 Good morning everybody today is Tuesday, December 11, 2018 and We don't have a single thing going on in Forex factory Now one single thing today, which is a good thing. It's a good thing, but it might be a slow day but either way we're looking for our Signals here, so stay tuned everybody as always. We are always going to be patient waiting for our setups I just noticed a signal here on Baba forming. It's a first five minute candle I don't like it to begin with but I just don't like the play in general I'm just gonna let that one go even if it sticks again Five minute candle first five minute candle don't like him everything else Seems like it's tanking too I'm liking spy here. Let's see what we got I went ahead and bought one put 267 puts Got in pretty high. I got in at 290. Let's go in our direction now looking decent here You can go ahead and get it out. Just Didn't like the action there lost the $11 on that trade there But at 290 sold at 279 11 dollars. That's okay That's okay. I'm I'm okay with that Didn't lose a whole lot. I was only trading one contract What's going on everybody, this is Giovanni from spy options trading I placed a bad trade today. I'm not that mad. I'm not that frustrated with myself Personally, I think I did the right thing. Well, actually in hindsight. I did the terrible thing of getting out I didn't follow my trading plan. I never do I need to get better at that before I actually start talking and basically Analyzing it after the fact. I want to give you guys a little piece of my Algorithm I'm starting to use the ATR to get out of trades Basically my stop loss whatever the ATR is at on the five-minute chart the moment that I get in I multiply it by one and a half and I get my stop loss today's trade that stop loss was 60 cents from the High of the candle where I got in which was pretty gosh darn high I would have been losing somewhere around 40 50 percent possibly Had it's got to my stop loss and got out for for a loss the so that's sort of the bad news Had it's gone Completely against me and got out. Here's the other bad news it didn't hit my stop loss and It went in the Direction that I was thinking that it was gonna go in in the first place I'm not too frustrated. Honestly. I'm not too frustrated today's Market conditions, I guess we're a little Wacky in my opinion. That's the best way I could describe it is wacky. I got in Went completely against me. Thankfully I chickened out down here and not way up there while I was already, you know down You know 30 40 percent I'm not sure how much I would have been losing but It went completely against me and in one minutes spy moved over 60 cents and then It started turning back down to where I got in and then it went back up and then finally it went in Down and those puts that I bought at 290 sold it to 79 They're trading at four dollars and 21 cents in essence. Yes. I'm mad that I wasn't a part of that move But I think in my opinion I Did the right thing by getting out as soon as I noticed that there wasn't any momentum going to the downside I can't do this. I can't do this. I can't trade by feel I need to trade my system my strategy and I'm gonna work on that But you know for all my subscribers all my viewers if you're watching this video all the way through I'm using the ATR to find my stop loss Keep in mind that Even though today on a whipsaw day, it was a bit rough It didn't hit my stop loss and had I stuck in there with my strict strategy my plan I think I would have came out in the green. I think But this is exactly why I'm showing you guys too many youtubers They're liars too many youtubers too many traders they're liars. I'm gonna show you all of my trades I'm gonna show you the emotional side the psychology behind trading live so to speak and And showing you like all my my behavior basically I'm not too mad I'm not too frustrated could have made quite a bit of money It hit my target price after it actually started hit my target price take profit price of $3 and 19 cents that's exactly 10% And now I was only trading one contract to begin with so I couldn't You know even say that I would write it all the way up to you know where to have over $4 So I only lost $11 $12 after commissions I lost Less my my loser today is far less than my winner last time And so I'm happy right now We're good. Let's just let's just keep going Let's keep going with this trading strategy with this trading plan, but yes I'm using the ATR to figure out my stop loss So the the rest of the month is gonna be tough for me to train This is a really busy time of the year for property management So I'm gonna cut down drastically on my video content But I'm gonna try to make it up in other ways Don't forget today guys seven o'clock mountain standard time nine o'clock eastern time We have the live podcast with Lindsay Duff I think it's gonna be awesome. It's gonna be live podcast We're gonna have a Q&A session towards the end and if anybody has any questions About trading in general. I think it's gonna be awesome guys. It'll be my first live podcast ever Let's see how I do guys. Thank you so much everybody For watching hit that subscribe button hit that like share my videos I would greatly appreciate it comment down below what you thought About this video about my trading about my strategy anything you guys want to talk about comment down below guys Thank you so much everybody. Have a great day