Thank you for the share Tyga + rep!
thanks tyga. now i can invest all the money i'll make in IM and blow it on the stock market. haha just kidding :P. i'm sure it will be an interesting read. appreciate it. max reps given.
mirror:
Code:
http://www37.zippyshare.com/v/ar7TIthl/file.html
(05-02-2016 01:05 AM)aashian Wrote: [ -> ]thanks tyga. now i can invest all the money i'll make in IM and blow it on the stock market. haha just kidding :P. i'm sure it will be an interesting read. appreciate it. max reps given.
mirror:
Code:
http://www37.zippyshare.com/v/ar7TIthl/file.html
Multiple income streams my friend!
Is there a good guide on options basics and also some website to practice test trading?
I trade options every day and only buy calls and puts. Learn the basics by simply reading what you can find online until it gets repetitious. These two guides/reports that this post is about is also good. You do not have to purchase an options volume/open interest screener. You can get this information from Yahoo Finance and or BarChart.
Then head on over to:
Code:
http://www.trackntrade.com/stocks/
Download the trial version of Track'n Trade Stocks. *NOTE: This is a 14 day trial version with callback to their server. No way to UNINSTALL IT and REINSTALL IT and start all over again. I've even used Revo Uninstaller with no luck. Can't even use a different email address because it tags your CPU and knows it was already installed. Having said that? You can email Track'n Trade support and get them to give you another 14 days trial for free. I only mention this because that's what I did and managed to use the software to make MORE than enough to buy the software.
Watch all the video tutorials FIRST before running Track'n Trade and using it because once you start using it, it runs out i.e., you need a trading account to trade options beforehand.
I recommend TD Ameritrade because of the thinkorswim platform. In fact? You may want to download thinkorswim first and learn how to use it... There is a slight learning curve but there are plenty of options tutorials on YouTube you can watch. I've downloaded and tested all the platforms out there and while there are certainly some very good ones like TC2000 or eSignal, thinkorswim is every bit as good and it's FREE. Plus, you can do papertrading with it right away to see how it works which I highly recommend you do.
Anyway... Back to Track'n Trade...
I was using Track'n Trade for simple daytrading (and still do) i.e., using the Bulls and Bears indicator to tell me when a stock is trending bullish.
I also use the KST indicator combined with Bulls and Bears and I've found using these two indicators together has improved both my daytrading and options trading for simple calls and puts tremendously.
When using the KST line, I only look for bullish, optionable stocks where the KST line is soaring UPWARD on the daily chart at at least a 45 degree angle or higher. You also want to see the Bulls and Bears indicator having kicked in at least a month prior so you can keep riding the trend upward.
Very simple and it's been working for me on a daily basis since January.
If you have questions, just ask.
Good luck!
jack
(05-05-2016 08:30 AM)jackpinion Wrote: [ -> ]I trade options every day and only buy calls and puts. Learn the basics by simply reading what you can find online until it gets repetitious. These two guides/reports that this post is about is also good. You do not have to purchase an options volume/open interest screener. You can get this information from Yahoo Finance and or BarChart.
Then head on over to:
Code:
http://www.trackntrade.com/stocks/
Download the trial version of Track'n Trade Stocks. *NOTE: This is a 14 day trial version with callback to their server. No way to UNINSTALL IT and REINSTALL IT and start all over again. I've even used Revo Uninstaller with no luck. Can't even use a different email address because it tags your CPU and knows it was already installed. Having said that? You can email Track'n Trade support and get them to give you another 14 days trial for free. I only mention this because that's what I did and managed to use the software to make MORE than enough to buy the software.
Watch all the video tutorials FIRST before running Track'n Trade and using it because once you start using it, it runs out i.e., you need a trading account to trade options beforehand.
I recommend TD Ameritrade because of the thinkorswim platform. In fact? You may want to download thinkorswim first and learn how to use it... There is a slight learning curve but there are plenty of options tutorials on YouTube you can watch. I've downloaded and tested all the platforms out there and while there are certainly some very good ones like TC2000 or eSignal, thinkorswim is every bit as good and it's FREE. Plus, you can do papertrading with it right away to see how it works which I highly recommend you do.
Anyway... Back to Track'n Trade...
I was using Track'n Trade for simple daytrading (and still do) i.e., using the Bulls and Bears indicator to tell me when a stock is trending bullish.
I also use the KST indicator combined with Bulls and Bears and I've found using these two indicators together has improved both my daytrading and options trading for simple calls and puts tremendously.
When using the KST line, I only look for bullish, optionable stocks where the KST line is soaring UPWARD on the daily chart at at least a 45 degree angle or higher. You also want to see the Bulls and Bears indicator having kicked in at least a month prior so you can keep riding the trend upward.
Very simple and it's been working for me on a daily basis since January.
If you have questions, just ask.
Good luck!
jack
Great stuff, good to see some fellow traders on BBHF. Thanks for sharing! My strategy is a little less technical and not indicator based. I usually just look for 2 Setups: 1. A reversal in trend and 2. Stock moving out of consolidation looking to break out. I use the unusual order flow to help me time my entries and confirm the move.
Great stuff here!
Bookmarked
