5 Reasons flow trading is better for people with day jobs
If you have a day job, you still have a lot of options to trade options. Get it? Ok NM that was chessy.
Ever since people started to work from home, people realized that you can also start day trading. Tons of people are realizing they can make a good amount trading stocks and options. There was no one person I knew that did not trade stocks during 2020. I know a lot of people who made money and some who made a lot and lost it.
Disclaimer : I do not advocate day trading while you’re working at your day job. In most businesses they don’t want you using company time to scalp a few TSLAs lol. However if for some reason you keep going to the restroom every 30 mins because you chugged water and coffee. 😎 …..I’m sure you can’t help but bring your phone too.
1) Blackboxstocks phone alerts. While you’re working and you have the app, this will be in the app notification. A screenshot of the flow will pop up on your phone and it will be up to you to read it and if you feel comfortable reading it. This will give you all the information you need from flow. However I do recommend that you take a peak at the chart if anything concerns you.
2) Less technical analysis. I’m for reading the chart and not saying that you shouldn’t but understand what you’re getting into first. The smart money already did the homework for you and all you’re doing is following them. You remove the stress from looking at 100s of charts every night and trying to figure out if you want to play it or not. When you have flow on yourself, this is out of the picture because you wait for the flow.
*SMART MONEY does your options flow homework*
3) No watchlist . Flow comes in whenever it wants. We don’t know when it will come and we don’t know why. However never be alarmed if there is barley any flow for a week. Some weeks are just bad and forcing a trade will ruin your account.
It’s a myth that you always need your money in something to make money.
Sometimes I personally look at my trades and say…hmm I traded 5 times today and only made $5 from all that work. If I stuck with flow I’d actually be up $100. Get the concept right?
However another way you can succeed is if you pre-made a watchlist and when you see the flow come in, you know your thesis confirmed.
4) Blackbox has a very high win rate. Every single flow is always a risk. I do not care if we have the perfect flow and they added $20M. I’m never dumping my entire account. I may add an extra few percentage than my usual size but nothing that will wreck my account.
Here are some examples:
5) More time on swings. Flow is about 90% swing plays that work within a few days or weeks etc. It gives the trader time to look at the trade. The option may have a draw down for days but it won’t have the “F U candles” that happen in a 1 min timeframes. Another great thing is when the flow comes in, traders will be like OMG, I missed out. Most of the time you don’t, a lot of the flow has a drawdown and you may even get a better fill. However for my own personal experience, I wouldn’t get in the trade if I’m pay more than the smart money unless you have a very high conviction.
