Description
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 scenario where, had I chosen a different strategy and held the position for 25 minutes, the potential profit could have been $8,800. This comparison highlights the inherent challenges in selecting the optimal trading strategy in real-time and underscores that sometimes, despite following a valid strategy, the outcome may not be maximized in hindsight.
I discuss the psychological aspects of trading, emphasizing that moments of self-doubt are normal when a chosen strategy does not yield the maximum possible profit. However, I stress that this does not indicate a flawed strategy but reflects the unpredictable nature of the markets. I encourage traders to accept that no strategy will be perfect in all situations and to maintain confidence in their trading plans.
This video aims to provide transparency into the decision-making processes involved in day trading and to set realistic expectations for both new and experienced traders.
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...
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...
Published 11/22/24