Duration 15:50

4 Simple Technical Analysis Hacks That Work Extremely Well in Option Trading

Published 31 Jul 2020

4 Simple Technical Analysis Hacks That Work Extremely Well in Option Trading 💰 Join my Patreon to get access to all my Live Trade Alerts, Open Orders and Weekly Top 5 Stocks: https://www.patreon.com/mylifeoflearning 🔔 Subscribe for free stock and option trading tips: /channel/UCeUPN22CHOgoDTZ4QfOjxHw ⏰Chapters ⏰ 0:00 Intro 3:04 Technical Analysis Volume 5:16 Technical Analysis Candle Sticks 6:55 Technical Analysis Moving Average 10:37 Technical Analysis Channel (My Favorite Tool!) I show you why. 📕 Get a copy of my eBook "New Beginnings: The Option Trading Story" https://www.patreon.com/mylifeoflearning/shop/153029?showEditSuccessToast=true 📕 🔴 OPTION TRADING Monthly CASHFLOW Playlist: /playlist/PL3j38I2YtGw0W9xSkNpaOw73OmuEA5xf9 🔴 HOW to TRADE OPTIONS Playlist: /playlist/PL3j38I2YtGw0iADFHZOLZpECYD05JJxLN 🔴 WATCH NEXT: /playlist/PL3j38I2YtGw0B_XoxfODxNuHU_Ye6kq-E Website: http://mylifeoflearning.com/index.html Facebook: https://www.facebook.com/jamiston.queens.5 Instagram: https://www.instagram.com/mylifeoflearning_/ #technicalanalysis #howdoyoutradeusingtechnicalanalysis #optiontradingforbeginnersstepbystep Today I will share with you a 4 simple Technical Analysis tools I use to sell put options and covered call options on dividend stocks that put massive cash flow in my pocket every month & improve the odds of winning my option trades. Technical analysis can help you make better trading decisions. Over the past few videos I have been talking about a position I have been trading in Kraft Heinz. It is a company that has been really beaten down and I have been waiting to put on a full short Put position until technical analysis gave me the green light. This week that happened. Technical Analysis Tool #1: Volume - How can we use volume to be on the right side of trades? Let’s look at the chart of Kraft Heinz and see. Technical Analysis Tool #2: The actual candlesticks on the stock chart itself. What can the candle sticks tell us? Technical Analysis Tool #3: Moving averages. What is a moving average and how can an option and stock trader use moving averages to be a better more profitable option and stock trader? Technical Analysis Tool #4: My Favorite tool is channels. Let me show you how they make trading decisions so quick and easy. By using these technical analysis tools, you can have a continual supply of good companies to sell put options and covered call options on that will keep your pockets full of cash. In this video we will answer the following questions: How can you use technical analysis for option trading? What are the best technical indicators and tools for option trading? What are the best technical analysis patterns for stock and option trading? 🍹BOAT DRINK MONEY DONATIONS🍹 PAYPAL: https://www.paypal.com/paypalme/randallperez1 Disclaimer: I am not a financial planner and am not offering investment advice. This is an opinion channel only and should not be taken as any form of financial advice. The ideas and strategies that I discuss should never be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional. There are financial risks involved in taking on any monetary transaction that I discuss in my videos. I may receive a small commission from the purchase of any item from using the links listed above. AFFILIATE DISCLOSURE: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons. COPYRIGHT: All My Life of Learning's videos, Excel files, guides, and other content are (c) Copyright My Life of Learning.

Category Education

Show more

Comments - 62
  • @
    @StockandOptionMyLifeOfLearning4 years ago ►► AVAILABLE NOW! Limited to the FIRST 100 people, get my brand new online Option Trading course (Intermediate option trading) for $497. Regular price is $997. Here is the link to check it out:
    Subscribe to this Channel:
    Join my PATREON and get access to my WEEKLY TOP 5 STOCKS, DAILY TRADES & more Awesome Extras:
    Beginnings: The Option Trading Story
    Facebook:
    Website:
    ...
    1
  • @
    @masoudmokhtari89972 years ago Thanks Randy. I started trading on OCTOBER 2021, and I faced several market colapses due to increasing the interest rate, Omicron, Ukrain war 😞, and because of that I lost a lot of money. Today I spent hours watching your videos, I learned today more than whatever I learned since I started trading. I wish I saw your channel much sooner. Although English is not my first language, I could understand very well since you explain very simply. Thank you so much. ... 2
  • @
    @roberte.bainesjr.7164last year I just signed up for the patreon community. I look forward to earing 15%+/y w/my account. 1
  • @
    @susanrutherford2046last year What charting program do you use? When you are looking at Daily, how many days do you look at, meaning, daily covering 1 month, 3 months or YTD and the same question on weekly? 2
  • @
    @NathanHQ4 years ago hey man..just found your channel 🙂always good to learn more about technical analysis. thanks for sharing ...Like 4 👊🙂 1
  • @
    @carritahkucherro10822 years ago Hi Randy, I read in an earlier comment that your style of option trading, is also known as the wheel strategy. I am new to options trading, so selling cash secured puts, covered calls sounds like the wheel strategy. however, your technical analysis gives entry and exit points, how would you figure that out on a wheel strategy? Is this a modified wheel strategy, based on your personal preferences?
    2nd question: Are there more in depth videos inside your membership? Or are all of the videos right here on youtube?
    Last but not least, I really appreciate all of the effort you are putting into this options group that you are creating, and you have made it affordable for people starting out. I am not seeing a spreadsheet with total transparency from other systems sellers which makes it clear that you are helping us, and getting paid along the way. It is a lot of work what you are doing, you should earn something for your time!
    ...
    1
  • @
    @nicobrancato82303 years ago Great Video! What software were you using to see the moving averages? 1
  • @
    @frontpineapple44893 years ago Hi Randy, thanks for this awesome video. I have been trying to figure out something and hope you can help. How to avoid missing out or capture more gain on selling calls if the stock decided to break out big time from the channel? ... 2
  • @
    @rbtabbott67403 years ago Love your content Randy. Quick question--which specific "channel" indicator do you use? Yahoo Finance has a Keltner Channel (where you specify parameters of "period" and "shift") as well as a Donchian channel (where you specify a "high period" and a "low period"). Merrill-Edge has a "Price Channel" indicator (where you specify "period", which is defaulted to 20). If you use one of the Yahoo Finance "channels", do you use the default parameters? Thanks! ... 1
  • @
    @justinyijiha2 years ago Could you share how to set up the trend channel in IB TWS? 1
  • @
    @lc9991x3 years ago Like the video. I know it’s old, but I’m wondering if using this risk mitigation to sell a put like at allows you to sell at a higher delta than you may normally. If the option you sold is still under .3, is it worth taking the time on the analysis? Thanks for your knowledge and for your thoughts on this ... 1
  • @
    @luckyluke65833 years ago I'm new to trading, trying to learn so I can start day trading. Glad I stumbled on this video gonna watch your other videos later. Any tip on where to paper trade? 1
  • @
    @867530919743 years ago Enjoying your videos! I'm limited with my TOS account but waiting for my tasty works account to fund so I can do more spreads. What strategies did you use when the $hit the fan this spring...or do I need to just go back and watch those videos...thx ... 1
  • @
    @ap_00113 years ago Selling put during uptrend makes sense and there's a bit more room for selecting the strike price, but how do you select a strike for selling call in an uptrend, especially weekly (and do you even recommend weeklies? ) I am more into weekly selling and it becomes very difficult to select a strike with a good R/R. More often than not, I have to play very safe but that doesn't get me a good premium. From what I get watching your video, weeklies are mostly gambling and technical analysis may or may not work compared to monthlies ? ... 2
  • @
    @mybaggss2 years ago Randy do you write options with the majority of your portfolio instead of holding positions in individual stocks/index funds/etfs ? 1
  • @
    @alexkochergin30812 years ago I'm currently using Robinhood but I'm not sure if it's safe to do so. What broker are you using? 1
  • @
    @snc42782 years ago Your content is good but I’d like to know where you learned technical analysis? Is there a reputable class for chart reading and technical analysis? 1
  • @
    @ralphm9233 years ago Hi Randy, How do you calculate the annualized COC return? 1
  • @
    @edbrandt89723 years ago Would Bollinger Bands provide similar analysis as channels? 1
  • @
    @StockandOptionMyLifeOfLearning4 years ago ►► AVAILABLE NOW! Limited to the FIRST 100 people, get my brand new online Option Trading course (Intermediate option trading) for $497. Regular price is $997. Here is the link to check it out:
    Subscribe to this Channel:
    Join my PATREON and get access to my WEEKLY TOP 5 STOCKS, DAILY TRADES & more Awesome Extras:
    Beginnings: The Option Trading Story
    Facebook:
    Website:
    ...
    1
  • @
    @masoudmokhtari89972 years ago Thanks Randy. I started trading on OCTOBER 2021, and I faced several market colapses due to increasing the interest rate, Omicron, Ukrain war 😞, and because of that I lost a lot of money. Today I spent hours watching your videos, I learned today more than whatever I learned since I started trading. I wish I saw your channel much sooner. Although English is not my first language, I could understand very well since you explain very simply. Thank you so much. ... 2
  • @
    @roberte.bainesjr.7164last year I just signed up for the patreon community. I look forward to earing 15%+/y w/my account. 1
  • @
    @susanrutherford2046last year What charting program do you use? When you are looking at Daily, how many days do you look at, meaning, daily covering 1 month, 3 months or YTD and the same question on weekly? 2
  • @
    @NathanHQ4 years ago hey man..just found your channel 🙂always good to learn more about technical analysis. thanks for sharing ...Like 4 👊🙂 1
  • @
    @carritahkucherro10822 years ago Hi Randy, I read in an earlier comment that your style of option trading, is also known as the wheel strategy. I am new to options trading, so selling cash secured puts, covered calls sounds like the wheel strategy. however, your technical analysis gives entry and exit points, how would you figure that out on a wheel strategy? Is this a modified wheel strategy, based on your personal preferences?
    2nd question: Are there more in depth videos inside your membership? Or are all of the videos right here on youtube?
    Last but not least, I really appreciate all of the effort you are putting into this options group that you are creating, and you have made it affordable for people starting out. I am not seeing a spreadsheet with total transparency from other systems sellers which makes it clear that you are helping us, and getting paid along the way. It is a lot of work what you are doing, you should earn something for your time!
    ...
    1
  • @
    @nicobrancato82303 years ago Great Video! What software were you using to see the moving averages? 1
  • @
    @frontpineapple44893 years ago Hi Randy, thanks for this awesome video. I have been trying to figure out something and hope you can help. How to avoid missing out or capture more gain on selling calls if the stock decided to break out big time from the channel? ... 2
  • @
    @rbtabbott67403 years ago Love your content Randy. Quick question--which specific "channel" indicator do you use? Yahoo Finance has a Keltner Channel (where you specify parameters of "period" and "shift") as well as a Donchian channel (where you specify a "high period" and a "low period"). Merrill-Edge has a "Price Channel" indicator (where you specify "period", which is defaulted to 20). If you use one of the Yahoo Finance "channels", do you use the default parameters? Thanks! ... 1
  • @
    @justinyijiha2 years ago Could you share how to set up the trend channel in IB TWS? 1
  • @
    @lc9991x3 years ago Like the video. I know it’s old, but I’m wondering if using this risk mitigation to sell a put like at allows you to sell at a higher delta than you may normally. If the option you sold is still under .3, is it worth taking the time on the analysis? Thanks for your knowledge and for your thoughts on this ... 1
  • @
    @luckyluke65833 years ago I'm new to trading, trying to learn so I can start day trading. Glad I stumbled on this video gonna watch your other videos later. Any tip on where to paper trade? 1
  • @
    @867530919743 years ago Enjoying your videos! I'm limited with my TOS account but waiting for my tasty works account to fund so I can do more spreads. What strategies did you use when the $hit the fan this spring...or do I need to just go back and watch those videos...thx ... 1
  • @
    @ap_00113 years ago Selling put during uptrend makes sense and there's a bit more room for selecting the strike price, but how do you select a strike for selling call in an uptrend, especially weekly (and do you even recommend weeklies? ) I am more into weekly selling and it becomes very difficult to select a strike with a good R/R. More often than not, I have to play very safe but that doesn't get me a good premium. From what I get watching your video, weeklies are mostly gambling and technical analysis may or may not work compared to monthlies ? ... 2
  • @
    @mybaggss2 years ago Randy do you write options with the majority of your portfolio instead of holding positions in individual stocks/index funds/etfs ? 1
  • @
    @alexkochergin30812 years ago I'm currently using Robinhood but I'm not sure if it's safe to do so. What broker are you using? 1
  • @
    @snc42782 years ago Your content is good but I’d like to know where you learned technical analysis? Is there a reputable class for chart reading and technical analysis? 1
  • @
    @ralphm9233 years ago Hi Randy, How do you calculate the annualized COC return? 1
  • @
    @edbrandt89723 years ago Would Bollinger Bands provide similar analysis as channels? 1