The Truth About Trading

Short selling lets investors bet against a stock, profiting when it falls in price.

But how exactly does short-selling work? 

This podcast covers:

- what short selling is, 

- how short selling works, 

- the hidden costs, 

- the risks of short selling, 

- and what a "short squeeze" is

The Biggest Trading Mistake I Ever Made:
No Stock Trading Discipline And Patience

If you want to succeed in trading, you need 3 things:

1.) A Proven Trading Strategy
2.) Powerful Tools
3) The Right Mindset

If you miss ANY of these 3 elements, chances that you will make money with trading are extremely low. 

And when it comes to the right trading mindset, you need to have discipline and patience. 

In this video, you will learn 3 things to improve your stock trading discipline and patience.

Stock Market Investing Strategies For Beginners

Do you want to learn how to invest in the stock market?

In this podcast, you’ll learn about 3 different stock market investing strategies that can help you make more informed decisions when it comes time to buy or sell stocks.

There are many ways to invest in the stock market but not all of them are good for beginners. In this video, I'll show you investing strategies that are easy enough for anyone - even if you have no experience at all! 

The Covered Call Strategy is one of the first strategies that new traders start trading. Traders might use a Covered Calls on stocks that they have in their portfolio for longer periods of time. 

For the specific example that we’re going to cover today, we’ll take a look at JP Morgan (JPM).  If you were holding JPM stock in your portfolio before the pandemic, chances are that you are underwater.

For the purpose of full transparency, I do not own or hold any JPM stocks. I typically only hold stocks between 5 and 25 days. 

If you’d like to learn more about my specific trading strategy, check it out here: https://youtu.be/YbViBjP7zGk

And if you would like to learn more about options, then check out this playlist here on YouTube:

Options 101 Course: https://www.rockwelltrading.com/free/options-101-course/

Paper Trading Simulator - Does it make sense to use it?

Of course, there is a difference between trading stocks live and with real money or using a paper trading simulator.

In this podcast, you will learn....
... the differences between paper trading and live trading
... the best paper trading simulator
... and where to get it:

Think or Swim Paper Money Simulator:
https://platform.thinkorswim.com/platform/index.html#!/pmregister

We've talked about How To Trade A Vertical Spread, Call Debit Spreads, Put Debit Spreads and Put Credit Spreads. 

What I like about Debit Spreads is the reduced cost and they reduce the "break even."

For this example, I'm using tastyworks.

I use the PowerX Optimizer to find the best stocks to trade.

When trading there are 3 things you need to know:

1) What to trade

2) When to enter

3) When to exit

TGTX:

- Enter at 20.43

- Expecting stock to go as high as 25.37 (profit target)

- Stop-loss set at 18.61

The PowerX Optimizer told me: 

-Trade the 20 call w/ an expiration of 8/21.

- Spend no more than 2.10 when buying this option.

- Max Risk = $210 (you can't lose more than you pay for the call)

- Max Reward = Unlimited

- Breakeven = $22.41

Here's what I did:

- I sold the 25 call for 0.50

- My cost is now 2.10 - 0.50 = $1.60 ($160)

- Max Risk = $160

- Limited if the Stock reaches $25 or above.

- Breakeven = $21.60

- Reward Cap = if stock reaches $25 or above.

So by trading a spread here, we reduced our cost and breakeven.

Recommended Videos and Links:

Call Debit Spreads Explained: https://youtu.be/9tkZOnG2bAs

Put Credit Spreads Explained: https://youtu.be/8OKG9U9LAog

The Best Vertical Spread Option Strategy 2020: https://youtu.be/CcU40-TjdZM

Options Trading 101: https://youtu.be/tXpBZGj-FiA

My Trading Plan: https://mytradingroutine.com/

Today, we will talk about what Meme Stocks are since everyone is talking about them. We will also talk about “How to find the next Meme stock that explodes like AMC or GME.”

Recommended Links & Videos:
PowerX Strategy Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2l9ZV4s66J-uNkG6AJvhSPB
Wheel Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb
A Boomer's Guide To WSB Lingo: https://www.youtube.com/watch?v=JSiJJLdpOvY&t=0s
Wheel book: https://www.rockwelltrading.com/the-wheel-options-strategy-book/
PowerX Strategy Book: https://bit.ly/2wMQ7zW
Here's How I Trade with Margin: https://www.youtube.com/watch?v=NJBOGJ5JiXs&t=0s

In today's podcast, I will answer the most frequently asked questions about the PowerX and the Wheel Strategy:

- What are the best settings for PowerX? And why do you recommend LONG trades only?

- How do you pick the best stocks for the PowerX Strategy and The Wheel Strategy?

- What happens if the market crashes?

- What account size do you recommend for the PowerX and The Wheel strategy?

- When is the best time to trade? Do I have to watch the scanner all day?

Recommended Links & Videos:

Wheel book: https://www.rockwelltrading.com/the-wheel-options-strategy-book/

PowerX Strategy Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2l9ZV4s66J-uNkG6AJvhSPB

PowerX Strategy Book: https://bit.ly/2wMQ7zW

Meme Stocks: https://www.youtube.com/watch?v=mQPl0QzzHJU&t=0s

Rockwell Merchandise: https://store.rockwelltrading.com/

My Trading Routine: http://www.mytradingroutine.com 

Wheel Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb

Options Trading 101: https://bit.ly/2V7Nf9T

In today's podcast, we will talk about “Rolling A Covered Call Option”

Rolling a covered call is a strategy where you buy back the call that you sold and sell another call option - usually with a different expiration date - at the same time. 

Today, will discuss the Why, When, and How:

1.) Why would you roll a covered call?

2.) When Should You Roll a Covered Call?

3.)How To Roll A Covered Call?

-Rolling up and out

-Rolling down and out

4.) Can you roll a covered call forever?

Recommended Links & Videos:

Wheel Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb

PowerX Strategy Book: https://bit.ly/2wMQ7zW

PowerX Strategy Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2l9ZV4s66J-uNkG6AJvhSPB

RIDE Trade: https://www.youtube.com/watch?v=B1nfc2LP-ic

Trading Taxes Explained: https://www.youtube.com/watch?v=laMtU3KFzSI

Pattern Day Trader Rule Explained: https://www.youtube.com/watch?v=bZaHtJc6TJ4

Today, we will talk about “Death Cross and Golden Cross” since it's a super hot topic right now. Bitcoin just made a Death Cross.

So what is it?

And how can you use it in your trading?

Recommended Videos & Links:
PowerX Strategy Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2l9ZV4s66J-uNkG6AJvhSPB
PowerX Strategy Book: https://bit.ly/2wMQ7zW
Wheel Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb
Software Special: https://www.rockwelltrading.com/master
Trading Taxes Explained: https://www.youtube.com/watch?v=laMtU3KFzSI&t=0s