The Bottom Line:
- Clay captures live trades during market open.
- Takes a $20 move but exits due to 50/50 trade feeling.
- Shares perspective on edge and discipline in trading.
- Explains options trading benefits for smaller accounts.
- Recaps trades, showcasing profitable consistency and transparency.
Capturing Live Trades During Market Open
Capturing Live Trades During Market Open
hey it’s Clay at clay charter.com this be a live trade video where I try to capture some of my trades as I play out live Market opens up here in about 2 minutes so I’ll go ahead and pause the recording software for now and I’ll be back at Market open have an order at 2230 here in at 2230 for a put see what it wants to do [Music] here [Music] all right I’m just going to take $20 move there gave it enough time and it’s feeling like I don’t know does it want to get up there and break out I think it’s got a a much higher chance now than when I first got in feel is way more like a 50/50 chance or 50/50 trade right now I don’t like take 50/50 trades I don’t like to take those coin flips um so just going to hop out so basically a failed trade still walking away with $2 but um like I said I’m in here to and I would encourage you to do the same thing is that you know we’re not here to flip coins we’re here to take trades that uh you know we feel as though there was some sort of edge but seems as though the edges disappeared um and felt very 50/50 so like I said just wanted to hop out cu I can always reposition myself um but that white line there was my stop so to be fair I could have still been in but um it’s looking like it’s getting ready to potentially break up through there but all right I’ll go ahead and pause and we’ll see what else I can find and luy there that would have been a cruel cruel move it went up there would have taken me out and then it would have come back down so I feel much better in hindsight about how I play that one cuz boy would I be frustrated I mean it’s going to happen to me again in the future and it will always happenz that’s just part of being a Trader uh is where you get the moves and you’re disciplined and then oh if I would have been undisciplined I would have been okay and that was definitely one of those situations right there you can see pushed up through the the white line and then back although it is already starting to come back up but yeah so that $20 is is starting to feel and look a whole lot better now
Options Trading and Strategy Adjustments
have an order at 1870 [Music] here let’s try 18 instead yeah 18 there we [Music] go all right looking for a put so we’ll see if this can come up a bit more I will pause I should noted that I’m doing options should have mentioned that earlier but um options if you have no idea what they are let me know in the comment section just put guide or option guide and I’ll link you to a free class I put together called the Big Basics of options options are great if you have a smaller account not the reason why you necessarily have to use them not why I do them but uh if you do have a smaller account then I mean they are a great tool for that as they can allow you to get you know access and get involved in a lot of things that um you know other traditional uh ways wouldn’t be able to um I know sometimes they options have a very Advanced or intimidating kind of stereotype with them and they can be made very Advanced don’t get me wrong but they don’t have to be if you appreciate and you know kind of if you enjoy approaching things more simple ways then that’s how I like to approach things too and that’s how I’m you know doing it here and that guide will help you out there so like I said just comment below guide and I will link you to that free class but still watching but uh I’ll pause for now right going to go for a put here at 1750 I’m in at 1750 [Music] adjusting the order here so wanted $100 on that one just took 50 yeah I’m still what I’m watching is this number over here and 1850 yeah that doesn’t mean I would have been filled though I would want to excuse me I didn’t want to see this go up over 1850 like 1870 okay so I would have been okay so in hindsight would have been fine but um little little scary because yeah this is a a seemingly bullish little Trend here um had a tight stop but um it just seemed like it didn’t want to quite budge but it is what it is so instead of $100 on that one got 50 um but I’ll go ahead and pause
Trading Strategies and Adjustments for Better Results
have an order at $1850 oh it’s very close to getting filled let’s try 18 this time yeah 18 all right I’ll pause but I’ll keep a close eye on it okay I have an order at 18850 here and an order at1 1850 in at 1850 and out for $50 there very good I will go ahead and pause have an order at 1450 here nope was close not close enough [Music] though wow if you go back and look at that number right there I believe that was 1450 meaning I was on best bid but just because your best bid does not mean you get filled so that’s just how it goes sometimes you can be almost Precision perfect but Precision perfect sometimes not good enough cuz you won’t get filled all right going to try for a put here at550 got that and got in myself another $50 there very good I hit record didn’t I I did hit record okay I will go ahead and pause have an order at 2070 here okay that’s what I wanted so let’s go to 1950 now pretty big move here see yeah 19950 see if it can work its way up to there I will pause have an order at 970 here for a put I got close for a second I’ll pause okay I’m at 9 what was that wow that that was wild you have to scroll back but that was getting close and then right there all of a sudden it just jumped all right I’ll pause
Taking Advantage of Options Trading Benefits
Using Options Trading to Enhance Trading Strategies
have an order at 1870 [Music] here let’s try 18 instead yeah 18 there we [Music] go all right looking for a put so we’ll see if this can come up a bit more I will pause I should noted that I’m doing options should have mentioned that earlier but um options if you have no idea what they are let me know in the comment section just put guide or option guide and I’ll link you to a free class I put together called the Big Basics of options options are great if you have a smaller account not the reason why you necessarily have to use them not why I do them but uh if you do have a smaller account then I mean they are a great tool for that as they can allow you to get you know access and get involved in a lot of things that um you know other traditional uh ways wouldn’t be able to um I know sometimes they options have a very Advanced or intimidating kind of stereotype with them and they can be made very Advanced don’t get me wrong but they don’t have to be if you appreciate and you know kind of if you enjoy approaching things more simple ways then that’s how I like to approach things too and that guide will help you out there so like I said just comment below guide and I will link you to that free class but still watching but uh I’ll pause for now right going to go for a put here at 1750 I’m in at 1750 [Music] adjusting the order here so wanted $100 on that one just took 50 yeah I’m still what I’m watching is this number over here and 1850 yeah that doesn’t mean I would have been filled though I would want to excuse me I didn’t want to see this go up over 1850 like 1870 okay so I would have been okay so in hindsight would have been fine but um little little scary because yeah this is a a seemingly bullish little Trend here um had a tight stop but um it just seemed like it didn’t want to quite budge but it is what it is so instead of $100 on that one got 50 um but I’ll go ahead and pause
Utilizing Effective Trading Methods for Optimal Results
have an order at $1850 oh it’s very close to getting filled let’s try 18 this time yeah 18 all right I’ll pause but I’ll keep a close eye on it okay I have an order at 18850 here and an order at1 1850 in at 1850 and out for $50 there very good I will go ahead and pause have an order at 1450 here nope was close not close enough [Music] though wow if you go back and look at that number right there I believe that was 1450 meaning I was on best bid but just because your best bid does not mean you get filled so that’s just how it goes sometimes you can be almost Precision perfect but Precision perfect sometimes not good enough cuz you won’t get filled all right going to try for a put here at550 got that and got in myself another $50 there very good I hit record didn’t I I did hit record okay I will go ahead and pause have an order at 2070 here okay that’s what I wanted so let’s go to 1950 now pretty big move here see yeah 19950 see if it can work its way up to there I will pause have an order at 970 here for a put I got close for a second I’ll pause okay I’m at 9 what was that wow that that was wild you have to scroll back but that was getting close and then right there all of a sudden it just jumped all right I’ll pause
Refining Trading Approaches for Better Outcome
Well, I’m going to go ahead and wrap it up um so overall fine day um especially for the time input I’ll I’ll take it a little disappointed was hoping to get filled on a couple of those ones where I was oh so close but didn’t get filled and then that first trade didn’t quite work out where I had to just settle for the $50 when I think I or I think I no $20 and I think I was going for 100 if I remember that one right um but it is what it is sometimes you’ll have days like that where uh you know nothing to complain about but it’s just not quite what you uh had envisioned uh but that’s just the life of a day trader so if you enjoy these live trade videos If you appreciate the transparency just showing things even like this where yeah it was a type of day hit that like but leave a comment down below and again if you want to learn more about options then definitely comment below option guide or guide and I will link you to that free class thanks for watching take care first off thanks so much for watching the entire video real quick before you go I want to invite you to a live webinar web class training workshop online event whatever you want to call it but it will be me live revealing to you what I discovered that has allowed me to transform myself from being an employee to being My Own Boss including how I had only one losing day out of 73 days in total I’m going to cover three keys that have helped me unlock profitable consistency within the markets the first key is super weird but in a productive type of way the second key is super awesome because it quite literally is wired into our DNA as humans making it very easy to use but in a cruel way this becomes a pitfall for many Traders I’ll explain it all though including how to avoid the pitfall that it creates for some and yeah the third key when you hear it sounds way to good way too good to be true but it’s not and I’ll show you how it all works then at the end I open it up for a question and answer session that is again totally live even if you can’t make the live session please still sign up as it will be recorded and you can go back and watch the replay that I will send you click the image on the screen or click the link down in the description box so you can get the date and time and claim your spot which I should note is limited due to the fact that this truly is a live event if you have any questions let me know if not not I’ll be seeing you soon.
Perspective on Edge and Discipline in Trading
Insights on Maintaining Trading Edge and Discipline
As a trader, it’s crucial to maintain your edge and discipline while navigating the market. The decision to exit a trade, even with a small profit or loss, is often influenced by the presence or absence of a clear trading edge. While it may be tempting to stay in a trade that appears uncertain, avoiding 50/50 scenarios or coin-flip trades is advisable. By constantly reassessing the market conditions and ensuring that your trading decisions are based on an identifiable edge, you can enhance your chances of success.
Implementing Effective Options Strategies
Incorporating options trading into your strategy can offer various benefits, especially for traders with smaller accounts. Options provide opportunities to participate in the market in ways that traditional methods may not allow. Despite the perceived complexity of options, a straightforward approach can make them accessible to traders of all levels. Understanding the basics of options and how they can complement your trading style is key to maximizing their potential advantages.
Adapting Trading Methods for Optimal Performance
Successful trading involves continuously refining and adapting your strategies to optimize outcomes. Being adaptable and agile in response to market movements is essential for staying ahead of the curve. Reflecting on your trades, adjusting your approach based on market feedback, and maintaining transparency in your decision-making process can contribute to improving your overall trading performance. Remember that each trading day presents opportunities for learning and growth, regardless of the outcome.
Exploring Strategies for Smaller Accounts
Recognizing Trading Edge and Discipline for Success
As a trader, maintaining a clear edge and discipline is essential in navigating the market successfully. Exiting trades based on identifiable edges rather than engaging in uncertain situations or coin flip trades can significantly impact your trading outcomes. By staying vigilant and ensuring your decisions are backed by a distinct edge, you can increase your likelihood of achieving success.
Utilizing Options Trading for Enhanced Strategies
Integrating options trading into your strategy can be advantageous, particularly for traders with smaller accounts. Options offer unique opportunities to engage in the market that may not be available through more traditional methods. Despite initial complexities associated with options trading, adopting a straightforward approach can make them accessible to traders at all levels. Understanding the fundamentals of options and how they align with your trading style is key to maximizing their benefits.
Adapting Trading Approaches for Improved Performance
Continuously refining and adapting your trading strategies is crucial for optimizing results in the market. Being adaptable and responsive to market fluctuations plays a vital role in staying ahead and improving performance. Reflecting on past trades, adjusting your approach based on market feedback, and maintaining transparency in your decision-making process are all essential components for enhancing overall trading performance. Remember that each trading day presents valuable opportunities for growth and learning, regardless of the specific outcomes.
Showcasing Profits with Consistency and Transparency
Promoting Trading Edge and Discipline for Success
As a trader, it’s essential to uphold a clear edge and discipline while navigating the market. Making decisions based on identifiable edges rather than engaging in uncertain scenarios or coin-flip trades can significantly impact trading outcomes. By remaining vigilant and ensuring that all decisions are supported by a distinct edge, the likelihood of achieving success can be increased.
Utilizing Benefits of Options Trading in Strategies
Incorporating options trading into trading strategies can provide various advantages, especially for traders with smaller accounts. Options offer unique opportunities to participate in the market in ways that traditional methods may not allow. Despite the initial complexity associated with options trading, adopting a straightforward approach can make them accessible to traders at all levels. Understanding the fundamentals of options and aligning them with individual trading styles is crucial for maximizing their benefits.
Adapting Trading Approaches for Improved Performance
Continuously refining and adjusting trading strategies is critical for optimizing results in the market. Being adaptable and responsive to market fluctuations plays a vital role in staying ahead and enhancing performance. Reflecting on past trades, making adjustments based on market feedback, and maintaining transparency in decision-making processes are essential components for improving overall trading performance. Each trading day presents valuable opportunities for growth and learning, regardless of specific outcomes.
