Black-Girl-Stocks
The YouTube video "How To Make $100 A Day Trading Stock Options - The Easy Way" offers tips on making consistent profits by focusing on percentage gains rather than dollar amounts. Beginners should start with a minimum of $500 to $1,000 in their account to achieve the daily goal of 10% gains. They need to limit their trade size to 5-10% of the total portfolio, choose quality stocks with reasonably priced options, and use stop-loss orders to minimize risk. The video suggests using online services such as Tiblio or Thinkorswim scanners to find cheap option contracts and being picky while entering trades that meet pre-determined criteria. The speaker advises selecting option contracts with high delta and ample time for movement while avoiding time decay. The video ends by emphasizing the importance of setting up stop-loss and take-profit orders and directing viewers to another video for more detailed information on selecting the right option contracts.
In this section, the YouTuber talks about how to start making $100 a day trading options by focusing on percentage gains rather than dollar amount goals. She suggests starting with a minimum of $500 to $1,000 in the account to realistically achieve the daily goal of 10% gains, which can easily build up over time. It's also important to keep in mind the position sizes and not risk the entire portfolio on any trade, and to limit the trade size to 5-10% of the entire portfolio for beginners. The YouTuber also suggests looking for quality stocks with options that are priced within a reasonable range to minimize risks and maximize profits.
In this section, the video explores two ways to find cheap option contracts on stocks ranging from $10 to $50 or slightly above that. One way is to use an online service called Tiblio which gives out up-to-date option plays information every five to fifteen minutes with strike prices, expiration date, and more. The other way is to use scanners like the Thinkorswim scanner to save time from scrolling through lists. The video stresses being picky about the trades you enter into and only taking ones that meet predetermined criteria, such as trend lines and indicator signals. Ultimately, picking the right option contract is the key to trading stock options successfully and maximizing profits.
In this section, the speaker emphasizes the importance of careful planning when trading options. It is crucial to know which platform you are trading on, whether it's for calls, puts, or both, to avoid making costly mistakes. When selecting an option contract, it is recommended to choose an expiration date that allows ample time for the stock to move in your favor, but not too long to avoid time decay. The speaker also suggests going in or at the money and picking option contracts with high delta, which means more profit. Additionally, it is essential to use stop-loss orders to minimize risk and have a clear plan for take-profit levels.
In this section, the speaker explains the importance of setting up stop-loss and take profit orders while trading options. He emphasizes that stop-loss orders may not sell at the exact price set by the trader but at the best price available in the market. He suggests setting up a certain percentage of profit to achieve on each trade and to avoid being too greedy. The speaker concludes by directing viewers to another video that goes into more detail about how to pick the right option contracts, strike prices, and expirations.
No videos found.
No related videos found.
No music found.