Episodes
In this video, I explain the fundamentals of O-H-L-C bar charts and how we can use them as a tool for swing trading, day trading, and investing. We explore how these charts apply to options, stocks, cryptocurrencies, and futures by focusing strictly on price action. I demonstrate how to interpret each component—the Open, High, Low, and Close—and how they represent market movements within specific time frames. By analyzing these elements, we can make informed decisions about our future trades...
Published 11/25/24
I am transitioning into futures trading through the prop firm trading method. After years of trading options, specifically SPX and index options, recent market changes have made it increasingly difficult to execute trades effectively. Upon consulting with respected traders in my community who have also experienced these challenges, I have decided to explore futures trading with a prop firm. I have chosen Take Profit Trader due to their straightforward rules and emphasis on risk management. In...
Published 11/22/24
Today, I encountered a critical error in my day trading practice that underscores the perils of deviating from disciplined strategies. I initiated a trade involving options, which resulted in a $2,000 loss due to a panic-induced decision to sell at the worst possible moment. This mistake was compounded when I imprudently increased my position size from one contract to five contracts in an attempt to recover the loss, exposing myself to significantly higher risk. While the subsequent trade...
Published 11/20/24
I explain how to find effective entry points in day trading by applying multiple time frame analysis and leveraging moving averages as key indicators. Using a real-world trade example where I made $1,000 in 19 seconds trading put options, I walk through the process of identifying potential resistance levels by examining the 50-period moving average on the one-minute chart and corroborating it with the five-minute chart. I detail how moving averages can serve as dynamic support or resistance...
Published 11/18/24
In this video, I compare trading stocks to trading options and explain why I primarily choose options. I demonstrate how trading options requires less capital and smaller price movements to achieve the same profit as trading stocks. Using Tesla as an example, I calculate the substantial capital needed and the price movement required to make $1,000 with stocks. I then illustrate how options offer the same profit potential with significantly less capital and movement, sharing a real trade where...
Published 11/15/24
In this video, I demonstrate a method to determine whether a trader is using real money or engaging in paper trading. I address an accusation that my trading is fake and provide technical evidence from my trading platform to refute this claim. By examining the 'contra' or 'route' column, specifically the absence of the word 'demo', we can verify the authenticity of trades. I chow different trading platforms display order routing information and why this is crucial for validating real trading...
Published 11/13/24
I discuss the bull flag technical pattern, a crucial tool for beginners in technical analysis and charting. This pattern allows us to identify momentum and strength in a stock's movement, providing a logical framework for entering trades. Using IONQ as an example, I illustrate how the bull flag pattern is formed through the pole (sustained upward movement) and the flag (downward pullback). We explore ways to trade this pattern, either by buying at the lower trendline or waiting for a...
Published 11/11/24
In this video, I analyze a recent situation involving the stock DJT, which presented a "gap and trap" pattern. Before the market opened, I alerted my community to the potential risks, emphasizing caution. We examine the stock's price action, discuss the importance of being part of an experienced trading community, and highlight the dangers of holding onto losing positions in the hope of recovery. By dissecting this real-world example, we reinforce critical trading principles and risk...
Published 11/08/24
In this video, I address the impact of election results on trading strategies and the importance of personal accountability in trading success. Regardless of political outcomes, the essential factors influencing trading performance are individual risk management, strategy, and effort. Drawing from over two decades of trading experience and coaching traders since 2013, I emphasize that market fluctuations are constants, and successful trading depends on the person in the mirror.
Published 11/06/24
In this video, I explore the emergence of the Texas Stock Exchange and its potential impact on the financial markets. The Texas Stock Exchange, announced in June 2023, plans to register with the U.S. Securities and Exchange Commission, backed by BlackRock. Notable figures such as Rick Perry, former governor of Texas and U.S. Energy Secretary, and Rick Roberts, a former SEC commissioner, have joined its board of directors. The exchange has also attracted staff from Nasdaq and the New York...
Published 11/04/24
In this video, I provide an in-depth look into the technical details of our trading chatroom and the features that make it a valuable tool for traders. Using Discord as our primary platform, I explain how this community is structured, focusing on the benefits of sharing trade insights, observing price movements, and analyzing technical indicators. This chatroom offers a unique, interactive approach for traders who prioritize technical analysis, with the ability to post and comment on images,...
Published 11/01/24
In this video, I examine a real-life scenario highlighting the consequences of entering day trading without proper education and preparation. A novice trader, despite initially seeking advice, hastily entered the market and suffered a $2,500 loss within days, leading to personal distress and potential marital strain. I underscore the importance of building a solid foundation through structured educational programs rather than relying solely on free online resources. By analyzing this...
Published 10/30/24
In this video, I discuss the New York Stock Exchange's recent announcement to extend trading hours to 22 hours a day. We examine the technical details of this change, including the new extended trading times from 1:30 a.m. to 11:30 p.m. Eastern on weekdays. I analyze the potential impact on trading strategies, particularly concerning market volume and liquidity during these extended hours. We also explore how this shift might affect global traders and the possible responses from the...
Published 10/28/24
In this video, we explore how day trading groups can enhance profitability when certain conditions are met. We discuss the importance of being part of a trading community with trustworthy and knowledgeable members. I share a recent real-life example where input from another trader in my group helped me avoid a losing trade, demonstrating the value of multiple perspectives. We emphasize the necessity of having our own trading strategies and the ability to think independently while leveraging...
Published 10/25/24
In this video, I address a common but flawed trading strategy that many traders believe is effective. This approach involves seeking out stocks before they experience significant upward movements, often relying on tips from others. I explain why this method is unrealistic and unsustainable, emphasizing that it can lead to wasted time and vulnerability to scams. Instead, I highlight the critical importance of focusing on stocks with high volume and volatility, which are essential indicators...
Published 10/23/24
I discuss the foundational principles of risk management for day traders, emphasizing its basic yet critical nature. We break down the terms "risk" and "management" to illustrate why risk management is essential in trading. Through a conversation from my YouTube channel, I address a common misunderstanding about the actual risk involved in a trade. I explain that while the total amount invested is technically at risk, effective risk management strategies prevent the full loss of that amount....
Published 10/21/24
In this video, I explore the realities of day trading strategies and the importance of aligning expectations with actual outcomes. I provide a detailed analysis of a personal trade where I executed a quick scalp, purchasing options and selling them within four seconds for a profit of $350. I explain the mechanics of the trade, including interpreting my trading screen, the significance of white and green lines, and how to calculate profits in options trading. I then examine an alternative...
Published 10/11/24
I examine the parameters that define a good return on investment (ROI) and provide methodologies to identify unrealistic investment claims that may indicate fraudulent schemes. By analyzing and comparing these claims to the historical performance metrics of leading hedge funds such as Renaissance Technologies, I establish a benchmark for assessing investment returns. I also present statistical data on average annual returns of indices like the S&P 500 to contextualize typical market...
Published 10/09/24
In this video, I share a detailed analysis of a $1,200 losing day trade and extract critical learning lessons for beginners in trading. I emphasize that losses are an inherent part of trading and can be beneficial when they are controlled and disciplined. I discuss the importance of having a robust trading system that guides decisions and prevents random, impulsive actions after a loss. By adhering to my system, I demonstrate how I managed to recover from the loss and end the day with a...
Published 10/04/24
In this video, I discuss the critical importance of liquidity in options trading. I explain how trading liquid options ensures better pricing and execution due to the higher number of buyers and sellers in the market. I illustrate the differences between liquid and illiquid options using scenarios that highlight the ease of finding buyers when exiting a position. I also demonstrate how to use the free tools available on the Webull platform to identify options with high liquidity, focusing on...
Published 10/02/24
In this video, I explain why trading options could be a valuable addition to your trading strategy. If you appreciate fast-paced markets and volatility without needing a significant amount of capital, options trading might be the right fit for you. I present a real-life case study of an options trade that achieved an 18.3% return on investment in just 20 seconds, illustrating the potential speed and profitability of options. I break down how to calculate the required capital and profits in an...
Published 09/30/24
In this video, I focus on the realities of day trading as a side hustle, emphasizing the necessity of transparency and risk management. While recent trades showcased significant gains—such as earning $500 in 44 seconds and $500 in one second—it's critical to understand that losses are an inherent part of trading. I discuss two consecutive losing trades I experienced, highlighting the importance of admitting mistakes and managing risk effectively. By maintaining discipline and cutting losses...
Published 09/27/24
I demonstrate the mechanics of day trading scalping by sharing a real trade where I earned $500 in one second using options. We explore how scalping differs from other trading strategies, particularly in terms of trade management and timeframes. This approach suits traders with specific patience levels and risk tolerance, emphasizing quick entry and exit positions. We discuss the importance of aligning trading strategies with one's personal makeup and the critical role of risk management in...
Published 09/25/24
Understanding trading trends is a crucial skill in day trading, swing trading, and investing. In this video, I discuss the nuances of trend analysis and the importance of recognizing multiple layers within trends. Many traders oversimplify trends, leading to misunderstandings and missed opportunities. By analyzing an actual trade where I earned $700 in 15 seconds, I demonstrate how a comprehensive understanding of trend dynamics can enhance trading strategies. I explain how miniature uptrends...
Published 09/23/24