I am still new to this and still using a paper account. I have not even opened a live account as of yet. I want to learn as much as I can from you before I move from the paper account. Thank you for putting this information out there for us to learn from.
I loved this video, thank you so much. I started off trading on lower time frames like the 15m/30m and its not worth it, when you can catch the major move easily. It's all about patience
As an option trader I use options to hedge and manage the trade around earnings. For example a day or two ahead of a report I will buy put options to lock in my sell price if the position is adversely effected by the report. If the report is positive for the position I will then close the put position for a loss but move in stock normally more than covers the cost. Think of it like buying insurance to protect your position just as you would your home or car.
Thanks 😘 I've been successfully trading in paper, but when I moved to money it's just breaking even. Obviously I don't know how to manage volatility. Please make a video about it.
Its not likely the volatility that's causing you a problem Natalia because its the same price action in the paper trade account. The most likely problem is your emotions and the pressures of trade. I'm guessing your make paper trades and then very seldom monitor them giving them room to move and the time necessary to become profitable. However, I will also guess in your live trading account your watching those trades like a hawk and trying to micro-manage them. You must learn trust your technical analysis and trade plan. I hope that helps and I wish you all the best!
What are your thoughts on price extending away from the trendenator and then pulling back in a deep rally all the way back to the trendenator, touching it and showing a failure? I am in one now where I took this failure, unfortunately, the volume is low, and is struggling to get going back down...if you can view it the symbol is on the TSX, CFP.TO
A good shorting pattern is not the cross back below the trendenator but rather the failure after the rally back to test it as resistance. The extreme bullishness of the market is also making it very difficult for any short position at the moment but that will eventually change. I hope that answered your question. I wish you great success.
Hi. I've been watching some of your videos. You make this stuff easy to understand, thumbs up! You talk alot about 90 % gains. I just cant do the maths behind those gains.. not by normal stock trading anyways.. how do you obtain the 90 % gains??
Good morning Morten. Those are option gains using longer term options contracts. For example I'm in Jan2020 AMD contracts. That trade is up 90% from my entry in mid-March using a weekly chart.
@@RightWayOptions Roger that, thanks for your reply :) I actually have a position on from a weekly chart at the moment, entered on 12th march up almost 30% by now, and it was never even close to the weekly Vstop :)
Hello again mister! Currently I am a swing trader, and I would like to step up as position trader. I am assuming that you must use monthly chart to see the "big picture" Weekly chart as my main chart to focus Lastly daily chart as entry point Am I analyzing it correct? All those 3 chart time frame must trending up or meet my entry trading system. Then use the weekly chart to set my stoploss If what I am thinking is correct, I might try it soon, make trading much more simple hahah Looking forward for your answer! :D
Earning money consistently from trading isn't a myth. Probably you done it wrong all time around. Instead, try neat tips and see how much better you can progress
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
I am still new to this and still using a paper account. I have not even opened a live account as of yet. I want to learn as much as I can from you before I move from the paper account. Thank you for putting this information out there for us to learn from.
Happy to do it Mike and thank you for the very kind comment. I wish you great success!
@RightWayOptions can I position trade using Dow Futures contracts YM. $5 a tick. 1000 ticks is $5000
1:33 blew my mind. This is awesome.
I loved this video, thank you so much. I started off trading on lower time frames like the 15m/30m and its not worth it, when you can catch the major move easily. It's all about patience
55:00 such profound wisdom
Great stuff Doug ... plan the trade and trade the plan.
Your approach to trading is just super
This is excellent and sure find it helpful...... thanks Doug!
Great video thanks Which time frame do you use Is 4 hr chart good ? Thanks
Thanks for another excellent MMP...feel better.
Thanks Doug :) You've got a wonderful simple way of explaining your methods
Can I do this with one contract?
best thing to do on a Tuesday thx Doug!!
what brokerage does rightwayoptions use, and what settings for trailingstop?
Hey Doug with position trading, how do you account for earnings?
As an option trader I use options to hedge and manage the trade around earnings. For example a day or two ahead of a report I will buy put options to lock in my sell price if the position is adversely effected by the report. If the report is positive for the position I will then close the put position for a loss but move in stock normally more than covers the cost. Think of it like buying insurance to protect your position just as you would your home or car.
Thanks 😘
I've been successfully trading in paper, but when I moved to money it's just breaking even. Obviously I don't know how to manage volatility. Please make a video about it.
Its not likely the volatility that's causing you a problem Natalia because its the same price action in the paper trade account. The most likely problem is your emotions and the pressures of trade. I'm guessing your make paper trades and then very seldom monitor them giving them room to move and the time necessary to become profitable. However, I will also guess in your live trading account your watching those trades like a hawk and trying to micro-manage them. You must learn trust your technical analysis and trade plan. I hope that helps and I wish you all the best!
he is correct i quickly sold an option that barely took off $120 checked 6 hours later $1400!!
What are your thoughts on price extending away from the trendenator and then pulling back in a deep rally all the way back to the trendenator, touching it and showing a failure?
I am in one now where I took this failure, unfortunately, the volume is low, and is struggling to get going back down...if you can view it the symbol is on the TSX, CFP.TO
A good shorting pattern is not the cross back below the trendenator but rather the failure after the rally back to test it as resistance. The extreme bullishness of the market is also making it very difficult for any short position at the moment but that will eventually change. I hope that answered your question. I wish you great success.
Hi. I've been watching some of your videos. You make this stuff easy to understand, thumbs up! You talk alot about 90 % gains. I just cant do the maths behind those gains.. not by normal stock trading anyways.. how do you obtain the 90 % gains??
Good morning Morten. Those are option gains using longer term options contracts. For example I'm in Jan2020 AMD contracts. That trade is up 90% from my entry in mid-March using a weekly chart.
your good teacher..
your tc2000 scan code to trade this 3/8 trap does not work! 4/28/2020
You got me on this chess board. Lol. Thank you Doug, your content is right on. Great AMD bot call 10 month out.
Thanks from Panama
Are you still trailing the Vstop on the weekly charts in your position trades ?
Yes, I am Senior. However, once the trade has solid gains I will often relax the stop to allow the trend to work.
@@RightWayOptions Roger that, thanks for your reply :) I actually have a position on from a weekly chart at the moment, entered on 12th march up almost 30% by now, and it was never even close to the weekly Vstop :)
Hello again mister!
Currently I am a swing trader, and I would like to step up as position trader.
I am assuming that you must use monthly chart to see the "big picture"
Weekly chart as my main chart to focus
Lastly daily chart as entry point
Am I analyzing it correct? All those 3 chart time frame must trending up or meet my entry trading system.
Then use the weekly chart to set my stoploss
If what I am thinking is correct, I might try it soon, make trading much more simple hahah
Looking forward for your answer! :D
And the moral is that AMD stock peaked at $164 in 2021
This is amazzzzzinnggg!!!!!!
Thanks 😉👍💕
Earning money consistently from trading isn't a myth. Probably you done it wrong all time around. Instead, try neat tips and see how much better you can progress
I tell my friends too. Stop staring. I set stoploss and go
This sounds like a sermon.
turn from your sins and believe in THE LORD Jesus Christ and be baptized in THE NAME of THE FATHER, THE SON and THE HOLY SPIRIT if you haven’t already