STOP LOSING MONEY - Grow Your Account With Credit Spreads
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- Опубликовано: 10 сен 2024
- The best traders I know when to trade long positions and when to write premium with credit spreads. Learn BOTH and watch your account grow.
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Performance results are hypothetical and all trades are simulated. Past performance is not necessarily indicative of future results. OQOP7LDRFTXJSYUY
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Excellent video. I've been trading options for over 20 years. Credit spreads are the single best way to become independently wealthy for two very important reasons, as outlined in this video. 1.) It greatly lowers the amount of collateral that you have to put up for each trade vs. naked options. 2.) Every trade has a defined risk. If you want to stop working for a living and become a millionaire; both at a very young age, become very good at trading credit spreads.
dude please read this..im 7 minutes into this video after having just watched ur video on debit spreads. this is after ive watched tons of other videos on this topic. these 2 videos of yours helped to SEAL the DEAL in understanding this topic. thanks buddy. cheers. the 4 of these CS's was a masterclass in capturing price. to this day i just learned you CAN NOT get assigned on SPX options.
Thanks man I was live on that Friday it was a real wild ride with you! This puts your decisions into even more context but you are actually really good at day trading and teaching and entertaining at the same time!
Yes this guy is mind blowing!
Thank you!
Great explanation! Can you do a video step by step process of analysing the stock chart to decide which type of credit spread to do. bull or bear call or put spread? Timing entry & exits?
Great suggestion!
Great video. Especially the summary of pros and cons
Will need to watch this a few times...
Will stick to buying calls and puts for the time being ☺️
Glad it was helpful!
Is there a certain Delta you prefer before making a Credit Spread trade? Thanks
Great video OM. Would like to see you touch on how to exit these positions before expiration properly.
Great suggestion!
I really liked your explanation, it doesn't seem *that* complicated at all. It's a higher cost of admission than just buying calls or puts, but I can paper trade this while I build capital
It isnt complicated at all once you get the hang of it!
Your comments do not match your math at 6:29 of the video. You say "you subtract" and show an addition. Please correct.
Thanks for pointing out that error! Ill correct!
Very good explanation , I hope you do more videos like this - Thank You
Thank you, I will
I like how you capture that dragon between your call and put credit spreads
Can they be closed before expiration for partial profit or loss?
Yep! They can be closed anytime.
Who can forbid you to close them anytime?)
Awesome video, very knowledge and straight forward. Keep the great videos coming.
Been there done there. Word of caution : credit spreads have negative R:R. I would rather trade directional naked Options or Debit Spreads
What is R:R? Risk on return?
@@Sebastians-Estudio reward : risk ratio
There’s pretty much no difference between a debit and credit spread. A call debit spread with the same strikes as a put credit spread will have the same risk and return. I don’t see the larger risk.
Credit spreads were all fun and games until omricon. Gave back everything I made for months. Oil sold off too. Wasn't over positioned. Directional is the way
@@jsh111 Exacty my point. The losses are bigger and profit are smaller. Directional is the way.
How enlightening this video is, thank you! I have one question. Would your PCS ended up with 100% max profit had you not closed it out at the 40%? It appears thst it would have.
Yes, it would as SPX was above sold PUT.
so basically if your trading this on other tickers "spy" you would have to close the position before expiration? or what would be the best way to go about this?
You should choose it by yourself
@@drwolfik not sure what you mean by that. but I gave up on trying this when my broker said you have to make 250k+ a year or some crazy number like that for them to qualify you. if you make that much just invest in safe dividends or hell buy a mining farm if you wana get a little crazy. ridiculous.
Great video. So trades 2,3 and 4 are added legs into the first trade? If your broker doesn't allow you to add legs to existing trades, is there a way around it? Thanks!
Thanks Andrew. Great information. 👍👍
My pleasure!
my question is when setting up your call and put strikes do you factor in delta at all or just look at the chart then place them accordinly? Is there a certain % you stick too once the chart has levelled out some after 10am?
Great video, but in my experience I found out at least 1 week expiration date is more profitable than 1 or 0 dte.
My broker wont approve me for spreads, tried 4 times =(. Its like come on my account was 2k in January and its almost 10x that now what do I have to do. Most people lose money their first year and yet I've 10x'd my acc and still cant get approved???
there are lots of other brokers. Why don't you change it?
Concise!
Great Vid, at the 5:12 mark, but wouldn't your MAX loss be the 5,000.00 + Premium you paid to buy? $5,300.00?
Why do you think that premium that you have already received is a loss? =\
So, just to be clear...All stocks trading on the S&P 500 "spy" don't assign?
You will get assigned on SPY, as I learned the hard way. Thought my max risk was $70, got assigned, turned out I did not pay attention to the ex div date, end up costing me $273.
You can read specification and understand it by yourself. No, SPY is not european settled, so you may be assigned. SPX, VIX, RUT are europeans settled.
The best decision I ever made in my life was investing in financial market. Trust me guys, it pays!😊