 Good morning. Good morning. Good morning. It's time to rise and shine. Good morning. Good morning. Good morning I hope you're feeling fine. Good morning. Get up. Get out of bed. It's time to wake up. You sleepyhead Gup is a brand new day and we can't miss out on that day to decay Get your day planned out to be at your best and you got to make sure you got the right back test like this Sleep away make sure you're awake cuz we don't have time for fat finger mistakes and ratio condo Good morning. Happy Friday everyone today is the first day of March We've got the S&P unchanged NASDAQ up 850 Russell up six and a half Dow down 40 Golden silver slightly green notes and bonds slightly red 10 year yield up a quarter percent Oil up one and a half percent now to guest on one and a half percent Grains a little bit mixed euro and the pound Slightly green Bitcoin up three-quarters of a percent hanging out a little above 63,000 VIX at 13.29 so with the VIX contracting Looks like a day for Rick. We've also got a boatload of FOMC members today talking about what they do talking about talking 9 15 a.m. These are all central time 9 15 a.m. So in about 45 minutes Waller 9 50 a.m. Bostick 12 30 p.m. daily To 2 30 p.m. Cougler Cougler So hey Steve, I got a question for you. Yep So these Fed speakers, you know, we talked about this a lot recently Did they always like I'd never paid attention to them and except for those FOMC days where they have their you know That we have their meetings and then usually drone power speaks that's you know That's one time I really ever paid attention to it Do they has there always been this main speakers throughout the month? Well, you know, I mean with when interest rates were just dead flat low for a while It you know, it wasn't that really big of a deal But then when interest rates started going up and there's more anticipation around the meetings I think it put a little bit more weight on them. And so basically what happens is after the You know Fed decision comes out the main FOMC meeting then following that is You know for week, you know, usually a few two three weeks You'll see these Fed speakers and I think it's just a I think it's just a payout for them They have all these. Yeah, I just that pay them to come talk and yeah So it's it's definitely become more of an issue more of a thing than it used to be. Okay. That's what I wanted. Yep but It is what it is All right, so we got the ring opening bell here in five seconds So I'll be entering a Rick. I'm gonna do my early Rick and late Rick Just go half position size on each I'm actually gonna do it in my Trader your account because I've got some strikes on another position They're kind of in my way. So I'll do this this This what am I doing here selling that one? There we go. I don't know what I was doing wrong User error just trading for about 12 85 Well, 80, I have filled it 12 80. All right, so there's my Rick my early Rick And then I'll do a late Rick as well. And then I got filled on my Indie X My daily Indie X play got filled on that at 453 So max profits 884 max loss is 1116 Expected move in Indie X today one oh six point six approximately so I said my price slices at my breakeven. We've got on Indie X approximate Upsize 18 176 should be about right here on the downside 17962 should be about right here so pretty normal covers vast majority of the expected move for the day. Yeah, so my shorts are on a The 980 puts and the 160 calls and then SPX expected move Anybody catch the expected move in SPX at the open. I had it. I think it was 25 25 I looked at about well 30 minutes ago. Yeah, I thought it was low as 23 Yeah, this might have been like 8 a.m. What I looked yeah, so about 23. Oh, yeah, Krish always posted Yeah, Maro, but what you see is not always what you get filled that On the Indie X as you know Create a duplicate order to see what it's trading at right now, but I'm sure what's going on Okay, I got filled at 453. No, I always go 25 Delta SPX little bounce little pullback So I got filled on my Rick at 1280 So that's 1730 would be my exit I was just something dark vendor. I've been experimenting with I may start increasing my size Just want to let it play out for a while. No need to jump in with big size right away Unless you're a baller like yourself dark Avenger Especially on a day like today when we got a bunch of fed heads popping off at the mouth I was actually thinking about that today. I'll probably go bigger on it on Monday Monday, there's no news. I Like those we might have a normal Monday Like a normal Monday. Yeah, that would be nice Let's see Next week Yeah, so nothing on Monday Tuesday 30 minutes after the market opens ISM services PMI Wednesday, we've got pre-market ADP non-farm employment change 30 minutes after the market opens we got bed chair pal testifies and jolts Due to testify about the semi-annual monetary policy report Before the house financial services committee in Washington, DC So Wednesday could be a little little sloppy And beige book that afternoon at 1 p.m. Thursday unemployment claims pre-market 30 minutes after the market opens pal still testifying Mester later that morning And Friday pre-market employment data SPX coming down below the first five-minute bar low Yeah, you can do that. You can do the same thing tomorrow in SPX. I just you know, my SPX gets a little crowded So that's the only reason I really moved to NDX and the fact that I was like, well, I'm not using a stop so it's actually a decent Decent trade to use on NDX so I wouldn't want to use stops as wide as it can get El Piero only Rick today in the morning. Why? Yeah, as I put on my trade plan My Rick is discretionary because Vix is below 14 So it technically is not That's why I put discretionary if I put discretionary that means Something doesn't qualify, but I'm gonna do it. Anyway And the reason I did it today is just because we got all these Fed speakers, so I'm hoping Or I'm thinking not necessarily hoping but I'm thinking that we get some Decent price swings. Yeah, and all the all the details of the strategies are in the trade plan. El Piero So you can see, you know, the different filters with the Vix contraction My premium selling doesn't qualify my NDX here that I'm trading it. It doesn't have any filters So I just do that every day. Let me go ahead and let my VXX vertical Still see if there's any more contraction in that before I take any more off corn premium pretty well centered netty gas pretty well centered MES is one of them is Breach to the upper side that one's got 49 days left. So I'll probably take that one off by next week So the first Fed guy today starts at Well, we've got we've got ISM manufacturing and consumer Senate here in about 15 minutes So we'll stay on here till after that and then we'll The Chicago Fed speakers at 9 a.m. Central. I'm assuming these are eastern times Are you looking at Forex factory? I'm looking at market watch. Okay. Yeah, I don't know. I'm Forex factory. You can set your time zone Gotcha. Gotcha. So I got online at central times are in Eastern. Yeah 15 minutes Is anybody has everybody I should say Gone on to the new membership portal To see where the courses are and all that stuff if you haven't make sure you do that in each of the they used to be the Course channels. We just changed them to be called resource channels. So like the zero DTE resources Just go to that link that navigation trading comm slash slash dashboard that will redirect you to the Back-end platform. It's called WAP So don't be surprised if you see WAP and trying to kind of confuse about what that is that's just the name of the platform and Then it'll ask you to put your email in so as long as you put your email in and it matches, you know Your navigation trading membership email You'll get an email. You'll get a code emailed to you. So there's no passwords You'll get a code emailed to you and then just put that code in and then you'll be in and you'll see the See all the courses and all that stuff all the everything that you have access to and then And then once you do that with the code one time as long as you don't log out You're always you're always logged in. So there's so all you got to do is click on that link and it'll take you directly there So instead of having all the videos You know in discord, which was kind of clunky to begin with hopefully this is a lot better user experience for that for that piece and then you've also got On that plot on the dashboard you can manage your memberships So if you need to update your card or change memberships or whatever you can do that all Right there. No, I'm not sure what you mean Chris. It's not the same as discord Nothing changes for discord. We'll still continue to keep discord But we're just not gonna have the all those course videos in there in the channels. That's not really discord was designed to do so this is a better way to manage that S&P Dipping into red territory. I mean, we're just a skosh away from all-time highs 5111 expected move to the upside today is 5121. I Mean it seems pretty likely Yeah, thanks Dark Avenger and by the way, there's a there's a section in there, too that where you can leave a review would love for Everyone to leave a review that just kind of helps with our People finding us and stuff too. So If you get a chance much appreciated, I haven't actually looked through the futures to see any potential futures trades today Russell looks kind of interesting to the downside that big pop-up above those recent highs kind of blush back down a Little bit weaker this morning could see some continuation lower. I'll give it a little bit the Dow Elliott the Dow today is the weakest of the bunch You're wondering I'm not sure if Elliot's on here Also, if you leave a review and you're someone that I did a zoom call with Don't hesitate to mention As other people read that that hey you have questions look a zoom call with Chad Appreciate that as well 10-year yield up about 1% The euro looks like it might be interesting to the downside So the euro and the Russell short might be potentials Yes, Suresh. I posted it in this channel but it is also in the Courses when you go to that new dashboard in the zero DTE courses Oh, yeah, the zero DTE channel. Thanks white tiger SPX is trying to stay green here keeps bouncing off of yesterday's close the Little data release here in about seven minutes seven and a half minutes Yeah, I'm about 80% done with that one Dale So what'd you guys think of the magic Mahomes? strategy Like it don't like it For you not for you. What do you guys think? So yesterday was interesting because well, first of all because the Decent range leading up to it. I never did get filled at two bucks Uh by the time I wanted to but if you look at um If you look at the price action so I mean, this is Really good price action for it because If if I would have gotten in and gotten filled at say 95 Uh or actually I'm sorry. So somebody uh a couple people got filled at the 5100 strike But it was too late in the day at that point. So I just I didn't I just canceled my orders I didn't I didn't get in And then price moved up almost to 5105 And had the the vertical spread gotten filled there and then come back down that took like it did that is Actually the most ideal price action now. I know like madam butterfly She got in the 100s and she did not get filled because it didn't quite get there So it wasn't You know, it didn't quite quite happen But you probably would have gotten filled at like 105 110 on that vertical and then it comes pushing back down like it did that that's the kind of price action that uh Can actually be create some massive winners for that one So I didn't I'm I'm just looking at it from the price action standpoint. It did not set up Well, I didn't even get in For those of you that were on the on the stream, but um I'm just kind of reflecting back on What happened here? Up for dollar. What do you mean templates? I you really don't need any templates. In fact, I mean I prefer no templates for this particular scenario All comes down to position size Suresh Any quick question for you steve. Yep Uh Trying to trying to find my tlc Is it in the zero dke with the new platform? It's in the trade plans all the trade plans staff are Those aren't really core. So I mean yours is but we just kept all the trade plans in discord Okay, so I'm trying to find that dark avenger. Is there a question about two-factor authentication or are you just Making an observation. It's optional if you want to have to Enter your phone number or use an authenticator app Every time you log in Huh, I can't find the trade plans On my dashboard In discord Oh, no, you okay. You kept it in discord. I was on that looking at the new wop Yeah, no, all the trade plans are still in discord. Yeah, she got you got you got you. Okay I figured because there's I just figured that was a little bit more of an efficient way to keep those here Just think I know people are gonna ask me where that's courses at and so I thought it might be in the new net dashboard. So, okay So first speaker starting in two minutes. Is that right? No, not the first speaker. It's the uh ISM manufacturing PMI and revised university of michigan consumer sentiment brain busters Magic Mahomes criss get it right Oh, it's the chicago fed president austin ghoulsby tv appearance Oh, I don't have that one on my calendar. I have that on market watch Dynam That's px bouncing back up into green territory Or she probably still have a little jet lag. How was uh, how was india? And we got a little pop coming out with the news Little poppy pop spx all of a sudden that S and p are all set up 11 Popped through yesterday's high Came back down now back in the five minute First five minute bar range So See if we got a little that was a little fake out A little head fake to the upside Well, glad to see you're okay krish. That's not Yeah, that's no fun Check out the uh individual stocks here plug power Looks like it's down after earnings about 10 and a half percent Tesla down one AV go up four Looks like semiconductors amd's up three and a half Metas up two Biden up two NVIDIA up one and a half Roblox So yeah, I didn't Yeah, I didn't have a big volume bar. So I'm sure what what you saw there at jba trade, but Yeah, the uh, the baba one I saw that and didn't I didn't I wouldn't have traded that here's why It's just something to look at Baba's range on that was like See about a Not even that. I mean The pullback was Yeah, maybe I guess like 50 cents. It's just really tight range. So It's hard for those to pay out It's one time one thing we one thing some people forget to look at is what's the range look like on the movement Vic's trying to come up My toss is fine Yeah, I'm not having any toss issues All right, my friends. I'm gonna jump off here I mean We will be back for power hour live the end of the day. I've got to uh, record my monthly performance stuff get all that done and then um Put together the uh live stream schedule for march and a bunch of other stuff. So All right, all take care. Have a good day. See you in power hour. Cheers