Someone called Zed Monopoly has produced a lot of Youtube videos. He is from London and has been daytrading a couple years. He claims to have quit his day job and is now very profitable. This video explains his simple strategy of daytrading:
So he's trading earnings reports of well known Nasdaq companies. He buys the stock during pre-market that he feels will break out positively at the open. He only holds the stock for at most 5 to 10 minutes and then closes the trade out. I think he buys the stock outright in large volumes because he can afford it. Because I only have a small amount I was thinking of trying his strategy on robinhood.com with options. I know RobinHood gives you a recommendation of which option to buy for short term trading. Could anyone tell me if that would be best for me with this strategy or I should pick my own, and if so the best date to use and in the money or out of the money? Thanks.
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Which Robinhood Options Should I use for this strategy?
- Thread starter rwbovee
- Start date
Let's see:
1. Youtube Millionaire
2. Claims to have quit his day job and is now an extremely profitable trader
3. Willing to share his strategy because he's such a generous person
4. Claims a well known strategy (the gap up/down strategy) could achieve 99% profitability
If you believe anything this clown has to say I have a bridge or two to sell you...
1. Youtube Millionaire
2. Claims to have quit his day job and is now an extremely profitable trader
3. Willing to share his strategy because he's such a generous person
4. Claims a well known strategy (the gap up/down strategy) could achieve 99% profitability
If you believe anything this clown has to say I have a bridge or two to sell you...
Someone called Zed Monopoly has produced a lot of Youtube videos. He is from London and has been daytrading a couple years. He claims to have quit his day job and is now very profitable. This video explains his simple strategy of daytrading:So he's trading earnings reports of well known Nasdaq companies. He buys the stock during pre-market that he feels will break out positively at the open. He only holds the stock for at most 5 to 10 minutes and then closes the trade out. I think he buys the stock outright in large volumes because he can afford it. Because I only have a small amount I was thinking of trying his strategy on robinhood.com with options. I know RobinHood gives you a recommendation of which option to buy for short term trading. Could anyone tell me if that would be best for me with this strategy or I should pick my own, and if so the best date to use and in the money or out of the money? Thanks.
If he buys pre-market then you won’t be able to use his strategy because options don’t trade pre-market.
And both stocks and options often spike a little at the open, so if you’d buy at the open you may easily overpay and lose, which is one reason I’m guessing he doesn’t buy at the open.
I just die laughing when I see people come out to share their awesome strategy, for a small fee ( or free)
I wish the hedge fund traders making great returns with controlled risk would share, oh wait... they dont want to share because it would kill their edge???
just something to think about... when everyone knows and trades the same way.. the edge goes bye bye... ( if you dont believe, see how the turtle strategy has been doing lately)
I wish the hedge fund traders making great returns with controlled risk would share, oh wait... they dont want to share because it would kill their edge???
just something to think about... when everyone knows and trades the same way.. the edge goes bye bye... ( if you dont believe, see how the turtle strategy has been doing lately)
I'm no options expert, but since you want to be as close to actual stock and will exit in a few minutes, I would do this with ITM weeklies.
Here is how I would play it:
1. Send MOO (not sure RH allows it but IB does - Robert said not to do it, so strike one against you)
2. Send limit order to close position at a price where 5min move is likely to reach. Or scale out.
3. Be prepared to loose 100% of premium and let the option expire worthless.
Not very good risk to reward. No way you will see close to 90% win rate with stocks, much less with options. Keep searching.
Here is how I would play it:
1. Send MOO (not sure RH allows it but IB does - Robert said not to do it, so strike one against you)
2. Send limit order to close position at a price where 5min move is likely to reach. Or scale out.
3. Be prepared to loose 100% of premium and let the option expire worthless.
Not very good risk to reward. No way you will see close to 90% win rate with stocks, much less with options. Keep searching.