Thanks for the vid. Your strategy is almost the same as scarface trades. He marks out the premarket high/low, then after the bell he waits for the first 5 min candle to form and then marks out the highs/lows, then moves down to the one min candle for price action, break out retest method like what you're describing. Working and practicing my strategy right now. Excited for this new journey im taking and I'm glad i discovered your channel and his. Thanks man.
@JdubTrades2 ай бұрын
Yep he also looks for the opening range of the 5 minute candle as well. We both have solid videos on the 5 Minute opening range break and retest.
@ravindranrajanniran46832 ай бұрын
@JdubTrades is there a link to the 5 min opening range break video
@NawkwNsoa2 ай бұрын
Please let us know how it goes mate. TIA
@J_Bant2 ай бұрын
TBH. It was really that hard, especially at the beginning, I was experiencing a lot of emotion. The hardest part is consistency, but the real key is 'RISK MANAGEMENT" and to be able to achieve that you need a lot to discipline yourself, as of now I'm still in that stage where it is almost hard to discipline myself, especially the greed and trade revenge thing. hopefully, I will overcome it and be profitable like these guys (scarface and Jack) thanks to your contribution to the community and my respect to both of you for doing this for free to some of us who can't afford a piece of genuine information like you do guys! thank you very much I say!.
@JdubTrades2 ай бұрын
Appreciate you brother!
@oraclechallenge2 ай бұрын
I hear you-discipline is the hardest part, especially when emotions are running high. Greed and revenge trading can destroy a good strategy faster than any market move. But once you master risk management, you’re halfway there. Remember, the market has a way of reverting to key levels-staying patient and sticking to your plan will pay off in the long run. Keep pushing through, you’re on the right track!
@Siegefya11 күн бұрын
YES, finally another decent fellow options trader on KZbin. I also trade options, mostly SPX but trying to get into NDX, have done a lot of NASDAQ tickers in the past as well. This is pretty spot on stuff.
@ercbyben2 ай бұрын
Killer video man thanks for the in depth explanations as always
@JdubTrades2 ай бұрын
Appreciate it!
@TXTundra-ex8bw2 ай бұрын
Your discord is well worth the money Jack thank you
@MrKracx2 ай бұрын
I have a few questions about your first Tesla trade 1) you said you were risking about 900$ but you bought 11 contracts at 11.20’each. So do you mean that you are cutting your losses at 900$? If so, what % of your portfolio do you trade, ie, how large is your position size on a single trade 2) you added levels at the wicks of the opening range. However your first Tesla trade was at another level in the middle. How do you determine this level?
@Craig_Alexander12 күн бұрын
I thought the same exact thing “Watch me trade with 3k” … Makes a trade risking $12,320. Even if he has a $900 stop loss its kinda deceiving
@kickx872 ай бұрын
Thanks for the vid! To be clear, you were able to avoid the pattern day trader minimum account balance requirement of at least $25,000 by a combination of trading less than 4 times per week, as well as never going "all in" on any one particular trade, right? 10% was the most you'd put up per trade, give or take? I'm assuming you never traded this test account on margin at any point once it was profitable enough, correct?
@JdubTrades2 ай бұрын
I completely forgot about the PDT tbh. I personally live in Canada so I was never affected by PDT. For US citizens it would be the exact same but you would just be limited to the amount of trades that you would take on a day to day basis.
@onlyflowtrading2 ай бұрын
Can you tell me the name of your canadian broker please? I trade at IB and ameritrade, i would like to test your broker, i don't to deal with 25k rule.
@bryannieves85032 ай бұрын
@@JdubTradeswhat if I move from margin to cash account?
@Weltbummler232 ай бұрын
Pdt only applies to margin accounts. This was a cash account with $4k
@robinceuppens217829 күн бұрын
What happens when u trade more than 4 times?
@christayah2 ай бұрын
JDUB is the MAN!
@Alexandertygreat8 күн бұрын
Your trading same day options? Same day expiry? Options are the best way to day trade, simple math with risk vs reward. Understanding entry and exit. Then having patience and discipline to hold and exit in tranches. Good stuff
@Royal191222 ай бұрын
Bro is that you saying "oh my gato (cat???)" at 17:00? 😂. Its funny listening to your reaction from just a few years ago vs now where there is almost no reaction or emotion in your trades. You evolved into a trading robot lol. Great vid on risk management, I need to focus a little more on my risk management.
@JdubTrades2 ай бұрын
I’ll be honest when looking back at the footage idk what I was saying. I was making up words🤣🤣
@J_Bant2 ай бұрын
@@JdubTrades hahaaha
@DrMannyMoreno2 ай бұрын
Great video brother and amazing job on those executions
@FDB-813 күн бұрын
Do you pay for live market data? And which ones?
@LizsGardens2 ай бұрын
I loved watching this! Very helpful! Even though I have only been trading for a few months in a simulated account and I'm still learning the lingo, I find this information extremely valuable. Is this considered "breakout trading"?
@vladvirops22 күн бұрын
Can you show also the losses and the details what went wrong? Great bro, keep going💥💥
@BlackPanther-tt1vu22 күн бұрын
I just started watching your videos & also live in Canada. Do you invest through a non registered/open account or can you use your TFSA? Can you talk more about your options time frames, expiry dates, do you usually buy 90 day contracts? What do you think about using platforms from the larger banks like RBC and TD direct investing ? Which platform do you use now and why?
@bmpatel2012 күн бұрын
You mentioned that you used contracts 11 did you mean to say shares or are you somehow able to trade futures for Tesla? If so, how?
@achille1577Ай бұрын
How do you discipline yourself to always follow good risk reward? a checklist or other tools?
@Mikaeel84Ай бұрын
In his last webinar he said that on average he risks 10-15% of his position on average. If you're going to enter a trade, look at the last previous level that the trade might pivot back to and set your stop loss barely past it. Only enter a trade if your target to sell is at least 2-3 times bigger than that. I made about 10k in my first couple months trading listening to this guy and Scarface trades. Lost all of it not listening and trying to hold onto trades based off of speculation and hope. The hardest part is setting that stop loss and no matter what letting it happen instead of canceling it last minute and thinking you will give the trade a little more room to bounce back. Risk management is everything. (Aka you need to take a loss when your trade starts going the other way to the point where you have lost 10-15% of your position)He made all that money losing 6 out of 10 trades on average. That means you have to become good at losing and knowing when you do win it will be much bigger than what you lost. Hope this helps.
@aboogie2794Ай бұрын
To achieve this, did you need to use a leveraged account? If so, can you do a video on margin trading?
@franciscohidalgo9182 ай бұрын
It is not so easy, but it is working for you 👍 What I like is that you are only using pure price action
@oraclechallenge2 ай бұрын
Exactly, pure price action cuts through the noise and gets right to the core of what the market’s doing. It’s not easy, but the simplicity of it can be powerful when you master it. Plus, when you focus on how price reverts to key levels, you start to see the market in a whole new light. Keep honing that skill-consistency will follow!
@jackychen7504Ай бұрын
Thanks for the video. I have a question, which back test do you use? how do you select these stock options?
@mikeys4463Ай бұрын
10 contracts Tesla at $12 equals $12,000 capital investment to make that trade.
@limbeh.trader2 ай бұрын
How do you use contracts on stocks to trade? Are you using the current week exipry + Buy call for long and buy put for short?
@holyearth21 күн бұрын
If you use ICT concepts remember that ICT stands for “I Cannot Trade”
@gjraymonddАй бұрын
does trade zella connect to ur broker to see the times u took ur trades or is that something u input manually?
@DHV-im4uz7 күн бұрын
drawing support and resistance out of the 1 minute begining candle is so goofy it made me laugh, but if that shit works hey, guess what im doing tomorrow morning?
@slee65932 ай бұрын
Hi Jack, do u have a like beginner IB review of how you set your charts up to look like yours, etc? Is this on your initial youtube & if so wonder where?
@JdubTrades2 ай бұрын
I currently do not have a setup video for IB or Trading view. However I will end up making one sooner than later
@slee65932 ай бұрын
Great to hear, I think you are the most sincere and transparent trade expert out there. Will look out for it!
@mubarakalbreiki22522 ай бұрын
nice work man 👌👌👌
@Stank9413 күн бұрын
@ 12:20 how did you select 874 as your key level?
@TravisHess-d4m2 ай бұрын
How do you go about calculating your stop loss amount based on the options strike price since every risk/reward ratio is different? In your example at ~11:00 your risking $900. How did you calculate that amount (Is it the total cost of your contracts? Or a percentage of your contracts? And how do you go about figuring out that step for each trade? I understand how to draw out the long/short position, but not sure how it connects to each options trade since every trade amount is different, even as it relates to how big you set your stop loss. Appreciate all of the info, cheers.
@JdubTrades2 ай бұрын
I determine this after the fact. In real time I will use the options contracts or delta to determine around how much I'm risking. On average I risk around 10-15% so If I have a $10,000 position I risking around $1000. This is just the basics of it as calculating risk for options is different then futures and stocks
@ravindranrajanniran46832 ай бұрын
@@JdubTradeswould be great if you made a video on this
@TravisHess-d4m2 ай бұрын
@@JdubTrades Appreciate the response 🙏
@ZZ-hu4uf28 күн бұрын
U trade futures, options, or forex?
@bmpatel2012 күн бұрын
Yeah I was wondering the same thing.
@himanshuthiaria13432 ай бұрын
Do you only trade stock with it? Scarface also trade stocks only. Will it work for futures? Thanks
@oraclechallenge2 ай бұрын
Great question! The beauty of reversion-based trading is that it works across the board-stocks, futures, you name it. The market has a habit of reverting to certain levels after those sudden impulse moves, no matter the asset. It’s all about finding those points where price is most likely to come back, which happens around 97-99% of the time. So yes, it can definitely work for futures if you know what to look for. The key is in spotting those patterns and acting when the probabilities are in your favor.
@cmoidudu8104Ай бұрын
Interesting video. I assume that Toronto time zone is the same as New York, so you are trading at NYSE opening right ?
@cmoidudu8104Ай бұрын
Nevermind you just said so later in the video !
@Ben-xd8zq2 ай бұрын
Sir, may I ask how many points is your Stop Loss for NQ? Thank you.
@yazidasbah4677Ай бұрын
“If I lose the 3k dollars, it’s no big deal” So… Can I have them, please? 😇 Anyway, great content bro. I’m a new trader trying to grow a small account, because I’m broke asf. I noticed 1 thing. when you have small money, you want to risk more to increase the reward. That’s how I grew a 10 dollars to 32 dollars in my first week, and then reduced my assets to 8 dollars in another week.
@j7py2 ай бұрын
before entering your trafe do u also look for confluences for example if qqq is also going to the direction you want to take?
@JdubTrades2 ай бұрын
Yes that is one of my main confluences that I look for. QQQ correlations play a big point in my trading.
@j7py2 ай бұрын
thats awesome. same. @JdubTrades
@abr29262 ай бұрын
Interesting screen layout. Are you still using the 1 min and 5 min charts side by side?
@JdubTrades2 ай бұрын
Nope that was a few years ago I have a completely different trade setup now. I’ll make a video on the new trading layout
@VonusiasАй бұрын
Do you limit or market in?
@LM-hg3mnАй бұрын
thank you jdub👍
@stevencq57Ай бұрын
Someone who has traded indices VS stocks can confirm that stocks respect more price action and supply/demand concepts than indices?
@KellKell162 ай бұрын
Do you wait for a 5min candle to close above or below a key level and then take the retest entry on the 1 min? Or you’re mainly looking for B&R on the 1 min Nice video by the way ! Love the organization and simplicity!
@JdubTrades2 ай бұрын
When trading earlier in the open I’ll be trading on the 1 minute. After price develops I’ll be on the 5 minute
@dbt7771Ай бұрын
how does this work on futures compared to stocks , like NQ
@isaiahanderson80532 ай бұрын
11 contracts for $900? What was the delta? Sounds like a deep out of the money contracts. Can you make a video with these type of details for beginners? Explaining how you pick contracts?
@Mikaeel84Ай бұрын
$900 is how much he was willing to lose of what he paid for the 11 contracts, not how much he paid for them.
@isaiahanderson8053Ай бұрын
@@Mikaeel84 ahh, makes more sense.
@zyriuse2 ай бұрын
2 things that would make you more credible. Interactive broker uses cookies to identify people, so there's no need to hide the url. I can create an html page with CSS that looks like IB and reload it at will. You don't show whether it's a demo account or a real account.
@JdubTrades2 ай бұрын
Wasn't hiding the URL, was just hiding my account number. I would be surprised if anyone would go to those lengths especially with the trade log as well. And on top of that as for the live trading it TWS shows if your on demo or not.
@IsaiahFlowers-s2c2 күн бұрын
so you only trade 15 percent max of your total capital on trades? you could make so much more money if you went all in if you going to make 50+ thousand dollars you were gonna make that amount regardless.
@carloscosta9610Ай бұрын
Are you buying shares or options?
@PURSUIT-z4f12 күн бұрын
Now do the same thing with $300 or less. Most people don’t have 3k. Target the audience that only have 100 - 300 to invest into an account.
@АктолкынРыскалиева2 ай бұрын
Thanks great video!
@JdubTrades2 ай бұрын
Glad you liked it!
@lchua43192 ай бұрын
At what point do you raise your stops?
@su00192 ай бұрын
when you are in profit do you move your stop loss up
@RodTrades14 күн бұрын
It’s true guys trading is all luck no skill!
@theblockcat-ain15722 ай бұрын
1% is for rookies. I trade at 30%
@jarretm121522 күн бұрын
Crazy man
@mburner72722 ай бұрын
Did you find this strategy to work on all stocks or just certain stocks?
@JdubTrades2 ай бұрын
Yes I have videos taking about certain strategies more in depth.
@yousefo98252 ай бұрын
How were you able to predict how much you were risking on option contract? I find it alot of times when i wanna risk 200$ ill end up losing 350$ or 400$ because of premiums and slippage
@JdubTrades2 ай бұрын
It’s not an exact amount. When calculating risk you can based off of delta or looking at the options contracts. Sometimes you lose more then intended and sometimes you lose less
@TravisHess-d4m2 ай бұрын
@@JdubTrades Can you expand on this a little more? When you mention only using 1% of your total account of $3,000, are you only entering option trades costing $0.30 or less in case you lose the full amount? Would you enter option trades for more, say up to $3.00 and set your stop loss to ~10% of that amount
@kevinmak8819Ай бұрын
Newby here. Is this a futures trade with Tesla? You mentioned that you were trading contracts...... I am not sure if you can trade futures with just Tesla....? Sorry this may be clear for most of you but a bit confusing for me.
@ArulMugilanАй бұрын
It's option contracts bcoz he mentioned strike price in the 1st example.
@kevinmak8819Ай бұрын
@@ArulMugilan Thanks for the clarification!
@Saleh585819 күн бұрын
Is this a 0-DTE contracts ?
@elvd74372 ай бұрын
Were you trading options, futures or combined?
@JdubTrades2 ай бұрын
Options
@PeterRassias2 ай бұрын
How are you calculating what price to set your stops on the contracts? It looks like you bought 6 contracts for $14.83 so wouldn't you be risking ~9k ? I thought the account only had 5k?
@JdubTrades2 ай бұрын
That is the position size. Out of the 9K I’m only risking 10% of the overall position. As for the account size it grew overtime so that 5K eventually turned to over 50K
@jeffreyfernald2 ай бұрын
So on a 10k trade your max allowable loss is 1k? Do you just stop out at that dollar amount or whatever ten percent is if you are in a trade that's against you. Also can you clarify the price action or order blocks for stops. Close above below the on or simply trade thru it. Or do you need it to close outside your stop level and on what time frame? Thanks. I'm new in your discord and I'm not clear on the stops @@JdubTrades
@PeterRassias2 ай бұрын
@@JdubTrades I see, so the stop price levels are based on the price of the contracts not the price of the underlying? i.e. you sell when each contract loses roughly 10% of its value?
@fhmm10Ай бұрын
how much money need to start option trading
@cruiseanthony40222 ай бұрын
J..you only trade break and retest..if you don't get that retest you're not taking the trade..is right ?
@JdubTrades2 ай бұрын
Correct for 90% of the time. I have a few other entry models but 90% fall underneath some sort of Bnr
@EriPagesАй бұрын
options are scary. I'm an equities guy.
@aboogie2794Ай бұрын
What is the 84% rule you are talking about?
@zhuazy819117 күн бұрын
Fake- making a 1600% return within a month where most of your target audience are newbies is setting the bar at very unrealistic expectation in fact 99.99% impossible for anyone to achieve with real trading risk management and strategy, and too many buying contracts where the account is too small for it handle is very suspicious to the newbie eye this hard to notice so I find the video quite disingenuous shows us some broker statements otherwise this kind of video is very misleading and encouraging gambler like get rich quick schemes ❤ stay safe yall
@realMDizzy2 ай бұрын
Is opening candle print the range in the first 15 minutes?
@JdubTrades2 ай бұрын
5 Minute
@ToniHarmАй бұрын
Not a "key-level" if you can see just on the 1min chart...
@jaytechpinoychannel2 ай бұрын
thanks bro
@gabakusaАй бұрын
TESLA is abour $230 your video is old
@toliver7340Ай бұрын
That wall looks good. I need it. Add link
@annekecampbell10702 ай бұрын
Do you have a video about IAB?
@rj5795Ай бұрын
Idk how you buying multiple Tesla contracts for cheap with only $700. You need at least a grand
@DianaC-l1u19 күн бұрын
The crypto market has been unfavorable for months and I keep losing my money selling-off during dips, I'm very scared of holding right now, how do you guys still make so much….?
@AmandaMcKnight-nj3ou19 күн бұрын
Well...I will advise you should stop trading on your own if you keep losing and start trading with an expert because trading with an expert is the best strategy for newbie...
@JaneMadison-ee6bb19 күн бұрын
GOOD CONTENT !!! Very engaging right from the beginning These are tough times and frankly I appreciate how you discuss global finances in such a delicate way . Business and investment
@JaneMadison-d9l19 күн бұрын
the first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
@ShavonAlice19 күн бұрын
I Started with 5,000$ and Withdrew profits 89,000$
@HannahRoberts-ly5ip19 күн бұрын
just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
@huanhhh21782 ай бұрын
Bro, where’d get your hair cut? Will need to avoid that😮
@tonyaguilar21512 ай бұрын
What 2 ema you use?
@lycheeprincess52032 ай бұрын
Oh shoot, I missed the webinar 😢
@gasfeesofficial35572 ай бұрын
ok so you are a swing trader -> got it.
@13skyburgerАй бұрын
lolz..why use so old data..use live data and prove it.
@comedyshow45092 ай бұрын
What broker you use though
@JdubTrades2 ай бұрын
IBKR
@drewdoesmarketresearchАй бұрын
Just doing market research
@Typicallytrade2 ай бұрын
12:32 why it’s key level for ya..?
@DGOB09Ай бұрын
I see the risk but to leveraged 13k to make that 6k
@rashedchowdhury7356Ай бұрын
$874 on TSLA?? This is an old video?
@veev3272 ай бұрын
Why is he showing old results and case studies 🤔
@JdubTrades2 ай бұрын
Every video I make has results within a month of taking them. This just happened to be a video idea on a small account and I haven’t done a small account challenge recently show I just used my old results.
@261Pro19 күн бұрын
Nice 😊
@motishorhaham91052 ай бұрын
This stats and trades are so old from APR 2022!!! Why aren't you showing current trades and stats ? I hope you're doing well and would appreciate sharing current trades and stats.
@JdubTrades2 ай бұрын
This was an example. I show trade stats for recent trades every single video.
@BoLLDragGАй бұрын
Hi
@lifewithaclifewithac897Ай бұрын
DO IT WITH 500$!!! if you truly believe you should be on KZbin teaching others as a coach or mentor you should prove your accusations with money the average day person can afford to spend!! And that’s more of challenge for yourself as well to get a 500$ to 10,000
@mohammadamir3187Ай бұрын
سیهدیر
@setofironsАй бұрын
You bought 11 at $1,100 a contract? You paid $12000 with a $3k account??? That doesn’t seem right.
@liferipsfamАй бұрын
lol.
@user-bw6uy9ez3qАй бұрын
Like
@alexanderargint13962 ай бұрын
dude, you can even fake it being a fake furu, doesnt suit your face
@corwinstormtv91362 ай бұрын
alot of people got lucky in the bull run just buy but notice how they dont do it right now lol cuz they have zero edge