 I'm going to take a look at a sample trading week. So once you've taken all the courses that you can take and watched all the videos that you need to pick up on all the different aspects of stock options trading, you should come up with your own strategy. Your own strategy includes a workflow. So we are going to look over my workflow. So four steps, some of them a little bit more involved than the others. Let's jump right in to step number one, which is analyze the market. And this is for the trading week that is upcoming. So I usually do this Saturday and then update Sunday. So analyze the market. What does that mean? Well, let's go over to Trading View or Thinkorswim or whatever tool you use. And let's jump in and analyze the market. Let's start off. Let's say we move over here and look at spy. Now you could look at different indicators or SPX. You could also look at, for example, the NASDAQ, if you want to go ahead and take a look at that. This is the NASDAQ 100. And you could also do the Dow Jones, DJX, there we go. Okay. Now, depending on what type of stocks you might want to be trading in, you might want to look at a more broad index such as the SPX or the more industrial 30 stocks in the Dow Jones or you might want to look at the tech heavy NASDAQ. So depending on the type of stocks that you're going to be trading, depending on if they're more of a broader index kind of stock or a tech stock, then you will analyze the particular market that you're interested in. Now in this case, we're going to take a look at the SPX. So let's go ahead and maximize this here so that we can take a look at the SPX. So we're going to maximize this cell. And all right, let's do a quick overview. It does look like overall, and this is the daily overall, it seems to be on an uptrend. But it just recently finished off its downtrend. Let's see if we can get this low here and probably, yep, that's a little bit steep. But there we go. Okay. That's an overall uptrend over the past couple of years, well, year and a couple of months. But as you can clearly see, it had been on a downtrend all the way from its highs here in July, which it recently broke as a matter of fact, which was right there. Okay. And there is the breakout right there and the retest of that breakout. And then the continued move upwards. So the market does seem to be in a recent uptrend. And this is the uptrend right there, as you can clearly see. So it does seem to have recently broken out. Okay. And if you want to go ahead and throw on some Fibonacci, it would be helpful here, I believe. So let's go from the low of 37.64 somewhere around there. To the high of 46.07 more or less. So that's more or less the level. So we seem to have broken above not only this downtrend we broke out, but it also seems that we have taken this 23.6, 23.6 pullback here from the high. So this seems to be a pretty interesting level. And we seem to have cleared that. And we are moving up. The market is looking kind of bullish now. This is November 15th, take in mind that we had just had, have just had some very good news on many fronts, economic, as well as even political today, geopolitical. So this is looking kind of good. All right. So what we do here is come back to our presentation and I'm going to put it here. Okay. SPX bullish. Okay. So that is my sentiment for the SPX. Now, of course, if you want to go ahead and look at other ones, because we're more interested in that kind of stock, then you could also look of course in the Dow Jones and the Nasdaq that we mentioned, as well as the Russell, which includes a smaller tax. Okay. So basically we come up with an overall market sentiment, which I would say is pretty bullish, right? Not only that, but if you look at seasonal data, you will usually see that October is a pretty bullish month. We could quickly jump over to a tab here and look for Season X. So there is the seasonally, for example, for the month of October, as well as November, it's usually pretty high and it ends the market rally near the month of December. Okay. So let's go back to our guideline here and we've looked at the indices, right? Let's say that we're only going to focus on the SPX right now and we're going to look at the SP sectors, right? So come over here to our sectors chart and we look at all of our sectors and we look at which one is looking better or more bullish. So here the lines here, the 50 is the red and the 200 is the yellow. So as you can clearly see, we're jumping above the 50 here, okay? We're still below the 200. We're below both of them. We are above both of them on the IXM materials, right? Great sector. Above both of them on the IXI, as well as on the IXT and IXY. This one below and the IXR, we're barely making it as well with the IXB. We're above, well, one, mostly two, but these are the most bullish ones right here, right? The IXY, the IXI, the IXT and the IXM. So those are the sectors that are moving in the more bullish manner. So we want to make sure that we capture these in our analysis. I'm going to go ahead and throw in here a second data point, which is going to be IXM, IXY, IXI, I believe it was IXT. Yep, and this should have been a column. Okay, oops, there we go. Okay, so those are our most bullish sectors in the S&P 500. Now we will go ahead and look at the economic calendar because the upcoming week must have some sort of economic calendar news. So I use trading economics calendar, okay? And there's a whole bunch of different sites that have these, and you can filter these out by countries, of course. I will keep, of course, also today is Wednesday. So I'm kind of getting ahead of myself. Let's just go ahead and imagine, okay, so if we would have done this this previous weekend, we would have seen that for Wednesday, November 15th, go to the US flags, the US stock market, we have MBAs, more to mortgage apps, we have retail sales, big, big number right here. We also have, CPI was already reported and this is the PPI. So we have PPI. So the most important information from here is probably, let's jump over to our analysis here, we've got PPI, retail sales, which will give us a very good idea of the state of the economy, if you will. And I believe we had some jobless claims, of course. I thought there was another interest, oh, the oil, yeah, okay, so there was some oil inventories, okay, if in case you are interested in the oil trade, okay, so that's some data coming up. So let's go ahead and move over to the outlets. So we have different outlets that we can look information up on. And of course there is CNN.com, which, you know, depending or regardless actually of your particular preference, it has important information that moves markets, whether you agree with them or not. Biden having a constructive meeting with Xi is market, important or market significant, if you will. Now there is also one that I use a lot, which is finance, yahoo. This is of course business specific information and there is a whole bunch of outlets here. But they can give you a lot of information on particular companies that they might be interviewing, right, Delta being a beat about international travel is a good thing. Of course that relates to Boeing, so that's also a good thing. And of course Bloomberg, I actually watched this more on TV, but they have a lot of interesting information because they also cover the Asia Open, which is very important because it leads up to our Open the next day. So right now, which is actually 8.40 in the evening, Asia is already open for their trading day. So sometimes information that comes out during the Asia Open comes and impacts us on the next trading day. So look at the media, let's get a feel for what's going on and plot down anything that you see. So let's say that we talk about airlines and airline manufacturers are going or something like that, right? And we have a general market sentiment of what might be working to the bullish side and to the bear side. So then we come over and we look at scanners. Now there's a whole bunch of different scanners that we can look at and I'm going to come over here to the MarketWatch tab, go to quotes, and see if we can find, actually let me, sorry, let me jump over to scans and here we go. So you can have your scans ready and made up. This one, for example, is a power trend scan, okay? So you go ahead and hit scan and we're looking in the all stocks, okay? So that's pretty big and we're getting 59 of them back. So let's go ahead and say that we're going to pick out something like FTAI aviation, all right? Okay, so it's trading at 42. It was up 2% today and it's trading 769,000 shares a day, all right? Let's go back and we're going to look at now is so we can pick out the different stocks based on whatever interests us. So in this case, I was looking at airlines. If we were more interested in stocks, let's say in the NASDAQ for a particular reason, then we might want to scan for NASDAQ stocks, right? Growth stocks, so FTAI, move over here to charts, FTAI, all right? You can punch that in, all right? That also is, of course, on a big up move, all right? Hit there, all right? So let's go ahead and actually maximize this so that we can look at FTAI and some of its levels, okay? So we're looking at July 24th all the way to November. Let's see if we can get some more time in here, okay? Yeah, so this is on a pretty big uptrend, pretty much the whole year. So let's go ahead and get some levels. So we have the low and the high. Let's get our fibs on here. It did some sort of consolidation right here. You can draw a channel right there, there, from here, all right, to there. There's that little channel where it consolidated and then it broke above that and it made this new high. Today, 43.01, yep. So it's all time high is today, all right? And in this case, what we would do is we would bring out the fib extension. So let's go ahead and get rid of this and bring in fib extensions, which are right here. Okay, so we'll do this low to that high, to that low right there. All right, so it seems that we might be bumping up against this level, which could be a resistance. Let me zoom in on this, okay? So we seem to be hitting this level, which might be a resistance. And then the next level up might be, which would be the 61.8 above the 100 would be this 48.79. So this is looking pretty bullish. If we managed to sort of get another, this is not a bullish engulfing, no. So if we managed to get another level above here, I would definitely be looking at possibly taking calls. We can see the RSI though, however, is telling us that it is quite overbought. Let me zoom out of this, right, so that it is quite overbought. So we might actually be looking, and you can see that there was a little bit of a rejection here, not such as a bullish candle right there. So we could actually be getting ready to move down towards the top of this channel, okay? So we might want to wait for a back test of this channel, which would also coincide with the back test of this trend line, and then we might be ready to move back up. So that would be the beginning of our trade plan, so to speak. So we have chosen the ticker that we wanted, we charted it, we looked at support resistance, we looked at some trends, and we've already established that the SP sectors such as materials and transports are on the more bullish side of things, so this would definitely be one of the actors that I might be looking into. So how do we get started, okay? Now let's take a closer look at the 180 for our, let's see what we can find. Alright, there we go. So there's that channel, a little bit better look at that sideways trending channel right here, and how it broke up above that, and this could either go one of two ways, this could either break higher, or it could head back down to this channel and test the upper trend line, or the upper support resistance line of that channel. So what are we going to do here? What's our play? What's our move? Let's look at the 20 day one hour, okay? And what I would do here is I would use these lines, these price level lines. So this would be the 4301 right there, and remember if you don't quite get it, then you can also right click and just edit properties and then go to 43 and just type in the 01. Alright, so okay, okay. So if it breaks above that, that could be a play, and if it breaks below, there seems to be another smaller sideways trending channel here, so to speak, but this was only one day, so that's not that valid. This one as you can clearly see has spanned quite a few days, so I would use this level as my entry to the downside. So here's my entry to the upside and here's my entry to the downside. Entry to the downside, if it breaks this, I would be looking at taking profits possibly at that 50 SMA, and definitely at the bottom of this channel, so I would just type that in like that, and I would probably change the style just so that I know, let me edit the properties on this price level, I would probably change the style just so that I know that that's actually not an entry line, but a target line, okay, and again, and this is an entry line, and the target line was at 48, something 48, 79, that would be the first one. I would probably put something right smack in the middle of that just so that I don't use that level, it's too far off. I would probably put something in the middle, right, as one of my, let me get right there, okay, and edit properties and change that just so the style, so that I know that that would be a target, okay, so that would be my play to the upside, and this would be my play to the downside, okay? And once you have that trading plan developed, then you could go ahead and start thinking about, okay, if I go in on one contract, if it breaks up above this line, then I might go in with one contract, and then halfway, I might get a second contract if it's still bullish, and then ride, and then drop off the first one here at my first target, and then leave a runner for this next level, and the same thing to the downside. If I break down below this level, then I would definitely get a put contract in this case, which would take me down to about here, or possibly the 78-6 line, which by then would probably meet up with this 50 SMA, okay, and that would be my chance to get into a second contract, and then drop off one of them right here, and ride the second one or the runner down to the 61-8 line. I might even, if I'm feeling good enough, then I would probably hold off a third contract for this trend line, which also happens to be coinciding with its 200 SMA down below. So that would be a sample trading week, how I would look at the market, the sectors, the media outlets, let me go back here, the different economic information coming out this week. Of course, economic information also means, or economic calendar also includes earnings reports, which we are in the middle of right now. Once you do this for a few weeks in a row, and you go back, and you understand what happened that made the trade go in your favor, and what happened that made the trade go against you, or better said, what happened that your trade plan didn't pan out the way you expected it to, then you'll be in a position to really understand what's going on, and then start increasing the amount of money that you put into individual trades. Alright, so I hope you enjoyed this, I hope you found it useful, drop some comments in the comment section down below, and don't forget to like and subscribe to our channel, and I will see you guys in the next video, have a great one. 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