🐳 Unusual Resources
Unusual Whales is an extremely versatile tool that puts an enormous amount of information at your fingertips. There isn’t a single best way to use it, and every trader will likely use it slightly differently than the next. We’ve put together this page so that you can hopefully find your bearing. This page is under construction; please bear with us if things are out of place.
Unusual Social Media
ℹ️ These are our only social media accounts. Please be wary of impersonators!
As mentioned in the 📝 Notifications Doc page you can change your settings to help you reduce the volume of alerts you receive. There is no best or right way to do this: you will have to decide for yourself.
If your notification settings are broad you will likely receive a large volume of alerts. This will impact the amount of time you can spend analyzing each one. Consider your personal situation, and how much time you can spend during the day trading. Please adjust your notification settings accordingly.
You’ll note that on your ⚙️ Notifications page you can enable “Runner” notifications. Please read the analytics for more on these, as these can be a nice way of riding existing momentum.
Please keep in mind that past performance does not guarantee future results and that an alert with ‘optimal’ values will not necessarily end up being profitable. Regardless of how you configure your settings, please do not blindly follow an alert after being notified of it.
🐳 General Tips and Strategies
ℹ️ Remember: nobody can predict the movement of the stock market. The trades you decide to take will depend largely on your own risk profile, your amount of liquid capital, your personal understanding of different sectors, etc. Following Flow/Alerts without doing your own proper due diligence will likely lead to poor results.
If you’re new to options and are trying to get an idea of how to better act on these alerts here are a few useful questions you should ask yourself when looking at an alert:
- What is unusual about this alert? How is it different than what I would expect?
- Is this company getting ready to report earnings or other important information?
- Am I confident in this position? What sort of hedge alerts or directional alerts have been alerted?
- Has this stock been in the news recently? If so, in what context?
- What is the general sentiment of this company?
- Does the alert justify current positions and thoughts I have about the market?
- Is there enough volume to make this unusual?
- What do I know about this sector? Do I know how equities within this sector trade?
- Is the volume to open interest ratio high enough? (High being generally defined as > 5).
When using the Flow tool and the accompanying charts consider…
Do you have enough of a sample size/how spread out is the data you’re looking at?
Are your premium filters appropriate for the market cap?
Are there longer dated contracts that might throw off the reading of the short term flow?
Consider the different angle we could examine by considering only transactions that occurred at the ask.
- Establish consistent profit taking/stop loss levels
- Everyone misses plays, but jumping in to get on the bandwagon is a good way to get burned
- Smaller accounts will be limited in the amount of exposure they can take on, so trade accordingly
- Keep your emotions out of trading. A bad day can quickly spiral out of control if you find yourself trying to recoup losses
- Going with the flow of the market is often easier than trying to catch the reversal