ShadowTrader Weekend Edition | April 27 2024
2024 ж. 17 Мам.
10 879 Рет қаралды
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I appreciate the structure of the update. Thanks.
Thanks, as always, for your insight!
Thanks Peter. Your weekly video is outstanding. I am very happy you were able to bring it back to the table. It has helped me over the years to understand the market better for short term and long term trends. You are always on target in your analysis. Thanks
Thank you Peter. I'm so glad these weekly updates are back.❤
Great to have you back Peter! Your weekend videos truly are the mainstays of what I look forward to, thank you and good weekend to you!
Thanks Peter! Like your video!
Hi Peter, Glad to have you back - Always takeaway valuable insights from your analysis
incredible job, been subscribed forever. When I read comments, it reaffirms why sharing Your knowledge is thankless. People love to point out mistakes, but slow to applaud.
I like these weekend updates. Thank you.
Thank you Peter for sharing
recalled you said that market will drop in cumulative odd days, was expecting a red candle on Monday !
Like your set and the up beat mood you’r spreading - a real pleasure to watch. Thank you!
I appreciate that!
Thanks Peter. The white background on your charts washes out the candlesticks and moving averages. You might want want to reverse the background to a dark gray and use bright indicators. Plus it is easier on the eyes.
Is does not help that the display brightness is set way too high and washes everything out.
@@dduhnut your probably right. Also the studio lights don't help.
Great Video Peter! I am so glad you are back to doing these. I love the format and it goes without saying that the content is incredibly valuable! ♥Natalie
Thank you, my friend!
Totally miss you glad you’re back! BTW, not more narrow, but narrower, grammar. Keep up the good work.
Thanks, Peter! Thank you for the lessons! The Ads are much louder than you. Not sure what you can do about that.
Amazing weekly video! Love all the details!
Thanks so much Peter.
Great analysis and insights as always. Thanks Peter!
Thank You, Peter!
Monday and Tuesday low news days. Wednesday is the bigger Jolts job data 10am eastern and then fed interest later in the day 2:30pm eastern.
Very helpful comments on the Broken Wing setup tks
I would say the #1 reason I don't join the weekly options group is because these trades are above my head. Thank you for explaining it 9:00. My question is why wouldn't you just place a put credit spread or sell a put if you're going in the direction of the market? I understand being net short, but isn't overcomplication of the trade the only justification for it? I don't get why we're putting on both sides like that. Possibly playing into volatility for higher chance of credit? A lot to unpack here for me. Thanks for all you do. Awesome content as always.
Death before Debit is why!! Peter's #1 thing is DON'T LOSE MONEY. If your losses are small and well managed than you will make money! And after following him for years and taking the time to understand how to finance your directional plays with selling credit and being net short I can tell you that it works! Nobody is right all the time and knowing how to be able to protect yourself is key! His trades aren't that complicated once you understand the technicals behind them.
Good questions. The principal reason is this. Over a long period of time, you will do say 100 trades. Of those 100, let's say 60% are winners, 30% are losers, and 10% break even. That's a pretty normal distribution amongst professionals who have been doing it a long time. The point of net short or risk reversal is to cut down dollar amount of those losing trades considerably. You are NOT going to be right on direction every time. Stocks ROUTINELY fool you. The pattern looks gorgeous and then it just fails or sharply goes the other way. If you are in a "net short" type of spread, you lose nothing and may even be able to keep a small credit received from your entry. In a risk reversal, it's the same thing. If you just go simple and buy a call spread, what if you are right on direction but wrong on time? Meaning that it does eventually go in your direction but not before your option expires. So your premium goes to zero while you wait while mine was paid for by the opposing side (put premium) and I lose nothing. My track record (which is multi years long and profitable) bears this out. If you look closely at it, you'll see that my losers are consistently pretty small. That is the big secret. Winning is easy, it's all about how you lose.
awesome
Please also revisit 'should I do this trades from previous weeks' and discuss their actual results
You can look at it yourself. Option chain isn’t a secret
@jaysteve4442 wow what a genius idea, how did i not think about it???
@@guyredaresso what are you talking about? If you can go see exactly how that play is doing, why do you need him to tell you how it’s going??
@@jaysteve4442The spread never went ITM. Peter may have been able to take it off for additional profit but he made no mention of that. Why not make a quick comment one way or the other?
I would not trade AXP because it is now heading south after its long upward movement. I would suspect profit taking. But I would not be afraid of cash secured put at 235 in 17 May expiration. It shaves around $3 off share price if assigned. Of course, AXP has very low IV and you won't get that much for it. It could also fit a flag pattern where perhaps ATM Synthetic might work too as it reduces total cost of being bullish. With same reward as stock ownership. $135 cost versus $235. 100 delta.
For now, the chart tells me otherwise but I love when people disagree in an intelligent manner. This is what makes a market.
Peter; why do you choose the 8 & 21 for the EMA's signals? A specific reason or reasons or is it arbitrary and they just speak to you? - Thanks, Rich Leonardi P.S. - Thank you for your updates. They are very helpful and I have been profitable with your analysis!
I can't say why they work but I believe it has a lot to do with those numbers being part of the Fibonacci sequence which plays a huge role in literally everything around us even though we don't notice it.
@@therealshadowtrader Thank you for responding so quickly and of course, your reason. A very intuitive & interesting answer.
It sounds like you need some serious margin for the NDX trade?
I am very interested in your products. Do you offer any educational services where you explain how you read charts among other things I am familiar with technical analysis and I do so spread trading, but I’m interested in learning and taking things to the next level.
Not really, not as far as courses are concerned. Our two trading rooms are designed for people to learn as they go and have support from our team while on their journey.
“What do you notice about this bar? It’s green” lmao
Peter last week unfortunately you were bearish abd wrong ....... Feb 20th 4,975.51 gap filled as I said last week and new all time highs in 2024 to target 5,496.22 .......
Correct but remember, I only speak to you on the weekends. Me and my room did not get caught in any shorts that went against us because we didn't do any. I change my bias on a dime and act on it while the market is open.
@@therealshadowtrader Peter you by far are number one chartist
You have zero concerns that META could announce some news like Tesla did today and gap up 50 points overnight? Even if that is a low probability, wouldn't that result in a huge loss?
Musk!
Your new screens or so beautiful in the previous weeks. What happened to them? Now they are all washed out and we can’t hardly see the characters!
Hmmm, you might want to check your resolution. Click the little gear on your KZhead and make sure you are watching in 4k.
SlopeOfHope coming on the show!
The profile tells a different story for NQ. Weekly value area was 100% lower, weekly VPOC moved significantly lower by 300 points, and buyers were unable to close in the upper distribution from 4/17. Additionally, we had nearly a perfect p-shape profile on Friday. Nothing more than short covering.
That still could very well be true. As I showed in the video, NDX is definitely not as strong as SPX. I am not discounting that and believe me, I am ready to get back to short the moment things turn. Right now, I am long NVDA only.