This is a great gameplan. I've been trading only SPY for the last month and I've been able to 5x my small account. I got tired of chasing TSLA, gappers, etc. Now I just chart the SPY, ES, and NQ, and trade the SPY. Play the ORB, the test of the overnight/previous day high/low, and sometimes the close (if there is a strong move in one direction). Maybe 5 trades a day, and I start scaling out at 10-20% profit. You can trade a lot less and get better quality by just focusing on strong moves in the SPY.
@@BattlestarGenesis I find that I get shaken out with the 1 and the 3-minute. The 5-minute is probably what I do most, but even the 15 is more reliable if you have patience.
Hey another question, since I'm trying to get better at doing ORB so I'm trying to learn from people. Do you let the Opening range form after a certain time after market open? Or pre determined levels?
@@BattlestarGenesis I think Carmine has videos on how to play the ORB. Basically you wait for the first candle to form after the open, then when the second candle breaks above or below that's the direction you play. So on a one minute chart it would be super choppy, but on a 15-minute chart once the first 15 minute candle breaks in one direction it's a better indicator of perhaps the next hour. This all varies of course. You can also back test this by looking back over previous days and seeing what would have happened if you had taken the second candle in the direction of the break. You'll probably see that the longer time frames are more reliable.
Recently, I got into the UA-cam financial niche, and I’ve taken a deep dive into trading. Particularly, options as it interests me. I have tried multiple methods to build my portfolio in the past. So far I’m making progress the help of a trade manager. Back to the video, wonderful job there. I always look forward to more of your content.
Trading without sufficient knowledge deems your chances of being profitable at an inherently high rate because it is risky and requires considerable skill as individuals who attempt to trade themselves end up losing money. Profiting from the trading is possible, personally, I don't underestimate the role that professional guidance plays as Herman W Jonas, an astute trade manager has given me an edge over the rest of the market which has propelled me to make more profit. Here,
Quite true. From my experience, it’s about understanding the market and volatility, but that’s difficult to do without help and guidance. Going in blindly is like betting a pony against a horse in a race.
I mostly trade QQQ options and sometimes SPY. Sometimes on Fridays I’ll trade Tesla options because they are too expensive the rest of the week. I’m already profitable and just started just under a year ago. I’m sticking to a plan and making a niche.
@@simpp8 I can introduce you to a broker which I and my team has traded on for years and have come up with a strategy that works for daily profit . profit is guaranteed daily does not matter the situation of the market as long as you follow our trading signals on the group . interested hit me up
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks gold, silver and digital currencies
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading
Not sure of you talk about this, but I have a lot of years trading spy option contracts. Best strategy is to buy an at the money spy contracts and do a credit spread on the spx option contract. You can get an average of 2.50 to 3 dollars credit for the spx contract, which will off set any potential loss on your spy contract if it goes against you. The purpose of spy contracts are for large moves to go in your direction, but most of the time you should be able to make most of your profit from selling at the money spx credit spreads due to theta decay. Hope this helps anyone looking to trade spy contracts. You can also do this with es future contracts as well.
Volume and price action! Yessir! Volume spread analysis is the only thing I use for trading too. I mean, I have VWAP, 9/21EMA but volume and price, like you said, is ALL YOU NEED!
Thank you so much. I'm trying to learn this stuff and you have so much wisdom for a young person. I'm getting ready to retire next year, and I really don't want to limit my spending, not that I don't watch my spending, but my pension won't fetch me what I'm use to earning. I really don't want to go get a part time job, but I don't want to just sit and do nothing either.
Thank Carmine this video was right on time!! I told myself that instead of chasing $TSLA I'm going to focus more on intraday trading the SPY. This will be so much easier on me than trying to day trading $TSLA everyday 🤦🏾♂️🤦🏾♂️
@@terrywilliams2349 good . I can introduce you to a broker where you can make profits daily with our trading signals if you are looking to make profits daily . super easy . all you need to do is be online to copy signals and sometimes we engage in pumps for more profits .
I think the SPY is difficult to trade while the market is volatile. I think it's a good learning experience to prep you for massive profits once things go back to normal.
Great video. Do you have a video of actual option executions? From the button click of buying a call” , thoughts on why u picked a certain strike price, then button click of selling and getting out. Would love to see execution examples!
Carmine thank you so much! You are a God Send!!!! I am 66 yrs old and have been trading options on and off for 10 years and always did it "old school" !!! I did not know about the vwap or SPY. You really taught me a lot!! Thanks again!
I’m a father of 4, soon 5 and I started trading like a few months ago. When I started, I was option trading with small stocks n I was doing good till I started doing bigger stocks like Tsla. I been loosing a lot of money every day. I want to stop but at the same time I don’t. I love option trading for some reason but I’m doing it well I’m working too. That’s my biggest mistake but that’s the only time I can do it. I have a bulge back and the pain just getting worst so im trying to rly learn from my mistakes and get better at it cause I don’t know how much longer I can work so that’s one of the reason Why im doing it but I like your Video and what you said.
If you don’t have time to trade I recommend zooming out and buying options more days out or be picky. Yes it will cost more for farther out but it will play to your style and not make you want to check charts every five minutes to maximize gains. Stay away from 1,5, maybe 15min charts. And wait till open bell is OVER.
Realistically if you're trading more than 1-3 trades a day you're doing too much. Aim for a Risk Reward 1 to 2 minimum and think in terms of probabilities. You give up reward, for a higher probability of making money (later entries) or more reward, less risk, lower probability (earlier entries). Also Stick to 1 stock or ETF, that's all it takes. Work on being consistent and you will be profitable, start with an 'I don't care size' and work up as you get comfortable. Lately drop the indicators and learn price action.
Been trading for 4 years and still struggle with keeping profits because I keep looking for home runs, eventually I would get clipped out and frustrated - great content looking to do better
I could introduce you to a broker where you could make daily profits using my trading signals . I and my team have come up with a strategy that works perfectly on this broker and profits is guaranteed daily no matter the situation of the markets . If you are interested I can add you to the group .
Honestly I was going to skip your video... But you popped up while I was doing my face wash routine, so no dirty hands. I was listening to another trader's lesson but I am definitely glad I didn't skip. Now considering your courses instead. Thank you for the huge insight. You simplified everything so damn well.
I trade emini options myself, only draw back is they don't offer stop loss so you have to be on your game and have disapline. I trade price action with the use of patterns and trends. Imo, the best way to trade no matter your trading vehicle
Great video. I started watching your videos last year as a beginner before giving stock and crypto market a trial. I was able to make $17,300 in one month with a capital of $4,000 trading with an experience expert who guided me through out my trading.
I met Mr John E Armani last year for the first time at a conference in maryland, I invested £25,000 and traded one month making close to £128270 last year for the first time at a conference in maryland, I invested £25,000 and traded one month making close to £128270
When I saw testimonies all over the place I thought it was all made up stories till I was convinced and gave it a try and honestly I don't regret the move i made because I invested in a big way
It's has been so difficult for me trading on my own because i have had much losses.Think the real market is manipulated, please can anyone help me out or tell me what I'm doing wrong.
SPY and QQQ kind of choppy because they factor in multiple companies with a weighted factor, but I believe they can be mastered. Personally my two favorites are AMD and BA. Usually good ranges for bulls and bears, price action follows through majority of the time on wicks off supports and resistances. Less traps in these names. I get trapped sometimes in SPY & QQQ but I'm sure there are others who can spot it better than I can
@@vision1707 Lol some days, Boeing has been getting on my nerve lately with the consolidation while trying to scalp. AMD for 15 min timeframe but on a 2 min timeframe NVDA & SQ make solid moves. Big candle moves in 4-10 minutes on average
To me, NVDA has been trading a certain range and I noticed that it usually follows the SPY. Question, does AMD and Boeing move slowly by the weeks in between ranges so you can take profits weekly or do you have to wait a few weeks before taking big profits. I don't want to trade a stock that only pay a few hundred dollars a week and I'm leveraging a big part of account. Thanks!
@@gregorymalone1073 Whoa there Mr. Malone, I'm a Day Trader, specifically a scalper. I never look at a weekly chart. Hardly even a daily. I've made money so fast in 1-5 minutes going one direction, literally, the rest of the day could be completely opposite direction and I've still profited and been done for the day. but if I had to give my opinion the swings have been so wild in this market, I don't know how you could swing trade or even say anything moves slowly. We are in 2 completely different universes lol
Great video! I trade scalp SPX options based on SQQQ and QQQ reversals from areas of support and resistance on the 15min chart, It’s pretty damn consistent
Ok I’m using Webull, I come across this video a few days ago and watched, so I thought about it, Webull has a paper trading section for practice, and that what I’ve been doing, practicing before I jump into anything, I want to be confident when I actually start trading. So I set my paper reader up with $1000 and pulled up QQQ today watching it closely for a few minutes, it was on the down slop, so I watched the candle sticks, I could tell it was about to start going up, as soon as it did, I purchased 1 option, and let it run for 25 minutes, then sold, and made $700, $700 in paper trader, listening to what you said, I’m going to run this 6 more times practicing, then I will start this for real, but I have to give you props, it worked the 1st time I did what you said!
Your advice on this video is SPOT ON! My problem is watching to many tickers. You convince me to just trade spy and qqq and try that for a while. I'm much better at short trades. Every time I hold for the big one. I lose it all.
I love your videos, Can we get a full video only explaining how to find supply and demand zone I saw one of your videos had only the last few minutes explaining how to draw and find them, I was able to learn from that but in this market it seems like it not 100% accurate as supply and demand is not holding
Absolutely Great video, being I've taken so many loses prior it's hard right now to detach myself from the money as I fear losing anymore but I'm working on becoming consistent so small consistent wins then scale up!
Carmine thank you for your videos. I'm new to the market. I made 40k last year off $AMC. That what got me into the market. But I've become obsessed w the market for the past yr. I've read a cpl books but have felt overwhelmed w all the different indicators & candle stick patterns, different strategies becomes overwhelming. But I really like the simplicity of the supply & demand/your style. I paid all my debt w what I made last yr but left 2k in my acct. It's 3.2k now but I really wanna study & grow my acct. I like the idea of 1-2 trades a day & stop!! I'm watching all your videos & considering your course. I'm 42, made alot of mistakes in my life!! But I gotta daughter & really want to accomplish this market for her as well!! I would say I'm almost obsessed/determined to conquer this market!! Anyways love the way you break everything down & I'm really hoping to take your course! Thanks bro, your really inspiring me brotha 🙏 👊
i do absolutely terrible when i chase different tickers and different plays. lost 30% of my port doing that which is asinine since during my 2 months of paper trading i stuck with only tesla swing trades and did a consistent 20-50% win on almost EVERY trade. but since the contracts are so expensive i chickened out. i feel like ive gotten to know tessie over the months so i need to stick w her. people are scared of her but you can play her volatility. i did a bit w spy too and its a lot like tesla but on a smaller scale w cheaper contracts. think ill stick strictly w those 2
So you definitely convinced me on the power of options which I already knew about... but you didn't tell me like when to buy and when to get out? I didn't learn much in other words. I sense you are willing to help, though... so what else should I look at?
If you would love to join the family where we share daily trading signals for profits . I would be glad to add you on the group . Indicate if you will be interested
Perhaps I missed something, but all I saw was an identification of lows and highs and what the difference between the two were. How did you know going into those trades you were on an uptrend? Is there another video where you explain this?
a few things to look at are the previous highs and lows, are there higher highs and higher lows with increased volume day over day? could be looking at an uptrend, or if the chart shows the opposite see if its turning down. if it were as easy as looking at a chart and saying yup money making day then everyone would do it
I’ll add this one thing 📈 price isn’t the only thing that has supply and demand options contracts as well share supply and demand therefore they have levels that need to be met for opportunity
Hey Carmine, novice here. Do you use level 2 for entries/exits trading SPY? It has crazy volume plus lots of dark pool transactions hidden from level 2. Is level 2 a big waste of time when trading SPY?! Thanks!
I 100% agree that you don’t have to scan every morning or trying to find the hot stock. I’ve been much more successful trading literally 2 stocks the past year and usually just 1 of them on any day. For me I only trade Apple and Nvidia options. Both highly liquid and both highly predictable and both affordable. You can do this with Tesla and Alphabet and Amazon but those options are a bit pricey for me. I find it so much easier and I don’t care which way the market is moving. Wish I did this a long time ago. SPY is great to trade but again can get expensive.
@@ewlincueto I don’t think I said that. All I was saying was that I prefer this strategy compared to scanning for runners. I’ve had much more success trading the same 4 or 5 picks making just 1 trade a day; sometimes 2. It just helps to have a strategy that works for you and then sticking to it.
What about accumulation of wash sales? I know the point is to disallow losses for tax purposes, but is there any other issues that could arise from that?
@@carmine_rosato I understand a traders Analysis can suggest its a good probability but I've read some traders will hold 20% to 50% before cutting their loses due to the possibility of the trade swinging into profitability before the Options expiration. I guess your saying it's up to the traders discretion? 🤔
Yeah, at first I was trying to risk $500 first trade. Very bad decision. So I go really cheap until I get a hang of trading then I will scale with confidence.
Discord member: " Helped change all my bad habits" in 4 days of being in discord lol.
How do I join discord?
^
The discord is only available and included free for investitrade course members on investitrade.net
The discord is only available and included free for investitrade course members on investitrade.net
@@carmine_rosato thanks for the quick response 👍
This is a great gameplan. I've been trading only SPY for the last month and I've been able to 5x my small account. I got tired of chasing TSLA, gappers, etc. Now I just chart the SPY, ES, and NQ, and trade the SPY. Play the ORB, the test of the overnight/previous day high/low, and sometimes the close (if there is a strong move in one direction). Maybe 5 trades a day, and I start scaling out at 10-20% profit. You can trade a lot less and get better quality by just focusing on strong moves in the SPY.
What time frame do you like for the ORB?
@@BattlestarGenesis I find that I get shaken out with the 1 and the 3-minute. The 5-minute is probably what I do most, but even the 15 is more reliable if you have patience.
@@JohnVC great thanks for the reply
Hey another question, since I'm trying to get better at doing ORB so I'm trying to learn from people. Do you let the Opening range form after a certain time after market open? Or pre determined levels?
@@BattlestarGenesis I think Carmine has videos on how to play the ORB. Basically you wait for the first candle to form after the open, then when the second candle breaks above or below that's the direction you play. So on a one minute chart it would be super choppy, but on a 15-minute chart once the first 15 minute candle breaks in one direction it's a better indicator of perhaps the next hour. This all varies of course. You can also back test this by looking back over previous days and seeing what would have happened if you had taken the second candle in the direction of the break. You'll probably see that the longer time frames are more reliable.
1. Defense
2. Consistency
3. Focus on making good trades, not money, it’s about the process.
that is my exact mindset when gambling XD
@@hydrocemia2690 quit cappin
Recently, I got into the UA-cam financial niche, and I’ve taken a deep dive into trading. Particularly, options as it interests me. I have tried multiple methods to build my portfolio in the past. So far I’m making progress the help of a trade manager. Back to the video, wonderful job there. I always look forward to more of your content.
How did you do it? I’ve tried to put some money in to see if I can earn but I always hit a dead end.
Trading without sufficient knowledge deems your chances of being profitable at an inherently high rate because it is risky and requires considerable skill as individuals who attempt to trade themselves end up losing money. Profiting from the trading is possible, personally, I don't underestimate the role that professional guidance plays as Herman W Jonas, an astute trade manager has given me an edge over the rest of the market which has propelled me to make more profit. Here,
Quite true. From my experience, it’s about understanding the market and volatility, but that’s difficult to do without help and guidance. Going in blindly is like betting a pony against a horse in a race.
Hermanw jonas (a
Gma!lcomm!
To all the people in the comments, his course is %1000000 worth it
🙏🏽🙏🏽
Ima buy!
I agree 100%
I'm getting Carmine's Course now!!
I second this 👌
I mostly trade QQQ options and sometimes SPY. Sometimes on Fridays I’ll trade Tesla options because they are too expensive the rest of the week. I’m already profitable and just started just under a year ago. I’m sticking to a plan and making a niche.
on what broker do you trade ?
what broker?
@@simpp8 I can introduce you to a broker which I and my team has traded on for years and have come up with a strategy that works for daily profit . profit is guaranteed daily does not matter the situation of the market as long as you follow our trading signals on the group . interested hit me up
what's your plan?
Do you scalp the Tesla stocks using a one minute timeframe?
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks gold, silver and digital currencies
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading
May I ask which stocks are good? I've been looking at a few different ones but want others' opinions as well
who would you recommend?
@@danielsmith7484 DOROTHY DONNA TAGLIENTE, That's whom i work with
@@danielsmith7484 You can just put her name on google and you will be directed to her website and drop her your message.
Not sure of you talk about this, but I have a lot of years trading spy option contracts. Best strategy is to buy an at the money spy contracts and do a credit spread on the spx option contract. You can get an average of 2.50 to 3 dollars credit for the spx contract, which will off set any potential loss on your spy contract if it goes against you. The purpose of spy contracts are for large moves to go in your direction, but most of the time you should be able to make most of your profit from selling at the money spx credit spreads due to theta decay. Hope this helps anyone looking to trade spy contracts. You can also do this with es future contracts as well.
So useful to this beginner. No home runs was a great take away for me! And sticking to a few stocks makes so much sense! Thanks for sharing!
Volume and price action! Yessir! Volume spread analysis is the only thing I use for trading too. I mean, I have VWAP, 9/21EMA but volume and price, like you said, is ALL YOU NEED!
exactly !!
what broker do you trade on
Yep, that is all I started using about 2-months ago and had a perfect daily record for QQQ and SQQQ until last week.
What broker do you trade on ?
Thank you so much. I'm trying to learn this stuff and you have so much wisdom for a young person. I'm getting ready to retire next year, and I really don't want to limit my spending, not that I don't watch my spending, but my pension won't fetch me what I'm use to earning. I really don't want to go get a part time job, but I don't want to just sit and do nothing either.
Well there are several ways you can keep spending the way you unlimitedly, With the right strategies.
The best trading education and real ppl! Carm is the real as he can get! Thank you for all of what you do to help me every day!
Thank Carmine this video was right on time!! I told myself that instead of chasing $TSLA I'm going to focus more on intraday trading the SPY. This will be so much easier on me than trying to day trading $TSLA everyday 🤦🏾♂️🤦🏾♂️
on what broker do you trade
@@digitalgenuis7732 TOS
@@terrywilliams2349 good . I can introduce you to a broker where you can make profits daily with our trading signals if you are looking to make profits daily . super easy . all you need to do is be online to copy signals and sometimes we engage in pumps for more profits .
I think the SPY is difficult to trade while the market is volatile. I think it's a good learning experience to prep you for massive profits once things go back to normal.
Great video. Do you have a video of actual option executions? From the button click of buying a call” , thoughts on why u picked a certain strike price, then button click of selling and getting out. Would love to see execution examples!
Carmine thank you so much! You are a God Send!!!! I am 66 yrs old and have been trading options on and off for 10 years and always did it "old school" !!! I did not know about the vwap or SPY. You really taught me a lot!! Thanks again!
What strategies are these folks using?
Good stuff man! I’m starting to string some base hit weeks together!
Days till expiration has been a major conflict/hurdle for me.
what broker do you use in trading man ?
Best trading advice on UA-cam!
Carmine Always Giving That Professional Trader Knowledge!! Salute Bro!!
Best trading UA-cam I don’t care what anyone says
Appreciate you and Dylan always. Thanks for always adding value to our group and community Carmine 🙏🏼❤️
I’m a father of 4, soon 5 and I started trading like a few months ago. When I started, I was option trading with small stocks n I was doing good till I started doing bigger stocks like Tsla. I been loosing a lot of money every day. I want to stop but at the same time I don’t. I love option trading for some reason but I’m doing it well I’m working too. That’s my biggest mistake but that’s the only time I can do it. I have a bulge back and the pain just getting worst so im trying to rly learn from my mistakes and get better at it cause I don’t know how much longer I can work so that’s one of the reason Why im doing it but I like your Video and what you said.
If you don’t have time to trade I recommend zooming out and buying options more days out or be picky. Yes it will cost more for farther out but it will play to your style and not make you want to check charts every five minutes to maximize gains. Stay away from 1,5, maybe 15min charts. And wait till open bell is OVER.
Cause it’s called gambling
Love your videos. Been watching various trading videos over the years and I've found yours the very best..no bs and just straight talking knowledge
on what broker do you trade ?
Wow!! I appreciate this video, great advice and views on focusinfg on SPY and trading consistent process. Thankyou
lets go boiiiiii your rants always get me hyped up.... good luck to everybody this week 🔥🔥🔥🔥🔥🔥🔥🔥
You too boss
Haha appreciate you! Good luck
Rants? 😂 frfr my boi legit
Realistically if you're trading more than 1-3 trades a day you're doing too much. Aim for a Risk Reward 1 to 2 minimum and think in terms of probabilities. You give up reward, for a higher probability of making money (later entries) or more reward, less risk, lower probability (earlier entries). Also Stick to 1 stock or ETF, that's all it takes. Work on being consistent and you will be profitable, start with an 'I don't care size' and work up as you get comfortable. Lately drop the indicators and learn price action.
This is my 2nd video I've watch from your channel and I'm loving the honesty and transparency. New subscriber 💯
Dude this what I got after few days trading on my own... You're totally correct
Been trading for 4 years and still struggle with keeping profits because I keep looking for home runs, eventually I would get clipped out and frustrated - great content looking to do better
on what broker do you trade
Prop firm MFF 1-100 leverage, 1.00 = 0.01 on a KOT4
I could introduce you to a broker where you could make daily profits using my trading signals . I and my team have come up with a strategy that works perfectly on this broker and profits is guaranteed daily no matter the situation of the markets . If you are interested I can add you to the group .
Honestly I was going to skip your video... But you popped up while I was doing my face wash routine, so no dirty hands. I was listening to another trader's lesson but I am definitely glad I didn't skip. Now considering your courses instead. Thank you for the huge insight. You simplified everything so damn well.
You’re correct about new traders learning to trade SPY and QQQ! Also new traders can check out XLF and bank stocks that have cheap options chains!
I trade emini options myself, only draw back is they don't offer stop loss so you have to be on your game and have disapline. I trade price action with the use of patterns and trends. Imo, the best way to trade no matter your trading vehicle
All very good points. I wish i heard this advice 2 years ago when i was really new to trading. Thank you
Great video. I started watching your videos last year as a beginner before giving stock and crypto market a trial. I was able to make $17,300 in one month with a capital of $4,000 trading with an experience expert who guided me through out my trading.
I met Mr John E Armani last year for the first time at a conference in maryland, I invested £25,000 and traded one month making close to £128270 last year for the first time at a conference in maryland, I invested £25,000 and traded one month making close to £128270
I'm new to trading and would like to reach out to Mr John armani , How and where can I do this?
wanted to trade, but I got discouraged with the market price fluctuations 😊
When I saw testimonies all over the place I thought it was all made up stories till I was convinced and gave it a try and honestly I don't regret the move i made because I invested in a big way
Thank you, I have texted him , Hope he replies me
trying to save enough money to get in your class. I appreciate all you’ve done for the little guys get up there.
Love this video. By trial and lots of error, I have come to the same conclusions as you. Love your stuff. You just gained a subscriber.
It's has been so difficult for me trading on my own because i have had much losses.Think the real market is manipulated, please can anyone help me out or tell me what I'm doing wrong.
People are scared of investment because of high rate of scammers on the market
But seriously, I think crypto trading platforms really need some talented experts like mam Kathleen for copy trading purposes🤔
Wow you all know her here? I've worked with 3 traders in the past but none of them is as efficient as Mrs Kathleen is, her strategies are awesome
Best video I’ve seen. Kept it real & showed how to truly be successful in it. Thanks man!
SPY and QQQ kind of choppy because they factor in multiple companies with a weighted factor, but I believe they can be mastered. Personally my two favorites are AMD and BA. Usually good ranges for bulls and bears, price action follows through majority of the time on wicks off supports and resistances. Less traps in these names. I get trapped sometimes in SPY & QQQ but I'm sure there are others who can spot it better than I can
Boeing ?
@@vision1707 Lol some days, Boeing has been getting on my nerve lately with the consolidation while trying to scalp. AMD for 15 min timeframe but on a 2 min timeframe NVDA & SQ make solid moves. Big candle moves in 4-10 minutes on average
To me, NVDA has been trading a certain range and I noticed that it usually follows the SPY. Question, does AMD and Boeing move slowly by the weeks in between ranges so you can take profits weekly or do you have to wait a few weeks before taking big profits. I don't want to trade a stock that only pay a few hundred dollars a week and I'm leveraging a big part of account. Thanks!
@@gregorymalone1073 Whoa there Mr. Malone, I'm a Day Trader, specifically a scalper. I never look at a weekly chart. Hardly even a daily. I've made money so fast in 1-5 minutes going one direction, literally, the rest of the day could be completely opposite direction and I've still profited and been done for the day. but if I had to give my opinion the swings have been so wild in this market, I don't know how you could swing trade or even say anything moves slowly. We are in 2 completely different universes lol
Great video! I trade scalp SPX options based on SQQQ and QQQ reversals from areas of support and resistance on the 15min chart, It’s pretty damn consistent
This is probably the most important video I needed to watch. Thanks for these valuable insights!!
I only trade AMD options. That's it.
I always get pumped when I see a new video uploaded, like first then watch👍🏼
Ok I’m using Webull, I come across this video a few days ago and watched, so I thought about it, Webull has a paper trading section for practice, and that what I’ve been doing, practicing before I jump into anything, I want to be confident when I actually start trading.
So I set my paper reader up with $1000 and pulled up QQQ today watching it closely for a few minutes, it was on the down slop, so I watched the candle sticks, I could tell it was about to start going up, as soon as it did, I purchased 1 option, and let it run for 25 minutes, then sold, and made $700,
$700 in paper trader, listening to what you said, I’m going to run this 6 more times practicing, then I will start this for real, but I have to give you props, it worked the 1st time I did what you said!
What broker do you use?
Your advice on this video is SPOT ON! My problem is watching to many tickers. You convince me to just trade spy and qqq and try that for a while. I'm much better at short trades. Every time I hold for the big one. I lose it all.
“Focus on 2 or 3 names, everything else is noise.” SPX, SPY and Tesla are my three.
FANTASTIC Message!! Thanx C.
Glad it helped! Thanks Steven 💪🏽
One of the best trading videos i’ve ever watched. Thanks man
I like Forex Nas100 & Gold.
I love your videos, Can we get a full video only explaining how to find supply and demand zone I saw one of your videos had only the last few minutes explaining how to draw and find them, I was able to learn from that but in this market it seems like it not 100% accurate as supply and demand is not holding
In the course
what broker do you trade on ?
@@digitalgenuis7732 i cant thank you enough for guiding me on my trading journey . i cant imagine where i am now without you.
Been watching you for 2 years now and your videos prove to me that your trading strategy works
Absolutely Great video, being I've taken so many loses prior it's hard right now to detach myself from the money as I fear losing anymore but I'm working on becoming consistent so small consistent wins then scale up!
on what broker do you trade ?
Can you please repost the link? Thank you
Excellent video!
Carmine thank you for your videos. I'm new to the market. I made 40k last year off $AMC. That what got me into the market. But I've become obsessed w the market for the past yr. I've read a cpl books but have felt overwhelmed w all the different indicators & candle stick patterns, different strategies becomes overwhelming. But I really like the simplicity of the supply & demand/your style. I paid all my debt w what I made last yr but left 2k in my acct. It's 3.2k now but I really wanna study & grow my acct. I like the idea of 1-2 trades a day & stop!! I'm watching all your videos & considering your course. I'm 42, made alot of mistakes in my life!! But I gotta daughter & really want to accomplish this market for her as well!! I would say I'm almost obsessed/determined to conquer this market!! Anyways love the way you break everything down & I'm really hoping to take your course! Thanks bro, your really inspiring me brotha 🙏 👊
How’s your trading been going?
THANK YOU CARMINE!
Thanks !
We're right at supply right now
I really appreciate your videos! I really do get a lot from them🔥🔥🔥
How would you go about making $50 a day on a $500 account like you said?
Don’t worry about the money. Trade 1 contract at a time until consistent. Then scale up
@@carmine_rosato Position size?
i do absolutely terrible when i chase different tickers and different plays. lost 30% of my port doing that which is asinine since during my 2 months of paper trading i stuck with only tesla swing trades and did a consistent 20-50% win on almost EVERY trade. but since the contracts are so expensive i chickened out. i feel like ive gotten to know tessie over the months so i need to stick w her. people are scared of her but you can play her volatility. i did a bit w spy too and its a lot like tesla but on a smaller scale w cheaper contracts. think ill stick strictly w those 2
Moneyball! Doesn't matter if they can field. It doesn't matter if they can hit a home run. It only matters if they can get on base.
I loved the baseball example makes sense. Dont look at the money just build capital
With spy and QQQ how old do you go for contract time? 1 month, 2,3 etc…
So you definitely convinced me on the power of options which I already knew about... but you didn't tell me like when to buy and when to get out? I didn't learn much in other words. I sense you are willing to help, though... so what else should I look at?
Needed these words going into this week! LET’S GOOO 🔥💯
Price and Volume. Agree.
But if I good pick only one extra indicator it would be VWAP.
Thanks for this. Need to add order flow to my strategy.
This is an absolute gold mine. I’m grateful for these lessons you sharing
If you would love to join the family where we share daily trading signals for profits . I would be glad to add you on the group . Indicate if you will be interested
Great advise! How do you determine what option price to pick? I normally take the option at the money. Thanks
on what broker do you trade
@@digitalgenuis7732 i cant thank you enough for guiding me on my trading journey . i cant imagine where i am now without you.
;;; options are mind blowing to me,,,,
@@hafsabintsirin2450 scam bot
@@digitalgenuis7732 scammer
What platform are you using for trading. Great video really helpful
TOS to chart... IBKR for execution
hi master!! can u do a video, with ur trading setup, timeframes for intraday begginers trader are u recommend?
I have a video of this on my channel!
Perhaps I missed something, but all I saw was an identification of lows and highs and what the difference between the two were. How did you know going into those trades you were on an uptrend? Is there another video where you explain this?
a few things to look at are the previous highs and lows, are there higher highs and higher lows with increased volume day over day? could be looking at an uptrend, or if the chart shows the opposite see if its turning down. if it were as easy as looking at a chart and saying yup money making day then everyone would do it
@@Bidwellz9 good response. thank you
Thank you for this great video!
I’ll add this one thing 📈 price isn’t the only thing that has supply and demand options contracts as well share supply and demand therefore they have levels that need to be met for opportunity
You are among the best I've found on youtube. When I get some money together I'll be joining your premium. Hopefully these free vids can get me there
Hey Carmine, novice here. Do you use level 2
for entries/exits trading SPY? It has crazy
volume plus lots of dark pool transactions
hidden from level 2. Is level 2 a big waste of
time when trading SPY?! Thanks!
I do, but I use all my analysis on /ES
The goat
💪🏽
Do you trade live?
Carmine, Thank you so much, you have changed my life.
With a cash account you still have to wait for funds to settle after trades, 2 to 3 days to have those funds available for trading again.
If you trade options on a cash account, your funds clear same day (depending on some brokers) or next day for all other
great video and explanation!
I 100% agree that you don’t have to scan every morning or trying to find the hot stock. I’ve been much more successful trading literally 2 stocks the past year and usually just 1 of them on any day. For me I only trade Apple and Nvidia options. Both highly liquid and both highly predictable and both affordable. You can do this with Tesla and Alphabet and Amazon but those options are a bit pricey for me. I find it so much easier and I don’t care which way the market is moving. Wish I did this a long time ago. SPY is great to trade but again can get expensive.
you must be a millionaire by now. got it all figured out.
@@ewlincueto I don’t think I said that. All I was saying was that I prefer this strategy compared to scanning for runners. I’ve had much more success trading the same 4 or 5 picks making just 1 trade a day; sometimes 2. It just helps to have a strategy that works for you and then sticking to it.
I think I’m mastered SPY now it’s time to switch to QQQ shouldn’t be too hard being that they have similar movements.
Very nice presentation. Great video. Simply love it.
Im new here what stop losses are you taking on these options?
What about accumulation of wash sales? I know the point is to disallow losses for tax purposes, but is there any other issues that could arise from that?
The only problem you won’t get tax write offs.
Futures trading doesn't have wash sales and profit is also taxed differently.
Your video is very informative. Curious your take on when to get out of a bad trade? 20%, 30%, 40%..... 🤔
If you define it as a bad trade, you should have been out already. Stop loss is always placed where your analysis is incorrect
@@carmine_rosato I understand a traders Analysis can suggest its a good probability but I've read some traders will hold 20% to 50% before cutting their loses due to the possibility of the trade swinging into profitability before the Options expiration. I guess your saying it's up to the traders discretion? 🤔
Carmine, why chart the ES while day trading SPY ? How is it important?
Yeah, at first I was trying to risk $500 first trade. Very bad decision. So I go really cheap until I get a hang of trading then I will scale with confidence.
Great game my man! Thank you, stay blessed!
Why don't you just trade the ES micro contracts?
Sir, you are right on the spot. I appreciate your videos.
This is great info. But the primary factor is entering with precision. Any videos on how to do this???
you definitely read reminisces of a stock operator
Great video!
Iam I better off with weekly Instead of 0DTE contracts?
What broker would you suggest for going to a cash account? do you go over these kind of things in your course?
What broker do you trade with ?
your video are really helpful. Thank you
You are the man!
Quick question on the 1200 contract explanation, do you get the 1200 premium back on top of winning 1600 ?? Serious question