Chart patterns repeat themselves because human emotion is predictable. Price action is simply the manifestation of all the market participant's fear and greed; the two largest emotions driving the market. Learn these patterns, you will see them over and over! 👇
Options trading is a zero-sum game.
Meaning every dollar you make is a dollar lost by someone else, and vice versa.
Are you willing to out work your competition? Do whatever it takes to be successful? Become the best of the best..
If not, why bother. 😤
Anyone can learn technical analysis, options flow, risk management etc. The difference is not everyone can control their emotions and put it into practice.
Mastering yourself comes before mastering the trade.
⚡️ TW Official Announcement:
I'm pleased to announce the creation of Theta Warrior Elite. A private trading community for those looking to take their skillset to the next level.
Join us here:
@ThetaWarriorPro
"An average trader makes a trade and feels good. A great trader makes a trade and feels nothing."
Read this and internalize it, because control over your emotions is the key to success. We can never control what the market does; but we can always control ourselves.
It's been a long time since I've seen so many bullish weekly charts..
$BA FW
$CHWY FW
$CRM BF
$CRWD ST
$GLD BF
$NIO FW
$PYPL ST
$ROKU FW
$SNAP ST
$TSM DT
$XPEV DT
$ZM FW
FW- Falling Wedge
BF- Bull Flag
ST- Symmetrical Triangle
DT- Descending Triangle
Get ready!!
In trading it's not enough just to be "right." You also have to nail the timing. You can be correct but early, and thus wrong. When the technicals, flow, and sentiment align; that is when you want to attack. Until that moment, be patient.
Options Education 📚
Why Use a Stop Loss?
Using a stop loss allows us to define our risk which is an essential part of trading. It can also greatly improve our risk reward ratio and increase profitability. Below is a real life example illustrating how this is possible.
This is incredible.. 60,000!! 🤯
Thank you to everyone, we have all come together to create an amazing community here.
This is a place to ask questions, pass no judgment, bounce ideas off each other, and overall become better traders.
We are an army of Theta Warriors.
We truly have something special here.
A community of traders over 80,000 strong.
By sharing our charts, trades, knowledge and ideas, we help strengthen our army.
I can't thank you enough for being a part of this.
We are all Theta Warriors!
No matter if you made money or lost money today, tomorrow is a new day.
That's the beautiful thing about the market; it has no memory.
Put today's mistakes/losses behind you and focus on the opportunities ahead.
Recently moved into a beautiful new office space. More sq/ft with great natural lighting etc. Amazing what that can do for your psyche.
I've been working on a couple new projects that I'm excited to announce soon.
Hope everyone has a great upcoming week.
Bullish on the future!
$NIO Weekly forming a mini falling wedge after a large falling wedge breakout. This is a sign the stock is digesting the move and preparing for the next.
MACD is coiling and price is consolidating directly at the tip of volume shelf. This looks ready to pop!
🎁 TW Elite Holiday Sale! 🎉
If you're an Options / Futures trader looking to start 2024 on the right foot now is your chance. Join us!
✅ Live Entry/Exit Alerts
✅ Daily Watchlists
✅ Actionable Trade Ideas
✅ Education & Community
..and much more!
$AAPL My best *guess* as to what's next:
🟡 Yellow: Push to 150-152 followed by a pullback to prior ATH and bounce, continue to 160+
🔵 Blue: Pullback to 135-136 and retest the prior supply level, bounce and then resume higher to 150+
In both scenarios I'll be buying the dip.
Options Education 📚
Understanding the Greeks
I often get asked "where is the best place to start when learning how to trade options?" My response is always the same: Learn the Greeks!
This has been a wild week! Seeing my own portfolio grow is very rewarding but the icing on the cake is seeing all of yours grow as well.
Thank you for sharing your gains in the replies so that we can all partake in the collective success. We are an army of Theta Warriors!! 👊
Not all trades are going to work. As a trader you have to be willing to take a loss, and do so quickly.
If you can't accept that, it's a recipe for disaster.
Options Education 📚
The Long Vertical Spread
Stocks like $TSLA $AMZN $NVDA $SHOP all have high premiums and can be expensive to trade. Here is a strategy that will lower the cost and also help reduce the impact of theta. Win win!
$ROKU Today I came in long quite a few contracts bought shortly after the original post. Turned out to be one of the best trades in my career. I'm thankful so many were able to participate!
Moral: When you have a high conviction, don't be afraid to shove some chips on the table.
One of my favorite Buffett quotes is: "The stock market is a no-called strike game."
Meaning you can sit and be patient; don't force trades. Wait until they lob one right down the center, in your strike zone, then twist your hips and connect.
Let the setup come to you.
We are THETA WARRIORS 50,000 strong!!
I'm incredibly humbled and thankful for this community.
Excited to announce the launch of an official website. It contains educational material, merch, discounts for software, etc. Enjoy!
Proud to announce the creation of a brand new YouTube channel where I will be discussing trading, technical analysis, flow, and much more.
For this weeks "Spotlight," our first special guest is none other than
@rachels_44
Enjoy!
$BA Prepare for takeoff. 🛫
Wedge breakout and MACD bullish cross. Past performance is no guarantee of future results but the similarities here are undeniable. First target 50 SMA (yellow).
What's it like to be a member of The Elite?
For each trade there's an alert via twitter and discord as well as charts with price targets and explanations behind why the trade was placed.
In an effort of full transparency, below is a list of all the trades alerted this week:
1. Enter trade
2. Place stop behind support/resistance
2a. Trade moves against stop takes you out
2b. Trade up 25% push stop to B/E
3. Trade up 50% push stop to 25% profit
4. Continue to push stop on way to target
5. Just before target switch to trailing stop
@ThetaWarrior
Can you please tell me your strategy for stop losses on options? Do you use a trailing dollar value? A percent? And is it a standard market sell if stop is hit? Please and thank you.
I haven’t been using stop losses at all and I’ve paid the price time and time again :(
Theta Warrior Summer Reading List 📚
A collection of books that I personally have extracted great value from, and continue to adorn my shelves.
"The best investment you can make is in yourself."
Full list here (bottom of page):