How To Use CORRELATIONS To Pick Direction In Options Trading (ThinkOrSwim Tutorial)

When it comes to identifying your directional assumption for a particular stock or ETF, one important factor to consider is its correlation to the broader market. This will provide a good estimation as to how the stock will move when, for example, the S&P 500 moves. And as a result, you can use correlations to guide your strategy selection. Sometimes you might find it necessary to make bearish trades (via call credit spreads, put debit spreads, short calls, long puts, short stock, etc.) in order to get bullish on the broader market! So in this video, I will provide a very detailed tutorial on how to leverage the correlation metrics and indicators in ThinkOrSwim in order to help you make smarter trades!

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Chapters:
0:00 Introduction
1:47 Overview Of Correlation
4:25 How To Add Correlations To Your Watchlist
7:32 Example #1 (Negative Correlation)
9:52 Example #2 (Positive Correlation)
11:12 Example #3 (No Correlation)
12:31 How To Add Correlations To Your Charts

#tradinglessons #technicalanalysis #thinkorswim

[scottreesetradinginvesting]

Hope all these concepts made sense! But if not, I'm happy to answer any and all questions! :)

[giantescape]

Great video. Wondering why you stoppeed posting videos

[antonpetrov]

Apreciando a una mujer tan hermosa. 2:8 sentadillas son unos SEXTINDER.Uno muchas y un buen ejercicio. 5:25 Se deja ver que hay muy buenos resultados 😍👍 Saludos desde la Cd.. de world losn mortales abian apreciado tan hermosa mujer

[alberteinstein]

<I totally agree with what you are saying. I started in crypto in August 2017, and I bought in. I was up 5x by December only to watch that disappear quickly and then watch the original investment go down by about 85% during the ensuing 4 year bear market. I took the opportunity to accumulate more over the last 4 years which was hard to do and at the same time a smart thing to do. I wish I had bought more. I am in profit for now but I am planning on using my experience and what i have learnt from Nathan Chui I have learned from you and other Youtubrs especially my mentor Nathan Chui who taught me how to make trade and increase my crypto from 11 to 27btc that no one really knows what is going to happen in the