An Exchange Traded Fund (ETF) is a financial instrument that holds fractions of stocks from different companies, bundled together by experts to create a stable investment option with lower risk compared to individual stocks. ETFs allow investors to buy and sell shares on stock exchanges throughout the trading day, similar to individual stocks, while providing diversified exposure to a basket of securities. For example, the Stanic Bank ETF holds 30 top-performing stocks in the Nigerian stock market, and the S&P 500 ETF holds 500 of the largest companies in the US stock market. Warren Buffett recommends index funds like the S&P 500 for non-professional investors, as they historically average 10-11% annual returns with inflation-adjusted returns around 6-7%.
Technical Analysis with Charles 08/02/26Añadido:
Wait on screen. There we go.
See, let me connect. Okay, you're going to see a bunch of my connections.
Switch here.
Good.
Oh, can you guys hear me? Can I am I am I audible?
>> Yes, you are.
>> Yes, you are trying here. Hold on.
Rename Charles host one and then I'm going to join on the other computer for host two. So I can share I can share my screen. Um I can see most of the conversation in the group. Have you guys seen? So, typically on the weekends, what I do is I just spend some time uh just sort of reviewing the market, seeing what's going on. Um I've been keeping an eye out on some of the opportunities that are available in Nigeria. I know you guys are based in Nigeria. So, I think I shared the Stanic Bank ETF just to give you guys some some idea about what's going on. I hope everyone was able to sort of read about it at least so you have an idea what's uh what that means. Does everyone know what an ETF is?
Felicia says, "All right, go on, Felicia. Could you explain to us then what is an ETF?"
Um, >> hi Charles. Hi everyone.
So um easy put I think um ETF is like a basket that holds fractions of stocks of different companies put together by experts. It's like it makes them stable.
It's like a stable option. The returns normally are not so high but it's like a lowrisk form of investment. So it takes um stock fractional shares from different companies and puts puts them together. So it's low risk and you can you can make some profit. That's my idea.
>> Yeah, I think that's I think you're you're probably correct. So if you think about it, I think the easiest way to think about it is if you wanted to buy um if you wanted to buy individual stocks, it will cost you um it will cost you a lot of money. Okay, it will cost you a lot. So the smart guys in finance say they say to themselves okay even instead of just allowing people to buy individual stocks why don't we buy the stocks ourself put it into a basket like a mutual fund and then set a price then you can buy into that and then what that means is they would allocate your stock to everyone so I'm going to share screen briefly because I want to cover that that's super important because I want you this class is you know financial literacy so it's super important to capture everything that is that is there. So I'm just sharing my screen briefly so you guys can see this is the website I shared right from Stanic bank.
So stamic products and services exchange traded funds right if you do that uh you just say what are or what is you can see that so exchange traded funds are investment funds listed on the stock market allow investors to buy and sell them essentially what they are is a basket of funds right um they they they it's a it's a it's almost like a mutual fund but not a mutual fund but allows It allows financial institutions to create a pool that has several um kind of um uh securities in inside there. In this case, this Tambic ETF 30, it holds 30 of the top what they think is the top performing stocks on the excuse me of the Nigerian stock market.
And these are the 30 stocks. I don't know if you guys have looked at it. So you've got Access Bank, Wabco, UKAB, Zenit, MTN is there, BUA, Dangote, Cement, Dangote, Sugar, Nestle, AEL, Africa, Owando, Seat. I'm sure you guys know these companies. Con oil, First Bank, Transpar, Transcop, Trans Hotel, UBA, Jula Foods. So, BA Foods is here, B US Cement is here, Dangote Cement is here, Dangote Sugar is here, FCMBB, International Brewers, Okumo Oil. These are some of the top performing stocks in the Nigerian stock market, right? I don't know if you guys know this. This ETF has delivered ridiculous amount. I think it's like 450% up year to date, which is ridiculous. This is what the portfolio deposit is. So, Transcop when you buy the stock because currently the price is about 5K, right?
It's about 5K, I think.
Where is it? I saw it before when I shared. Okay, it's at the top, I think.
Yeah. Look. Currently, that's the price.
5 grand. Beginning of the year, it was 970 Naira. Now it's 5,981.
So when you buy when you pay 5,981, what essentially they're doing is they're going to allocate they're going to they're going to allocate this amount. They're going to allocate the amount to all of these shares, five grand. They're going to give this guy the equivalent of 10 121.
So if it's 1,0003 and you're paying 5,000, you're going to get this guy 50 121 * 5 500 or 620 6.
>> Yeah. So this is what you're going to get. So that's what it means. ETFs are are a good way for you to hold large number of stocks, right, in one basket.
We have the S&P 500 index. Yeah, S&P 500 ETF. Okay. They all those those also exist. You can get those.
Uh Vanguard offers one of them.
So this is the same thing. So this is the same as this. This one is holding 500 of the top performing of the largest companies on the US stock market. 500 of them. You can see their names here. Uh where are they? Nvidia, Apple, Microsoft. So, it's a basket of stock. Okay, that's what it means. You can get 500 of them. If I scroll the last page, you can see, you know, they're all there. So, you can we can look at them. They're holding 500 of the stocks. Okay, that's what it means.
That's what ETFs are. ETFs are the better way because what that means is you reduce the risk, right? It means that if one stock is down, others might be up. So, it covers and protects you.
So, ETFs are always a recommendation.
Warren Buffett um always recommends Warren Buffett has frequently recommended that non-professional investors periodically buy shares of an index fund. The preferred one he recommends is always the S&P 500. Why is because S&P 500 um uh analyze analyze returns. Yeah. Every year it averages anything between 10 uh 10 and 11%.
Every year. Okay. In the last 10 years it's average around 14.9% return. If you adjust it for inflation is around 67%.
So your money is growing on average around 67% when you hold that fund. So long-term investment is always a good idea for you to consider ETFs. I'm sure Mia has covered all of this there in the past. But I think many people joined this to be able to discuss uh you know trading and how we go about trading. Okay. So that's what we're going to cover here.
Now I'm going to find the people that have been joining our community in the past uh two weeks. I can see Zurum there. I don't know if Chma is on the call. Is Chim on the call?
I don't know if Shere is there. Um but yeah, good. Anyway, um so we have a bunch of people um that have been joining our community, right? So I'm going to talk through a lot of the stuff that we've been doing. I'm also going to replay Friday's stock performance. Uh Friday's trading, how we traded. I'm going to replay that. Okay. And in that way, so we can always go ahead. Okay.
So, we can always go ahead and and check to see what's uh what's happening. So, let me let me go ahead and um and sort of talk through now. How many of you traded with us on Friday? You can you can either react with a thumb or you can say something. How many of you were How many of you traded with us on Friday?
Good. Hi, Salvi. Good to see you. Praise Chitty Man. There we go. Zurum, good to see you guys all on the call. Give me a second.
No way.
Right. Sorry. I was just I was just putting the TV I was just putting the screen mute because I was watching uh I was watching Newcastle in Brenford.
Right. So you guys all joined. What were your thoughts? Uh maybe start let's start with Salvi and then Chilima and Zulum. What were your thoughts about trading on uh yesterday? What did you think about trading yesterday?
I'm going to call you guys. If if nobody says something in 10 seconds, I'm going to call names, okay? Because I'm a I'm a I'm a stickler for people engaging in when I'm teaching classes. So what was uh what was your thoughts about our classes on about our live trading yesterday?
>> Good evening all good evening Charles.
So yesterday I learned that trading um needs a lot of analysis before you do it. That is not just something you just um look at and say okay I'm just going to trade this. you're going to watch how the market is going before you decide to either um go for puts or for calls. So, I saw the whole the whole technical analysis that had to go into it before we decided to put a trade. Thank you.
>> Amazing. Thank you very I wanted to just show everyone how I look so don't feel like I'm a stranger on the screen. If you look on the screen, I'm there. So, hi. All right. Thank you very much. Uh Chilima I think Salvi also traded as well. Salvi >> yeah I traded. Hi everyone.
>> Hi.
>> Um okay about yesterday trading I think trading is a lifetime um investment but then before you go into trading like Chile said you have to um there are some things that you need to look out for.
It's not something that you just jump into the market. You need to um mark your key levels, you know, um know exactly like be convinced on where the market is going to before you, you know, you take your trades either call or put.
So yesterday experience was actually um refreshing and I was so excited. Yeah, that was >> amazing stuff. Anyone else want to contribute?
>> Yes. Hello. Good evening.
>> Hi. Hi, Joy. Go on.
So I didn't trade >> but I joined the class and yeah so you said something about premarket premarkets premarket >> right right yeah I remember >> so that it's always important you watch it >> so that you know where >> the market is going >> right >> and you also you also you also mentioned something you said um as far as you're concerned You don't just rush to buy. You give it a minimum of 15 minutes, >> you know, to check.
>> So that because I think it can, you said it can suddenly something that is going a market that is going up can suddenly drop >> if you just decide to rush to buy. So that's what I picked.
>> Good. Good. I mean, thank you. So I think anyone else wants to contribute. I one more contributor.
>> Okay.
>> Oh, sorry. Maybe two more contributors then. All right, two more then. Go on then.
>> All right. Okay, let me go first.
>> Yes, go on then.
>> Yeah, good evening. So, what I picked up from the live trading yesterday is uh there are days you don't even need to trade >> because no trading is still is still a win.
>> So, after analyzing and doing everything you can, if you are not still convinced and if the market is still undulating, >> you can decide to just go home. And another thing also is you mustn't start trading when the market open. Anytime you meet trading, you can analyze and still trade within the time you have.
>> Amazing. Thank thank you Ann Hannah.
Thank you so much for sharing. All right. One more person.
>> Yeah. So I wanted to also good evening everyone.
>> Hi.
>> So um the major thing I think I got I have a bit of an idea about technical analysis >> and I'm on storm stock trading um platform. what a group in Nigeria and yeah so but what I saw about your own um so I I I got to understand your own system >> using the trend analysis to >> yeah and then I saw the significance right of that breakout candle >> right in indicating the trend and the direction in which you know your trade should go so from that was the major thing I picked out because I never really understood why are you telling us why why why do you think we should take a call. Why do you think we take a put?
So I that that was I think for option trading it's really important not just for general technical analysis for stock trading for options particularly it's really important that you can tell the trend >> right and that trend. Yeah. So that's clear candle.
>> Yes.
>> Right. That that above your trend line for me was very significant seeing you work with that. I really saw the effect right on of of that on the on the trading right so that's what I >> amazing I think someone was someone was about to speak before you came in TT so thank you >> all right go on then Vera go on >> no I spoke before her >> okay good >> all right so who do we go with all right Vera Vera then chim then we can continue all right Vera go on Oh, okay. Good evening, Mr. Chance. Good evening, everybody. Um, yesterday I I didn't really go into trade when trade started, >> but I understood something. The Yesterday the psychology of trading really really played out because normally I would have been feeling bad that I did not trade. But when I looked into the market, I saw the trend. I was able to plot the chart and I saw the trend and I saw that the trend wasn't favoring me. I ended up not trading yesterday, but the psychology of not always running after um flashy things or running after the money really played out yesterday and I'm grateful. So that is one thing that stood out for me yesterday. Thank you.
>> Brilliant. Good. All right. Finally, Chima, go on then. Want to say something?
>> Yes. So, um the the major thing I learned yesterday is to stick with the plan. uh no matter what uh the market is it's whatever is happening in the market you should always stick with your plan don't say maybe you go somewhere oh someone has made $1,000 you say I would have taken a call I would have taken a port so you always stick with your plan each time so enter the market with your strategy and stick with it >> amazing I think these are super incredible feedback this is what I want right I don't want you guys to come on here and everyone was like okay what was happening you know I just I was lost because that tends to be the sentiment right when you people will say this sounds like Greek this sounds scary it's super important to a few people to a number of people to understand what's going on because when you're done with this session you're going to join a community okay in the community many of you are going to be on the same range okay of knowledge so it's important for people that understood to be able to share towards us. That's why, you know, I asked Salvi and Chittimar and everyone else to be able to assist. So, thank you so much for sharing. Okay, I think these are amazing points. I'm not going to add anything to it because I think that's just it. That's the purpose of learning.
If you think about your so I'm going to just the only thing I'm going to say is if you think about the so let's say the course you studied, right? Whatever degree you have or education you you've attained, many of the things you knew, you didn't learn them from the first year. As time goes, you pick them up.
Even where you're working, many of the things about the nature of your job or the functions or the roles that you execute, many of you didn't know anything about it over time. You learned it. Okay, so that's what it is. Trading is going to take time, right? But because it's a money market and we know how hard money money does take to come. What you do is this is why you're paper trading it and you're learning because any mistake you make it's not real money. You want to be able to reduce the amount of mistakes you make with real money. But to do that you need to learn the process with paper money. That's why you're trading with paper trade. Okay. That's fine. That's one. Another thing I want to talk about I think this is super important.
um because for me most of yesterday the conversation in the group was about the live sessions not being recorded. So I'm going to ask now a question and it's not from me. I'm going to ask for people that joining the group. For those of you that were in the live th trading session yesterday, do you think that you would have benefited more as you did yesterday if you were full if you were watching the recorded session?
>> Yes or no?
>> No.
>> No.
>> No. No.
>> Okay. Why do you think it was better for you to be live?
>> Okay. Hi, Charles. I Why I think um it's better to be live is because you get to ask your questions in real time, right?
>> Whenever you're confused and you don't understand it, you get to ask. But when it's a recorded class, you're confused.
Even if you try to play it over and over again, you might not get it. So, you still need to come back to ask questions in the group. Yeah.
>> Yeah. That's good. Someone else wanted to say something.
Hi, someone.
>> Go on, go on Zoom. Yeah, go on.
>> Um, another thing is the market structure >> for every day is different. So, >> if you watch a recorded version, it's not going to mirror whatever it is you're going to see on the day you trade. So you need to understand what is happening >> so that whatever day you are trading you see okay this is how the market is going this is how I know I should enter the market like when you talk about retesting the the line not just >> hitting it once come down then >> hitting it again and then surpassing it if you don't join the live class if you watch it you might think you might not really understand what is happening Yeah.
>> Yeah. I think I think somebody else >> Hello.
So I I beg to differ.
>> Yeah. So if they follow So if they follow what you teach in the live class, >> if they pay attention to what you said.
>> Yeah.
>> I believe everybody that is open to learn will learn because the class was pretty straightforward.
>> You did not promise anybody anything.
You did not promise that oh if you follow this. No, wait. You do not promise anybody. I'm trying to get gather my words. You do not promise anybody that the um the market is always stable.
>> Yes.
>> Do you get? So, if if they just have to follow the pattern, understand the candle, understand um the premarket and post market and everything. And I believe everybody that wants to learn will learn. Your class was pretty straightforward.
>> Okay.
>> Thank you.
>> All right. So, one more. I think one more one somebody else wanted to say something. Yeah.
>> Yeah. Um hi, Charles. Yeah. Hey guys.
>> Hi. Um uh I've gone through the videos a lot. I actually like stay with Mia's class last year in October.
>> And because I've gone through the video uh twice including Monik's video.
>> Yeah.
>> Yesterday was my first live class because I was a bit free and I work 9 to5 >> and I have to say that um it's different. The live session is different. And this is coming from me who dedicated a lot of time looking at the recordings and going back and forth to know what is it that I know that I'm not supposed to know.
>> Mhm.
>> But in live session yesterday, I asked my questions. I even took a trade right in front of you and I asked you to like look at it. What do you think? And then the whole dabbling into it is always like I don't know but while I'm learning I like to talk about it and talking about it helps me figure out am I getting it right or am I getting it wrong and it sticks to my brain.
>> So if you're live doing the thing and asking the questions >> where you're confused at the moment and you're seeing the effect of whatever confusion you're you're making or mistake or whatever you're doing right.
it sticks to you more than you just watching it passively.
>> Okay. Well, thank you so much for sharing. I mean, every point shared is absolutely valid, right? And I know that most people always, you know, the the the the inclination is for classes to be available when it's recorded. I'm going to share maybe two points around that.
Don't worry, I've keep I'm keeping an eye on the time, but I wanted to cover this because I like I I manage the options community, right? Um, so I want to make sure everyone understands the rationale for a lot of decisions we take. So that way you know what's going on.
So based so the decisions that we make are not largely always about the individual outcome. It's about the statistical um, you know, average for example. So you know in this community you guys are like 225 just over 200. Okay. And we've had this classes a bunch of times. So, I would say we probably train around 3,000 people. Now, in live sessions, first of all, the live sessions are only available for people in the subscription community, but I thought it was super important for that to for you guys to have an idea to get a chance to experience it. That's one. So, it was an added value as opposed to something that comes as standard. Okay. Secondly, right, live sessions are never always the same time. So yesterday's live session was booked from in Nigerian time was booked from 3:15 to like uh 5:30. I think we talked until like quarter 6 or something like that. Okay. It it nearly always goes more than the allocated time because again as many people have spoken, you don't know what's going to happen in the market. You show up, you don't know if it's going to be up or down. So we have to wait to see market play out. There's no specific time for when you take trades. You look at market structure and then you say okay looks like market is going up let's mark certain levels that we can look to get into the market if it favors us and we don't know when that's going to happen I mean yesterday for example when we started it happened immediately and then subsequently happened much later after 10:00 okay so we don't know that's going to happen so what that means he exposes us to a bandwidth of anything between 2 3 4 hours whatever it is thirdly okay this is the super important data for you guys to take into consideration when we record sessions like we used to record live sessions and upload them so we can we upload them onto YouTube because um Zoom does not have enough bandwidth to hold those sessions so it's better to upload on YouTube and the links are shared over and over again.
Okay, view rates for recorded live trading sessions uh less than 2%.
While everyone is keen to want it to be recorded, the view rate is less than 2%.
So ask yourself, and I think this is super important. So one of the consens you're going to ask is say, do I have the patience to sit through 4 hours or 3 hours of a recorded session, okay? Where for the most part, we're just sitting and just watching the market. Okay? It's different if it was bite-size. It wasn't 15 minutes or half an hour or 45 minutes. These are 4hour sessions. Many time most people don't sit through. We have the data to prove it. The view rates, right? The TGM has 3,000 or whatever members, right? View rates of recorded live sessions are less than 1%.
Okay? So, less than 30 people watching, you know, when you upload on there. And it cost money to put it on there, right?
It cost time, cost resources to record.
If we record on Zoom, you have to pay, right? Because you're recording, then you download because it's a different service and you know, so we need to be we need to be smart about it. That's what that's another point.
Couple this along with all of the points everyone has talked about, right? It's different. Think about when you're watching football matches, okay? You can watch a recorded version. Nigeria was playing AFCON, right? Most people don't watch it. You just go and watch the goals. you watch in the UK here for people that are in the UK on after the Premier League after all the matches have been played today around 10:30 p.m.
UK time which is 11:30 Nigerian time.
There's a show that comes up on the BBC.
It's called Match of the Day. So they show highlights of all the matches, football, Premier League matches of the day. Each match like 8 to 12 minutes, right? They don't show the whole 90 minutes, okay? Because when you're live, you can watch it. It's happening live.
You're learning from there. Once it's done after live, you want to watch highlights. In trading, you can't succeed with highlights. Okay? That's the context of there. Now there is another overarching um message that comes out from the uh the point about being live and this is super important. I want to say this because for me the way I approach I teach my classes I try to be as honest and upfront as possible. Okay?
If it's difficult to carve out a couple of hours, listen to me. Let me just finish it. If it's difficult to cover a couple of hours a week so not Monday not Tuesday on Friday if you can't because Friday is typically from you know from what we understood most people are less busy at work right for example like it's late in the afternoon if it's challenging to carve out um two hours or maybe not even two hours maybe half an hour because the classes run from 3:30 p.m. Nigerian time to like 5:00 p.m. So if you can't join the first half, you can join the second half. It's okay, I finished work around 5. Let me just jump and see if it's going on. If you can't carve out the time, there is a message there. There's a data there that is saying because trading requires you to be available.
Ask people that trading yesterday, we were waiting for the opportunity to come up. So if there's no chance for that to happen, then what it's saying is at the moment is that your current schedule limits your ability to always be watching the market. Therefore, your given your current um commitments and you know daily activities perhaps the best option for you would just be investing which is say okay I've come let me look at Apple it looks like Apple is about to make money I'll just buy Apple shares or buy long-term trades right you wouldn't have to sit through because trading does require time you cannot run away from it you need time to look at the charts if I tell you that we can take calls when price breaks previous day high. How do you know previous day high is happening? You would need to take time calm sit down draw your lines know where high of day there is or you need to set reminders for when to reach that price and then you would need to take time to look at your phone say okay it's reached 690 let's enter calls you would need to take time trading is not like I can come later right everyone that was trading yesterday can tell you everyone that traded last Friday can tell you so if there's a challenge and I think this is super important that's why I wanted to say it so it's understandable instead of typing it If there is a challenge in seeking out time to get in class on a Friday for example, right, there is a message there to say currently it may well be that your current schedule does not allow you to trade. The knowledge is necessary.
Okay. But the the time to get to commit to it because for me I do take time to trade. Like I last Friday, not yesterday, last Friday, I think I paused you guys to take a client meeting. I had to go out to work. So it it requires you to put some time in it and if that's not available then there's a message there.
So I think it's super important to take that on board. Okay. Nonetheless, when we move to the main community, I take time to do like like recaps of the trading day or the weeks. You can have videos I can share and I'm going to show you how that works here. Okay? So I have that there. So if that's something that is useful for you when you're in the community, you may be able to get to benefit from that. Okay? But these are the points, right? So we want doing it randomly because honestly on a Friday after a long week for you to watch 3 hours or four hours of video live recording, I think you're going to be bored. You're not going to get much from it. There's no value. There's no substantial value there. It's super important to just ask the questions in the community so that those that are learning fast can help you. For example, I'm seeing everyone, you know, providing updates around the Stanic ETF. This is what it should be. People that are connected can can share with other people, right? Make sure that obviously they're super uh they're sharing the ideas. And you would notice as well, the more you share, the more knowledgeable you become. Okay? Does this help provide some clarity at least?
Yes, it does.
>> Okay. Okay. Thank you. I I do want to keep you guys hanging. I I hope this helps because it wasn't just coming randomly. I'm uh you know, I'm I I like to be able to be as transparent as possible to let you know cuz I don't want you to just come here and just saying you're paying money and it's like you needs to know where you are. Super important to understand the stage where you are because some people are super busy like you know you don't have time.
So why do I want to why do I want you to pay for something that you might not be able to use long term when you can put that time elsewhere and get more reward and productivity because trading does require time. I mean you can trade part-time but it's called part-time for a reason. There's still time at the end of part. It still needs your time. It can't be random. You need to commit that time. Okay. But let's go through this and then we can move on. So yesterday Okay. So today I want to cover two main stuff that you need. I'm going to show first of all I'm going to show how the market went. Yes. Actually maybe it's better to show you. I'm going to we're going to go we're going to start by setting up how we go through the day to get ready for the trading which is technical analysis.
And then I can play yesterday's trade so that you can see it's super easy. We just click on replay right. Uh start new replay. Okay, this is yesterday, right?
Market started from here. From here yesterday.
Oh no. Cancel and replay.
So this is yesterday. So this is how we watch. We can watch replay. I'll play for you guys. Yesterday I can put the lines actually. You can see yesterday.
This is pre-market, right? This is premarket high.
This is this is what was happening yesterday. Yesterday this is the time.
Can anybody who are trading it's going to be fast. Let me slow it down so you can see. I'll slow it down to 0.3.
Okay. So maybe 0.5.
So this is where market opened. Okay.
Market went up touched that place.
It went too fast. Hold on.
So this is I'm going to slow you down so you guys can see. This is yesterday play.
Uh this was the market yesterday when we started. This is pre-market. This is before market opened. Okay. The brown background is before market opened. This background. So from 4 from 4:00 New York time market opens 5 and 1/2 hours before the main market open. It's called premarket. The people that can trade here are the big banks. So institutional traders. Okay. Um yes. Uh Sandra, yes, that's the community, but we'll come to that later. Institutional traders are able to trade um pre-market because they are big banks, right? So your banks, even individuals that have got accounts that allow them to trade premarket, they can trade here. So this brown background is premarket. Okay? So you can see the m premarket, the market was going up. People were buying after a sell off yesterday when market closed.
This black background is live is when market hours. This is after hours.
So if you look below 9:30 a.m. on Thursday, market open this black background.
Market open from 9:30 a.m. So you guys need to understand we're 9. So okay, let me step take a step back so you can understand. Okay, we mostly trade we mostly trade the US stock market. Okay, there are several markets across the world. Okay, every country has a stock market because you need businesses in that country to be able to raise money. Okay, there is the South Korea uh Korea stock market uh stock exchange.
Okay, it's called the Hansen, right?
There's India stock market. Okay. There is I don't know Malawi if you want.
Everybody has a stock. Every country has a stock market. There is Afghanistan has a stock market.
Okay. Actually they've closed it down.
There's no one because they said it is wrong. But next door which is uh Pakistan. There's a stock market in Pakistan.
Okay. There's a stock market in Australia.
Okay. Every country has a stock market.
Every country, there's the Nigerian stock market which is called which is known as NGX. Yeah. Every stock market has this. Every country has a stock market.
In the stock market, you can trade anything you want. Anything you want.
Okay? Like in the stock market, you can trade corn. Okay, that's the price of corn there.
You can trade wheat.
That's the price of wheat. You can trade copper if you want.
But you know what is in your electric cables? You know when you electricity inside when you when you open this, it's copper that's through it. You can trade it in the stock market. That's the price of copper.
Of course, everyone knows you can trade gold. Yeah, you can trade eggs. I don't know you I don't know if you guys know this. You can trade eggs. There's a there's a stock market for eggs. Okay, I'll show you the charts. Here's the charts. I'm going to take this off. I don't like to come to trading economics because it just shows I'll show you futures here. This is egg futures.
This is the price of eggs. 3,350 for a like a what do they call them? A ton of eggs. This is how eggs was this is how eggs performed yesterday. You know this is the this is the one day price rights was what's the what's today? Uh this is 24 2025.
We can see later eggs market is closed at the moment.
Okay. We can see we can anything you want. I think you can coffee or cocoa. Sorry, it's cocoa, right?
You can you can try you can trade you can trade coco in the stock market. You can trade anything you want. It's a market, right? You can trade anything. I think at one point they used to have beef, right? I don't know if it's still there, but live cattle. They got cattle futures. You can trade cattle. This is the price. Yeah, this is the chart. Let me take this off. Reject all. You can see you can trade live contracts for cattle.
Yeah. This is the stock market. So, the stock market allows you to make money.
Yeah, you can make money. This is this is what I always tell people. Most people don't know this. Yeah. Yeah.
There's a pirates stock market in Somalia.
There's a stock market for pirates in Somalia.
Okay. Most most I was when I used every time I show this market, people are like what? Yes, you can trade anything in the stock market. This is the sly stock the stock market for that's that's the this is this is people are outside tra looking to buy shares for stock. These are the guys from the report. These guys will contribute the money so that the pirates will go buy weapons and then they will hijack a ship and then when they get ransom they share to these people.
So the stock market is arguably one of the biggest.
Yeah. It's in Somalia. Somali pirate stock market right acting as 24-hour exchange. Locals invest money in guns or supplies in upcoming hijacking missions to get sh future ransoms.
I can see people were just being surprised here. So there's a stock market for anything, right? But obviously the most common the most common things people buy in the stock market are the stocks for companies, right? So stocks for companies are more common. But I'm sure you guys can hear recently the price of gold has been doing numbers. So gold is being popular. So the stock market for everything we here we and then so you have products that you can trade in the stock market then you have how you trade them. Okay.
So you have the products and then you have how you trade them.
You can buy individual stocks. Yeah. Or you can buy the promise. So sorry you can trade individual stocks buy and sell. So a company company let's say company A Apple right can buy Apple. So Apple goes we need to raise money our company is valuable. We do really good products right? So let's try and seek for more money to build new iPhones. So if you think about it Apple does not they don't have to wait to sell this year's iPhone for them to um for them to then start working on new on the new ones. They use ex they they create these iPhones. They ship it out. People are buying. They're already creating the next phone. So the next what have you got? iPhone 17, iPhone 18 or whatever is already being is going through production and they're doing research.
They're getting data from the market based on current 17 what people like, what they don't like, what the trends.
So all of those things are happening.
Okay. So that's how the market works.
They go the businesses go into the market use sell a portion of the company right to individuals that want to buy.
So you can say okay you know what I believe in Apple every year they're bringing out new phones people are buying they're selling the phones they have their software which is iOS you know people use it to develop products that's why they can put their apps on the app store is developing computers they want to invest in AI so the future is bright or you go okay I like Google you know I use Google Chrome I have Gmail YouTube people are already becoming YouTube content creators demand is going up you know all that stuff or I like Netflix you know they're putting more shows So you can buy the com those shares. That's one way. Another way that you can buy there are several ways. I'm just listing out the ones that are basic. Okay. Another way you can buy is you can buy the you can trade the promise of the price of the stock in the future.
That's what is called futures. Okay.
So futures essentially is you saying okay at the moment Apple looks to be going up. Apple is let's say at the moment uh Apple stock is uh let me go to Apple. Where's Apple? I think I have Apple here. Sorry. Uh AAPL. I'm going to hide all this stuff. At the moment, you know, Apple is 277, right? It looks like Apple is just been going down. The value of Apple has been coming because people think like Apple's stock is overpriced.
So, they're selling off. I think that Apple is going to come from 277 to maybe I don't know 275.
So you can say to yourself, I'm going to tell somebody, I'm going to buy Apple stock from you by the end of February.
I'm going to buy it at 275. So you can buy futures. Okay, you can trade promise. There are different things you can trade in the markets. You can trade bonds. So you can borrow real money to Apple. buy Apple bonds and then that's Apple borrowing money from you, not selling you a portion of the company.
It's you're borrowing them money and then they'll pay you back with interest when that loan matures. So they call when bond maturity. So they can say can you you know we're selling bonds each bond is maybe say £1,000 for example and then that bond will last for let's say 6 months. So that means by July the bond will mature. Apple will say, "We'll pay you back 1% 0.5%." So, you're going to get $1,25 or whatever return or $1,250, whatever it is. Okay? They pay you that return.
That's one way. What we trade is options. Options is a type of credit instrument that you can trade with stocks. I think most of you already understand what options are, right? So because Mia has taught options in the group, right? You guys understand what options are.
Yeah.
Because it's super important you know what you're trading. Okay. I want to make sure everyone understand. Good.
Options. Options is you're not buying.
So essentially the the the premise of option is you're not buying the stock. Yeah. You're buying the you're buying the obligation. You're trading. you're not trading the stock, you're trading the obligation to buy the stock at a certain price in the future, you know. So, say for example, one of the one of the examples I use is um you know, doing Yeah. So, futures is you're not you're not buy you're not you don't have the obligation. You're you're buying the credit note. futures is just you're saying that at a certain date, right, you're going to um uh uh if you hold that note until it expires, they will bring the product to your house to your address. Options is you're asking that you're going to buy the stock or share at a specific price at at a future date. Okay, so option so futures is you just saying you'll buy an instrument.
Okay. And then options is you're saying I'll buy at this price. Okay. So futures is I'm going to buy this instrument at this same date. Options is I'm I I have the I have the right not the obligation to buy it. So for example, let's just take an example now, right? Beyonce was on tour. Okay. Beyonce's concert ticket was out maybe let's say it was one let's just say simple easy number. It was $100 for one one ticket. They they they the tour then started at let's just say it start in New York. Okay. New York. He went from New York maybe two nights in New York and then two nights in New Jersey. It was just going on. The reviews for Beyonce concert tickets is amazing. Oh my god, this show is incredible. Um, you know, Beyonce surprise audience by bringing out Blue Ivy blah blah blah blah. The demand for the ticket begins to increase. the company that sells the ticket start going, "Oh my god, this ticket is flying off the shelves, right?
We need to increase the money because demand is there. So, ticket master raised it from $100 to 110.
The reviews are coming in. This show is incredible. Everybody needs to get it.
Tickets are becoming scarce. People can buy tickets. You can go to ticket master and say to them, you know what, Beyonce is coming to Lagos uh on the 1st of October. I think before between now and then these ticket prices might go up to like $150.
You then tell ticket master. So remember ticket master is currently selling the tickets at $110. You said to ticket master, hey can I buy can I can you keep one Beyonce ticket for me or can you keep 100 Beyonce tickets for me for $120?
Okay, I'm going to come and pay for the tickets before the 1st of October. So, anytime from now until 30th September, I can come and pay for it. Yeah.
Then ticket master will go, "Yeah, sure.
We can. But for us to keep the ticket for you aside, instead of paying the $120, we're going to charge you $12 now." So, you're going to pay $12 now.
Then when it gets to September, if you still want the ticket, then you you pay the remaining difference. The difference between 120 and 12, which is what is it?
101 or something like that. $18 that you have to pay. Okay, that's what it is. So notice that instead of you paying 120, you only pay $12.
Okay, cheaper.
Now what happens is Beyonce's ticket continues to sell out. People like, "Oh my god, Beyonce is bringing out horses in the concert. It's crazy. Ticket has jumped from 120 to 130." Continues to go up. Always sold out. What do you think is going to happen when Beyonce gets to Leos? Tickets will probably be like maybe 170, 180, even $200. People are going to pay because they want to see Beyonce. But remember that you have already agreed to buy the ticket for $120 from ticket master. So if ticket has gone to from 110 to 115, 115 to 118 is going up and up. That agreement you have with ticket master is going to is going to be more valuable. So, what happens now is if tickets now get to $130, but you have an agreement of $120, you can take that agreement and go to the market. Go on Twitter or whatever and Instagram and say, "Hey guys, I got Beyonce tickets for Lagos. Currently, it's being sold at 130. It might be 150 by the time it gets to Lagos. I'm going to sell it to you guys for $130."
You agreed to sell to buy the ticket for 120. You're selling for 130. The current price is 130 or you're even selling for 125 and the current price is 130. People will rush you and say, "Give me, give me." And then they will take it from you and then go and give to ticket master.
Ticket master has no choice but to sell to them at the at great price that you had. So, you paid $12, but you have now made more money on top of it because you were selling the agreement. So, you didn't buy the ticket. Whoever buys from you can go and then buy the ticket or they can also resell and then resell and resell.
That's what you're doing in options.
Now, the same way he walks up, it comes down. If Beyonce goes to the concert and concert starts to become shitty, no Blue Ivy, no horses, ticket comes down from $120 to like $90.
that agreement you have is still 120.
So if you want to sell to somebody that wants to go to the Beyonce concert in Lagos, they're going to go, "Why do I have to pay you 120 when the ticket is now currently only $90?" So the value of what you have reduces. So the value of your options contract is tied to Beyonce's performance. If it's good positive review, price goes up, the value of your the the agreement goes up.
If price come if the because it is shitty and price comes down the valley comes down. That's what's happening when you trade when you buy spy when you buy spy contracts right when you buy spy let's say you buy spy at $2.
Currently spy is $6.90 you buy call contract at $2. You're saying spy will go up. Yeah. If the price of spy starts to come down this amount of your contract will start to come down. If the value of spice starts to go up from 690 to 691 692, the value of your contract will go up. That's what SP that's what options are. Options is uh is a financial instrument that gives you the right not the obligation to buy the instrument to buy a product at a specific price. If the the spec the price of that product goes up, the value of your contract, the agreement to buy goes up. If the price comes down, the agreement comes down. That's if you buy calls. If you buy puts because you're thinking the price will come down. If the price starts to come down, the value of your contract goes up because the price is coming down closer to where you thought that the price would be. But if if you buy puts but the price is going up, then the value of your contract will lose the value would drop because obviously price is going away from it.
So that's just what it is. That's what options is. Options. The reason why options is popular is because it's cheaper. So, for example, if you see, instead of you paying $690 for one spy uh uh share or stock, you're only paying $29.
But that $29 is actually for 100 shares.
If you wanted to pay 100 shares would be $6,900.
No, 69. Sorry, it will be 69,000, right?
Cuz 690 * 10 is 6,900 * 100 is 69,000.
But you're only paying 200. So it's super cheap, right? You because you're only paying for the the the um you're paying for like a promise to buy or sell in the future, not the original stuff. Okay? That's what that's what uh options are. Options are popular cuz it's cheaper. You don't have to put all the money up front. If the price drops down far beyond and the value of your contract expires, you only lose that exact amount. So if the value of that contract goes down to zero. So say for example SPY goes because this is calls. If SPY goes from 690 to I don't know uh $660 and then this contract goes down to zero. You only lose $29 compared to if you had bought this for 69,000 and then it goes down to to 600.
You're going to lose 90,000. Uh 9,000.
Okay. But you only lose 200 here. So the reason why spy the reason why options are a better approach is because it's cheaper, right? You only lose the value of the premium you pay for that agreement. Is that clear?
I don't want to dwell too much on it. I want to move on to the next stuff. Does that help clarify? Okay, good. You're not buying the You're not Yes. You're not buying the contract. You're buying the promise, which means it's cheaper.
And the promise is tied to the value of that contract. It's the same thing if you were buying I don't know say Netflix if you wanted to buy Netflix right Netflix if you buy if you tell so what what what this what this chain is saying to you to what this chain is saying to the market is I want to buy I intend I want to buy a promise to buy Netflix at $82 at 20 100 Netflix shares. Okay, I'm going to pay $110 because this is 1.10 * 100. Okay, and I want I I intend to buy it between now and next Friday, which is 13. Now, if Netflix price goes from 8220 to say maybe 83 or 84 or 85, the value of this will jump up. It will jump up from 110.
it will jump up by at least $42.
So it will go from 110 to $153.
Okay, that's the delta. That's what delta means. Delta is how much the value of your contract would increase by if the if the price of the underlying stock moves by $1. So if this goes from 8220 to 8320 this price will jump from 110 it will jump to 150.
What is it? Yeah it will jump to 152 cuz it would increase by 42 uh if it continues to go up it will be increasing by 42. Also this will be changing. It will change from 42 to 52 to 63 to 73.
So the higher Netflix price goes, the higher the value of your contract.
That's why when you buy a contract, we when we buy contract, we're watching spy. When spy goes up, the value of our contract goes up, we can sell it's by if you buy, that's if you buy calls, right?
But if if we buy calls and the price comes down, then you see the value come down because it's tied. Okay, that's what it means. So you're not buying the stock, you're buying a promise to buy the stock at a certain date in the future.
the closer you are to the dates, the cheaper the stock, but also as you go, the the the the more the value of the of that contract expires, which is called tether. So every day that you hold this stock, so let's say you bought this on Friday and price stayed at 82 at 8220. So there was no change in the price. The value of this contract would drop by $12. That's what tar is. tether is the amount that the value of your contract will drop by every 24 hours as you get closer to the expiry date. Now, this tether also changes. So, because if you go from Monday to Tuesday, it will is 12 today.
By Tuesday, it will probably be maybe 18 or 15. By Wednesday, it will be 20. By Thursday, it will be 25. By Friday, it will be 50 because you're getting closer to the expiry date. So the value of the stock of the contract is reducing because there's not enough time now for it to recover. So tear is tear demonstrates how um how much the value of the contract would would reduce by every day. So essentially it's better for the contract. So in my view how I trade is I prefer for the delta to be way higher than the tether. So that way, so for example, if if if Netflix only goes from 8220 to 8320, I'm going to earn $42 in one day, but that would then by the end of the day, it would then reduce by $12. So it would just go down to $30. So it would be 130 instead of 142. 152 be 140 instead ofund 152. Okay? But don't worry about those.
Those are something you'll pick up as time goes. I'll be explaining in the community because we're going to have more classes if you're in the community to explain this. Okay. So, but this is what SP this is what options are.
Options you're not buying the contract, you're buying the promise. That's why it's cheaper. So, because somebody asked this question yesterday in the in our live trading, somebody was asking me because we're saying you should only trade with $100 on average. Somebody was saying why should we trade with $100 when the the the price of spy is like 600 and something. Is the person in the group here? I don't remember the name but did anyone I think someone asked me that question yesterday is the person in the in in the in today's session okay no worries probably get that done right so this is the market yesterday so I want to show you guys in the market okay so this is the market now I you can look at charts from anywhere you can use you can so does this mean it's advisable to sell early in the today because of Tether. It's advisable to sell once you're in profit.
You can sell whenever once long as you're in profit. We're not greedy. Once we're in profit, we just we just sell our our contract. Okay? Because we're just beginning. We need to build the skill and experience and knowledge, right? To make sure we understand how we trade. Now, there are different places that you can check the charts. Yeah.
Okay. There are different places you can use. For example, think or swim right has a chart. If you log in, you can see you can see a chart. Okay, they have their own charts. I don't have an account, but you can see if you have tink or swim charts, you can see charts.
Okay, images. It looks like this. Okay, you can see testy trade charts. Okay, so you can use different platforms for charting. In fact, you can use trade zero.
Okay, you can use trade zero charts. It looks like this. Okay, different platforms have different charts you can use. Personally, I use trading view.
Why? Because I think trading view has additional features that helps me trade better. Okay.
So that's why I use Trading View, right? And this is how Trading View works. One of the things I like Trading View is the background is able to tell me which part of the day I'm looking at.
So for example, this black background is during trading hours. So if I scroll like this, you're going to see a lot of black, blue, brown, black, blue, brown, black, blue. It's like that. Now this black background is when market opens.
So once market opens the background is is dark. Market the US market opens from 9:30 a.m. New York time. So this line here is actually 9:30 a.m. from 9. So you can see below is 9:30 a.m. from 9:30 a.m. up until 4:30 p.m. Oh, sorry up until 4:00. 4 p.m.
That's that is when market officially opens. That's when you and I can trade.
Okay. Now, when market closes, there is an additional 4 hours that market is still open. It's called start hours. Okay? Market closes at 4:00. You have extra 4 hours. that four that that market hours that after hours mostly institutional traders can trade there. So, the banks, okay, JP Morgan, uh, Goldman Sachs, uh, Barlays, all of the big banks in the world that can trade, I don't know if GTB trades, you know, I'm sure they have traders in GTB bank.
I'm sure they have first bank traders.
Those guys with the bank license, they can trade after hours. Okay. Then market closes 8:00 p.m. New York time, which is I think it's what is that? 8 8 9 10 11 12 1 2:00 a.m. Nigerian time. Market is closed. Okay. The next day, the next day market opens. Those instit institutional traders, they also have a head start before the market opens. 4:00 a.m. in the morning New York time. Okay.
You can see below there in the bottom there. Yeah. This bottom here. If you look here, if you look at the the line that comes up 4:00 a.m., can you see 004? 4:00 a.m. in the market. Market opens for institutional traders. You and I cannot trade. Okay. Institutional traders trade 4 and a half hours or sorry 5 and a half hours before market opens. Okay. These are again all the big banks across the world. All the institutional traders, people that have large portfolios, people that have millions in their account, they want to trade. They can trade during these hours. Okay? They trade. That's what that's what is called premarket.
Okay? Are you guys following? So you have normal trading hours. Market closes at 4:00. You have after hours, which is 4 hours after market close. The next day before market opens at 9:30, institutional traders can trade 5 and 1/2 hours before. This is called pre-market. One of the reasons why they have that is because that way banks and traders in Asia can trade US markets.
Banks and traders in Europe can trade.
Banks and traders in Middle East can trade. Everywhere else in the world you can trade. If you have access to pre-market or after hours um permission, you can trade. The requirements for those vary. You know, you have to you have to have x amount of money in your account like big big, you know, amount.
You can trade these hours.
Pre-market runs from 4:00 a.m. in the morning New York time. Okay.
Which is 10:00 Nigerian time. Yeah. It would run 10:00 a.m. in the morning. It would run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run run until 9:30 a.m. in the morning. Boom. Market opens. What happens when market opens?
What is the background? What background do we have when market opens?
>> Black.
>> Good. Good. This is where market opens.
Boom. It then shows this black background. Market trades. Trades.
Trades until 4:00 New York time. What happens when market close? What background do we have?
>> That blue.
>> That blue.
>> Good. We have the blue which is called after hours. Okay. after hours and then goes on until 8:00 p.m. Boom. It closes. The next day, what happened? When do we start? When does premarket start?
>> 4:00 a.m.
>> 4:00 a.m.
>> Yeah. What background of the color? What What color background do we have here?
>> Brown.
>> Good. Until what time?
>> Um, >> until 9:30 a.m.
>> 9:30 a.m. New York time. Okay. Good.
analysis. So this is why I like trading view because trading view is able to tell me even without looking below I know which time it is. Okay, I can see.
Okay, so now we trade the US stock market. The US stock market is you can see the time there. The US stock market.
So currently right now in New York, what time is it in New York?
What time is it in New York?
>> This is like 3:15.
>> Exactly. Exactly. 3:15. Thank you very much. Yes. So, currently in Nigeria is 9:15, right? 9:15 p.m., right?
It's 9:15 p.m. in Nigeria, right?
>> Most of you in Nigeria. Exactly. Here in London is 8:15 p.m. So now you know the time that market opens. Okay. You know that Nigeria is 6 hours ahead, okay, of New York. So what that means is because market opens at 9:30 a.m. New York time. What time would it be in Nigeria when market opens? US market, what time would it be? So market opens 9:30 a.m. in New York. What time would it be in Nigeria?
>> 3:30.
>> Thank you very much. 3:30 p.m. So, everyone knows that 3:30 p.m. market opens. However, remember that pre-market starts 5 and a half hours before market opens. So, that means that you guys from 10 10:00 in the morning premarket. Yeah.
10:00 a.m. Yeah. 10 a.m. in the morning.
If you come to trading view, you will see you will see you will be counting but the background will be brown until market opens it becomes brown. So now that you understand market structure, so that's how that's because we trade we trade um we trade New York markets. Now if we were trading I don't know London markets then market in London opens like 8:30 a.m. in the morning which is 9:30 in Nigeria because the UK is 1 hour behind Nigeria, right? So market opens in London 9:30 8:30 a.m. which is 9:30 a.m. and it runs to 400 p.m. Okay. But we don't trade I don't trade I don't trade London stock market. I don't think it's I mean the only people that trade forex trade London time. I don't trade it. You can trade London market but if you're trading forex or if you're trading UK stocks and like I don't know uni lever and uh Astroenica or whatever it is they have in the London stock market. I don't trade it. I trade the US stock market. So this is the time.
That's why I like trading view. Okay. So I'm going to show you guys how to set up trading view after I replay the market.
Now we can see this is how market is.
I'm just replaying the market for you guys. Okay. So you can see. So this is 9. This is 4:00.
Uh hold on. Where are we?
Play.
This is 4:00 in the morning on the 6th.
Okay, this is what market did when uh people were trading. This is the banks, all those big boys, they're trading premarket. Okay, this is how it's going.
Can you see? Can you see the the the the brown background is loading? Can you guys see it's loading? This market is going.
Notice what's going to happen once we hit 9:30 a.m. So, it's 6:00 a.m. now.
It's gone. It's going. Okay.
7:00 a.m. 8:00 a.m. 9:00 9 and then 9:30 boom look at what happens in the background. Market opens at 9:30. Boom.
See that bar background stops and then we see the main market starts. Right?
This is now market open. This is what happened on Friday. This is the market on Friday. For those of you that were trading on Friday, do you remember do you recognize this? What was happening in the morning?
I think it was testing the >> Yes, I'll show I'll show that in a bit.
Yes. Yes. And then market is closed.
Market is now closed. You're now seeing the blue background has started. Okay.
You can see and then market closed. And then once market closed at 8:00, we have nothing cuz it's Friday. Done. Now, somebody's asking in the community, can you is he able to trade in on weekends?
The market is not open on weekends. You can't trade. The only thing you can trade on weekends is cryptocurrency cuz crypto market is open 24 hours a day, which is crazy to me because if you go to bed and you wake up, look, Bitcoin was 70k, Bitcoin is down 1K today.
Bitcoin is still running. So, you can trade cryptocurrency in the weekends, but I don't trade weekends. I mean, honestly, you need time off the market anyway. You shouldn't be on the market seven days a week. That's insane. Okay, so this is how we look. Now, this is the link to open um tradingview. You go to tradingview.com.
That's it.
So, everybody go to tradingview.com. I'm going to post the link in here so you know how to chart. Where's the uh chart here? Okay. charting tradingview.com. I've posted it there.
So, if you click on that, you should have access to that. Open your account cuz I have my own account. This is my account. Okay, I have my account. This is my I have my account here. So, go to tradingview.com.
You know, actually on Trading View without having an account, you can still view the charts. You just click on products. Just hover your mouse around products and click on super charts. It will just load the charts for you. You don't need an account. But the difference is if you do this there will usually there's usually an ad that comes in the bottom left. You have like this ad screen. You have to keep closing it.
Okay. You can you can come on tradingview.com to look at the charts.
You can also look at charts at yahoo.com. Okay. Yahoo finance.com.
The diff the thing though in Yahoo Finance is you need to search. So you see on trading view I can create my own list. So I can add whatever I want to watch. So for example if I want to watch that if I wanted to I mean I added it before but let me take it off here. If I wanted to watch that I stand I'll just type stand uh ETF 30. It's there. I click on add.
It's now on my list. So if I scroll to the bottom, I can see stanic there. I just click on it. This is a stanic chart on the five minutes timeline. I can do it on the daily. Can you see how this stock has been flying since the beginning of the year? See, look, this stock took off October last year, starts to climb. It came back down by December and then exploded all year.
This is why I like to come to Trading View is because um you can see a lot of the seasonality. You can see some data here. It tells you, you know, um what is going on, blah blah blah blah. I like trading view, but again, as I said to you, you can use different ones. You can use Think or Swim. I don't know if you can open Think or Swim from Nigeria.
Think or Swim is one. You can use Tasty Trade.
Another one. You can get chats. You can use what is the other one people like to use? There's another there tons of chat plat platforms. But you're going to find out that most traders like to use trading view because it's nice and easy.
For example, the S&P 500 that we like to trade. It has a chart here. You can see the chart here, right? And then if you want to see how it performed, you just go to historical data. You can see previous day high, which was yesterday the 6th. This is the high. This is the low. This is the close. So high 69231.
Low 68085. Close 69062. If we come to um Trading View, it's the same thing. High 69231, which is the same thing here. 69231.
Low 68085.
Same thing here. 68085.
close 69062 which is here 69062 so you can get these from anywhere you want you can look at charts click on charts here you can see the charts right you can see the charts you know I don't know if you can draw lines I think you can draw lines here no draw yeah draw lines you can come what's the close 690 62 I don't even know if it's I I haven't used this before so I don't I know you can draw a line okay horizontal a line.
You can draw it here. Whatever. You can draw lines here. But for me, it's super smooth. If I use uh Trading View, I'm going to And Trading View allows you to use all of these tools here. I'm going to post a video, YouTube video, okay?
Right. Of It's pretty straightforward, right? How to set up view Looks pretty straightforward. Beginners to you know this is guys you can go here find time and watch it. I'm going to post it in the community here. Uh let me reply myself so you have the same thread. How to set up. Okay. How to set up video.
Okay. Pretty straightforward. This guy is talking about it. You can see this is in the chart. Super chat. So when you go to the website, go to super chats.
You can set the background white or black if you want. This is pretty straightforward. If you watch this video, you will understand what to do.
It's pretty straightforward. You can say how to set up tradingview.com black background.
You get it easily. See, you can you can watch your story if you want because setting up you just go to the top settings, change the background on the top right there. Go to indicators. You just It's super straightforward. Okay, don't be afraid. It's not going to break. I want you guys to be confident in using these tools. It's not going to break. If it gets messy, there's a back icon. Look at that arrow there. This arrow. Just go back. If you mess things up, just click back or refresh the screen. You're not going to break anything, okay? Because the goal is for you to get used to how to use this stuff because it's going to be super important. If you want to start your day, you go, "Okay, today I have some time to trade. What should I do? You come to trading view or whatever platform you want to use and then you chat. Okay. Now, this is how we chat.
I'm going to delete I'm going to delete a number of these.
So, does everyone understand how to get where we chart? So, trading view, everyone knows how to get there because we're going to go to the next stage.
Good. We're going to go to the next stage.
which is setting up our key levels.
Okay. So, this is what we do. Now, in the stock market, I want you guys to ignore this line. I think maybe I should use something that doesn't have that much line. Okay. All right. So, QQQ, I'm going to use QQQ because it's similar to actually maybe use IWM because it's similar to Spy. Okay. Now, I was saying to people, so this is being recorded. If you miss any part, we can just you can just go back and watch this. Fast forward, you know, when we're talking, fast forward to the place we're talking. That's the next question.
Everyone is asking me this before we even get Okay, so Cisco and uh Yinka, this is your this is I'm about to answer your questions now. Okay, are you ready?
>> Yes, I'm ready. Thank you, sir.
So on on on every chart on every chart you can follow okay you can follow the charts you can follow the markets on a wide range of time frames. Okay so you can look at the charts how the chart is performing on a daily basis. So what that means is each each uh each stretch here tells you how spy has been doing on a daily basis. This is on this is on um on Yahoo. But I'm going to show you why people prefer to use um Trading View.
Okay. So this is why people prefer to use Trading View.
>> Now on Trading View, you can view you can do more stuff because Trading View is focused on building one of the most interactive and decent charts. Okay. So this is the chart how it's been performing on a monthly basis. What that means is so if you see on the top it says M there that's monthly. That means each candle represents a month one month. If I zoom out you can see properly.
Okay this is 2026 here.
This is January. This is February. If I go to a uh uh last year, you can see each candle represents each month. This is April, this is May, this is June, this is July, August, September. So that's what it is. I can come down to the weekly level. That means each candle here represents how the stock did on a weekly basis. If the candle is red, it meant that that week the stock mostly came down. If it's green, it means it mostly went up. This is what it is. Okay, we can go to daily which means each candle here represents one day. Okay, so you guys can see yesterday IWM went up by $9 which is 9 points. Let's just call it 9 points. So 3.5%.
This candle is green. The previous day IWM was down is red, right? So that's what it means. We can go further down.
We can go to see what the market did every 4 hours.
Okay, so each candle represents a 4hour time frame. Here's 1 hour. Each candle represents every 1 hour. Here's 30 minutes. What does each candle represent here?
So >> every hour.
>> Yes. And then I've clicked 15 minutes.
What does each candle represent here?
>> 15 minutes.
Exactly everyone. Now you get the idea.
You get the idea. Okay. All the way to 1 minute. If you want some There are some people I think is crazy. Some people watch the market every 15 seconds. That is insane. How are you going to know what's happening every 15 seconds? It's too short. But these are futures traders. They do that. But anyway, so going back. I just take it off. I don't need 15 seconds.
Just delete that. Anyway, it will change.
>> Yeah. Go on.
>> Uh so when you click for example 30 minutes just to go with that each candle represents 30 minutes.
>> Yes.
>> Okay. Thank you.
>> Yes. Any time frame you click here each candle represents that time frame. So if you notice when I post in the group I'll say spy spy. I put the dollar sign. The reason why I put dollar sign, by the way, is if you type NL FX, it just says NLFX professional DJ equipment, whatever, right? But if I put a dollar sign, it knows that it's Netflix. So, one of the hacks on search is to use dollar signs on everything you want to do.
Okay? If I do at Apple, it will show me the stock. If I do Tesla, it will show me Tesla stock. So that's why I always put dollar sign. Dollar sign is super important. This is called ticker. So in the stock market, remember there are like hundreds of stocks. They don't write out the full names of the of the companies on the board. They write the ticker. It's called a ticker. Okay?
It's usually either one letter or two letters or three letters or four letters. Okay?
Once they do that, right, once you put that in the stock market, it knows what you're looking for. So every time you like, for example, the Facebook's official name, business, registered business name is Meta Platforms Incorporated. But in the stock market, it uses META. Okay. Alphabet, which is Google, right? It's Alphabet Incorporated. GG G O G L. So each stock has that you put MU right this is Micron technology if you put NVDA what is NVDA guys >> good stuff good stuff so you you're getting the idea now so that's why I put that so you know we're talking about okay what is AMZN >> Amazon >> very much guys good see you guys know this model. So if I wanted to search, if I just do if I just do AM ZN here, it will bring Amazon. Okay, I put MDA, it will bring that. The good thing as well is on Trading View, you may not know the ticker. You just write the company name.
So if I wanted to do, I don't know, Tony Alum's company, I just do Transcope.
It come up Transcope. Okay, this is why I like Trading View. It's it's like universal. Okay, super good. So, this is what it looks like. Now, the question is, how do we get pre-market low and premarket high prices? I get premarket low and premarket high prices from Trading View. The reason why I do that is because if you notice Yahoo Finance, for example, it doesn't show the price.
You would need to be keeping an eye on the day or whatever to get it. It doesn't show there. There are some there's some there's some uh websites that shows it um premarket low uh prices uh US stock market. Okay, but you can see them from like CNN or investing or whatever. But I don't have that time. I'm not doing that. I just stay here. Now, when market starts, I'm going to go back there and show you guys something.
Uh let's see 2 minutes.
This is SM. This is SPY which is what we normally trade a lot which is the S&P 500.
If we wanted to select bar let's say there.
Okay. and then play.
As this market is going up now on on um on spy, sorry, on trading view, you are going to see on the bottom right here, it will tell you what premarket high is and premarket low is. It will say here. If he doesn't say it, all you need to do is look in this brown area, this brown area. Which part did price hit at the top?
Which is the what is the highest point that price reached before the market open? Does that make sense? So if you can't see that, if you come to trading view, this is why the background is important. So for example, I can see the price. So let's keep watching. Let's just see.
We're coming. We're coming to We're coming to uh So, we're coming to 9:30. I'm going to pause it when market opens. 7:30 7:00 7:30, right?
7:30 8:00.
Yeah, you can see 8:30 price is going uh 9 9 coming up to 9:30 shortly.
Market is open. Okay. Market is now open. Where do you guys think is pre-market high?
Someone can someone just tell us where they think pre-market high is.
Okay. Maybe nobody knows pre-market high >> 30 a.m.
>> No. So before so premarket. So remember market opens at 9:30 but premarket starts from 4:00 to 9 to 9:29.
Okay. So premarket on trading view is this brown background. Therefore pre-market high would be this place. The highest point.
>> Yeah. Does that make sense? The highest point >> 630.
>> Yes. You said 630, right? So the highest point that price reached this area that top point >> is that 630 or 682?
>> 680 683. 683 not 6:30 683. Sorry. Thanks for calling out. Yes.
>> No, I said it h it occurred at 6:30 a.m.
>> Oh. Oh yeah. Oh, you're saying the time.
Oh, yeah. Yeah, I understand now. Yeah.
But what we do is I tend to watch I tend to watch the So if you notice I always say to you guys I will say something like this is the current pre-market high please update if there's any change before market open right so for example suppose when I posted the levels market the the high was here was this place this high here right So let's say this was the high when I was sending the screenshot you know if you look in the community I would say spy levels here please whatever so when I say let's say when I did it price was here then price came down a bit and then price go up goes up and then touches this place here which is the 63 area this one yeah this is the 683 area and then we're waiting and then boom boom and then market opens once market opens you know okay this was the highest before market open. So this is where we mark premarket high. So can somebody go to uh our WhatsApp group and scroll and find out what was our pre-market high on Friday on Friday before market open.
What did I post?
Can you remember? If you scroll in that group in the morning, I think I posted spy levels here. What did I say?
Yeah. Can someone tell us what was the spy levels? Spy. I said this. I sent this around UK time was 156. So it would have been 256 in Nigeria. When you click on the image, what do you see?
>> It was 683.
>> 6829.
>> Yeah. 6. No, no, that's that's >> 68281.
>> There you go. So that's the line. So 6 this line is actually 682. I know I'm just drawing with zoom but if we zoom in clearly if we zoom in clearly to try to get it.
If you put in you can see 682 look on the look on the top this side here I keep on the top go to one minute easier can see that is the top 682. So this is the top this is the highest before here. So you're not looking at the black side. You're not looking at the blue. You're looking at the brown area. What is the top? So if I hover my mouse, what does the price say on the top on the right side next to the arrow where the mouse is? What does it say?
>> 68281281.
>> Good. Now go to WhatsApp. What does the line in WhatsApp say?
>> It's the same thing.
>> Exactly. So do you guys now know how I get pre-market high?
>> Yeah. Yes.
>> So, I'm looking at the highest points that price touched >> before market opened. That's pre-market high.
>> Okay. What would be the So, what would be the opposite then? Would that I'll be pre-market low, right?
>> Good. So, where would I be looking?
Where would I be looking? I'll be looking at the what?
>> Below 690.
>> Lowest point.
>> Yes.
>> Uhhuh. The lowest point what >> in the pre-market >> below 692.
>> Exactly. The lowest. No, no, not below.
The lowest point in that brown area that price touched. Okay. Where is the lowest point? This is this is this this is actually this is actually an interesting one. Where's the lowest point?
>> 671.
Looks like a 671 131 or so. Let's put let's put our bar and see >> no 67 >> because this bar this bar this is the first bar that opened this one 4:00.
Yeah. So premarket level this is the low because if you notice once premarket opened price never came back down right.
So look premarket open price was just going up bum bum bum go up until market open. So it never came down. Therefore, the bottom area of the first candle would be the low.
Yeah, this candle because this is the 4:00 candle, 4:00 a.m. New York time, right? Which is when premarket open. The bottom of this candle will be our premarket low.
And what?
>> Yeah. What is the number?
>> 6736.
>> Okay. Now, look, look in the chart that I shared on Friday. What does it say?
is the same thing.
>> There we go. So now, do you understand how I look at premarket high and premarket low?
>> Yes. Good.
>> Please, I don't understand the premarket low.
>> Low. Yeah, it's a bit confusing.
>> I know. I know. So, pre-market low is the lowest price point in that brown area. Now, in the case of Friday, I know it's a bit tricky. That's why I wanted to ask the question. In the case of Friday when market opened in premarket price never came down. So let me give you another example so it's easier to understand. Let's let's use okay let's use th did I share on Thursday? So this is Thursday premarket.
Yeah here 5th is Thursday. This brown area is Thursday. Yeah cuz Friday is here right? So I just go back push it.
This is Thursday. Okay. So, I don't know if I did I share Thursday with you guys.
Let's see. I think I shared Thursday.
Did I share Thursday? Let me scroll and see if I shared on Thursday with you guys.
>> No, you did not. You were on transit.
>> Oh, yeah. I was I was in transit. Let's say let's see Wednesday. That So, this is Wednesday. No, this is Tuesday. This is Wednesday. This is the brown area for Wednesday on the 4th. So, this is Wednesday. Did I share on Wednesday? Did I share Wednesday?
I'm I'm scrolling to see in the in the WhatsApp group if I shared Wednesday.
Yes, I did. I believe. Yes, I shared Wednesday. I shared Wednesday. I shared around 1:58, which is should be 2:58 Nigerian time.
Okay.
2:58 Nigerian time. So, Wednesday 4th. So, when you go, if you can scroll up, this is the Wednesday area. So if you look at that the date below in my my corso it's saying Wednesday 4th February right so this is this is Wednesday is it yeah I think this is also I think I shared okay I'm looking at third I think I'm looking at Hold on.
502.
No, I think I shared. So, this date was 0502. So, that's Monday. Okay, let's go to Monday because I I don't think I shared on Tuesday with you guys. So, okay, Monday. There we go. Monday.
I'm sorry. I'm not a second. Why am I not able to understand WhatsApp? Okay, I was I'm trying to make sure I get you guys a Okay, let me let's let's leave the chat. Let me just show you guys somewhere here because the whole of the market has been crazy the past few weeks. I'm trying to find somewhere that gives you guys a bit of a clarity. Okay, good. I think this could help. So, this one is Wednesday 28th January. Okay. So, on Wednesday, 28th January here, this brown area is pre-market.
Okay. Now, look at what price did on Wednesday 28th. So, this is the 4:00 a.m. candle, which is 10:00 a.m. 4:00 a.m. New York time, 10 a.m. candle. So, you see pre-market opens, price open, then went up, went up, went up, went up.
So, looking at this area, where's the pre-market high?
market high is here, right? The tip, which is the tip, which is the highest point, right? In this black brown background.
>> Mhm.
>> That is the highest point. Okay. 698 698 36.
>> What? Yeah. What date is this? This is Wednesday 26. I think I posted on the other group, our main community. I'm going to forward that to you guys so you guys can see. Hold on. Uh, Wednesday 20 this February this January. I need to I need to scroll because I want you guys to fully capture this because it's super important for you to understand because I you're going to end up doing this yourself. Wednesday 26 is 30th 29. Okay, I'm almost there. 27 26. There we go.
Good.
So >> Wednesday was 28th.
>> No, because this is showing. Is it 20?
Oh, 28. Oh, yeah. Oh, wow. Am I correct?
Thank you for correcting me. Yeah, 28 morning.
I think I posted levels spy.
Okay, let's see. Yeah, there we go. So, I'm going to copy I'm going to forward this to our I'm going to forward this to the group, the WhatsApp group because I shared this on Wednesday. This is what I wrote. Okay, if you open that chat, you're going to see that Wednesday on Wednesday, let me copy and paste here as well so you guys can know. So, how do I copy picture?
Uh there's no copy. Okay, if you go into the WhatsApp group, you're going to see the one I just shared was from our main community, our main trading community on Wednesday the 28th. You can see pre-market high in there. What's premarket high in that picture I just posted?
>> Is it on the chat?
>> Yes, it's in the WhatsApp. It's in the WhatsApp group.
>> 698 >> 698 36 >> 35 35. Yes. See? So, can you see on my screen here where my where my cursor is?
The mouse. Can you see?
>> Yes.
>> Good. So, what happened was when SPY opened, it went up and then he hit there in premarket and then it came back down and he it came so low. It he it came lower than the first candlestick. Yeah.
So, in that in that um chart that I posted, you can't really see it because it's covered, but look closely. Where is the low? What's the pre-market low? Can you read it? It should be saying >> 696.56.
>> There we go. No.
>> Yes. 69696.56.
>> Good. Can you see where my mouse is?
>> Yeah.
>> Yeah. Because that's the lowest point.
This is the highest point >> and this is the lowest point. Okay.
>> So that's why >> the lowest point is this for the green or red candle for any candle. any the highest candle. It could be you obviously if it's going up, it would normally be green, but it doesn't matter as long as it's the tip of the candle.
That's the that's the pre-market high and then premarket low is here, which is the lowest one. Okay? So, I draw both lines. Premarket high and premarket.
Premarket high is there. Pre-market low is here. Okay? The reason why it's a little bit confusing for you guys for Friday is because the moment market opened on Friday, it just went up. it didn't come down compared to the 28th what I showed you guys. So in instances where market opens and then it never came down to obviously lower then the bottom candle the bottom of the first candle of the day would be the low would be pre-market low. Okay, sorry the bottom of the first candle in pre-market will be premarket low. Okay, I'll say it again. If market opens, if premarket opens and then it didn't come down. So, if premarket opens like this, like it did, and it was just going up up up up up.
What that means is the low the the bottom of the first candle would be pre-market low. Okay, this candle here be pre-market low. If you go into the picture that I shared on Friday for SPY pre-market low, you will see that pre-market low is 673 what is that? 35 65 or whatever it is I shared there. It's it sounds a bit tricky but you're going to understand it. The more I post it in the group, you're going to understand what I'm talking about. Okay? If market opens and it's just going up, going up. So if it opens 4:00, boom, it just starts to go up. It doesn't come down. That first candle is the low of is the premarket low. If it goes up, comes down, goes up, comes down, comes down, low above, then obviously it will be there. That's what it is. Okay? Don't overink. You're going to understand it the more I post in the community when you join. So in this case, because price did not come down below when it where it opened in premarket, that bottom is is premarket low. Here is premarket high, which is what we worked with. Now, this is how we draw the line. If you have trading view, if you have trading view, this is how you're going to draw the line in trading view on the on the on the last.
>> Sure. The premarket low again.
>> Premarket low is the bottom. So premarket low is the lowest place that price was before before market opened in this case on Friday because when premarket open price went up, it didn't come down. That means the lowest part for when price for when market open for when premarket open would be pre-market low here. go back to the community and see. Let me let me let me just reshare that what I posted on Friday so you can see where am I? Where am I? Where am I?
Okay, good.
Okay, QQ. This is yesterday. Look, spy levels. I'll just share it again.
Forward. Let me forward it to this group again so you can see.
Look, I just shared I just shared yesterday's levels. Look at the line for premarket low 673.66.
It's here the bottom of this first candle. This first candle because look when market when premarket open it didn't come down, right? There's no there's no candle coming down, right?
There's no there's no candle coming down. So once it opened, it just continues to be going up. That means here is the low. If when it opened, it did that. Then it came down, then then it went back up. Here will be the low, right? But as it opened, it didn't come down. It just continued to be going up.
Don't worry, you're going to understand it as time goes. Okay? The more you see the the levels that I post, you'll understand.
Does anyone Does it Does anyone understand what I'm saying now? So, you can explain differently from me.
>> Yes, I do. All right. Sis, could you explain?
>> Okay. What you're trying to say is that please can you expand this um the screen?
>> Yeah.
>> What you're trying to say is that if um before the market begins, that's premarket.
>> Yes.
>> Like where this where this green candle started from in the premarket.
>> Yes.
>> We are going to we are going to do it at the bottom. That's the premarket low be at the bottom. Yes.
>> But if during trading the um candles went below or lower than the initial stage like if it dipped so the premarket was going to be that's at that point that's the >> okay that's yeah so let me let me explain to you guys. Yeah. Um let me use let me use lee expressway. Okay, I'm familiar with Lagos cuz I come to Lagos every now and then. Are you listening? Are you guys I know not everyone is in Lagos, but you guys know Lee Expressway, right?
>> Mhm.
>> Okay, good.
>> So, let's say let's say you are standing at the junction, right? And then there's a car there, but the car is Leia Expressway. Let's use what is the junction that has the Nik Art Gallery?
What's that place called?
>> I think it's >> Yes. So, say you're going from there to Victoria Island. Okay. If as you start your journey, the car that you enter, the boat was there at the beginning and then just started to go to Victoria Island. Yeah. That junction will be your beginning. That's going to be your low.
That's when you started because it was just going up. But imagine as you're standing there, the car didn't come there. The car was there, but then the car had to drive back to what's the next junction? The one that has the mobile uh gas station? Um Osapa, right? That's the next one, right? If he went back before he came to pick you up, then Osapa will be the bottom.
Okay, that's where he started from. But if he starts from a cate and takes you forward to Vitra Island, say you were going to, I don't know, knock by Allara, the restaurant. If you start from a cate, which is here, yeah, then you go.
But if the car had come all the way first had to go to Osapa area to reverse to come, then that would be a low. So think about it right at 4:00. Okay, the easiest way to think about it, the easiest way to think about it, between 4:00 and 9:00 a.m., what is the lowest place that price was before 9:00 a.m.?
If you're looking at this this chart now, what is the lowest part before 9:00 a.m.? What's the lowest part?
So, this brown area is 4:00 a.m. to 9:00 a.m. What is the lowest part? So, think about this as a line. What's the lowest part of the line here?
>> The frost candle.
>> There you go.
>> The bottom of the frost candle.
>> Exactly. That's the first time. But if we go all the way back to I don't know. Yeah. Let's go back to what date is this? This is Friday 30th January. Okay. So, Friday 30th January.
This is it. No, let me let me use something else so it's not too confusing. Yeah.
If we go to this is better.
If we go to Wednesday 28th January premarket. This is premarket for Wednesday 28th January.
Okay, this is it. This is what it looks like. What is the between between here and here? What is the lowest? So this is the first candle. So premarket opens boom and goes up and starts to go up. Go up come down go up come down go up there. Boom, boom, boom. Came back down.
When you look here, where's the lowest?
Where's the what's pre-market low here?
>> 69 to 696.
>> Exactly. Yeah, because you can see when market open here went up. This is premarket high, but then it came back down to here, which is way below.
I mean, this is this is the open candle went up, but then price came back down and broke here. So obviously here is not the premarket low anymore because price is broken below that right. So this is where premarket low is before price open and then market open here. So this will be premarket low 696 or wherever it is and this will be premarket high. So essentially you're just looking for the low point and the high points in that brown area. If price always goes up then the bottom would be the premarket low because price never came back down.
Right? If price opened and it went down and never came back up, then the beginning will be premarket high, the bottom will be premarket low. Don't worry, you're going to get it. I don't want to spend time too much because I don't want to keep this is this is another reason why we can't record live session because as you guys can see, we've been talking for exactly two hours now, right? So, if you look at a different day, let me show you a different day. I think I saw it before another day. Yeah. Look at this one for example.
Premarket. Is it premarket? No. Yeah.
Uh, no, not that one. I saw another premarket. Yeah, this is the premarket low for this is pre-market for Friday, 26th January. Can you see market opened actually? Maybe this is Yeah, but this is the first candle. The first candle is not green. The first candle is red. See here, open, boom, went down, came all the way down here, and then start to go back up. And it just about it didn't even clear that much because it's about the same right guys right it's the same before market opened price came back up so this is market market open premarket open price came down and touched 69 >> 687 >> 68707 and then went back up and then reached here so here is about the premarket high which is equal to the same first candle more or less right and then before market open. So, don't worry. What I'm going to be doing is when market I'm going to ask you guys to chat your levels and share in the community. Let's see how you've charted until you learn this stuff. This is common for everybody starting. Don't overthink it. You're going to get it eventually. Okay? Don't worry. Now, this is how you on on the trading view for you to mark your levels, for you to have a line, you need to come here.
These are all of the uh what is it called? Um all of the threads that you can use to mark level. The first one >> is the one you click and then you click on the first uh the the so 1 2 3 4 5 six. The sixth option is called horizontal line. Okay.
Let me go to a different chart that doesn't have that much line so I can show you. So let me go to Netflix for example. This is Netflix chart. Okay.
If I wanted to chat Netflix, I come here, I select horizontal line. I can either do this because I'm using uh Windows, it's telling me what the shortcut is. Can you guys see what the shortcut is written there?
>> Alternate H.
>> Yes. So, I can either click this line, click it, and then draw a line. Maybe keep a line on that place. See you have a line. Yeah, that's line. And then I can write on the line. To write on the line, I can either write says add text.
I can say premarket high.
Yeah, because that's the highest candle.
So the first candle of the day on Friday for Netflix, it went like this. It went high and then boom, then price came. So I can do that premarket high or and then this second line instead of clicking there I'm just going to do al alternate H. So al alternate H second line has come out. I do premarket low.
Okay I can change the color by just clicking on it. You will get this tray and then you click on the pencil icon and just select yellow cuz you can see most of my premarket lines are yellow. I click on that select yellow. So premarket high, premarket low is loaded.
Yeah. Now I can set alerts on them. So that way when price touches them, I want the line I want the I want the chart to alert me. I click on it and I click on the bell icon. Can you guys see the bell icon there? Click on the bell icon. So this is in replay mode. Let me exit replay mode.
Uh, exit replay mode. Believe the line is still there. But I can click on it.
Click on the bell icon and then I can just click create or I can put message.
I can say price has reached premarket.
Uh, I can do that. Yeah.
Copy that. Paste that here. Like to do that. So what happens is when price touches that line, I'm going to get that alert that comes in the bottom right.
bottom left here it will say price has reached I can say price has reached Netflix let me just do that again price has reached and what is that nfx premarket high that's the alert okay save it do the same thing for premarket low right and click on the bell icon and post that change that to low yeah mode. So now I have alerts. Can you guys see the clock sign? Can you guys see the clock sign here?
>> Yes.
>> Yes. So what that means is >> as market opens. So assuming market hasn't opened. Yeah. Let's assume market hasn't opened here. Market is like this.
When market opens at 9:30 a.m. Because the first candle broke up here, I will get an alert to say premarket high, Netflix premarket high. It will come up here. When price comes back down to break it, you'll get another alert. When price breaks here, you'll just be getting the alert. That's it. You get the alert all the time. So, that's how you get premarket high. Okay. Now, premarket high, premarket low. This is before market opens on the day. Now, I want to do the other uh three that we used from the previous day, right? Can you guys tell me what that is?
Previous day high, previous day low, then close.
>> Amazing. Good. So, what do we do? What do we do? We put a line. We can either click here and go to horizontal or we can do what is the shortcut.
>> Alternate.
>> Okay, let's do alternate H then. So, this is Thursday. So, assuming let's assume we're not looking Friday. Friday market is this is premarket. I want to do Thursday. We just come anywhere. You can do you can it doesn't it doesn't even have to be there. You can do it here. You can just do alternate H. A new line will come up. Now this is how I I I set my levels for anything that is high.
I use green. So high of day or pre-market high, I use green color. Uh low of day or pre sorry high of day or previous day high, I use green. Low of day or um previous day low, I use red.
And then um previous day close I tend to use like pink. So this line I want to use it for premarket uh for previous day high. I just go to the pen and just change it to green. So it's now green. I can type here. I can type PDH which is abbreviation or I can type previous days high. Okay.
And then I what's previous days high? I can see it here from Netflix, right?
What is previous day high?
8249.
>> Yes, that's the high of of Yes. of the previous day. So, what I need to do is I can either click on the line and then click on the gear icon which is settings.
Click on settings and then >> yes.
>> Sorry.
>> I want to know how you got to um know about previous day high.
>> Look at the bottom right. Look at the bottom right. Look the bottom right of my screen. The days range. Look at the bottom right.
>> Okay. What is that? What is that number there?
>> It's 2.09.
>> Good. So that's the high of the previous day. Okay. I was doing. So this is going to be this is what we're going to be doing on Monday morning. Okay. So on Monday morning, if you wanted to trade Netflix, you're going to be marking Netflix, but you're going to be looking at the high from Friday. the high from Friday. This is it here. 82 what? 82.49.
So if I type 82.49 here. So if I click on the line, click on the gear icon and then in co because I can select style. I mean style is just color, right? Select color. Text is what I want to write.
Previous day high. I've already written it there. Coordinates is what I'm going to put. Previous day high. Okay. Previous day high is what?
82.49.
and I click okay. This line will jump to the top. So this is Friday here. This area is Friday. Look at the date 6th.
Friday 6th because I've put the 82.49.
Can you see where the previous day high line is? Which is the high that spy reached on Friday. Here there previous day high.
>> Yeah. Now I can set alert on it. If I want to keep alerts, say I want to trade uh Netflix on Monday and I want to take calls when price breaks here. I'll just put alerts. Click on it. Click on the uh on the click on the line. Click on the clock icon. Come to message. I can just write I don't know price has reached Netflix previous days high. I don't know if you want to do that. Or you can do price as Netflix uh PDH.
>> Yeah. Right. So when price touch here, I will get alert on my If you have notifications on your phone, when price hits there, it will come up on your phone as mobile as alert. Okay. What's the opposite of previous day high?
>> Previous day low.
>> What do I do? Al I can either go here or I do alternate H.
>> Okay. a new line will come up. Usually, what will happen is any new line you put, it would mirror the color of the previous line that you got. So, obviously, it's still showing green. I'm just going to change mine from green to red. I like red. Just go with red. And I'll just write previous days look. I can do it. I can write here here. Or I can double click. I can click on the line and click on the gear icon here.
And then just go to text and write previous days low.
Okay, it will show. It's showing there.
If I'm writing it's showing there. So I delete it. It's showing previous day is low.
Okay.
And then I can go to coordinate. What's previous? What's the low on Friday for Netflix?
>> 80.
>> Good. So 865 is what? Yep. 80. I can type 80.65.
If I click okay, boom. Can you see this is the low. So this is the trading day, right? So here is 9:30 to 430, which is the black background, right? This is how price went boom boom boom went up to the top at premarket previous. That's the high and then it came down. It didn't go back up until market closed. This is where market closed. Okay. But this is the low he had. So pre the high on Friday, yesterday, previous day 82.49. 49 boom previous day low 82 uh 80 80.65 set my alert okay this alert I can click on the gear icon or I can just simply double click on the line it will open this thing to put the the time and then to put alert I just click on the on the time icon and just say um price has reached previously low. Okay, copy. I can put it here if I want or I can leave it there and do create. Now I have a clock on there now. Now, so we have previous day high, we have previous day low, and then we have what's the last one?
Previous day high, previous day low.
What's the >> previous day close?
>> Thank you very much. Alternate H.
Personally, I like to use orange as the close.
Okay, I can double click on the line, click on text and write previous close. And then what's the previous day close?
What's the last?
>> 2022.
>> Yeah, third. See, that's the line. That's the last bar.
This bar has 4:00. Boom. That's where it ended. previous day close this ticker 82.2. So these three any data from the previous date never changes. Doesn't matter where you check. Let's go to Yahoo.
Type Netflix. What is the ticker for Netflix? NF. What? L >> LX.
>> Good. That's the ticket. Good. We come to Yahoo Finance. We go to historical data.
Okay. What was Friday's dates?
Six.
>> Good. What's the high for What is the high? What does it say here?
>> It's 249.
>> Good. What does it say here?
>> 249.
>> Same thing.
>> Good. Low. What is the low?
>> 80.
>> 865.
>> What is the low here?
>> 865.
>> Good. And then what is the close price?
The closing price of this.
See what is it here?
>> Same thing.
>> Yes. So any data from yesterday cannot be it doesn't matter where you're looking at it doesn't change. The only thing that can change is on the day but it it's because of a number of factors.
So number one some platforms like Netflix they they might report data one minute later. They might one minute behind because you have to pay for this. This data is not free.
Okay. So, what some of these free platforms do, they show you price 15 minutes behind. If you go to your Apple iPhone uh and then type Netflix, so if you type NFlx, right, it will show you the price there.
But if market was open, right, it will say to you, uh price may be delayed by up to 15 minutes because Apple doesn't want to give you free free data. I just gave 50 minutes. So that's the only thing. But any data from the previous day, it doesn't change. If I if we go to investing.com uh investing.com, right, and then we type NLX, which is Netflix, and then we go to where is it?
Uh is it data? They've moved it.
It's not chart general. Yeah, there we go. Historical data.
Netflix yesterday. This is yesterday.
High 8249.
8249.
Low 8065.
Low 865.
Close 8220.
Close 82. If I go everything so all the you can get your data from anywhere. You get it from Trading View, Yahoo, Investing.com. You can get it from Google. You can get it from normal Google. You can just say Netflix stock uh price says yesterday or you can just say Netflix open. No Netflix high.
Oh my god. High low and close prices.
You get it there simp will be here. It will tell you high 8248, low 8065, close 8220.
The data is everywhere. There's no specific place. But I like trading view because I can do things like this. Okay, you can pass. So we have let's set the alerts. Okay, that's it.
So now this is yesterday. So on on Monday from 4:00 a.m. this brown area will start to load here. Boom boom boom until it's 9:30. What we then do is when it's loaded, we're going to look at the areas that was pre-market high and pre-market low and update it. We don't need to change previous day high, previous day low, and previous day close. The only thing we need to change is premarket high and premarket low because it's going to be Monday, right? pre-market and then once it's once it's now running, we now trade our strategy. So remember I said that we personally I trade two strategies. They're different strategies. You guys are going to hear a lot of stuff like if you go on the market, if you go to YouTube, right?
You're going to see a lot of things. You can see um you will hear ITC trading strategy, right? This is one of the ones people tra they like to do that. You will hear uh Fibonacci fibonacci trading strategy, right? You'll hear double top, right? Double top trading strate This is tons of strategy. I I this is I don't care. I'm not doing that. I trade two strategies.
Okay, two I only trade two strategies.
What are those strategies? Number one is break out or break down. So now I have my levels. Yeah. If I want to take a trade, I am watching for price to break any of these five key levels or the two additional ones we tend to use which is on the day of the market high of day and low of day. So we have overall we have seven key levels. You're going to understand it when you join the community. We have seven key levels.
Three of them as from the is from the previous day which is high, low and close. Two is before market opens, pre-market high, premarket low and then the other two is when market is going up. So for example on Friday we traded a breakout strategy for high of day. Do you guys remember for the guys that traded? Do you remember the high of day trade?
>> Yes.
>> We were watching. Yeah. Because price in the morning went up, broke it, then came down. So we set our level and say, "Okay, we're not going to take calls until price comes and breaks it." And then we did that. So that's how I only trade that. Then the second trade I trade is trend line. So this is what trend line looks like. I go to the higher time frame to look at what price is doing. Okay. So look at Netflix.
Netflix has been selling off since I don't even know. Look at this. Look at Netflix.
Yeah. If you go to the day the 4 hour if you go to the daily time frame. Look at Netflix. Since Netflix came came reached the high of like 13412, it's been selling off. Boom, boom, boom, boom, boom. All the way down. Okay. So, what I would typically do, I would just draw a trend line. So, I come here. I don't take trend line. I take ray.
I'll pick a trend line. Something that makes sense. This doesn't make sense because this doesn't touch that. This is quite far. I'll pick a trend line. I'll say to myself, I can see the price is dropping like this. Okay. So, let me draw a line that mirrors this trend like this. Either this one and then I'll draw a second one there that just again this is something you're going to understand much later. This trend line. So, this trend line is just mirroring the trend is is above the trend coming down. Okay.
So, what am I watching for? I am watching for price right to reverse.
I am watching for price for whenever price decides to rever so price has been coming down coming down coming down.
When price reverses it breaks above this line I'll take calls because I know price go is is is trending. We traded this on on Friday but most people didn't I think most people I mentioned it a couple of times but I don't think people understood it. So trend line strategy is one of the best strategies because price has changed direction. Okay at the moment Netflix is just selling off. So if I wanted to invest in Netflix I wanted to buy Netflix stocks or options I'm not going to buy because it's just selling off. I'm waiting for price to reverse. If Netflix continues down, I'm not buying. I'll wait. Okay. Until Netflix. Now, you notice that the first trend that I drew, he only he only is longer. It didn't come this way. It touched that way. Then the second one I took was from here to come down. The strategies will be a different class. We can have that in the community. But I want to just give you a a like topline focus. So, right now, if I wanted to take uh call options on Netflix, I'm just going to set alert here and just say uh price uh price is breaking uh trend line. Okay, I'll just say uh Netflix price is breaking red line.
on Monday if enough volume comes and breaks it back up. I'll come and look.
So price is going up. Now this trend line is from the daily time frame. Yeah.
If I go to 4 hours, I'll see still see it there. Can you see 4 hours is there?
You can see price is starting to turn.
Looks like prices wants to go up. Can you guys see price is starting to reverse?
Yeah. But I'm not going to take a trade.
If I wanted to trade Netflix, I'll wait for price to break above here and I'll say, "Okay, I'll take I'll take calls and then it starts to go. If it gets once it touches this line, I'll sell.
I'll set my calls. That's how I trade.
This is trend line strategy. Okay, this is a trend line. But this is like long-term.
The other one I the but the main trade that I take is the key level breakout.
So Monday comes let's say Monday comes and then price breaks price does this. So where's the anyway doesn't matter. So Monday comes price comes comes comes then start to go up I'll be watching I'll say to myself okay if price breaks above previous day close then I could take calls towards previous day high uh which is what we did on Friday. Okay. So this is key level breakout. But if price opened, so let's say Monday comes premarket price goes boom boom boom and then opens above here. Opens at the top. So price comes comes comes comes opens here and the market opens here. But then price starts to come back down.
Starts coming back down. and I'll be watching and say I'll wait for price to break previous day close and then I'll take puts because I trade trend line. So I trade breakout or breakdown strategy or I trade trend line breakout strategy.
Those are the two strategies I trade either key level breakout or breakdown or trend line breakout breakdown.
Someone has a question go on. Uh Tamil lad was the first to ask them to raise hands before EIO. All right, go on Tamil Lady.
>> Um I have two questions. The first one was around is around um how you decide um how to place the top of the trend line.
>> Um there's no perfect way. This is something that comes with experience, right? I know that was going to that was going to be the first question. Okay, there's no perfect way to train you. But eventually your eyes will train to be a trend. Okay, let me tell you how I did this one. I'm going to tell you guys how I did this one. Okay, so notice what Netflix was doing. Let me just give you an idea. Again, this going to sound alien to you, but I want you to notice what I what I saw on Netflix to put that line there. Okay.
>> Okay.
>> I saw what do you know like Okay. annotates.
Why does annotate always hide? Okay, this is what I saw on Netflix. So, I see Netflix obviously had all this magnificent run, right? All the way to the top. This is last year, right?
April, May, when they had the writer strike, Netflix was making money.
Netflix hit this all-time high, which is around 13412. Then it started to come down.
Yeah. Then it came down and then it went back up and it came down. This this what this is doing is consolidating. There's no clear direction. Do you see the difference between this direction here and this one and this up and down noise?
>> Yeah.
>> Yeah. So, what I did was in my eye, my mind's eye, I had a mental line drawn here. The the place where this up and down is happening. Yeah. And then this is the last this is the last green candle area before we had a clear direction to the downside and then up and then down and then up and then down and then down down. So I put that line there. First line. Okay. The second thing I saw is that obviously I can see that the line is not touching the latest range. So if I delete this line, the first line I drew was here. You only had it came here, touched that. But see this space here, right? There's a space there.
>> Mhm.
>> Yeah. So I just drew the next the next high there where uh price touched my first trend line. I just drew a second sorry I just drew a second line there.
Second line there that way. This one touched all of these places. This one can this one is touching all of these bouncy area.
>> Okay.
>> So I know this is a this is a stronger trend line. So this trend line is going to be the one I watch. This is going to be a low probability breakout, right?
This one low probability. This will be high probability. So I can take a quick scalp when price breaks here towards there or I can wait for price to come because I know if price breaks this then we know it's a proper clear direction to the upside.
>> Yeah. And then what I can do is I can just put a line here. Why am I putting a line here? Because it's going to be my price target. Because this is the place where we had, you can see we had a clear direction to the downside here. No choppy choppy just went then when you got here had a little bit of choppy and start to come down then choppy. So I can use there as my final price target or I can use this second this other place here. This one here as my price target.
This is something you're going to learn later. I don't want anyone to be inundated by this. I can put lines here because these are the areas that price was being choppy, right? using the dois I can do that. So if I bought like 10 Netflix once we broke here once it touch this first line I'll sell two or I sell five we we get here I sell one get here I sell one again. Yeah yeah yeah so we can do that right but this is something we learn later in the community. Okay in terms of having to chat properly but I wanted to give you guys technical analysis. Okay. So now that we finished how to draw our lines, if I go to if I go to spy, you will see these same lines I've just shown you guys. This lines is where is everywhere. Okay. Can you see?
>> Can I ask my question?
>> Yeah, sure. Go on.
>> Okay. So I u in the trend in using the trend line um strate breakout um strategy.
>> So from okay trend line breakout you're saying? Yes.
>> Yes.
>> Okay. Go on. So you you said that uh uh you would uh take call options when um the price uh breaks you know like it's it's rises higher than those trend lines right breaks above that. So why why why why are you not currently considering puts >> since you can clearly see that there is a downward trend? Is it too predictable and therefore profitable?
>> I think it's I think it's a I mean there's a lot of selling that's happened. I mean I don't want to Yeah. I mean if it's been selling since when?
Look, you know it's like it's been selling since when was this? When were we looking at it? So it started falling down since like July you know it's been trending down October November there's a lot of weakness also another thing why another reason why I wouldn't take I won't this is I'm giving you guys some of the thing how my how I'm analyzing it because at the end of the day trading right it depends on what you're seeing in the market okay you train your eyes some people see this and go actually something else is going to happen some people see this and say I'm going to draw a line below here if it breaks down further me this is what I'm seeing so apart from this Another thing I'm thinking about is, do you notice how strong, how really red and thick these lines are here? These ones, these lines here, >> do you notice how they are >> now? Do you see how short and chunky these other lines here? Yeah. Do you see the difference? This is thick and this is like just choppy choppy down like time. Do you see the You see the both differences?
>> Yeah. What does that >> optimism?
>> That tells me that there's weakness. So the selling is dying down.
>> Yeah, >> it's dying down. Yeah. So I think given this it it just looks like the selling pressure. Yeah. It's coming to an end.
>> So it might it might start to go back up.
>> Okay.
>> Yeah. So there's a message in all this data because if we're still having like super strong so you know like this look at how strong this is. Look at let's look at the cause when it was going up.
Look at how strong it was as well.
Yeah. Look at how strong very strong green candles, right? Green candle and then look at how it started to become choppy here, a little bit choppy here.
We had one push and then another push.
If I was in the trade, I was seeing this start to come out. I Okay, at some point we're coming we're coming into weakness now. The the the trend is starting to slow down. Okay, so and in no time eventually started to come down. you know this is stronger. So if you look at it you'll see in most places there's a message in everything. This is I traded SMCI in the past, right? This is choppy here. Look at how strong this was. Then see how choppy it started to become as it was coming down. The lines were a bit Look at that. Look at that. Look at that. Now, do you see what's happening?
Starting to go back up. Right? So, if I wanted to take SMCI, what I'll do is I'll just draw a line around here and say this is the last area where price came tried to break out and came back down. If price breaks above here then you know sorry if I price breaks around here calls >> price calls okay >> yeah towards this area where price touched a bunch of times right all the things so trading is is just it's about it's trading is probabilities okay is not certainty tomorrow we might wake up and then we hear like US government is about to find SMCI price just continue to tank Okay. But currently given this current structure now I think SMCI is about to go up. Maybe let's do this. Let's set alerts. Okay. So let's write something here then. Right. Uh SMCI key level breakout.
Okay. Should we do that? And then we can watch. We can all watch in the community if it breaks out. I'm going to change that color to white instead of yellow.
Turn it to white so we can see.
Okay. And then second one, let's put alerts. So on a daily level breakout, if price breaks that line, it's going to give us an alert.
And then what we'll do is we'll say SMC, let's say SMC key level. Uh let's say SMC key level no SMC >> key level true breakout >> key best profits target. Okay let's say that let's see if we can get it'll take a while though because that's 35 to 40 so that's five points move maybe over two days or something. Let's do that.
Okay let's see if we're right based on market structure. Okay that's it. So if we get a breakout of SMCI, then we know that buyers are now stepped in. Okay?
Because the look at see how strong this selloff is. Strong red candles. Boom.
Boom. Then it got here. It started to be choppy. Final push down and then it was just so that's what I look at. I look at all these things. Airbnb is the same thing. We can see Airbnb is just selling off now. Strong candles. It's coming down.
Disney is consolidating. It had a strong push to the upside. is now choppy. I think if it comes and breaks this level here, right, we might see sell off to the downside. Okay. Um, this is one of the one of the stocks that I trade a lot. Eli Liy can see it had a strong push. Now it's just consolidating. We might have another push or it comes back down. So, I won't trade this in this area, right? Because it's so choppy.
>> How do you decide what stocks to trade?
>> I don't I don't trade too much. I only I watch these to see market sentiment, but if you ask anybody in the community, I only trade SPY, IWM, QQQ, and gold. Occasionally, I will trade other stocks like if I see clear, if there's a high probability, but it's important to only trade one stock so that way you understand, you can learn it. Okay.
>> Yeah.
>> The guys were in the when we were in the call on Friday, everyone was asking me, "How do you know it's going to go this?"
That's because I've been watching Spy for years. If I if I show you, let me show you guys. Right. So, I've already deleted those lines. But before, if I scroll down to spy, you can see lines from years ago. I have lines.
I've been trading spy for like ages.
I've when spy, this is spy 690. I used to think I have a key level for 671.
I've been trading spy non-stop. I used to I trade if you go to XPX, you see old lines that I used to trade.
Let me see if it shows. Okay, I've deleted those. If you see on futures, obviously I used to trade futures as well. I have all this. I've been trading for years to understand price movement.
I used to trade future when it was 6500, 6,900. Have key levels there. So, it's super important to understand what you're trading because you don't want to trade, you don't want to extend yourself too much because there's going to be too much going on in the market. I mean once you get experience you would know when you look at a stock it's okay this is about to do something let me take a quick scalp right but then before you before you like for example like I'm looking at this if this was trading hours I can see that meta is about to break out because it's now it's been consolidating at the top it's been hitting here hitting here hitting here so it might it might break back up right to try to reclaim here but you only get that in the market so this is what it is so I wanted to get this information to you guys. Okay, we got some questions to take then we'll go to the final part of our session then we can stop. Right. So I'll start with Sisa.
Sisa, do you have a question?
Okay, Sisa is gone.
>> Yes, I do.
>> Okay.
>> Yes, I do. Yeah, I want to ask I I I I went to watch some videos online >> and I don't know how to place a trade because I was seeing um several options to maybe um stop market buy limit order and all that. So I don't know what exactly to do when placing a trade and also I I think I man I managed to place one trade. It was in profit but I didn't get how to take profit and it went back to the red zone. So I want you to >> Yeah. So for trading and the platform you're using to take a trade I'll chim is going to take that session. Chilima you still on the call?
I don't know if you said on the call because the reason I say that is because for uh taking trades um the platform you use is super important. So because you guys are using trade zero I don't have trade zero I trade on IBKR when you want to take the so in the community we have a bunch of um videos or comments around helping you take and close trades. I'm going to ask admin to share one with you because we have one.
>> Okay.
>> I think I can help with that. Yes, Yinka. Thank you so much.
>> So, not now though, but >> yes, in the community. Yes. So, what I would do, what I would say, Yinka, please, if you can do a video for us to share in the community, people can use that.
>> That way they can understand. It's straightforward.
>> The problem is how to go about recording that really. I was just thinking of maybe connect with that, share my screen and just show her exactly how I >> exactly when when you share when you share your screen forward and it's very complicated. Eventually I got it.
>> Yeah, it's Yeah, because it's so essentially you just the the what you need to know is when you take a trade when you buy you can close, you can sell. It's just you just need to look at it. Okay, so will help you. So please connect with her. All right, I think did you have a question?
>> Sorry Hannah who's who's asking now?
>> Hello Charles.
>> Is that Joy?
>> Just Yeah. Yeah, Joy. Just a very um short question and I'm sorry I'm taking everybody back. I still have some videos I have to catch up with. So, um I know I know buy, I know sell, but what is calls? You keep saying take a call. Take a call. What is >> Who wants to Who wants to help Joy out, please? Cuz I think I I talked about that earlier, but who wants to help Joy out with calls and who wants to help her? Because this is the way we're going to learn.
>> Go on. Someone help. Go on.
>> Okay, Zurum. Go ahead, please. Okay. So when you take calls, when you take calls, you are predicting that the price will go up. So you take calls, the price will go up. Then when you take puts, you're predicting that.
>> Thank you very much. That's it. So did you hear that Joy?
I heard only calls when you take calls.
>> What's the Yeah. What's the opposite of price going going up?
>> Coming down, crashing.
>> There you go. There you go. That's it.
>> So, >> so calls is you is you saying predicting the price of the of what you're buying will go up. Puts is saying the price will come down. That's it. And >> so, who are you get taking the calls from? Is it from buyers or sellers?
Sorry. Okay.
>> You're gonna you're gonna Okay. So, you're going to finish the video, right?
This is that's why it's super important.
So, you finish the video. But I think you get that once you now you have the fundamental understanding, you can watch the video.
>> The video will cover any question. It's better to watch the video. Keep asking.
Yeah. If we keep answering one by one, you're going to have Yeah. Thank you very much.
>> No worries. Because is you saying this thing I'm buying, this thing I'm buy, I'm promising to buy, I'm buying. I think the price is going to go up. Puts is this thing I'm buying, I think the price is going to come down. That's it, right? It doesn't matter. So, if you want to know who you're buying from, that's another different conversation.
But that's how that's what it is. You say the price is going to go up or the price is going to come down. If you think the price is going to go up, you buy calls. If you think it's going to come down, you buy puts. Okay, that's how it works. So, call C A L S. Puts P U Ts. Yeah. So, that would help. Okay.
Yinka, you got a question?
>> Yes. I just mine.
>> No, hold on. We need to go Yinka first cuz she's been in the queue for a while.
Then you can come to yours. Okay.
>> I think Anna was before me if you can.
>> Okay then. All right. Go on, Hannah. All right. Sorry. Apologies. Go on.
>> Okay. Thank you, Charles. My question is on the after hours. We've looked at the trading. We've looked at the pre-market.
I've not had anything about after hours.
>> We We can't trade. We don't doesn't We don't trade. Not we don't use anything for after.
>> Okay. We don't watch it too.
>> Nah, we don't. We don't. It doesn't matter because market is closed. the most >> people some people do I does it doesn't make a difference honestly doesn't make it doesn't I haven't seen it play a key role >> in market structure in my view in my strategy how I trade >> right >> okay thank you >> I was going to show you guys something can you guys this this trend line this is a five minute trend line I drew on futures can you guys see once price broke high of day it went up it touched it and then it just came back down this is why this is why I like to trade trend line or I trade breakouts. But this previous high of day, everyone knows this. Everyone, everyone knew that when we were trading this on Friday. So talk about it. This is why I want to talk about before we stop because I'm keeping an eye out. I want to be done with 20 minutes because it's 11:00 in Nigeria. I don't want to keep it's coming up to 11:00 and I want to keep you up. Okay.
So, uh, Yinka, go on next.
>> It's just a request. Um I what I'm requesting is for you to support us more with IWM just like you post. I have been doing and I'm doing well. I have been trading IWM but I don't think you give enough support with regards to going in.
Not exactly when to go in what to look out for eye of day. You don't do that a lot.
>> I'm sorry. I'll do that.
>> I have been trading that because I think it's more cheaper.
>> It's cheaper. Yes. of us that have um you know very small accounts. So >> did you did you make some money in it last did you make some money on Friday?
>> Yeah, I have been doing well as a matter of fact.
>> Okay, are you going to take our next class? Thank you very I will do. Okay, I promise I will do this was the setup for Friday for uh for um for IWM. This was actually here before it was here. Yeah, because this is the first high of day.
So when market opened you guys can see this is the premarket high. So this is the setup for IWM on Friday. It looks very similar to SPY right? So when market opened price just went up. So the bottom of that first candle was premarket low and then boom boom boom this was premarket high then market opened. When once market open it just flew up. It flew up. So I didn't even have the time to look. So when I looked it was already coming back down. So I set the high of day. Can you guys see H O? This is high of day. So if I do this, maybe this will help you guys understand uh record or replay start new. So market closed the previous day here.
No, market closed here.
And I'll come back to you in a minute.
Let's say boom. So market market closed. This is Thursday, right?
This is after hours. Someone was Anna was asking about after hours. I don't care about after hours. I don't do anything. Maybe people that trade futures will care. I don't really touch it because it doesn't really come into the strategy. Anyway, market closed. So, when we get to, let me fast forward it 7 8 9. Okay. So market closed and then we got on to the six. This is the end of day on Thursday. Boom. Then Friday premarket open big candle. Bottom of that first candle is pre-market low.
This is in the morning market was just shooting up and up and I was like oh my god this looked like it's going to be a co a good day for calls. So it was going up. This is pre-market. It touched here premarket high. You'll see I like playing that's mine. So this is before market opened. So this is previous day high. See previous day high was here. Previous day low was here.
This area here. Previous day low was here. Previous day close was here. And then premarket you can see how price is flying up. Okay. Let me just show you guys.
We did touch that was the high before market opened.
Can you guys see? This is how price was moving that day on Friday. But we're getting ready, right? And then I updated when we had premarket high.
So this is the high. Can you guys see?
This is the high that market touched. It didn't and then market opened.
when it opened, it just flew up and then set a high of day and then price was coming down. So, I sat here and then I said to everyone, we're going to be watching because IWM was just mirroring uh uh SPY. They were moving the same, right? So, when we broke down in spy, we were watching for price to come and break high of day before we take calls and then it broke. It touched it first think and then came down then it broke and we took calls and it was just going this is calls that we took here people were selling and taking profits every time we get a pull back to take profits I think that's what yinka traded as well so this is how it moved on Friday okay so we're watching the key levels okay so this is why I say so what we were doing is watching key levels if you look if you go back to what I was saying to you guys on Friday in the group I I was telling you guys that we were watching you know what did we watch? Let me just scroll in the community.
What was the first trade idea I shared?
Do you guys remember >> IWM?
>> No, not IWM. F uh spy. But I think it was the same thing. I think I was saying in the group in spy that um calls would be above high of day which was 68704 here. Let me go back here. Let me end replay. Uh, leave. Okay, I'm going to play replay here for Friday because IWMA it was it was moving exactly as spy.
Okay, so I want to play spy for everybody here. So you guys can understand what we were doing when we were when we were trying to when I was sharing those stuff on there. So here market opens.
Okay, we drew our line high of day.
Yeah, sorry. Uh, pre-market low, which is the bottom of that candle.
And then obviously we had our previous day high.
Previous day high was there. Previous day low was uh was here. Previous day close was there. That's already been drawn the previous day. This is the new day. Okay. So, we're watching the market. If you note, if you go and check, I had 673.66 66 and 682.81 as the high and low of day. Look, this is the candle there. Premarket low was there and then premarket high was there.
So, I put both at the bottom and the top. Okay, so that was already set there was there on that line. This was there on the top. That's where that's those are the two places that price were before going into open. Okay, we had previous we had premarket high really close to previous day high. So in the call I was telling everyone that because they were so close instead of watching pre-market high as the breakout to take calls we should watch high of uh previous day high because that is a higher probability because it's above it. Okay. So high probability trades are typically trades the last key level is what we're watching to break. So I want to play this for you guys so you can see how market went. Uh coming into 9:00 um see uh coming into 9:00 at 9:30 market opened literally high just exploded just like spy just like IWM look same thing okay market 9:00 a.m. market shot up. So I think on the calls some people took calls right uh but I was saying to them I like to wait until later in the day to take my calls to until towards 10:00 because remember on Friday we had consumer sentiment data coming out. So I thought okay let me wait until 10 so we can get clear direction. But I think the market was moving so fast. If you look at this look at open it was high. If we go to IWM, same thing. Open where market open on Friday here.
I hide here. Same thing. Market open 9:30.
Boom. It went up as well. It's the same thing. So this was this is IWM. Sorry, let me just hide this high indicators.
See once market when market open it just shut up as well. Just like spy when market open on spy it just shut up because that's why that's why I didn't spend more time on IWM junk because it was mirroring but I promise for you I will try to share more IW because it's cheaper in terms of contracts.
>> Yes.
>> Yeah.
>> Thank you.
>> Yeah. So price broke out. This is how we traded. So people took calls here when we had the push back. Yeah. Can you guys see when price hit there and came back down? If you remember, if you were in that call, this was now our high of day.
So this line, this >> new high of day, >> yeah, this high was here at the time.
Okay, that's where it was here originally. So what I said to the community was if you go back, I said to them in the first post that I made at what time was this? 15:30, which would have been 16:30 in Nigeria. If you go there, you will see why I say price watching price currently in range calls above high of day. So at the time, this is was the high of day 686.51.
Can you guys see the post I made in the community?
>> Yes, I think so.
>> Yeah. So because price had gone up and came back down, I was saying to everyone if price comes back and clear here then we can take calls because at the time these candles were not showing. Let me hide them just so you know what it looked like this at the time. Okay, none of this was there.
None of this was there. These were subsequent high of days that we hit eventually. But this is how it was at the time. Even this candle wasn't there, right? This was here.
So if you go to that picture, if you go to the community and go and see this is what I was sharing. Can you guys see?
Go to go to that if you go to the when on Friday when I shared in that group it was looking like actually let me let me fast forward it a bit so you can see exactly how it was looking. It was looking like this.
It was looking like this. Go to the community. You will see the price was holding this trend line which is the pink line. We had high of day at the top. Can you see this picture?
>> Yes.
>> Yes. It looked exactly like this, right?
This is how it was. This is what I posted. I said calls above 686.51.
Okay. That's why I said watch what price did.
So price came tried to break above it but came back down. Okay. When it came back down, I posted the second comments.
I said spy updated calls idea. I had moved I had moved the call. I said price has set a new high of day which was 68704.
This one this one. So what happened was I moved this line to the top and then I added here previous high of day. That's why you had that. That's why we had those lines there.
I think we had that line there. Let me see. Sorry.
No, not that one.
I think it was this one. Yes. So, we had this one there. And then high of day was uh 687. What does it say? 68704.
>> Sorry, Charles. Um I'm not sure what happened. I can't mute myself. I can't chatting. I don't know. It's just showing me. I don't know if you've clicked something on your side.
>> No, no, we can still hear you.
>> Yeah, but I can't chat. Can't respond to chat. It's showing like pencil. I've not clicked on anything. I said I I spoke >> from your end.
>> Yeah, >> I don't want to draw write anything and draw anything on.
>> No, don't worry. Don't worry. It's fine.
We can click we can claim it. Don't worry.
>> Okay.
>> So, I when price touched created a six.
So this is the first high of day we had right which was 686.51 but you can see price came cleared it but it didn't clear fully came back down but it set a new high of day. So I went into the community and I said new high of day is 68704 right it was there at the tick there so that was the new place we were watching when price breaks then we can take calls.
Okay. So, if you go in that community, you're going to see if you go in the this is before Sarah posted the TGM turning one. This was there 687.
Previous high of day is now low probability, which is this one. Okay?
Because sellers are sitting in that area. I would like to see price openly above current high of day before I consider calls. Okay? So, see what price did came back down and then broke that one. Came back down again. We were struggling to get clarity. Okay, it was just doing that all day, but then we broke and then we continued upstairs and then it was just going up and down, up and down. So, if you notice, every time price touches there and came back down, I drew a line on high of day. That's why you have all these high of day lines. Okay, that's why you have all this high of there line cuz you can see price came up, touched there, came back down, came clear it, touched there, came back down, touched there cuz so our high of day kept moving, kept moving, right? Until we got to the last high of day, which I did, which was the uh I think it's 69230 something like that. It was around there. So when we broke >> please. So when should you have taken the when should we have taken the call?
>> When when price >> when price broke 607 687.04 >> the very first. Okay. All right.
>> Second one. This is the one I was watching. This one.
>> Okay. Okay. Perfect.
>> Came back down. So if you That's I'm trying to I'm trying to do this as well as show you guys what I was posting in the community. Are you looking at the the my post in the community on Friday in Yeah. So you can see at601 which is 1701 Nigerian time I updated the calls >> when I was saying this is the new this is the new high. So this was the first high price came touched there came back down right then came back up again >> and then touched there and then came back down and I because it didn't clear it didn't clear this high of day properly. So I wasn't confident yet. So we need to take care of day when price has fully cleared it. So this candle this candle that was sitting above it that's what we took. So I said to everyone there's a new change we can't use 68651 anymore because price came and came down. We have a new high of day which is 68704.
So if you go there let me let me forward it so everybody can see. I'll forward it as the latest message now so everyone can see.
Uh 3 months. So if you go now you will see this is the message I sent on Friday.
If you read that message and look at these lines you will understand what it is. The first message was that we're watching high of day which was this 686 because price came up and came down. But then if you notice price came it didn't really break ahead. It just touched it and came back down. So I changed the high of day to this new one which is the top of the candle 68704.
So you can see spy updated calls trade idea price has set a new high of day.
Therefore our call entry has changed.
Can you see the message in the chat?
>> Yes. Thank you.
>> Exactly. So 687.04 now became our key level to watch for um entry. The previous high of day, which was 68651, is a low probability area. If you break it, you take it. It's not that strong. But notice how we broke here, held it. We didn't really lose the line.
We just continued. And then in the call, I was telling everyone when we got here, I'm like, take some profit. Make sure you're taking profits. You know, we had a rally all day. You know, price went up, came down, went back up in the community. Our main our main target watch for Friday was 690. Do you guys remember 690?
But you don't have to wait for price to get to 690. Every time price breaks, you're in profit. You just take profit.
You close your trade. You don't have to wait. I was saying in the group that 690 was our main level. If price broke 690 on the day, then we had a really strong day. I think price did eventually.
Okay. Manage Brooks um it did stay here for a while though. Stayed here for a while. this is lunchtime, you know, 2:00 and all that stuff. Then eventually he claimed he claimed 690, right? I even put it in the >> But why was 690 a key level? What was the driver for choosing it as a key level?
>> Previously in the past 690 has been an area where SPY had tested a lot from my Okay. Yeah. It's nothing. It's not like overly significant. It's just for for me 690 was a key level because if you look in the past this 690 area this line let me change it to a different color so you can see I'll change it to purple and I'll make it large you can see 690 um in January price touched it go touch touch it's been like a key level for me for like as long as I can remember 690 is a key level for me on spy because it's an area where price always tend to react or respond. So I had it in my mind. I said if we click 690 then I think we're back into decent territory and we did. So this is how we traded on Friday. For those of you that are asking for recording, this is what happened.
We you take profit by just close it by selling your just close. You you sell it. You select either market price or limit price and then you click sell.
This is something that Yinka is going to share with you guys so you can know how to close your sales. Okay, I'm going to pause. Uh Hannah, ask your question.
It's the last question of the day.
>> Okay, my question is on I of B. How do we come about high of day?
>> That's where price anywhere any anytime price hits a significant point and comes back down that place is high of day.
>> Okay. So there can be high of day for different days because the last chart is you showed I saw the previous day eye of day and some something like that. There was something previous.
>> No, no. Let's stop. Let's stop. Let's reverse.
The previous day is the highest point that price reached on that day. On the previous day, we're not doing different high of days. Previous day. I only left this all of this. I'm going to delete it on Monday. I don't need them anymore.
Okay? I was only using them to illustrate the trade from from Friday.
They're all gone. It don't doesn't matter. What's going to matter for me Monday morning is I'm going to come I'm going to click on this I'm going to put previous day high 692 692 31 okay which is the highest point that price reached on Friday here this is the top previous day low the lowest point 680 what 85 and then what price close 69 90.62.
That's it. That's all that matters. And then when when when Monday morning comes, 4:00 a.m. New York time or 9:00 London time, I'll wait for premarket to load. The brown background when it loads, then I can uh mark my premarket low and premarket high. That's it. And then on the day when I'm trading on the day when the market is going live if I was going to take a trade I mark the levels based on how the market is performing. This is why we can't record the market. This question is another reason that demonstrates why we can't record it because on the day in that live video we were watching to see how what price is doing and which area we can watch as a key level to take either calls or puts. That's why we were marking high of day of that day. Once the day is over, we don't really need it anymore. We'll just focus on the key breakout strategies that we trade and that's it really. So that's how we work.
Again, I don't want to convolute the quest this session because I know that is a lot to share. When we when you when we have our community sessions, when you join have a community sessions, you would you would now understand how to get this done, how to trade. One more thing I need to mention to you guys before you go, okay? um for you to set this background. So you can have brown, navy, navy blue and and black. You need to go to settings. So you see the top right there when you have your trading view. This background doesn't come as standard. This is the normal background you're going to see. You're going to see a background like this. They're all black.
Okay. For you to set the background that can show you uh pre-market, main market time and after hours, you need to go to settings. So this call has been recorded so you can review it again. You need to go to settings. Click on settings.
You need to select symbol which is at the top there.
Then you need to come to session.
In session you need to select extended trading hours. Look what happens when I select excellent trading hours. Look at the background. This is regular trading hours. Click on that. Click select extended trading hours. Click on okay.
Then you have that time. If you want to change it to Nigerian time, you can. You come to here. You can time zone. Can type Lagos. I think they have Lagos. No.
Plus one. Okay. They don't have Legos.
They have Amsterdam, which is the same time as in L. Oh, look at Legos. There can type Lagos.
So what happen is this once you select Lagos market will show the hours that your local hours. So for example current time in Lagos is 2303 but personally I like to trade leave it as the normal New York time which is 5:00 now. So you can do that so you can have the time. All right. I think that's the session but I'm going to take a couple more questions before we're done because it's 11 o'clock in Nigeria. People need to sleep because I think people might want to for the people that go to church might want to go to church tomorrow.
>> All right. One more question.
>> Okay. I don't know if I I do off.
>> Yeah, you did. Yeah, you did. Cuz we're calling you.
>> Yeah, you did.
>> See why I can't record this call?
Everyone sleeps on the call. Imagine listening to this call now. All right.
Go on.
>> Okay. So, I wanted to know when is the best time for us to take a call and or take a take a put.
>> There's no best time. As I said before, there's no best time. It's based on what the market is telling you. You are you were trading on Friday, right? How how long did we have to wait for us to get a good call opportunity? Because price went up, came down, went up, right? We had to wait to get a clear move in the market for us to get in. So there's no there's no there's no ideal. This is why I was saying with trading, right? We can't really there's no predictable time, right? We might be we might be in the chat saying, "Okay, it might be cool." And then Trump comes and say, you know what, all of Europe 20 50% tariff market just tanks. This you can't predict it. This is why it's kind of hard. So that's why we that's why I was saying to you guys, if you want to trade, you would need to put time in the market. You need to come and see and say okay you know what let me watch the t and stuff.
Can Nigerians sorry does that help clarify? Uh chima.
>> Yes. Yes. Thank you.
>> I think somebody else had had their hands raised up before chair maka.
Somebody else had their hands raised up.
I don't remember but okay go on chak.
I'm asking I want to ask can we do paper trading on trading view or only on >> you you actually I think you can you know you have to let me see if I remember how to use this it's been a while I think I need to click hold on double click no uh how to remember what kind of I need to raise it up uh you can Okay, hold on. Let me go a different place.
You should be able to uh you can trade paper. I need to check it. Let's see.
YouTube.
Uh how to paper trade.
>> Can you click on the trade? Click on that trade. It will show where you have trade at the top.
>> Oh yeah. Yeah. Hold on. Uh someone someone just told us where we had trade.
You can paper trade. Yes. How to uh videos, proper videos, not that. How?
Yeah, paper trading tutorial. Easy set up. Someone says click on where trade here. Yes, you can connect. So, paper trading is here.
>> This is what I use. You can trade paper trading with if you click on that then you connect blah blah blah. You can trade option. I think you can trade options. I use interactive brokers. I have to connect. I don't like to trade.
I mean, I can trade on trading. I want to start I want to start trading on trading view with interactive brokers because interactive brokers is not available when I come to Nigeria and I don't trade there because then I have to use VPN and VPN is all like cuts me off and all that stuff so yeah I think you can so thank you it used to be below before right used to be below here that's why I was clicking it used to be here when you click it will go up but I think they've moved it to the top so that's fine okay good all right the last set of questions what platform can you use if you're trading outside n outside Nigeria. Depends on where you are.
Depends on where you are. You can use uh IBKR, you can use Weebull, you can use Robin Hood. Okay. There's a bunch of place platforms. Depends on where you are. All right. Uh what's was Okay, one couple more questions. Famous. I think you haven't asked before. All right. Go on. What question?
>> Oh, okay. Hi everyone.
>> Hi.
>> Yeah. Okay. The first question. Um, can we use trading trade view in Nigeria?
>> Yeah, if we're following. Yes, you can.
Yeah, trading view load. It's a website, right? Tradingview.com, right?
Tradingview.com. It will load in Nigeria.
>> U every Nigerian that have seen Trading Forex, they use Trading View.
>> Oh, okay.
>> Let's go.
>> Okay. Now that we know that we can do paper trading on Trading View, that means that um we can actually just stick with Trading View instead of using this other one. um >> Nigerian do you >> sorry sorry sorry sorry sorry sorry sorry sorry sorry sorry sorry sorry sorry sorry sorry sorry sorry sorry sorry sorry sorry go on sorry apologies go on famous I'm listening >> okay yeah I said that um now that we know that we can do paper trading on trade view um would you advise that we just stick with that instead of like maybe switching between trade view and trade zone the other one we were asked to use >> I don't think I don't think you can trade I don't know if you can trade options on trading view I don't know I know you trade I don't know.
>> Okay. So this paper trading we discovered on trade view is what is it different from options?
>> I don't know. So if you connect because I haven't tra Okay. So let's see connect or whatever. Let's see.
Doesn't show options.
It just shows buy or sell. Can you see?
It just shows buy sell.
>> Okay.
>> I mean let me see. Let me see options.
Let's see if I can just I'll just try.
Let's see. Ask.
Okay, you can. Yeah, you can. Look, you can buy.
>> Oh, great.
>> So, when you connect, you come to the bottom here, bottom bottom right, click on options, type spy.
Uh, let's say spy calls expiring Friday the 13th. Calls 550. Click on ask. Look, you can feel it. Uh 550.
You're buying one of them. Maybe you're buying 10.
>> So, how do I feel how do we fill this um these options here?
>> I'm showing you >> I'm just doing spy expiry date 13th call. You click on ask because that's where you buy don't bill is offering price. Ask you click at the money price 550 number of units you can buy one or you can buy two can buy three contracts you can set take profit as well so this is limit you can say you're buying at 550 if price reaches 650 sell if price goes below 5 sell this is stop loss this is take profit okay and then you say time doing this may lead to unexpected trade results whatever it just clicked I think when the market is live you wouldn't have this information or whatever it just see >> and it shows so you can you can paper trade on here you guys >> all right thank you >> please I have a second um question quick one >> please and do you have like an advice or suggestions for people that um probably okay work full-time I work. I don't do a 9 to5 but I have a business that is demanding like I'm into manufacturing um printing even though I have few persons working with me but then I still need to be like involved in the business. So now that um like you've talked about time how you need to really dedicate time and all of that. I want to ask um what advice would you give like for one to succeed in paper trading? Is it okay like okay if I say because that's what I think of um I'm planning to do that.
Okay, maybe I just take two days away from the store and then or is it like taking a particular maybe like um two um okay like I want to take some days off or some hours off but then now the thing is you don't even know the exact time to um is it take a call because um yeah and all of that so can you really so >> I'll tell you what people do in the community in our trading community okay >> nearly everybody works. Nearly everyone works. Okay. What they do what they do is >> they have their phone with them.
>> This you see what I've been posting in the in your comm in your in your community like take call. Yeah. Yeah. I do this. That's what we do in our group.
>> So they come they take their phone they keep they say okay >> uh when it reaches this price I can take trade. So they set alerts once they receive go or when they receive take this trade they take because I share when I'm in a trade I always say I'm in this trade and people come true.
>> Okay. Okay. Okay. Thank you so much.
That was >> listen we've done three hours 7 to 10.
>> Good question.
>> We got to wrap. Who's who's talking?
>> Me. He skipped me over.
>> Oh I'm sorry. All right. Go on then.
You're the last person because of >> All right. Go on. So you'd mentioned earlier that we always have to try to make sure that our delta is higher than the TA and I wanted to know if you get a contract initially and it didn't go through that day. If it stays maybe 3 days with you and of course the TA is reducing but then on the fourth day it actually you actually get to take your profit. Does the rise when the profit rises?
Uh no tether works on the bas on the days how far you are from the expiry date. Tether the closer sorry let me answer again. The closer you get to your expiry date the higher your tether. So for example look at the tether in this for contracts that are going to expire on the 9th which is Monday.
Tether is $46.
Delta is 46. So it's power for power.
But look at contracts that going to expire, let's say 6th of March.
Tether is $23. Delta is 51. The further away you are from your expiry date, the lower your Tether. As you start to get closer, it will start to increase because obviously it's coming to an it's nearing your expiry date. So, it's always a good idea. That's why I always like to take contracts that are far away expiry date so I have time to make the profit so that that way it's not catching up. That's just how I trade.
That's my strategy.
Thank you.
>> You're welcome. All right. Listen, I hope you guys have enjoyed this session.
Okay, I think this is the last session.
Um, we hold sessions like this in the main community, right? So, I two things I'm going to leave you guys with. One, trading can really change your life. It is a high is a specific way of making money. Okay?
If it was easy and straightforward, everyone's going to do it. Okay, the truth is it's not easy.
What you can do is you can learn how to trade and apply either aspects of trading or all of trading knowledge elsewhere in your business. You are going I'm telling you guys this because you're going to you're going to feel yourself transform if you decide to be a trader. There are certain skills that you would force yourself to acquire. So, for example, you're going to be more patient. You're going to be more understanding. You're going to focus on things that matter.
You're going to stay away from a lot of the noise that you hear. You're going to look forward to Mondays a lot. Okay?
You're going to also feel disappointment when you don't do well. But that's a message to yourself. It's let telling you that actually, you know what, you need to step up. There's a demand in yourself for you to be better. Okay?
When you become a better trader and become profitable, the goal for for trading, it's not necessarily about the money. You want to be able to demonstrate the skills. The money is the reward. And money is also the punishment. If you make bad choices, you lose the money. If you make good choice, you make the money. Okay? Everybody says trading is hard. Of course, it is. If you look at Forex, okay, um, every day I know people say, "Oh, you know what?
Trading is terrible." But if trading is terrible or if trading is a bad idea and it's gambling, how come we're having a $7.5 trillion trade transactions every day globally?
Okay, 7.5 trillion is the volume of forex traded every day. Banks trade.
Okay, the thing is though, it's because it's your money on the line. That's where the risk is. So to avoid that, we have to focus on you developing the skills better first. That's why paper trading is super important. You should not be going into trading without paper trading. You trade paper. You journal the things you're doing. You need to write down what you're doing because you can't remember everything. So you have to write. No trader has been profitable without journaling. You got to journal your trades.
Today I took calls at this price at this price. I felt this way. This is what I read. I did well or I made losses. I'm going to improve on this side. I'm That's the only way you learn. Even when you are I mean makeup, right? Makeup.
Women like to do makeup. You have to try. You have to you have to learn do it every day. Every day every day until you become really good. When you become really good, you start adding new like layers. Oh, I want to do my lashes like this or whatever. It's the same thing.
That's the thing with everything in life. You cannot learn from just winging it. If you want to be a trader, a profitable trader, it's going to ask a little bit more from you. It's going to ask your time, your focus, your commitment. Consistency is super key.
You are, and this is very important. You cannot be you cannot switch consistency off and on in life. it will not happen.
If you're inconsistent outside life, you are not going to be consistent in in trading. So, you need to find something outside outside trading that that requires you to be consistent for you to get a reward. Now, it's not a surprise that most of the traders you guys know, if you go online and watch those traders, they also post their videos about going to the gym and exercising because there's very few things outside in in you know offline that you can that requires consistency to give you result.
Exercising is one of them. Going to the gym. So if you can be consistent in going to the gym every day, yeah, you can take that consistency and put in trading. You can't switch it off and on.
If you're not consistent outside outside life, you're not going to be consistent in trading. I'm just going to tell you up front. Just forget it. Another point is everybody's journey is different. You see, we've come to this class now. So people were asking, "Oh, please, what is calls and what is put?" That's okay.
That's okay to ask that question because everybody's learning pace rate is not the same. Every we all have different paces of learning. Some people have become good traders in 3 months or 6 months which is very rare. Some have become good better traders, profitable traders in one year. Some has taken three years, some five years, some eight years. That's how it is in life. When you start to trade, you're going to discover more about yourself. you're going to understand about what you know where where the urge is you know like I was seeing most people were struggling they were saying I need to close my computer and get and leave yes you're learning about yourself that is very hard for you to have control so you need all of these skill sets this this learning technical analysis p market structure price action yeah they're good but 90% of trading is psychological so you need to develop a trader psychology.
And there are four areas you need to develop. You need to become consistent.
You need to become honest about yourself. You need to be honest about yourself to say, "Okay, why did I take this trade? This is I know what to do. Why should I take this trade? I don't have to take it. Oh, I I messed up here. I should do better." You got to be honest about yourself. You got to be consistent. You got to be honest about yourself. You need to you need to respect money, but money cannot be the goal. Okay?
Freedom is the goal. time the ability to do what you want to say actually you know what I don't want to be waking up every morning I want to be able to take some time to spend time with my my child or take time spend time with my partner or be able to plan to say you know I or me and my family maybe we should take a trip to I don't know Zanziba or Morocco or whatever that freedom is what you're chasing the money will come okay the money would come it's freedom okay it has to be beyond money the Fourth thing that you need to learn is you need a community. You cannot do this alone in the stock market. There's a reason why the trading floor. If you look online, if you go on CNN or Bloomberg or whatever, they've got a they got a floor trading floor. It's open. There's no wall. If you not go on, if you go on YouTube, let's just do it now. See um if we go here and see uh New York Stock Exchange, right? This is the floor of the New York I don't know.
Let's find where to show you. It's just open.
This is this is how it used to look like before people trade. This is how this is the stock. This is the floor. This is how it used to look like. Obviously, it's updated now. It's more modern, but that's that's how it looks like. the stock market is just open because you need communities, people around you, everybody stand, that's how they trade.
That's Tim Cook, you know, you need that community. Okay? So the time that we put to share information, okay, within the group is super important. So we need to respect that time and utilize it. It's not fair for us to put content online on in the group and then nobody watches it.
No one does anything and then we come and then we ask. You're not going to grow. You need to take time out. Even if you just need to plug it and be doing other and then be looking on your screen and doing cooking or walking, you would take all this information in. If you then look back a year from now, you'll see how far you've got. Okay?
Trading will change your life. I am not joking. Trading can change your life. It done the same thing for me. I took a year off. What? When I resigned from Amazon, I didn't work for a year.
Okay. I I I did the same as as I was doing before. There was no difference. I mean, this is not to say that I was broke. But what I had enough confidence that anything I did, I could buffer myself moving forward. They are far better traders than me. They're multimillionaires. The Masi Masuda N.
Okay. I started trading with her.
Masuda, right? uh Nia started trading with her. She clocks. She does like 27 28 grand a day, right? Her game's changed, right? She's a she's a super impressive. She's moved. She used to live in uh she's moved from Dallas. She now lives in the um I think she moved to California or something, right? She's a good trader. This is she's a good options trader. This is somebody that you should follow. She's also on Instagram. You can follow her. Second passing to follow.
This is the queen of trend line trading.
Do you guys see something similar here?
Do you see these lines? Can you guys see the lines?
You know these lines? Can see them in my screen?
>> Yeah.
>> Yes. So Tori uh you know Tori is she's really really good. She's on um Victoria Duke is her name. She's on Instagram as well. You follow her. Okay. Then the third person I'll say you guys can follow is humble trader. She trades stocks not options. Okay. She trade she she trades stock. Sheay is her name.
Okay. Really good trader. Super honest trader. Okay. Top three people I think you should you should follow. Shay. So humble trader.
Victoria. Okay. Tory trades. Victoria Duke.
Okay. and Masuda. No. Okay. Massi trades.
Why you say no? Mas Masuda.
Okay. Massi. Three people. I don't want you guys to follow. Go say, "Oh, I'm going to follow all these guys or people that are showing Lamborghini. I want you to follow people that are honest. Look at that. There's a day she lost three grand. She posted there. The day she makes she makes whatever, she posts it.
Okay? She's super honest about her trades. She's calm. she doesn't show off. She's not on the streets driving Lamborghini because I think that's not where you need to be. You need to be follow someone that is closer to your experience so they're super honest about what they're doing. Okay. Now, I hope you guys have enjoyed this. If you want to I do this every Friday and then every other Sunday we do market preps. So, we come online, look at the markets and say, "Okay, market looked like this on Saturday. What should we be expecting in the coming week?"
Okay. We can see clearly market is recovering. So on the daily time frame we have a dogee but on the 4our time frame you know we can see market is recovering right if we break here we can retest all-time high we analyze it we look at certain stocks people ask me to look at stocks people have stocks in their portfolio they will say Charles please look that's why I have all this I don't trade them they say oh Charles look at UPS for me or look at you know regen cell or even Nigerians in the group they say look at transcop stores I can look I look at Bitcoin I look at forex you know we can analyze we look at Naira some people have Naira dollar they're looking to exchange we do all of this in the community every other weekend every other weekend we analyze the market look at what we're going into so it's a full community nobody has succeeded without trading okay I need to stop five minutes uh Zurum you have a question then we close >> yes please can we trade Nigerian um Nigerian market too.
>> Yeah, you can you can buy Nigerian stocks and shares. Yeah. Yeah. I mean >> like on options >> I don't think I don't think options are available in Nigeria. I don't think options are there. I don't know.
>> I don't think I don't think so.
>> I see. Yeah. So if I copy this. So look at that. It doesn't come up. Stocks options. No, not symbols. Okay. Doesn't happen. Right. Last question. Zoom.
>> Okay. Hi Charles please. My question is um how when do we apply stop limit is it while buying the options or after?
>> It depends on the platform you go. I think if you some platform allow you to apply when you're buying some some allow you to apply when you're already in the trade. So it depends on the platform you're using. I think when we're looking at this guys when you if you guys want to use this to trade I think here it allows you to apply here you can apply stop limit which is stop loss here so you buy at 211 if price reaches 185 close it if so you can do it here right I think you can do that >> okay so you can look at the option the options thing in the platform you're using I do think though that it's a good idea to use trade zero for now because what happens is once you become a good once you become good and want to trade options you can't trade options on trading view I don't think it's available in Nigeria actually hold on I was going to say something I don't think it's I think it's this is what I was looking at before because you can do this you can log out from paper trading let me see I don't think they have trade zero here oh they do so you can connect trade zero you can connect trade zero to here I think you need to click so go here and say go to YouTube. How to connect trade zero to trading view?
I don't know. Tra zero paper trading or something.
Anyone that can figure this figure this out, let us know in the community or whatever if it works. But this is how to set up paper. This is how to set up a trading on trade zero. I know everyone has been trying to do this. This is how you do it.
Let me post it in the chat. You can you can uh how just set up paper trading on trade zero.
I'll post it here so everyone has it because I think this is one of the main questions everyone was asking all the time. I'm also going to post it in the three months coaching here.
Okay, there you go. Thank you. Thank you, Ronnie, for posting that in there.
So, yes. Anyway, I hope you guys have had a fantastic week evening hanging out with me. Really appreciate it. I think I missed dinner to hang out with you guys.
I haven't had dinner, so it's 10 o'clock. I can't because I'm in the gym tomorrow. But thank you so much for hanging out. I hope you had fun. Share with family and friends. I do hold one-to-one sessions, but I I think it's I think that's not the stage you should be paying for now. I think everyone should focus on getting to a community, learning the fundamentals. You might The thing is, right, this trading once you get this skill, you can apply it anywhere. You can apply it trading uh forex. Look, it's the same thing. Just mark your key levels. If I want if I wanted to trade US, Japanese, yen, you know, I'll just I'll just mark my key levels now. Just say, okay, look, I'll just do that. If price if price reverses and breaks above, I'll take it. Same thing as well. It looks choppy that going to the downside. So, I can watch it in the 5 minutes or 15 minutes and say if price reverses up and breaks this line, I'm taking I'm taking what do they call it? Pips. I think they call them pips on like uh forex. I don't trade forex anyway, but they call them pips or something you can take.
I only trade options which is and futures, but I think options is what I should learn better. Anyway, thank you so much guys for hanging out with me.
Super cool to spend time with you guys.
H enjoy the evening and I'll see you guys on Monday. Okay, >> thank you so much.
>> Have a good one. I
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