How to Build Your Trade Plan! Laying the Groundwork For Trading Success! LIVE TRAINING - 5/3/24
Вставка
- Опубліковано 14 чер 2024
- To catch all my trades live (and others) and for more advanced trading education, visit mrtoptick.com/income-navigator. Use the code KING for a $50 discount on the first month!
Join the Discord at mrtoptick.com/discord
Learn how to trade options and futures using strategies that are consistent, mechanical and repeatable.
DON'T FORGET TO SUBSCRIBE TO GET NEW TRADES AND EDUCATION!
You can follow on Twitter at / tommking7
Whether you are a seasoned trader or just starting your journey, this video will provide valuable insights and recommendations on which trading strategies to add to your portfolio. With the right trading plan, you can achieve your financial goals over time.
If you enjoyed this video, make sure to subscribe ✅ to this channel!
DISCLAIMER:
Not Financial Advice! This content is for Entertainment and Educational Purposes Only. All financial decisions made by the viewer should be done after talking with a licensed professional.
An excellent presentation, Tom. Every trader should watch this presentation before they consider placing another trade. 95% of traders fail over time because they don't follow the fundamentals and a viable plan. If you want to be in the successful 5%, watch this video. Many traders can be successful over short periods of time. Real success is to be consistent over a long period of time.
95% losses are because they can't find winning Trades.
another great video Tom. I am now a member of both your services. We really need more of those training videos for you active trader vervices
Well-articulated and instructive video. Nice contrasting of campaign vs. opportunistic tradiing styles (not that you can't do a "blended" style based on current exposure and market conditions). Appreciate the effor that went into this presentation. 👍👍
I’m just now working through step one, establish a plan, I think I understand the theory and principles behind the types of trading and your videos have been a giant driver for me taking this personal journey into trading
Much appreciated Tom. As always, educational and insightful. Best.
Thanks for the great video Tom! Selling crack on the street corner😂
Tom King, you are the man!
Great teacher and trader!
When you are looking at the ROI calculator and using 100k are you using 50% buying power of 50k to hit the 2% a month returns?
Tom pls can i ask, for the long term 112, ur stop loss is 200% of the naked put? and leave the pds run? i saw some of ur previous videos where to cut loss of 112 in the x1 max trap profit, so which one to use? many thanks
Does subscription to the Income Navigator include the trade tracking spreasheets you show in your UA-cam videos (and instructions on how to use them)?
Yes. Mine and several others.
Hi Tom, why you switched from SL in the width of the PDS to a SL on the naked Puts for 1-1-2?
I am revising my trading plan to include more 112 trades 120 dte in /ES. My plan is if ES goes up to close the 2 NP for 95% profit. I then planned to leave the remaining PDS on until it went to 95% of the spread between the long and short put as that is what I "thought" your prior videos said. Now I see at 1:04:53 of this video it appears you suggest to close the remaining PDS "at 25% profit or higher to be "adjusted". Can you explain what that means? Maybe an example? for instance if remaining PDS is at 4850/5000 what would be the profit I should look for on that PDS in order to close it? Can you clear up for me what my plan should be on the remaining PDS and when to close it? Thanks in advance. Love the service as well but want to get my plan nailed down for 2024.
Great video - I'm a bit puzzled about the concept of BP and what it is. I trade with IB, and I believe they use margin requirements by trade compared to Tastytrade, which clearly labels BP. Is there a way to reconcile the two, or are they effectively the same?
They are the same thing
On IB, let's say your Net Liq is $200k, with $120k Initial Margin (IM) and $90k Maintenance Margin (MM). This is analogous to 90/200 = 45% BP usage in Tastytrade: Tastytrade uses MM to calculate BP usage. If you want to stay more cautious (like Tom), you can use IM to calculate 120/200 = 60%. Personally, I lean towards MM and trade bigger when VIX is high (> 25), and use IM and trade smaller when VIX is low (< 15).
@@Pengkuithanks for your input✌️
What’s your background Tom? What did you do before trading?
Sales and operations consultant.
Your compound calculator examples are very very simplistic unless you are trading in an IRA -- per your example if you gave up your job and this is your full-time gig, there are taxes and expenses on top that will take away from the stack. Sure, it is relatively 'easy' to make 2% per month, but unless you are paying expenses and taxes from other sources, it isnt realistic to double your stack every 3 years.
It's not ez to make 2% a month.
If it was he wouldn't need your $150 a month.
His goal is 3%.