#tradingtips #entry #riskreward 1/5
If price is extended from ema or makes New Highs and you slap the ask, you already skew your risk reward (in case of short you slap bid at new lows)
You have to let entry come to you for best risk reward, find pullback in the trend!

Let’s say you start with 1k and your win rate is 70%. You take 30% profit and 30% loss fixed. End of 100 trades you net around 45k excluding fees.

If your win rate is 60% you end up with 2k.

What’s the lesson? Be selective and keep your win rate high. You’ll win

#driptip

How to ensure win rate is high?

Buy calls at support and puts at resistance

Trade highly liquid names to avoid slippage

Take advantage of breakouts
I’ll suggest just scalp every day

Don’t wait for 30% loss, use time based stop loss. 5m trade didn’t work, get out

#driptip

How to ensure you loose less?

Stop over trading

Stop chasing or FOMO

Stop buying weeklies on Thu

Don’t wait for 30% profit target. If it’s not working, sell for 10%

Stop trading strikes with wide spread

Which setups will work for this strategy?

Find setups with higher ATR and identify a trend 30 min after market open, ride the trend

Find setups with higher relative volume first 30 mins and ride trend

Find setups right at 10m 34-50 EMA and ride trend

#driptip

How to scan with these parameters?

Use finviz
Use trading view
Use thinkorswim (it’s free)

Thread about what I've been doing and what I've found trying to trade options. All of this was inspired by @AdamSliverTrade @drippy2hard @WealthBrah .

First thing I do is find any good traders watchlist. Sometimes they put their triggers other times they don't. For practice sometimes I'll type in "watchlist from:AdamSliverTrade" on twitter to see all of his past watchlists.

Like this:

Then I go to that date in trading view and only look at the past data to draw trend lines and support/resistance levels. So let's take $MU from his 11/30 watchlist and chart it out.

Normally I would look at the monthly candle, weekly, and daily to see if they have any continuity (all red or all green). But I can't really do that with past trades I don't know if the monthly or weekly were red before.

THREAD on @Tradytics
Let me start by saying I do get a small kickback on every referral but I only do this for services I use, trust and love. In the following thread I’ll go over what my favorite features are and how I use them.
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Sign up @ https://t.co/dO4RSNuQfH for 10% off

DARKPOOL:

DP are private exchanges for trading that are not accessible by the investing public. DP came about primarily to facilitate block trading by institutional investors who did not wish to impact the markets with their large orders and obtain worse prices for their trades.

How I use DarkPool with @Tradytics :

Levels. Levels. Levels. I use DarkPool as areas of support/resistance. Ideally I like to find stocks over (calls) or under(puts) large prints. These prints will help keep the stock moving the direction you want. These levels CAN break. See 👇🏼

website puts them on a nice visual graph. This helps get a quick snapshot of the stock price and where that level is with how big it is (in $$). The site gives you sentiment of the print and labels it 🟢 or 🔴

Tradytics DarkPool 2:
You can even scroll down on the site and find more information. It aggregates the prints into a DP levels chart, a graph showing the daily DP amounts and daily sentiment of those prints.