi was like you know going down
that's not a good time to buy okay
because the the momentum
is going down but again if the rsi was
going
kind of down you probably won't see a
confirmation either so
just keep that in mind uh don't worry
too much about the rsi because i think
you'll be fine
just make sure that the chart the bars
sma line
and wait for that confirmation and you
go ahead and buy it
and that's it now when you sell stock
you have you'll have to watch my other
video for that
make sure to subscribe to me right now
if you want more videos like this
and make some money thank you so much
you
