How I Turned $100 into Thousands Trading SPY and QQQ Options
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- čas přidán 22. 08. 2024
- One of the easiest ways to make money with options is trading $SPY and $QQQ. Why? Because the companies that make up the S&P 500 are some of the biggest companies in the world, and if you know how to trade options on them, then you can trade options on all kinds of different stocks.
Even if you don't know how to trade options yet, don't worry.
If you can get a handle on how these two ETFs work, it makes trading options super easy.
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Black Girl Stocks was created by FoxTail Digital to create simplistic videos on How to Start Trading Stocks and Options, Swing Trading, Day Trading, and Stock Cart basics. This channel Is made for beginners ready to start investing for the first time.
FoxTail is a passionate music producer and videographer in Dallas, TX expanding knowledge in the stock market. I strive to provide the easiest methods of trading and change your life.
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I missed the part where she used $100 "to make thousands"...
I’ll offer you a solution Marie, since you don’t seem like a solution based individual. You should either re-Watch the video or go elsewhere. Now to truly answer your question, the concept of me making thousands are using the methods in the video to 1. Analyze SPY and QQQ charts and 2. Pick option contracts with decent EXP, premiums and volatility. When managed well, you’d be able to buy contracts within your range to gain profits.
You for some reason found my content seeking a solution for a clear issue you have, and apparently you didn’t find that solution here. Look elsewhere love. ❤️ Wishing you the best on your investing journey
She literally gave you the game on how to do it the entire video lol
@@BlackGirlStocks Thank you so much Mam 💓
@@BlackGirlStocks @marierie888 in her option for your i suggest you go elsewhere you will not learn from here
cuz SPY , SPX expire daily since 2022 0dt but she said 1:40 it expire every 1-3 days. 100% false statements
Great video.. In a little over 5 mins this young lady explained QQQ, SPY Implied volatility and Beta In a way that anyone listening can understand 😊
KTC Co Thank you so much 😀
I really enjoy your videos! So informative without all the fluff. I’m learning a lot from you so keep doing what you’re doing!
Thank you so much Queen Wandra! More to come
@@BlackGirlStocks I was told to trade these within like 35 minutes you're telling me to wait three or four days
@@ryanmozert where in the video did you hear me say 3-4 days?
@@BlackGirlStocks okay forget that scratch that what I'm asking is do you wait 30 minutes or do you put in for a day or two obviously QQQ is the only one you can wait for the same day or spy
@@ryanmozert When you ask about waiting 30 minutes or stretching it to a day or two, it’s hard to pin down exactly what you're referring to.
If we're talking about how long to keep a breakout trade open after jumping in, that’s really going to vary depending on what specific stock we're dealing with and what the current market vibe is. Sure, there are times you might want to hop out after 30 minutes if you hit your goal profit and feel good about it. Then there are scenarios where holding on for a full day or even longer makes sense, especially if the trend's in your favor and your chart analysis backs it up.
I just want to say thank you! that same market screener is helping me see my first wins and it finally feels like options trading is making sense! This video is a GREAT follow up. Really appreciate all the knowledge you've given out on the channel!
YEssss! Thats amazing! I'm happy it can help out
Omg so glad I found your video, cause girl I've been struggling . Thank you for your video .
Thank you Jamea 😘
We been having great results with both of them also, thanks for the video 😊
It’s been active 🔥📈
You the truth i took your advice and place my first option on spy yesterday and winning on it
Hey Robert, that's awesome to hear! I'm glad you took your first option trade on SPY. It's always exciting when things go well, especially when you're just starting out. Remember, though, that the market can be unpredictable, so it's critical to stay informed on whats going on in the market news.
I hope you continue to find success in your options trading journey. If you ever have any questions or need advice, feel free to reach out. I'm here to help!
i got nothing out this video- couldnt even find a link to buy your candlestick review cards.
Sorry to hear that Gregg
Get Your BGS Candlestick Review Cards HERE 📈
www.theblackgirlstocks.com
I learned more from just a few minutes watching you than I have from the two books I have.
Wow, that's really awesome to hear! 😊 I'm super glad I could help make things clearer for you. Books are great and all, but sometimes, it just takes a different approach or perspective to make things click. If you've got any more questions or need a bit more insight, just hit me up. Happy to help anytime!
I started dancing during your intro music
Thanks for sharing, especially the tip regarding not turning day trades into swing trades. Kudos!
Hey, glad you found that tip handy! Yeah, it's amazing how a small shift in approach can change the game. Really appreciate the kudos. Always here to exchange more tricks of the trade or just chat about anything market-related. Cheers!
My first successful trade worth over $100 tho I started with $600 & lost half I’m definitely doubling back and grabbing a hoodie off ya
Hey more lessons learned. Keep going and growing in your trading
I really enjoyed this video. It was short sweet to the point. have seen a lot of these other videos, where they draw them out. I just started getting into this a week ago. And I am actually surprising myself of how well I am catching on to this material. I think I have the basics down but some of the areas of where I can profit are a little gray. Can you make a video on the differences in strategies for one particular stock?
Yes and thank you very much 📈📈📈📈
Im new to trading, I can only afford $200 to start how do you I suggest I start please?
Hey Sophia
Firstly, give yourself a massive pat on the back for wanting to dive into the trading world!
So you've got $200 to start. That's awesome! We all start somewhere, and this is your starting line. I'd suggest kicking things off with screeners like ones in ThinkorSwim or Webull. They'll help you find options that fit right into your budget. Now, I might sound like a broken record here, but I can't stress enough: avoid risking more than 1-5% of your portfolio on a trade. This doesn't mean your trade has to cost that much, but if things aren't going your way, you’ll want to cut your losses before they hit around 5% of your portfolio.
Talking about strategies, finding one that gels with you - it could be a breakout, a moving average crossover strategy - it's your choice. To help, I've got a bunch of videos on trading strategies right here. Yes, you'll see a lot of folks around here saying don’t bother with paper trading. But trust me, don’t buy into that BAD ADVICE. Paper trading is awesome for fine-tuning your strategy and learning from your mistakes. You get to concentrate on your trades without the nagging worry of losing real cash! I'd suggest you give paper trading a shot while you're getting the hang of your selected strategy, and slowly shift to a fully funded account once you notice a steady rise in your win rate percentage.
Remember, trading is a journey - your journey. It’s about learning, growing and becoming better, one trade at a time. And hey, who said mistakes weren’t part of the process? They're your stepping stones towards becoming a brilliant trader. Keep at it, my friend.
What's the three best moving average to use when scalping and short swing trading
Hey Marcus,
I like to go for something 3,5,6,9 and 10 EMA and you can match and pair any of these for your crossovers in a shorter timeframe like 1 - 15 minutes. Quick in and out 📈📈📈📈
For swing trades, I like to use either the 5 and 10 EMA or 20 and 50 and I still usually have a 100 or 200 MA on there also.
Let me know what you think ❤️
Can you trade with just using just price action and no indicators
yes, many people do
Awesome info ... im starting to love the SPY Options
ETFs are sooo much easier to trade! They has smaller price fluctuations that the big name stocks but etfs are a little more predictable in my opinion
I'm loving your videos, SPY and ADBE have been my go to, maybe I'll add QQQ
Thanks for the kind words! I'm happy you're enjoying my videos. SPY and ADBE definitely some solid picks! 🚀
If you have any more questions or if there's anything else you'd like me to make a video about, just let me know.
You're awesome love this video bc I'm new to options. Thank you! :)
I appreciate you, I’m happy to help 📈❤️
me tto
Loved the video, taught me alot and inspired me to study a lot more.
📈📈📈📈
Interesting 2:18, but never heard of Beta, how to find screeners for those, can we see this in a stock Quote or snap chart?
Using ThinkorSwim screeners. I talk more about it in this video czcams.com/video/Ra6U66tCrtU/video.html
Needed this. I was doing same day expiration and the gains were way better on the expiration 2-3 days away for the moves
Yea I stay away from those 0DTE 😩😩 even if I’m doing a scalp trade I’ll still pick an expiration date. That’s maybe a day or so out but usually no more than a week because it’s not necessary.
@@BlackGirlStocks right!! Lesson learned!
I need to start trading today. What site should I be using daily and what is the best advice you could give to someone attempting this path in life!?
@Frekleguy It's great to hear that you're interested in starting your trading journey. I recommend using Webull as your trading platform, as it offers a user-friendly interface and a range of useful tools for both beginners and experienced traders.
To help you get started, you can use [my referral link] (a.webull.com/i/BlackGirlStocks) to sign up for Webull and receive 12 free stocks to kick off your portfolio. This will give you a head start and some initial diversification.
As for advice on pursuing a trading path, here are some tips to keep in mind:
1. **Educate yourself**: Learn about different trading strategies, financial instruments, and risk management techniques. There are alot of resources online like articles, courses, and videos, to help you gain knowledge and improve your trading skills.
2. **Start with a plan**: Develop a trading plan that outlines your goals, risk tolerance, and preferred trading strategies. This will help you stay disciplined and focused on your objectives.
3. **Practice with paper trading**: Before trading with real money, practice using a demo account to familiarize yourself with the trading platform and test your strategies without risking your capital.
4. **Manage risk**: Always use stop-loss orders and position sizing to manage your risk on each trade. Never risk more than 1-2% of your account size on a single trade.
5. **Stay disciplined**: Stick to your trading plan and avoid emotional decisions. Trading can be challenging, and maintaining discipline is crucial for long-term success.
6. **Review and adjust**: Regularly review your trading performance and identify areas for improvement. Continuously refine your strategies and learn from your mistakes.
________________________________________________________________________________________________________
I also have 1-on-1 Zoom chats to help clarify stocks and option topics.
To get started, please click the link below to schedule the best time to meet:
square.site/book/LGRFR0XDAE179/black-girl-stocks-tx
So how did you turn $100 into Thousands?? I didn't see any numbers
I've made thousands with the concepts and knowledge. I like to focus more on the information for you to learn.
Did you see that I showed examples of those numbers in the thumbnail and in the first 10 seconds of the video?
I like to buy put for insurance above market price and sell put below market price. I don’t own the ETF (SPY). Do you believe that this can be setup in a way to make money regardless of if the market goes up or down? I also buy the put with a 35 day expiry and sell the put with a 7-8 day expiry. Any risks that you can identify would be appreciated?
This sounds like a kind of Put Calendar Spread (sometimes they call it a Horizontal Put Spread).
The whole game plan here is to make a profit off the time decay of that short-term option you're selling. Ideally, you would want the price of SPY to stay close to the strike price when your short put's time runs out.
This is an easy strategy but it could also go south. Be sure to watch out for certain things. Firstly, if the market decides to take a snooze, your strategy might not play out as you'd hoped. Secondly, there's a bit of a race against time. If the market gets a bit cheeky between the 7-8 day and 35-day expiry, it could mess up your plan.
And finally, because selling puts without owning the ETF, there's a bit of a cliff edge. If SPY does a nosedive, you might have to gear up for some noticeable losses.
What’s a good website do u recommend for finding the ETFs on highest volume ?
Barcharts.com
Thanks for the heads up. I day trade IWM mostly. I've been looking for a second option. Thanks again. I'll be nice to you for the rest of the day. I promise.
📈📈📈📈
So my biggest problem is that on Robinhood I can’t close out my trades before expiration once it’s in the money, do you know how I can get help with that
Sounds like you're having a frustrating time over on Robinhood. You definitely should be able to close out your trades when they're in the money, but sometimes these apps can be a tiny bit fiddly.
To close out a position and take profit, you essentially just need to click on the contract in your portfolio, then hit 'Trade' and after that 'Sell'. Robinhood will then auto-populate the number of contracts you can sell, so from there it's about deciding if you want a market order or a limit order.
The idea is the same as purchasing, but you're just doing it in reverse. I understand it's easier said than done and it can be a bit tricky. You know what could help? I have a video that actually walks you through this whole process. Here's the link -----> czcams.com/video/Vp6UgwWn0yU/video.html . Hopefully, it makes things a bit clearer.
I started couple weeks ago and figured out the few days deal and the Beta but the strategy that works has still elude me. Due to my account size all I can do is buy options and seem to get eaten in the chop. I use multiple SMA's and candles patterns trying to star in the 30 delta range.Can you say if I'm on the right track?? Thanks for info and the video's
Congrats on starting your journey in options trading! It's definitely a complex field that takes time to master, so kudos to you for diving in.
It sounds like you're tackling it in steps, which is great. Understanding the basics such as the stock "Beta" and "days to expiry" is definitely important. It's also quite something that you're working with SMA's and candle patterns already!
About getting "eaten in the chop", it's a pretty common experience for beginners, especially when market volatility is high. It might be useful to keep a keen eye on market trends and potentially looking into other types of indicators as well, to help manage the risk and pick out stronger signals.
Starting with a 30 delta might work for you, but remember, it's all about being flexible and ready to adapt based on what's happening in the market.
Love seeing my people invest. It’s a beautiful thing!
Heyyy 📈📈📈📈
You made this simple as possible thank you so much..i am a official subscriber now
Hey, that's awesome to hear! I'm really glad you found the content easy to grasp and helpful. Welcome to the family! If you have questions or there's anything specific you'd like to see, just give me a shout. Thanks for your support! 🙌
@@BlackGirlStocks Will do thank you
Great Video, I will make sure to share to my friends
@molleespillett3181 Thank you so much 😀
Yeah Thumbs Up for this - cause this market is like standing on a trembling ground when there's an earthquake taking place.
Yesss!
Spy is my main focus now a days!! ❤
Its easier to focus on right now with the market ups and downs
@@BlackGirlStocks True ♥️
Nice explanation Thanks!
Thank You 📈📈📈📈
Great video, thanks!
I appreciate you Alan thank you 📈📈📈📈
You said a lot without saying much cause you not lying bout that implied volatility cause on 0tde if that price go against you ✌🏾 you are outta there
Those same-day options burn hotter than a stove! BUT I'm thankful we do have the option to roll it out (for a fee) instead of just letting it expire. I love this trading life 📈🤣
I’m happy you’re back! 🤗
Thanks for this vid. Please explain a bit more; too short.
Thank you
What brokage firm do you use the most
I only do my actual trading with Webull 🔥🔥🔥 BUT I do still use other software from Thinkorswim and now trading view for technical analysis. Webull is good but it’s still developing a lot of their technical analysis tools so I still go to other platforms for time to time.
Pls I am a Nigeria 17yr old
How can I trade options
What broker do you use
Webull
I have a portfolio of 1000. Any advice for a beginner trading options?
Find a strategy and perfect that, use risk management and stop losses. Take profits quickly and often
Do you ever use tqqq, sqqq, upro?
Yes, I'll have a QQQ and SQQQ options opened at the same time
Great video. So much info in a short period. Thank you!
thank youu Carter!
Great video! Just bought some books on options and barley on my journey to learning more. Any advice for beginners anyone? Thanks
Thank you so much for the kind words and I'm happy to hear that you enjoyed the video! Congrats on taking that first step in your options trading journey by getting some books. That's fantastic!
I can totally relate to that feeling of starting out and diving into the world of options. It can seem a bit overwhelming at first, but trust me, you're on the right track! The key is to take it one step at a time and be consistent with your learning.
My advice for beginners is to really focus on building a strong foundation. Start by thoroughly understanding the basics of options, including terminology and how they work. This will give you a solid framework to build upon as you progress. And also look into trading set ups and strategies like breakout trades reversals and crossovers. Don't rush through this stage, because a strong foundation will be the key to success in the long run.
Another tip is to practice what you're learning; paper trade. Theory is important, but applying that knowledge in real-life scenarios will really help solidify your understanding. Consider paper trading or using a virtual trading platform to gain some hands-on experience before you dive into actual trading with real money.
Lastly, I encourage you to be patient and persistent. Learning options trading is a journey, and like any worthwhile endeavor, it takes time and effort. Along the way, you might stumble or face challenges (we all do!), but remember that each setback is an opportunity to learn and grow. Don't be too hard on yourself and celebrate even the small wins along the way.
You've got this friend! Keep that curiosity alive, keep learning, and never doubt your ability to succeed. The fact that you're seeking advice as a beginner shows that you're already on the right path to becoming a knowledgeable and successful options trader.
@@BlackGirlStocks thank you so much for the advice and words of encouragement. I will definitely be running into more from your videos in the future. 🙏🏾🙏🏾🙏🏾🙏🏾
More to come ❤️❤️📈📈🔥🔥
I tried to trade qqq today and think or swim margin sold my contract and when I talked to somebody on the phone, they told me I needed 37000 dollars in my account..need help asap
I'm sorry to hear about the issue you had with your QQQ trade and the margin call on Thinkorswim. It can be frustrating when things like this happen unexpectedly.
First, let me clarify that I'm not a financial advisor, but I can offer some general guidance. It seems like you might have encountered a margin requirement issue. Each brokerage has its own rules and requirements for margin trading, and sometimes they might require a certain amount of money in your account to cover potential losses.
In your case, it could be helpful to review Thinkorswim's margin requirements and make sure you understand them fully. You can find this information on their website or by contacting their support team. Additionally, consider double-checking your account balance and ensuring you have enough funds to meet the margin requirements for the trades you're planning to make.
If you're still unsure or need further assistance, I'd recommend reaching out to Thinkorswim's support team again for more clarification and guidance on your specific situation.
I hope this helps, and I wish you the best of luck with your trading!
@@BlackGirlStocks it did help, I talked to the trade desk today and I just set the expiration date for yesterday thinking it was today..thank you and I’m grabbing those cards asap
See sometimes it’s the little things 😅🥹 I’m glad you got everything situated 🔥🔥
that ending was funny lmao
🚫214Thugger💨 😂😂😂😂😂😂😂
😂😂😂 for the Eddy clip
🤣
Love the content
I appreciate you ❤️📈
This is golden
I appreciate your kind words fam ❤️
what?!?!?!?
Thanks for sharing. I learned something important!
Thank you for watching and taking the time to leave a comment. I'm happy to hear that you found the video helpful!
Great info - QQQ and SPY
My favorites
Insightful 🔥🙏🏽
@MellowMusic1 Thank you so much 😀
But you never explained the HOW. This was more on how to to choose the best contract
Exactly! Choosing the best contract repeatedly, and profiting from that consistently. That is the HOW. You basically answered your Alicia
@@BlackGirlStocks So each trade just focus on the same delta until the trading skill is mastered ? If so, what’s the best delta? I’ve been taught to purchase .10cent delta X 10 to match 1.00 delta bc it’s cheaper.
This just gave me so much relief like the OMG is really real rn🤯
ETF's are amazing for trading options
How do i find more on the roll over on webull
www.webull.com/learn/H6PuVm/VzFikh/Learn-How-to-Roll-Your-Options-Position
@@BlackGirlStocks thank you for the quick reply!!….learning so much from your vids!!
Hello black girl stock, how do I get to you , I live in Europe. And possible it is to trade stocks I Europe? Hoping to hear you soon 🙏🏿
I'm only experience in US trading. You'll have to check with your local sources
That was A great video by the way
@thomasflynn8712 Thank you so much 😀
😍 ...Get that money!
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I am still waiting for the lesson.????
Oh you didn't get it?
@@BlackGirlStocks No..sorry. I will listen again.
@@HawaiianSkies in short, sometimes its easier to trade options on ETF vs individual stocks and these were just two of the top ETFs for Options but there are plenty more. More videos to come 📈
@@BlackGirlStocks Ok thank you very much! :)
Thanks for sharing,you Rock!!!
Jose H Thank you so much 😀
I find that XLK and XLY not really liquid
Thanks for pointing that out! You're right, XLY and XLK aren't my go-to's mainly because of the whole liquidity thing. It's pretty crucial to keep an eye on stuff like volume and how wide those bid-ask spreads are before diving into a trade. I tend to stick closer to SPY and QQQ options since they're a bit smoother to navigate, with better chances of getting those deals through without a hitch. Always good to keep those trades as slick as possible. Appreciate the insight!
@@BlackGirlStocks what is the best delta for short term weekly options ?
@@DavidTran-hf3hn great question. So, picking the best delta for short-term weekly options really depends on the stock you're playing with. Like, if you're dealing with a stock that zigzags a lot, say it jumps $20-$50 daily (think SMCI kind of behavior), then aiming for options with a lower delta could work out well. This way, you snag those big moves without putting too much of your portfolio on the line, especially if the premiums are reasonably priced.
On the flip side, if the stock's more of a slow walker, kinda like SPY where it nudges up or down by like $1-$6 a day, then going for a delta around .20 could hit the sweet spot. But hey, trading's a bit of an art, right? You can always mix and match, stack up contracts to beef up the delta on those lower delta options.
Just remember, it's all about feeling it out and seeing what works best with your strategy and the stock's vibe.
@@BlackGirlStocks thank you for the great advice, I’m getting into credit spreads, gonna try to trade the ETFs
i liked it. Proud of you.
Rashad Marsh Thank you so much 😀
Ty ♡
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The spy was…..today
The market was MOVING today
Is there still a moment like this?
Always
Hold up where can I buy your review cards?! Lol
Get Your BGS Candlestick Review Cards HERE 📈
www.theblackgirlstocks.com
The hell with the charts u beautiful 😂😂
Well thank you kindly ❤️ 📈
Wow.. If I invested thousands, I get 100k
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???
Your video aren’t getting views because you post once in a blue moon
Cool Beans ❤️
Go short tomorrow 💯
👀👀👀
That’s all I trade is spy 🎉
Definite nothing wrong with that 📈📈📈📈 🔥🔥🔥🔥
This video is Gold!
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Ummm..ok? You didn't really explain anything. Why did the video abruptly end?
Theres another part to the video but went in another direction so I will publish it differently. It went into the triple screen trading method but just felt long-winded for this one
Options are complex and it will take several videos and repeat watches to understand how they work. I think this video is highlighting the best ETFs to trade and I happen to agree that SPY and QQQ are probably the best to enter Option positions on.
@@Concatenate Thank you so much A B ❤ Theres sooo much for your excellent highlight
👌🏿
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And where have you been?!?🤣🤣🤣🤣
I've been creating more content on social media but i'm finding a balance for everything now ❤️