 What's going on everybody this is Giovanni from the options trading channel today's March 3rd 2020 It's been a while. It's been over and not over just under two weeks since I've placed a trade And I finally got to trade today. I placed two trades I kind of cheated the system mainly because I was very antsy to try to get myself into a trade And I'm not necessarily proud of it, but it was a winning trade. So I got to tell you about it I traded the cues qqq. Let me show you the trade here It's two individual trades the first one and I traded the the exact same puts I traded the uh, two 11 puts That expired in 10 days March 13th. This is again on the cues The first and I only bought one at a time I and that's not necessarily the way that I like to do things But they're so expensive. They're so expensive because the markets are have been moving so much lately So the first time that I got in I bought at 6 13 got in at 11 43 And what you're looking here at what you're looking at here in these three charts off to the far left You have the intraday one minute chart of the options that I was trading The minutes or excuse me the middle chart is a one hour chart on the cues and the far right is the five minute chart on the cues But I'm actually going to change that to the daily charts And I'll tell you a flaw In this strategy that I've been using but first of all, let's talk about that trade. I bought in adds 11 43 my time 6 13 11 43. Where are we? Right smack dab there Right there of course a bunch others Did trade oh just just three three Three trades there three contracts But I did just buy one and then I sold that one for just under 10 gains at 6 70 Um at 11 55. So what 12 minutes afterwards 11 55 Right there 6 70 that was a good trade and actually ended up going all the way up to 7 60 again, I'm not necessarily disappointed. I made my money. I'm good. It's 10 10 percent is always my base easy targets To to shoot for and then the second one I got in at 6 47 right towards the end of the day just 17 minutes before the closing bell At 6 47. I might my original plan was I was going to hold that Contract overnight What time did I get in? 143 my time. What is that 143 my time right there? 6 47. Oh no No, no 143 Which is the next one right there at the top there And then it actually ended up taking all the way to 5 65. I did not actually see that I'm thankful for that and check that out. I ended up selling at 7 11 for again just under 10 gains at 151 just nine minutes eight minutes before the closing bell. That was me. That was me I was really proud about that. Let's break down that trade that trade essentially We were waiting for the markets to bounce a little bit to retrace And once it did yesterday it closed above that upper mobo ban Again, this is a one hour chart closed above that upper mobo ban Waiting for it to close below that lower mobo ban as well And the it's scary guys. It's scary trading these markets. What's so volatile? The spreads on these options are ridiculous sometimes I saw as as wide as 50 60 70 cents at a time. That's huge And that's why you know as soon as I got into profits hit my 10 gains I just got out but knowing that it didn't actually Starts moving higher and it came back down. I decided to trade it again And I don't know why it's not showing up the profit loss for the day It was 121 dollars. I didn't make 121 dollars off of just two options one at a time As you can see for the year the profit loss for the year. I'm up 50 or excuse me 500 dollars, which is 50 percent That's huge. That's really huge. That's not a whole lot of money. I'm not concerned about that I'm never concerned about the actual dollar Value I'm concerned about the the percentage returns because really the idea is I can just scale up my trades just trade with more money Keep piling it on keep piling it on never trading I never want to get myself into a situation where I'm trading with 100 percent of my entire Portfolio in this case, you know the 1500 dollars, but that's you know, again, that's Well, we'll see how it goes. It's kind of tough Realistically speaking trading with a lot of money a lot of money meaning maybe a hundred thousand dollars I wouldn't want to trade more than five ten percent out of my entire portfolio in one Position many would say that's even too much Some people would love to bring that down to one two three four percent But again, it's not really realistic whenever you have a 1500 trading account So again, I just wanted to show you those trades that I made today I was pretty proud about those those trades and again I I didn't tell you exactly how I cheated the system. I actually bought well before that candle actually closed Confirming that it closed Below that lower mobo band. So I did cheat a little bit. That's not necessarily my Uh mantra motto not the way that I do things But I was really itching for a trade and the funny part is had I actually waited to Trade at the close of that candle would have gone in at 12 30. Let's say the same options 12 30 There wasn't a trade at 12 30, but at 12 31 would have bought in at 682 10 percent that's 68 cents as you can see it went up to 760 so you could have made your 10 had you been patient actually followed the strategy itself Um, I let's move on a little bit to The flaw that I noticed in this strategy. It is a trend strategy with that being said When the trend just keeps going and doesn't pause Like it it was all this time here. It would go up consolidates That's where we would get in go up consolidate go up consolidate and so on stair step Staircase kind of mentality or view visual for you guys that like that Um, it's just been just down down down down down On the cues on the daily chart as you guys know as I have explained it in the past The direction that we trade the strategy is based off the daily charts We got a down arrow. We were trading the markets down beginning February 21st and as you can see from February 21st. This is the first here We never got a down arrow because it was already trading underneath that lower mobo band And we never trade against the trend. That's not the way I do things never go against the trend The trend is your friend It's more accurate in my opinion anyway, so There it is in a very quick layman's Nutshell kind of way The trade that I placed today in my mentality The flaw again, if I didn't explain myself is once the trade once the trend has established And there's no breathing room. You miss all of this huge retracement basically The reversals and whatnot so Um, it just it is what it is long story short. I'm here for the long term. I'm not here for Just the you know one trade two trades. I'm going to trade the strategy for the long haul long term We play the long game here. We We never go against the the trend and we play the long game guys Thank you everybody so much for watching this episode this trade. It was a green trade I'm up 121 dollars on the day again, not huge but overall just under 10 percent That's the other thing a lot of people Would take this trade these two trades and you would compound it I made, you know 10 percent here 10 percent there. They would call it 20 percent. That's not the way they That they should Advertise their returns. You take the average of both trades whatever, you know, whether you lost or made money on Take the average Of those two trades and I made just under 10 percent today for my entire position That I traded with so Alrighty guys, don't forget to hit that like button and comment down below what you thought about this video What you made money on what you lost money on if you haven't already Also hit that subscribe button down below. It'll help me out tremendously It would mean the world to me guys Thank you everybody. I'll see you here on the very next trade hoping it's a trade Talk to you guys later