Brother Pete! You rock sir! Happy new year! I look forward to finishing what’s on my bookshelf, and then joining one option, That’s my plan for 2025! Haha
Phenomenal video, Pete. Thank you. I learnt a lot and will be coming back to it. I think keeping the longer term perspective in mind and not getting bogged down by the short or mid-term action is one of the things I need to improve the most. Removing everything but the 50 and 200SMAs from the SPY charts really helps with that. I'm looking forward to you book! Have a great New Year!
Happy New Year Pete from Germany. With this message I would like to express my deepest gratitude towards you and Harry. I found out RDT and OneOption this past September and you have changed me the whole perspective I had about trading. Thank you so much. I am also so glad that you are writing a book. When do you think is going to be published? Best wishes from a greek guy who lives in Germany.
We're glad to have you. Trading is not easy, but this can be done! I should be done writing it in a few months. I think the publishing takes a while so I'm not sure about the timing of the actual release.
@@OneOption I am only 23 years old. I have accepted that it will take time to master it but with your proper guidance I am going to make it. Me and my family have survived Greece's economical crisis,everything elese seems "easy" now. Again thanks a lot.
Great Video mate, new to the channel and find your perspective very interesting. I do have one question, what is the AVWAPQ indicator you used? Never heard of it
Thank you Pete for the video and market analysis. In a market like 2022 if im not comfortable shorting, can I go long on the bounces? Or should I only look to short in a market like 2022? Thank you.
In hindsight we can see that the bounces were tall. In the heat of battle we didn't know that. A series of bad economic reports would have sparked a big drop. The recession everyone was expecting after massive rate hikes never materialized. Unless you are a seasoned pro, I would not advise trading against a bearish market cycle. Stay in cash and know that your turn will come. The market has been in an up trend for the last century so be patient.
Thank you Pete, it is really a great video. My question is regarding the long term investments, last week I had an impression that it was time to exit them as well (not talking about swings but rather investment in RDDT for example). Are you keeping the investments on or you are also moving to cash there too?
If it's an investment you can hang on and watch the dip. If you see the market struggling and the dips start to get deep, you can decide to exit then. Investments will hold up well relative to the market if you picked strong stocks so you give them more room to move around.
Have you found that those measured moves also follow a pattern? In this they almost seem to halve themselves each dip, loosing momentum as we approach the current position. (Sorry if terminology is wrong- I’m very new!)
I can't decide whether to paper trade or not. I am really new to this but what I noticed, when paper trading I do fool around because I can't treat this as real money. Any ideas how to approach this?
Trade 1 share of stock. Then you will have some skin in the game. Don't increase from that until you have a 75% win rate for at least a few months consecutively. This is going to take time to learn.
My 2 cents - avoid trading the stocks that suddenly move hugely (news or whatnot) Avoid meme-y stocks, and avoid crypto stocks until you get more used to trading. Same with TSLA usually - if you know how to trade that one great but it's known to be a little crazy. And depending on your own tolerance, don't trade 1 share above some certain amount. There are stocks that are north of 500 (like COST) that are nice to trade, but the initial 1 share cost can be daunting. I would say good luck but in this learning process, you don't need luck. Just stick to it and try to learn how to be patient, when to enter a trade, and when to exit your trade. You got this.
You can plot the measured moves using the Fibonacci Retracement tool. Edit: Use the tool to create a 200% retracement (do not use the default Fib Retracement levels). I can explain in more detail if anyone needs further directions.
@youknownothing9556 I know, which is why people may not know you can use the Fib Retracement to easily chart this. Pete is describing measured moves as a 200% retracement. Please try it and let me know if it works.
@youknownothing9556 Don't use traditional/default Fib levels. Only use a 200% retracement. It's the same thing as a measured move. I can help you chart it.
I love your videos man but Can you zoom in a bit more to the charts and let us know what hourly charts you're looking at? I want to follow along with you.
Happy New Year everyone! Please leave your comments and questions.
Awesome video Pete, you're a guiding light in a storm!
Another unbelievable stream. Happy New Year Pete!
Happy New Year Pete. May your year be blessed with health and happiness. And some money.
Nice new addition to my toolbox with the measured move. Thanks for the knowledge. Happy new year.
Nice Video Pete. Thanks!
Happy holidays
Brother Pete! You rock sir!
Happy new year!
I look forward to finishing what’s on my bookshelf, and then joining one option, That’s my plan for 2025! Haha
I look forward to having you aboard.
Phenomenal video, Pete. Thank you. I learnt a lot and will be coming back to it. I think keeping the longer term perspective in mind and not getting bogged down by the short or mid-term action is one of the things I need to improve the most. Removing everything but the 50 and 200SMAs from the SPY charts really helps with that. I'm looking forward to you book! Have a great New Year!
Been watching a lot of your videos, Pete, but with this one things really clicked. Thank you so much! Looking forward to 2025
It will be an exciting year. I see some volatility ahead.
Great stuff Pete! Thanks
Thanks Pete! I'm always learning from you.
Happy New Year Pete! 🍉🍉🍉
Great video, very educational !
Happy New Year Pete from Germany.
With this message I would like to express my deepest gratitude towards you and Harry. I found out RDT and OneOption this past September and you have changed me the whole perspective I had about trading. Thank you so much.
I am also so glad that you are writing a book. When do you think is going to be published?
Best wishes from a greek guy who lives in Germany.
We're glad to have you. Trading is not easy, but this can be done! I should be done writing it in a few months. I think the publishing takes a while so I'm not sure about the timing of the actual release.
@@OneOption I am only 23 years old. I have accepted that it will take time to master it but with your proper guidance I am going to make it. Me and my family have survived Greece's economical crisis,everything elese seems "easy" now.
Again thanks a lot.
Great Video mate, new to the channel and find your perspective very interesting. I do have one question, what is the AVWAPQ indicator you used? Never heard of it
Glad to have you aboard. This video explains it. ruclips.net/video/ICW4sR3HOjU/видео.html
awesome
Thank you Pete for the video and market analysis. In a market like 2022 if im not comfortable shorting, can I go long on the bounces? Or should I only look to short in a market like 2022? Thank you.
In hindsight we can see that the bounces were tall. In the heat of battle we didn't know that. A series of bad economic reports would have sparked a big drop. The recession everyone was expecting after massive rate hikes never materialized. Unless you are a seasoned pro, I would not advise trading against a bearish market cycle. Stay in cash and know that your turn will come. The market has been in an up trend for the last century so be patient.
Thank you for the reply Pete, much appreciated.
Happy Holidays. How you feel about NFLX for the next 2 weeks to see 1 month. Thanks in advance
I don't like NFLX as much as I like cash.
Thank you Pete, it is really a great video. My question is regarding the long term investments, last week I had an impression that it was time to exit them as well (not talking about swings but rather investment in RDDT for example). Are you keeping the investments on or you are also moving to cash there too?
If it's an investment you can hang on and watch the dip. If you see the market struggling and the dips start to get deep, you can decide to exit then. Investments will hold up well relative to the market if you picked strong stocks so you give them more room to move around.
@@OneOption Thank you
Have you found that those measured moves also follow a pattern? In this they almost seem to halve themselves each dip, loosing momentum as we approach the current position. (Sorry if terminology is wrong- I’m very new!)
I can't decide whether to paper trade or not. I am really new to this but what I noticed, when paper trading I do fool around because I can't treat this as real money. Any ideas how to approach this?
Trade 1 share of stock. Then you will have some skin in the game. Don't increase from that until you have a 75% win rate for at least a few months consecutively. This is going to take time to learn.
@OneOption is there such thing as beginner friendly shares? Or rather, are there stocks or futures that I should avoid as a newbie?
My 2 cents - avoid trading the stocks that suddenly move hugely (news or whatnot)
Avoid meme-y stocks, and avoid crypto stocks until you get more used to trading. Same with TSLA usually - if you know how to trade that one great but it's known to be a little crazy.
And depending on your own tolerance, don't trade 1 share above some certain amount. There are stocks that are north of 500 (like COST) that are nice to trade, but the initial 1 share cost can be daunting.
I would say good luck but in this learning process, you don't need luck. Just stick to it and try to learn how to be patient, when to enter a trade, and when to exit your trade. You got this.
You can plot the measured moves using the Fibonacci Retracement tool. Edit: Use the tool to create a 200% retracement (do not use the default Fib Retracement levels). I can explain in more detail if anyone needs further directions.
We don’t do Fib Retracement here
@youknownothing9556 I know, which is why people may not know you can use the Fib Retracement to easily chart this. Pete is describing measured moves as a 200% retracement. Please try it and let me know if it works.
@youknownothing9556 Don't use traditional/default Fib levels. Only use a 200% retracement. It's the same thing as a measured move. I can help you chart it.
You can, but I hate all of those lines. I am working on an automated method for this display and I only care about the 100% level.
@@OneOption Thanks Pete, just trying to help anyway I can. You're super appreciated and happy new year!
I love your videos man but Can you zoom in a bit more to the charts and let us know what hourly charts you're looking at? I want to follow along with you.
Long $CASH $1.00 lol
Cash is a position.