Your ideas is right, the explanation could be polished. Let it be understood by everyone that buying at the ask moves the price up, and buying at the bid drives the price down. When SSR is enabled you CANNOT short the bid, you can only short at the ask, thus driving the price up. It also means, that when a short covers (buys his shares back) he covers at the ask price, again driving the price up. What you saw there was a lot of people shorting the stock over a long period of time. When all of a sudden, something caused the price to go down 10%, This turned on the SSR and shorts began to cover their positions. When the shorts covered (bought back the shares at the ask) it drove the price up. You add that with hungry longs and and a low float, you can get a parabolic short squeeze, which is what we call a shit load of shorts panicking to cover their positions spiking the price upwards. The only way to make money on a stock that has the SSR on is when the news is soo bad, that people selling the stock is so great, that they outnumber the shorts by a lot. I.E. negative ass sentiment. Long it when you see the shorts covering!
So, does it mean High Short%(above 20%) + SSR rule = High Probability of short squeeze (or stock price going up)?? Or adding one more variable of BAD NEWS (double nagatives) what makes the stock spike up??
if the relative volume and range are there, who cares if its shorts panicking or motivated sellers. just be patient for a technical entry when is not too overextended and kabooom! a 5 min pullback to the 9 ema on HOD momentum looked sweet on that first ticker you showed.
Slippage is not the difference between bid and ask, thats called the spread. slippage is he difference between the price at which you gave your order in the market and the price you are filled at
This was not caused by a SSR. When penny stocks are in play and become heavily shorted when Friday comes around shorts buy to cover so they don't hold their short position over the weekend and that causes a short squeeze which gives us a nice morning spike. July 14 2017 was a Friday.
Good Video. but the math is not correct. If you place 2000$ and it gains 160%, your gain 3200$. Have you practice this method since 2017? If so, does it work?
Anything over 10% is a great day in trading. Find a method that provides 5 to 10 on a day swing and your my new guru! LOL Great video. You think like a Quant. Great breakdown on a exciting formula.
Ur math at 5:07 is totally wrong. A middle schooler could tell you that 160% of a $2000 investment would not give you 12,800. Back to the drawing board, my friend but thanks for sharing the chart
Hi! Ive tried using your scanner and as you said it picks up a lot of the OTC stocks. So I noticed that TOS already has a preset scanner called "Top10 % Loss Nasdaq". And if you tweak it slightly (lowering the price a bit and adding that last "price_change" study that you have) it does a much better job at picking up Nasdaq's SSR. Sorry if this wasn't clear aha, but try it out!
Wow. I knew something was off about the math. Not $12,800 lol. 160% increase in addition to .25 cents would be .65 cents. A .40 cent gain when multiplied by 8,000 shares is a $3200 dollar gain. In order to get that $12,800 profit you'd need the stock to have moved 640% or have 32,000 shares with a 160% gain. I did that because my math is fucking awesome. I failed English class but passed math and I didn't even try to pass. I actually tried to fail because I didn't give a shit. Anyone need a math specialist? Don't contact me.
My only this with the video is if the stock goes up 160% you would not have $12800 with just 2000, you would get to $2000*(1+1.6) which is $5,200 and same for $5000. Just check your math next time although SSR is a bulls best friend even to this day, best consistent pattern around
Thank you for posting. I am going to start studying this type of pattern! Do you ever post live stream trading videos or videos on some of your day trades?
So I've watched all of your vids you've posted and I'm blown away.... For someone so new to the market you have a crazy level of confidence and experience when you speak - Impressive! My only problem is that you basically ghosted us like a bad tinder date! LOL. We need more vids or an update as to how you've progressed. I'd be interested in hearing about how you decided to trade the pennies, didnt get lured by internet FURU's and didnt find options... Well, those are just my questions... What other education have you subscribed to thats been the most beneficial to you starting out? Have you decided on a paid educator yet? I remember you were talking about Warrior but have you heard of Clay Trader?
dude this is awesome! I've been studding for 8 months the stock market and trading... I've tried the RSI , the fib, the cloud.. etc etc.. but this is wayyy better. I'm going to try it on monday. thnx keep posting more videos.
No broker is exempt from ssr as that is a rule implemented by sec for the market and every broker mist abide by. The only way suretrader gets around pdt is they are not on U.S. soil and arent FDIC certified (i believe thats the acronym)
Morning, great video "How I learned to Day Trade in a Week". Made things easier to understand for a noob like me. Will you post a video on how to set up your scanner for SSR's? Thanks in advance.
I show how to scan for it in the video. You have to do it after market hours due to how ToS is setup though. You have to check today's closing price compared to yesterday's closing price. If it's 10% or more, SSR is triggered.
so basically what are you are saying is that stocks that are listed on the SSR restriction will eventually go up because people won't be able to short them? And the stocks that are not listed will go down bc the short seller will jump and make the prices go down?
DCTH isn't the correct setup for this. It's got 428 mil shares and has been too volatile. This seems to happen after the first half of a cup and handle were the shorters tapper out and take their profits.
No, it closed at -5.68% so it didn't trigger the SSR circuit breaker :/ but I'm gonna be running this post market scanner every day to spot another one. If I spot one I'll post it on my twitter twitter.com/GarenPhillips
Your ideas is right, the explanation could be polished. Let it be understood by everyone that buying at the ask moves the price up, and buying at the bid drives the price down. When SSR is enabled you CANNOT short the bid, you can only short at the ask, thus driving the price up. It also means, that when a short covers (buys his shares back) he covers at the ask price, again driving the price up. What you saw there was a lot of people shorting the stock over a long period of time. When all of a sudden, something caused the price to go down 10%, This turned on the SSR and shorts began to cover their positions. When the shorts covered (bought back the shares at the ask) it drove the price up. You add that with hungry longs and and a low float, you can get a parabolic short squeeze, which is what we call a shit load of shorts panicking to cover their positions spiking the price upwards. The only way to make money on a stock that has the SSR on is when the news is soo bad, that people selling the stock is so great, that they outnumber the shorts by a lot. I.E. negative ass sentiment. Long it when you see the shorts covering!
So, does it mean High Short%(above 20%) + SSR rule = High Probability of short squeeze (or stock price going up)?? Or adding one more variable of BAD NEWS (double nagatives) what makes the stock spike up??
Techno Tard thanks a lot for ur explanation
Mr tard....can u be my mentor...lol....EARS stock is killing me..
if the relative volume and range are there, who cares if its shorts panicking or motivated sellers. just be patient for a technical entry when is not too overextended and kabooom! a 5 min pullback to the 9 ema on HOD momentum looked sweet on that first ticker you showed.
Slippage is not the difference between bid and ask, thats called the spread. slippage is he difference between the price at which you gave your order in the market and the price you are filled at
Fuck the math. you did good bro. smart dude.
SSR Breakout Pattern taken long the next day does not work mostly because these are weak stocks. That what you were showing was just an exception.
This was not caused by a SSR. When penny stocks are in play and become heavily shorted when Friday comes around shorts buy to cover so they don't hold their short position over the weekend and that causes a short squeeze which gives us a nice morning spike. July 14 2017 was a Friday.
2 years later, how has that SSR strategy worked out?
your math is wrong tho bru it would be $3200 at 8000 shares because the stock went up like .40 cents and 160% of $2000 is $3200 l
you are correct
Good Video. but the math is not correct. If you place 2000$ and it gains 160%, your gain 3200$. Have you practice this method since 2017? If so, does it work?
Anything over 10% is a great day in trading. Find a method that provides 5 to 10 on a day swing and your my new guru! LOL Great video. You think like a Quant. Great breakdown on a exciting formula.
Dude don't risk your whole acc on one fucking trade. Only risk max 1-2 % of your capital. Risk management is so fucking important. Sry for swearing
There is no need to fucking use profanities
Ur math at 5:07 is totally wrong. A middle schooler could tell you that 160% of a $2000 investment would not give you 12,800. Back to the drawing board, my friend but thanks for sharing the chart
Hi! Ive tried using your scanner and as you said it picks up a lot of the OTC stocks. So I noticed that TOS already has a preset scanner called "Top10 % Loss Nasdaq". And if you tweak it slightly (lowering the price a bit and adding that last "price_change" study that you have) it does a much better job at picking up Nasdaq's SSR. Sorry if this wasn't clear aha, but try it out!
Arina Zedler what exactly did you change on it, and to what?
Wow. I knew something was off about the math. Not $12,800 lol.
160% increase in addition to .25 cents would be .65 cents.
A .40 cent gain when multiplied by 8,000 shares is a $3200 dollar gain.
In order to get that $12,800 profit you'd need the stock to have moved 640% or have 32,000 shares with a 160% gain. I did that because my math is fucking awesome. I failed English class but passed math and I didn't even try to pass. I actually tried to fail because I didn't give a shit. Anyone need a math specialist? Don't contact me.
My only this with the video is if the stock goes up 160% you would not have $12800 with just 2000, you would get to $2000*(1+1.6) which is $5,200 and same for $5000. Just check your math next time although SSR is a bulls best friend even to this day, best consistent pattern around
SSR isn't designed to make a stock go up... A stock goes up or down depending on the Bid meeting the Ask or opposite.
It is designed to keep the stock price from plummeting because you can't short the bid.
It's so the bag holders can unthaw from watching their portfolio dwindle to give them a chance to get out.
Thank you for posting. I am going to start studying this type of pattern! Do you ever post live stream trading videos or videos on some of your day trades?
Have you been actively trading ?
back test it with the list you pulled up. look at all of those symbols, and see how many rose since SSR was turned on
So I've watched all of your vids you've posted and I'm blown away.... For someone so new to the market you have a crazy level of confidence and experience when you speak - Impressive! My only problem is that you basically ghosted us like a bad tinder date! LOL. We need more vids or an update as to how you've progressed. I'd be interested in hearing about how you decided to trade the pennies, didnt get lured by internet FURU's and didnt find options... Well, those are just my questions... What other education have you subscribed to thats been the most beneficial to you starting out? Have you decided on a paid educator yet? I remember you were talking about Warrior but have you heard of Clay Trader?
Definitely a crazy discovery for someone so new to the market, thanks for sharing. An update video of your continued research on this would be awesome
Thanks for the explanation. I'm just learning as well and picked up on this patterned but never understood why it worked!
how has it been working for you since you made the video?
dude this is awesome! I've been studding for 8 months the stock market and trading... I've tried the RSI , the fib, the cloud.. etc etc.. but this is wayyy better. I'm going to try it on monday. thnx keep posting more videos.
Alex Silva stop switching strategies all the time. Stick to ONE strategy and MASTER that strategy. Dude...
Lol thnx
Alex Silva how’s ur tryouts?
Curious if you are seeing positive results from this strategy
Best video on SSR by far. When is SSR lifted?
No broker is exempt from ssr as that is a rule implemented by sec for the market and every broker mist abide by. The only way suretrader gets around pdt is they are not on U.S. soil and arent FDIC certified (i believe thats the acronym)
Is this still a thing you can do? 4 year old video.
does anyone have the link for list of ssr stocks.?
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These videos are really helpful, please keep uploading, im learning a ton!
i have watched this video over 30 times now im pretty sure
Morning, great video "How I learned to Day Trade in a Week". Made things easier to understand for a noob like me. Will you post a video on how to set up your scanner for SSR's? Thanks in advance.
I show how to scan for it in the video. You have to do it after market hours due to how ToS is setup though. You have to check today's closing price compared to yesterday's closing price. If it's 10% or more, SSR is triggered.
Thank you for replying. Wishing you nothing but success!!
good pattern overall but make sure you double check some of your details like terms and math...it may hurt your rapport with followers
so basically what are you are saying is that stocks that are listed on the SSR restriction will eventually go up because people won't be able to short them? And the stocks that are not listed will go down bc the short seller will jump and make the prices go down?
You could of, should of, would of... but you didn't did you! If this, if that... but you made nothing.
That nasdaq ssr page only gets updated after the day ends I guess!?? Correct me if I am wrong.
Awesome video, thanks a lot.
Exciting stuff bro!!!
Great video
what platform did you use to find which stocks are under ssr?
The difference between bid and ask price is called spread. And, slippage is a change in spread.
U mean a far spread not slippage, great video though
Suretrader also follows the restrictions set by sec..
Love it bro Wow!
What's the difference between threshold and a circuit breaker?
How'd this work out on today (Monday Jul 17)??
Hello Garen thank you for all the tricks and hints your sharing with us i just want to thank you personately
How can I check the process for OTC stock?
What platform is this - TD Ameritrade?
DCTH was SSR'd today and yesterday as well.
DCTH isn't the correct setup for this. It's got 428 mil shares and has been too volatile. This seems to happen after the first half of a cup and handle were the shorters tapper out and take their profits.
when is the next video of ssr have you done any more research
I have, friend is moving in tomorrow and I'm gonna try to make a video teaching him the stock market from scratch
Could specify how you set up your scanner to find this set up?
Great find. Are there any other scanners than TOS that you recommend ?
Is it possible to do a scan on FinViz for Short Sale?
So DCIX is a buy for monday?
No, it closed at -5.68% so it didn't trigger the SSR circuit breaker :/ but I'm gonna be running this post market scanner every day to spot another one. If I spot one I'll post it on my twitter twitter.com/GarenPhillips
Garen Phillips Ahh ok thank you!
+Garen Phillips - I'm guessing you never made any money from this discovery because... ruclips.net/video/G1GxTgXg9xI/видео.html
I'll be on top of this trade strategy. Thanks!
where you able to back test this strategy idea?
Damn! This is what I looking for!!!!
Sure trader has SSR rule
I'll be scanning for those
Good info
What Happened on the Monday?!
Good good good~ thank you!
Proud to be your 4K subscriber! 😎