Do you have any strategies that takes into account your account size AND tells you which is the optimal options contract to buy based on your risk tolerance?
I get asked a lot about options strategies. None of my strategies are built specifically for options. I will say two things. You can run the strategies against the underlying stock and once properly tested they can give you an extra way to determine direction of underlying. Next the strategies will also run against options charts. Send an options chain to a chart and the strategies will run against them.
I am 16 years old and really trying to get into this. If I understand correctly, I apply one of the studies to a stock i am looking at then follow the rules if it drops below? I am not good at explaining. Sorry if that didn't make sense.
That's amazing that you're starting this journey at 16! Congrats on that. These strategies are meant for you to take and utilize the information provided by them to test. I want you to test all my codes and find entry and exit criterias that provide the right kind of statistics that fit your trading goals. From there you would apply the rules taught by my strategies in real live trading and journal your trades. You should then ensure that your real time journaled statistics align with your back tested statics. That means that the strategy is translating correctly from backtesting to real trading. What I'm trying to get at is that you shouldn't just blindly follow my strategies. They exist as statical guidelines and need to be applied to your own trading goals. Please apply that mindset to any strategy video you watch on TH-cam, because strategies only work when you've proven they work for you
That’s great you’re finding your calling so early in life. At your age it was be a surgeon or fighter pilot. Took the pilot fork in the road. The great thing about trading is it’s challenging, you’re always learning something and the rush you get when you do something right. Balancing your emotions will be your next challenge after learning technicals
@@Riverplacedad1 Thanks! I wouldn't say this is what I want to do full time but it is definitely something I am interested in doing. The main thing I have trouble with is finding a company to put my money into.
@@quesomendez we’ll figure out what you really enjoy doing. But be honest with yourself because sometimes the more thrilling professions aren’t always the ones that pay best. Get a great education and invest in the mean time. And as Clint Eastwood once said “ a man got to know his limitations.” If investing isn’t your forte, delegate to someone who is
Just wanted to say thanks for your videos. Especially the emphasis on the coding. Personally I don’t think Think or Swim/Schwab does a very good job educating folks on it and honestly I don’t think their Strategies they supply with the software are that great
@ they will do studies but normally not strategies. But after listening to your video, it doesn’t seem that difficult to convert a study to a strat. Quick question. Is it possible to stack moving averages in a strategy or does it always have to be a crossover
Come on, brother, all indicators are lagging or leading. You can't do anything against the market. Prediction doesn't exist. To confirm your advices what about to trade on live at 9:30 ? We will see your strategy ?!
Also just to continue the conversation. Everything is lagging, every decision you make in life is based on past experience. Would it be better if indicators told us the future? Duh, but that's impossible. Past data beats no data.
thank you. taking your course, having fun. You are an exceptional coach!!!
Another great video. Every single one helps
That's great to hear! Thank you for this comment!
Do you have any strategies that takes into account your account size AND tells you which is the optimal options contract to buy based on your risk tolerance?
I get asked a lot about options strategies. None of my strategies are built specifically for options. I will say two things. You can run the strategies against the underlying stock and once properly tested they can give you an extra way to determine direction of underlying. Next the strategies will also run against options charts. Send an options chain to a chart and the strategies will run against them.
@@TreydingStocks I didn't think of running the strategy on the options chart, an interesting perspective, I'll start back testing, thanks!
I am 16 years old and really trying to get into this. If I understand correctly, I apply one of the studies to a stock i am looking at then follow the rules if it drops below? I am not good at explaining. Sorry if that didn't make sense.
That's amazing that you're starting this journey at 16! Congrats on that. These strategies are meant for you to take and utilize the information provided by them to test. I want you to test all my codes and find entry and exit criterias that provide the right kind of statistics that fit your trading goals. From there you would apply the rules taught by my strategies in real live trading and journal your trades. You should then ensure that your real time journaled statistics align with your back tested statics. That means that the strategy is translating correctly from backtesting to real trading.
What I'm trying to get at is that you shouldn't just blindly follow my strategies. They exist as statical guidelines and need to be applied to your own trading goals. Please apply that mindset to any strategy video you watch on TH-cam, because strategies only work when you've proven they work for you
Save your trade stats
That’s great you’re finding your calling so early in life. At your age it was be a surgeon or fighter pilot. Took the pilot fork in the road. The great thing about trading is it’s challenging, you’re always learning something and the rush you get when you do something right. Balancing your emotions will be your next challenge after learning technicals
@@Riverplacedad1 Thanks! I wouldn't say this is what I want to do full time but it is definitely something I am interested in doing. The main thing I have trouble with is finding a company to put my money into.
@@quesomendez we’ll figure out what you really enjoy doing. But be honest with yourself because sometimes the more thrilling professions aren’t always the ones that pay best. Get a great education and invest in the mean time. And as Clint Eastwood once said “ a man got to know his limitations.” If investing isn’t your forte, delegate to someone who is
Does the Turtle Strategy work on lower timeframes such as a 5 minute, 15 minute or 1 hour chart?
I don't know. You'd have to test that strategy against those time-frames yourself.
Is something like SPYU a good way to run the turtle without having to buy SPY? For smaller portfolios
Just wanted to say thanks for your videos. Especially the emphasis on the coding. Personally I don’t think Think or Swim/Schwab does a very good job educating folks on it and honestly I don’t think their Strategies they supply with the software are that great
I've heard a lot of complaints about the lack of education for beginners on Charles Schwab. Glad I can help fill that Niche!
@ they will do studies but normally not strategies. But after listening to your video, it doesn’t seem that difficult to convert a study to a strat. Quick question. Is it possible to stack moving averages in a strategy or does it always have to be a crossover
Come on, brother, all indicators are lagging or leading. You can't do anything against the market. Prediction doesn't exist. To confirm your advices what about to trade on live at 9:30 ? We will see your strategy ?!
I traded live on stream for 3 years
Also just to continue the conversation. Everything is lagging, every decision you make in life is based on past experience. Would it be better if indicators told us the future? Duh, but that's impossible. Past data beats no data.