Investing In Stocks: VITAL Trading Tips [2019]

click to begin

Youtube

Investing in stocks. This is probably one of the most valuable videos that I'm going to make
so I would definitely I know that a lot of people are overwhelmed with
information and I would highly recommend that you save this video and either
internalize the message that I'm going to convey or refer back to this video
every three months or so in order to reinforce the information so first I
want to go over the trades that expire today we had four contracts of Blackrock
the strike on that was either I think it was 395 next we had the calls on
Electronic Arts then we had five puts on Facebook the strike was around 146 or
146 and a half 20 contracts of Lockheed and then three contracts of Baidu
then we get into the trades that we made yesterday you can see that we actually
made money on Apple so the funny thing was on Thursday we sold 195 put on Apple
and then even though Apple was down around $12 at the open yesterday we were
able to close that out for not a big profit but not a loss you know
considering that we sold the initial put on Thursday I think at around 2 dollars
and 30 cents and then we closed out the trade on Friday at around $1 80 and
Apple was down $16 and a lot of people lost money on Apple and that's going to
that's going to segue into what I really want to discuss today I think one of the
most important aspects for us too as we continue our journey to being you know
incredible traders and consistently profitable like day in and day out
we're not day in day out I mean that's not possible but like month in month out
irrespective of what the market does is we have to be quick to close and slow to
open in 2017 well actually prior to February 2018 I had made money 20
consecutive months and I think that that is not
recurring being that in February 2018 I lost a little bit of money and then last
month even though it was the worst month in seven years I don't want to rest on
that fact because just because it was the worst month in seven years doesn't
necessarily mean that November can't be worse than October was or that January
can't be worse so I really want to reinforce that it's vital to be quick to
close your positions and be slow to open you really have to set those limit
orders upon opening and wait for the position to hit and trigger a specified
price that you want so a good example of this where I made a mistake was
yesterday with Google I had an opening position in Google and you know that
trade is showing me a decent loss because I forget what we sold it at
maybe it was around two dollars and 40 cents and at one point yesterday when
the market was at its low we could have sold that same position for around four
dollars and gotten almost twice as much premium now I know that we're not market
timers and no one can tell the future but I also think that it would have been
better if I had not put that trade on when Google you know I should not have
forced that trade in because I was scared of missing that opportunity
instead what I should have done was set the limit price at a specific price that
I thought was fair like let's say three dollars and 60 cents and then if that
trade executed great if it didn't execute then there'll be other
opportunities there's no point to force trades and I think I'm pretty good at
that but that's something that I need to improve upon so remember you want to be
quick to close and slow to open obviously you have to trade small I
think that is something that almost everyone does some of my students even
message me this past week that they're up money that that the amount of money
that they made this past week more than compensated for the amount that they
lost in October which made me feel really good so you know hopefully not
many of you guys got hurt or if you did get hurt then it's probably only going
to be like a month or two of profits we is not unsustainable so remember you
always have to trade small don't get greedy because the people who did get
greedy in October they ended up getting
slaughtered I want to also address something two trades Electronic Arts and
Alibaba this past Monday I closed out Electronic Arts for a pretty big loss
and the reason I did that was I just it was so stressful and I just got tired of
managing that position and consistently seeing it go the opposite way of what I
was trying to do so yesterday I had some calls expired worthless but I closed out
the puts on EA you know this past Monday at a pretty big loss and you know
remember that you always have to take care of your health because when you're
healthy you can always make more money and we're profitable on 90 to 95 percent
of our trades and I'm not saying that it was a good decision
definitely financially it was not a good decision to just get tired of that
position and close it out for a big loss on Monday but my thinking was that this
position is stressing me out and I just want to get rid of it and if it cost me
two weeks worth of profits then I'm ok with that because at least it'll relieve
me of the stress and anxiety that comes along with constantly looking at that
position and Alibaba it's the same thing you know I just I should not have gotten
involved in that and and actually I'm gonna address that later on but the
point that I'm trying to make is that you should definitely not underestimate
the stress and the emotional toll that goes along with trading October was the
worst trading month in seven years and you should definitely strive to close
out your positions early especially when volatility is extremely high because had
I closed out positions early and pruned my positions I never would have been in
a situation where I had to close out EA for a relatively large loss and honestly
like I don't even care if EA like I don't even care if EA goes up $20 on
you know next week I'm not gonna have any regret because I know that I closed
it out at a relative low I close that eye one year was trading around $90 a
share and I'm just so happy that i relieved myself of that position of that
stress that um you know I'm okay with that
but do I think that financially speaking I should have ever put myself in that
position no I should not have and that's what this video is about it's about
avoiding placing yourself in those stressful situations where you have
positions that you don't want in your account so you know remember the top
priority I think that over the next few months over the next few weeks we are
going to adjust some of the ways that we trade it's gonna be a minor adjustment
but I definitely think that we're gonna we're gonna make some slight adjustments
and the top priority should be to find positions to close that should be our
top priority you know we should really make our top priority find positions to
close and I think that one way that we can get in a great habit of doing this
and I challenge everyone to do this is that um sorry about that is um for every
new position that we're putting on we should close a position so for example
if we open up a new position next week we should then scan all our existing
positions and then close out another position so again if you want I really
want to start building very good habits for everyone and remember closing out a
position early is a great habit that's going to save you a lot of stress and we
make money on ninety five percent of our trades the only time that we lose money
is when we have a situation like February 2018 or October or yeah or
October 2018 you know if you don't have a great position on or you have a bad
feeling about it like Alibaba where you're concerned about Chinese tariffs
just close that position out close it out
don't even bother about rolling or like that if Ally but if you're
concerned if you have a 150 put on in Alibaba and then Alibaba falls from 160
to 145 in a week and then you know two days later is trading at 155 just close
it out close it out when it's trading the next time it goes up so what's
generally gonna happen is about let's say Alibaba was trading and this
happened numerous times it closed now I also understand that in July when a
developer reported earnings it spiked up to like 184 and we could have closed out
the position then and that was a mistake but you know even recently we had an
opportunity so if you told a pudding you were sure to put in 150 then in Alibaba
fell from like 160 to 145 I'm not necessarily encouraging you to close it
out at the at the relative low but what you could have done is you could have
figured okay look Alibaba fell from 160 to 145 there's
obviously going to be some type of bounce right meaning like some type of
retracement of the losses so when Alibaba climbed back up to around 155
that's the time that you should have taken off that tree so if you have a bad
feeling about something because you're concerned about the Chinese tariffs or
anything like that and I remember when I made the trade in ei when ei fell from
like 127 to 115 I said okay this is probably a bad trade I have no idea why
I did that that was not smart and those are the type of trades that I'm not
gonna make in the future so remember if you have a bad feeling about something
just close it out so the top priority is should be to find positions to close
don't worry about maximizing your gains on every single trade because we make
money on 95% of our trades so if you take a tiny loss on something like an
Alibaba that falls from like 160 to 145 and then you close it out when it hops
back up to 152 that's completely okay but you don't want to be in a situation
like I was with Electronic Arts where it fell from 127 to 115 and then I sold a
put and then it went back up so then I sold a call and then I got whiplash and
then it fell all the way down in 90 and I just got so sick of it that I just
closed it out for a loss that's like 10 times as much as I should have just
closed it out for originally like two months per or even a month prior you
just don't want to be in that situation so to recap the top priority is to find
position to close and what I'm going to do and
implement oh you know starting from now on and I don't know how long I'm gonna
do this for but I would highly recommend that for every new position that you
open we're going to close one okay so for every new position that we open
we're going to close one and we're gonna we're gonna choose a position that we
think we're at least comfortable with or that we just feel we need to close out
so if a trade has like three months left until expiration and there's only like
fifty cents a premium left in that tree we're gonna close that out if it's not
if we have a trade on a security that we're not really that's on a Plus
opportunity and the stock is acting weirdly or like it's underperforming the
market then we're gonna close that out so remember the top priority is to find
positions to close for every new position that we open we're going to
close one we have to be quick to close and slow to open so that way we monitor
our we monitor our entrance and when we open new positions we make sure that we
get the absolute best opening position so that we maximize our premium now
obviously we can't tell the future but you know we're not going to jump into
positions like I did with Google so that way we can try to receive more more
premium and get better entry points and I guess the last thing is because we're
still not certain and we are still in a very volatile environment where the VIX
is around 20 I am going to start trading more verticals and the reason is that
even though I'm not necessarily a fan of verticals I do think that when you trade
verticals now it does give you some protection against huge draw downs in
the stock market like if the market Falls 3% then and you trade a vertical
that's okay because it does have a defined risk and also the put that you
buy ends up increasing in price so it offsets the loss from the short put that
you sold so that's pretty much it so to recap be quick to close slow to open
trade small which is something that we do you know I used the example as a EA
and Alibaba don't underestimate stress and the
anxiety that goes along with had with having a really bad month like October
2018 which was the worse than seven years for
now I challenge you guys that for every new position are you open you should
close one close your weakest position and a top
priority is going to be to find new positions you should you should seek new
positions to close you should seek and find positions to close all right if you
have any questions let me know hopefully you guys didn't take I know that some of
you actually are are up money now over the past five weeks which is amazing so
you know keep it coming you know I'm very excited that people are doing well
and if you have any questions then let me know and I'm here to help you
thank you
https://youtu.be/OYQLswrE_9k My Channel Rock Star please subscribe Chile...these Fit Camp and Personal Training divas are getting finer and finer by the day! Love you ladies! Great job tonight!!!!! Won't you join them?!?! November Total Body Fit Camp starts November 12th and I have 5 personal trading new client clients slots still available! How are you going to handle your body goals over the holidays???? Did you know Yavapai county has the highest voter turn out in the entire state! 85% of Yava-people get out and vote. Way to represent Yavapai! If you wear your "I voted" sticker tomorrow you can get 85% off blue and red tags :) The NTH Watches website is now sold out of DevilRays, but there are still a handful of pieces left available from our retail partners WatchGauge, SeriousWatches, The Watchdrobe and Watch Wonderland. #startshoppingtoday via ripl.com 🔥Happy Diwali to All Hindu Friends, Followers, Traders🔥 ⭐️RJL: The Ultimate Trading Machine⭐️ ⚡️FB: fb.com/MoMoTrader ⚡️Telegram: https://t.me/momotraders Expiry trading with traditional dress So I'm thinking of trading in my 2012 TX Pro Baja Tacoma for a 2018 TRD Pro Forerunner . It depends on the trade in value they give me for my truck it has 60,000 miles .... To all $NOW holders, who are still holding on to their losses of 10% to 80%, or more, this one's for you. Kahit ano pang video ng may-ari ang ipakita nila sa inyo, only one thing is certain...PRICE ACTION SPEAKS FOR ITSELF. Current level of 3.76 may bounce up to 4, max 4.3...but don't expect much...magbebenta na mga traders sa level na yun if it would materialise. Line in sand will be 3.6...then baka sakali makatikim kayo ng Pie at 3.14...but I would still wait for 2.9. Sa nagsasabi na "The best time to buy is $NOW"...that's a 16% loss already if you bought at closing last Friday. Kaya pa ba? Learn the ropes of trading. #FaCTAnonVERBA #FibonacciAndClouds

Trading Losses (How to Cope): Options Trading & Stock Market Trading Option Alpha: Scam / Fraud. Why Option Alpha / OptionAlpha.com is a Scam Stock Market & Options Trading: Life as a Trader (No BS) tastytrade Review. tastytrade / tastyworks Options Trading DANGER Stock Market Trading: Dealing with Bad Trades & Trading Losses Jason Bond Raging Bull Kyle Dennis Jeff Bishop FRAUD, SCAM CRIMINALS Success: Focus on Incremental Progress and Ignore Distractions Options Trading Strategies: Iron Condors, Straddles and Strangles CAUTION Binary Options Trading is a SCAM Operated by Criminals IS AMZN A BUY? SHOULD I BUY AMAZON? IS AMAZON A GOOD STOCK TO BUY?

Investing In Stocks: VITAL Trading Tips [2019]

Latest Posts