thank you for the video and explanation, do you have this automated, or do you have to adjust manually the stop loss as the profit moves?, if you have this automated could you please make a video about it, specially for interactive brokers?, if not at least if you could describe whether you use a limit, trail limit or stop limit. Thanks again.
@videoanalyst4u
3 ай бұрын
+1
@albertodeulofeu5277
Ай бұрын
I trade only 0dte spreads. My positions go negative 100% often. I’d never make any money if I did this. Should I maybe bump it up to 2-3x?
@sidanhe147
5 ай бұрын
The Spx 0dte moves really fast and you might not be able to stop loss by price level you displayed here
@adriansand5890
4 ай бұрын
nothing is 100% in this life... all you can do is improving your adds! You don't play this when the FED talks, unless you want to take a higher risk, for example! use your brain!
@grandheightinvestments6482
8 күн бұрын
What if your stop loss is taking you out of winning trades?
@sonny5982
10 ай бұрын
What was your YTD % returns this year?
@GB-kl2pd
3 ай бұрын
Love the video. With spreads I believe some brokers don't allow stop losses on spreads. However, for the ones that do, are you placing the stop on the short leg, the long leg or both? Thanks.
@CreditSpreadInvesting
3 ай бұрын
I'm setting them on both legs, but as one order. hopefully that makes sense. It's like when you open a spread, you can open the spread with one order... i'm just closing them as one order.
@thomas1942
9 ай бұрын
I been watching your videos for a while now, and it seems the majority of your spreads or csp you let them run until expiration. Do you always follow your stop-loss rule? It seems even with the stock going back and forth a bit it never seems to hit your stop-loss. Do you stop moving the stop-loss up once you hit break-even? Case in point, i had a NVDA csp and it stopped me out after todays drop. Thinking back i wonder if i should have let it stay as is once i was at break-even ... i guess the next couple days will tell.
@CreditSpreadInvesting
9 ай бұрын
I view CSPs and credit spreads very differently. And as a result I trade them very differently. 1.) CSPs for me is a way to acquire a stock at that specific strike price, so when I sell a put, I’m expecting to get assigned. I dont set stop losses because I’m not “trading” per se. I’m just selling puts aggressively hoping to get assigned and collecting the credit waiting. 2.) for credit spreads it’s different. Those im trading so I always set stop losses. Usually based off of price action. and with trading it comes with the potential of being wrong. I could have gotten stopped out because of a fake out and the market continued in the desired direction…. There’s no such thing as a sure fire trade. Every trade comes with risks and my stop losses are set in a way where I’m trying to minimize my risk while trying to be right as often as possible. Hopefully that helps but from your example with NVDA, I’m seeing a very common experience where getting stopped out feels bad. But my mindset is usually, it can always get worse. Market can continue down tomorrow. Or in the other case, maybe NVDA breaks back up, but in the future maybe you don’t abide by your stop loss in another trade and take a massive loss. If you’re trading it’s all about minimizing losses and being consistent. You can’t be perfect and win 100% :) haha okay yeah… maybe a bit of a rant here but let me know if that helps and if you have any other questions? And thanks again for being a long term viewer.
@iamSaiR
6 ай бұрын
is it possible to automate the this stop loss mechanism?
@markparkinson7793
10 ай бұрын
Very good visuals. Do use hard stops or soft stops. If you do soft stops, some markets chnage very fast. How can you do all those calculation when the market is moving extremely fast?
@CreditSpreadInvesting
10 ай бұрын
Personally I use more hard stops than soft. I’m not a fan of mental or soft stops cause it’s just too easy to not abide by them. You have to be extremely disciplined which usually comes with experience. I usually recommend to everyone that they start with hard stops to get used to losing money gracefully and then try soft or mental exits.
@flextime6349
10 ай бұрын
How often do you do iron condors vs just selling credit spreads?
@CreditSpreadInvesting
10 ай бұрын
A lot more credit spreads than iron condors. I always start with a credit spread and then if the opportunity looks right, then I’ll open up the other side and make it into an iron condor.
@EvanEvansE3
10 ай бұрын
Since it doesn't require additional buying power to add the other side, I'll try and add it if it seems very probable. Free trade. Depending on liquidity, etc, of course.
@CreditSpreadInvesting
10 ай бұрын
Yeah exactly! Good way to put it!
@crayola84
9 ай бұрын
Great video. What brokerage or software/app do you use for the stop losses? I know almost all of them do it for underlying stock prices, but am having some trouble finding one for options.
@CreditSpreadInvesting
9 ай бұрын
Mainly thinkorswim and interactive brokers
@terryneal5569
7 ай бұрын
on TOS you can set a stop loss as soon as your order fills , just go to close order and there is a drop down that will show a stop loss choice. TOS is all I use and can speak on.
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