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Day Trading Tip | How I Use the SPY as a Day Trader to Make Me Money - YouTube
Channel: ClayTrader
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let's talk about how I use ticker symbol
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s py as a day trader and hope I can
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offer you up a little kind of tips and
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tricks to not necessarily make
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everything a guaranteed trade because
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that doesn't exist but just to make life
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a little easier as a trader and to help
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give you a little reference point and a
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little edge that can allow you to you
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know just stay in trades longer stay in
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trades without freaking out I mean if
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for anything like I was when I was first
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getting started in a beginner day trader
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I would freak out pretty easily and I
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would get scared out of trades and then
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things would go on my favour and it was
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a very frustrating experience I mean if
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you can relate to any of that you're not
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alone all traders have been there and I
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don't quite know if that ever goes away
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but like I said I want to show you how
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to use s py to assist with this now
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couple things before I go any further
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first off I'm gonna spend some time to
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talk more talking in theory but then I'm
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also gonna show you exactly what I'm
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talking about
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with an actual trade from my personal
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trade and results that way you know that
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you know what I'm talking about here
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it's just not my well I think this is
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how it's supposed to work now you're
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gonna see exactly how things can play
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out also as a reference point this is
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I've talked about this before in other
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videos but I wanted to put a little spin
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on it here with kind of another analogy
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but if you're curious about you know how
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this works in another video then I'll
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put a link down below and in that
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analogy I use kind of wind as an example
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but in this I want to go another route
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because like I realized we all kind of
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have different visuals so maybe this
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visual will help work better for you or
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just maybe drive home the fact so again
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what we care about what is very helpful
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is a ticker symbol SP y if you're not
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familiar with that that's just an ETF
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that basically says what's the market
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doing right that encapsulates everything
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so without getting too far down in the
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weeds just understand that SP Y is an
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ETF and it's an ETF that's just judging
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the entire S&P 500 which again is just
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the markets right so if you're gonna go
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and want to tell your friends how the
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markets did today you could us use SP Y
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as that reference point so the way SP Y
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works is within two branches right you
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have of a trade
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you could go long or you could go short
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now for those of you that are brand new
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just getting started going short me
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it doesn't mean well you only hold for
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like two minutes it means that you make
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money when prices go down super bizarre
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concept mind-blowing the first time you
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hear it but yes believe it or not in the
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world of trading you can make money when
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prices go down and that's what shorting
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represents so now how does the SPI work
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in the sense of going long well that way
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I like envision it is this we have a
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nice little balloon the balloon here
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being s py and what is a 10 I'm gonna
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try not to nerd out here with my physics
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but before share is what I would have
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balloons do if you let go of a balloon
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what happens to it and then your kids
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start crying because they lost our
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balloon it's a disaster it's alright
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so the pointer beam the force of a
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balloon is upward joint it floats higher
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and the way you can envision this is
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down here attached to the bottom part of
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that balloon you have some sort of
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ticker
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that could be Apple that could be Tesla
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that could be Boeing that could be
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Facebook it could be coca-cola but some
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sort of company out there I want you to
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envision it as a ticker and one of the
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general markets are rising when the
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pressure of the markets when the force
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of the market whatever sort of
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terminology you want to use is going up
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like a balloon just to understand that
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that's gonna help pull up everything
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including tickers now it's not
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guaranteed to happen so I should have
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prized note of this I'm not saying this
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is a guaranteed strategy Blake said just
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little things to help give you peace of
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mind to help give you little edges but
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if the market as a whole are floating up
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like a balloon then you know what it's
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going to help provide whatever ticker
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you're trading some additional support
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to the upside now let's talk about the
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other side of things to the downside so
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in this situation I want you to focus
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this as the good old ball-and-chain
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right so what is the ball SBY and if you
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have a ball and chain what is that doing
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to you well from a forest perspective
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and let's look like this let's say you
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have a ball and chain around your ankle
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in water and you're trying to swim what
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pressure is that exerting on you well
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that is definitely a pressure that is
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forcing you down that is pressuring you
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down any sort of variation of
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terminology my dear poor pushing down so
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same concept here not over here you have
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some sort of ticker symbol and this is
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the scenario that you're gonna see here
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in just a second that really takes place
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so what I'm gonna do here is actually a
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sign not just threw out some random
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thing but actually telling you that this
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was ticker symbol be a Boeing so what
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you're gonna see in just a second is me
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taking a trade and to use terminology
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going short on Boeing again if you're
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new that means that I think Boeing's
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price is gonna go down I want to see
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Boeing's price go down because that
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means as a short I'm making money so
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that's the premise of the trade going in
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and that is what I believe is going to
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happen and you're gonna see that things
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you not want to spoil it but things
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don't quite go as smoothly as possible
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but to not necessarily Pat myself in the
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back but the one thing I did do right is
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I understood the concept that your
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Boeing wasn't necessarily behaving in
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the way that I wanted it to behave but I
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knew that there is no ball and chain of
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svy attached to its ankle and trying to
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drag it down try it and drag it down
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Boeing sitting there trying to swim
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trying to swim and it was doing a good
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job for a while of swimming but
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eventually like I said it's a little
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spoiler alert the ball and chain was
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just too much so let's get it let's get
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out of the chalkboard out of the world
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of theory and let me show you exactly
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what I mean
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what I'm gonna do here is get short at
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195 oh nine cuz I think this thing there
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we go you might want to pull back some
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so I got a little bit of a move in my
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favorite well now I want to get this
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thing a little bit of room to wiggle
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around
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so I'm not the greatest candle that
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currently formed but like I said you got
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to give these things a little bit uh a
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little bit of wiggle room here so let's
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see if it wants to get back below 195
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well it was a pretty quick turnaround
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but not looking so good right now if it
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does come back down to 195 I will be
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potentially looking to add to the
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position because that would imply this
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bounce here was just a pretty much a
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failed bounce which is good so watching
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195 like I said again potentially
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looking to add so added 50 shares more
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so now I have 150 average of 195 11 so
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let's see if this thing can work its way
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back down below the 195 mark mm-hmm
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excuse me
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well this goes up over 196 75 I'm gonna
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have to take the loss error because now
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all of a sudden it is bouncing so this
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one very well might might it might have
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fooled me here
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but perhaps not
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what's the nice candle there that's
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forming wow so much so that I might look
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to add another a lot men down if it
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looks so like it wants to finally break
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down through 195 that's a very nice
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candle I'm not out of the woods yet
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still work that needs to be done but
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some interesting action here taking
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place for sure like I said if it looks
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like it wants to roll back down there
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through 195 would probably be interested
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and adding again to the position so I
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did just add now I have 300 chairs so
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let's see if this thing can finally get
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down through 195 a lot of weakness here
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if it goes through 195 it shouldn't move
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pretty big
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I'm not feeling very good about it
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though because right now the markets are
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moving down and here Boeing is just kind
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of chopping sideways so at this point
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not feeling very hopeful and markets are
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pulling back nice and then here Boeing
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is just being stubborn and going
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sideways
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can you get down through 195 when we're
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at 190 foot now we were and it held very
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very strong I mean if it fails now yeah
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this is not good
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markets are pulling back and Boeing is
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basically going sideways here so now if
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the markets bounce at all this is not
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going to turn out well so I am not
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feeling very good about this trade right
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now Yelp markets are at Lowe's and here
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Boeing is just going sideways
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come on bowling you're supposed to be
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following the market here well
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and yet now the markets are bouncing
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here a little bit and up goes Boeing so
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I'm fully planning on taking a loss here
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now what a shame what a shame
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well teasing me like it wants to go back
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down but at this point I just don't
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believe it
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the markets are just I mean like I said
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moving to lows and bowling is just
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simply going sideways so all it takes is
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for like I said just a little bit of a
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bounce in the markets
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sorry Boeing I don't believe you
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I want to believe you but and I want to
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be wrong here I want to be wrong hey I
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am wrong let's see if we didn't last
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very long but let's give it another try
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so broke down through there but then
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that fast bounced right back up
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can it actually get more there we go
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alright alright well I'll go with 100
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chairs now put my stop at 195 oh one so
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alright well it's gonna be a winning
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trade not just a question of how big of
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a winning trade is it actually gonna be
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so now I'm just moving my stop-loss down
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and this is a good spot to be in where
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you just have no idea how big a stop or
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how big a win is gonna be because again
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I have no idea how far down this is
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going to go and that's a great spot to
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be in if this breaks down below 194 I'll
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adjust my stop again but not until then
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so can we get a break down below 194
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so all out therefore $143 trade took
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some patience took some persistence but
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you can see right here bowing the market
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was just too much the markets was like
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an anchor just so notice the markets
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were pulling back as I was saying and
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then I was you know common abilities the
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markets are pulling back and Boeing is
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just sitting here sitting here going
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sideways but the markets kept going down
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and like any anchor no matter how strong
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an individual stock actually is
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eventually it's just not gonna be able
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to keep up anymore it's gonna run out of
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energy it's kind of like if you envision
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a swimmer and they have a ball and chain
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tied to their leg yeah they can tread
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water for a little bit they can tread
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water for a little bit but eventually if
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that ball and chain keeps getting
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heavier and heavier or in other words if
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the markets keep on dropping further and
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further
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eventually that swimmer is just they're
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not gonna be able to take it anymore and
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they're gonna get dragged down - pretty
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crazy huh I mean it was it was a
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frustrating experience Boeing was just
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going sideways sideways sideways I mean
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it was really trying to fight off fight
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off fight off and swim and swim going
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sideways but eventually the ball and
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chain with that downwards force caught
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up to it and you saw that boy just
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cannot tread that water any longer and
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from that point and finally went down
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which allowed me to make a nice little
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gain on it but had I not been keeping
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the tent there you know keeping my focus
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on spy had I not even realized about
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this principle I could have I mean you
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heard me multiple times saying oh this
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is not good oh this is not good I mean I
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was pretty much wrong I thought I was
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gonna get stopped out but the reason why
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you and a good question being with clay
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if you thought you were gonna get
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stopped out why wouldn't you just have
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gotten out at that point because of this
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because the spy was going down it was
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just a matter of time before that ball
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and chain finally overcame you know the
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strength that bond was showing so that's
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why I didn't get help and that's why you
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don't want to get too freaked out just
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because something's maybe not operating
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exactly as it should I mean it's not
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like bone was exploding upwards in that
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situation yeah you got to get out it
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just simply wasn't dropping as soon as I
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thought it would but it's you know was
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still just treading water with the ball
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and chain ultimately won out and I was
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able to make some money
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so hopefully this little tip can help
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you out but I would highly recommend you
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get the SP why
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you know I would say use the five-minute
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time frame on it so 5 min sby very
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helpful indicator very helpful a little
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kind of side thing you can have to just
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make trading you know not guaranteed
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success but to give yourself that little
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edge and to help you out so if you
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enjoyed this video and just videos like
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this easy way to queue minute
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communicate that to me it's just please
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hit that like button down below that way
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my I know that I'm using my time
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properly with these sorts of videos also
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comments questions suggestions leave
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those down below if you've ever watched
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any of my past videos then you know that
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I do read and will will reply to
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comments so all those down below but
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also check out the channel has a whole
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lots of other videos if you enjoy that
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little wide trade video section that you
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saw there's an entire playlist of live
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trade videos so you can see I want to
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say there's like over 400 of them at
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this point but yeah go check out that
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and then hopefully decide hit that red
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subscribe button I'd love to have you
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subscribe to the channel yeah get out
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there
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consider using spui and understand that
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the Sui does exert these forces on
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whatever ticker symbol you may be
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trading first off thanks so much for
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watching the entire video real quick
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before you go I want to invite you to a
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live webinar web class training workshop
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online event whatever you want to call
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it but it will be me live revealing to
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you what I discovered that has allowed
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me to transform myself from being an
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employee to being my own boss
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including how I had only one losing day
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out of 73 days in total I'm going to
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cover three keys that have helped me
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unlock profitable consistency within the
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markets the first key is super-weird but
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in a productive type of way the second
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key is super awesome because it quite
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literally is wired into our DNA as
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humans making it very easy to use but in
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a cruel way this becomes a pitfall for
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many traders I'll explain it all though
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including how to avoid the pitfall that
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it creates for some and yeah the third
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key when you hear it sounds way to get
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way too good to be true but it's not and
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I'll show you how it all works then at
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the end I open it up for a
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question-and-answer session that is
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again totally live even if you can't
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make the live session please still sign
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up as it will be recorded and you can go
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back and watch the replay then I will
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send you click the image on the screen
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or click the link down in the
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description box so you can get the date
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and
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and claim your spot which I should know
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is limited due to the fact that this
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truly is a live event if you have any
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questions let me know if not I'll be
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seeing you soon
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