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Lately many people have been asking how I'm so often early to the new trends and how I make those stunning charts and what do they mean.
It's an app I've built that helps me spot trends early and catch pumps and outliers.
(It's not public yet, but if I get enough interest, I might consider making it accessible to all)
Going to give a quick explanation of how it works and how I use it.
Here's how I find 10X and 100X gems
These are called Spaghetti Charts
They are made by taking the price of an asset and converting it to % change since some starting point (current day / week / month etc).
And doing the same for multiple assets so you can compare them to each other.
Why do this, you ask?
By doing this, you can spot outliers and pumps very easily and catch them early. Also, this gives you an easy way to spot longer timeframe trends or old trends resurrecting etc.
The idea stems from momentum investing with a manual touch, where you pick a Universe of assets and long the best performers.
In TradingView you can do smth similar (w/ Compare), but:
Why I love this approach:
Here's how I use it:
When I've found an outlier or something interesting, I go and check out fundamentals, news and hype. This is where the manual approach comes in.
If I find the dev is cooking something, I might ape.
Let's look at a few recent examples
$PROPHET
2)
Checked CT - many BIG OG followers, 0 hype, something is cooking behind the scenes 👀
That's it! Let me know if you'd be interested to try out the app!