Renko EMA Candles for "Stock Fracking"
This is a new perspective I'm trying out at the beginning of each month to help simplify my day trading as much as possible and by filtering out all the noise by detecting automatically providing range for spot trades to buy and sell 100 shares of a dividend stocks between the ex dates and payout dates....
Basically we use EMA candle to detect major dips (yellow) and Renko candles further help us reduce the noise....
I'm also trying to figure out how to change the opacity of each based on the volume. Meaning high volume would be full and low volume would be progressively more transparent (btw i can not figure out how to do this...yet)
Note that downward yellow candles are always followed by massive, sustained dips...
Also note when candles are in the resistance and support areas because it could indicate a reversal....
The simple version of my strategy is:
After a dividend is "captured" (pay date) for the month/quarter, it's essentially useless to us and all we are doing is needlessly locking up our money in a volatile asset (one that is literally destroying the fucking planet...). In other words, we should have zero emotional attachment to holding it...
In fact, you could even say we are even incentivized to "frack" them by extracting all that sweet, sweet oil money from the company in the form of dividends and invest it into the following asset types, for the following reasons:
1. low crypto (~$1-2) - to multiply our ROI throughout the month by staking & using "coin margined contracts"... (this alone can often 10x our initial dividends, and even 20x then during a bull run)
2. Dividend "kings" - for long term holding, sustained growth and provide "margin buying power, which is used to buy monthly dividends and quartly stocks that payout every week/day in the following month....🧐
3. If the shares are sold after the capture date at a LOSS, then the money should go into the most profitable competitor to hedge our position and multiply our gains (for example solar companies or leveraged bear stocks against oil ).
(This is were we are literally getting paid by them to frack them over for profit. 🖕🧛♀️🖕 burn in your own oil assholes)
Basically we use EMA candle to detect major dips (yellow) and Renko candles further help us reduce the noise....
I'm also trying to figure out how to change the opacity of each based on the volume. Meaning high volume would be full and low volume would be progressively more transparent (btw i can not figure out how to do this...yet)
Note that downward yellow candles are always followed by massive, sustained dips...
Also note when candles are in the resistance and support areas because it could indicate a reversal....
The simple version of my strategy is:
After a dividend is "captured" (pay date) for the month/quarter, it's essentially useless to us and all we are doing is needlessly locking up our money in a volatile asset (one that is literally destroying the fucking planet...). In other words, we should have zero emotional attachment to holding it...
In fact, you could even say we are even incentivized to "frack" them by extracting all that sweet, sweet oil money from the company in the form of dividends and invest it into the following asset types, for the following reasons:
1. low crypto (~$1-2) - to multiply our ROI throughout the month by staking & using "coin margined contracts"... (this alone can often 10x our initial dividends, and even 20x then during a bull run)
2. Dividend "kings" - for long term holding, sustained growth and provide "margin buying power, which is used to buy monthly dividends and quartly stocks that payout every week/day in the following month....🧐
3. If the shares are sold after the capture date at a LOSS, then the money should go into the most profitable competitor to hedge our position and multiply our gains (for example solar companies or leveraged bear stocks against oil ).
(This is were we are literally getting paid by them to frack them over for profit. 🖕🧛♀️🖕 burn in your own oil assholes)