 What's up trade hackers welcome to today's update today is Thursday March 26th Starting with the trade hacker question of the day. I thought this was pretty timely based on some of the price action We're seeing today The question is so news moves the market, right certain news events data points releases announcements Headlines move the market. So why don't we trade news? We always talk about we don't trade news We trade based on statistics and probabilities and Here's why so this morning 7 30 a.m. Central time so before one hour before the markets opened was the jobless claims report and in Anticipation of the jobless claims report There's always an estimate of what that will be and the the estimate was I heard a couple different things But let's call it 1.6 million So the claim was going to be 1.6 million new people filed for unemployment and that was kind of the estimate But what happened is the actual numbers that were reported this morning were closer to I think it was 3.2 million or 3.6 million was the actual number of people who filed unemployment So double the number of people who filed unemployment So you would think you would look at that and say okay if I knew that before the numbers came out What would I do with that and the answer I think for most people would be I would short the market, right? I would I would want short Delta I would want short positions on Because the market is not going to like that because it was worse than expected more people filed for unemployment Than it was expected. Well, what happened? Well, the market opened pretty flat It's actually down a little bit before those numbers came out and then it started going up got to about even on The day and then today it has just continued to rip higher the S&P is up a hundred and twelve points now We still have a little over an hour to go before the market closes But you know the S&P is up a hundred dows up over a thousand Nasdaq up over 285 Russell up over 57 So just a massive move higher as if that was good news So that's why I say you can't trade based on news and the same thing goes for earnings announcements for stocks. I've talked to multiple CEOs or former CEOs of publicly traded companies and They are the people who are performing the Announcement on the conference calls. They're the ones reporting the numbers They know the numbers before the public does and they don't even know what their stock is going to do After those numbers are released. Okay, so that's why I want to really pound it home That trying to trade based on what you think the market's gonna do based on the specific news reaction Even if you know what the outcome of the news is before it happens It's still the market's not always gonna react that way And so that's a perfect example of what happened today So I was actually looking at it, you know last night thinking gosh, you know I wish I would have gotten more short positions on yesterday Because I know this jobless claims is going to disappoint And I was pretty sure that the market was gonna go down today and what happened well a rip hire So nobody knows I don't know Warren Buffett doesn't know nobody knows So that's why you've got to play Your trading with statistics and probabilities like we do. All right, so what did we do today? Well based on this big up move that we are seeing we actually added some short Delta We added some short Delta in XR T Which is the retail sector. I think there's more downside in the retail sector to come There's just there's so many businesses that are you know shut down gonna get hurt and you know Some of that is already priced in but but I think we're gonna see some further downside The other thing that we went added some short Delta on is when so When is actually down 3% now, but when we put it on when was up on the day So that one's already working in our favor, but we we added a bunker strategy So just like we teach in our course typically a lot of times we're doing those on indices on like the SPY or XR T Or some of these indexes, but in this case, you know, I just think there's more downside on the casino So I went ahead and picked out an individual and that being win casinos. So bye-bye win. We'll see you later. Hopefully So that's what we did today. We also closed out an iron duck and SPY booked a beak profit on that And then we are loving our double calendars with the current implied volatility Environment we can get these things super wide with these double calendars in a big index like an SPX and So we entered one. We're gonna take another one off book a couple thousand dollars a profit per contract and Enter another one. So those are working well. So that's what we are doing. I hope everybody has a great evening Talk to you tomorrow