 What's going on everybody? This is Giovanni from the options trading channel today is January 31st 2020 Last trading day of January last day of January. Well guys I'm here to tell you that I made a JNormous mistake that I don't ever want to make ever again And I just figured that we can all learn from my mistakes I want to break down this trade and tell you all about it my psychology my thought throughout the entire process I apologize that I You know can't record my trades live. That's because I am trading from my Office from from my day job. And so that creates a big problem, but more about that later Let me show you the signal that I got today. I Got a signal on the queues. I also got a signal on spy But I decided to trade the queues and it was actually Not the right one to trade today, but again more about that later This is the signal that I got here today This is the first candle of the day the first one hour candle with that being said what we're looking at here Off to the left. We have the one hour chart on on the queues and Off to the right. This is the daily chart on the queues as you can see here The last signal that we got on the daily charts on the queues was a down arrow So we're only trading to the downside. It's that simple. This strategy is that Simple so we take a look at the hour charts. I am just going to extend this make this bigger We don't really care about the daily chart anymore. I did get a signal here and This was the 830 candlestick my time mountain standard time And let me go ahead and start showing you all the trades that I made today. Look at that I made a total of eight trades four round trips Today this was the most trades I've ever made in I think ever probably Yeah, if you can believe that the first buy was 22 minutes before the close of The candlestick in which the signal came in on so that was basically my first Sort of mistake. I got in way too early, but I bought one. I bought a starting position One as you guys know, I like to trade at least two calls two options two contracts because of my strategy my strategy must involve more than one option and Maybe I've never mentioned that before but either way you always see me trade More than one usually just two for the time being still trying to grow that account I am went ahead and put in a sell order at 355 it executed eight minutes after the close of that candle Now here's the weird part. I was trying to buy another option One more contract After the this one closed it wouldn't let me I was doing something wrong I am pretty positive that I was doing something wrong It maybe it had something to do with the fact that I already had one Option looking to sell. I'm not sure. I have no idea. But anyways I couldn't buy I didn't end up buying that other Contract I figured two minutes after I sold that I was gonna get cute and Buy one at a lower price than where I originally sold and I placed a market order at 345 My logic behind why I bought a second one was I was hoping to Ride this wave. This was terrible of me to say but I was sort of Trading on hopes and dreams and any anytime that happens. It's just not a good recipe So I bought it at 345 Five minutes later. I ended up Selling at 316 at this point right here this buy Sell buy sell I was basically even Per dollar amount. I was up three bucks But because of commissions, I was breaking even a little more than half hour I Saw that the markets were moving below this lower mobile ban So I decided to get cute again and and I told myself well I'm gonna trade this thing as if I Got a new signal for the very first time on this candlestick and that's what I did That's essentially what I did. I went ahead and bought in a starting Starting position at 331 and all by the way, I'm so sorry. I apologize Gone through way past half of this video. I was training the 221 50 puts that expire in seven days on the cues With that being said I bought a another starting position at 331 bought the second one at 328 and then I put in a sell order for 362 10 percent above my average price of 331 and 328 and then it started kind of Going back and forth back and forth and then it came back down to 335 at that point. I was just breaking even on that contract pretty much and It actually went into negative territory from where I originally bought at 331 So that was that was it the play was over. But as you can see The market started moving lower throughout the day lower and lower and lower but Moral of the story and guys do not over trade do not over trade be patient I need to work on that guys. I need to Work on waiting for the signal for that candle to close on the signal To solidify that that signal is gonna stick In just do it. Just follow the plan follow the trading plan Everything will be fine guys. There is no reason Per my research per my due diligence. There is no reason why I shouldn't be successful why 2020 Can't be or shouldn't be my best trading year ever Following this strategy if you want to know more about this strategy the mobo band Strategy I'm gonna put some links in the description down below Also a couple of other videos that will explain to you how this strategy works. It was not my idea I'm not the writer. I'm not the author of the strategy But if you need help have any questions or concerns about this strategy or about my trading in general Comment down below guys. I will personally Reply to any of those comments or your warrant more than welcome to email me with any questions or concerns Thank you so much everybody for watching this video. I'm sure you can learn from my mistakes I know I will and I will see you here on the very next trading video Hoping it's a green trade Don't forget to hit that subscribe button down below like and share my videos I would greatly appreciate it. See you guys here next week. Everybody. Have a fabulous weekend be safe Have fun guys. Take care