🚨🚨 Everybody, Welcome back to my channel! In this tutorial video, I teach you how to EXECUTE trades with OPTIONS on ThinkorSwim, I share my CUSTOMIZED option chain on ThinkorSwim, WHILE explaining HOW the OPTION GREEKS affect the PRICE of the CALL and PUT CONTRACTS. For the sake of SIMPLICITY, these are the Greek variables I use. IF YOU ARE A BEGINNER, Skipping around is HIGHLY HIGHLY HIGHLY NOT RECOMMENDED. You will be doing yourself a Great DISSERVICE.
LIKE & SUBSCRIBE & Hit that notification 🔔 | IT HELPS SPREAD THE KNOWLEDGE TO MORE PEOPLE 🤝🏽
Sincerely,
Paul N'Gumah, CEO & Founder of Patternology Lab
If you have any comments or questions, Don't Be Shy! COMMENT below and I will respond or make a video!
Things to know as a Beginner:
♦ Option Contracts that are IN-OF-THE-MONEY are colored in BLUE on the ThinkorSwim option chain.
♦ Option Contracts that are OUT-OF-THE-MONEY are colored in BLACK on the ThinkorSwim option chain.
♦ ALL OUT-OF-THE-MONEY Contracts become WORTHLESS at market close on the EXPIRATION DATE.
Follow us for daily posts and updates on:
Instagram: https://www.instagram.com/patternologylab/
Instagram: https://www.instagram.com/paulngumah/
Twitter: https://www.twitter.com/patternologylab/
Twitter: https://www.twitter.com/paulngumah/
Tiktok: @paulngumah
GETTING STARTED? Here are the steps:
1. Get a free stock on Robinhood for signing up: http://join.robinhood.com/ihemen
2. Get 2 FREE stocks, one valued from $12-$1400 on: https://act.webull.com/i/DhnjMAE6sdCd/edz/
3. To open an account at TD Ameritrade, use the link:
https://start.tdameritrade.com/select ➡ Then choose Individual Brokerage (under “Most Common”)
4. To Download Thinkorswim: use the link
https://www.tdameritrade.com/tools-and-platforms/thinkorswim/download-thinkorswim-desktop.page
MY FAVORITE DAY TRADING BOOK
📚 https://amzn.to/2YY1LU1
My Studio Equipment:
🎤: https://amzn.to/2NQFu4g
📸: https://amzn.to/38t1Cek
💻: https://amzn.to/3eZDuCP
🖥: https://amzn.to/2YZZDeJ
Trading Desk: https://amzn.to/2YVCBW8
PATTERNOLOGY LAB was founded to specifically provide educational content on Technical Analysis, candlestick patterns, and price action. This channel features the thought process prior to taking trades. My best practices along with my mistakes are shared to help you grow. WE DO NOT GAMBLE! EVER!
DISCLAIMER AND WARNING
In all financial markets, the opportunity to make money comes with a risk that must not be neglected. Always stay aware of the risks and be willing to accept them. Never trade with money that you cannot afford to lose. We are not your financial or investment advisors. We cannot and will not be held liable for any actions you take as a result of our opinions and the content in this channel, any of its social media platforms, or websites. The information provided on this channel and on its social media platforms is purely for informational purposes only, and they are meant to be taken as opinions. Always stay skeptical and do your own research before participating in the financial markets. Nothing in this channel are recommendations, all the content provided are our humble opinions only. The performance of chart/candlestick patterns discussed on this channel is not necessarily indicative of future results. Technical analyses are not absolute and are prone to change due to future market events. Investing in any market is very risky and the risk for significant losses is substantial.
For more knowledge on Finance, Business, and Money: investing tips 2020, safe stocks 2020, long term investing, long term stocks 2020, safe stocks to buy now, put options, options trading 2020, options trading strategies, robinhood investing 2020, wallstreet, financial education, trading patterns, graham stephan, best robinhood stocks 2020, value stocks, growth stocks, best stocks to buy 2020, swing trades, top stocks 2020, top stocks to buy 2020, penny stocks 2020, best penny stocks to buy, financial education, how to invest 2020, my stock portfolio, millionaire portfolio, financial education, positive investing , andrei jikh, ale's world of stocks, Dave lee, jj Buckner, nate o'brien, Ryan scribner, zip trader, stock market 101, stock market for beginners, stock market crash, stock market today, stock market news, stocks to invest in 2020, stock trading for beginners, swing trading 2020, humbled trader, swing trading for beginners, Elon Musk Tesla, best stocks to buy right now, best stocks to invest 2020 robinhood, webull, best stock apps 2020, top stocks to buy now 2020 best stocks under $5, best cheap stocks, top stocks July 2020, best cheap stocks to buy, top cheap stocks to buy, stock market for dummies, ricky gutierrez stock market explained, stocks to watch, penny stock investing, penny stock investing 2021, penny stocks for beginners, penny stocks may 2020, penny stocks June 2020, penny stocks July 2020, penny stocks trading.
LIKE & SUBSCRIBE & Hit that notification 🔔 | IT HELPS SPREAD THE KNOWLEDGE TO MORE PEOPLE 🤝🏽
Sincerely,
Paul N'Gumah, CEO & Founder of Patternology Lab
If you have any comments or questions, Don't Be Shy! COMMENT below and I will respond or make a video!
Things to know as a Beginner:
♦ Option Contracts that are IN-OF-THE-MONEY are colored in BLUE on the ThinkorSwim option chain.
♦ Option Contracts that are OUT-OF-THE-MONEY are colored in BLACK on the ThinkorSwim option chain.
♦ ALL OUT-OF-THE-MONEY Contracts become WORTHLESS at market close on the EXPIRATION DATE.
Follow us for daily posts and updates on:
Instagram: https://www.instagram.com/patternologylab/
Instagram: https://www.instagram.com/paulngumah/
Twitter: https://www.twitter.com/patternologylab/
Twitter: https://www.twitter.com/paulngumah/
Tiktok: @paulngumah
GETTING STARTED? Here are the steps:
1. Get a free stock on Robinhood for signing up: http://join.robinhood.com/ihemen
2. Get 2 FREE stocks, one valued from $12-$1400 on: https://act.webull.com/i/DhnjMAE6sdCd/edz/
3. To open an account at TD Ameritrade, use the link:
https://start.tdameritrade.com/select ➡ Then choose Individual Brokerage (under “Most Common”)
4. To Download Thinkorswim: use the link
https://www.tdameritrade.com/tools-and-platforms/thinkorswim/download-thinkorswim-desktop.page
MY FAVORITE DAY TRADING BOOK
📚 https://amzn.to/2YY1LU1
My Studio Equipment:
🎤: https://amzn.to/2NQFu4g
📸: https://amzn.to/38t1Cek
💻: https://amzn.to/3eZDuCP
🖥: https://amzn.to/2YZZDeJ
Trading Desk: https://amzn.to/2YVCBW8
PATTERNOLOGY LAB was founded to specifically provide educational content on Technical Analysis, candlestick patterns, and price action. This channel features the thought process prior to taking trades. My best practices along with my mistakes are shared to help you grow. WE DO NOT GAMBLE! EVER!
DISCLAIMER AND WARNING
In all financial markets, the opportunity to make money comes with a risk that must not be neglected. Always stay aware of the risks and be willing to accept them. Never trade with money that you cannot afford to lose. We are not your financial or investment advisors. We cannot and will not be held liable for any actions you take as a result of our opinions and the content in this channel, any of its social media platforms, or websites. The information provided on this channel and on its social media platforms is purely for informational purposes only, and they are meant to be taken as opinions. Always stay skeptical and do your own research before participating in the financial markets. Nothing in this channel are recommendations, all the content provided are our humble opinions only. The performance of chart/candlestick patterns discussed on this channel is not necessarily indicative of future results. Technical analyses are not absolute and are prone to change due to future market events. Investing in any market is very risky and the risk for significant losses is substantial.
For more knowledge on Finance, Business, and Money: investing tips 2020, safe stocks 2020, long term investing, long term stocks 2020, safe stocks to buy now, put options, options trading 2020, options trading strategies, robinhood investing 2020, wallstreet, financial education, trading patterns, graham stephan, best robinhood stocks 2020, value stocks, growth stocks, best stocks to buy 2020, swing trades, top stocks 2020, top stocks to buy 2020, penny stocks 2020, best penny stocks to buy, financial education, how to invest 2020, my stock portfolio, millionaire portfolio, financial education, positive investing , andrei jikh, ale's world of stocks, Dave lee, jj Buckner, nate o'brien, Ryan scribner, zip trader, stock market 101, stock market for beginners, stock market crash, stock market today, stock market news, stocks to invest in 2020, stock trading for beginners, swing trading 2020, humbled trader, swing trading for beginners, Elon Musk Tesla, best stocks to buy right now, best stocks to invest 2020 robinhood, webull, best stock apps 2020, top stocks to buy now 2020 best stocks under $5, best cheap stocks, top stocks July 2020, best cheap stocks to buy, top cheap stocks to buy, stock market for dummies, ricky gutierrez stock market explained, stocks to watch, penny stock investing, penny stock investing 2021, penny stocks for beginners, penny stocks may 2020, penny stocks June 2020, penny stocks July 2020, penny stocks trading.
Nice Video, simple approach, well done.
Thank you so much for this video. I really appreciate the options chain set up. What do you use the level two box for? Do you use active trader?
I am enjoy your video and apricated you showing how to set thinkorSwim to follow behind you, but I did not see how you set this one up screen you showing.
This video is the simplest and most beneficial option guides. Thank you
This is perfect video for beginners. Are you still using same layouts in option chain tab? What is Theo Price for?
Man l love your training
I honestly think TD is better than webull and robinhood. TD gives you more information which helps your prediction
What is the strike price do you like to buy PUTS?
Hi Paul, I am new to your channel. I am just leaning to trade patterns. I like how you use options the trade patterns instead of selling or shorting the stock it's self. How do you determine which contract to buy or sell? I am hopping to learn a lot from you. Thanks for the videos.
DO YOU TRADE NASDAQ LOW FLOAT STOCKS OR OTC's? THIS IS ALL I KNOW. I KNOW NOTHING ABOUT OPTION OR FOREX TRADING. PERSONALLY; I NEED HANDS ON TRAINING FOR WHICH I'M A FAST LEARNER.
I JUST NEED SOMEONE TO SLAP ME UPSIDE MY HEAD TO STAY ON TOP OF THINGS. NEVERTHELESS THOUGH; I'M STILL MAKING MONEY ON WHAT I KNOW BEST, FOR I'M SURGICAL WITH THIS S*** (NASDAQ LOW FLOATS AND OTC); BUT I'M EAGER TO LEARN ABOUT OPTIONS MAINLY.
NOW I CAN TREAT OPTIONS LIKE A REGULAR DAY TRADING STOCK; ALTHOUGH THE PREMIUMS ARE NULL N VOID, BUT I NEED TO KNOW WHAT THE HELL I'M DOING.
BY THE WAY BRO; MY GOVERNMENT IS PAUL AS WELL.
Okay Ive found the video you recommended to me. I hope it helps !
Please clarify my doubt bro, for example we take EURUSD, on a particular price, 10 buyer and 10 sellers bids each 1$, at the same price point if I buy for 100$, will it lead to make loss for all the buyers
Hey Paul, I asked a question on why you use options instead of buying the stocks outright, and asked for a video explaining how you choose your options to trade. I think this is the one you referred me to. But (if i'm doing my quick math correct) You don't actually make more money than buying outright you just use less money overall on the options, but up the risk some to make the same overall profit. So on you're first trade here you only need $700 to get it done, instead of the $10k you would need to buy the stocks outright. But profit on both is the same, yet risk is higher for the option. But the trade off of more overall risk is that you use less money to buy the options. Is this correct?
wassup man how long do I keep the options close to expiration
Great video Paul. You "DELTA' and "THETA" explanation was very easy to grasp. I am looking forward to more of your videos. Thank you.
Great video. I use Robinhood to make the actual trades but use ThinkorSwim to compare and monitor my contracts. Works pretty well.
My friend how did you add the up and down arrows to the charts? Thanks. Great video.