Tips & Tricks & Shit

I can't promise this page will be full overnight, but this is where you'll be able to find trading stuff I talk about regularly

Trading Resources

Here are some free resources.  I hope they help.  And if they don't, you can return them for a full refund!

Links & Resources

Trading Tips - Frequently Asked Questions & Answers

Youtube Channel (mostly trading stuff so far)

BaconTrap code for TOS (Thanks to Bacon Bill!) 

CalculateER - easily figure out what the implied moves are for ERs 

Thinkorswim Goodies

To use any of these shared settings, click on the "SETUP" link (has a little gear icon) at the upper right of the app and click "open shared item"



YouTube Content

My content on YouTube is fairly regularly updated, check there for the latest drivel.   

Trading My Alerts

I post alerts in a couple different discord trading groups, and I get a lot of questions, so I wanted to share some info here to help people make the most of the info I share.   Info about this alert style at the bottom of this section.  

Alert format

An example of my alert format is above.  You can see several columns: 


I have a couple rules to follow for these alerts: 

Trade Types

Explanations for anything I put in ALL CAPS at the start of my thesis: 

SWING: The move I'm looking for exceeds the normal daily range of the ticker, so it may take a few days or weeks to develop.   Days to expiry: at least 14

LONG SWING: super slow movers with higly defined patterns can take weeks or more to develop.  Days to expiry: at least 45

LONG SHOT SWING: A trade I don't expect to happen, but expect a big move if it does  (often getting near a trendline or strong level).  I usually just leave these in my alerts list long term in case it happens when I'm not looking.   Expiry depends on the move, but lets say no less than 10 days unless you know what you're doing.

SMALL ACCOUNTS: Plays with lower priced premiums that are good for new traders or smaller accounts.  TQQQ is my hands down favorite for this.  

All other trades I generally select one or two strikes OTM and 3-5 days to expiry.  I will play 2-0dte as well on occasion, but I don't advise this for new traders.  Theta can eat your lunch in a hurry.  

Playing the levels

Most of these plays are break-of-structure plays because they are simple and can be reliable.  These work best on trend days.   

On range days, however, these levels frequently act as bounce levels (so you can still use the levels, but just in the opposite direction). 

Here's how to use alerts

Check out this video that explains it with less words (or at least, fewer letters on a web page)

Why I like this format

I get a lot of questions about why I do things this way.  

The main answer is: I am not a professional trader.  

I use this approach for a couple reasons:  


I do not offer financial advice, and frankly, following me is probably a bad idea on many levels. If you're still interested, then buckle up.  

The StranglER

The idea of playing a strangle on Earnings isn't new, but hopefully I've got a few wrinkles here that help you land a successful play and avoid duds.  

The biggest risk of a strangle on an ER play is that the ER doesn't move the price.  This strategy depends on big moves, and attempts to limit the risks of undersized moves.  

Since strangles are non-directional, what we are playing is the volatility of a given event.  There is danger in the fact that Implied Volatility is generally increased prior to a binary event like an ER, so it is of utmost importance that we pick a strike that ends up ITM (if you don't know what that means, then this strategy is not for you). 

To do this, I look for stocks where the implied volatility exceeds the ATR, then I set a strike-zone that is half the implied move.  For example, if a given stock has an ATR of $2, but the implied move is $6, we will use a strike-zone of $3 ($6/2 = $3).  That means we'll aim for a strike $3 above and below the current average price.  

IV generally increases as the ER gets closer, so ideally  we can start building a position in the week(s) leading up to an ER to minimize IV crush.  You can also reduce IV crush by getting your contracts several weeks out, this reduces the impact of IV, and gives you time if the event kicks off a measured move.  

What The FAQ

Common Questions & Answers

Q: What discords are you on?

A: I am an admin on Trading Day, and am a member at Team Trading and Spud Zone

Q: What brokers do you use?

A: I use ThinkorSwim and Webull (and Robinhood for my kids accounts I guess)

Q: What do you like to trade?

A: I play mostly options and futures these days, but I'll probably play equities again when the market recovers a bit more

Q: So, do you drive like a Lamborghini or something?

A: No.  No I do not.  Even if I had that kinda money, I'd do something else with it :) 

Fave Trades