 In this video, John and myself will be breaking down the biggest opportunity of the month where you could have made an easy six figure trade using option or even just the stock. So as usual, all the best tools will be linked in description. Don't forget to check that out. Let's get right in. But for me, price is the only thing that matters. That's just the way I trade. Knowing that there's a catalyst is important. You know, and as we saw from the MSDR trade, just because price doesn't confirm your thesis right away, there's always a second opportunity on a larger time frame. You just have to wait for price to consolidate and tighten before you get that continuation move or the setup for continuation move. And for me, that's what would have happened on the five or the 15 minute chart. If I was at my desk that day. Yeah, that's kind of unfortunate. So for me, what I did is I took the trade, which was the it's an NYC stock. So the open was delayed. It came at around, I don't know, 931, 932. So I took as soon as we open and I saw NYC on the level two, I got short just because the prints were all going down. And I was thinking that in the pre-market, I tried it also here, but liquidity was so bad. And I knew that if there's any big player that wants to get out of this, there was no chance with that little liquidity in the pre-market. So it had to be done mainly at the open, which I thought with that type of catalyst, I was looking at the report that came out somewhere here. Seems really bad compared to most. A lot of reports are sometimes very fluffy. And you know, there was a nice little pop on the open. And I thought that when we got this down move, it was just a good way to enter versus I would say just 98 playing very, very tight on it that if it's bad, it should go down right away. And it was something very unique about this one is how directional it was. It was very perfect in terms of trades. And this might not look like a big move because we know it made such an even bigger move, but we can really see that it's somewhere between 97 and even if you cover it around the 86, it's a big trade. It's a very, very nice trade. And I was pretty happy with it. And I haven't been trading well. So when we saw this chop, I decided to just leave it off screen thinking that it wasn't really going to do much. It's already down quite a lot from 105 to 84. And I wasn't tracking it. And I think that's where being a higher time frame trader like you are with is always, it's always interesting because you also are you often I would say miss the initial move or miss is a quote unquote initial move. But you're always there when the stock makes the big move. It's counterintuitive. And it's pretty interesting. So when we come to the higher time frame or even this trade, would you consider taking the open trade on this? Or you would rather just for a bigger setup? Just because I'm a higher time frame trader doesn't mean I can I'll take trades if there's a good pre market base. I just don't see a good pre market base here. And we've talked about other trades where there's been a good pre market base, and then I'll get long or short based on the direction basically, using the pre market action. But you want like you said, you want to see more volume, you want to see that there's significant price action and people playing with the stock in the pre market. And, you know, maybe you could maybe I would short 94s on that on that after the NYC opens, after that first candle, but you're risking four bucks, right? And, you know, I believe in the measured move, and I don't like to use a measured move thesis here, with such low with such low volume in the in the pre market. But that's kind of how if I was going to trade a base, that's the base that I would use basically 94 by 98. Because you have to risk, you know, you have to to to size yourself so you can risk properly. So I'd probably use I probably wouldn't use that candle, I probably use the high of the candle where yeah, just because that's when NYC opened. So that's why I would use that one. So you know, you're risking three and a half bucks. It's down it's down $10 on the day. You know, if you look at the daily really quickly, it's kind of in a free fall. Right? It was kind of you know, the daily was very weak as it is. So maybe you have those two spots. But you know, that's going back far, you know, that's going back pretty far on the chart. And being being that's a name that was, you know, watching the level two was really thin. You know, I probably wouldn't I probably wouldn't trade that opening drive. That's what I would expect, expect from you pretty much as an answer. You know, this was a good trade. But once again, as the MSTR, I think trading this with with option was really the play and probably not for the initial move. Just because we have a gap down the premium is going to be pretty, pretty random at this point, it might just be really jacked on one and then getting crushed on the other depending on what the price action does. But how would you think the real trade was or how would you maximize this opportunity in a sense? Now, if you were at your desk first, that would have been if you go back to go back to the five minute real quick, right? So now anyone who's watched our videos knows that I'm a believer in the measured move. So basically, the stock opened at 100 and trades down to 83. So you're looking at a seven, you know, basically a $16 move. So and so the difference with this is is the base here happens a little bit higher than the low of the day, right? So I would say that the base is really that 90 to 8750 area. And I would instead of drawing a horizontal line, I would draw a diagonal line in this case. Like a wedge? Yeah, kind of like a wedge. And it's not my normal trade, but that's just what sets up, right? And you're, you know, it's sometimes it's going to be a wedge. Sometimes it's going to be a perfect little flag. Sometimes it's a rectangle. But that's how I would kind of set up the trade, just because those tight candles were failing at view up. So if you're not comfortable with that wedge, I'm not as comfortable with wedges as like the flag as a perfect flag. So I'm going to risk like half half are probably there, maybe three quarters are. And then maybe I'm adding another quarter R when it breaks that that mid tier low, right? Those three wicks that say 88. Yep. So then I'm going to add another a little another piece of risk there. And then depending on what I see happen at the low of the day, I'll probably cover some into the low of the day. And then and then you see that you get two or three tight five minute candles there. I'm probably adding back that risk when that happens. And the reason for that is just because of that measure move thesis. So if you draw the rectangle, if you bring that rectangle down from the original move, you're looking for a move into the 70s, right? Yeah, around the 74. Yeah. And so the big thing about this is like no one could ever predict it was going to go this make this huge move, right? And, you know, you can see some really big options flow really come in when at that at that flag, at the low of the day on the five minute 85, right around 1130. Yep. The two five minute can't those two green five minute candles like 1130. We spoke about this like a bunch of huge options trades came in buying, buying puts basically out of the money puts. And, you know, that's that could be that's the extra conviction that you have to get more size or put on more risk or make the trade with options. Looking for that move into the low 70s. Sorry for the interruption. But as usual, if you enjoyed the video, like and subscribe. I also did link all the best tools for day trading in the description. Don't forget to check that out. Let's get back to the video. One of the one of the trailing strategies that we've talked about is just a simple five minute candle, high break. And you don't get it, right? You just you don't really get it at any point. Maybe maybe the 80. You can cover some there. But just look at that that blue moving average you have, which is probably I think the eight or the nine, maybe the 10. Yeah, it's the 10. Yeah. But just look how it just hugs it doesn't it never even tests it. There's a price action. It just it's tight controlled price action where there's no it doesn't give the stocks not telling you that you that you need to or should be taking profit. It doesn't really start picking up speed until that 76 to 70 move.