Transcription
When price moves well, it will fall back into yesterday's previous day high, form as support, and make new highs on the new day.
All right, so watching this today, if we bounce this area and end up holding it as support, I'm trying to go long at 25979 629.12 for QQQs and Q longs.
If we do not, if we start to fail this at the market open with aggressive volume or let's say we close below this before the market opens, I am biased towards shorts or puts at the open. Okay? And I will simply look for either a breakout immediately at the open or a retest of this level to get into puts. All right?
If we open up below. But that's what I'm watching for now. If we open up in the middle of the range, well, I'm watching to see if we can hold this level. I'll watch to see if we hold it. If we start to flush, I start to see some aggressive price action, I'll enter around 941, right? That's where I can take that entry. Um, and um if we if we don't if we just end up bouncing this range and coming back up, I'm going to look to take my entry around 980 or 62912 for longs.
All right, MU. Love the strength on MU here. If you took the bounce, I had to edit it. So, the initial watch list I sent out was all messed up. my fat thumbs on my phone, but the initial watch list I sent out was all messed up. So, disregard that initial watch list, but the edited version that I had to update like 3 minutes after. [clears throat] What I wanted to see was a hold of 411 and then basically a um or a breakout. I believe I believe the breakout was like here at 42035. I think that was the level pre-market high. I was mentioning a breakout for calls. So, either trade would have been wonderful if you took the bounce or the breakout on MU. Uh the contracts returned wonderfully as well.
Um I want to see if we can hold this range again today. I want to see if we can hold this 440 area. And if we can, I would love I would love to go long at 44297. All right. Be the 445 calls. By the way, the contracts that I'll be buying, they are on the watch list at the end of the sentence.
Meta, I like the weakness on Meta. If Meta recovers, I don't really have much. If Meta recovers here, I don't have much. There's a lot of consolidation happening here. I would rather let it break above 713. You guys see that key level right there? 713. I would rather let it break above there before I tried uh any type of long on Meta down here. So, that's something you want to be keeping in mind. But if it fails this level, obviously, it's got a lot of room with that earnings play. It's got a lot of room. So, um I'll be watching for a breakout for puts on Meta.
And then same thing with Microsoft. Microsoft, I love the weakness. We just had that ter the terrible earnings it had which uh obviously was unfortunate but it is what it is. Um but you can see two two days technically back to back are just dropping. So curious to see if it could continue the selling pressure here. I would just simply be watching for a pre-market low break. 421 uh.16 pre-market low break 415 puts. All right.
Um and that's really all I have on watch today. So I'm wondering just trying to make sure why is this not updating my chat room is not updating as you guys are typing in it. All right. Maybe I need to keep it up here. Okay.
Um, Palanteer, are you talking about after they crushed earnings? Is that what you're talking about? It's post earnings play. If you want to play upside on Palanteer, that's on you. Um, post earnings play. It's just a little aggressive. It's just a little bit aggressive. So, um, I haven't traded Palanteer in a minute simply because I didn't like the range in which like how it was falling. Um, it was like sharp drops followed by consolidation. So, it was pretty tough to trade that price action. So that's why I just stayed away from it honestly. I know we were trading Palunteer a lot before, but it's difficult where it's at.
Um if you I mean if you guys are wondering why I switch stocks sometimes, it's simply because I see more opportunity somewhere else. That's why I'll switch. So and I'll avoid certain stocks because of earnings or massive news events coming up. Earnings, I pretty much have to avoid them. like AMD. I would have loved to have traded AMD today, but we got a pass on it because it has earnings. So, um, and if you don't know, you don't have to look at the earnings calendar I post, guys. You can look right here. See, says next earnings report today. So, any stock you click on, it will tell you the next report. Like Nvidia's in 22 days. Uh, Tesla's in 84 days.
Um, a strategy a lot of people like to use for these uh, chips right here for AMD and Nvidia. What you can do is if AMD performs well today, you can start a a starter. I'm not saying I'm doing this. I'm just saying this is what some people do because they're sister companies. If AMD performs well, usually Nvidia performs well also. Um, so if you were wanting to trade AMD without being exposed to these super volatile Greeks, they're going to come trading earnings. You could swing Nvidia calls instead. Um, just something to think about. They're not directly correlated, obviously. They're two different companies, but I have seen a trend many times where if Nvidia has good earnings and gaps up overnight, Nvidia does as well.
Uh, when I trade options, I trade zero DTE. Yes. All right. I make sure I'm recording over here. I need to um and also with yesterday being such a large day, you also should be coming from the perspective of you are not I don't know how to word this properly. You are not trying to make a gajillion dollars today. All right? That's not what you're trying to do today. You have to be approaching from the perspective of, hey, look, I'm here to trade. Um you're just going to follow your risk appropriately. You're not, you should not be expecting a day like yesterday today. If we get it, cool. It'll be with a small position size, okay? Don't go crazy today.
Let me get my broker all loaded up here. Make sure your broker's unlocked. Microsoft Meta 700. 700 puts. MU 445 calls. Let's get QQQ here. 630 calls 627 puts. All right. It's looking weak at the open here. So, I'm going to have my shorts ready. Um, got to have Microsoft up here. Microsoft puts, Meta puts, and QQQNQ puts. KQ puts guys, NQ shorts, KQ puts.
Phil is at 25,923. I'm taking my first trim here. 25923 is the entry. If you're not in it, just wait. If you're not in it, just wait. That was really quick. It was basically that pre-market low break on QQQNQ right here. Um, same thing with Microsoft. It's moving real real fast on Microsoft. Don't chase this contracts. They're not gone crazy.$127 up here to A165. But I've taken one trim on Microsoft as well. All right, let me go ahead and draw these out for everybody. Those charts are massive. Stop loss is 15% 15 points, but it's irrelevant. You have your stop loss at entry. Okay, so you get stopped out at entry or you got a 15% stop loss. One or the other. Why is this so big? Microsoft stop is at entry on Microsoft. Microsoft on majority out just because I don't know how much that's going to return me. Sorry, the stop loss is not this big.
I will take a re-entry on this QQQ trade if we start to reject this again and come back down. I'm going to take a re-entry at 922. Only if we reject this again. Unfortunately, it was just a quick scalp. Microsoft, I've sold threequarters of the position. I still like the re-entry here. Same thing for QQQ, guys. Same exact thing. Uh, your fill on these contracts would be a little bit later. The fill on these would be a $140. So, I would look to trim at a $155 right here. Take your take your first trim on this NQQ trade, guys. All right. Now, stops stops at entry again. Stops at entry again on NQ shorts uh QQQ puts. Solid trade so far. Let this thing start to sell through here. I'm trimming again. 30% profit right here. 30% profit. Taking my second trim here. Roughly 50 points profit on the second push down. Beautiful execution. We watched it fail this level again. Came down. Taking that entry at 923 for a nice flush. 50 point trade to the downside. I am majority out of this trade. I have sold literally 90% of my position, guys. 90% of my position has been sold out of this trade. Next level I'm targeting is this 4hour key level here with stops at entry. Okay, so it's going to be 74 points is that next target. Stop losses at entry though. Sorry, I was trying to zoom in on Microsoft while that was happening. Microsoft is dying like we thought it would. Beautiful play here. Meta did not. That's okay. Uh because we got nothing to the upside. It didn't even get close to our entry. So, it's not like you would have been faked out on that. Microsoft is paying beautifully here. Um, I'm just looking again. Majority out of Microsoft. I'll look to see if we can hit 406. I doubt it, but that's the next level I got. All right. Uh, Microsoft on the 415 puts. I've trimmed twice. Uh, I trimmed once at that $160. Trimmed again at $255 a contract. Uh, because that was about 100% profit on Microsoft if you took the Microsoft breakout. happen at the same time as the QQQ one. All right, we got more selling pressure here on QQQNQ. Remember, stops should be at entry now on the second NQQ trade. If you didn't get on the first one, don't worry about it. Uh if if you didn't, you should have taken two trims. So, if you haven't taken two trims, I would just trim now if you haven't taken two trims. Beautiful. All right, 627 puts. Uh, again, your fill would have been a little bit later on the second entry. You would have filled around a$140. It's about 210 right now on the contract. So, they're moving well. Boom. Let's take that third trim here, everybody. This is 75 points profit. Let's take that third trim right here. All right, stops are back at entry. I have 5% of my position left. Just so everyone's aware, I have 5% of my position left. [clears throat] How many contracts? 100. I went in with 2,000 contracts. I have 100 left. >> Yes, of course you can ask questions. That's half the reason you should be here. Well, that's the main reason you should be here. Go ahead. What's your question? Remember, I have 5% of my position left. We got the 70 points, 75 points profit. Beautiful trade so far. Um, I want to see 100 points. We got close, but would love to see it. A little bit of a sketchy fiveminute candle close. Uh, I do like that we're below the 4-hour level, but just keep in mind for those that want your stops and profit, if we come back above this 4hour level, it's a massive red flag. All right, just so you guys are aware. I just don't like how much we wicked off of this 4hour level 850. So yeah, [snorts] I got a small position size left. So my stop loss is at entry. But if you have trailing stops, if you're someone risking a lot of your position still, uh if you know who you are, if you're someone that chased this and you entered late, just keep that in mind, okay? We have to stay below this 4hour level to see some solid, you know, momentum push down. Thank you, John. It is very it is very tough to trim on Trading View because there's a little bit of a delay a little bit of a delay with the fact that you're linking a broker. So, it has to go through another entity to submit and execute every single order you press. So, there will be a little bit. Trading View, I know a lot of you guys like trading on Trading View because it's uh it looks really pretty and you can see your P&L with the stop-loss and all that. Me personally, I would just stick to your broker. I would stick to your broker if you have the ability to. If you can have two screens, you can do what I'm doing, Trading View and your broker. I think it's best to stick to your broker, especially if you trade on Trade of um because those fills are incredibly fast and accurate. So, I would definitely prioritize Trade of Microsoft. Yes. No. No, if you got the winning trade, you sold all your contracts, leave. Good job, Luca. Good job, man. Yeah, guys, don't stick around if you got your win. The greed will more than likely bite you. Okay, the greed will more than likely bite you. Trust me, too many too many people in here will take one of my call outs. They'll make money, but they'll mismanage it a little bit, maybe, right? They'll maybe sell a little bit too early. Maybe they sold this whole thing at 15 points profit. Um and uh and then they'll try to re-enter the rest of the day and kind of get smoked, right? They'll take loss after loss after loss, chasing a trade they should have just stayed in. Um that's the whole reason why we leave some runners here, you know? Um that's one of those things where discipline really plays a big role here. Discipline plays a big role because yeah, it's hard to it's hard to find a trade setup. It's hard to enter in a trade and it's hard to stay in a trade. But one of the hardest things is once your trade is done, staying out of the market. That's one of the hardest things. My stop loss, Daniel, is at entry. Stop loss is at entry. So wherever you filled, like up here at 923 on the second push down, wherever you filled, that's where my stop loss is. Original entry was also at 923. Both entries are at 923. The first trade obviously was fast. That's why I told you guys not to chase it. I said, if you're not in it, just wait. And obviously your patience paid off and then I just prepared you for the next setup. Hey, if we come up and reject this range again, I'm gonna take look at the same spot for a second entry. I couldn't have prepped you better. All right. Boom. 100 points profit. Let's trim again. 100 points profit, guys, on QQQ puts, NQ longs. There we go. What a beautiful trade. I think Paul helped us with this trade. That's what I think happened. This is too clean of a move. God bless him. All right. Um I have two and a half% of my position left. I got 50 contracts. I guess that's two and a half%, right? 5% being 100. Yeah. >> [clears throat] >> Um, at this point, I want you to use my 4our levels, okay? Uh, as we're watching this play out, just keep an eye on my 4-hour levels over here, okay? Um, kind of like what I said right here, pretty textbook, right? Hey guys, if we can stay below this 4hour key level, uh, we should see a nice continuation. And sure enough, that's what we've gotten, right? We we retested that 4-hour key level right here perfectly, um, at 25891. Beautiful rejection of the level. Just like I said, nice sell through. Um, so that's where we got that extra little, you know, 30 points. We able to squeeze another 30 points out of that. No, I did not say NQ longs. I did not. [laughter] Jerry, um, please do not enter in any calls, man. Jerry, please look at my u look at my watch list. All right, take a look at my watch list. I'm going to go ahead and pull it up with you here so I can talk you through it really fast just so just in case you're new. Uh so Jerry uh pay attention real quick. So take a look at my watch list where it says on the far left of circle it says share profits watch list chat room etc. Click watch list. On the first one it says watch list 232026. I want you to look at NQQQ. I wrote on there 25945. All right which is up here. 25945 this 4hour key level. All right and 628.4 this key level right here. I'm watching for a breakout for puts or for shorts. Need to be careful just case this forms is uh support etc. But if uh during during the actual live all I was looking for before the open I said was if we open below this I am biased for puts on the day. That should immediately signal your brains your brain hey all right if we're below this level James wants to go short. doesn't mean you need to agree with me, but that's what I'm saying in terms of um helping determine if we're going long or short. Just take a look at the watch list, look where we're at in the chart, and then from there, you should be able to derive like, hey, okay, they're probably in shorts. And look at my trading view. That's why I do this, so you can understand where the entry was for your own comparison, just in case I don't call it out. and also so you can see where we're at on the chart currently cuz when I first started this group I wasn't doing this. I was just calling it out. But a lot of people like this visual. So next we're going for 150 points profit guys. That's what we're going for next for that next trim on NQQQQ. It'll be in the middle of two of my 4hour levels. So, as you can see right here, next PT. >> Oh, sorry if I confused you. Sorry. I see a lot of you guys were super focused on Tesla today. I want to ask why. Why were so many of you very focused on Tesla today? A lot of people even in the private in the Q&A there's a lot of people saying Tesla, Tesla, Tesla. Why is everyone so focused on Tesla today? I mean it bounced off my support level. That's the only thing I can see. But still, even that is tough. You know what I mean? Uh [laughter] I don't know why you would want to, you know, skip Microsoft and skip QQQ for uh for Tesla.
So I need to put this out here now. Yes, I'm trading the closest I can to zero DTE. Yes, that that is correct. So to me, um like my Microsoft, they're 04 February expiration. So these expire tomorrow, Wednesday. Okay. Uh, let me touch on that really quick because I'm sure a lot of you guys have questions. Um, well, they're like asking about day trades. Uh, how are you able to close your positions so quickly? It's Weeble. It's Weeble. It's It's fantastic. Weeble, you can do everything very fast. You also got to remember I've been doing this about six years now. So, um, I'm I'm pretty I'm pretty uh I have a good system. Whoa, whoa. Okay, sell. Everybody sell. QQQ. Everyone should be selling a big portion here. This is $4 a contract. Oh my goodness. All right, this obviously blew right past our 150 point trim. Uh we're sitting here now at 200 points profit on NQQQ, everybody. That was a complete dump. Wow. Beautiful. Hey, it worked in our favor. Worked in our favor. Let's take it. That's 200 points profit right here, guys. Um you're if you got in on the original entry, you're almost at 300% profit here. I'm not going to lie. This is a pretty incredible trade for QQQ. Um, it's went up to $4.33 a contract. If you got in on the re-entry, which is around $140 a contract, this is 209% profit on QQQ. All right. Beautiful dump though, man. Absolutely beautiful dump here. Got a baby position left on Microsoft as well. All right. So, uh, I'm just want to target this next 4 hour level. So, that'll be 250 points profits. All right, we should see this with Nvidia giving this up. We should see this. Nice, JPD. Good job, man. Hey, Microsoft, brother. I I um I shouldn't have said that. I don't know if you're a guy or a girl. Um we've clearly formed an area of interest here. Okay. Uh because we're starting to hesitate a little bit. Oh, why is it white? Sorry. I don't want that to be white. Oh, that was the text, man. Look at Look at NQ dumping with Nvidia. You guys see the confluence between Nvidia and NQ? You guys see that? That was pretty pretty nice uh little read there, right? Nvidia looks like it's going to dump and then it does dump and then there you go. See Nvid and NQ dumping with it. Absolutely beautiful. Absolutely beautiful. All right, I'm going to trim it here on QQQ, guys. $510 a contract. I'm taking my trim on QQQNQ. Slightly early on NQ, but the contracts have moved so well because I'm trading QQQ. So, I got to be reasonable here. I'm trading based off my option contracts, not the chart. But, wow, $512 a contract. There you go. You guys got it. 250 points profit. 250 points profit. What a banger trade. Wow. Absolutely gorgeous. Absolutely gorgeous. That's That's just incredible. So, this is 345% profit on uh QQQ if you're wondering the disparity between the fills. [laughter] 345%. Um I don't know what it would have been on the original. Let's see. Oh, now it's at 550. Now this thing is just dumping. These contracts are picking up heavy value. Heavy heavy value here by 1.4 270%. That's a shame. Big difference. So 270% to 345% profit down here depending on your uh if you got on the first or the second entry. All right, I'm just going to target 300 points profit now. Again, this is primarily being driven by Nvidia. Me calling out calling out Nvidia that dump it was going to have at 18297 before it did it. Um, again, that's what led to this big drop here on NQ that we're seeing for a nice push and continuation down. Uh, we had that good hold of that 4hour level I mentioned originally. I said as long as we can stay below uh 25891, that 4hour key level I have, we should see a nice continuation for the sell through. So, if anything, that could have been some a third re-entry criteria for anyone that was liking that trade. Um, and then now we've seen this nice push down. Stop losses were in profits uh right above that 4-hour key level, 25852. We got close, but we didn't come back high enough. So, our stop losses held up and now we are being rewarded. We are being rewarded. These contracts have moved astronomically. We're now at $68 a contract. Unfortunately, I do need to trim again. I'm basically just trimming every dollar push on the contracts. You don't have to trim on NQ here. You can wait for 300 points if you would like, but on QQQ I'm trimming again. Uh $68 a contract, 605 on the fill here. Um this is this is uh I'm having dja vu from the other day. Uh 428% profit. Uh and you can see your percentage profits on Weeble, by the way. If anyone's wondering how I know the percentage, it shows you on Weeble. It says it by your thing. It just it just updates you as it moves. All right, keep an eye on Meta. I wasn't trying to take this breakout here on Meta after it had this wild price action on Meta, but it is bouncing my key level at 703. You guys see this? So, if you did take that 705 break, just be cautious of this because what what it did up here, it could do down here. It could bounce back into the range. The fact it didn't break through with NQ is a little bit uh worrying. So, Tyler, you're right. That was your plan. You stuck to it. You should you should be very proud of yourself today, Tyler. Do not be kicking yourself, my friend. Please. I mean, remember Tyler, everyone's a really good trader after the fact, right? But I'm sure when you sold at 50 points profit, you were like, "Hell yeah, dude. That was my plan. I executed. I'm done." So, you should be very proud, James. On the second entry, you're looking for rejection. What confirmed that rejection? The level that I said the 25947. Um, if we can reject that level again. That's all I said. So, that's not necessarily volume. That's just you seeing the level reject. So, you see the level reject. That's confirmation one. Oh my god. All right, I got to trim again. $7 a contract. What is going on? I can't even answer questions. What is the My Of course, my little news computer keeps shutting off. Hello. Sorry. Hold on. I just want to see. I've trimmed, by the way, at $7 a contract. What on earth is happening? You know, I'm about to buy like a Bloomberg terminal so I can be fully up to date on news cuz this is getting annoying. All right, so we've hitting the 300 points profit, guys. Obviously, um this thing is just absolutely dying. Um, now we're just going to target 350 points profits because this is this is astronomical. This is truly astronomical. There's nothing we can really do about this besides let your runners run. Let that position do its thing. Uh, this is 334 points profit. I'll target 350, but I just got to let it keep going. Um, [clears throat] no. So, I'll use volume. Are you really about to hit it again? All right, I'm waiting for $8 a contract to trim again, but otherwise just let let this thing do its thing, man. Um uh good thing the my internet was working today, right? Felt pretty pretty crappy feeling yesterday missing out on all that easy money that would have been made. Well, not easy, but you get my gist, right? Because I wasn't able to trade yesterday. I literally sent an email to AT&T and I was like, "You cost me over six figures yesterday. Please fix your internet." They probably reading that thinking I'm full of BS. It's probably what they're doing. Got 548% profit here. Oh, I'm still on my No, I wish I had 548 contracts to sell. That'd be amazing. All right, 350 points profit, guys. This would probably be your last trim. This is technically my last trim right here. I'm I'm I am legitimately I have one contract left for fun, but I took my last real trim. I sold 24 contracts. So, that was my last real trim. Consider me basically out of the trade. I have one contract as like a yolo thing. Let's see what it does. But one QQQ contract. Okay. It's it's I paid 115 bucks for it. So, and now it's worth $720 a contract. Um, I'll have stop-loss and profit maybe around futures. Good for you. You can trade NQ and you can pay $3 for a Weeull broker and it's $3 a month and you can get level two data. You don't have to deposit $5,000 to have a Weeull broker, guys. I have the referral link. You can even use the referral link. Obviously, I get a couple of cents from that, but we both get a couple of cents of some stocks. Like, I've gotten Snapchat stock because you guys use the referral link. I obviously never would have bought Snapchat stock, but I'm just keeping it because they gave it to me. Um, but you can just use the link, you get a little free stock, a portion of a stock, and then in there, the order book level two, you have to subscribe to it. It's $3 a month. It'll charge you the via credit card or PayPal or anything, but it's in my opinion that is the best $3 a month you will spend of your life. It's $3 a month for order book level two the data. And that's that's I would say how I take 95% of my trades is reading volume on order book level two and time and sales. So, uh all right, cool. How do you enlarge level two? Um, well, make sure you're on QQQ the stock and it says level two. So, you're clicking QQQ and then from there it'll say orderbook level two at the top. In between where it says the bid and the ask, there's the number 50 just or there's the number 20 I think at default. You can change that number though. You can change it to 50. You can change it to all and you'll see everything. But you want it vertically. You don't want it horizontally. You want it vertically because it runs vertically. So, you'll see more information that way. Uh Jonas, I wouldn't trade a 150k account unless you got it for free. Um if you're trading a 150k account just because they're a little harder to pass. Um but if you're trading a 150k account, I would say 15 to 20 MNQ. 15 to 20 MNQ is what I would trade on a 150k account. [clears throat] Uh please go look at my education section as well, guys. A lot of these questions a lot of you guys are answering because you're new. just for time sake because I have to leave. Um, refer to the education section. Uh, I pretty much I probably answer any question you would have in the education section. It's all included in your subscription. Um, in terms of how I trim, good trade management, risk management, psychology, uh, breakout strategies, the whole nine. It's pretty much all in there. Everything you would need. What what you would pay someone else, you know, $4,000 for their boot camp to teach you a 15-minute orb, it's all included in your subscription. Okay? So, please, please, please take a look at that. Um, don't don't be daunted. Don't open a video, see it's an hour long, and go f this, and close it. That's just not going to get you anywhere. Okay? Just hey, watch 20 minutes of it. Come back to it later. Watch another 20 minutes later. Come back later. All right? And I have a lot more stuff on YouTube now. Also, if you're not a fan of the Circle platform, I can't upload much more to Circle because it's capped at a certain memory limit. And I have to future proof this. I need to think for the future. I need to be able to upload stuff in Circle obviously. So, I'm not just going to upload um many videos in here anymore. It's going to be primarily YouTube. All right. You're welcome, guys. Yeah, I'm building an armory, man. Got to have the armory up. I got the massive generator now. I get the armory. I got gas masks. Got MREs. You name it. Oh, man. I I I don't have many guns. I'm waiting to buy my guns until I can actually have somewhere to put them. I can't buy a bunch of guns with two little girls running around. So, all right. All right. Yes. Yes. Some of you notice in the shadows the one behind me. Yes. All right, guys. Wonderful trading day. Uh thank you everybody for showing up. Thank you guys all for coming. Uh God bless everybody in here. Uh and remember, good lesson um you know from Paul. Cherish your loved ones, your best friends. If you haven't talked to them in a minute, please call them, text them, tell them you love them. If you don't have time to call them,