A watchlist without levels is just a wish list

Before you place any trade, you need to know exactly where the stock has historically found buyers and where it has historically stalled out. That is what this lesson is about.

Every chart needs these seven indicators

Add all of these to every stock you own and every stock on your watchlist:

• 100 SMA
• 200 SMA
• 10 EMA
• 20 EMA
• 50 EMA
• Weekly Support
• Weekly Resistance

Make your tradingview chart look like $Maxwell, download the guide here

The rule

If a stock is below its 200 SMA with the EMAs sloping down, it is not a put-selling candidate right now. You do not fight the tape. You wait for a better setup or find a different stock.

Weekly support is where you target your put strikes. Know the level before you place the trade.

Use TradingView or thinkorswim. Both are free and have all of these indicators built in.

Checkout my 7 favorite chart patterns:

Download: 7 chart patterns you can’t afford to ignore

Download: 7 pattern cheat sheet!

✅ACTION STEP: Pull up a chart for every stock you own. Add all seven indicators. For each one write down the weekly support level, the weekly resistance level, and whether it is above or below the 200 SMA. Those support levels are your put strike targets.