Make 800%-1000% trading options with 1 set-up (everyday)

Michael Esther
03-01 12:36

This set-up is extremely easy to spot every day. This lesson is all you need to start right away. You'll learn:

  • What this set-up is and how to wait for confirmation

  • How to enter and exit the trades

  • 3 GOLDEN RULES TO REMEMBER (for new traders)

First, I will explain the rules of the set-up. You always need to draw your support levels. Only enter when support is proven to hold this means buyers are winning at support. One way to know is the CANDLE needs to close above the level of support to show that bulls are in control. The longer or bigger the time frame the more confirmation it is. The more candles there is closing above the support level the more confirmation and higher probability it will hold. Most new traders are not waiting for confirmation to get in. They are getting in because the price is cheaper and the option premium is lower, but lower doesn't mean better chance of winning.

This you'll always need to remember. 1. This is the premarket LOW at open it becomes resistance then it becomes support. You can see sellers boucne right off of it then buyers step in with volume. This is your entry. Then set a stop loss right under the previous candle where sellers are trapped.

2. Support here is actually the premarket high as market opens, you see a big battle. You don't just get in because you have a gut feeling. You see clear evidence sellers are trying to push down but keep getting trapped and buyers stepping in with a lot of volume right at support. This is your entry.

3. You can clearly see support is holding here and sellers really try to push it down. Notice here before it breaks out the buying volume starts to increase rapidly this is when you know the momentum is picking up and buyers are in control!

4. Here you see the clear level of support on NVDA is breaking down at the $193 level. Once this level of broken we know NVDA is now weak. NEVER just jump into a big IMPULSE candle. Its too fast and too hard to control the price. Wait for to pull back right into support/resistance here at $192.50.

You do not need to buy right at the open. Mastery in trading is waiting for a clear direction in the market, waiting for your key levels to hold, waiting for confirmation that buyers are in control then you take the entry. Once you take the entry 2 things will happen, your target is hit and you sell OR you get stopped out of the trade. You let the probability do its thing, you don't control the trade. Most traders once they get in try to predict the movement then sell too early and because you sell too early you can't be consistent.

If you've read this far. I hope you learned something. Comment "EXIT" or even ask a question about how to exits a trade and I'll share you my rules. I use 2 rules for exits: 1. If I see 2 red candles in a row as its trending up, I will trim my position. 2. If I notice buyers are no longer in control or sentiment has changed. The truth is EXITS is personal you have to do what you are comfortable with.

1. charts 2. trading psychology 3. entries and exits 4. how to behave and master trading! My 3 GOLDEN rules for every new trader: 1. Take only 1-2 trades a day. Your goal is not to take big moves or catch every trade. Your goal is to execute your 1 trading plan each day. 2. Its not the strategy that isnt working, its you. The trader is what is cuasing the strategy to not work. So always buy at support. 3. Spend 90% of your time learning to HOLD to your target. If you aren't holding to your target. You will never be a good trader.

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