1 year ago

T&P Trading Strategy
I always start off with the bigger time frames and look for uptrends, downtrends, rejections, channels, wedges, But PRIMARILY the OVERall trend. (Weekly & Monthly chart). And this is ofc after you have picked a good volatile stock
Once we have found the overall trend or pattern we take that into consideration and go to the smaller time frames. Taking $SPY as an example SPY is currently in a downtrend on the weekly. SO we know that the bigger money is in the puts because that's the overall trend… THE TREND IS YOUR FRIEND so in a downtrend I would much rather take puts than calls.

Breaking it down from the weekly to the daily we look for pullbacks, major resistance, ema tests, and structure breaks.

After that we go down to the 1hr and 30 min to look for the entry ONCE the setup has been defined on the daily you look for a rejection, bounce, breakout…
We always make sure to mark up stop loss and profit targets to ensure a strict strategy to limit losses and maximize gains
After I have entered the Trade I look for 20% gains and leave the rest for runners to our marked up profit targets and then rinse and repeat

This strategy CAN BE USED on SMALLER TIME FRAMES as well. You can start off with the 1hr chart then go to the 30m chart then find an entry on the 15m and 5m chart you can even go smaller BUT understand that the smaller time frames you go the SMALLER ROI % You’ll get because there is less range.