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Stock Option Day Trading with Chart Pattern Trading Tools

Level 2. 10% in 10 Minutes. Secret Proven Stock Options Strategies & Systems Revealed using Chart Pattern Trading
Instructor:
Scott Paton
8,927 students enrolled
English [Auto-generated]
Choose profitable Call and Puts
Understand basic strategies for entry and exiting of trades
Know the "10% in 10 Minutes" Options Strategy and How to Implement It

Can you make 10% in ten minutes trading stock options with Chart Pattern Trading? No one but you knows the answer to that question.

What we do promise is that you will learn the tools in this course to make make 10% in ten minutes on a regular basis. Those tools include how to use our exclusive Waves of Profits software, how to control Fear and Greed, journaling, and identifying patterns of success. This course builds on our first Stock Options Trading course, “Stock Options Trading – Make Money & Income From Day Trading”.

If you are very new to day trading, options or the stock market, we strongly recommend you shortcut your learning curve by building a strong foundation for success.

If you are an experienced Day Trader, the tools you will learn in this course will take your success rates through the roof.

The most important part of trading is protecting your capital and that comes from managing risk. What can you do to minimize your exposure to capital losses?

One thing you can do is to make sure you are not gambling. Day trading is not investing. You don’t buy a stock and hold on to it for a year. You buy a Call or a Put, and sell it ten or fifteen minutes later.

And if you follow the right rules and use our exclusive tools, you will find with practice, trading options becomes easier and more profitable the more you do it.

We have back tested our theories over 50+ years of stock data. We have refined our theories and rules with a small group of diligent ‘beta-testers’. We have grown our own accounts.

But what we do isn’t as important to us as what our students have done and their successes, nor it is as important to us as how you can do.

In this course, you will learn:

  1. How to choose the best stock option opportunities with Chart Pattern Trading
  2. The basic rules of options trading success
  3. How to make 10% in 10 minutes
  4. The best way to practice
  5. How to protect your capital
  6. How to minimize your risk
  7. The secrets to successful practicing
  8. How to access our exclusive Day Trading software for a month FREE! Discover for yourself this system works.
  9. What indicators you should watch
  10. How to access our eleven exclusive proven indicators
  11. Our proprietary rules for option success
  12. How to practice in near-real market conditions without risking any capital
  13. How to practice at normal market speed or at double market speeds so that when you are trading live everything looks like it is unfolding in slow motion
  14. How to stop yourself from self-sabotaging your success
  15. Why you should only trade once a day
  16. How to use the Waves of Profit software to increase your success rate
  17. Entry and exit strategies
  18. Case studies
  19. And much more

There’s no better time than the present to make money trading options. Start today and find out what successful traders know to make 10% in ten minutes with Stock Options and Chart Pattern Trading!

Introduction

1
Introduction to Day Trading Options

This course will teach how to replace (or improve) your current income. The purpose is to get your life back from the 40 hour work week. We have many students that have significantly improved their lives by doing some up-front learning and practice. This is happening for many people.

2
Your Two Biggest Enemies: Fear and Greed

The market runs on Fear and Greed. Your success depends on your ability to rein in your Fear and your Greed. Using a strategy and having tested it in simulator makes it easy to enjoy trading and be successful too.

3
Risk

The easiest way to lose all your money is to ignore Risk. Allen and Scott put Risk into perspective.

4
Review of Calls, Puts, and Candlesticks

This is a quick refresher for people that knew (and forgot) Calls, Puts and Candlestick basics. The previous course (in this series) explains them in greater detail.

5
Introduction to the Wall Street Genius

The software we use is Wall Street Genius suite. It has basic investing and also the Day Trading software (which is built by Day Traders for Day Traders). Quick tour to launch the Replay and Live versions.

6
Why 10% in 10 Minutes

Everything has limits. A rational yield is better than long-shots that mostly fail. We will look at examples where 10% is achievable on a daily basis. Your inner-engineer will love this (without being overwhelmed).

7
Is 10% in 10 minutes real or scam?

Until we see something, it's often hard to believe its true. Here you can see that 10% is possible. Snapshot from a lazy market where more than 10% is available. This shows that profits are possible.

8
Introduction

Tour of the Wall Street Genius

1
Practice Securely Without the Risk of Financial Loss

There is a work-flow for success here. Start with learning the principles, then put them into action (with practice environment). After that, it's time to get the benefit of knowledge AFTER the practice has proven to be successful.

2
The Replay Function

Get ready to practice! Allen shows you how to use the replay function as well as the 'Game' function whereby the software randomly picks a day, doesn't tell you which day it is so you can practice trades without any knowledge of how the day went.

3
The Three Windows to Options Success

Scott and Allen share what the three screens mean in the software. These panels show up when you start up Waves of Profit.

4
The Short List

The Wall Street Genius 'Short List' selects the most likely stocks and options to watch and possibly trade.

5
Buy Sell Buttons

Turn learning into a game by using the "Buy/Sell" feature to make 'paper' trades (meaning you don't lose money if you are wrong) and become more confident and competant quicker.

6
Tour

Indicators

1
Indicator Introduction

Indicators give us a perspective. Let computers do the work of making a determination from a useful perspective. Is the stock Trending? Is the Market flat? Will the stock reach a "bounce" point soon, or is there room for it to keep moving in a trend? Good indicators help answer these important questions. And computers are great for painting those perspective for us.

2
Indicator: Support and Resistance

The markets are driven by the beliefs of people. There are places they want to buy and sell. Previous Tops and Bottoms are clues on previous buying and selling points in the market (for that stock). These are helpful.

3
Indicator: Y-Point

Y-Point indicator is much faster than normal Support and Resistance markers. When you get a Y-Point marker, should consider exiting a trade soon. A previous Y-Point marks a support or resistance price.

4
Indicator: Volume and Volume Genius

Large (profitable) moves often start and end with a volume spike. The Volume Genius indicator figures out what a relative "spike" is and draws it on screen. Volume isnt a guarantee of a good move, but it's another good marker for good moves.

5
Indicator: Breakouts

The previous days, and the morning range, give us support and resistance prices. We're looking for a breakout of those previously defined ranges.

6
Indicator: KBand and Signal System

K-Band Signal and the Signal System give alerts for a potential trend. They need other "confirming" indicators. Combining indicators means we have a higher probability of profit.

7
Indicator: Moving Average Genius

"Moving Average Genius" (MAG) Line is right about 90% of the time. Never fight the MAG line.

8
Indicator: Profit Zones

A "junk filter" is very helpful. Also, knowing which stocks to watch for good moves later in the day is helpful for people that want more than one trade, or can only trade in the later part of the day. This indicator gives us both insights.

9
Indicator: Target Prices

Target Prices gives us a useful guide on where the stock movement might stall (ahead of getting there). It's based on a well-established set of formulas that have been used for decades by floor-traders (professionals).

10
Indicator: Multiple Timeframes

Using different time frames to get better perspective for opportunities and good entry confirmation.

11
Indicator: Market

To make bigger profits, use the strong market days to help you easily get there. The power of the market can drive all the stocks in the same direction. The Basket and Minute Log are shown here. The easiest trading days of the month are shown here.

You don't go skiing in August in Whistler. You don't go swimming in New York in February. There are good times and poor times to trade Options. How do you know if today is a good day or a poor day?

12
Indicator: Time of Day

Trading times that are best for making money. There are times that are very fast, slow and everything in between. Here you get a feel the the market and know the trading times that will suit your goals.

13
Indicators

The Rules of Option Success

1
Trade Rules Introduction

Trading Rules are short videos about a single topic.

2
Rule: Confirmation

Need to use multiple indicators to have confirmation for a good trade opportunity.

3
Rule: Agree with MAG Line

The MAG line confirms which side to be on. It marks an Exit that's almost always better than hanging-on, hoping.

4
Rule: Higher Highs, Lower Lows

One of the oldest rules for trading. And it generally works.

5
Rule: Consistent Candles

Candles (by themselves) can tell us the direction of a stocks prices. Want consistency in their colors for the start of a trend. The end of a trend can be 2 opposing candles.

6
Rule: Mindset for success

The typical trader that follows the rules is right about 85% of the time. Some students are making profitable trades 100% of the time. What's the success-making difference?

7
Rule: Fresh Trades

Trends dont last forever. Need to get in on the early portion of a good trend.

8
Rule: Dont Chase

If the stock has moved well already, don't chase it. It might be done for the day, or for the next while at least.

9
Rule: Market Strength

The strength of the market can carry you to great profits. Learn to watch it and ride it.

10
Rule: Time and Timeliness recap

Time of Day, the timeframes (charts), and acting in a timely manner are the topics here. This is a review and brings the time factors together.

11
Do the Rules Always Work?

The rules are very helpful. There are rare times when a trade looks good, fits the rules, but isn't good. Leave with a tiny loss and learn from it. Typically the trade didn't work out because we missed one of the rules. Usually we only make that mistake once.

12
Rules

Extended Abilities - Optional

1
More Features than one person needs

This section is optional. Please focus on mindset, strategy, and the fewest things you need to get to 10%. Come back and learn more when you're good with the bread+butter trades. There are a more details here than you need.

2
Lists of Stocks

We look at different styles of lists. People usually pick one format they like best. This is an overview of the ones available. We'll focus on the Short List for most videos.

3
Types of Charts

There are many charts available. We only need to use a couple. The other charts are available for the serious explorers that want to personalize their trading.

There are charts that track along with your current stock, and others that stay pegged on a specific stock.

4
Toolbar and Settings

The toolbar can get you to other features easily. The Settings can change the indicators shown, and how they are presented (colors, line thickness). You can save your settings and load the factory settings too.

5
Knowing when the Basket is strong!

It improves our success when we know the stocks in our basket are moving together. When the herd moves in unified manner it means we shouldn't fight the basket direction by going with a contrary "rogue" stock. When the basket isn't unified in it's directional movement (stocks are moving in different directions) it's okay to go with a rogue stock. This lecture shows you an easy tool and how to use it.

6
Cool Stuff

Alerts audio "Look at IBM", Moving Alerts, mini charts as a floating candle, dancing mini charts, motion map, minute log.

7
Finding Missing Forms

Sometimes a window isn't visible because of a change with monitors, or just cant see it. This quick video shows all the ways to find the missing forms.

8
Extras

Options Success Strategies: Entry

1
Entry Rules Summary

IMDBOSS reminds us of the necessary elements for an entry.

2
Entry Strategies

One strategy to begin with. Focus on one until you are successful with it.

Other strategies are variations (adjustments to the indicator combinations) of this strategy.


Options Success Strategies: Exit

1
Exit Strategies

To get paid, we need to leave the trade. Here you see the best exit styles.

The 10% in 10 MInute Strategy

1
What is the "10% in 10 Minutes" Strategy?

10% happens every day. We have a great chance of finding these trades. During the right trading times, the 10% target can be met in under 10 minutes. At other times (afternoon) it can take longer to reach that goal.

2
A Year of Successful 10% in 10 Minutes = Financial Freedom

A few people that are free. Ben (not an Engineer anymore). Tom (Surfer - living on his own), Steven (regularly makes GOOD money in markets). They treat it like a simple business. They have the choice to keep the job they like or spend their day with a sports passion.

3
Examples of "10% in 10 Minutes" Calls

We look at a random-selected day in the past 5 years where you can follow along (with the Replay program) and see strategies that work. A good strategy should work for many years. We test it.

4
Examples of "10% in 10 Minutes" Puts

We look at another randomly-selected day for Puts. The morning trade is faster than the afternoon. Sometimes we can make two trades on the same stock. Usually we make one trade per day period.

More Trades

1
Case Study 1

One stock that could be a "worst case" of looking good but failing. A review of the rules and how they work together very well. If you get a bad trade, have a look at it later to see what you missed.

2
Case Study 2

Show trades from front to end.

3
Case Study 3

Looking at multiple trade opportunities for June 4, 2015 trading day.

4
Case Study 4

Looking at how the big indexes are useful and can be traded. June 5, 2015 has multiple opportunities.

5
Case Study 5

Example of following the market "basket" direction. Example of a gap strategy working and how Risk Zone helps you.

Also how personality can affect the trading choice you make. And we should pick trading style that matches our temperment.

6
Case Study 6

A poor market day and showing that short trades are available but not recommended. The often indicators tell you that the trade will be a shorter one (not a long run). This helps us decide if we want the trade. Lower profit and higher risk are generally known and gives us the choice to stay out or take the short trade.

7
Trading in the Afternoon

The afternoon tends to be slower and less active than the early morning trades. That does not mean there are no good trades to be had. Scott and Allen talk afternoon delights in this lecture!

Conclusion

1
Next Steps, 10 Day Free Trial of Waves of Profit with a Coach & Conclusions

Final thoughts and where to get continuing support.

2
Can We do a Trade?

We would like you in our circle if you're friendly... :)

3
Continuing Education

Keep learning about Options and how you can use them to achieve your financial goals.

Bonus Lectures

1
Making a Trade with the Broker

Show how to place a trade with the broker. Two ways to enter an order. The standard way is slow. The "insiders" way is fast and easier.

2
Knowing when to leave an investment

Gold was running up strongly for a long time and then it fell off. Many advocates said "Stay in." The indicators said get out. The indicators were right again. I'll show you how long term investing can be improved with the same indicators used in Day Trading. I personally only hold one long term investment that I bought as a family asset for my children's inheritance. Investing is too slow for my liking. However, if you like investing, the indicators can be very helpful.

3
Investing Examples

Some more examples of longer term investing. How to spot a good one, and more details on when to exit.

4
How to upgrade after the free trial

The upgrade requires a normal membership. This shows how to enter that information.

5
Daily Option Trades Making 10% in 10 Minutes (Updates)

Watch our YouTube channel for videos almost daily where we show you trades which wade 10% in 10 Minutes.

6
Getting Live Data for Free from Interactive Brokers

Interactive Brokers can be used to provide high quality data for the Live charts. This video shows how to set that up. This shows how to setup the feed for one computer. Did you know that multiple computers can access the same data feed? This video shows how to set up a multi-computer data feed.

7
Our Student Makes $45,000 in a Day!

$45K! Huge day for one of our students. The Chinese stock market melted down (crashed) and pulled down the stock market in NY and around the world.

I interviewed David and asked him how he did it. Then Allen and I dissected the days so you have a blow-by-blow description of the events.

The recording is not available in the course, but you can watch it on our closed Facebook group page.

https://www.facebook.com/groups/wavesofprofit/

8
FOMC Day - What Happens When The Fed Makes a Scheduled Announcement
Allen shows advanced strategies where he made two trades in less than 30 minutes: one made 30% and the other 20%.
9
Stock Trading Review for January 19 and 21, 2016

Allen and Scott are joined by a successful trader and discuss two profitable trades on January 19th and 21st as well as the outlook for the market.

You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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