 Hello everyone and welcome to Option Tiger's video series on How do you create a cutting-edge trading plan for success? If you are a trader or an investor in the US financial markets, this video series is going to be extremely important for you because it gives you the steps of how to create a trading plan for success and how do you implement such a trading plan for success. We all know that trading is a very emotional activity. And we are always second guessing whether we got into the trade at the right time. Did we get out of the trade at the right time? Did we leave profits on the table? What could you have done better? And how could you have maximized your profits on the trade? This video series is going to peel the layers of all of those questions and make trading and investing a no-brainer decision. For this, you need some cutting-edge algos and indicators and we will show you all of these in the following videos. This will also be followed by a live market demonstration of all these algos and indicators that help you with your trading decision. But first, let me give a brief background of myself. Many of you may not know me. My name is Hari Swaminathan. I am the founder of OptionTiger.com, a company based in the Washington DC area. I'm a best-selling Udemy instructor with over 120,000 students. I have a bachelor's degree in engineering from India and an MBA from Columbia Business School in New York. I've been trading the financial markets for about 20 years now and I'm also a financial markets educator. Without further delay, let's get into the meat of the issue. What is a sound trading or investing plan? And when you look at it, you can break this down into some simple steps. As I said, as human beings, we are susceptible to making wrong decisions, making emotional decisions. And when it comes to trading and investing, you want to take these emotions out of the equation as much as possible. So when you break down trading and investing activity, you can break it down into four or five key steps. The first one is the ability to identify the right candidate for a trade. The second one is to be able to get a very high probability edge on your trade entry. The third is the ability to stay in a winning position as long as possible. And fourth, you want to exit the trade at the appropriate time. All of these steps involve emotion and what we want to do is try not to have emotion come into the picture at all. All trading and investing requires some tight control on risk management and trade management. That is just simple trading philosophy. But the four main steps are the ability to identify the right trading candidates. You want to get a very high probability entry. You want to stay in the winning position for as long as possible. We all know that we tend to cut our winners short and we hang on to our losers. This is a very typical situation faced by most traders and investors. So you want to exit at the appropriate time. If we can implement a trading plan that tackles these four important steps without having any emotional involvement as possible. Then we can create a sound trading plan. What you're going to see in this video series is five proprietary algos and indicators that can implement this plan consistently without having emotion come into it at all. Which means you're looking at very visual charts. You're looking at visual indicators that will tackle the problem of identifying the right candidates that tackles the problem of getting the most high probability edge to your entry. And importantly, the ability to stay in a winning position as long as possible so that you can exit the trade at the appropriate time. Of course, nobody can time the market perfectly. We cannot get in at the absolute lowest point and we cannot get out at the absolute highest point. That is just not possible. However, if we are able to catch 75-80% of the move, that is a fantastic trade. And if you can have eight or nine such winning trades and control the losses on your losing trades, then the numbers game works out for itself. The most important aspect is this is all going to be visual and it will take your decision making out of the equation as much as possible. It's going to take your emotion out of the equation as much as possible. So let's go take a look at what these indicators and algos are and I'll show these on the platform as well. The first step is the starting point for trading successfully, which is identifying the best candidates. What you're going to see on the platform is a scanner that will work on any watch list. We all have watch lists with all the stocks that we want to trade. Every person would have a different watch list. That doesn't matter. And every person has a different style of trading. You could be day trading. You could be swing trading or you could be a long-term buy and hold investor. All of that does not matter. You'll see that these powerful scans work on your watch list on the Thinkorswim platform by TD Ameritrade. These watch lists will give you five different states for every stock. Whether they are very bullish, whether they are very bearish, whether they are bullish, bearish and neutral. And these watch list scanners will do that for a short-term day trading type environment as well as for longer term swing trading environments. These indicators are proprietary option tiger intellectual property and they have been developed by me. I have designed these indicators because I have faced these very problems that we are talking about where emotion gets in the way. And sometimes you pick the wrong candidate or sometimes your entry into the trade is not optimal. And many times you tend to leave money on the table by taking your winning trade too soon and keeping on your losing trades for too long. All of these are personal experiences that I've had myself and therefore I took it upon myself to build some cutting edge indicators that will help me take all these decisions in a very visual sense without any emotion involved at all. The second step involved in having a good trading plan is your trade entry. Trade entry can be very powerful because if you catch the right entry that itself will give you a huge edge to your trade. And the multi-time frame trend indicator is the most powerful and flexible trend indicator. It captures price action on all chart time frames. So whether you're a stock trader, you're a futures trader, ETFs, gold, it doesn't matter. And it does a deep trend analysis on five levels in a single chart. So this makes it a very visual representation of the trend. And you also have a master level indicator that tells you how many trends are aligned and this makes it a no-brainer tool. It works for any kind of a trading environment whether it's intraday, whether it's swing trading lasting a few weeks to a couple of months or even much more longer term trading or investing by and whole type of investing. So we'll be looking at this as well. And then the very important step is how do you stay in a winning trade as long as possible? So we have a customized RSI that is customized for persistence, which means it helps you stay in a winning trade. This is once again visual. It works with the MTFT as well as the SPX sticks which we'll get into at another point. It confirms a great trade entry point and it also confirms a great exit point as well. Let's go to the platform and see all these indicators briefly and then you're going to see short videos on each of these indicators and we'll explain how all of this works. This is the thinkorswim trading platform by TD Ameritrade and many of you may be familiar with it. If you do trade on Fidelity or Charles Schwab or any other platform, you can always open a thinkorswim account on TD Ameritrade with the minimum of $100 and you can install all of these indicators on this platform and use it for your analysis and continue with your trading on your regular platform. On the left hand side, you'll see your watch list and each person can have their watch list as big as possible with whatever stocks you're interested in. And once you install the watch list indicators, you'll see these two columns called day trades and swing trades. You can click on these columns to sort them and so that you can have the very bullish on the top and the very bearish and then you have neutral and then so on and so forth. These indicators give you a powerful representation of which stocks to zero in on for your trades. In a day trading environment, you want to go to a very small chart which is a one minute chart and then in a swing trading or longer term trading environment, you want to go to a daily chart and what you're seeing here is the SPX on a one day chart. So this is about a one year daily chart and you can zero in on this and you can see all of these very bullish stocks. Let's take an example of Goldman Sachs. You can click on it and you can see it is bullish. If you take a look at Caterpillar, certainly it is bullish. It's just come off earnings here and if you look at Boeing, that is definitely bullish. If you look at any of these stocks over here on the watch list, it will tell you which stocks are bullish, which stocks are bearish. So this helps you zero in on your trade without having to go through your entire watch list looking for good trading candidates. Once you've identified the trading candidate, then you want to look at the multi time frame indicator. This is the indicator which has all of these red dots and green dots and you also have a master level indicator. Now future videos will explain how all of this works but this is a trend indicator that tells you when you can go bullish, when you can go bearish. On the stock, you want to see all of them aligned. The master indicator aligned when the master indicator lights up, that's telling you that a trend is certainly developing. Whether it's to the bearish side or to the bullish side. So if you look at Boeing right here, what we are looking at it's telling you that it's a good time to take a bullish trade and you can see that if that was the level at 143, then you could be riding this trade all the way till here. And when you see some red dots coming, you want to exit the trade. The third indicator here is the customer RSI and this is going to help you stay in a winning trade. Look at the same example here. If we got into Boeing at 143, the customer RSI is telling you to stay in this trade. It is in the bullish zone for a long time and it really doesn't come out until here. So you could have been in this trade for three months and had a fantastic trade on Boeing. So this is a brief description of the indicators. Now future videos is going to explain how all of this works in great detail. We'll see you there. Thanks.