About the Course
If you want to follow along, before the class, open a TD Ameritrade account (you don't have to fund it) and install thinkorswim on your laptop and bring it. We will be using the OnDemand feature to replay previous trading sessions as examples of strategies. An alternative free option with no setup is https://www.tradingview.com/ but they don't have options, and the simulation is pretty basic.
Each strategy will cover potential profits and losses, what to trade with the strategy, and how to enter and exit the trade. We will also cover some basic mechanics of order entry during the strategy demos.
Day 1 (April 14):
What to trade: Stocks, Options, Futures, Forex, and Crypto - definition, pros and cons
Trading Strategy #1: Traditional long-term investing - build a diversified portfolio and walk away
Fundamental Analysis: Know what you are investing in.
Trading Strategy #2: The Option Wheel - increase income from your long-term portfolio by selling options
Chart Analysis: Using moving averages to trade trends.
Trading Strategy #3: Option Spreads - advanced option tricks to limit risk
Day 2 (April 21):
Day trading: legality and ethics, advantages and disadvantages
Day trading strategy #1: Opening Gap Reversals - spot an opening gap that is likely to return towards the previous close
Chart Analysis: support and resistance - know where the trend is likely to stop based on previous levels
Day trading strategy #2: Pre-market range trades - use the pre-market trading data to trade the opening move
Chart Analysis: Fibonacci retracements and extensions - magic numbers that drive the market
Day trading strategy #3: Initial Range trades - once the market has set the range of the stock, trade the top and bottom
Disclaimer: I am not a financial advisor. None of the information given in these classes constitutes financial advice and should be viewed entirely as informational. You should do your own research and practice before employing any of these strategies. Even then, past performance does not guarantee future results.