1/n Thread
I've always wanted to build Tradytics into something that people can just use themselves and be profitable. I personally do not like explicit alerts but many new traders want them so we built tools.
However, I wish everyone starts learning to analyze options flow. 🙏
I've always wanted to build Tradytics into something that people can just use themselves and be profitable. I personally do not like explicit alerts but many new traders want them so we built tools.
However, I wish everyone starts learning to analyze options flow. 🙏
2/n Eventually, every trader realizes that they need to build their own strategy. They cannot just rely on alerts from others because even if those alerts are good, traders mostly suffer losses just because it's not their own thing.
3/n Services should always be used to couple your trading strategy. You can find "potential" plays by looking at other services but following them blindly doesn't lead to anything in my opinion.
3/n That's where options flow comes in really handy. It's a great tool that lets you build your own strategies by following smart money. It actually makes it easy for you to build a strategy on top of other smart people.
5/n So please, whatever service you want to use, use it. But learn to read charts and options flow and you'll start to become a lot better in your trading.
Risk management is another skill but I myself suck at that so I won't even talk about it here.
Risk management is another skill but I myself suck at that so I won't even talk about it here.
6/n Here are a few examples.
$PENN had plenty of large call sweeps early in the morning. I shared them and you can see the performance for yourself.
I had no idea how the chart looked.
$PENN had plenty of large call sweeps early in the morning. I shared them and you can see the performance for yourself.
I had no idea how the chart looked.
7/n Next is $SNAP which was actually down earlier in the day. However, someone believed in it (although a bit longer term) and it indeed turned green.
8/n Last one would be $MARA. I am not cherrypicking these examples, these were the three main ones I shared today.
This contract is actually up about 20% now. All we do is look at smart money and try to follow it by adding some of our own DD.
This contract is actually up about 20% now. All we do is look at smart money and try to follow it by adding some of our own DD.
That's the rant! I myself am learning these things every day but I am amazed at the power of options flow.
Finally, if you are a totally new trader and want some explicit alerts in the beginning, you can get some ideas from our alert tools.
But the end goal should be to learn!
Finally, if you are a totally new trader and want some explicit alerts in the beginning, you can get some ideas from our alert tools.
But the end goal should be to learn!
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