 Almost time for the bell, how many options, will you sell? Fire up your platform, get ready to enter But first, let's get the mindset centered We follow the plan, that's how trade it Have success, find what works for you and forget the rest Stats and probabilities is what we're up to Miss greed and doubt, focus on the process Not the money and the profits will flow like honey Power hour, more trade hackers, get ready to go Zero-day options, time to make bank Get locked and loaded, then be ready to plank What's up everyone, welcome to Power Hour Live Tuesday, January 30th Hope all is well Watch is talking to me Hope everyone's doing well S&P is unchanged as we speak NASDAQ down 109 Russell down 14, Dow up 118 Gold and silver slightly green Notes and bonds slightly green Ten-year yield down almost 1% Oil up one and a quarter Natty gas up 2%, grains all up One and a half to 2% Euro and the pound, Euro slightly green Pound unchanged, Bitcoin up a little over half percent VIX down 1.69% Sitting at 13.37 Is S&P gonna blow through highs today? It's hovering, it's hovering right there Alt-time high, hit early day 49.30 Currently at 28.5 Unreal So for Power Hour today So right in between strikes So my bot would go inverted I'm gonna, I'm gonna I'm just gonna do a little discretionary Power Hour trading I just I don't really want to load up I've got these strikes surrounded right here I've got two re-entries on And I've got a quiet lunch Half of my quiet lunch still on On the two and three strikes Out of the money All around where we're at now So I really don't want to load up anymore If we get to a strike At the money straddle would be Seven Ish Maybe Close to it But So I've got Got my remaining quiet lunch on Just looking good as we speak Ugh There it goes My two re-entries One is kind of pushing up It's down a little bit The other is Up a couple hundred so I'm just gonna roll with what I've got And potentially play Something else if we If we move Yeah so I've got My AM number one's closed out My I got a lunchtime number one still on And lunchtime number two I put on Hoping we would get a little bit of a pullback Or at least we would At least maybe I would book 20% profit Before it went up But See it looks like it was the What bar was this Was the one The time was it 120 central It shot up through that little Consolidation on me So without booking 20% so So I'm kind of in the same boat with power I'm just kind of 49-30 straddle would be it Maybe you didn't want to go through highs Didn't quite get there So my lunchtime number two Is testing the upside So normally I would enter a centered one The problem is that The premium's just not there So yeah premium's getting a little Skimpy today I don't know if I want to put it on a straddle I'm gonna give it some time I'm gonna give it 10-15 minutes To see what price does Or does it blow through highs My futures position says it blows through highs I'm long some ES here I did take a futures trade in silver as well Got stopped out so that was minus 770 Take another ES Looking forward to blow through all time highs I got stopped out on that one so that was down And then this one I'm currently in is up One of my re-entries I've got a 20% profit target at 410 It's currently trading at 455 So getting close This one here My AM number one Was a $1635 $1,635 winner Number two, $1,790 winner My lunchtime number one will be a winner And the jury is out on my Lunchtime number two I did have two other Re-entry this morning NTT that both hit 20-40-60 profit target So I got in at the open Now I hit all three profit targets And then I got in here at about 10-06 And that one hit all three Expected move today To the downside was about 4906 To the upside 49-45 Have not even sniffed Anywhere close to that Had that little Jolt from the jolts And it's been pretty choppy What do we have here About a 30 to About a 14-point range all day Can't ask for much more than that Selling zero DTE premium So I'm going to take a look at this straddle David Junkie, did you get some Real-time paper trade data? All right, good Yeah, that's kind of a If you're, you know, trying to practice to go When you go live, you definitely want to You definitely don't want 15-minute Delayed data that make a huge Difference with those So I'm looking at this 49-30 straddle It doesn't look too bad 630 premium So is that the 30-25s bumblebee? So I got to fill it 640 on that And I went smaller than I normally do Just so you know Position size down just a little bit In case we get it repeated yesterday Chad, what's your position size plan? Are you going to start ramping up Or are you going to stick with kind of a It's a good question It's a good question Yeah, you know, actually I was thinking about that just a few days ago I typically have been doing 6, 8, 10 Throughout the day Every now and then I'll do 8 or 10 in the morning So I may be ramping up my mornings Yeah, I've actually My power hour too, I may be ramping up 12, 14 contracts here in the near future But it's funny you ask that Because like I said, I was thinking about that actually Just the other day Yeah, I didn't know if you had a specific plan Or not My default contracts are 10 So it's easy just to do 10 So power hour With that was a 640 fill That would put me at a 5, 10 5 dollars 10 cents Profit target with a Trailing stuff of 4 Yeah, premiums were low, Kelvin And I've got I've got trades all around The Two strikes out of the money Three strikes out of the money So I'm just going with what I've got here Which is a couple of re-entries From earlier as well as Half of my quiet lunch One of my re-entries is about to hit 20% It's trading at 430 My limit's at 410 What did I just do? Somehow I just closed three of my Strattle at 630 When I got filled at 640 Did you put your trailing stop in wrong? Something I think I did The stupid Stupid shark robot thing was Coming by my chair And right as I was putting in the order And I bit down to stop it Oh yeah, blame it on the Zumba And so because it makes noise And it's distracting And then all of a sudden I heard a The ring getting filled I've heard Zumba, Dick Okay, so essentially what I did Was I cut my Trade in half so it's Instead of six contracts I got three contracts Let's try this again I guess if this thing rips to the upside I'll be happy I think Zumba's a type of dancing It's like a dance lesson, isn't it? Dick, hey Zumba, Roomba Whatever, it's called iRobot iRobot You can name it When you have them Like the app you name it Guess what The name of my iRobot is What's that Can you guess? You think you can guess? I don't think I can Mahomes Oh wow You gotta keep that That's the name of it So I hit 20% on one of my NTT re-enters here How many of those did you put on today? Or did you say that already? Yeah, I did two earlier that Hit all three profit targets Hit the two on that I'm in right now And there's another 20% on my other one I hit something too here Red bar coming in So I hit 60% on my lunchtime number one Nice, nice And I've got two of ten contracts Left on that one Looks like we got an ECB guy Talking right now ECB president Lagarde Just hit 20% of my lunchtime too Quiet lunch is dead centered My profit target is 90% Currently at about 86% Alright, so I got Half of my lunchtime number two At 470 So my next target for that one Would be 355 Trailing stop at 355 Didn't quite edge up to a new all-time high Or pull them back Thank goodness All winners for my Reentry NTTs today We'll see how Good of winners these last two are So my power hour Is testing the downside It was good to take some risk off So if we do If we do move, I still may enter something else So if this Market falls apart here and starts Really dropping Then accidentally closing out Three of my six contracts Would Would be helpful, would have helped me See what happens You're pretty good at benefitting From those mistakes Chad Lately I have been I've benefited from Some mistakes I should have scaled down a little bit yesterday Honestly in power hour I was up 4500 bucks This is my Strattle what I got here at power hours Strattle you can see where it's Kind of testing that left side But like I said I Went in with six contracts instead of my normal Ten and then I accidentally cut three At Ten cents below where I got filled Put on a one two DTE double calendar Earlier it is up About four percent I was hoping to take some of that off I went in with pretty decent size Because sometimes you'll get a quick ten percent pop Same day Currently up about five percent My five sevens up twenty percent I took half of that off earlier today My six sevens up about fifteen percent I have not taken any of that off yet I was hoping to get ten percent Elliot to take any off But I may shed a little bit At the end of the day Just to lighten up my position Because I went in a little bigger size Than I normally do But I like on the day before FOMC a lot of times those things Will give you ten percent same day That's why I went in with bigger size I'm in the Forty eight nineties Forty nine seventies Same as you I got in at I got filled at six ninety five Would you get in it? By the way I bought Some more ES futures on this little dip I just don't think S&P can stay away from new all-time highs I just don't think it can It's a magnet Getting close to forty percent On one of my Re-entries Trading at three twenty five Limits at three oh five All-time lows, wow That would be something What is the all-time low? I don't know A hundred Ten? I would love to see like just Lows of A couple months ago Not gonna be a Power hour number two for me Vixx is holding steady Had that contraction early in the day And then it just baseline basically So back I don't know In the fall or I guess summer What was How wide was the power hour I had condors you were getting Well it was more End of twenty twenty two Beginning at twenty twenty three Was the real heyday Okay How wide Like the first tranche of power hour I mean we were seeing You know ten fifteen twenty wide Oh gosh It was glorious You know that's why I talked to many people about what I'm doing here And I always tell them like I don't The market really isn't good to be doing this I'm still booking really good profits And so Couldn't imagine what if it would just Get a little more volatile and get some One day One day it'll come Cause I was looking at When I was doing some Performance reporting I was looking back On my April power hour Trades And I was doing like six contracts Of tranche one three contracts Of two and one one contract Of tranche three I just hit forty percent one of my trades And You know I Don't know I think I made like thirty or forty Grand in one month Position size Wow and then I looked like October was I think my best Month of the year but I was doing Like three times the position size October was really good but Was like my position size was Way way bigger So what was your risk when you were doing this You know One contract what was the I was using like four dollar stops On tranche one three dollar stops On tranche three and Two dollar stops on tranche Three dollars Stops on tranche two and two dollar stops On tranche three Oh bring it a little bounce up That straddle see We'll fill twenty percent My pin on that straddle is Forty nine thirty Get close to hitting eighty percent And to be out Of my lunchtime Number one Eighty percent would be a buck ten Currently at a buck seventy So I've just got one contract left on each of my Re-entries Quiet lunch is Sitting at eighty eight and a half percent Looking for ninety So what do you got there theta You got the plus Was that about Third plus thirteen hundred definitely Was that my read that right Oh yeah up there in the top left Okay I was just trying to add those in my head Nice rank hitting Power over one Looking for forty percent of my lunchtime Number two I got an order at three fifty five it's currently At four forty five So unfortunately I went a little lighter on trades Than I normally would have as Around midday I had to be away from my computer So I didn't I didn't do a DKS I didn't do as many re-entries as I May have Do the one quiet lunch Still a good day though One of my bots just did I did the O2 DTE double calendar this morning Little winner Forty percent on half my quiet Lunch and then about to hit Ninety percent on the second half And then four for four on the NTT's I didn't my plan was to do more NTT's Cause my Tuesday trade is the Early exit I'm not really that big of a fan of anyway So I scrapped that And entered an NTT at the open 1735 is a good day So tomorrow for the FOM So no power hour live stream tomorrow Chad will be streaming live in the morning It's a good morning today And then no power hour live stream But we'll stream starting Fifteen minutes before FOMC So that's twelve forty five central You can check out My trade plan I'll do the two FOMC trades which Is selling an iron condor Right before the data released Closing it out right after pal Takes the stand And then entering A long strangle Right after the press conference starts And And I'm also going to Same time that I enter my FOMC iron condor I'm also going to enter A one DTE Nothing in the morning for me And you guys having almost identical trades Starting to think alike I like the I like the trailing down And then the ratchet down of stops I just don't like how much manual entry it is So I've been Playing with trailing percent stops Trailing Premium stops Trailing plus ratchet I definitely like the How it reduces risk When you ratchet it down but It's just a lot of A lot of manual Watching and Waiting and Manual ratcheting I'm not sure exactly What I'm going to do there yet What would be fantastic if trade steward Would come out with their trailing stop Then I could still use trade Steward to manually enter but then it would Automate the stop process That would be Ideal Ratcheting or trailing of stops And trade steward is manual At this time I'm knocking on the door of my 90% Profit target here on the quiet lunch Currently trading at $1.35 Steven It's a historic month for me Profit wise Yup And right there just Locked it in I believe Got out of half of my Power hour number one I don't think there's any way I could I needed to Have a seven grand day to hit Six figures in January Awesome Started the day at $93,368 Beautiful Never in my wildest dreams That I ever think I would Hit six figures in a month That's big time Especially in that Short of a time period from going from paper trading to Real trading So your goal next month is $200k then, right? Man, I honestly Haven't even thought about it It's just been such a wild ride over the last couple months Of just the success I've just never seen so much Consistent success New all time highs Ladies and gents I gotta get my stop in to this straddle Although It's almost dead center now I've still better get it in Stopped out of my remaining contract on One reentry I got stopped out of stuff too here My quiet lunch was sitting at 90% and it did not hit Did not fill That's it Still at 82% But hopefully this thing doesn't Get all yesterday on this What am I doing? Still hanging on to four ES futures In case this thing wants to rip So my 40% for this straddle would be 385 and that would also be My trailing stop Now it's looking like My mistake Kind of hurt me but Can't complain 367 million To the sell side Early indication Yeah, Vicks got a little pop going on that New all time high My lunchtime number two was stopped out After booking 20% So that's pretty much scratch trade And my last two contracts Of Lunchtime number one That stopped at 225 Let's see if I got calls That are worth anything My quiet lunch showing up 91% Still hasn't filled trading to buck 25 There it is Filled it at buck 35 So the only thing I have left is one of My re-entry is one contract And it's nice and centered 60% profit target at 205 It's trading at 255 I came back down didn't it Lunchtime number one was 2105 In profits and my lunchtime number two Was Minus 175 bucks So I just got two contracts left Of my Straddle We'll pull back to poke its head up Retrace right away Vicks still climbing a little bit Yeah poke its head up just to stop me out of Two trades That might have taken me It took me under seven grand for the day Two so You got to get over six figures tomorrow Then you got one more day I spoke a little bit too soon Unless these two straddles Two straddle contracts Everybody need to go back and delete all your Congratulatory posts to Chad I was putting in orders, OCOs I didn't even read them So you're saying Chad just went wide right on that one Yeah no kidding man Really jinxed it I definitely jinxed it myself Yeah cause now it's really falling And my straddles are going to get stopped So yep looks like I'm going to need tomorrow Man it jinxed myself dammit Didn't like all time highs today No sniffed it and Instead of Water's cold Five minutes left Hot Norwood man I have a friend that's a bills fan Who's their current kicker Is that him? No Norwood it was the one that Yeah when the bills were in the Super Bowl With Jim Kelly a quarterback Yeah yeah yeah Who's the guy that just missed it wide right against us I don't remember his name I didn't text my buddy after that game I knew he was devastated Yeah bass that's right Yeah That we came back in 13 seconds The AFC title game A few years ago I let him have one of my season tickets And he flew in from LA cause that's where he lives And he brought a buddy of his And so the three of us were sitting there And when they scored with 13 seconds left Like The jubilation they had Was like almost they were in tears They were so happy And then you know We kick a field goal in 13 seconds And went overtime Like to see I didn't even know what to say to them to be honest with you Yeah The bills fans I was at the game too All the bills fans around us Were just oh man they were Talking so much trash Yeah It was just complete devastation Ripped their hearts out To completely end of the spectrum Emotionally you know Up and down I went with Brian Matt B and Brett And Brian was driving he was so pissed that he left Those three left And I stayed I was like I'm not leaving we still gotta give a kickoff And yeah they were I would have missed the whole deal I would have never forgiven myself If I would have left I told him I said you know These heartbreaking losses Like it'll make it that much sweeter when it does happen For you guys It's a great quarterback but This year might have been their year And you know my homes goes in and just takes it from They may not They may not win one As long as my homes is going to be around I can get a little bounce back to center I should be able to hit my 60% here On my last remaining Yeah I'd like to see this bounce back up to 49-30 That would be a pin I do like the Vicks going up though So my one two DTE Is now up about 7% So it's trying to get me 10% I think touched all the time I just came right back Come on SPX I command you to go to 49-30 Yeah I probably need to save it for a day that it means more I mean I'm already going to have a green day today So I just need to save that Vicks really climbing Slime, climb, climb It's just pumping in some more premium for FOMC Still at 367 million to the sell side With under 20 minutes to go We get a bounce here I'm actually going to lower my limit order Try to squeeze a little bit more out of here Got to have something on going into the bell I'm actually looking at trade steward Naughty dog when I say that Because it is nice It actually shows you the percent profit right here These are all closed But it does the same thing while it's live Just kind of nice Well if I would have left my order at 60% It would be hitting Shortly If we keep Stay here or bounce a little bit But I reduced it to a buck So let's see if my Discretion pays off here Michael Todd you all Out Or do you have a number two Another 4k day for you Michael Todd Nice Moro I just saw you ask that question About my other day trading strategies I don't Those are a lot riskier Because there's no stops So Mighty 90 and runners Are usually somewhere between like 3 and 6k 3 and 7k a month Might start going bigger in those too though Still 367 million sell side My power hour Still hanging in My one power hour trade I've gotten out of 20% 385 Is my next target 40% it's currently at 5 bucks Michael Todd Probably need to start up in his Contracts too right The real question Michael Todd Has had your girlfriend's account do today I don't know One thing I'm on the verge of doing Shutting down my Airbnb Vix Starting to roll over now 49 30s pin Job fish I'm gonna go ahead and lower My profit target on this See if I can get back up to 7k Trading your P&L No 385 Is my target it's at 435 425 My next one be 640 260 I'm gonna lower this to 260 I'm gonna have two contracts left So I set my power 60% profit Skipping the 40% Mark it on close Inbalance incoming shortly Anything over 3 billion 1.6 billion buy side Whoa Oh sell excuse me Oh No MOC trade Two more points higher for a pin Order on my last one at a buck Straighten at a buck 40 10 minutes to go 49 30 straddle Nice be more trader Okay, so I've blown through my 40% profit So Yeah Laura I'm gonna Trade the two FOMC trades in my trade plan The Short iron condor Before the data release and then the long Strangle after the press conference Conference starts the only difference is I'm also going to I'm not gonna do a one DTE trade in the morning But I'm gonna put my one DTE on About the same time that I do my FOMC iron condor And for me I'll look at You know depending on what price does In the morning I'll still look at putting on an AM iron condor But Definitely won't I want to be out of positions Or or have booked You know 40% profit 60% profit Maybe I have a contract or two left but My one of my two red dates I've had Since I've been trading this way Happened on the 18th I think I posted that earlier K loss right over the lunch hour When he was talking Those are my two lunchtime trades big losers My last contract Is about to fill at a dollar trading Tomorrow and Vicks all the way back Down Hold its head up a little bit Get back up to 49 30 It's close to a buck now it's back up to a buck 60 Not gonna be Not gonna happen for me should have Took him my 40% profit Five minutes to go So close to a dollar it's back up to 260 I was Ten cents from getting stopped One two-point bounce I'll get me There we go just a little bit higher You see 49 25 49 26 There we go filled in a buck Didn't even have to get to 25 Keep going Three minutes It's trying 49 30 Vicks meanwhile hitting lows of day Wow Look at that range Today on the daily bar I mean that is just a Little speck Good San Ray Glad to hear things are starting to come together I know it's kind of a Feels like a foreign language at first But Once you start actually Doing the trades Paper trade And a little bit of real money Start kind of understanding what we're talking about It all comes together pretty quick Work on that you can work on your Nerves by paper trading Nice Cosmo Already got your trades uploaded and everything With Trader Sync Well here we go a little markup into the close 40 seconds 49 30 26 Keep going Not going to do it I needed the push that it had Yesterday 4 3 2 1 Ding Alright all take care have a good night Livestream Chad's in the morning And then we'll be back for FOMC At 1245 central Take care have a good night You guys