How To Make $3,600 In 1 Day
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- เผยแพร่เมื่อ 12 พ.ค. 2024
- How to make $3,600 in 1 day with Day Trading.
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Hey Maurice! Thanks for this video! I was looking at the distance the move was and looks like it was like a .4 plus move (140-104) and I am wondering how far the distance was price wise on this trade. Many of my trades are more like .1-.2 distance wise. Does what option you choose make the difference some in this way? I know if you have an option that has higher delta you win and lose quicker. But anyways, what would you say your average move is when you trade? And how do you get that average or max it out ? I know you do 2 levels but what is the first level generally? I am working small and just notating what the second level would be for when I get bigger for now. I am still working on my psychology too. I do great for a while then this bug of stubborness and greed sneak attacks me!! And over trading too!! I get so sucked into trading!!
So when you do these types of trades it’s best to simply choose ATM same day expiration and / or the one that’s closest to $1 as possible if it’s 1 ITM or 1 OTM. Doing that you may buy at $1.00 flat as a ex and sell at $1.10 which is a 10% gain on your entire trade which is definitely a huge move in the big picture of things.
The “avg” size per trade varies depending on the day, the volume, how fast candles are generally moving, and maybe even how choppy the day might be. So for 1 week the avg could be say 10% gains but then next eeek volatility could be crazy and all trades are 20%. But then week 3 things could be slow in the market and 5% is the avg. So realistically, what’s more important is letting the chart tell you when to enter and when to exit. Not you looking for a specific percent gain on avg.
“maxing out” is a different discussion and longer discussion since you have to learn how to hold longer based on letting the chart breathe more since your trading with the trend. But before you do that FIRST you need to learn the strategy, then 2 you need to be profitable, 3 be consistent for x # of weeks, and then 4 you learn how to get larger wins.
FYI much of the reason why I do 1 on 1 coaching is because those steps are visually simple to understand but people need someone to monitor & correct them so that can happen correctly for 10 weeks. All without forming bad habits that have to be unlearned.
Anyway, with you over trading for sure you are not necessarily ready to hold longer. You simply need to get to the point where you have the strategy working so that you win 70% of the time just like my 1005 students here 😊
mkuniversity.com/success-stories/
But yeah I say all this with love of course. The last thing I want is for you to get ahead of yourself. So take it step by step at 1 contract and focus on getting consistent regardless of the profit/revenue ❤️ . The big money will come later.
Good stuff but here is the issue. If your entry is NOT perfect, time decay can absolutely crush you when purchasing 0DTE. Yes, you can control more shares for less $ but i think you might be better served day trading the index futures without having 0DTE time decay when buying options.
For my trading time decay is not an issue that comes up since we only hold the trade been 1-10 mins on average max. As a result, your not in long enough for a decay to actually happen. Heck today I did 2 trades to earn $1200 and was in both for 3 mins. Analyzing was longer to make sure the setup comes to me and I executed the plan, but in the trade is not long at all.
so long as a stop loss is placed, then yes that makes sense.
@@Advantaplans correct you need all 3 areas being before anything even happens for a
- Pre-planned entry so visually once the setup happens you know exactly where to enter.
- pre-planned exit for a win so while in the trade you are ready to exit for profit
- stop loss for exit for a smaller loss while in a trade so u can get out since realistically you can’t win every single trade since that’s part of the game.
Along with if possible trading with the trend to increase your odds and etc of winning. So yes you need a well rounded plan and understand you should not be in trades for very long because with my strategy if you are that typically means your either being greedy or you need to get out (small profit or break even) asap.
This is amazing man!! Thank you so much! I was checking spy today but the highs and lows established before 9:30 got broken all the way to the downside, how do you establish supply and demand zones in that case?
Thanks and once they highs and lows are broken then you simply redraw the new high / lows since of course they won’t stay 100% the same throughout the day. 👍
AWESOME!!! What about what option we buy. ITM, ATM OR OTM and do we set the stop based on price or what we are willing to lose.
Hey, here’s a video where I walk through that for ya. But yeah the short answer is ATM 9/10 times to keep it simple. Also, watch the video at the end where I show you where to setup a stop loss typically.
th-cam.com/video/R6lRApb3ywU/w-d-xo.htmlsi=m1mnzyngPt5bsyfU
Maurice can you tell me where I can find the video to show me how to draw those zones
You can watch this one as in the beginning it shows “where to draw the zones”. As far as how google how to open the drawing tools on ThinkOrSwim and it will come up. It would be difficult to explain where to click here via text.
th-cam.com/video/KUey1JyOywg/w-d-xo.htmlsi=9sE4tADjZeF9MqV6
Like, what happens if the entire movements of the day are below what was established before 9:30 as they were for SPY last Friday, how do you set the zones then?
If the day is going downward purely or upward purely then here is a video that shows how to trade those trending days. It’s still the same concept but you wait for it to come back to the zone to prove it’s continuing the directional trend. th-cam.com/video/g6L4FKAmpXU/w-d-xo.htmlsi=V6yZjsatprHbnKze
I have a question why didnt u take the first trade at the first zone? Or why didnt u circle the first zone at the left? But only the 4 after that one?
That was a good trade actually. As far as why didn't I cover that it's simply because I didn't want to cover every single trade in this video. Just keeping it simple, but detailed enough to get the point across. Personally did not take the earlier 1 since I was simply busy at the time, but many other people did since as you saw it was a clear trade.
Will I have a issue with Charles SCHWAB TOS with a felony. Or should I set up a trading LLC. Are you still taking clients for the VIP. I work 10hrs per day. 4pm.-2:30am. 6 days per week. Can I s still do the training.
I've had a few people tell me they had a similar situation and they were still able to open an account so you should be fine. Im not a lawyer, but I imagine as long as its not a crime related to finance then even if they ask for more information then you will be fine fyi.
If you work 10 hrs per day, but 4 pm - 2:30am cst thats actually perfect because between 8 - 3 pm you can trade still. My strategy works best in the mornings so you can still get some rest after a trade before work as well.
As far as 1 on 1 coaching we are accepting clients at a very limited number so you can apply with our application with the below link -
mkuniversity.com/app/
What do you choose for options expiry date
Same day expiration contracts that are at the money / ATM
I mean its a great idea. Just can't afford those kind of contracts yet. Hell I just dipped my toes in to my first couple calls into a stock recently. Hope it'll be a win.
1 contract is actually between $70-200 as it depends on the day actually. Lot of people don’t know it’s actually that cheap. Are you able to trade with $100 actually?
Cus if so then you can do this 😊
@@MK-University Hm. Might look into it then. Just been really wary about jumping into options trading thus far because of the risk. Might give this a try soon then.
@@Chillinchillin8 give it a shot after watching my other recent videos for sure. In the comments section let me know if you have any questions and I’ll be here for you as you learn okay? 👌
Does that mean you try to make an average of 25%+ per trade? Or aim for $30 to $40 profit per contract ? ps. a Live trading video would be more useful
The percent wins vary per trade and per week so there is not really an average but yes 25% gains are very easily possible with this.
You can’t have a mental note of “I’m getting $30” per trade because the moment you get $29 and it won’t move up it will force you to stay in the trade even if it’s showing evidence that it’s about to fall.
So you need to let the chart tell you when to exit and you as the trader think as little as possible by letting the strategy dictate what you do step by step.
(Live trades coming soon fyi)
Man…I see 1 on 1 coaching in my future.
SMH.
Every great athlete, executive, and etc all get help so if anything it’s the correct direction to go for most if they are serious.
I mean even with a simple basketball ex, we all know how to throw a ball into a net, but there is still a LOT to it. Even if u watch all the video and try to apply things yourself. It’s possible but will take so much longer for no reason.
So you’re welcome to apply and see if you qualify for it.
mkuniversity.com/info/
I appreciate that. It’s me vs. me. This strategy is very simple. I’m the problem.
Just one quick question. What does the coaching program has to offer that these online videos don’t?
@@TerenceBrockman-ne5kpwell we all know information about everything is out there from trading to how to fix a plumbing problem, but realistically videos are not always enough. To REALLY learn something people need 1 on 1 help side by side to analyze what your doing daily, set up daily calls with you, and chat with you on everything your doing right & wrong so that way you do everything correctly. So In other words we meet with you as much as required in private 1 on 1 calls to hold your hand to make sure your successful. Everything from analyzing your trades, telling you what to improve on, walking through trader psychology, breaking down what you saw min by min on the candles for correcting, and really etc. To sum it up it’s someone to force you to be successful hence why it’s 1 on 1.