Thanks for the vid. Your strategy is almost the same as scarface trades. He marks out the premarket high/low, then after the bell he waits for the first 5 min candle to form and then marks out the highs/lows, then moves down to the one min candle for price action, break out retest method like what you're describing. Working and practicing my strategy right now. Excited for this new journey im taking and I'm glad i discovered your channel and his. Thanks man.
TBH. It was really that hard, especially at the beginning, I was experiencing a lot of emotion. The hardest part is consistency, but the real key is 'RISK MANAGEMENT" and to be able to achieve that you need a lot to discipline yourself, as of now I'm still in that stage where it is almost hard to discipline myself, especially the greed and trade revenge thing. hopefully, I will overcome it and be profitable like these guys (scarface and Jack) thanks to your contribution to the community and my respect to both of you for doing this for free to some of us who can't afford a piece of genuine information like you do guys! thank you very much I say!.
I hear you-discipline is the hardest part, especially when emotions are running high. Greed and revenge trading can destroy a good strategy faster than any market move. But once you master risk management, you’re halfway there. Remember, the market has a way of reverting to key levels-staying patient and sticking to your plan will pay off in the long run. Keep pushing through, you’re on the right track!
YES, finally another decent fellow options trader on RUclips. I also trade options, mostly SPX but trying to get into NDX, have done a lot of NASDAQ tickers in the past as well. This is pretty spot on stuff.
Bro is that you saying "oh my gato (cat???)" at 17:00? 😂. Its funny listening to your reaction from just a few years ago vs now where there is almost no reaction or emotion in your trades. You evolved into a trading robot lol. Great vid on risk management, I need to focus a little more on my risk management.
Your trading same day options? Same day expiry? Options are the best way to day trade, simple math with risk vs reward. Understanding entry and exit. Then having patience and discipline to hold and exit in tranches. Good stuff
I have a few questions about your first Tesla trade 1) you said you were risking about 900$ but you bought 11 contracts at 11.20’each. So do you mean that you are cutting your losses at 900$? If so, what % of your portfolio do you trade, ie, how large is your position size on a single trade 2) you added levels at the wicks of the opening range. However your first Tesla trade was at another level in the middle. How do you determine this level?
The crypto market has been unfavorable for months and I keep losing my money selling-off during dips, I'm very scared of holding right now, how do you guys still make so much….?
Well...I will advise you should stop trading on your own if you keep losing and start trading with an expert because trading with an expert is the best strategy for newbie...
GOOD CONTENT !!! Very engaging right from the beginning These are tough times and frankly I appreciate how you discuss global finances in such a delicate way . Business and investment
the first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I loved watching this! Very helpful! Even though I have only been trading for a few months in a simulated account and I'm still learning the lingo, I find this information extremely valuable. Is this considered "breakout trading"?
drawing support and resistance out of the 1 minute begining candle is so goofy it made me laugh, but if that shit works hey, guess what im doing tomorrow morning?
Thanks for the vid! To be clear, you were able to avoid the pattern day trader minimum account balance requirement of at least $25,000 by a combination of trading less than 4 times per week, as well as never going "all in" on any one particular trade, right? 10% was the most you'd put up per trade, give or take? I'm assuming you never traded this test account on margin at any point once it was profitable enough, correct?
I completely forgot about the PDT tbh. I personally live in Canada so I was never affected by PDT. For US citizens it would be the exact same but you would just be limited to the amount of trades that you would take on a day to day basis.
Can you tell me the name of your canadian broker please? I trade at IB and ameritrade, i would like to test your broker, i don't to deal with 25k rule.
Exactly, pure price action cuts through the noise and gets right to the core of what the market’s doing. It’s not easy, but the simplicity of it can be powerful when you master it. Plus, when you focus on how price reverts to key levels, you start to see the market in a whole new light. Keep honing that skill-consistency will follow!
Fake- making a 1600% return within a month where most of your target audience are newbies is setting the bar at very unrealistic expectation in fact 99.99% impossible for anyone to achieve with real trading risk management and strategy, and too many buying contracts where the account is too small for it handle is very suspicious to the newbie eye this hard to notice so I find the video quite disingenuous shows us some broker statements otherwise this kind of video is very misleading and encouraging gambler like get rich quick schemes ❤ stay safe yall
I just started watching your videos & also live in Canada. Do you invest through a non registered/open account or can you use your TFSA? Can you talk more about your options time frames, expiry dates, do you usually buy 90 day contracts? What do you think about using platforms from the larger banks like RBC and TD direct investing ? Which platform do you use now and why?
In his last webinar he said that on average he risks 10-15% of his position on average. If you're going to enter a trade, look at the last previous level that the trade might pivot back to and set your stop loss barely past it. Only enter a trade if your target to sell is at least 2-3 times bigger than that. I made about 10k in my first couple months trading listening to this guy and Scarface trades. Lost all of it not listening and trying to hold onto trades based off of speculation and hope. The hardest part is setting that stop loss and no matter what letting it happen instead of canceling it last minute and thinking you will give the trade a little more room to bounce back. Risk management is everything. (Aka you need to take a loss when your trade starts going the other way to the point where you have lost 10-15% of your position)He made all that money losing 6 out of 10 trades on average. That means you have to become good at losing and knowing when you do win it will be much bigger than what you lost. Hope this helps.
Great question! The beauty of reversion-based trading is that it works across the board-stocks, futures, you name it. The market has a habit of reverting to certain levels after those sudden impulse moves, no matter the asset. It’s all about finding those points where price is most likely to come back, which happens around 97-99% of the time. So yes, it can definitely work for futures if you know what to look for. The key is in spotting those patterns and acting when the probabilities are in your favor.
“If I lose the 3k dollars, it’s no big deal” So… Can I have them, please? 😇 Anyway, great content bro. I’m a new trader trying to grow a small account, because I’m broke asf. I noticed 1 thing. when you have small money, you want to risk more to increase the reward. That’s how I grew a 10 dollars to 32 dollars in my first week, and then reduced my assets to 8 dollars in another week.
so you only trade 15 percent max of your total capital on trades? you could make so much more money if you went all in if you going to make 50+ thousand dollars you were gonna make that amount regardless.
How do you go about calculating your stop loss amount based on the options strike price since every risk/reward ratio is different? In your example at ~11:00 your risking $900. How did you calculate that amount (Is it the total cost of your contracts? Or a percentage of your contracts? And how do you go about figuring out that step for each trade? I understand how to draw out the long/short position, but not sure how it connects to each options trade since every trade amount is different, even as it relates to how big you set your stop loss. Appreciate all of the info, cheers.
I determine this after the fact. In real time I will use the options contracts or delta to determine around how much I'm risking. On average I risk around 10-15% so If I have a $10,000 position I risking around $1000. This is just the basics of it as calculating risk for options is different then futures and stocks
Hi Jack, do u have a like beginner IB review of how you set your charts up to look like yours, etc? Is this on your initial youtube & if so wonder where?
Do you wait for a 5min candle to close above or below a key level and then take the retest entry on the 1 min? Or you’re mainly looking for B&R on the 1 min Nice video by the way ! Love the organization and simplicity!
2 things that would make you more credible. Interactive broker uses cookies to identify people, so there's no need to hide the url. I can create an html page with CSS that looks like IB and reload it at will. You don't show whether it's a demo account or a real account.
Wasn't hiding the URL, was just hiding my account number. I would be surprised if anyone would go to those lengths especially with the trade log as well. And on top of that as for the live trading it TWS shows if your on demo or not.
How were you able to predict how much you were risking on option contract? I find it alot of times when i wanna risk 200$ ill end up losing 350$ or 400$ because of premiums and slippage
It’s not an exact amount. When calculating risk you can based off of delta or looking at the options contracts. Sometimes you lose more then intended and sometimes you lose less
@@JdubTrades Can you expand on this a little more? When you mention only using 1% of your total account of $3,000, are you only entering option trades costing $0.30 or less in case you lose the full amount? Would you enter option trades for more, say up to $3.00 and set your stop loss to ~10% of that amount
How are you calculating what price to set your stops on the contracts? It looks like you bought 6 contracts for $14.83 so wouldn't you be risking ~9k ? I thought the account only had 5k?
That is the position size. Out of the 9K I’m only risking 10% of the overall position. As for the account size it grew overtime so that 5K eventually turned to over 50K
So on a 10k trade your max allowable loss is 1k? Do you just stop out at that dollar amount or whatever ten percent is if you are in a trade that's against you. Also can you clarify the price action or order blocks for stops. Close above below the on or simply trade thru it. Or do you need it to close outside your stop level and on what time frame? Thanks. I'm new in your discord and I'm not clear on the stops @@JdubTrades
@@JdubTrades I see, so the stop price levels are based on the price of the contracts not the price of the underlying? i.e. you sell when each contract loses roughly 10% of its value?
Newby here. Is this a futures trade with Tesla? You mentioned that you were trading contracts...... I am not sure if you can trade futures with just Tesla....? Sorry this may be clear for most of you but a bit confusing for me.
11 contracts for $900? What was the delta? Sounds like a deep out of the money contracts. Can you make a video with these type of details for beginners? Explaining how you pick contracts?
DO IT WITH 500$!!! if you truly believe you should be on RUclips teaching others as a coach or mentor you should prove your accusations with money the average day person can afford to spend!! And that’s more of challenge for yourself as well to get a 500$ to 10,000
Every video I make has results within a month of taking them. This just happened to be a video idea on a small account and I haven’t done a small account challenge recently show I just used my old results.
This stats and trades are so old from APR 2022!!! Why aren't you showing current trades and stats ? I hope you're doing well and would appreciate sharing current trades and stats.
Thanks for the vid.
Your strategy is almost the same as scarface trades.
He marks out the premarket high/low, then after the bell he waits for the first 5 min candle to form and then marks out the highs/lows, then moves down to the one min candle for price action, break out retest method like what you're describing.
Working and practicing my strategy right now.
Excited for this new journey im taking and I'm glad i discovered your channel and his.
Thanks man.
Yep he also looks for the opening range of the 5 minute candle as well. We both have solid videos on the 5 Minute opening range break and retest.
@JdubTrades is there a link to the 5 min opening range break video
Please let us know how it goes mate. TIA
TBH. It was really that hard, especially at the beginning, I was experiencing a lot of emotion. The hardest part is consistency, but the real key is 'RISK MANAGEMENT" and to be able to achieve that you need a lot to discipline yourself, as of now I'm still in that stage where it is almost hard to discipline myself, especially the greed and trade revenge thing. hopefully, I will overcome it and be profitable like these guys (scarface and Jack) thanks to your contribution to the community and my respect to both of you for doing this for free to some of us who can't afford a piece of genuine information like you do guys! thank you very much I say!.
Appreciate you brother!
I hear you-discipline is the hardest part, especially when emotions are running high. Greed and revenge trading can destroy a good strategy faster than any market move. But once you master risk management, you’re halfway there. Remember, the market has a way of reverting to key levels-staying patient and sticking to your plan will pay off in the long run. Keep pushing through, you’re on the right track!
YES, finally another decent fellow options trader on RUclips. I also trade options, mostly SPX but trying to get into NDX, have done a lot of NASDAQ tickers in the past as well. This is pretty spot on stuff.
Killer video man thanks for the in depth explanations as always
Appreciate it!
JDUB is the MAN!
Your discord is well worth the money Jack thank you
Bro is that you saying "oh my gato (cat???)" at 17:00? 😂. Its funny listening to your reaction from just a few years ago vs now where there is almost no reaction or emotion in your trades. You evolved into a trading robot lol. Great vid on risk management, I need to focus a little more on my risk management.
I’ll be honest when looking back at the footage idk what I was saying. I was making up words🤣🤣
@@JdubTrades hahaaha
Your trading same day options? Same day expiry? Options are the best way to day trade, simple math with risk vs reward. Understanding entry and exit. Then having patience and discipline to hold and exit in tranches. Good stuff
Great video brother and amazing job on those executions
I have a few questions about your first Tesla trade
1) you said you were risking about 900$ but you bought 11 contracts at 11.20’each. So do you mean that you are cutting your losses at 900$? If so, what % of your portfolio do you trade, ie, how large is your position size on a single trade
2) you added levels at the wicks of the opening range. However your first Tesla trade was at another level in the middle. How do you determine this level?
I thought the same exact thing “Watch me trade with 3k” …
Makes a trade risking $12,320. Even if he has a $900 stop loss its kinda deceiving
The crypto market has been unfavorable for months and I keep losing my money selling-off during dips, I'm very scared of holding right now, how do you guys still make so much….?
Well...I will advise you should stop trading on your own if you keep losing and start trading with an expert because trading with an expert is the best strategy for newbie...
GOOD CONTENT !!! Very engaging right from the beginning These are tough times and frankly I appreciate how you discuss global finances in such a delicate way . Business and investment
the first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
I Started with 5,000$ and Withdrew profits
89,000$
just withdrew my profits a week ago,
To be honest it was an amazing feeling
when the profits hits my wallet I wish I
could reinvest but, too much bills
I loved watching this! Very helpful! Even though I have only been trading for a few months in a simulated account and I'm still learning the lingo, I find this information extremely valuable. Is this considered "breakout trading"?
Can you show also the losses and the details what went wrong? Great bro, keep going💥💥
Do you pay for live market data? And which ones?
drawing support and resistance out of the 1 minute begining candle is so goofy it made me laugh, but if that shit works hey, guess what im doing tomorrow morning?
Thanks for the vid! To be clear, you were able to avoid the pattern day trader minimum account balance requirement of at least $25,000 by a combination of trading less than 4 times per week, as well as never going "all in" on any one particular trade, right? 10% was the most you'd put up per trade, give or take? I'm assuming you never traded this test account on margin at any point once it was profitable enough, correct?
I completely forgot about the PDT tbh. I personally live in Canada so I was never affected by PDT. For US citizens it would be the exact same but you would just be limited to the amount of trades that you would take on a day to day basis.
Can you tell me the name of your canadian broker please? I trade at IB and ameritrade, i would like to test your broker, i don't to deal with 25k rule.
@@JdubTradeswhat if I move from margin to cash account?
Pdt only applies to margin accounts. This was a cash account with $4k
What happens when u trade more than 4 times?
nice work man 👌👌👌
It is not so easy, but it is working for you 👍
What I like is that you are only using pure price action
Exactly, pure price action cuts through the noise and gets right to the core of what the market’s doing. It’s not easy, but the simplicity of it can be powerful when you master it. Plus, when you focus on how price reverts to key levels, you start to see the market in a whole new light. Keep honing that skill-consistency will follow!
Thanks great video!
Glad you liked it!
10 contracts Tesla at $12 equals $12,000 capital investment to make that trade.
thank you jdub👍
You mentioned that you used contracts 11 did you mean to say shares or are you somehow able to trade futures for Tesla? If so, how?
Fake- making a 1600% return within a month where most of your target audience are newbies is setting the bar at very unrealistic expectation in fact 99.99% impossible for anyone to achieve with real trading risk management and strategy, and too many buying contracts where the account is too small for it handle is very suspicious to the newbie eye this hard to notice so I find the video quite disingenuous shows us some broker statements otherwise this kind of video is very misleading and encouraging gambler like get rich quick schemes ❤ stay safe yall
If you use ICT concepts remember that ICT stands for “I Cannot Trade”
Now do the same thing with $300 or less. Most people don’t have 3k. Target the audience that only have 100 - 300 to invest into an account.
I just started watching your videos & also live in Canada. Do you invest through a non registered/open account or can you use your TFSA? Can you talk more about your options time frames, expiry dates, do you usually buy 90 day contracts? What do you think about using platforms from the larger banks like RBC and TD direct investing ? Which platform do you use now and why?
Thanks for the video. I have a question, which back test do you use? how do you select these stock options?
U trade futures, options, or forex?
Yeah I was wondering the same thing.
@ 12:20 how did you select 874 as your key level?
To achieve this, did you need to use a leveraged account? If so, can you do a video on margin trading?
does trade zella connect to ur broker to see the times u took ur trades or is that something u input manually?
Do you limit or market in?
How do you discipline yourself to always follow good risk reward? a checklist or other tools?
In his last webinar he said that on average he risks 10-15% of his position on average. If you're going to enter a trade, look at the last previous level that the trade might pivot back to and set your stop loss barely past it. Only enter a trade if your target to sell is at least 2-3 times bigger than that. I made about 10k in my first couple months trading listening to this guy and Scarface trades. Lost all of it not listening and trying to hold onto trades based off of speculation and hope. The hardest part is setting that stop loss and no matter what letting it happen instead of canceling it last minute and thinking you will give the trade a little more room to bounce back. Risk management is everything. (Aka you need to take a loss when your trade starts going the other way to the point where you have lost 10-15% of your position)He made all that money losing 6 out of 10 trades on average. That means you have to become good at losing and knowing when you do win it will be much bigger than what you lost. Hope this helps.
thanks bro
Do you only trade stock with it? Scarface also trade stocks only. Will it work for futures? Thanks
Great question! The beauty of reversion-based trading is that it works across the board-stocks, futures, you name it. The market has a habit of reverting to certain levels after those sudden impulse moves, no matter the asset. It’s all about finding those points where price is most likely to come back, which happens around 97-99% of the time. So yes, it can definitely work for futures if you know what to look for. The key is in spotting those patterns and acting when the probabilities are in your favor.
“If I lose the 3k dollars, it’s no big deal”
So… Can I have them, please? 😇
Anyway, great content bro. I’m a new trader trying to grow a small account, because I’m broke asf.
I noticed 1 thing. when you have small money, you want to risk more to increase the reward.
That’s how I grew a 10 dollars to 32 dollars in my first week, and then reduced my assets to 8 dollars in another week.
Interesting video. I assume that Toronto time zone is the same as New York, so you are trading at NYSE opening right ?
Nevermind you just said so later in the video !
Are you buying shares or options?
so you only trade 15 percent max of your total capital on trades? you could make so much more money if you went all in if you going to make 50+ thousand dollars you were gonna make that amount regardless.
Sir, may I ask how many points is your Stop Loss for NQ? Thank you.
How do you use contracts on stocks to trade?
Are you using the current week exipry + Buy call for long and buy put for short?
It’s true guys trading is all luck no skill!
1% is for rookies. I trade at 30%
Crazy man
At what point do you raise your stops?
How do you go about calculating your stop loss amount based on the options strike price since every risk/reward ratio is different? In your example at ~11:00 your risking $900. How did you calculate that amount (Is it the total cost of your contracts? Or a percentage of your contracts? And how do you go about figuring out that step for each trade? I understand how to draw out the long/short position, but not sure how it connects to each options trade since every trade amount is different, even as it relates to how big you set your stop loss. Appreciate all of the info, cheers.
I determine this after the fact. In real time I will use the options contracts or delta to determine around how much I'm risking. On average I risk around 10-15% so If I have a $10,000 position I risking around $1000. This is just the basics of it as calculating risk for options is different then futures and stocks
@@JdubTradeswould be great if you made a video on this
@@JdubTrades Appreciate the response 🙏
Hi Jack, do u have a like beginner IB review of how you set your charts up to look like yours, etc? Is this on your initial youtube & if so wonder where?
I currently do not have a setup video for IB or Trading view. However I will end up making one sooner than later
Great to hear, I think you are the most sincere and transparent trade expert out there. Will look out for it!
Do you wait for a 5min candle to close above or below a key level and then take the retest entry on the 1 min? Or you’re mainly looking for B&R on the 1 min
Nice video by the way ! Love the organization and simplicity!
When trading earlier in the open I’ll be trading on the 1 minute. After price develops I’ll be on the 5 minute
when you are in profit do you move your stop loss up
Oh shoot, I missed the webinar 😢
before entering your trafe do u also look for confluences for example if qqq is also going to the direction you want to take?
Yes that is one of my main confluences that I look for. QQQ correlations play a big point in my trading.
thats awesome. same. @JdubTrades
2 things that would make you more credible.
Interactive broker uses cookies to identify people, so there's no need to hide the url.
I can create an html page with CSS that looks like IB and reload it at will.
You don't show whether it's a demo account or a real account.
Wasn't hiding the URL, was just hiding my account number. I would be surprised if anyone would go to those lengths especially with the trade log as well. And on top of that as for the live trading it TWS shows if your on demo or not.
Interesting screen layout. Are you still using the 1 min and 5 min charts side by side?
Nope that was a few years ago I have a completely different trade setup now. I’ll make a video on the new trading layout
how does this work on futures compared to stocks ,
like NQ
Nice 😊
Someone who has traded indices VS stocks can confirm that stocks respect more price action and supply/demand concepts than indices?
options are scary. I'm an equities guy.
TESLA is abour $230
your video is old
how much money need to start option trading
That wall looks good. I need it. Add link
Did you find this strategy to work on all stocks or just certain stocks?
Yes I have videos taking about certain strategies more in depth.
Is this a 0-DTE contracts ?
Were you trading options, futures or combined?
Options
What 2 ema you use?
How were you able to predict how much you were risking on option contract? I find it alot of times when i wanna risk 200$ ill end up losing 350$ or 400$ because of premiums and slippage
It’s not an exact amount. When calculating risk you can based off of delta or looking at the options contracts. Sometimes you lose more then intended and sometimes you lose less
@@JdubTrades Can you expand on this a little more? When you mention only using 1% of your total account of $3,000, are you only entering option trades costing $0.30 or less in case you lose the full amount? Would you enter option trades for more, say up to $3.00 and set your stop loss to ~10% of that amount
Do you have a video about IAB?
How are you calculating what price to set your stops on the contracts?
It looks like you bought 6 contracts for $14.83 so wouldn't you be risking ~9k ? I thought the account only had 5k?
That is the position size. Out of the 9K I’m only risking 10% of the overall position. As for the account size it grew overtime so that 5K eventually turned to over 50K
So on a 10k trade your max allowable loss is 1k? Do you just stop out at that dollar amount or whatever ten percent is if you are in a trade that's against you. Also can you clarify the price action or order blocks for stops. Close above below the on or simply trade thru it. Or do you need it to close outside your stop level and on what time frame? Thanks. I'm new in your discord and I'm not clear on the stops @@JdubTrades
@@JdubTrades I see, so the stop price levels are based on the price of the contracts not the price of the underlying? i.e. you sell when each contract loses roughly 10% of its value?
lolz..why use so old data..use live data and prove it.
Is opening candle print the range in the first 15 minutes?
5 Minute
Newby here. Is this a futures trade with Tesla? You mentioned that you were trading contracts...... I am not sure if you can trade futures with just Tesla....? Sorry this may be clear for most of you but a bit confusing for me.
It's option contracts bcoz he mentioned strike price in the 1st example.
@@ArulMugilan Thanks for the clarification!
11 contracts for $900? What was the delta? Sounds like a deep out of the money contracts. Can you make a video with these type of details for beginners? Explaining how you pick contracts?
$900 is how much he was willing to lose of what he paid for the 11 contracts, not how much he paid for them.
@@Mikaeel84 ahh, makes more sense.
What is the 84% rule you are talking about?
ok so you are a swing trader -> got it.
Just doing market research
Idk how you buying multiple Tesla contracts for cheap with only $700. You need at least a grand
Not a "key-level" if you can see just on the 1min chart...
What broker you use though
IBKR
DO IT WITH 500$!!! if you truly believe you should be on RUclips teaching others as a coach or mentor you should prove your accusations with money the average day person can afford to spend!! And that’s more of challenge for yourself as well to get a 500$ to 10,000
J..you only trade break and retest..if you don't get that retest you're not taking the trade..is right ?
Correct for 90% of the time. I have a few other entry models but 90% fall underneath some sort of Bnr
I see the risk but to leveraged 13k to make that 6k
Bro, where’d get your hair cut? Will need to avoid that😮
Why is he showing old results and case studies 🤔
Every video I make has results within a month of taking them. This just happened to be a video idea on a small account and I haven’t done a small account challenge recently show I just used my old results.
Hi
$874 on TSLA?? This is an old video?
12:32 why it’s key level for ya..?
This stats and trades are so old from APR 2022!!!
Why aren't you showing current trades and stats ?
I hope you're doing well and would appreciate sharing current trades and stats.
This was an example. I show trade stats for recent trades every single video.
سیهدیر
lol.
You bought 11 at $1,100 a contract? You paid $12000 with a $3k account??? That doesn’t seem right.
dude, you can even fake it being a fake furu, doesnt suit your face
Like
16:11 bullish wedge pattern.
alot of people got lucky in the bull run just buy but notice how they dont do it right now lol cuz they have zero edge
2022
Like