 Okay, so strategy. When we talk about strategy, we are basically assuming that we are comfortable with charting, with patterns, with indicators, and we've figured out how to read the market in terms of rumors that you basically get from the news, upgrades that you get from analysts, and the economic data that you get from a lot of different sources. So you want to combine your technical with those, let's call them fundamentals, because everything, the more each one of these points, let's say, point you in the direction that you think your stock is going to move, then the more successful or the more likely you are to be successful. If you have a chart that says that support is going to hold, and you can see that there's a pattern that says that there is a reversal, and you see that in your indicators you've got bullish momentum, you have support from the SMAs and whatnot, and you heard a rumor about this particular company or the particular industry that this company is in, and or your company was upgraded, and economic data came out positive. If all of those line up, then you are able to basically state with more confidence that what you see in your chart for your ticker is going to be bullish, because sometimes a market can drag or a whole industry can drag, or even another competitor to your company can drag your own ticker down, even though your ticker has awesome support, has a great reversal pattern, or a continuation of a bullish pattern, and has great indicators, all pointing you in the right direction, but if there's a rumor or upgrades slash downgrade or economic data that is not good, even if it doesn't affect your particular market or industry, it's going to have an effect in the overall market sentiment. So once we have these things mastered, we move on to strategy. Basically in strategy, what we're gonna look at is money available or how much capital you have to invest, and the idea here is to grow it slowly. I'm sure you've heard this a lot of times, but that is the best thing, even if you have a million dollars that you just got for your birthday, because you're rich or whatever, and you want to invest, you're not going to invest all million dollars. You're not going to invest $100,000, or even $10,000. You want to start slowly because you want to prove to yourself that you've mastered the technical and the fundamentals on how to read markets before you actually invest what you have. And then you want to decide, well, do I want to trade off stocks or options? And this is very important because a lot of people actually prefer and start off with options, and then they lose a lot of money, and then they're turned off by the fact that they lost a lot of money, and they think that there is no real money to be made in options or in trading in general, and then they're like, okay, yeah, there's no easy money, okay, yeah, and we're not saying it's easy money, but you also don't want to start out with the most complicated tool. Stocks are obviously way more forgiving because there is no time factor involved. You could be right on the direction and make money, but with options, even if you got the direction right, if you didn't get the timing right, or if you didn't get a particular market news which affects volatility, which also affects options, contracts, then you might still lose money. So if you want to start out, and this is, I really firmly believe in this, it really depends on your own personality. You have to really get to know yourself. You have to really understand how you tick in order to decide which one of these is best for you, stocks or options, and even then, even in options, there's a lot of strategies that are more suited for different personalities. And then, and like I said here in point number three, there's options and then there's options strategies. Options is basically buying and selling individual or single or naked options. That's the same thing said three different ways. Or there are also option strategies which can help you invest in options in a little bit more of a conservative way. And you have to know them before you can choose if you are going for options. So that's basically three different levels. There's stocks, which is the most conservative. There's options and then there's options strategies. In point number four, in strategy, we're going to talk about whether, when investing in options, this is specifically for options. Are you in it to make a quick buck or are you in it to make more money, in which case you probably want to swing or basically leave your trade on for longer. This is actually a very important tactic. You can make money by making a quick buck and pulling out and just keep doing that. When you put on a trade, you have a plan, but a lot of people follow alerts that are not based on their plan. So they don't really have any idea what the plan is. And if they leave on the trade long enough, it can go from green to red in no time. And then it can go back to green the next day. So if you're playing alerts and you don't know what the plan is and you didn't go over to the chart yourself and take a look at it, then you at least should define in your mind, are you in that trade to make a quick buck or are you going to swing or let's call it wing it or listen to the actual alert that exits the trade. This will trip up a lot of new traders that I see and it happened to me quite a bit. If I'm in it to make a quick buck, then that is what I'm going to do. I'm not going to follow anybody's plan. The minute I see green, if it's a number of green that I like, you know, if it's 50 bucks, 100 bucks, that's fine for me, I'm pulling out. I don't care what the target was. I don't care where it's going. I don't care if it's going there at the end of the day. Next day or next week or whatever. But if I am going to follow the plan or if I made up my own plan, then I probably want to swing and actually wait for it to reach the target. And this is where point number five comes in, which is use percentages. I just said, you know, if I see 10, 50, 100 bucks, I like it and I'm out. That will trip up a lot of people as well. The point that you want to have clear in your head is that you want to make a percent return on your investment. And you want to compare that to something that you can get elsewhere, whether that's one to 2% on a bank account or a CD or some other thing, or whether it's, you know, 10%, 12%, just by investing it all in the SAP 500 and letting it ride for, you know, I don't know, five, eight, 10 years. Or if you're thinking about dividends, like five, 6%, or even if you're thinking about corporate bonds, you know, where you also get six, eight, maybe 10%. That is what you want to compare it to. And the minute you hit the percentage that you think is the percentage that you are content with, then you get out. It doesn't matter if it's 10 or if it's 1,000 bucks. So if you invested, let's say that you bought an options contract for $10 and it went to 20, that's a 100% gain. That is a very big deal. You may not be happy with the fact that you only made $10, but don't leave the trade on for longer until it hits 100 where, in which case, you would have made $90 just because you wanted to make $90. Instead, buy four or five contracts of those $10 contracts and let them go, or make you 90 bucks. But you shouldn't deal in absolute dollar values. You should deal in percentages. When you make 15%, 20%, 30%, get out. That is a lot of money. Whether you only made 10 or whether you made 100, the problem was that you didn't invest enough, but it doesn't matter. If you made 15%, 20%, 30%, that's enough money so that when you keep growing it, even though that was a small trade, you're gonna grow it slowly. So eventually, instead of buying one contract, you'll buy two and then you'll get comfortable enough and then you'll buy three and you keep going and then you buy four and then eventually, you'll even be able to do things like scale out. You put on a trade for four contracts at 15%, you take out one of them, 30%, you take out another, and maybe 50%, you take out a third one and you let the fourth one ride. But make sure that you don't confuse yourself by thinking in absolute dollar terms instead of percentage terms because percentage return is what matters. And the final point in strategy is do not mix your long-term portfolio with your short-term portfolio. There are stocks that are gonna go up and down and they are pretty solid and we're talking blue chips, we're talking spy. You do not want to sell just because you have your trading head on and the market is down. You'll end up losing money because you're trying to take a stock that you already own and get out of it just because the market is tanking, that doesn't necessarily mean that you should pull out as you would with an options contract, for example. An options contract, you buy it on a Monday and it has expiry for Friday. If by Wednesday, it hasn't made you 10, 15%, unless you see some very important catalyst down the road, you better get out because that thing is not coming back. But spy goes down 20% because inflation is up and recession is looming and corporate earnings are messed up because we just came out of a pandemic and there was a lot of stimulus floating around in the market and people were buying stocks like crazy and that's why they went up but now that they don't have all that money then stocks are crashing, that doesn't mean you're gonna pull out of your S&P 500 or your blue chips or your Apple stocks. You have to leave those in because they will recover. So don't mix your short-term, oh, let's get in and out of this option contract with your long-term investment because you'll end up messing your long-term investments and selling them probably for a loss. Okay, and then the final thing we'll talk about is random tips. One good way to start, we mentioned grow it slowly and use percentages is get small contracts. If you choose a small contract, it is a lot easier or a lot more likely that you'll be able to buy four or five or even 10 and then you'll be able to scale out as we talked about. The other thing is stay cool. Some people have a hard time relaxing and anxiety gets the better of them. When that happens to me, I'll just run into the kitchen and grab some of the drink. It'll cool my nerves down and then it'll basically allow me to make better decisions and not get scared because of something that just came up on the news or some particular ticker that is tanging. So try to find a way to stay cool. If you don't drink then I don't know how to find something else. And then finally, don't trade on mobile at first. This is not a good, a lot of the trading platforms that I mentioned in that other video, they have the mobile versions but trading on a small screen, not just because it's a small screen, a small screen will make it harder to get in and out and probably increase the chances of you making a mistake but also the fact that it's a mobile, it's on your hand, it's easy to access when you're doing other things that are much more important, like driving a car, walking down the street. It's not what you wanna do. I know it looks cool on those commercials where they say, oh, join this brokerage firm or this brokerage firm that we have an app and you can trade while you're ordering your coffee at Starbucks on the way to the office. That may be true, but it does not mean that it's an ideal condition for trading. When you wanna be trading, you wanna be sitting down at a desk, at your desk, in front of at least one monitor, obviously at least one monitor, probably two monitors or a second screen where you can have some other source of information from markets coming through to you and you wanna be relaxed. You don't wanna be on some other strenuous environment. Definitely don't wanna be driving. And so try to stay away from the mobile trade, at least at first. Okay, so now we're going to dive into these individual videos and cover these topics in depth. I hope you enjoy this.