The quick and easy way to succeed in options day trading

This lesson discusses the way your MAIN screen should look—the view that you should have set up on your desktop (or laptop) screen. This is the screen you'll be looking at when getting IN and OUT of your positions— becasue this is the screen where you will place your buy and sell orders, the screen where you will view the options chain tab, and the screen where you will load your desired options contracts into your watchlist after selecting them from the options chain tab. You will have two separate charts visible in the center of your screen: the 15 minute Heiken-Ashi chart in the middle, and the 30 minute (or 1 hour) Heiken-Ashi chart positioned in a smaller view on the right side. You will view these Heiken-Ashi candlestick charts in conjunction with the normal Japanese candlestick charts that you'll have positioned on your external monitor (which we will get to next in this chapter).

This lesson discusses the view you should have set up on your EXTERNAL monitor, how to set up the charts on your external monitor, and how you should view these charts in conjunction with the view on your main screen, which we just discussed in the last lesson.

Study sets can help you get a much better 'big picture' view of price action when you're viewing your charts, and this lesson covers how to create and configure different study sets to use when you're tracking the price action of a stock. I also discuss why the 200 EMA (exponential moving average) is the single most important moving average to consider while day trading, and why identifying crossovers of the 50 EMA with the 200 EMA is a great way to determine the right time to get into (or out of) a position.

Here we continue from the last lesson and go even deeper into some different types of study sets you can use in your trading, with examples. You will learn how some study sets can be used effectively in all time frames, while other study sets may only be effective when used in certain time frames.

In this lesson I describe the Williams Alligator indicator in more detail, and explain why this is one of my favorite 'go-to' indicators that can be used effectively on any timeframe.

In this lesson I describe the MACD indicator in more detail, and explain how you can use the MACD in combination with your candlestick charts to improve your success. By comparing the movement of the MACD to the candlestick patterns you see developing on the charts, it can either help confirm the direction you belive price will go, or it can show you a divergence against what you're seeing in the candlesticks. The MACD isn't always correct (no indicators are), but it's a helpful tool that can provide an extra piece of information to consider. Remember, the magic of successful trading comes when you can take multiple pieces of information from many different sources (like multiple indicators) and then combine that info into a 'big picture' view of where price action is going, and then act on it.

In this lesson I describe the RSI (Relative Strength Index) indicator in more detail, and explain my own personal settings I use when using this indicator. I also explain how to overlay this indicator over your Volume bars, in order to free up screen real estate and de-clutter your view.

The core of my strategy relies on being able to interpret candlesticks (both individually and in patterns), and this lesson covers the difference between these two types of candlesticks. I explain why I like viewing short time frames (1 minute to 15 minutes) with Japanese candlesticks, and why it can be beneficial to view longer time frames (15 minutes and up) with Heiken-Ashi candlesticks. I also explain how I simultaneously view the Japanese and Heiken-Ashi candlesticks on multiple timeframes to get both the immediate price action of the 1-minute chart along with the more trend-filtering view of Heiken-Ashi on longer timeframes, and how both types of candlesticks can be combined with other indicators (like the Alligator) to give you even more confirmation.

In this lesson, I explain how the options chain tab works, and why the expiration date and strike price of an option are the 2 most important factors to consider when choose which option to load into your watchlist. I explain the difference between an option being 'in the money' (ITM) 'at the money' (ATM) or 'out of the money' (OTM), and I explain the easiest way to load your preferred option into your watchlist, so that your order is ready to be executed with one click once price hits your desired entry level.

In this lesson, I explain how the options chain tab works, and why the expiration date and strike price of an option are the 2 most important factors to consider when choose which option to load into your watchlist. I explain the difference between an option being 'in the money' (ITM) 'at the money' (ATM) or 'out of the money' (OTM), and I explain the easiest way to load your preferred option into your watchlist, so that your order is ready to be executed with one click once price hits your desired entry level.

This lesson is VERY important, because your ability to see particular candlestick patters forming on the chart can be the difference between success and failure. I descibe a few of the most important types of candlestick patterns to look for on an intraday basis, and how to react when you see those patterns. I also cover the importance of getting a 'correct' zoom level to be able to see a pattern developing, and I discuss how not every pattern will be easily spotted on every timeframe—so that's why it's always important to look at your charts on multiple timeframes throughout the day.

Thanks so much for watching my course. I really hope you learned a lot of ideas that you can add into your own day trading. Good luck, and happy trading!