 Okay folks, welcome to the OptionTiger webinar series and today the agenda for this webinar is how do you create a trading plan for success? I think if you take a step by step approach to creating a trading plan for success, of course you need the right kind of tools and resources there and so we're going to introduce you to some of OptionTiger's cutting edge algos and indicators and of course all of this is going to be shown in a live market situation so it's going to be a live market demonstration. This will be followed by a Q&A session so meanwhile if you have any questions during the webinar please feel free to type it into the chat box and I will get to all the questions at the end of the presentation because I don't want to break the momentum of the presentation so please do type in your questions at the end of the presentation and we'll get to them as well. So first of all let's go take a look and I think many of you know a little bit about me. I'm Harish Swaminathan, the one on the left is when I started learning options, the image and then the one on the right is what I look like now. So it's been about 15 years and I've learned options on my own. I have about 120,000 students on Udemy as well as my website. I have a bachelor's degree in engineering from India and an MBA from Columbia Business School in New York. So that's a little bit about me and as I said I've learned options on my own so everything that you see here is all on a trial and error basis which can be expensive in the beginning because you tend to make mistakes but you know overall trial and error is a good way to learn because you learn the ins and outs of any subject not just options. So let's get right into the webinar content here. What exactly do we mean by a sound trading or an investing plan? Well if you break it down into steps it seems quite logical and it seems quite simple but of course in the markets nothing is ever simple but basically you can break it down into these steps. Your first order of the day is to identify the right candidates for a trade and now all through this webinar we'll be talking about two kinds of trading environments. One is a swing trading environment where you keep a trade on for perhaps a week, two weeks, three weeks or maybe even four weeks and then there is an intraday trading environment where you know because many people are interested in intraday there is a lot of high reward possible on an intraday. So regardless of what kind or you can even go long term you can even look at three months and six months and nine months if you're just in regular buy and hold kind of investor or buy and tweak under certain circumstances you can also use all of these tools for a longer term investment horizon but basically the steps are you need to be able to identify the right candidates for the trade. Once you identify the right candidates you want to look for an opportunistic entry. So what do you mean by an opportunistic entry? It's a high probability edge to the trade nothing is ever a hundred percent but when things are lined up then that's what you call a high probability edge to the trade and so that's an opportunistic entry. Once you enter the next step is you want to be able to stay in a winning position as long as possible. So you don't want to get out too quick because many people tend to cut their winners short. Now it's obviously you cannot ever buy at the lowest and sell at the highest that is not possible and what you want to do is to be able to catch about 60, 70, 80 percent of the move and that makes a fantastic trade. So similarly you want to exit the trade at the appropriate time and finally of course this is important because not all trades go according to plan and whatever your tools and indicators that you might be using things can change in the market, things can change in your trade and therefore you need to have a tight control on risk management and trade management. So what we're going to introduce and we're going to go into the platform I'm going to show you of course all of these we're going to introduce 5 proprietary algos and indicators to achieve this plan consistently and consistently meaning like I said whether it's day trading, swing trading or long-term investing you want to be able to use this plan consistently. So that's what we're going to look at. So the first step is of course identifying what are the right candidates and so what we have here is a powerful scanning system. These are also proprietary indicators and this is obviously the starting point for creating a successful trading plan. So which is identify the best candidates and like I said we're going to look at two different trading environments. One is the day trading and one is the longer term swing trading. When I say longer term it's longer than day trading, swing trading can be about a week, 10 days, 2 weeks, whatever it is and these indicators work on your watch list on think or swim by TDA MetaTrade. So at this point I must say if you don't have think or swim or if you use some other platform actually I use some other platform as well. If you use some other platform you can always open a think or swim account with a minimum $100 and you will get access to real-time data you can put all of these indicators in there. These two indicators the day trading and the swing trading scanners they give you five different states for every one of your stocks on your watch list. So at this point what we're going to do is let's go over to the platform and I just want to show we're going to look at these indicators in a detailed manner but on the left you'll see my watch list. I have the watch list of about 25 to 30 mostly financials mostly tech and then some some kind of miscellaneous stocks as well but these are mostly NASDAQ stocks the ones that move quite a bit and it makes it for interesting trading and so you can see there are two columns here one is called the day trades and one is called the swing trades. So into both of these indicators a wide number of parameters is fed and then it tells you what is very bullish what is very bearish at that particular point in time. Right now they're all stagnant once the market opens you'll see the day trades column really get active. The swing trades column will not get active on a minute by minute basis but it will get active every now and then. So let's see what we mean by this. So I have Starbucks here and so I'm going to link it to the charts. So here it says on the swing trading environment Starbucks is very bullish. So what exactly are we looking at? So let me move to a daily chart that will give us a better idea of what we are talking about. So here this is a one-year daily chart so if you actually go down like this this is what it looks like this is of course the ES futures and on our swing trading watch list you're looking at Starbucks. So let's take a look at Starbucks why is this bullish? Now sure enough you can see in the last few two weeks three weeks Starbucks has been moving up nicely and steadily and so you will see some indicators here we will get to that. The next indicator we are going to talk about is all these red and green dots we have that is the multi time frame trend. So let's go back to our presentation here. So the goal of these scanners is to identify what are the best candidates at this particular time and so once that is done then you want to understand the trend because that's the next step. Okay big stocks are trending bullish or bearish it doesn't matter because if you use options you can you can play both sides of the market you can use calls for a bullish trade you can use puts for a bearish trade. So the multi time frame trend indicator is the most powerful versatile and flexible trend indicator. It captures price action trends on all chart time frame so which means you can have a one day one minute chart you can have a one year daily chart you can have a three year weekly chart it doesn't matter and it gives you deep trend analysis on five different levels in a single chart this is very very powerful because on one single chart in a visual manner you you can know on five different time frames you know what is the trend. So let's let's go back to our to our think or swim and let me explain this. So let me zoom in a little bit. So what you're looking at are all these dots here all these dots here. So there are five as you can see there are five levels of trends and then you'll see one master level trend over here right on top of those five. So if you're looking at Starbucks the lowest level the lowest row rather is the time frame of the chart itself. So which is the one day it's a daily chart and the next level is configurable and you can see over here I have two days three days four days week. So on the study itself you can you can actually configure these things. So on the multi time frame trend you can say okay the next always the lowest row is the time frame of the chart which is a one day chart then you can say the next time frame is two days three days four days and a week and that's good for a trade that you want to last for about a week or two or three. So as you can see the next level is the two days then we have the three days the third row is the three days the fourth row is the four days and the fifth row is a week. So what this is telling you on Starbucks is Starbucks has been bullish from March 30th and if you see one red dot especially at the lowest level of the time frame at the lowest level at the lowest row which is the daily chart you don't need to get shaken out because of that. Once you see two or three red dots come in then the trend is ending. So right from March 30th you can see that Starbucks has been on a bullish trend. So March 30th is right here Starbucks was around $100 and then in the last two to three weeks it has moved up to 111. So you can imagine if you had a 105 slightly out of the money option that would be up about 200 300% here right now. So that's the way these works and then when all the time frames are aligned. So which means you have either green dots all over or you have red dots all over then this master level indicator gets lit up and that tells you everything is aligned and this is a good time to go in for a trade. The next level of indicator here is the custom RSI we will get to that. Let me go back to the presentation and then we'll come back to the custom RSI. So this is what the multi time frame trend is it works for intraday it works for swing trading it works for long term trading and investing strategies as well. It is a visual representation with a master level indicator. So this makes it an absolute no brainer tool to get in and out of trades. So the master level indicator tells you exactly that all five time frames are aligned so this is when you go in for a trade. So the first step was identifying the candidates the next step is identifying the trend. Now this indicator works for any chart so it could be you know even if you're a stock trader and not an options trader you can you can look at these charts and you can buy or sell the stock or shop the stock whatever the case might be and of course you can use options it works on ETFs it works on futures it works on gold it will work on oil it will work on bonds it works on any chart so anything that can be put on the chart these indicators will work on them. So the next one I want to talk about actually I don't want to talk about the SPX sticks right now because this is an intraday SPX or an index trading it's a market internals indicator and it's a powerful powerful indicator of market rep but it works only for intraday trading so which means you need to get in into your trade and you need to close the trade as soon as the trend is over within that day itself maybe you'll be in the trade for half an hour one hour whatever but you'll need to get out of the trend actually why not let me just go ahead and show you that as well so we will go into the SPX sticks customer RSI and the good thing is all of these work on together so all of these indicators complement each other and so you're just getting more and more confirmation from one indicator and if two indicators and three indicators are aligned it just gives you so much more of a high probability edge to the trade so this is the SPX trading action yesterday as we know yesterday was a bearish day but let's see what happens you know it starts off a little bit down and so what you're looking at here this this line that is going up and down that is the SPX sticks and that gives you the market internal in a situation so as soon as the markets open the S&P 500 has 500 stocks in it and each stock is either ticking up or ticking down and so what happens with this indicator is it it calculates a cumulative tick so it calculates how many stocks are ticking up how many stocks are ticking down the difference between the two there is of course a zero line and when the SPX sticks is above the zero line there's a bullish trend if it's below the zero line it's a bearish trend so as you can see it was near the zero line for almost like an hour or two but then it started cracking yesterday so and then you can see it goes deep down so now you know the SPX internals are very very weak so which means perhaps 400, 425 out of the 500 are trading lower and so this tells you that it's a great day for a bearish trade because the internals have to significantly improve before you can you know you can think of a bullish trade so all through the day yesterday the SPX sticks were saying it is negative and granted you'll see some green over here but bear in mind this is deeply below zero this is deeply below zero so you know it is a bearish day nonetheless so you wouldn't want to take a bullish trade at all yesterday you know especially on an intraday basis and then if you look at the multi-time frame trend which is the MTFT you don't see any green on the master indicator at all it's all red so you know that this is going to be this is a bearish day and you're looking for bearish opportunities so what kind of opportunities are we looking for so you want to catch it when all of it is you know all of it is aligned and I'll come to the customer side next this is also very powerful but let's just look at this little time frame here to begin with right there and if you zoom in on that you can see that the SPX sticks starts going negative over here and then you have the master level indicator is is lighting up and then of course as I said if you just see one dot it may not be time to get out of the trade but if you see two or more dots then it's time to get out of the trade but even though you know if you see some temporary up move you have you put a bearish trade here you come all the way and if you're if you're and you're seeing two green ticks on the SP on the SPX sticks oh okay you've got enough profit you can get out there's no issues there but it's telling you that the market environment is still weak yes you see a green dot on the lowest level but if you look at it further sure enough it goes even further down so that's you know that's the SPX sticks you can trade the SPX you can trade the SPY you can trade the NASDAQ index which is the NDX you can trade you know the ES futures all using the SPX sticks so yesterday you know the SPX sticks told you this was a very very bearish day it ended up the SPX sticks ended up negative 4000 so way way way below zero and you had plenty of opportunities to take some nice bearish trades here and you would be doing fine so that's as far as the SPX sticks is concerned let's talk about the custom RSI so the custom RSI is also a confirmation indicator so like I said they all work together and when you see all of them aligned it's the perfect time to take a trade so custom RSI so if you I think many people may have used the normal RSI the normal RSI shows you an overbought and an oversold condition so which means once it moves into the overbought your traditional wisdom says okay you need to get out of the trade if you you know if you bought it if you've got a long call option or if you bought the stock or whatever because it's going to turn around similarly if it's below in the lower if it's on the lower side in the oversold category they'll say this is the time to buy because it's going to come back and that's true because the normal RSI is designed to show that however in this case the normal RSI is customized to give you a sense of persistence so which means you will stay in a winning trade as long as you can like I said if you capture 70 75 percent of the move that is a fantastic trade so what that's the goal you you know you can't get in at the lowest point and get out at the highest point that's not possible on a on a consistent basis but if you can catch 70 75 percent of the move then you're doing very well so the custom RSI also complements the mtft and spx sticks so all of these put together gives you a fantastic set of tools for any kind of trend any kind of trading environment day trading swing trading so the custom RSI gives you a good trade entry as well as it confirms a good exit point so let's go ahead and look at the custom RSI now and you know meanwhile we're waiting for the markets to open and so once it opens then you know we'll go we'll go check these things out in a live market situation as well so I'm going to zoom in on this area here you can see so the custom RSI is the one in the middle so once it goes into the overs you know oversold it doesn't mean you get out it's telling you to stay there stay in your trade stay in your trade stay in your trade all the way till here that's when you get out of the trade so let's let me zoom out a little bit so you can see from here the custom RSI is telling you okay you need to be in a bearish trade spx sticks is already telling you that the mtft is already master level indicator is red so let's say you got in at the spx at a level of 4097 if you bought a put option let's say and you are in this trade all the way till about here even here it just pops up the custom RSI just pops up but once again goes down so similarly and you could have exited anyway here so from 4097 to 4084 so that is about 15 points on the spx and even if you had an add the money option that option is going to be increasing by about seven and a half dollars so you can imagine the kind of returns or the rewards you can pick up with this kind of this kind of a toolkit so once again if you look at it this is of course we're looking at the day trading environment the spx sticks does not work for the for a swing trading environment this for the swing trading we have to depend on our the watchlist indicators we have to depend on the mtft and the custom RSI because the spx calculates market internals and so for every day the market internals is going to change so today looks like a slightly bullish day we've got the nasdaq futures up 120 es futures not so much it's about five point five six points so we'll see when once the market opens we'll see how all of these plays out so now what I want to do is I want to go back to the daily chart now you can you can see that the Starbucks was very bullish we already saw that now it says PayPal is very bearish so why is PayPal bearish and here you go and it paper actually now this is the right time to get into the trade you've seen two master level dots and you can see that the custom RSI has also dipped into the oversold but it's not oversold technically because you know the custom RSI can stay there so you know when do you jump in you know that's that's the decision you have to make do you want to jump in at the first dot I don't think so but once it starts developing the you know you see two or three master level dots you can on the other hand you can also get in slightly early and you'll pick up a better return so it all depends and you know if you can manage your trade properly then you can get in a little early with four dots as also but bear in mind you might have to take some quick actions in case the stop turns around and goes against your goes against your indicators but the indicators will tell you you know they'll tell you you'll see you know if you're looking at a bearish trade you'll see some green dots pop up on the custom RSI you'll see that it will immediately pop out of the pop out of the oversold and go into the neutral territory and once it you know moving higher and towards the overbought area there you know that that's the time you have to get out but in general you want to wait for a couple of dots to get some persistence here you can see nice custom RSI moves into the you know moves into the bullish area so let's just focus on these guys here till here you know it goes all the way but you'll see you'll see a couple of red dots here and you might want to get out of the grid that's fine but over here you can see that the custom RSI moved into the into the over you know overbought which is you know it moves into the bullish. Let's just wait for the markets to open I'm going to open in about a minute or so okay so I was telling you that zoom seems very bearish on the swing trading column as you can see here zoom is definitely bearish it's been bearish for about 10 to 12 days already so if you were watching zoom then you can take this bearish trade. Okay so today we're going to take a look at some fresh examples we did we did see some yesterday I'm going to first try to focus on the swing trades and then we can get to the day trades part so for the swing trades we need to go to the daily chart which is a one year daily chart and you can see ES futures up nicely today up about 31 points on the back of some good results from Meta things like that but we have a couple of new stocks on the very bullish on the swing so yesterday we looked at Starbucks which was very bullish and you know that remains so and then we also have Goldman Sachs and Apple was just bullish over here you can see so Starbucks has been a nice bullish run for the past three weeks or so now we also have Goldman Sachs here which is bullish so you just want to wait for all the indicators to show up and then you can decide on whether this is the right time to take a trade so Goldman Sachs also has been bullish just a couple of red dots about two weeks ago and then it's all single dots so actually went down the last couple of days so maybe a good entry here for Goldman Sachs as well we can also see Mastercard is also on the very bullish over here let's go take a look at Mastercard as well and we also have Apple so these are new from yesterday so you can see how on a daily basis these watchlist indicators will change because new data has come in so here we go so you're looking at Mastercard obviously it's got a nice earnings report over there you can see just reported today I believe or yesterday so reported today I think and so it's showing bullish but you can see the MTFT is not ready yet it's not ready yet neither is the custom RSI so Mastercard you would have to wait even though this shows a very bullish you would have to wait let's go take a look at Apple Apple is also up about a couple of dollars today but this is showing bullish on the longer-term one-year daily chart so let's go see what Apple looks like and it seems to have just come into bullish because this was not there yesterday so let's see how that plays out over here and you can see the custom RSI just starting to go into the bullish zone and oh yeah you know you see this wasn't there yesterday but now you can see all five are aligned so you would probably want to wait for one more day before you take the trade so hopefully you've seen some good examples of how the swing trade column will work now let's take a look at some day trading examples so we'll go to the intra day chart and you'll see that and let me also sort it on the on the day trades column over here so if you sort it if you just click on it it will sort it and you can see all the very bullish and very bearish so there's quite a few different candidates here today Starbucks we saw yesterday was also in the very bullish now let's go take a look at Goldman Sachs on a day trading basis so this is on a day trading basis we are in about half an hour into the trading day so you'll have about 30 pieces of data on a one minute chart so let's see what Goldman Sachs looks like this is of course the pre-market and you can it is you know it may not be completely bullish but it is you know you can see that the customer RSI has entered the bullish zone may be coming down right now so not a great candidate so you know once you go through these you can cycle through these and then decide which is the best candidate so here we go let's take go take a look at booking once again I don't think booking is a very good candidate here on the day trading charts and then we also have quite a few others so on the day trading chart things will change quite a quite fast and so you know that's the one thing you have to keep in mind that it will change quite a bit let's go take a look at Boeing so Boeing is Boeing is up $4 so it will probably a good candidate for a day trade but you want to wait for a good entry point you know at that time so let's go take a look at Boeing and then of course there is stocks like Meta that are up very big today but Meta is up almost 10% here so this is Boeing and you can see that Boeing also I think the the signal is coming from this kind of a move here you know very bullish but it's given up that gain and it's gone down let's take a look at Microsoft here Microsoft is also on the very bullish watch list here so yeah this is nice you know this is a good candidate to try and trade so obviously now we've already had half an hour you know it was moving up nicely so you might want to wait for a better entry point because you can see Custom RSI was nicely in the bullish zone so if you was tracking Microsoft this would have been a nice day trade even if you got in about 5-10 minutes into the into the training session here so that's as far as Microsoft let's go take a look at Google Google is also showing up on the very bullish charts here so once again these are all you know tech earnings have come in so a lot of these a lot of these movements are driven by the earnings reports that just happened once again same thing like Microsoft Google went up nicely at the open and then now it's pulling back a little so what you want to do is just wait for these indicators to line up again before you take a bullish trade you know now Google is bullish you know the overall market is bullish so you're looking for a bullish trade but you would want to wait and take the trade so now what happens if you take the trade and then it starts going against you so there's various things if you're using options you can always convert it into a debit spread if you're day trading I would always just say take a long call or a long put depending on what the sentiment is and then if it's not working out you turn it into a debit spread and then perhaps a credit spread even if even if that doesn't work so these are some of the risk management and trade management techniques that you have to apply but it's if you can get seven or eight out of ten trades right that will make up for any of the trades that go against you so this is as far as all these indicators are concerned so hopefully you've gotten a good idea of how these indicators work all five of them work together the you know the the watch list scanners are very powerful they immediately cycle through your entire watch list and tell you what to look at so just because it's very bullish here you don't take the trade you need to come into the chart and look at the mtft look at the customer rsi and then decide when to take the trade so that's as far as the indicator demos are concerned so now what I want to do is I want to go back into into the presentation and and tell you about the specials we are having we are having some very killer specials for the next 10 days until May 7 so let me go ahead and pull that up all right so here are option tiger specials these are on for the next 10 to 12 days until May 7 now generally each of these algos the mtft itself goes for 24 97 the spx sticks goes for 997 and you can find all of these under the products menu on our website option tiger.com you can see that we have a complete options curriculum so this is options beginner options intermediate each of these modules has about 15 to 16 courses the options mastery is a set of nine strategies that give you the most elite techniques while trading options you can apply it to any trade that you that you take on and especially in terms of adjustments and things like that and then of course you have things like the spx sticks these are all the proprietary algos and indicators you can look at the multi time frame trend indicator and you know these you know this goes for about 24 97 the spx sticks goes for 997 the we do have a proprietary swing trading signals as well and I'll come to that then the customer RSI goes for 497 and each of these watch list indicators go for 497 each but what we have in the special today is a 65 percent off perhaps more you're getting all four at 16 97 so the list price for all of these is generally close to about four thousand dollars if you add up everything and this is going for about 16 97 you can also look at the options education bundles they are about 297 dollars each and then you can send us an email at info at option tiger.com and tell us what you need we also have the swing signal service and I'm going to show you that the swing signals is a daily email and a video highlighting all the trades these are the trades for 2023 and these are done on a 50k demo account and you can see that I've been tracking these trades last year on a 50k account we made a profit of exactly 100 000 so which is a ROI of 200 percent this year in 2023 and this is updated as of today the we've taken you know so this is only the at the end of April year so four months on a 50k account we've done 32 000 so you can see that's already 60 percent ROI here and we can do these numbers because we use these indicators to identify our trades and to take the appropriate opportunities we use the indicators in our swing signals program but for you if you want to put it onto your own platform then you would need to purchase it which is also well worth it because even one or two trades can just make up the cost of these indicators so once again you can email us at info at option tiger.com and just let us know what all products you want this special is on until May 7th and you can specify what are the things you want the more you bundle the the more discount we can give you so thanks for attending the webinar yesterday apologies for some technical difficulties there but you know here we are I hope you've got a good idea of how powerful these indicators are and how you can create a successful trading plan consistently you identify you lock the trend in and then you take the trade and then you do some risk management and then of course the exit point is also important so all of these issues are covered by these algos and indicators so once again I'll just wrap it up over here the email id is info at option tiger.com please send us an email and let us know what you need and we can put together a bundle for you so thanks a lot once again for attending the webinar and we'll speak to you soon