General Trading FAQ
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First of all, welcome. Be sure to go slow, take your time. There is nothing worse than rushing into this education. Technical analysis, day trading, options trading, it's all a process and a journey. Go slow and learn to walk before you run.
This site is full of FREE information about the strategy used to take advantage of the market every day.
Check out the Get Started section to learn how to follow along with the information posted on the site.
If you still have questions after completing the educational content, please reach out to me!
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An option is a financial vehicle tied to an underlying asset.
A call option on SPY will increase in value when SPY goes up on the charts. A put option on SPY will increase in value when SPY goes down on the charts.
Now, read that again!
Learn more about options at Options 101
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Everyone's trading journey is going to be different. I will say that the ability to learn a system, remain disciplined, and showing extreme patience will go a long way. But I can't, nor can anyone, tell you how long it will take for it to click for you.
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Wrong question to ask. You need to ask yourself how much you are willing to lose. Trading is a process, takes time. Most give up due to lack of discipline and patience.
End of the day, roughly 90% of people fail at this game of trading. I'm not a guru promising you instant success. This takes time.
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I aim to make $10-15 per contract on the first reaction of a level. If I have enough size to leave on some for the next targets, that's where things get interesting!
Also realize I aim to be done by 10:00 am.
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No! There is no PDT (pattern-day-trading) rule with options trading in a CASH account. Different brokers have different requirements for capital, but you can trade with just a few thousand dollars in an account. Do your research!
About the Charts
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I use Tradingview for charting software
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These are the main levels I place in order to build my plan. Using the Daily chart is the key here for levels.
Not all the levels I place come in to play for the day. But the ones that do test that day, that's where my attention is.
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These are trade boxes. For a long, there is a 50 cent green box above the marked level. I start entering my trades here, green is go!
The marked trade level will separate the red and green. I add as needed at level if I have started early to correct my average.
In the red section, learning how to add properly and exit on a retracement takes a lot of practice!
Managing your emotions in these red trades is what makes or breaks traders over time.
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These are moving averages. Many traders use a variety and combination of moving averages.
No other indicators (other than volume) are used. There are thousands of indicators. They are a distraction, focus on proper technical analysis.
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I identify these levels every morning prior to market open. Every premarket plan has a timestamp on top left of picture.
So much goes into learning which levels to pay attention to. Years of studying and mentorship has allowed me to form the day to day consistency of my plans. Everything starts with a plan!
It's taken even longer to get consistent with mindset, which is the real secret to trading.....MINDSET
In the Trade
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I wish I could say it's as simple as making the plan and sticking to it....but it really is. Choosing which trade to take once the market opens up comes down to the Checklist Prior to a Trade
Our minds deceive us and mess with our decisions when it comes to money. Learn where your weakness is in trading, and fix it!
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Depends on the size one is using in the trade. I have been taught to lock in a majority of my profit (75-80%) on the first reaction. This usually equates to 30-50 cents on the stock chart. Doesn't sound like much, but that equates to roughly 10-20% move with options......and this can happen in a matter of minutes.
Learn more about how to pay yourself.
At the end of the day, it’s about stacking base hits and building confidence. This might be day trading, but it’s also about the long game.
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If the action goes past a level without reacting, I'm looking to add within my risk area (RED) to correct my average, then get out as we approach the original level. This is an ideal situation.
Not all situations are ideal, hard stops above risk levels do happen, it's the hardest part of trading. Learning from the trade and if you traded it to plan and strategy is an important take away. Learn how to stop out
How I Do Things
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The information is already out there on how to trade. This is not a new strategy. I'm simply showcasing what I've learned, what I see on a day to day basis, and how I take advantage of it as a full time trader.
Too many traders forget where they came from, charging new people in the space to learn the very basics of technical analysis and options trading.
This is an opportunity for me to share my passion, as well as open the space to some people who may not have otherwise accessed it.
While there may be a time in the future I coach others, right now I'm focused on sharing my journey and what I've learned.
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Focusing on money is the wrong way to go. It should take time to work up to enough size to start making decent money.
I sat and watched for months before starting a paper/practice account back in 2021, then moved to a real account. The lure of money shouldn't be the enticing factor here, it should be the consistency of the plans you see before you.
I don't want to give unrealistic expectations with some of my bigger trades. I prefer to keep things about education and the process.
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I trade options. With options, you need less capital per position/trade and the price/value fluctuation is significant. This also means you can lose a higher amount than if you were trading stocks. Again, do your own research and figure out what is best for you!
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Less is more. The ability to focus on just a handful of opportunities a day really puts your discipline and focus to the test.
SPY and QQQ are two of the most heavily traded ETFs on the market. I was taught how to trade and read how these charts move.
While I do fill my day with other technical analysis tracking, it's because I enjoy it and it makes me more proficient in my work. I don't do it to take more trades.
Plus, look at the history of the plans. Do I really need to trade other stocks!? Trade Plans
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The consistency of morning triggers/trades working versus afternoon trades is staggering. Go through the Archive to see for yourself.
Plus, I got in to trading to work for myself and take control of my life. I'm not interested in watching the charts all day if I can make a day's wage by 10:00 am EST. Better yet, if you are on the west coast, you can be done with your day even earlier!
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I was taught this is where you will have the highest probability of getting a reaction due to the amount of volume waiting for the first test. After years of studying this, I agree!
Get efficient with trading one trade a day in a professional manner. It's harder than you think.