Aliassmith Beats a "Dead Horse"

[buffalo]

Today on ethereum: market structure broke to new lows at 9 o'clock am. price poked above a lower high at 4793, but didnt hold and continued short after a micro structure break. you traders on kreslik might like crypto, basically just for the charts. ethereum swings almost 1% or more on 4h candles. with minimal leverage yall could kill it in crypto. (not that your arent already)

1192021.png

I've noticed that Dead Horse works like a dream on ButtCoin but cost idiot money to get involved.

Never looked at the others.

have you looked at kucoin or bingbon? unverified exchanges with IMO low spreads.

so in this picture im assuming is a time when multi timeframe confluence helps (chart is eth/usdt 2 minute)
green line: price made low from there then broke above it
blue line: price made new high from there then broke below it

confused by what happened in between those lines, maybe since its near the open of the daily candle just stay away.

opinions/advice that pertain to this are welcome

11920212.png (60.35 KiB) Viewed 2438 times

[aliassmith]

TSLA
picked the $1040 strike when current price was $1022ish
About 100% return on capital $20 per share.

[aliassmith]

If you take those 5 one hundred dollar bills and YOLO the option trades I've shown here you would have about $7,000.

More conservative approach and larger account would be 40%ish.

Options have some variety of uses and risk models.

That was fun to put some food for thought out there.
Options are more than they appear to be if you take a deeper look.

When I first started options i gave up because I had a hard time picking the right strike. Days to expiration, and times to buy. With further study it become clear.

Time to get this back to a forex thread.

[aliassmith]

GBPUSD M1
In at top line out at the lower arrow.
Dumb luck i didnt pay attention to the news

Well i expected it to go down, but I did know the news was happening.

[judokamak]

@aliassmith Forgive me if this was asked before, but do you have any recommendations about from where to learn
about options....books,sites,yt ? It looks like options could save me a lot of time.

[aliassmith]

@aliassmith Forgive me if this was asked before, but do you have any recommendations about from where to learn
about options....books,sites,yt ? It looks like options could save me a lot of time.

What does save you a lot of time mean?

As for info:

Youtube is a good source for basic options information.
Options Millionaire is good sight for info and trading.
SMB Captial has good options info
Clay Trader has a few videos with info and scalping Tesla
https://www.optionseducation.org
Your Broker might have an education section

Once you learn the info you will still have to develop a strategy that works for you . I recommend starting with 1 option or spread at a time no matter how much capital you have.

[judokamak]

@aliassmith Forgive me if this was asked before, but do you have any recommendations about from where to learn
about options....books,sites,yt ? It looks like options could save me a lot of time.

What does save you a lot of time mean?

As for info:

Youtube is a good source for basic options information.
Options Millionaire is good sight for info and trading.
SMB Captial has good options info
Clay Trader has a few videos with info and scalping Tesla
https://www.optionseducation.org
Your Broker might have an education section

Once you learn the info you will still have to develop a strategy that works for you . I recommend starting with 1 option or spread at a time no matter how much capital you have.

Less chart time for the same profit......I'm just speculating here.


Thanks for suggestions, will look into it.

[aliassmith]

@aliassmith Forgive me if this was asked before, but do you have any recommendations about from where to learn
about options....books,sites,yt ? It looks like options could save me a lot of time.

What does save you a lot of time mean?

As for info:

Youtube is a good source for basic options information.
Options Millionaire is good sight for info and trading.
SMB Captial has good options info
Clay Trader has a few videos with info and scalping Tesla
https://www.optionseducation.org
Your Broker might have an education section

Once you learn the info you will still have to develop a strategy that works for you . I recommend starting with 1 option or spread at a time no matter how much capital you have.

I forgot to add:
Tastytrade. https://www.tastytrade.com
They are also on youtube I believe.

This next site needs a disclaimer:
I love watching Leo!
So Leo does swear sometimes and if you find women's bare skin offensive then you should pass. I am also not going to say if he is full of s**t or not, but I learned some things watching his vids. I actually built my methods off of him the most.

https://youtube.com/c/13MarketMoves

I am not affiliated with anything I recommended. They all have worthwhile free information in my opinion and I am not suggesting you buy anything from them.

[aliassmith]

@aliassmith Forgive me if this was asked before, but do you have any recommendations about from where to learn
about options....books,sites,yt ? It looks like options could save me a lot of time.

What does save you a lot of time mean?

As for info:

Youtube is a good source for basic options information.
Options Millionaire is good sight for info and trading.
SMB Captial has good options info
Clay Trader has a few videos with info and scalping Tesla
https://www.optionseducation.org
Your Broker might have an education section

Once you learn the info you will still have to develop a strategy that works for you . I recommend starting with 1 option or spread at a time no matter how much capital you have.

Less chart time for the same profit......I'm just speculating here.


Thanks for suggestions, will look into it.

IMO the charts and fundamentals are the beginning of the journey then you use the tools (options) to take advantage of your analysis.

Also I posted again with 2 more suggestions

[judokamak]

What does save you a lot of time mean?

As for info:

Youtube is a good source for basic options information.
Options Millionaire is good sight for info and trading.
SMB Captial has good options info
Clay Trader has a few videos with info and scalping Tesla
https://www.optionseducation.org
Your Broker might have an education section

Once you learn the info you will still have to develop a strategy that works for you . I recommend starting with 1 option or spread at a time no matter how much capital you have.

Less chart time for the same profit......I'm just speculating here.


Thanks for suggestions, will look into it.

IMO the charts and fundamentals are the beginning of the journey then you use the tools (options) to take advantage of your analysis.

Also I posted again with 2 more suggestions

Of course. I wanted to learn about options back than when MO mentioned he trades them and recommended a book. I took note back than, but
didn't come around to actually do it. Now i could use something new to work on and you reminded me.
Thanks again for all the help!