 Good morning everyone and happy new year. It's January 2nd, 2024 First day of trading for the new year, so I'm excited to get back into it woke up today to the markets In the red though, we'll have to see How that all plays out we got Krish back in the group. All right 2023 was good for our Man, I've been fighting the cold since mid-November like my voice has been like this like I feel fine, but Just can't get my voice back. I don't know. It's Like this happens to me every year. I guess get some sinus issues come winter. So the voice has been a little crackly lately Actually not lately about a month. Yeah, it's That's a good idea. I do have some honey too. I could do that So I was I hope you've all had a chance to review my yearly recap Really happy the mighty 90 was just outstanding 73% win percentage and definitely I definitely think one thing that contributed to it was My ability to not look at my P and L When it goes bad and then being able to add to it When I'm down So position sizing appropriately so that I could add to it. I think was really key So look to continue the mighty 90 winning ways in 2024 The Dow is currently down to 24 and there's the bell NASDAQ futures down 178 In S&P futures down 36 so I'm interested to see if today if on this first day Keep in mind, you know the markets have been Close to some all-time highs, but I'm interested to see if It doesn't bounce back here today or if it stays weak Vix is up You see here almost 12% So will the markets continue to come down today or will they bounce back as Training is now open Might be a good idea To be a little cautious as the year starts here I Also posted for anybody new Kind of way I ended my 2023 with my buying power used So the last few months I kind of got to where I was 2500 or up for a medium position whereas I began last year with about 2500 and below actually about 2000 and below as a small as a medium position So now that will become my small position size Riot blockchain was up over 10% in the pre-market Coming down now Tesla reported 485,000 deliveries in the fourth quarter of 2023. I saw that this morning here Tesla currently one of the only ones in the green Apple down big Might be a good time to buy some Apple shares and hold them also if you're new make sure you use the discord day trading chat channel Do not use the zoom chat So that's something I monitor and it's kind of that way for what it is that way for the When Steve is doing the zero DT live as well. He doesn't monitor the zoom chat. So we're getting a few Stocks pushing up but several still pushing down Vixx is coming down though. It opened up. It was up over 14 now it's down to 13.77 Amazon has now gone in the red as well. So things are a fallen the Dow is pushing up Nice push up with the Dow NASDAQ getting weaker down over 1% and S&P coming up just slightly So we'll have to see what happens here with our second volume bar imagine this push down is Good welcome for the zero DTE iron condor. I'll wait a bit here and see if S&P kind of levels out although it didn't push up as much as the Dow did And it did not that's not falling as much as the NASDAQ did also if you're new You can welcome I will be calling out the strikes. I'm just buying puts and calls buying calls when I'm long Puts when I'm short and I'll be calling out the strikes. It's up to you whether you want to take the trades I do or not You know, you don't have to take everything that I take And there's times where I don't take things that maybe you want to take and Also one something that's very important is you don't always have to get my fill So, you know if I say I got filled it 425 I'd say probably 50% of the time people Don't get as good a fill as me and sometimes 50% of time you they get better better fills So it all balances out. I always tell people if you want to get in You know, and I got filled and you haven't gotten filled at that price just Adjust a ticker to you and get yourself filled Walmart with a nice push up and target NASDAQ really falling down 189 points there might be some opportunity to get To buy some Tech stocks and hold them Checking for a big volume bar bigger than the previous one and and in the same direction Yeah, I was just looking at Nvidia was looking at Baidu as well By these flipping back and forth Got a little over a minute Roku as well You can what they look like here and Think or swim Roku just flipped green S&P coming down past opening lows So in video, I'd like to see it push down some more. I Don't think it's gonna get there anyway. It's 30 seconds left here on this bar So nothing nothing I'm too wild about here beyond meet Don't even have beyond on here anymore stock got so That's so low if you want a Lower price stock. It definitely is a downside by murder Yeah, I'm gonna I'm gonna take one, but I'm gonna wait here waiting a little bit Probably gonna wait until another maybe another 10 minutes or so and see what's doing What I'm trying to avoid here is like what the NASDAQ is doing in giving me this big old push out of the gates See if it kind of evens itself out. Wow NASDAQ down 220 There being these kind of holding on like it wants to not drop with the rest of these Yeah, beyond me. Definitely if you want a smaller stock Walmart not fazed by this push down So I'll be looking for a mighty 90 now And I'm really wanting to see a distinct separation of volume With the current the current bar being bigger than the previous in the same direction Not just a little bit Bigger than it like I'm looking for some significant difference in the size So far it appears we're just getting Some stair stepping down and bar which isn't always it's not what we want Mighty 90 we want a volume pop Volume bar big like like what zoom looks like now Some distinct separation Definitely wanted having if it's a Mighty 90 long we want it to push down through loads of day Zooms looking more like it's gonna get a big volume bar to be a volume downside volume runner over a mighty 90 long right now But if it was to end right now, that's this what I like to see Win also not fazed one bit. That's look getting crushed Amazon coming down. You know it zoom what it's Options are looking like Now it traded a while because it's been so small Doesn't look like it's gonna get a big volume bar anyway. It's like it's gonna get a mighty 90 But it's already popped up We are trading the three days to expiration option chain calls are 13 cents wine Yeah, I'll win Upside volume runner so if it comes down here closer to this pivot I can look at getting Long but I wouldn't get long into it pulled back pretty good Square we check square over here. Yeah square with a downside volume runner So if it pops up kind of like to this pivot I definitely would be interesting getting in but I got there and toss take a look at it and toss Chris Yeah, I pretty much always check both nowadays for volume runners Let's check thinkorswim unless it's just obvious Zero pullback or I'm sorry zero bounce right now in square. So I'm not in anything yet Vix up over 12% Yeah, but Not at this moment because it's already bounced the Amazon Yeah, Roku looks like it's gonna get there. Definitely Yeah, Roku definitely there. We'll see if it pops up here a little bit. No bouncing square And that's back down 253 I Roku popping up a little bit. So I would trade the 90 puts I was trying to get filled at 235 and then it's just went Did not stay up very very long now, it's just falling that square I mean no bouncing square at all either again. We're in at 235 for Roku on the 90 puts I'll leave it there for a minute and pop it up a little bit here Will it get me filled Filled at 235 Here's a situation where we might get a better filled than I did. Yeah, you will you would It's kind of what I was talking about. This is ideally the best place to get in right here at this pivot. Wow, what a reversal That's amazing Look at that That's not the first it's not not ideal setup or not ideal first volume runner of the year I can tell you that I'm gonna add to it Fill it to 12 so Your exit on a volume runner is if it goes higher than the price point where it started with the big volume bar So it's kind of right at my exit right there. So I'm gonna give it This bar here and see if it reverses and if it finish see it's pushed barely pushed above it. So My question is By the time this bar closes Will it have come back down or will it have stayed above there? So I will hold on to it if it comes back down and finishes blow it if it finishes above here Then I will close it. See, I mean you look at look at all the rest of these NVIDIA Netflix Microsoft Meta Amazon they're all pushing down and Roku's volume bar in thinkorswim is big too. So It's definitely correct here, but I don't want to panic Square popped up a little bit here as well I could have got in right there See square I'm jumping here quick 75 74 puts came back down never mind Came back down too quick. So Roku I Would close half at 235, which was my original entry. Yeah, I was close to getting filled there. I was gonna get it Build a 235 So a good add in Roku Yeah, I wish I would have gotten in square right up there, too Darn it. Wow. Meta falling. Yeah, I really wanted square and I Kind of saw it late as it was starting to pull back a little bit You know, I didn't push like like Roku did So I went to jump in as soon as I tried to jump in it just Really came down Unfortunate you can see meta, you know People might sometimes think this is a mighty 90 yet. I like it to be a little more separation than that I would close another Roku at 255 Man, Amazon falling Meta still falling Netflix still falling NASDAQ down to 80 build a 240 to for a 255 sorry, so good Add on Roku nice push down here. I want a bloody day so far So now's the time where you maybe can start looking for some continuation runners as well What do you mean by target price bumblebee? popping back up When do we get completely out? Well, we we we get out I just we scale out. I mean there isn't a target price for getting out I got a volume runner like you you scale out as it continues to fall or you get out Where your exit is which is what I was talking about earlier. So Remember I was saying I Would bail on it if it didn't if it pushed and stayed above this point here So otherwise you're just scaling out as it continues to go down there's not like a Set price As it goes down in your favor. I just scale out every 10% So Roku Popping back up, which I don't like to see So we're gonna be getting a new bar right now And it's kind of right at that part where it got forced down once already Some people might even choose to reload when it's up here I'm not going to but I'm DK and G through highs of day. Wow So this is kind of what I was talking about when the bell opened You know, I was like, yeah, I was interested in okay Is this gonna continue lower or we eventually gonna see a rebound here today and Definitely continue lower out of the gates But now there are some stocks flirting with going through highs of day. So I'm gonna cut my Roku because It's past that point right now a little to the dollar 95. So man Was an interesting volume runner to start 2024 but this is a good example bumblebee of instead of What's our target price? That's like, where do we get out? Okay, so we get out when it goes above this point, right? Or where the big volume bar is the start of the price Otherwise if it never gets there, we just continue to scale out as it goes lower Roku It was kind of flirting with a big volume bar right here too as big as the first So now's the time where it's like, okay Are we gonna we got a little bit of a bounce is Netflix gonna roll over at this pivot? Or is it gonna continue to push I've always said the hardest days to trade are the ones where you get a big push out of the gate and Then it reverses and you get an equal big push and big push down big push up Because you get no fill for the direction. I'm thinking Netflix is gonna roll back over So I'm gonna take a downside continuation runner in Netflix 475 puts Built at 575 So I just jumped in and you know, you might wait until it pushes back up to this pivot if you want To get maybe a better fill than I got I was aggressive in getting in So where would my exit be? So my exit would be if it pushes through this pivot Then I would exit so to me it becomes a low risk trade If you can get filled right up at this pivot Because it might just sit here for a little bit It might push through at the end and you're like, okay. I'm cutting it. So you're taking the risk of it You're wanting it to roll over But if it doesn't it should turn into a small loser Yeah, but I don't if you heard me say I don't like those mighty 90s right there Like there isn't much volume separation. I even commented on that us I was like This isn't something I really like where it's I like it when there's more distinct separation You must mean Netflix Chris right. You said bad fill in Roku at 585 You met Netflix. Yeah, so here here, you know, it hit me push right back up to this pivot But as long as it doesn't go through the pivot, I'm gonna stay in it But once it pushes through the pivot, okay, I'm out for the continuation runner What you really want to see is roll over right here Or if it gives another green bar, it's a real small one just like this second one here and see DK and G Although it's a tight range It's actually above highs of day see Airbnb Push down and this is actually a little bit better mighty 90 than that meta one Airbnb and I've got an order in at 6 35 to close half my Netflix Castle is kind of trying to get right up to where it opened But it's struggling to push through Sometimes people miss the fills. You know, they miss my film. They're like, okay, I missed it. I'm not getting in But here's an opportunity where you could have got a better feel to me even five minutes later Now you could probably get in for 565 now where I got in at 575 as that futures down 258 Dow And that was only down 53 points Roku starting to approach Where it opened? AMD staying weak. You see how it kind of pushed up to this pivot Now it looks like it wants to push through lows a day Apple looking at producing its fourth green bar in a row. So again, this is kind of a tough trading day here The first day of 2024 Here's meta you can see how it pushed up to that pivot And now it's starting to roll over. So that's what we would want us to have seen here in Netflix So hopefully that gives you a good example of a continuation runner to the downside Roku having trouble pushing through where it opened it same as Tesla So I'm thinking maybe it's gonna Things are gonna get weak again I mean for things to get stronger, you're gonna have to see some some of these stocks pushing through Highs of day. Yeah, so you look at Boeing two green bars rolled over Netflix coming up to this pivot So I'm gonna keep close eye on it So it never got above it. So this will probably be the the bar that gives us The answer of which way it's headed is it gonna push above through it or is it gonna roll over? Roku is the same thing. Is it gonna push through it or is it gonna roll over? Really not seeing anything else I want to jump into right now. So kind of a slow trading day even though there's been some Pretty decent price movement Yeah, I mean, that's why You just continue to hold until you know, you stay mechanical Don't freak out if you get down in it a little bit. Yes. He wrote who couldn't couldn't break through Amazon will two bar and then roll over Boeing through those of day. That's what we need Netflix to do DK and G got forced back down So my initial assumption is gonna be that things are gonna stay weak today at least At the time being and there are some things coming down and Netflix is just not coming down with him though I got out of half my Got a half my iron condor Yeah, Tesla trying to hold on Stays like this so you can learn a lot about price movement. Yeah. Yeah, I did an iron condor at 848 it wasn't the best. I didn't get I got filled at 555 And I just got a half at 440 here I'll post it a lot of times. I don't know if I'm in live streaming I don't post it in the live chat channel because I'm too busy watching Oops, hold on You guys when we start posting it in the day trading chat channel, it's probably a little bit easier for me to do No, I'm not on bot. Nope There's my Open in my out of half I'm gonna bail if it goes through the pivot. I mean you got roadblocks through loads of day bowing through loads of day Roku coming down meta meta not able to get through that pivot Again, I got an order and it's 635 to get out of half of Netflix price price movement Closer Phil what Netflix? I've got a got an order to close half at 635, you know price range has definitely tightened up on a lot of these stocks. Look at Nvidia And Netflix hasn't moved more than about a point Last 25 minutes, so there may be a little consolidation happening before it falls again Yeah, a lot of them have though. I mean same thing. I mean look at the range in meta to 343 dollar stock and it's Like less than a point as well So appears to be having a little consolidation going on Microsoft's trying to Keep up there by that pivot Build a 635 So out of half of my Tesla. I mean Netflix. I'm sorry my Netflix didn't get filled, huh? I bet you get filled here in a sec Sometimes if that happens to me, I'll just adjust to a tick. So like 630 in this case It also depends on how much time is left in the bar where it's going Now it looks like it wants to pop back up and bowing falling So minimal price movement here last 30 minutes I'm using toss Does it roblox through lows by dues coming back down to lows Baba? Square Bowing isn't really slowed down. I can tell you that I bet you still get filled though Amazon down to lows 6.15, huh? Man, it's sitting at 625 to 630 Mid mid rate mid is 625 right now. That's your what to think here price movement is just Minute at the moment which doesn't go well for strategy strategies Tesla's in the green target Walmart Disney in the green JPM in the green Dallas down 47 S&P down 35 And yeah, I mean I might bail on my Netflix here, too It's just not going anywhere. I'll give it this bar and see what it does It dows coming up to highs of day cost goes bleeding lower By do think it wants to get down to lows of day Baba pushing maybe through lows of day Paypal up to highs of day Disney through highs of day and not a bad idea Although it still doesn't look like it wants to push up very bad, but it's not really going anywhere either Just hasn't really been a good mighty 90 today Tesla back up to where market opened Can it push through? See a bumblebee and it's not a ton of action here today That is for sure. I would close another Netflix at 690 now that it could ever get it'll get down there though Here's like it wants to chop. Yeah, PayPal through highs of day Huh? Tesla Oh, look out. Look out Tesla. Is it gonna get forced down or is it gonna push through highs? It's trying to get through highs at the moment. It just got through highs Interesting Netflix though still struggling a bit Tesla stay up there If it's pushed down right now, it's all for not and anything else Slow morning Walmart trying to get through highs of day man Kind of disappointing day As we're looking forward to get back into the swing of things been like two trades today Meta looks like it wants to go through lows of day So far so good on Netflix Meta push through lows Build at 690 in Netflix Close a quarter We got two Netflix left Yeah, it looks like Tesla was all for not so here's an interesting decision sometimes you have to make Okay, so net Netflix came down And bounced right here, so now it's coming down to where that bounce started so I'm going to see if it pushes through it If it looks like it wants to bounce again and kind of do this again Then I will bail and it looks like I want to go through lows Sometimes that's just a decision you have to make Amazon looks like it wants to come through lows as well PayPal coming back down Nasdaq back down 270 I've got an order at 750 to close another Netflix when we might have got our answer looks like things are gonna stay weak today They what though the Dow? It's it's it's holding on That's next trying to push through lows only two trades for me today. It's a bummer Yeah, Meadow have been another good downside continuation runners that came up to this pivot very similar to Netflix, but it is Pushed wealth through the lows of day, which is what you want. I wanted to see a Netflix here Netflix down over 3% Meta down three and a half percent So meta and Netflix very similar. I chose Netflix Yeah, Apple coming back down looks like maybe it wants to push through lows as well Yeah, I know it's real good. I mean that's I've So I was talking about earlier. It's so hard to trade these strategies when you have a push down push up push down push up There's no consistency. I mean it got right up to where the price opened today at 830 central And just got forced right back down and see Tesla pushed up Tried to get through highs and just got forced right back down. Take a look at square, huh? See I was looking to get in short square too, huh? Pushed up. So a lot of good examples of continuation runners to the downside today. I look at DK and G Really fell DK and G actually went through highs of day and then got forced down just can't get Netflix to push through lows So I could be frustrating when you see everything else pushing lows of day. Well, I don't think I'm gonna get in anything else and if I see a If it gives a green bar here, Netflix and then looks like it's gonna give another green bar I'm gonna bounce out of it If it gives a green bar and then it turns over and rolls over kind of like Amazon's looking like Then I will hold but if it gives me any of this two bar push up It's just not worth it because it's such a tight range so I Will post my out in the day trades channel. I want it to look like Apple how that's falling through So I'll let this bar close see what the next one does and then make my decision. So I Will be back tomorrow. So I'll see everybody tomorrow. Hopefully we can get more trades on tomorrow than we did today So we'll see you then. Peace