(1/14) I like to look to add my scalps based on a few indicators. To start off, I like to watch the 1M chart with 1M volume bars. I aim to scale within 10 minutes.
(2/14) First, I like to chart the high and the low of the last 10 minutes. Once I chart these lines, I calculate an approximate range of where the current share price is.
(1/11) A lotto is a higher risk trade that has the potential to yield a higher return.
(2/11) A typical lotto trade is smaller sized because they carry additional risk. Personally, I size my lotto trades approximately 20% of my normal trade size.
(1/12) One of the most common questions among option traders is which strike to choose. The best strike is all determined by the plan. I select my strike based off time, value, and risk!
(2/12) In certain situations, different strikes carry different levels of risk and reward. Choosing the wrong strike can result in unnecessary time decay and/or loss of premium.
(1/9) A trend is a pattern in which a particular asset is moving. Stocks can form bullish trends, bearish trends or assets may not have an established trend at certain times. Identifying a trend can not only result in a profitable trade, it can avoid a loss as well.
(2/9) Stocks and other assets are just perceptions of value. These perceptions can be interpreted completely differently when the asset shows a different trend. Trading is anticipating + timing these same perceptions of value before they change in either direction.
(1/6) A fake out is when a trader sells a particular asset and the asset value increases without them. These can be some of the most frustrating losses, here is what I do to avoid them:
(2/6) It is important to understand that fake outs are a part of the game. There is no single indicator or strategy that will completely avoid fake outs. Everyone gets faked out, even the top retail traders, hedge funds and market makers.