 All right, so real quick here. It's a normal day, so I'm not going to be doing the power hour premiums are super low as well But here's what I've done today so far So had my is o2 DTE call calendar small winner some JSP's hit 50% My am ratio 945 trade Half of it hit 40% half got stopped out for about 19% My quiet midday tranches all hit 40% my NDX trade is currently at 64% unless we have a big move that should Looks like it should stay in range to hit max profit and then on my Challenge portfolio Had a 3-2 stopped out for a profit After I reduced stop and in closed half my a one-to-one same thing so 20% 20% 27% And then I had a stop out just on that big flush and Then I've got my 1 DTE which is currently up about 20% and Then my re-entries that re-entered here ones up 8% ones up about the same So not too bad of a day except for that one big stop out right there and that Had a little extra Little extra slippage for me as well. I'm I was trying to enter a power hour trade here I just finally got filled on the 6560s at 515 30 points wide and So for me me I'll go over here. Secondly puts OCO order in so if I were to do trunch one right now it'd be probably the 65 straddle which I've already got two trades on the 65 straddle so I will not be loading up anymore at that price point We got S&Ps down 15. We got Nasdaq down 118 Russell down 13 Dow down 111 Gold a little bit red silver a little bit red notes and bonds green 10-year yield down almost 1% Oil down about a half percent and add a gas up over 5% Grains a little bit mixed euro and the pound slightly red Bitcoin was up about 10% it's only up seven now, but the things taken off like a rocket hit 65,000 and then Pulled back. We got any hold hoodlers in the group Okay, there we go Okay for me so Damn my first iron condor I Went 20 40 60 and out my second one was stopped out with no profit so max loss lunchtime number one was 2040 60 now full profit lunchtime to full stop so Even before my lunchtime number two stop and even for today I've been considering altering my I talked about this in there I mentioned this in the discord Thinking of altering it to taking some chips off the table at 10% profit And so what maybe start thinking about this I went back and looked at my January I had 11 full losses in January out of You see January a total trade out of 89 trades. I had 11 full losses, okay So far in February um had 76 trades not counting this week And I've had 25 full losses And many times I'm within 20 cents or so of Getting filled On 20 profit So if I would have taken chips off the table at 10 i mean i'm not dealing with these full losses And so like today I mean i'm currently down 2700 bucks But my two full losses equals 6500 so So the one chips on table the one issue with that just yeah devil's advocate Yeah, it's obviously so then then your your winners are going to be even less compared to your losers Okay You know what I mean Yeah, and so I'm wondering like I've considered like six contracts. Normally I take three contracts off at 20% You know thinking of Until we I can you know with these days where you got these just It's the 20 it's the 10 to 15 point moves in 20 minutes You know by six contracts taking instead of three off at 20 taking two off at 10 And then taking two more off at 20 You know and kind of scaling out a little differently And so I might start doing that in a separate account To see how that works for me I think you should pay to trade it Yeah, well that yeah, that's what I would do I would do it my paper trading account Gotcha, let's see I'm ready to reduce my stop here 22 Let me just a second here Um Okay, so my 1 dte I just hit 60 on lunchtime number one Not great decay on the 1 dte today, but it's up about a little over 20% as dead centered with an hour to go Here we go again. We've got a six point move in 10 minutes Yeah, I guess the question is but you don't know but Yeah, how often are you hitting 10 or 15 percent? It's very easy to hit 10 percent. I mean very easy Yeah, I mean I've figured in commissions or anything like that. I'm just just kind of thinking out loud and looking at You know the the full losses just When you have multiple they're hard to overcome Yeah, I think and I think I think that's just part of it. I mean for example I mean, trust me, I feel I feel exactly what you're saying but if if I look at like my You know my re-entries today, you know, I was up What whatever it was I was up over $7,000 and now I'm basically barely barely green because of that one big stop out Um, but I've I've just I've found in my trading with this type of kind of scaling is that You're over time you're you're better off waiting as long as possible Waiting for higher profits and kind of what I settled on here For example, because I was debating between, you know, 20 percent 30 percent lower or higher And and when and when you're doing that when I'm doing the testing And looking at different scenarios for the same structure You know, I opted I ended up opting to go with at 30 percent I'm taking half off and then I'm Letting and then I'm reducing my stop at that point Um, I looked at 20 percent like I said, I looked 20 percent 10 percent 50 percent and the longer in almost every case the longer you wait to take those profits like waiting till 50 percent or Not taking profits at all and just reducing stop After you hit a certain level and not taking any off that actually performs the best over time Yeah, but it's but psychologically it's very difficult and so So where I settled is at 30 percent because that's a really just a nice sweet spot for me where I'm still, you know hitting the 30 profits a relatively high period of the time Um, but it's high enough that it doesn't drag down my performance on the winners over time so Anyway, all that to kind of say you just got to yeah, you got to just find your sweet spot and what kind of works But but when you get these, you know, like this big stop at it. I was like gosh, you know, yeah So much and now I'm just, you know Up a little bit and yeah, it sucks But and I'm still green for the month Big time, but it's like, you know days like this like look here. We've got just since we've been talking of Uh 10 point move in 15 minutes and it's still going You know, so I don't know. It's just but then your biggest days Are the ones that you know, like yesterday, right? Or I don't know but at least the first part of yesterday where it just is a tight range all day If you would have taken your profits early, you would have you would have missed out on a bunch of that Mm-hmm. Yeah, my paper trade to mess around with the contracts like, you know, just see Like I said, my first I'm not I'm not saying what you're contemplating is wrong. I'm just trying to get you to think through both sides And you know, I'm trying to think in Okay, this The premiums too like now are just so Power hour, so it's hard to even enter trades Yeah, well, yeah, this low premium is just No bueno all the way around Yeah Look at the vicks getting crashed on this little bounce Down 30 cents on that little bounce Yeah, I've got my power our trades off centered, but I'm not not gonna enter another one. It's just the premiums aren't there Naughty dog. I'm on a new uh, trying a new bone broth today If you're interested in hearing about it I know you're still scarred for for my last recommendation Well, it's the same. It's the same, uh It's the same brand just that kettle and fire But they have a lot of different flavors So I'm trying the mushroom chicken today. It's not too bad. It's better than regular chicken I also got a turmeric flavored chicken based I haven't tried that one yet. They got a bunch of flavors I have not seen that I haven't seen the Dana White video now My brother did a bone broth Cleanse he called it Where all he did was drink bone broth for three days Yeah, kelvin. I got him earlier I banned him earlier Thank you for reporting that though All right, get a little pull back after that push Yeah, and 50 70 straddle for me doesn't look too bad A lot of protein too, mech Very low calorie Full of protein Well, a lot of fed speakers today that has you know, that has a lot to do with the whipi whipi action too. Yeah That's right. Elliot. I'm like the queen's english with my grammar a little five point candle So I've got my three two, which is a 65 straddle Little bounce I should be able to reduce my stop and take half off My one to one is also a 65 straddle and then I've got my one dte and then my ndx four trades I don't use a trailing stop for my challenge portfolio, mech, but I haven't I I saw your post I haven't looked into that yet and I very rarely use percent Stops anyway, most of mine are all fixed dollar stops I like to use fixed better just from a scaling standpoint because you just kind of You know exactly what your stop risk is Now hopefully we just get a little bounce around here between about 50 70 and 50 80 right in there Just a little bounce and my three two will get up to 30 percent Um, anneal, I will let land to know. Yeah, we're still Getting everything situated for sure. So I apologize if if you guys are getting any additional emails Yeah, I appreciate that anneal Yeah, like anybody if you guys If you guys uh There's anything that that seems out of out of place Um, we had a couple people mapped over who were On the wrong membership I think we got everybody And when I say we I think landon got it got everybody Cleaned up, but um, but yeah, let me know if you see anything that doesn't look quite right Yeah, that was the snag can we had when they When they transferred over Some people just got miss Labeled in different two different memberships. So we've just been kind of getting that cleaned up before we officially kind of roll it out Yeah, it's kind of a back end Platform each so we'll still be on discord But it's a it'll it'll have a new like A better experience for watching The videos and the courses as opposed to the videos just posted in it in a discord channel So that'd be cool. And then and then there's some other stuff that we're gonna be able to to roll out to you guys as well I wish we could uh Integrate the streams without zoom, but that's not available yet. Hang on a second. I gotta Reduce my stop close half seven Welcome vital sign. Good to have you Yeah, the am stuff has been Doing very well yeah, we used to uh, we used to stream in Just natively in discord, which was cool But unfortunately they limit it to 50 people So we'd go back to doing that if they Give us more capacity, but Meach started complaining because he got he was like on the outside looking in and He was like knocking on the window and we wouldn't let him in he got mad So he had to switch over to zoom All right, so got my stop reduced and my position size reduced on my three two Still got my one one Which i'm sharing a strike so it looks a little off there, but That's like 25 percent so a little more decay here. I'll be able to reduce my stop upon my one to one Got into that at eight thirty minus 50 cents Yeah, I'll be doing it. I'll be doing some uh Kind of checklists and little videos on the On the new videos soon as soon as we get everything take care of Mix it at 13.71 A couple other things here. I've got a couple of short premium trades in MES This one's hub that hugging the upper call strike This one is pretty well centered both of these have been adjusted some short premium in natty gas It's pretty much break even after adjustments Same thing with corn that one's probably down a little bit after adjustments my rut duck Still a chance to get back down into the duck head. So i'm not doing anything with that yet Vxx we took half of half off yesterday Bounce back up today. So just holding the the remaining piece Might get that contraction tomorrow morning if there's not a big surprise on the core pce price index report or unemployment claims And then friday pre market or not pre market 30 minutes after the market opens ism manufacturing and revised consumer sentiment Uh, yeah, I think that's right the allison I would have to double check Based on the credits that i've gotten on the rolls But I would assume we're pretty close to even if not slightly green Yeah, naughty dog. I think I like that mushroom chicken. It's pretty good Check it out All right, my one-to-ones it's 27. I'm looking for 30 percent to Reduce stop and reduce size Get K. Are you here today? Looks like get K is not gracing us with his presence today So now he doggies do Not a dog. Is that a picture of your dog? You have it's like your actual dog Are you sure it's not your wife's dog? Don't you have a dog like that steve? No, I do not Looks like it looks like that one my wife my wife has a dog like that. Okay. That's what I meant. Well, that's what I meant I have three dogs One of them I do not claim I thought it was a big one that's furry like that as a type of fur He's golden doodle That's what it is Got a golden doodle a lab and then hers is a What is it say have an east poodle or something like that? Yeah, that's right. Uh, Cavalier King Charles They have two Australian shepherds Yeah, those things are cool. Yeah Oh, nice waterman. Yeah, I couldn't Let's you do one contract Yeah, that's a lot of trades for 1,800 bucks 25 10, let's see. What's the difference between those two? Looks better than uh Anything I tested with that. Yeah, I got you. Okay Yeah, I couldn't I couldn't get anything that really tested well in that perspective either but Not quite sure because I just Just looking at the probabilities in the math should have a positive expectancy All right bouncing back up. I needed it to stay Yeah, a little bit. I was a minute again. I was about 20 cents from getting filled on my 20% Of my first one Luga you wouldn't buy a $35,000 dog. What's wrong with you? So I'm putting together kind of the details for this end of day that thing I showed you at the end of yesterday My end of day fly deal So we'll do it today Really nothing to do until about I'll start looking at about 20 minutes till Till the bell I got a really cool name for this strategy, which Some of you are gonna like a lot and some of you are gonna hate Let's stick with that That's all I'm gonna tell you right now Yeah, I would prefer a little down move just to get my profit targets hit I can just Have some smooth sailing the rest of the way Uh, it is not an it is not an animal I'll give you that hint That's it. It's the only hint. I'm at 29% Waiting for 30% Yeah, barring a big move the aga that ndx should Should hit max again By the way, vital sign and anybody else that's new here Uh, just a quick Kind of snapshot of kind of the best place to start if you go to the zero dte course channel You scroll up a little bit. There's a new member zero dte checklist Which kind of lists a few things that I would suggest starting with Um, and then in the trade plans channel, this is every month. I post my trade plan Of exactly what I'll be trading It's got the option to make a back test links if it's a back test strategy And that's all right there in the trade plans channel along with chad's presentation of how he trades As well as some other experience members and that how they trade So those would be the first places I would start so you kind of know what we're doing here Still waiting on a profit target on my two trades here There is one power our Number two 20% That was a straddle. I need a little pullback from my other one Yeah, that's what I need See what's going on in stock land today. Ooh beyond meat at 32% well After earnings Wow Was up a lot more That company's still around Yeah, people still eating fake meat Boeing up almost 3% zoom up to Lemonade was on a big run up to 22 bucks now set Below 16 By do down seven and a half that's your earnings Lift down 5% Bob it down for Google down to Need to pull back 476 million to the sell side is the early indication for the moc So coin base some surprised coin base is not Herocketing higher with bitcoin It was up earlier to at the open it was up. Anyway, yeah, it's still up just a little less than 1% though Oh, yeah Or bitcoin. Yeah, it was up like 5% or something. It's a bit going to only at 5% was up 10 Touched that 65,000 mark and said No, thank you What was the all-time high in bitcoin like 60 like 63? I think I thought it was like 63 something. Yeah 69 69 355 Oh, that's always reassuring. La Sosa. Yeah, mcash. That's because I'm sharing that with another trade So if I go to all my trades So this is the combination of my three two and my one-to-one So I'm sharing a short strike. They're both on the 65 straddle You mean you don't keep your bitcoin in Robin Hood, anneal I heard that was the best place on wall street bet. So I don't know It's the best place to trade options. I heard Prince of Nigeria, he's he's a solid guy He always has your best interest at heart Oh, the old Prince of Nigeria emails those were always fun. I like to I like to go back and have a conversation with them No, mech How dare you Dick K is not a prince. Dick K is the king. Yeah, there you go Get it, right You know those brits and they all they're funny dudes They got a different sense of humor different sense of humor than us americans Need to pull back all right 70 25 minutes to go Having trouble pulling back Yeah, mech there and they're not really even power hour trades. I got them I got into them earlier. It's just what I have left on. So I've got my two re-entries from that challenge portfolio. I've got my one DTE on From the challenge portfolio and then and then I've got my NDX trade on that I put on first thing this morning That's it pull back a little bit more Every one of these live streams is recorded Mukesh Just go to the live stream channel and you'll see the link in there that you can always watch the replays Just a little more little buddy. You can do it Just a little bit more Can't take about five more points down Well, I'm not trying to be greedy like you Chad Just five points. I just I'll take two I'm still Waiting to hit 20% on power hour number one Vic's still coming down though So when we get to about 20 minutes till the bell it's when I start looking at the Price of these at the money butterflies I won't take it unless I can get two bucks at least And I and I like to be in before the market on close number comes out So it's currently trading at bucks 70 So 476 million to the sell side I was going to put on my two five today As well So let me do that really quick. I have any strikes available We're about a four 65 right in there. I'm sorry 50 65 I'm going to go pretty light on this. We've got that pce tomorrow morning, but All right, just posted my two five DTE double calendar in the Calendar channel. Let me just group this trade right quick See I may have gotten close to my 30% when I wasn't watching Still 27 Wants to come down All right reduce my stop on my one to one I want to close half All right, cool Good to go on those now all right, so going back to the The end of day fly that I was telling you about two five dick a two five The Wednesday two five. I think you've done that before I believe Anyway, back to the the end of day fly here. So It's usually when price is right at a strike that it'll get close to starting to get close to two bucks here And it's not even at a strike. So Give it a little bit of time Yep, me each. This is the one that's going to have the name that you're going to love Oh, there we go Out of 20 percent of power number one All right, so we got 15 minutes till the bell. So this is when I Still 476 million to the sell side. It sits right here in between strikes You may not get two bucks You got to get to 70 or 65 come on down I'd prefer 65 All right, I'm going to put my order in on the 65 short put fly At two bucks see if I can get filled There's 20 percent And out of 20 percent of something Our number one It's touching two bucks. No fill yet Come on hit it. It's dancing around two bucks So uh 20 and 40 percent of power hour number one There we go got filled at two bucks So now So this is what it looks like So I mean just just this piece here, you know, if it If it closes above 70 or it closes below 60 I mean you could you could make max profit on this short fly, which I did a 20 lot So it'd be 4 000 the max risk On an exact pin at 65 at the close, which is you know, obviously very hard to do So the my absolute max risk is about 6 000 on this trade But I'm not done yet So then what I want to do is if if price goes up Uh, I'm going to sell a put vertical I'm going to put it I'm going to put it order in for a buck If it goes down, I'm going to buy a call vertical For a buck So then so basically if it so the the kind of the idea here is if If it moves in the last, you know, as soon as I get into my fly if price moves $5 In either direction Most likely that that vertical is going to fill And I'm going to have a guaranteed locked in profit With a potential for a big profit So if we get up to 70 or if we drop down to 60 Just got a 40 power two point 2 billion to the sell side as the moc 1.2 billion to the sell side So not a big number Now if you you know the other thing is you you get into the fly And you get a big moc number You could obviously you know shoot a quick 10 points And being pretty good Pretty good position So sometimes I'll wait to enter the vertical because I don't you know, I don't want to because the vertical is essentially Essentially what if you remember I got into the fly for $2 credit Let me just put this up here so you can kind of see it So that's the call So here's the here's the fly If it goes up $5 and I get filled for a dollar on the put vertical Those combined together look would look like this So I would lock in and this is a a 20 lot So I'd lock in a guaranteed profit of 2000 and then if it hit that and then went down You know, I have you I have more potential profit up to 12,000 if it went below 60 And then on the other side if it goes down $5 and my call vertical gets filled at a buck I'm I'm locked in I'm guaranteed 2000 But then if it bounces after that and goes above 70 I could make as much as 12,000 So that's the that's the idea. You just want a five-point move in one direction in the last, you know I have to get into the fly out of 60% Our our number one somehow Yeah, mrp. So I sold the butterfly for a $2 credit, right? and so I had and then I have a I have a uh, let's just put these at one lots to make it easier So I sold the I sold the butterfly for a $2 credit. So that's 200 bucks, right? Is the max profit on either direction? And then I have an order to buy a vertical for a buck So my net profit would be a buck or a hundred dollars, right? So if if one of the verticals hits I'd have a guaranteed profit minimum of 100 or maximum of 600 Either way if either one of them hit Now if it doesn't move five dollars Then I can either risk it You know and hope it closes outside the break evens and just you know, hope it doesn't pin But that obviously comes into position sizing as well, right? You know, I'm willing to take a $6,000 risk, but it's not going to pin Or you could also, you know, adjust the price of your verticals So, you know, you're not locking in a full dollar profit But if you lock in anything up to two dollars, you're guaranteed a profit So those are currently, you know, one one's trading it A little over three bucks. The other one's trading at four bucks. It's coming down. So my So my call vertical is getting cheaper If it gets down close to 60 it it'll fill for a buck I got stopped on power hour number Two after booking 40 percent So I'm out of everything Yeah, just let it all expire tomorrow. I'm not doing it with a bot naughty dog. I just manually entered Minus one thousand today on the nose Oh, well, you should be able to see it on the on the dashboard Just like I look at all my positions here So just click the click the trade steward logo in the upper left hand corner and then scroll below the chart That's what that's where all your open positions are Oh, no That's wrong Put that in So my so my brother he doesn't really trade that much anymore. He he was just doing the Just the fly piece and then I I don't know if you guys some of you were on here. I'm sure but I ended up spending about 12 hours on toss on demand one weekend Kind of working through different things like this and that's where I came up with the the vertical piece If it closes five points away from your You know, you're the point of your butterfly that the long strike You are uh, you know, you can book max profit on that fly But I like the idea of Putting my vertical in for a buck and that way if it just if it swings five points away, it'll hit What did I just get filled on? Oh, my one dte booked almost 20 percent, you know, so now my put vertical is getting cheaper This price is moving up. Yeah, the fly can be on either side I got stopped out right at the bottom of that Last five minute bar and then it just bounced and would have been almost a pin I always have a vertical on both sides. So I have a I have an order in for a call vertical and a in for put vertical So if it's going up towards 70 my put vertical is going to get close to a buck It's going the other way my call vertical would get close to a buck So I do the butterfly and you can do it either on the put or the call side and then I put in both verticals one on the put side one on the call side Yeah, one to one same number of contracts on the Fly in the vertical All right, so we got we got two minutes left And you know, we haven't we haven't made a move of at least five points away yet. So my neither verticals happen. So Neither vertical is hit Oh my ndx filled at 20 cents Look at that nice Usually it doesn't fill usually just expires Yeah, so morrow Pop quiz what would happen if both verticals filled? Oh, and then we go so I got filled on my uh Put vertical because I got it almost five points away. Yeah, you're locked in profit So So I got filled on the put vertical So it looks like this times 20 So I'm I've locked in a $2,000 profit Now if it closes anywhere below 65 I can make more than 2,000 if it closes below 50 60 I'll make 12 grand Not very likely but could happen Yeah, so going back to what morrow said, well, what if both verticals filled then I'd be locked I'd be locked in at a $10,000 profit So if this thing swing back down to 60 my other Dollar vertical would fill Which you know in this case, I'm just going to cancel it but If I forgot to and it did fill I'd I'd lock in 10 grand All right, so there's the bell So I made I made 2 grand so Here is the uh Yeah, so I I sold a I sold the put butterfly and got filled on the put vertical So the you know one of the strikes got canceled out, but The net net is That's why I put it on here with the with the orders so you could see So the net net is plus 2,000 Yeah, not really not really a great strategy for bots I mean you want to have a little bit of flexibility. I I mean I'm not going to do this if I'm not at the computer anyway, but So it's not it's not a back test driven strategy, but Kind of cool Um, yeah, but I'll have I'll have more details on it I'll kind of spell out the exact criteria and stuff like that But at least you guys kind of got a little bit of an idea of what I'm doing and Kind of play around with it paper trade it Um, all right my friends so tomorrow Is the 29th So chat will be streaming live in the morning for the mighty 90 runners at the open And then we will be back again for power hour All right, I'll take care. Have a good night