Jeremy i don't know whether one will earn money or not from ur lessons but one thing is sure, that he will get an excellent knowledge and I'm one of those. THANK YOU from the deep core of my heart..
Great Video! I'm digging this series, learning a ton. That's my new goal, to learn enough and become good enough to get into your Professional Trading Hedge Fund! Just starting out, but I will get there. Who says you cant teach an old dog new tricks LOL Thx again!
Hello Jeremy, first off,thank you for sharing. Came across your work just recently and really enjoy your teaching. Been trading for about 2 years now but no real plan. Not afraid to admit it. Now ready to take it to a new level. Have dear friends in Hendersonville we are planning to visit soon and would love to meet you if you are near there. Regardless, I will be studying your videos and creating my own trading plan. I primarily trade options so will most likely be focusing on credit/debit spreads and condors. Thank You again !!
AgMONSTER Hey!!! Thanks for reaching out! Of course. Email me your travel and or trading plans ~ haha ~ jerremy@reallifetrading.com and we could totally connect. That would be a blast!
May I ask a question? Have you ever had a market stop loss not trigger? Great channel my friend the best trade training resource i've ever found. Thank you so much!
1:21:30 just explained to me in just about "Stevie Wonder" terminology (even he could see it) why a stop-limit entry is used just above an MSR confirmation candle. Because it automates the trade, and avoids a limit-buy fill if the stock is moving the wrong way.
Yes and no. As mentioned in the video, there are other ways to trade OPM (other peoples money) in order to access additional funds. Otherwise, you are correct. With a margin account, if you have less than 25k, you have to be careful how not getting flagged as a pattern day trader AND OR having the ability to short a stock anyway is very difficult.
Newsome- there are two things limiting slippage- with some brokers/platforms you can set a market order with .05 limits on either side of the current price (at the time you hit the order) putting your order within a .10 spread and others, actually trade in dark pools, where larger amounts of order flow change hands outside of the open exchange. I have traded in a fund that did this and got filled on all orders completely and immediately unless the borrows were unavailable or I happened to catch the low or high to a single tick and volume just simply wasn't there.
Little did I know that at the end you'd be suggesting the fund I traded in. Kunal is amazing and his fund is the absolute best platform for anyone with little capital.
You are 100% correct. It was just a tad beyond the scope of material I wanted to dive into during this session. :-) You are THE MAN. Thanks for the info. I hope you CRUSHED it today.
Hey Jerremy! I was wondering if you still have a partnership with the hedge fund that offers the allocated funds? Thank you so much for everything you do!
Hi Jerremy, thanks for all the great info! you mention using weekly options on your netflix trade in this video. How do you set up your trades in the broker software for these trades? you can't use regular limit orders right? do you use conditional orders? thanks!
Hi jerremy, thanks for your reply! I assume you would place a stop limit order to trigger at a certain stock price, not a certain options price. Am i correct? So you would always need to add some contingency factor in your order to trigger the options order at your designated stockprice, or am i missing something?
I bought BABA Before there last report and have a average cost base of $119.63. I woke up this morning pretty happy. And Today I sold half of my position at $140.89. My other stocks right now are MOMO, CC and DDD.
Okay now your talking about NVDA. I had them too, and did great. Incredible company. My average cost on them was about $100.50, sold first at $121 and finished at $128 I ended up 60% of the portfolio in because I made a mistake and bought to early and it caused me to keep adding to lower cost base, something I normally would not do. But with NVDA I figured it was worth the risk. Now I am the same in MOMO Because of the same mistake too, but I'm thinking that i will get the same result as NVDA. I'm on a very good quarter, 20% over all in the portfolio now and if I get lucky with MOMO, who noes.
Richard Soto thank you sir. Very kind of you to say so. ~ That can vastly depend on your strategy. :) For day trading, factoring in buying power issues, margin and slippage, about 50-70k minimum in my opinion
Hey Jeremy, It's a great webinar and found great insights into intraday trading. I am from India and trade in indian stocks, we don't have premarket session like the one you have shown. In that case how can I draw the S&R lines. Do I need to use previous day's chart for that. As a matter of fact our stocks won't gap up this much but they happen. Could you please confirm how to trade if we don't have pre market data at all.
@@RealLifeTrading Thanks and then I will use 5 min candles and wait for the breakout and entry on retest. For breakouts do I need to consider the today's 5 minute candles S&R or the one's I drawn based on 4 to 6 days 15 min S&R. From your videos,I think I have to consider today's 5 mins candle breakout and 4 to 6 days S&R to confirm the gap.please confirm whether am doing right. Sorry for bothering you, these videos are a great help.
navyath reddy Exactly. And for breakouts, use both the present support / resistance along with the past ones (if they are coming into contact with them)
One more question for you. Do you worry about trend lines (from flag, pennant, consolidation patterns)? After watching a few trades fail prior to my expected TGT, I noticed that in many cases, that the trend lines are respected, providing another area for resistance or possible failure. Going back to BABA the same day, you will notice that it traded up relatively slow. Although it had gapped up, there was an overarching trend line that it kept bouncing off of, it basically rode this line up where it finally reached TGT price for the day. Too paranoid or what? Once again thanks for the video. I see what you mean regarding the gap n go. There was still some retest. If you look at NVDA on Friday, you'll see that this one had zero retest. Just straight up. I'm wondering if there's a way to predict that behavior based on volume of shorts trapped in the trade from previous days.
hba8103 I don't "worry" about them but I absolutely use them :) But I only have 3 lines max on my chart. Usually 2 horizontal and and maybe 1 trend line.
Real Life Trading only 3. I have hundreds (well a bunch across a 1 yr time frame). They have been helpful, but I think it is because I was using more of a scalping style to trade. I mentioned before I like to see any potential stopping point and had seen things turn suddenly in the middle of nowhere. Could have been a trend, but more than likely S&R. I was looking for a way to automate S&R when I first started trading. I thought I could pick something up on a scanner, evaluate in seconds and get into a trade. WRONG! But, what I did find is that using the maxima (high points) from a price by volume histogram gives extremely accurate (respected) major S&R lines. Helps very much when planning trades. Works with penny stocks, mid caps, large caps, etc. I was surprised at the level of accuracy. Works great in real time when trading above all time highs. Can see resistance forming in real time. Makes sense. More shares traded at a price, means stronger resistance or support. Anyhow, I have been plotting minor and major resistance. Now I can see that I only need to have the major lines. Your mindset of "telling the stock what you want it do" makes 100% sense to me. This opened my eyes....BIG TIME!! I can and have been able to determine what should happen in the near future, yet I have been clearly trading in the present. Can't wait for Monday to jump back into things armed with improved knowledge and mindset. Thanks a bunch for the information. Forgot to mention that I did use knowledge gained from your videos to trade BABA & NVDA on Thursday to make 5R. Awesome!!
"Forgot to mention that I did use knowledge gained from your videos to trade BABA & NVDA on Thursday to make 5R. Awesome!!" THAT'S AMAZING!! KEEP IT UP!!
Assuming the type of gap is determined by the day candle. How can you determine what kind of gap you have if the day candle has not yet formed? In these examples, the candles are all already formed, the day has already passed.
Prodigy Defender That’s 90% of what I do in swing trading. I like bearish day trades because they move faster. And thinking about it psychologically, if the market is moving bullish and a stock gaps down causing people to panic, they will Be even more upset and confused since the general market is bullish and their stock would be bearish. It’s all sentiment right?? And secondly, just a FYI, first name is Jerremy - with 2r’s. ;)
Robert Williams It's ok. They offer 1:6 leverage ~ so you would have to deposit 5k to get the 30k of buying power. Plus they are off shore, not US based. Simply meaning - who knows how secure your money is
On June 14 $ETSY gaped pre-market but the prior daily candle closed red, is that why $ETSY never retested or gave us a clear pull back to enter on June 15?
"I had no slippage" is like listening to my grandmother at the casino.. "I'm up $50... but grandma, how much did you start with? $200? So you now have $50 and you're up $50?? Saying "no slippage" is a psychological mechanism to protect the ego.
Great video! Thank you. I have a question regarding stop losses. I trade weekly options, so the liquidity is no where near the levels of standard stock and use the TOS active trader. There you can see in detail on the ladder where the buyers/sellers are. When things are moving your way, the spreads are tight. As soon as price action stalls or turns red, the spread opens up massively, making it difficult to get out of trades sometimes (at least manually). I have serious concerns about using a stop loss as this turns into a market order. With the huge spreads, a win could easily turn to a loss. Are you able to put in limit stop orders in TOS? If not, are you experiencing a large amount of slippage using a standard stop loss (market) order when trading options?
I don't do limit stops (especially with options) because they can get skipped over. I very often just look at the option pricing chart and determine my option stop based on that. :_ ) Weekly options is a whole other animal. :0)
Real Life Trading so are you exiting with a limit or market order, especially for the stop loss on options? That is my main concern. Things are much easier when the trade is going in your favor. I've had a few big losses due to too much size, a hard head and a nasty spread. Basically, I've been in trades where the option price ticks at .05, I am up way more than 1R, get greedy, have things turn, the buyers drop way down the ladder creating the nasty spread, me feeling that I don't want to take that much of a loss (I was up seconds ago), not taking the loss, then a minute later, wishing I had taken the original loss. Yes, my entry was not that great, but with options and the stop loss, what is the best choice (assuming decent liquidity)? Market (standard stop loss)?? As an example, I traded BABA two days back. Got in at the first Morningstar reversal pattern...so too high. The stock moved lower, the spread on the ITM option opened up big time. I should have stopped out, but the closest bid on LVL II was 2.5R or more in the red. It wanting to take that price, I held. Got lucky of course...saw the next reversal, bought more and had a decent outcome. Pure f'ing luck. It violated several of my rules, let alone the things highlighted in this excellent video. So.....what is the most efficient method for stop loss when day trading options? On the surface, it would seem that anything market would risk huge slippage. I'm basing this on the picture presented by LvL II bids. Thanks for your help bud!!
hba8103 I exit with market orders for stop losses. But I try to avoid getting out with a stop. If the trade doesn't work I'll get out quickly ~ to avoid the slippage )
I always come back to the basics..I can't stop listening to this one "Janitor"...your a true inspiration.
THANK YOU so much for your kind words! You are genuine! :-)
I've learned so much about gaps in these three videos. Thanks Jeremy
WONDERFUL!!! I appreciate the kind reply!! ~ Jerremy
Jeremy i don't know whether one will earn money or not from ur lessons but one thing is sure, that he will get an excellent knowledge and I'm one of those. THANK YOU from the deep core of my heart..
firdous nazir Thanks for the kind words sir! :-) And I can say most assuredly , many people make some solid profits from my lessons. :)
Great Video! I'm digging this series, learning a ton. That's my new goal, to learn enough and become good enough to get into your Professional Trading Hedge Fund! Just starting out, but I will get there. Who says you cant teach an old dog new tricks LOL Thx again!
Keith Gissendaner I love it! Sounds wonderful. Thanks for the message Keith =]
Mind = blown! Amazing class, I learned so much. Thank you!
slepine001 whoooooo
Hello Jeremy, first off,thank you for sharing. Came across your work just recently and really enjoy your teaching. Been trading for about 2 years now but no real plan. Not afraid to admit it. Now ready to take it to a new level. Have dear friends in Hendersonville we are planning to visit soon and would love to meet you if you are near there. Regardless, I will be studying your videos and creating my own trading plan. I primarily trade options so will most likely be focusing on credit/debit spreads and condors. Thank You again !!
AgMONSTER Hey!!! Thanks for reaching out! Of course. Email me your travel and or trading plans ~ haha ~ jerremy@reallifetrading.com and we could totally connect. That would be a blast!
I like your energy, it makes trading fun :)
Thanks man!!
I'm new to this.... but this video tells u so much detail thank I'm watching every watchlist from now on ty
thanks
You Sir... are AWESOME! Thank you so much for the info and the great approach to teaching! :)
YES!!! Thank you so much Dave ~ I truly appreciate that! :-)
Exactly gotta learn how to day trade before trading weekly options !
Thanks for commenting
May I ask a question? Have you ever had a market stop loss not trigger? Great channel my friend the best trade training resource i've ever found. Thank you so much!
No. Not if the stock goes past the stop loss price
@@RealLifeTrading Thanks so much for replying.. be safe! It's a big lock down over the pond.
1:21:30 just explained to me in just about "Stevie Wonder" terminology (even he could see it) why a stop-limit entry is used just above an MSR confirmation candle. Because it automates the trade, and avoids a limit-buy fill if the stock is moving the wrong way.
BAM!!! You got it!!! :)
you can trade through suretrade to bypass the PDT since its based out of the Bahamas
Dakota Girl Yep! You are correct
Do you have a recording where you are doing some trading?
Thanks for commenting
if just buying shares out right, can't sell with small account day trade? probably the best way to go bearish is with option trade?
Yes and no. As mentioned in the video, there are other ways to trade OPM (other peoples money) in order to access additional funds. Otherwise, you are correct. With a margin account, if you have less than 25k, you have to be careful how not getting flagged as a pattern day trader AND OR having the ability to short a stock anyway is very difficult.
Newsome- there are two things limiting slippage- with some brokers/platforms you can set a market order with .05 limits on either side of the current price (at the time you hit the order) putting your order within a .10 spread and others, actually trade in dark pools, where larger amounts of order flow change hands outside of the open exchange. I have traded in a fund that did this and got filled on all orders completely and immediately unless the borrows were unavailable or I happened to catch the low or high to a single tick and volume just simply wasn't there.
Little did I know that at the end you'd be suggesting the fund I traded in. Kunal is amazing and his fund is the absolute best platform for anyone with little capital.
HECK YES!!! I LOVE IT David!!! Thanks man!
You are 100% correct. It was just a tad beyond the scope of material I wanted to dive into during this session. :-) You are THE MAN. Thanks for the info. I hope you CRUSHED it today.
Hey Jerremy! I was wondering if you still have a partnership with the hedge fund that offers the allocated funds?
Thank you so much for everything you do!
No. :(
Hi Jerremy, thanks for all the great info! you mention using weekly options on your netflix trade in this video. How do you set up your trades in the broker software for these trades? you can't use regular limit orders right? do you use conditional orders? thanks!
Erwin Maasbach why can you use limit orders? I use TOS ~ And yes, I certainly use contingency orders along with stop limits :)
Hi jerremy, thanks for your reply! I assume you would place a stop limit order to trigger at a certain stock price, not a certain options price. Am i correct? So you would always need to add some contingency factor in your order to trigger the options order at your designated stockprice, or am i missing something?
Yes sir. That is correct! : )
I bought BABA Before there last report and have a average cost base of $119.63. I woke up this morning pretty happy. And Today I sold half of my position at $140.89. My other stocks right now are MOMO, CC and DDD.
GORGEOUS!!!! I like DDD too. Good holding's Tony. You better do something fun with those profits. ;-)
Okay now your talking about NVDA. I had them too, and did great. Incredible company. My average cost on them was about $100.50, sold first at $121 and finished at $128 I ended up 60% of the portfolio in because I made a mistake and bought to early and it caused me to keep adding to lower cost base, something I normally would not do. But with NVDA I figured it was worth the risk. Now I am the same in MOMO Because of the same mistake too, but I'm thinking that i will get the same result as NVDA. I'm on a very good quarter, 20% over all in the portfolio now and if I get lucky with MOMO, who noes.
Tony Hill Thank you for the update! We look at momo often in the afternoon swing trading room. I think she bounces off the 100 sma on the daily :)
How do you know when to use the 3 minutes ou 5 minutes time frame to trigger the entry? Many thx.
Use 3 mins for the first 90 mins of the day. THEN switch ;_)
Jerrmey, please make a class about fade thx
hunterx98 And... Viola!!! ruclips.net/video/309DGKqWup0/видео.html
Real Life Trading thanks man will be watching this today! One more thing do you have recording of your last wealth365 presentation? You rock!
hunterx98 No sir, I do not.
Great videos! Thank you for freely sharing your insight. How large does your account need to be to average $500 per day profit?
Richard Soto thank you sir. Very kind of you to say so. ~ That can vastly depend on your strategy. :) For day trading, factoring in buying power issues, margin and slippage, about 50-70k minimum in my opinion
Thank you for taking the time to answer my question.
Do you use level 2 AS part of the trade or is it just based on chart pattern and indicators?
Hossam Atta I do not personally use level 2 :) Candles and sentiment are my GO to!
Hi. Let me ask u something..GOOS yesterday was a retest gap? (6/15/2018)
Jorge Luis Enriquez Boom! Yes sir, you are correct :)
Awesome
THANK YOU! :-)
Hey Jeremy, It's a great webinar and found great insights into intraday trading. I am from India and trade in indian stocks, we don't have premarket session like the one you have shown. In that case how can I draw the S&R lines. Do I need to use previous day's chart for that. As a matter of fact our stocks won't gap up this much but they happen. Could you please confirm how to trade if we don't have pre market data at all.
navyath reddy Hi bud!!! Yep! Draw support and resistance using the 15 min time frame using the most recent 4-6 days =} That will help tremendously
@@RealLifeTrading Thanks and then I will use 5 min candles and wait for the breakout and entry on retest. For breakouts do I need to consider the today's 5 minute candles S&R or the one's I drawn based on 4 to 6 days 15 min S&R. From your videos,I think I have to consider today's 5 mins candle breakout and 4 to 6 days S&R to confirm the gap.please confirm whether am doing right. Sorry for bothering you, these videos are a great help.
navyath reddy Exactly. And for breakouts, use both the present support / resistance along with the past ones (if they are coming into contact with them)
@@RealLifeTrading perfect thanks, this really changed the way I see the charts. I will see whether I will be able to profit on indian stocks.
navyath reddy Great!!! Keep me posted!!!
Are retest and gap different?
Thanks
Do you use vwap in your day trade? Do not see vwap in your video but I think this is also very important indication in day trade
Haiqin Liu Yes. In the live trading rooms, I do include it in my set ups
One more question for you. Do you worry about trend lines (from flag, pennant, consolidation patterns)? After watching a few trades fail prior to my expected TGT, I noticed that in many cases, that the trend lines are respected, providing another area for resistance or possible failure. Going back to BABA the same day, you will notice that it traded up relatively slow. Although it had gapped up, there was an overarching trend line that it kept bouncing off of, it basically rode this line up where it finally reached TGT price for the day. Too paranoid or what?
Once again thanks for the video. I see what you mean regarding the gap n go. There was still some retest. If you look at NVDA on Friday, you'll see that this one had zero retest. Just straight up. I'm wondering if there's a way to predict that behavior based on volume of shorts trapped in the trade from previous days.
hba8103 I don't "worry" about them but I absolutely use them :) But I only have 3 lines max on my chart. Usually 2 horizontal and and maybe 1 trend line.
Real Life Trading only 3. I have hundreds (well a bunch across a 1 yr time frame). They have been helpful, but I think it is because I was using more of a scalping style to trade. I mentioned before I like to see any potential stopping point and had seen things turn suddenly in the middle of nowhere. Could have been a trend, but more than likely S&R. I was looking for a way to automate S&R when I first started trading. I thought I could pick something up on a scanner, evaluate in seconds and get into a trade. WRONG! But, what I did find is that using the maxima (high points) from a price by volume histogram gives extremely accurate (respected) major S&R lines. Helps very much when planning trades. Works with penny stocks, mid caps, large caps, etc. I was surprised at the level of accuracy. Works great in real time when trading above all time highs. Can see resistance forming in real time. Makes sense. More shares traded at a price, means stronger resistance or support. Anyhow, I have been plotting minor and major resistance. Now I can see that I only need to have the major lines. Your mindset of "telling the stock what you want it do" makes 100% sense to me. This opened my eyes....BIG TIME!! I can and have been able to determine what should happen in the near future, yet I have been clearly trading in the present. Can't wait for Monday to jump back into things armed with improved knowledge and mindset. Thanks a bunch for the information.
Forgot to mention that I did use knowledge gained from your videos to trade BABA & NVDA on Thursday to make 5R. Awesome!!
"Forgot to mention that I did use knowledge gained from your videos to trade BABA & NVDA on Thursday to make 5R. Awesome!!" THAT'S AMAZING!! KEEP IT UP!!
Assuming the type of gap is determined by the day candle. How can you determine what kind of gap you have if the day candle has not yet formed? In these examples, the candles are all already formed, the day has already passed.
www.reallifetrading.com/intermediate-trading-course-new Take this course for me Tom! :)
what is your average position ($ not shares) per trade since you usually trade large cap stocks?
Hossam Atta It can totally vary. Since i rarely trade anything under $5 as you mentioned it’s usually about $169k is an average
Jeremy, is there a reason why you don't do a lot of bullish trade? considering SPX is as bullish as...
Prodigy Defender That’s 90% of what I do in swing trading. I like bearish day trades because they move faster. And thinking about it psychologically, if the market is moving bullish and a stock gaps down causing people to panic, they will Be even more upset and confused since the general market is bullish and their stock would be bearish. It’s all sentiment right?? And secondly, just a FYI, first name is Jerremy - with 2r’s. ;)
Any thoughts on SureTrader?
Robert Williams It's ok. They offer 1:6 leverage ~ so you would have to deposit 5k to get the 30k of buying power. Plus they are off shore, not US based. Simply meaning - who knows how secure your money is
On June 14 $ETSY gaped pre-market but the prior daily candle closed red, is that why $ETSY never retested or gave us a clear pull back to enter on June 15?
Hossam Atta Yep. It was a strong gap and go
"I had no slippage" is like listening to my grandmother at the casino.. "I'm up $50... but grandma, how much did you start with? $200? So you now have $50 and you're up $50?? Saying "no slippage" is a psychological mechanism to protect the ego.
GOOD CALL. The words we say control our life, right?
what about suretrader?
Dondrell Beatz It's okay... they provide 1:6 leverage. So for 3k you only get 18k to trade with
Dondrell Beatz Plus... they are international. =] So... how safe is the money... Eh..
Great video! Thank you. I have a question regarding stop losses. I trade weekly options, so the liquidity is no where near the levels of standard stock and use the TOS active trader. There you can see in detail on the ladder where the buyers/sellers are. When things are moving your way, the spreads are tight. As soon as price action stalls or turns red, the spread opens up massively, making it difficult to get out of trades sometimes (at least manually). I have serious concerns about using a stop loss as this turns into a market order. With the huge spreads, a win could easily turn to a loss. Are you able to put in limit stop orders in TOS? If not, are you experiencing a large amount of slippage using a standard stop loss (market) order when trading options?
I don't do limit stops (especially with options) because they can get skipped over. I very often just look at the option pricing chart and determine my option stop based on that. :_ ) Weekly options is a whole other animal. :0)
Real Life Trading so are you exiting with a limit or market order, especially for the stop loss on options? That is my main concern. Things are much easier when the trade is going in your favor. I've had a few big losses due to too much size, a hard head and a nasty spread. Basically, I've been in trades where the option price ticks at .05, I am up way more than 1R, get greedy, have things turn, the buyers drop way down the ladder creating the nasty spread, me feeling that I don't want to take that much of a loss (I was up seconds ago), not taking the loss, then a minute later, wishing I had taken the original loss. Yes, my entry was not that great, but with options and the stop loss, what is the best choice (assuming decent liquidity)? Market (standard stop loss)??
As an example, I traded BABA two days back. Got in at the first Morningstar reversal pattern...so too high. The stock moved lower, the spread on the ITM option opened up big time. I should have stopped out, but the closest bid on LVL II was 2.5R or more in the red. It wanting to take that price, I held. Got lucky of course...saw the next reversal, bought more and had a decent outcome. Pure f'ing luck. It violated several of my rules, let alone the things highlighted in this excellent video. So.....what is the most efficient method for stop loss when day trading options? On the surface, it would seem that anything market would risk huge slippage. I'm basing this on the picture presented by LvL II bids. Thanks for your help bud!!
hba8103 I exit with market orders for stop losses. But I try to avoid getting out with a stop. If the trade doesn't work I'll get out quickly ~ to avoid the slippage )
"IM A CLASSIC GAP!" lol
lesson learned today sell stops sell stops sell stops!
YEP!!!!
watching all your vids thank you changing my life man ty!
My pleasure! Thank YOU for supporting RLT in our mission to Enrich Lives!
You always talk about AKA,... AKA?
: