Thread by @DodgysDD

🚨LEVEL 5:🚨

At this point, you know tons. You have put the time in studying, you are either a hard worker or a smart kid in school lol, but some of you guys (not all) are still not seeing success. This is the level where you would learn/know options.

Before I get into the psychology part of trading, which in my opinion is the most important part of trading, I’m going to go over some options stuff. If you don’t know what options are, you’re going to have to watch a couple videos to learn them first.

Before thinking about trading options, I definitely recommend paper trading them first on Think or Swim (TD Ameritrade) because they can be VERY risky. I would also put 2% or less of your account in them when first starting to play them on your actual account

Anyways, here’s the main first video you should watch if you want to learn options, and it is long, but it will help you understand them much better. By the way, people trade options only for the “premiums” usually, a term you hear in the video, so when this guys talks

about intrinsic, extrinsic value, and “exercising” it’s good to understand but it will probably confuse you, and you won’t end up needing to know that anyways.
Video:

After that video, here’s a few more way shorter ones you will want to watch:





(explains 0DTE (lotto fridays)) risky!

Like I said, options are risky and you want to be well aware on how to trade them before you even think about going heavy in them on your main account or even trading them at all. Once you understand how calls and puts work, there are MANY more options strategies other than those

but most people I follow on twitter are mostly profitable from trading calls or puts. If you want good option alerts, join this discord: discord.gg/MeWaAhPZ

Watch when they alert in the #tradingroom and look at the chart and see why they took calls or puts

Once you move to and get good at options, you can realize how much more potential for 100% gainers you can get in literally minutes. There’s more risk in options than in shares though so the risk and reward balance out.

I didn’t share nearly as enough options stuff as I could have, because it’s very complicated, and once you actually learn how to start playing them yourself once watching the video, you will start to understand why things like 0 day expiration is riskier. Feel free to ask me

or people in the discords question. Every discord I posted has an options chat with lots of helpful people.

Here’s @ripster47 trading rules regarding options, which I believe is VERY helpful. Keep in mind he has his own strategy (using EMA clouds) and you aren’t forced/probably shouldn’t copy his strategy exactly. Find one to your liking.

The main options strategy I have found to be helpful and VERY profitable is something called “The Strat.” Here are 3 videos on exactly HOW to play the strat which I HIGHLY recommend you tryout/use.

For the Strat, my favorite setups are the “inside day break” setups which you will learn about in those videos. Here’s a few diagrams with patterns you can use from the strat

If you’re playing options, make sure to follow @TradingWarz and look at his watchlists for the next day, and try playing his triggers on a paper trading account and see what you think of them. The reason why I say to play his triggers is because

every single night he literally live stream for an hour on YouTube going over his triggers and how you could’ve played them, and that is VERY useful to look back and analyze your trades. His YouTube channel - youtube.com/channel/UCVNiV… His past livestreams are WORTH watching

Here is where I discuss psychology, and if you know Technical Analysis and everything I have already talked about, but still aren’t profitable, it could be your psychology/emotions. Now, I really can’t explain much about this, at least not better than these videos can, so here:

WATCH ALL:

(best psychology video I’ve ever seen)

Watch this:

https://twitter.com/tradewithninja/status/1267673698288443394

Another Thread from @LunarAces that talks about poor entries (which is a huge problem in new traders)

https://twitter.com/LunarAces/status/1421553982401564675

Morning flush recipe:

1) Top gappers list (with a 100%+ gain ideally)
2) High relative volume
3) Good news that reads well (determined by PM action)
4) Stock has range (check the daily)
5) Wait for a big flush (usually in the first 30m)
6) Add dip either upon key level or basing

That’s from @making_sales but couldn’t share because account is private.

Other videos on morning flush strat:

There are more strategies but everything is gave you in all these threads are the most popular, and you always want to use the most popular because more people use them which make the strategy have a better chance of working

LAST THREAD WITH AWESOME EXTRA CONTENT: j#

https://twitter.com/dodgysdd/status/1449798348572143616