This is awesome. It really speaks to the complexity and artistry of trading that you just made $5 million in one trade and you are earnestly seeking to find all the things you did wrong. It’s amazing, you are the greatest trader that I have ever seen or heard of and it is because you are always seeking to understand how you can be better. Thank you
I have been in his class since March and been losing money following his trades. His strategy is have many students and front running them. Meaning he'll tell you he is in position after he gets in.
Very happy for you and your family John. Very proud of you as always!. You teach people whole heartedly everything you learnt in the last 30+ years (big fan of your book too). Very hard to see someone like you in this trading world. You are my "Guru" and to many of my friends. You are getting the financial freedom for many people like us. I am with you from Jan 2020. Learnt lot through Golden Options room from you and your team. I was missing 20% of my trading for more than 15 years, 16th year you fulfilled all my wishes. I am a big fan of your Small Mastery Account (SMA) and introduced SMA to lot of my friends and all are making money with you now. I was really sad to hear about your horse on that day. Hope you all feel better now. My friends and I want to meet you in person and get your blessings. Hope our wish will come true soon. May GOD bless you, your family and your team to have a healthy, peaceful and long life!. With great respect and love - Chocks.
Congratulations on your GOOGL trade John! In my opinion that trade would have been a winner even if it lost money... You followed your trading plan and stuck with the trade while the setup was still valid. In other words you followed the process and let the results happen.
John, really appreciated this video. I followed you, did the first 2 trades, and held on, had exact same feelings that you experienced. I am really happy that we got out the trades victoriously.
Thank John I love it, one of the best things I have done for my self is buy your book and both your small account course and Daniel stacked profits , It has made my trading and I haven picks some of my own winners, Hope to do this full time some day and leave my 20 year IT career in the Dust keep up the great work.
Nice one, holding something like this is really challenging and only experienced traders can do it. There are so many times when I exited the trade because of emotions even setup was valid. Battle with emotions is key and it comes with experience, not reading the books.
there is one thing that John does that most people don't have, risk management. He also has diamond hands due to his experience. PS Sorry for your loss. Cheers
Thanks for showing and explaining your learnings on this trade. This case study helps me feel more confident when entering a trade based on the setup validity. Success leaves clues!
Amazing... Thank you for sharing I would love to learn Options, I am learning the markets now trading equities but I think options is a lot more exiting what beginners options class you recommend from you? Thank you
Thank you for breaking down your winning trade! What would you have done if the trade had gone against you? Do you have stop losses on your position say at below -1 ATR?
He only posts the trades that may have worked. Why else he feverishly advertise his expenses services for $1000 of dollars by a network of pretty women? Very phony!
@@jamespeters6154 You can find out his trading P&L. Other people have done it and he seems to be legitimate. Although he probably makes more money selling his course and materials. Where are the pretty women?
Persistence, desire, passion are half the battle. Keep seeking quality trading education, learn from your trading mistakes and never give up! Seek and you shall find my friend.
another question, do you go, and make the trade also by looking at the greaks on the options? if so, do you base on that call or put by delta or Theta?
He bases it on the TTM squeeze he created you can find it on thinkorswim. When the Bollinger bands contract within the Keltner channels it builds up energy in the stock, and when the moving averages are stacked positive it usually squeezes upward. When he is deciding which options to buy he usually will buy the 70 Delta calls and if they are really expensive he will turn them into debit spreads. As far as deciding which puts to sell just sell them out of the money. Somewhere Between 20 and 40 delta.
AT&T completed triangle on DAILY chart and now retracing the first 5 wave impulse down (see 15/30m tf). completes wave2 of the larger degree sometime next week so can look for a super tight stop for massive r/r. just a heads up on an upcoming big setup for anyone that appreciates elliot wave. risky to short in this bull market, but i think its worth considering if you can find the super tight stop next week.
kinda new to options. could you clarify this for me..you bought credit spreads (calls) and secure credit spread (puts) right..so you never had the actual shares on your accounts..
No he never owned shares, just the options. He bought call debit spreads and sold put credit spreads. Both of them are directionally the same. The put credit spreads that he sold are theta positive and the call debit spreads that he bought are theta negative. So the put credit spreads offset the time decay. Call debit spreads are better directional performers but if the trade moves sideways the put credit spreads will mitigate the damage. This is the best way to trade. I still put on spreads that are directionally opposed (condors, butterflies, straddles,strangles) to mitigate theta and capital required but the way John is trading here is much more efficient, and I trade this way as often as I can.
@@Annie-fg2jr wow thanks so much for the info!! just started getting into options and been trading singles..will try this setup on monday..looks like this strategy is much more safer than anything else,and CHEAPER!.
super interesting, thanks John. Would be great if you explained your ROI as a %, not $ so viewers can understand the profit in context. Also good to understand risk management more, but it's interesting to see that you didn't close out all trades at -5% as you often suggest, assuming because you still believed in the setup and were patient it would work out. Appreciate the walk-through & psych analysis!
You win over Simons Phd team. Many times over. Now I have hopes witout PhD from Berkley and MIT. You should start a John Carter Fund. I am the first one send you my poorly performed money market fund.
Pretty great. But I saw you had about four hundred options. For a 12 k profit per option. It would be great to put it in perspective for the average trader. Good stuff and your program is really good compared to the others out there. Been away for a while but coming back soon
So for smaller accounts, you could use strategies with smaller risk. For example, in the small account mastery, we sold put credit spreads on GOOGL for $220 per contract and bought them back at $50 per contract, netting $170 per contract. Put credit spreads are great for smaller accounts, and you can also do smaller width call debit spreads.
While JC is really good in his conviction he doesnt clearly explain in detail which strike prices to take the debit or credit spreads and why. But overall a great fan of JC. I wish I could make the same money as him,
I saw all of his posts and alerts live, but couldn’t take the trades in my own account due to cost. Everything he says here about his alerts etc, is 100% true. He’s legit! 😊
You can find his courses here www.simplertrading.com/courses/ or reach out to the support team (support@simplertrading.com) and they can help you find the service that works best for you!
Here's what you need teach how you enter a big trade that allows you to turn it into a long-term hold situation that is where the skill is when I set up a big trade I don't have the ability to hold it longer than I planned do the expiration dates, if you make a video of this reply would you please comment here so I can watch it. And I'm not talkin mental lies how you're able to hold it I'm talking about how you have the time in your spreads and whatnot
That's some steel ones right there.. Should the spike have happened to the downside instead, or significant pullback while within risk tolerance, gapping/drifting, what would have been your risk mgmt? Cut loss @ knees, delta hedge & stay in trade managing Net Liq?
The stress he's talking about is beyond belief. I was up $500k shorting the Euro within 24 hours back in 2006, I stayed up for 40 hours straight watching it...Sure enough it bounced and i watched my profit evaporate and turn into a $150k loss. Gut wrenching stuff.
as usual JC (n all other people) likes to brag about millions profit yet purposely hide %P/L so here i do the calc, original trade is just so-so 85%, the double down on loser with ocean deep OTM call=gambling, made 260% 405%. anyone who did this gambling trade more often comes out as loser but of course unpublished :-)
![YoungBoy Never Broke Again - Sneaking [Official Video]](http://i.ytimg.com/vi/1ILUps2zDFU/mqdefault.jpg)
This is awesome. It really speaks to the complexity and artistry of trading that you just made $5 million in one trade and you are earnestly seeking to find all the things you did wrong. It’s amazing, you are the greatest trader that I have ever seen or heard of and it is because you are always seeking to understand how you can be better. Thank you
Who the hell hit “dislike”? This is pure GOLD.
I have been in his class since March and been losing money following his trades. His strategy is have many students and front running them. Meaning he'll tell you he is in position after he gets in.
Very happy for you and your family John. Very proud of you as always!. You teach people whole heartedly everything you learnt in the last 30+ years (big fan of your book too). Very hard to see someone like you in this trading world. You are my "Guru" and to many of my friends. You are getting the financial freedom for many people like us. I am with you from Jan 2020. Learnt lot through Golden Options room from you and your team. I was missing 20% of my trading for more than 15 years, 16th year you fulfilled all my wishes. I am a big fan of your Small Mastery Account (SMA) and introduced SMA to lot of my friends and all are making money with you now. I was really sad to hear about your horse on that day. Hope you all feel better now. My friends and I want to meet you in person and get your blessings. Hope our wish will come true soon. May GOD bless you, your family and your team to have a healthy, peaceful and long life!. With great respect and love - Chocks.
Congratulations on your GOOGL trade John! In my opinion that trade would have been a winner even if it lost money... You followed your trading plan and stuck with the trade while the setup was still valid. In other words you followed the process and let the results happen.
John, really appreciated this video. I followed you, did the first 2 trades, and held on, had exact same feelings that you experienced. I am really happy that we got out the trades victoriously.
Amazing stuff, JC 🐐 keep raising the bar!
Thank John I love it, one of the best things I have done for my self is buy your book and both your small account course and Daniel stacked profits , It has made my trading and I haven picks some of my own winners, Hope to do this full time some day and leave my 20 year IT career in the Dust keep up the great work.
I'm so sorry about your horse..so sad..............what an emotional trade--.so happy it worked for you
Nice one, holding something like this is really challenging and only experienced traders can do it. There are so many times when I exited the trade because of emotions even setup was valid. Battle with emotions is key and it comes with experience, not reading the books.
Just analyzed those trades. Wow. Bullish AF lol. Love watching/learning from you. Thank you for the content your putting out. Helping immensely 🙏
there is one thing that John does that most people don't have, risk management. He also has diamond hands due to his experience.
PS
Sorry for your loss.
Cheers
So what risk management strategy does he use here?
@@ricomajestic None, other than not risking more than 20% of his account...
Good lesson in patience...........We want to see more of John !
Thank you for stepping in and showing us leadership. We appreciate you, friend!
This guy is my favorite trader
Awesome trade! Thanks for sharing!
Congrats, John. That's the way to go.
Thanks for showing and explaining your learnings on this trade. This case study helps me feel more confident when entering a trade based on the setup validity. Success leaves clues!
Amazing... Thank you for sharing I would love to learn Options, I am learning the markets now trading equities but I think options is a lot more exiting what beginners options class you recommend from you? Thank you
Brilliant! Thanks for the breakdown.
RIP Hot Rod.
Thank you for breaking down your winning trade! What would you have done if the trade had gone against you? Do you have stop losses on your position say at below -1 ATR?
He only posts the trades that may have worked. Why else he feverishly advertise his expenses services for $1000 of dollars by a network of pretty women?
Very phony!
@@jamespeters6154 You can find out his trading P&L. Other people have done it and he seems to be legitimate. Although he probably makes more money selling his course and materials. Where are the pretty women?
I want to become a full-time trader more than anything in the world
Never -Ever Give Up!!!!!
Persistence, desire, passion are half the battle. Keep seeking quality trading education, learn from your trading mistakes and never give up! Seek and you shall find my friend.
Thanks for this breakdown! Absolute gold in there. So sorry about Hot Rod.
Google's Supreme Court win was icing on the cake. If it went against google then Google would have tanked. Anyway congrats JC! Awesome 😎👍
Thank you for everything you do John!
another question, do you go, and make the trade also by looking at the greaks on the options? if so, do you base on that call or put by delta or Theta?
He bases it on the TTM squeeze he created you can find it on thinkorswim. When the Bollinger bands contract within the Keltner channels it builds up energy in the stock, and when the moving averages are stacked positive it usually squeezes upward. When he is deciding which options to buy he usually will buy the 70 Delta calls and if they are really expensive he will turn them into debit spreads. As far as deciding which puts to sell just sell them out of the money. Somewhere Between 20 and 40 delta.
Thanks so much John.
AT&T completed triangle on DAILY chart and now retracing the first 5 wave impulse down (see 15/30m tf). completes wave2 of the larger degree sometime next week so can look for a super tight stop for massive r/r. just a heads up on an upcoming big setup for anyone that appreciates elliot wave. risky to short in this bull market, but i think its worth considering if you can find the super tight stop next week.
So the risk was 100ish for reward of 100ish? Is that right?
kinda new to options. could you clarify this for me..you bought credit spreads (calls) and secure credit spread (puts) right..so you never had the actual shares on your accounts..
No he never owned shares, just the options. He bought call debit spreads and sold put credit spreads. Both of them are directionally the same. The put credit spreads that he sold are theta positive and the call debit spreads that he bought are theta negative. So the put credit spreads offset the time decay. Call debit spreads are better directional performers but if the trade moves sideways the put credit spreads will mitigate the damage. This is the best way to trade. I still put on spreads that are directionally opposed (condors, butterflies, straddles,strangles) to mitigate theta and capital required but the way John is trading here is much more efficient, and I trade this way as often as I can.
@@Annie-fg2jr wow thanks so much for the info!! just started getting into options and been trading singles..will try this setup on monday..looks like this strategy is much more safer than anything else,and CHEAPER!.
Good stuff (as always from John)! I'm left with only one question though: @31:20 -> what's the size of John's friend trading account? ;-)
What was your original margin requirement? So, what was your cost basis?
super interesting, thanks John. Would be great if you explained your ROI as a %, not $ so viewers can understand the profit in context. Also good to understand risk management more, but it's interesting to see that you didn't close out all trades at -5% as you often suggest, assuming because you still believed in the setup and were patient it would work out. Appreciate the walk-through & psych analysis!
Almost identical to my 2012 AAPL experience. Gut wrenching...
John, with all of the ups and downs, tell us when the TTM Squeeze played a role.
Is there a mistake at 05:55 "Ideas for smaller accounts BOT +1 vertical 2200/2215?" Shouldn't it be 2100/2115?
You win over Simons Phd team. Many times over. Now I have hopes witout PhD from Berkley and MIT.
You should start a John Carter Fund. I am the first one send you my poorly performed money market fund.
You are truly an inspiring trader!
Thanks JC!
I thank God for show me the thing I can see and people like u all
Very nice and extremely informative walkthrough of the trade. Thank you 🙏
Yes, Indeed!
Pretty great. But I saw you had about four hundred options. For a 12 k profit per option. It would be great to put it in perspective for the average trader. Good stuff and your program is really good compared to the others out there. Been away for a while but coming back soon
So for smaller accounts, you could use strategies with smaller risk. For example, in the small account mastery, we sold put credit spreads on GOOGL for $220 per contract and bought them back at $50 per contract, netting $170 per contract. Put credit spreads are great for smaller accounts, and you can also do smaller width call debit spreads.
Amazing trade, perfect teaching, congratulations...
Did u announce the trade in the chat room ?
Yes, he did. All of them. Saw them myself. 😊
While JC is really good in his conviction he doesnt clearly explain in detail which strike prices to take the debit or credit spreads and why. But overall a great fan of JC. I wish I could make the same money as him,
Nooice
Would love to hear from any of your members who followed you in this trade.
I saw all of his posts and alerts live, but couldn’t take the trades in my own account due to cost. Everything he says here about his alerts etc, is 100% true. He’s legit! 😊
@@iralell I never doubted John's veracity. I've been following him for years. That's not what I asked.
Alright ! Time to help the the little guy!
Want to know more about your small account services.
You can find his courses here www.simplertrading.com/courses/ or reach out to the support team (support@simplertrading.com) and they can help you find the service that works best for you!
so much psychology in this trade phew
Here's what you need teach how you enter a big trade that allows you to turn it into a long-term hold situation that is where the skill is when I set up a big trade I don't have the ability to hold it longer than I planned do the expiration dates, if you make a video of this reply would you please comment here so I can watch it. And I'm not talkin mental lies how you're able to hold it I'm talking about how you have the time in your spreads and whatnot
watching this guy talk about his account and horses while im sitting on 3,500$ to my name and 60k in debt.
That's some steel ones right there..
Should the spike have happened to the downside instead, or significant pullback while within risk tolerance, gapping/drifting, what would have been your risk mgmt? Cut loss @ knees, delta hedge & stay in trade managing Net Liq?
So sorry for the loss of Hot Rod
GME MEME gang " I like the Stock" ..... JC "I like the Setup!"
The stress he's talking about is beyond belief. I was up $500k shorting the Euro within 24 hours back in 2006, I stayed up for 40 hours straight watching it...Sure enough it bounced and i watched my profit evaporate and turn into a $150k loss. Gut wrenching stuff.
What would be wonderful if one of your STUDENTS had a 5 MILLION DOLLAR DAY
I'm his student in the small account mastery. He has been losing money since March to now.
Sorry for your Horse John
53%
Wow this dude really bet the house on this trade 😬
6.600
Now show us your students that are succeeding too.
First comment and first like
as usual JC (n all other people) likes to brag about millions profit yet purposely hide %P/L so here i do the calc, original trade is just so-so 85%, the double down on loser with ocean deep OTM call=gambling, made 260% 405%. anyone who did this gambling trade more often comes out as loser but of course unpublished :-)
I suppose its like if you decide to chase a pretty girl or an ugly girl lol. It's an art. :)
Meaning you bet the farm,.......
If you get to the target punch out.. Hogs get slaughtered pigs get fat.
Miller Laura Anderson Carol Miller Linda
I did a trial with the trading room service. Not impressed - way too much noise.