 What's up navigation traders welcome to today's trade hacker update today's Thursday, July 30th Before I jump into the charts. Don't forget if you haven't already make sure you save your spot for the upcoming day trading for options web class It is August 6th at 4 p.m. Central. Just go to navigation trading comm Slash day trading dash registration. Sorry, we could have probably made that URL a little bit easier for you But we you know, we want to make you work for it But anyway, you'll come to this page just put in your name and email to save your spot August 6th 4 p.m We're gonna talk about our number one days trading strategy called the mighty 90 Because we only trade at the first 90 minutes of the day and then you're done trading Wins over 70% of the time specific turning points in the market in the specific stocks It's real. It's a simple strategy. We're buying puts and calls. No spreads. No adjustments. It's it's very simple to learn I've I've taught a couple people who had very little trading experience and they were able to catch on very quickly So if you're an advanced trader even better if you're not it is still going to be awesome Best way to trade this strategy in a small account. No account size issues There's a little a couple thousand dollars as long as you can have a you know margin or a cash account And then we'll talk about the pattern day trader loophole that allows you to trade unlimited day trades regardless of your account size Super excited about this. This is one of the coolest strategies. We've ever taught and it's been super profitable So hope to see you there navigation trading comm Slash day trading dash registration. Check it out. All right, let's go to Thinkorswim the market is getting ready to close in about one minute So we've got some earnings announcements. Let's go over yesterday's first. Let's go over so AMD Talked about this on yesterday's video It opened up above the expected move and what do we typically see when that happens the price continues to grind sideways to hire It did just that we booked a nice profit on that trade Just overnight now we put on a couple others that haven't fared as well one of which is Shopify However, it is coming back It just had to come back down here and test the pre earnings number and then it bounced hard off that So if we can get up above this line tomorrow We will also book a profit in Shopify and then the other one that we did was Starbucks Same thing Starbucks isn't as favorable. There's a closing bell But it did come down and it bounced hard today So if we can if we can jump up above this line It's not that far of a move about a half percent or so from where it's currently trading if we can get above that tomorrow We'll book a profit in that one as well. So we'll see what happens in those So those were yesterday's post earnings plays. We didn't do any overnight trades But tonight after the bell after the bell that you just heard We've got a few stocks announcing first of which is Facebook so Facebook actually moved theirs. I'm gonna put this on a five-minute chart so we can actually see what's going on after hours here So Facebook was supposed to actually announce yesterday. You can see but they actually they pushed it out to today So we're gonna see the price. This is a five-minute chart. So we're gonna see The price start jumping around as soon as that announcement comes out. It looks like yeah, there it goes They're starting to move. So we've got Facebook announcing right now. We've got Amazon Let's go to Amazon AMZ N and just click it right here So it's actually so it's Looks like it may not be maybe it's not for another hour. We'll see what happens Looks like it's at 4 p.m. Central market closes at 3 p.m. Central So we may not to get to see the action here on this recording But look for that so Amazon announces after the bell right now and then also Google our friend goog G-o-o-g Big rally today Nasdaq started off weak is down and then it really just ripped higher This is Google look at the Amazon did the same thing and then it kind of chopped around and started a little bit lower And then Facebook also already looked at but let's look at what the price action was. Yeah, same thing as Google It just started low and ripped high So we'll see how it how it reacts to these earnings and then the other one that's announcing is GILD You can see there's basically trading sideways now GILD is a biotech Earnings aren't always the biggest announcement for them. It's more the FDA approvals But we'll see what happens if there's anything enlightening with GILD So those are the earnings. So what else did we do today? Well, I mentioned we closed out our AMD trade Let's see. Oh, we added a oh, yeah, so so in Amazon, here's what we've got going for this earnings trade We did a what we call our earnings iron duck. So basically as long as Let's see if we go to our analyze tab. So 2868 is the downside. So if we draw that here, I'm gonna squeeze this a little bit more 2868 even more There it is. Okay. I already drew it. So here is Amazon can get all the way down to here. So if Amazon rips higher We will we'll make a couple hundred bucks. No matter how high it goes We'll make a couple hundred bucks that we call that our big profit on an iron duck if it goes down The expected move is right here Well price can go all the way down beyond the expected move all the way down to this for us to break even So we have a huge buffer to the downside And and anywhere we hit kind of in this area is going to be max profit And then if it rips higher We will book a profit as well smaller profit, but I think it's what we got here per contract $710 is our max profit and $210 is our beak profit. So no matter how high it goes We'll book $210 if it lands in this sweet spot right here. We'll book around $710 and our break even is right here. So Good chance at some profits in Amazon as long as it doesn't just Implode to the downside. We should we should do good there. So hopefully that is the case We will see what happens and then we've also got a weekly double calendar and SPX will be taken off tomorrow And that's all we got day trading is going well I've been trading smaller symbols lately just because I want to get used to those for when we start teaching The class on August 6th because I know a lot of people will start with smaller symbols So, you know didn't this week. I haven't traded any Amazon or Tesla or anything like that So trying to keep that position size really small doing well just booking some small winners and it's been very very consistent So look forward to it again make sure you register Navigation trading comm slash day trading dash registration get signed up save your spot. It's gonna be fun stuff. See you then bye