@@niccoacu well i was confused. I understood ATR on the bigger timeframes but was trying to implement it on the Day trades but it seems that is the wrong thing to do. Im struggling to work out how to do a quick stop loss on scalping trades. For example today purchased an Amazon 146 strike call at 4.70 - What would you have as a stop loss.? I worked it out at 20% so 4.70 x .80 = 3.76. So that meaning i would pull out if this contract price dipped 20%. I was then just reading how i would implement an ATR stop on this. But you need to work out stop losses QUICK on day trade/scalps (5min-15min-1hour frames) Is that wrong or right?
how odd i was just reading about ATR right now regarding stop losses. Thanks !
For which time frame?
@@niccoacu well i was confused. I understood ATR on the bigger timeframes but was trying to implement it on the Day trades but it seems that is the wrong thing to do. Im struggling to work out how to do a quick stop loss on scalping trades.
For example today purchased an Amazon 146 strike call at 4.70 - What would you have as a stop loss.? I worked it out at 20% so 4.70 x .80 = 3.76. So that meaning i would pull out if this contract price dipped 20%. I was then just reading how i would implement an ATR stop on this. But you need to work out stop losses QUICK on day trade/scalps (5min-15min-1hour frames)
Is that wrong or right?
Your video good explanation gives more details thanks
Thank you! I'm glad I'm able to help.
Top G ⚡️⚡️⚡️
Thank you Jeremiah!
Awesome video bro!
Thank you, I appreciate it!
It is not clear why using ATR at lower time frame may not be a good idea as you mentioned at the end. Would you please explain more. Thanks.
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Yes! 🙌
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