 Hey everyone, welcome to this week's video update today is Saturday, January 13th. Hope everybody had a good week of trading Take a quick look at the markets and then we'll jump into the trades for the week So obviously last week was a pretty decent red week S&P got it almost all back this week Monday was a huge up day Tuesday kind of choppy Wednesday another push higher Thursday. We had CPI pre-market Looked like the market was going to continue to head lower and then it bounced back Cancel crash Everything's fine Nevermind inflation is not as bad as we thought bounced up and then Friday pre-market PPI just kind of chopped around so got back most of what we Lost last week Up week for the Nasdaq as well Russell was a little bit weaker Just kind of choppy sideways and then same with the Dow if we look at the S&P from the index standpoint all-time highs 4818 we're currently at 4783 so I got to imagine those all-time highs are going to be taking taking out Pretty shortly if we look at the Nasdaq We already hit all-time highs last week Or two weeks ago right before the end of 2023 hovering just below that Rut is far from its all-time highs Which it hit back in the at the end of 2020? excuse me end of 2021 and We're so we're a far far ways off there and then Dow Jones also hit a new all-time high on Friday before selling off So looking for continued strength in the markets gold It was kind of choppy had a big a little bit of a bid Thursday and Friday silver big update on Friday to close stronger Bonds grinded a little bit higher notes decent push higher 10-year yield kind of the inverse of the ZN that was a little bit lower for the week Oil had a big push-up on Friday and then gave it all back. Natty gas continues to be strong, which If that's an indication of where I live it is cold. So Natty gas pushing higher. In fact My weather app says for the chiefs game tonight negative 34 degrees with wind chill during the game. So that'll be fun The dolphins, you know, they're they're from Miami. They're not gonna know what to expect with that kind of cold weather So that bodes well for us. I think Soybeans big push lower and then big bounce So that may be some capitulation to the For you know, kind of the end of this down move in soybeans. We'll see I'm gonna take a bullish position in soybeans Corn kind of same thing a little flush and then bounce Euro sideways pound sideways and Bitcoin on the heels of the ETF spot ETF Approvals from the SEC pretty decent sell-off classic kind of buy the rumor Sell the news type situation in Bitcoin I am a long-term holder in crypto and you'll see, you know, Ethereum After the Bitcoin approvals it shot up with the anticipation that hey Ethereum might be next Gensler came out and was pretty clear that that's not going to happen, but he also said that about Bitcoin So we'll see what happens there really from a more importantly from a trader's perspective I just hope that a couple of these Bitcoin ETFs Are very actively traded in the options market anytime we can get additional symbols that are tradable from an options perspective. I am all about it. So That's the quick look at the markets. Let's take a look at my trade. So kind of a bloodbath this week I'm not gonna lie. It was not fun Specifically Monday, you know, so here's a here's a look at Monday January 8th, so this was my Monday Not what I wanted to see in the first full trading week of January. You can see my power hour Was a little bit green About plus 500 on power hour and everything else was red red red red Which you know with with Mondays Mondays are my favorite trading day of the week Monday is the day that I position size and create exposure much bigger than any other day of the week and You know, I probably got a little bit lulled to sleep by the Monday effect You know Monday, I got a load up and it really hit me this Monday. So unfortunately Pretty bloody on Monday Tuesday was a decent little bounce back Let's see. Here's Tuesday right here The ninth so that would be down to here So up about you know got back about eight grand of it on Tuesday and then Wednesday came back and Hit me again So Wednesday here's Wednesday the 10th So you can see had some pretty decent losses. This one here is a $9,000 loss Had some massive slippage on that one. That's that full loss on that trade is typically about 6,000 got hit for about 9k on that one. So that didn't feel good And then Thursday and Friday bounce back and profitable But still for these are all my zero DTE trades minus 28k for the week So not the way I wanted to start my first full week in January. By the way next week another short week MLK holiday on Monday market is closed So another short week of trading next week. All right, so that's zero DTE Let's see Dynamic butterflies just a time fly was closed small loser on that one Dynamic butterflies or excuse me dynamic calendars Let me get all these checked. It was a red week in calendars as well first full week, you know, I kind of got back into Full exposure full position size mode and a little bit more Looking for a good week in calendar. It started off really well, you know a lot of the calendars I put on Friday Popped off some nice profits on Monday and then When the move just kept going and going and going higher and it take ended up taking some sizable losses So red week in calendars as well about minus 5k Very light on calendars going into next week because it is a holiday shortened weekend excuse me a holiday shortened week Calendars tend to not perform nearly as well, but I still did some just kept my position size pretty light You know the MLK holiday shortened week won't be the same as like Christmas or New Year's or Thanksgiving But you still want to stay a little bit light or not trade at all Iron ducks just had one open. I believe yeah, no closing trades in the ducks options selling Couple winners here booked a on some short premium booked a winner in gold for about 1300 and Natty gas for about 400 and then lastly My portfolio Margin trades, I think I just had one winner one loser here if I recall correctly Just get all these checked make sure that we got them all Yeah, so booked a reverse or a loss on a reverse vertigo and then booked a winner on a Flying Humpty so pretty much a scratch on a portfolio margin So that's it for the week again Monday holiday clothes short week Hopefully a little bounce back in P&L for next week. Everybody. Have a good weekend. Talk to you soon