Sharing my journey on how I trade options successfully.
Through years and trial and error, I have found consistency in my trading and I would like to help out everyone in learning from my successes and failures.
My main goal from this youtube channel is to help out new traders achieve an understanding and confidence in their trading abilities
BS,.. that's a baseless claim,.besides even back then during Covid you didn't just press the sell button and get rich. Fortunately for the real traders 90% fail,..enabling us with skill to take advantage of their losses.
Of course you saw large volume, it was 9:30 market open...might've even had news coming that day. People, price is important to see what it should look like when entering, but time tells you WHEN to enter. Price does nothing without time, thats why when the market is closed you cant do anything and, or, price just doesn't move at all. Price is randomly fluctuating, time is consistent.
the big green long candle . they got absorbed and got trapped , then they shit there pants and alot got out , which add fuel to the fire as they have to sell lto get out , respect for putting on 10 contracts ,
Great video a usual. You mentioned $900 risk for $10,000 profit on this move. Could explain that because I’m usually trading same day exp , let’s say 2-5 at the money buys and I’m spending like $200 o contact and only catching maybe a quick .30 cent move because I don’t let trade play out. Could you explain how the under $1000 investment can yield that much. Or is the futures on /es contracts. Any knowledge from you would help! Thanks carmine
full respect again , you pulled the month back . after the absorption is identified, wait it cost you a bit of money for the nexted information, see the reaction . get the evidence you need to , to pull the trigger , but again well done on pulling back the month ,
Hey carmine, I've heard in one of your videos that you have your minimum size on the T&S in BM set to 40. I'm trading MES on BM. Would it makes sense to use that limit as well, since I'm trading the micro version, which is 10x smaller than yours?
I would recommend to do all orderflow analysis on ES even if trading MES. There may be at most a 2 or 3 tick difference on rare occasions. Just better to read and see the orderflow
Minute 6:40 you said the most you can lose even if you hold this to expiration. I have been trying to wrap my head around options. You mean that, bear with me, I can have a contract that expires ...today and target (option contract ) is 100 down from 105, passes through 90 $ (day is still not expired) and I am making all the way to 80 ? As long as the contract is not expired at the end of the day?
This thing can go to zero and I am making money as long as the expiration is not taking place? These number are exagerate for the purpose of me understanding what's happening
Sup Carmine! Growing an account from 166k to 235k is pretty solid gains for a month. That's around 40%. Just wondering what % were u risking per trade during that month?
Yo didn’t know you’re doing a marathon, that’s dope. I’m running the Newport Marathon in October. Live in CT, if you’re ever around lmk we’ll hit a training run together
Great video! Being a risk manager is key! Loved how you showed the power of R:R towards the end too. Way to stick to your setups. It paid off in the end
Carmine I keep a copy of your trading calendar to remind me that I dont have to trade every day to make money.I used to place so many stupid trades ended up losing all the money plus comision.now I only trade twice a week or sometime none.thanks Bro you are always inspire me to keep improving.God bless you.
