This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:20:20
The video features discussions by traders JC Perez and Kimmy Sokoloff on their trading strategies and routines. JC focuses on longer-term trades, while Kimmy trades on a shorter time frame. Key points include observing market trends, analyzing financial stocks, utilizing leveraged ETFs, and trading VIX products. They emphasize the importance of proper usage of triple-leverage ETFs for day and swing trading. Kimmy mentions trading through TD Ameritrade and reflects on her morning routine, while the speaker discusses their experiences on Wall Street and the importance of resilience in trading. Overall, the video provides insights into different trading strategies, market monitoring techniques, and personal growth in the trading field.
00:00:00
In this segment of the video, JC Perez and Kimmy Sokoloff discuss their different trading strategies and time horizons. JC focuses on longer-term trades, looking at weeks to months, while Kimmy trades on a shorter time frame, focusing on hours and days. Kimmy explains that sometimes she trades through TD Ameritrade and gives an example of a recent trade with Moderna that she sold for a profit in the morning. She reflects on possibly taking profits too quickly at times but emphasizes the unpredictability of markets. Kimmy mentions that she trades in the after-hours and pre-market sessions as well.
00:03:00
In this part of the video, the speaker discusses their morning routine for trading in the market. They start by observing the indices and futures, adjust positions if necessary due to overbought conditions, and provide insights on market trends for the day. The speaker mentions having a watchlist consisting of 50-100 names, including major stocks like Amazon, Google, and Netflix, as well as sectors like semiconductors and oil. They also express a preference for price analysis over indicators.
00:06:00
In this segment of the video, the speaker discusses how they analyze financial stocks by examining 50 to 100 different names, looking for stocks that are performing well or have potential. They set alerts to keep track of stocks throughout the day and focus on aggressive tech stocks like Tesla, Google, and Amazon during market lows. The speaker mentions a trading strategy where they hold 80% long positions and 20% short positions, utilizing leveraged ETFs like SDS and SQQQ for hedging during market dips. They also discuss trading the VIX as a short vehicle for equities and the triple reverse cue SQC as a trading tool.
00:09:00
In this segment of the video, the speaker discusses trading strategies involving triple-leverage ETFs and VIX products for day trading and swing trading, emphasizing that they are not meant for long-term holding. They highlight the importance of using these products properly for intraday and swing trading. The speaker mentions putting on around five trades a week during volatile times with triple-leveraged ETFs, emphasizing the focus on capturing profits rather than trying to time the market perfectly. They also stress the idea of getting smaller when in doubt to manage risk effectively.
00:12:00
In this part of the video, the speaker mentions having several positions in the market and is monitoring them based on market movements. They indicate that the current market is down but relatively stable. The conversation then shifts to the number of trades the speaker typically makes in a week, which could range from five to thirty, with a focus on range-bound trading strategies, buying oversold conditions and selling into overbought conditions. The speaker reflects on decision-making during market uncertainty and suggests that different traders may have varying approaches based on individual circumstances.
00:15:00
In this segment of the video, the speaker discusses trading strategies after market hours. They emphasize not using market orders but rather limit orders, especially for super liquid names like Amazon or Tesla. The speaker explains their method of placing limit orders above current prices and not rushing for market orders to secure better deals. The speaker recounts their growth in trading toughness, attributing it to their experience on Wall Street, where they initially started as a trader’s assistant. Their friend noted how working on Wall Street toughened them up, shaping them into a mentally strong and gutsy trader over the years.
00:18:00
In this segment of the video, the speaker recounts a tough job interview where they were warned about the harsh work environment. The employer made it clear that crying, cursing, or taking long breaks were not tolerated. The speaker advises people to toughen up and not be overly sensitive to criticism or offensive remarks. They emphasize the importance of resilience and moving forward regardless of setbacks. The speaker concludes by expressing enthusiasm for discussing more about stocks in future interactions.