Daytrading with Options and customized technical indicators

From an expectations point of view, it's good to understand the ground realities of Day Trading. Charts are noisy, choppy and what looks great one minute can quickly turn around in the next five minutes. This episode takes an unbiased view in understanding these realities, the Risks and Rewards and Risk control mechanisms that are critical for success with Day Trading, especially with Options

In Day Trading, you need reliable Signals from Charts, you need a methodology or a Trading approach, and must be ready with a Plan of Action if things don't go your way. Getting good reliable signals involves customization of indicators in many cases. This episode takes a deep dive into all of these issues, notably Indicator customization, to provide the best approach to day Trading with Options

Understanding how to customize indicators, and observing how they work is one matter. Putting them all together, and gleaning insightful information when you look at several indicators is another. What information does each indicator provide, how much weightage should be given to each requires applying some analysis. In this episode, two different chart setups are shown with their interpretation

This episode delves into the Nuts and Bolts of Day Trading approaches using Options. How do we select the Option strike price, Expiry series, and what levels of defensive tactics we should be prepared with if things don't go our way. Day Trading can be an intense environment, and for sustained success, we must be ready with these techniques and tactics. Risk management is critical in day trading

Whether a position goes in our favor or against, there are ways to an Edge on the trade. Either to protect profits, or reduce losses and minimize it. This episode looks at an example of how to get this Edge, and has 3 Live trades on SPX, AMZN, and GOOGL. It's easy to manage clear winners, but the key to long term success is to be able to manage the losing trades to come back to breakeven