Today I go over my favorite trading strategy that I use every day in the market. I go in detail exactly how I trade this strategy with two examples. I hope you guys enjoyed this video and I hope you can use it to make you some money. I challenge you guys to back test it and try it on your own trades. Here are some rules/notes that I use while trading this strategy.
Strategy rules/notes:
- 5 minute chart
- liquidated options on the stock
- stop loss at the high/low of the first candle
- only use on stocks with high volume
- the moves on these stocks usually last until 7-9am (west coast time)
- make sure 2/1 or 3/1 risk to reward is in place
- you must only win 34/100 trades to be profitable with 1/2 risk to reward
I hope this strategy treats you guys well. Have great rest of the weekend and make sure to leave a comment with suggestions or requests for other videos. Thanks!!
Strategy rules/notes:
- 5 minute chart
- liquidated options on the stock
- stop loss at the high/low of the first candle
- only use on stocks with high volume
- the moves on these stocks usually last until 7-9am (west coast time)
- make sure 2/1 or 3/1 risk to reward is in place
- you must only win 34/100 trades to be profitable with 1/2 risk to reward
I hope this strategy treats you guys well. Have great rest of the weekend and make sure to leave a comment with suggestions or requests for other videos. Thanks!!
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