If you want to be Successful at Day Trading, you need a proven and consistent Day Trading Strategy.
Day Trading Strategies Can be as simple or as complex as the mastermind who creates them.
We are introducing the very simple Gangsta Day Trading Strategy in this article to help you Take Your Trading to The Next Level.
Table of Contents
Gangsta Option Day Trading Strategy: What is it ?
Genesis of the Gang$ta Day Trading Strategy
I do not quite recall the genesis of this Day Trading option Strategy to be honest.
I grew obsessed with it again recently as the traders in our Discord started asking me about my other strategies.
Even though our AI based Subscription trade Alerts have extremely powerful since inception in late May 2020, traders are always looking for more ways to make money.
What is in the Name ?
Before we delve into the full description of this technique, I must admit that the naming was comical.
As I have teaching Successful Tradings’ Subscribers about it over the last few weeks, I realized it did not have a name.
So the first thing which that came to my mind was the fact this day trading Option Strategy is similar to base stealing in American Baseball.
Relax my friend if American Baseball is foreign to you 🙂
You see in American Baseball, a base runner need to get a head start before the pitcher throws the ball.
Such runner knows that he can get picked up.
An immediate consequence will be the runner being out.
The reward is a stolen free base and a huge increase in the probability of scoring.
It is the word “Stolen base” that my mind translated into Gangster or Gangsta in slang.
How Does it Work ?
In our Strategy, we will be stealing Option contracts before the market Opens.
There is a small Risk of losing our money but a very BIG reward for Awesome Profits.
How big You Ask ?
What id I told you that you can turn $10 into $100 within two or three hours.
Does that sound like the tune of sweet music to your ears ?
That is what I thought.
Keep on reading then.
Gangsta Option Day Trading Strategy: The Methodology
Anytime a stock gap ( up or down) in pre-market, there is a unique opportunity for this Option Day trading Strategy.
A gap is a jump in price between the closing of the previous day and the Open price of the current day.
So during pre-market, you can generate an order to buy calls and Puts for very cheap prices.
Your order WILL NOT get filled in the pre-market (7AM to 929AM EST) because stock Options only trade during regular hours.
We know that ETFs (like SPY, QQQ, IWM and DIA just to name the main ones) do not trade up to 4:15PM EST so you have an Extra 15 minutes for those.
Below is a video depicting the effectiveness of this Option Day Trading Strategy.
Rather, you are banking (pun intended ) that the frantic volatility caused by the Gap (again, the direction of the gap is not important at all) will generate a period of price discovery around the opening.
Usually, the first 15 minutes after the opening session can be very chaotic.
Gangsta Day Trading Objective
You will take advantage of that chaos with your ordered you sent in pre-market.
Your goal is to “STEAL” super cheap options on both directions: CALLS and PUTS.
You will target weekly expiration (because their options are cheaper).
How cheap ?
Typically, no higher than 15-20 cents per contract.
When is the Best Day of the Week to Employ This Technique
|Anatomy of a Gangster Option Setup||A++||A+||A||B|
|$0.02 – $0.05||$0.05 – $0.10||$0.10 – $0.15||More than 15 cents|
|Earnings Gap||News Gap||After A Halt by SEC||Other Scenarios|
Why You Need To Master This Day Trading Strategy ?
This explosive and consistent winning Option Day trading Strategy is easy to setup in pre-market.
It does not require a great deal of initial investment thus making it very advantageous with small and medium Trading accounts.
This not to say that traders with bigger account cannot take advantage of it.
Au contraire, who wouldn’t want a repeatable way to score 10-baggers or more ?
At this stage, you ought to be pinching yourself and wondering whether this is a Scam or a hoax, right ?
We showed you earlier a video proof of the Execution of that trade on Roku stock.
Now, you will see, not one, not two, now three, but FOUR consecutive such setups.
Oh wait, they all happen to take place past week ALONE.
Yes, that is Right, multiple 10-Baggers or more within the same week.
Exhibits for Week of August 3 to August 7 2020
Ideal Entry price Between 9:30 and 9:45 AM EST on August 6, 2020: 10 cents per contracts
Option Traded: BHC Aug 7 2020 20 PUTS – Cost = 10 cents per contract
Exit Prices: Between $1.5 and $1.98 on Friday, August 7, 2020
Profits Range: 1500% to 1900% in Less than 48 hours
#DIS Day Trading Gangsta Strategy Results
Following a Gap due to earnings on August 2020, the below setups were available on both august 6 2020 and August 7 2020.
#Roku (2nd Time) Option Day Trading Gangster Strategy Results
Ideal Entry price Between 9:30 and 9:45 AM EST on August 7, 2020: 29 cents per contracts
Option Traded: ROKU Aug 7 2020 162.5 CALLS – Cost = 29 cents per contract
Exit Prices: Between $3 and $3.3 on Friday, August 7, 2020
Profits Range: 1000% to 1100% in Less than 2 hours
#SQ Day Trading Gangsta Strategy Results
The setup on SQ may have taken 4.5 hours but the Payout of almost 9000% is totally worth the wait.
Ideal Entry price Between 9:45 and 10:00 AM EST on August 7, 2020: 3 cents per contracts
Option Traded: SQ Aug 7 2020 146 PUTS – Cost = 3 cents per contract
Exit Prices: Between $2.6 and $2.68 on Friday, August 7, 2020
Profits Range: 8660% to 8830% in Less than 2 hours
Where Can You Learn To Perfect This Methodology ?
At Successful Tradings, of course.
We specialize in Quantitative Analysis that lead us to High probability trades.
Strategies such as the Gang$ta Option Day Trading Strategy is one example of what we will teach you when you Subscribe to our Services.
So the Only question left for you is:
Are you ready to Take your Trading To the Next Level Today ?
Hold a Master Degree in Electrical engineering from Texas A&M University.
African born – French Raised and US matured who speak 5 languages.
Active Stock Options Trader and Coach since 2014.
Most Swing Trade weekly Options and Specialize in 10-Baggers !
YouTube Channel: https://www.youtube.com/c/SuccessfulTradings
Other Website: https://237answersblog.com/