SPY - How to Profitably Trade it
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- Опубликовано: 30 май 2024
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𝐋𝐞𝐠𝐚𝐥 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
Considering the current state of SPY, having cashed out before the dip, I have less than $200k to average down with. Any suggestions? Should I go for short positions this quarter, or is it expected to rise further?
Don't be in a hurry to get back in. The market needs several days of strong performance to signal that the downturn might be over; It's a time to be largely, if not entirely, in cash
I could use a lottery win or a sudden pump from one of my holdings. My trading skills are inadequate.
I feel that one. SOFI, TSLA NVDA, I also included MSFT and ServiceNow, as well as some energy plays like WFRD stock.
Its unclear which stocks and sectors will continue driving the uptrend. Stay away from the stock market if you do not have guidance from a plannner and investment strategist. My finances have been in order since I got a wealth planner like Monica with large following working for me.
Who is this Monica you speak about? I have been searching for an advisor who can direct us on where the economy is headed new year.
I noticed no matter the race and ethnicity we all as investors share a likeness, we all want the highest possible profit with the littlest risk possible, I’m aware there aren’t really shortcuts, however I’m curious about smarter and more rewarding approaches.
Yes a lot of persons and professionals have noted getting profitable on the market calls for consistency and continuous study, meaning a lifelong learner, you’re right no really shortcuts but careful analysis always.
One wouldn’t got about an exam without a tutor,m while treat the fin market especially one so broad like a game of luck, I work with a CFA, in a span of eleven months, I’ve seen my returns top half a million, I really wish I got with him much earlier.
This some interesting figures ma’am, can you pls say a little more on your adviser?
One cannot deny the need for certified expertise especially with the market being the way it is, good to see investors still profiting.
Very well, I’d say Kevin Mikan, Top Notch.
I've been exploring different trading strategies lately, but none seem to provide consistent results. Any suggestions on the most effective approach?
I can relate. Finding a reliable strategy can be challenging.
Have you considered diversifying your trading portfolio across various markets?
I've diversified, but I'm still experiencing losses.
I faced similar issues …. DESIREE RUTH HOFFMAN is the guide you're looking for. Her expertise in financial planning can help navigate through the complexities.
@@LeahLewis-ny9iu How did DESIREE RUTH HOFFMAN help you?
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $295k to $950k.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Her name is ‘Michele Katherine Singh’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
I’ve had majority of my holdings in tech stocks and I've done pretty well, especially with Apple’s P/E (price to earnings ratio) but with much uncertainty now, my question is what stocks can be the next APPL in terms of growth for the next decade?
it may be difficult finding the next apple within the tech stock sector, maybe look outside of tech stocks
nvidia is changing the game but perhaps, you should consider financial advisory
I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio has 5X in barely 5 years, summing up nearly $1m as of today.
@@sebastiannunez8091 truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor... mind sharing info of this person guiding you please?
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor... mind sharing info of this person guiding you please?
As a working-class citizen who is trying to have a stable finance, I’ve always been an advocate of trading because it has been quite lucrative since I found a way to beat the market.
You can’t overlook the fact that it’s paramount not to get greedy but to remain invested through careful study, if not you can lose it all.
I had the intent of trading until a colleague advised me against it talking about the dangers of the market. How are you doing it, Pam?
I used to be frightened to take risks that were a little “safe”, but you know with the market, it's low risk, low returns. But with Jonas Herman’s dynamic approach using risk management, I've recorded tremendous growth in roi.
@@Pambegay While it may sound enticing, it is important to understand that stocks, like a fine wine or a Monet, has no standardized value. You look all good on the outside, while you wait till almost death to enjoy your wealth which presents an enormous economic(uncertainty) risk.
Over the years, I've been part of numerous trading programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 20k in last month 2024..
Inspiring! Can you please give me some tips on how to invest in a healthy way like you are doing now?
It’s advisable you to stop trading by yourself if you keep losing. I didn't trade alone anymore, I always needed help and assistance.
Bitcoin has been rising for a while and could rise again. The truth is that no one knows, I think this is the right time to buy and also get a professional assistant
Yes!! That's exactly who she is, Wendy Lee Olson. Many people have said a lot of good things about it and I am just starting out with it from Australia 🇦🇺
For me with insights from Wendy Lee Olson. I prefer investing in large-cap companies that generate a lot each month, have encouraging cash flows and strong balance sheets.
Hey there, I have been trading for about 6 months now and just about every trade slaps me in my face. Nearly impossible for me to catch more than a few points . I try to do top down analysis and MTF analysis, but it doesn't work for me . I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take(I know, it sounds stupid but I was desperate) and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?
Your problem could be that your stop loss is way too close or you're watching your trades too much. Place it and walk away. Or you could just give up, trading isn't for everyone.
Don't let them discourage you, don't give up. Trading takes years to master, even the pros learn everday. Never the less, if you lose money no matter which side you take, maybe you need to look at how you are managing active trades rather than how you are entering them, moving stops to BE may help. My advice, find a mentor . And also, try incorporating the use of oscillators or rsi into your strategy to make your entries better and prevent overtrading. And most importantly move to higher TFs(4h or 1D preferably), you'll thank me later .
You're right, I don't lose money every single trade, but my main problem is trying to let my runners run. Very rarely do I catch big moves . Instead they go a few pips in my direction, then go against me if when I try holding them. Also my entries could use a lot of improvement. A mentor would be amazing, but getting one is easier said than done. If it's not too much, does any come to mind?
I think the most important thing you should know is staying away from the lower TF. Also, it's important to keep an eye on the environment too, ie DXY if it isn't doing too well or is a bit choppy, chances are dollar denominated pairs are in for a ride too. In this case, it's probably better to get in and out of your positions quicker.
Also, I understand how tough it is to find a mentor because most institutional traders do not take retail traders seriously. The best advise is to get a mentor who has a PAMM account so they trade for you while you learn.
I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,,
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Investing in crypto/forex is a good idea,
a good trading system would put you
through many days of success..
She is really a good investment advisor.
I was privileged to attend some of her
seminars. That is how I started my
crypto journey
The very first time we tried, we invested $1000, and after a week, we received $7,500.
That really helped us a lot to pay up our bills
Wow. I'm a bit perplexed seeing her
been mentioned here also didn't know
she has been good to so many people
too this is wonderful, I'm in my fourth
trade with her and it has been super
A lot of good info here crammed into a very short video. No issue with anything that you've suggest here, except for your suggestion of putting 5% in one trade. For very small accounts, there may be no choice, but for larger accounts, conventional wisdom is closer to 2-3%. The biggest mistake new option traders make is always size. They hit on single contract call spread and then bump the next trade up to 20 contracts. Size is key on trading.
I have been trading the SPY in the past 2 weeks. I been making 10 to 20% per scalp.
Great job since Jan I have averaged 6% daily
@@aat3tville181 that's awesome. You're making money daily.
Could you share any tips?
What's terrible about the put credit spread scenario is that if you lose, you lose everything since there's no way you could sell the long put and put up the cash collateral for that many shares of SPY.
If you're trading with a small or medium portfolio I think it's better to trade cheaper yet safe stocks. They may not be as safe as SPY, but you can at least afford to buy the stocks if your put gets assigned.
How do you lose everything? Do rollover. Also how did you lost everything since you are already collecting at least 50% what you have invested. It does not make any sense.
You technically don't lose everything because you will get the initial proceeds from the trade, but what he is saying is that you won't have any shares to sell calls on in this scenario. I think that's what he is saying.
Totally agree. Yes, there's a credit aspect, but the amount that's in jeopardy is the max loss. If a trade goes south, you'll lose the maximum. As far as rolling it over, that's the biggest joke there is. Essentially, you close your losing position and buy a new position on the same trade with more money. Quite stupid if you ask me.
Hey. Love the content. Two questions: 1) What are your profit taking and exit rules for weekly spy bull put spreads? 2) could you make a video about hedging your stocks and/or strategies?
I m try this w XSP the No assignment risk & I like the cash settle concept it helps instead of hustling at the close if your strikes are breached just a little .Do you agree Senator Henry?
For the put credit spread, would you let it expire or close before? I’m trying to figure out that 17 %. Small account trying to grow
Good simple video 👍 Do you think SPY is heading up or down over the next 6-12 months?
Agree and have been using SPY and IWM (more volatile). Spy put spreads on margin is sweetest with minimal capital.
What would you do if SPY goes down ? Like last week. Spy was Volatile. If you would have hung in there you would have been OK. But not knowing the future you would have had to exit for a loss of 20%. Now you could have rolled but in a roll you still lose for that day. Again not knowing the future.
which strategy are you talking about? He is covering things in a basic level. You may manage positions, if the it turns around you. He doesn't go too much into details. Best way to use Spy I found is doing Diagonal Spread, but he doesn't really cover it well as others.
No one knows the future and there are always risks. The risk with SPY is about at low as you can get. So if you have a put and are assigned and SPY keeps dropping, looks like your holding on for a while because you can’t seek calls for a profit above your cost basis. So you will be a bag holder until it rises again and it eventually will. Just depends on how long you can wait. Rule % 1, don’t trade options with SPY or any stock where you’ll need that money short term and always have money in other places.
Yes, I have been trading SPY options for the past 4 months profitably.
What I like is that, it has a smaller standard deviation compared to individual stocks. Individual stocks can be very highly volatile which can mean without a clear trading strategy you can make and or lose a lot of money
How does this trading stuff work? I'm really interested but I just don't know how it go about it. I heard people really make it huge trading
seek professionals support not some very cool and semi-knowledgeable guy on RUclips. Personally, I gather information on RUclips but verify with Stacey Macken . If it doesn't align with her report, I avoid getting involved. This way i've been able to save a lot of money while making a lot of money..
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week....
I made a lot from last week, a vision of the effective signals alone assured me of the turnovers. all thanks to Stacey Macken
Her insights and strategies have been helpful to most of us. Remember, success in trading and investing takes time and effort, but with dedication and discipline, it is achievable
Stacey Macken is ahead of the curve, many have not realized this yet.!
3:44 consistent daily income strategy? is there a course on this for the beginner who doesn't understand greeks and has never traded options? I just want to buy calls & puts.
Do these strategies also apply to futures options?
Thank you Henry! I watch all your stuff.
When you say 1% up or down are we considering pre market movement or after 9:30?
I think after 10am
Thank you Henry Your the man!!!
It would really help to see a video showing you close these out after you buy.
Agree
hi Henry, what do you think about selling options on Leveraged ETF like SPXL (tracking 3X SPX changes/returns) ? The volatility is higher, much more premiums.
Love these videos, henry is the man
Hi Henry do you have a video explaining in how to “sell single put” on Webull?
"we're at the half way mark of 2024 and up about 5%, so logically it can go up about another 5%"... Except the market has alrdy gone up 8% right now if you look at YTD % return for SPY
Hi Henry, great video, thanks a lot!!!
abit confused but you mentioned your account is instantly credited...but if the contract is say 30days and u can't sell or buy it until that amount is reached 100% right?
say if it's $50credited with 30dte then say the next day u couldn't just sell/buyout cos then it hasn't matured the full $50 ....or did I misunderstand?
Great content..enjoyed very much
What's your breakdown of small, medium, and large account sizes?
try to clear up my question...
do u need the $50 to full mature? cos ppl keep saying they are happy with 50% gains...does this mean they only sit until they make $25 of the $50 then bail and sell/buyout early b4 30dte??
so basically u don't get instantly credited but it gets to grow to $50 over that 30dte??
cos I thought it was you are credited $50 and over the 30dte you earn gains as your trade is going your way?? so infact u make extra in those 30days ontop of your premium? ...which is it???
Outstanding video. You are the goat.
good Advice, thanks
Thanks again Henry I have a question about delta spy your previous youtube spy delta was 0.16. Now in this video you said 0.23 delta sounds like pretty big change. Is there reason for. Thanks 😊
Delta will always change based on the strike price you choose!
Thank you🔥🔥🔥🔥
VERY CONFUSED!! Do you have a class that goes into more detail. I’m a newbie
Henry - thanks for hitting us with fire.
Ty
GOLDMINE!!!!!!! I'll try the smaller accout strategy! thank you so much~ bookmarking to rewatch for the spreads~
Henry, this was incredibly helpful. Chances are the staff market will go up. We are in an election year 2025 now that’s a different story.
Why use Robinhood to sell options when they don’t offer interest on your collateral?
XDTE is a zero day option S&P 500
ETF and there QDTE
I wish I could take your course but I'll have to pay double because the currency exchange. Unless you live in the states
Thanks beast
My fav video so far
Same
great video❤
I sell call options via ETF called SPYI
Just buy that
AI stocks will dominate 2024 but not just AI. NVIDIA, Alphabet, Tesla are at a better placed to maintain long term growth potential, and provide a platform for other AI companies. I have made more than 200% ROI from NVIDIA with the help of my stocks advisor. With the help of my advisor I agree that stock Like Twoo would also go higher in the next year and a bit high this year with the announcement of launch of its video game.
This is Interesting because i bought NVIDIA around September last year. The company is selling shovels in a gold rush. It accounted for almost 80% of my market return last year, and I'm sure this year will present other interesting stocks.
When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health (AMD) alongside coins, and gold. I'm also working on an investment plan that includes AI looking into Nvidia, MSFT, Alphabet stocks among others with my Fin. Advisor, It's been a year and half of steady growth.
@@Markjohnson09 I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Breton Dollard ” for about five years now, and her performance has been consistently impressive.
@@Markjohnson09 Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Trading options is about trading volatility. And with the SPY and QQQ’s you ignore gamma exposure at your peril. It works until it doesn’t. Scaling this will be very difficult and one mistake can wipe out your profits from weeks of trading.
Can you do a video about call sell assignments?
You could also do the poor man covered call
I need guidance
Nice!
Robinhood says I’m not eligible for level 3 trading account any solution…….
I’ve traded SPY last week and made 3k.
Henry finally got a legit corner room set up ❤
looks like a greenscreen
Thanks :)
2:55 damn two million dollars
why not futures instead?
In Europe we cannot trade SPY, but we can trade option on SPY.... My question is, what if we get assigned?
of course we can my friend. Just open an interactive brokers account and voila
To sell 19 put contract for SPY wouldn’t you need to have money on the account in case you get assigned 19*100 shares of Spy * $507?
Yes
Making 17%, but what's your expected value?
buys so many spy contracts shouldn't you buy spx ?
My problem with your "play" is that you don't consider broad market movement when you are presenting on RUclips. Put Credit Spead is cheap but if market goes below your target price, you lose all. How can you tell PSY will hold current value a week later without doing any technical analysis or any analysis at all? Sure you can roll down Put Credit Spread but it will require more collateral.
I do it with daily expirations.
@@albertodeulofeu5277 Yeah. That's one way to avoid longer term volatility but earning is less.
😊
This is why I only listen to Henry!
Arent you still risking 50k on a put credit spread if assigned not $250?
5 USD volatiity change for SPY is nothing, I ve tried many times and lost money when SPY dropped almost 15 USD a weak, so this strategy doesnot always guarantee profits. My margin of safety was 10 USD per stock, however the stock dropped against me, and yes, it was in red at the end of the day
Yes, a 17% return in seven days is great but if you lose 100% of your trade (200$) every once in a while it will not be profitable in the long term. The reason is expiration is so short that you have no time to adjust the position it starts to move in the wrong direction.
You need 100 shares or the collateral or margin to do any options play. So unless you have $50,000 in the account or the shares your not able to use these strategies.
There's assingment risk with SPY and QQQ. Trading 0 DTE on SPX is better.
Right, that cause SPX is cash settled!
Any good video on that?
SPY - IS GREAT - Also mens PUKE in Swedish....just so you know.
Selling naked puts is high risk if you have no money to start
Don't get too excited about this video
Fidelity does not allow for zero DTE trading… Is there a concept like the 1% by 10 o’clock concept that you might employ for two days… Perhaps a little bit more Out of the money
You just sell puts in a bullish market and buy a call to protect yourself
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Patricia Annie Brooks.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
You trade with Annie Brooks too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I 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
🤑
Or go with SPX instead of SPY. No risk of early assignment.
Iron condor is not available for everyone 😅
Anytime you buy an option, even if it's a spread, 100% of your capital is at risk. If you're just looking for income, keep this in mind because it's very risky.
Have you considered trading SPX instead of SPY?
You made $780 with 20 contracts of 43k. That’s a really bad return you can just swing trade and make more with that kind of money.
You only trade options with 5% of your portfolio SPY? that’s what you said?
CAN YOU DO a video on how to get Level 3 trading on Robinhood.
You just lie about your experience. Simple as that.
There are videos on this already, all over. Google it
i opened a robinhood account the 1st week of april. i deposited 400. answered all the questions- 50k savings, 50k/year salary, high risk tolerance, a lot of trading experience. 3 clicks later it announced i had level 3 options
@@stinkfinger8700 it's pick and choose i believe. Not consistent. I have 3 accounts. My main one I used my credentials. I make $105k/yr in sales, over 100k investment money, 75k in savings, high risk tolerance n didn't get it. For my son's account was....it was nowhere near it and I have level 3 on it. I was left bamboozled
My level 3 option was locked also because I said no experience option when I opened account. You could email robinhood to ask them to unlock level 3 options and they will ask you why. You can say hey I wanna play "put credit spread". Then they will call you to verify if you really know how to play it. They asked me how I choose the strike price for that 2 legs, what happen if stock price goes up or down, ...
SPY is already up 10% half way thru the year...
SPY and QQQ options are the easiest money I ever made.
Sure, if you have $2M this strategy will make you reliable 5% a year. But then again, 3 month t-bill will bring slightly more with less risk and less taxes... Leaps on SPY? good luck.
SPY DROPPED 1% AFTER 10AM TODAY😂😂😂
With that example that’s only 1.5% per month for doing over 20 trades!!! That’s a lot of work for 1.5%.
bro that is $35 for 50k investment trading each day thar is .1 percent wtf
Geeze there are so many bots spamming. It's ridiculous. People do not fall for these bots
With the spread in case of loss it will be 6x+ of max profit. Selling 25 delta put gives you a probability of winning of about 75%. This trade is a big loser over time. Or Henry has some kind of risk management system or entry rules that he doesn't talk about. About selling 0DTE - in case SPY does drop 1%+ and you get assigned and it continues down in following days, you'll have around $500K of capital tied up in the trade (if you sell 10 contracts with no margin). You'll be selling covered calls after, yes, but only God know for how long you'll be stuck with this position. Curious if this comment will stay or Henry removes it :)
DAMN ...19 puts @$502 is $953,800 of cash reserves.
No, it's not.
@@ryanwilliams8292 hm. So how much is it?
@@ryanwilliams8292 wdym, yes it is. 502*1900 is 935800
$9,5380
Strike price @ $502.
1 contract is 100 shares.
$502 x 100 shares = $50200/contract.
$50200 x 19 contract = $953,800
Thx Henry for the fresh content. We're out here Ballin' like Bill
Switch to micro S&P futures and ditch SPY
Odte options?
@@HawaiianSkies I don’t think the juice is worth the squeeze but they’re there. If I did 0dte I’d do SPX
It's been dumping and pumping in this range for ages! It's technically just going sideways, sideways means generally stagnant. More emphasis should be put into day trading, as it less affected by the unpredictable nature of the market. Trading has been going smooth for me as I managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...