When the market goes down then it's buying opportunity. If the market goes up then you are making money. If you stay invested and ignore the market's ups and downs, you'll make a lot of money in the long run; however, a severe market correction causes a lot of margin calls and sell-offs, driving the market even lower. currently, I'm up 13% in my diversified portfolio. As crazy as it sounds some still make enormous returns from this seemingly unknown market. gotta be greedy when others are fearful
You put yourself out there and you’re learning which is more than many. Respect!
1. Buy more time on your contracts. 2. Gotta learn basic TA patterns and levels 3. Have a profit/loss limit before you enter. 4. Don't trade based on news, news gets reported AFTER the fact. 5. Make sure you aren't oversizing your positions. Keep them small until you have more capital/ understanding
In my opinion, buying the options closer to expiration date is ALOT less risky rather than buying a longer contract. Reason is you can just go back the past lets say week or month, then make your analysis based on that smaller time frame. Also less chance in running into a huge risk. LESSON but a call that is already in the money. Spend $245 for the 100 shares, make your money back plus $180 profit. The longer contracts of course yield higher rewards, but come with extra risks. Short contracts = Easy Money.
You gotta start checking the delta and theta on your Options.. that’s how you know how much you will make on every dollar the stock price goes up and how much you will lose everyday you hold the option contract
To see you turnover a profit with no technical analysis is beyond crazy to me. Great video , you’d be a great teacher if you mastered this stuff. I like the editing, made things clear and concise !
I appreciate you making this bro. Very personable and very transparent! Let’s get this $$$!
I've been trading options for about a year and overall down about $2K, which isn't bad considering it's a learning year the way I consider it. But I have to say my man, you should never get involved in options unless you have some knowledge of basic technical analytics like support/resistance/breakout patterns/indicators. Even if a stock has great news, it will go up to a certain point at which the price will "peak," meaning it's met resistance and then it will fall. You NEED TO KNOW THAT STUFF TO PLAY OPTIONS.
I LIKE THE WAY YOU DIDNT OVER COMPLICATE things when coming up with your trading strat something ive gotta start doing
This a great video, I learn alot watching your videos and it has been helpful to me. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started forex and crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio. Thanks so much Mrs Katherine Flores Keep up with good videos.
Some advice if your going into options based off what their teaching me in my college financial investments class. 1) Dont trade based off new news articles that come out because any news that comes out is intantly already factored into the market. 2) Dont trade based off past performance because the past cannot tell the future. 3) Prices move based off investors expectations. When a company does better than the investors expectations the price will go up and when it does worse than expectations it will go down. Possible strategy: When you think a price will go up a lot or go down a lot, using a strategy called a "long straddle" might be a good idea because you can make money no matter which way it goes but it has to move a lot in one direction.
This take me back to when I first started trading a couple of years ago. I made some great trades for a few days and I was already thinking about quitting my job then it all went downhill. Dealing with time decay is a b. Not respecting the stop loss is another big mistake. It's better to close at your loss limit for the trade and reevaluate.
Without knowing the Greeks, implied volatility, and theta decay; you're just donating money to wall street when it comes to options. My first option was a success on Pfizer calls, I thought I was Warren Buffett. I got humbled real quick though haha.
The most important thing people do not pay attention to is Option Greeks when they first start trading that is why if you hold options pass one day you may see the stock going up while the value of your option is going down. Theta and Delta is the two greeks you should pay attention to. If Delta is .40 you would x by 100 which means for every dollar change up you earn 40 dollars and change down you lose 40 dollars. Theta is how much you would lose each day you hold the option ex Theta .20 you would lose 20 dollars each day you hold the option
Bro I swear u explained it way better than anybody I watched nbs still gon watch sum mo but u did this bruh 💯
Ready the the next vid. I trade 0DTE Spx options exclusively. Credit spreads are the best way to trade with defined risk. Daily expirations. Cash settled index. Use two accounts and you jumping every day. Can even move spx on Sunday’s. Real trap shit.
I totally relate to this when I first started. Take the money and run! Every time I wait, I regret it.
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...
My guy…. When I tell you that you’re the only one (in my opinion) that broke it down for everyone to understand and made it easy for me to trade is a freaking blessing !!! Keep it up and one day when I become successful at this shit, ima take you out to eat for appreciation 💯💯💎
@ogdigitalcashflow