 End of the day, almost time for the bell How many options, will you sell? Fire up your platform, get ready to enter But first let's get the mindset centered That's how we get paid, test and trade it Have success, find what works for you and forget the rest Stats and probabilities is what we're about Time to dismiss greed and doubt, focus on the process Not the money and the profits Will flow like honey, power our lives Let's start the show, come on trade hackers Get ready to go, zero day options, time to make bank Get locked and loaded, then be ready to play New all-time highs, feeling good about getting out of my draw down And then Did you say your P&L was hitting all-time highs? And then this happened and followed by this and this and this Yeah, I had dug myself a little hole the first couple of weeks of the year and then Got completely out of the draw down and when my positions were profitable this morning I was hitting new P&L highs, but not to be sustained Definitely pulled back, I did a So I wasn't entering one of my re-entries at the beginning of the day right at the open So I decided to go ahead and turn on my 3-2 AM ratio And like most of you that one got stopped out, so that was a $5,500 hit My 1DTE also got stopped for minus $2,900 The only other bot trade, I'm in a PM iron condors, currently up 11% And then I've taken 5 re-entries One of them got stopped out without hitting profit target The other 3 hit 20% and then got stopped out And then I'm still currently in 1, which has not hit 20% It's trading at 470 and my profit target's at 460 to hit 20% So if you could just oblige me and hit that 20%, that'd be nice Yeah, for me I had my first AM iron condor stopped out, no profit target Second one stopped out, no profit target Third one did hit 20%, it took like 3 hours to hit it Yeah, I was doing one of those too, that was fun And then I've closed out the puts and called the longs on both sides of those Actually I've closed out the calls and puts on both sides of my first two I still have my longs open on my third one And I just entered a power hour Number one, just a little bit ago that I posted Skewed just a little bit to the upside So obviously we're in an update today, so I will be trading my power hour update I would like for it to just sit there and chop the rest of the day Trunch one just got filled on these 65 puts, 70 calls filled at $10.60 Sorry Chad, you started to say something? Well I was just saying I'd like it just to see it just sit there and chop For the last hour of the day? That would be something, that would be something 49.70, almost 49.72, 49.71, all time high I mean this, just looking at the daily chart, we had the little dip for FMC And then took it all back Thursday and just absolutely exploded today I mean I'm just trying to think more, I've seen these last couple days It's been a while since I've seen it like this NASDAQ is up almost 2%, Russell is down a half percent Dow up about a half percent Gold and silver, red, notes and bonds, red, 10 year yield poppin Up 4.5%, back up above 4 Oil down 2% and added gas up 1.5, grains a little bit mixed Bitcoin unchanged And VIX hovering around 14 still What did you say you got filled at or what was your strikes? Me? Yeah, your Trunch one 65.70s in two to one puts to calls Okay I got filled at 10.60 So this little risk graph is a conglomerate of my Power Hour Trunch one My PM Iron Condor and my re-entry trade I'm sharing some strikes here so it's going to look a little goofy So I hit my 20% on my re-entry I've got my 40% at 3.45 and it's trading at 4.40 So I'll show you guys something I've been working on Working on with the developer this weekend and then today It's far from putting out into the wild yet So I've been using NTT as I talked about Then I've also got this little indicator here I'm titling it NT Chop Indicator But basically it's taken into account range as well as multiple timeframes And I'm working to try to kind of get it to a point where it Ends up being a pretty decent indication of when to get in So right now the way it's set up is the gray is nothing When it shows a green bar that is an entry And then I also have, sometimes it can give a little bit of a heads up Which are the orange And so I took all these today So I took this one, hit 20% before getting stopped out Took this one here This is the one that got stopped out with no 20% Took this one here And this one here, those both got 20% before getting stopped out And then this one here was my last one that I just took off Just hit 20% So once I get that dialed in I'll share that with y'all Yeah, that's part of what I'm doing too And then I may enlist Nick or one of you Who are a little bit more savvy in that area to help me With the kind of running it through Downloading from Trading View Uploading to Option Omega with the specific management style To get more specific on the testing that way too Another new all-time high Like Groundhog Day So I've got my February 2 time fly that I got to take off So first graph always starts to look a little goofy on the last day It's showing a max loss of $3.77 But I think it's going to be a bigger loss than that I've had an order in so I'm going to let my butterfly expire Because it's worthless And so really it's just about trying to get out of this diagonal So I'm going to wait You know when it gets down to this close expiration It kind of turns into a vertical basically So I have an order in at $11.60 which I've had in But no fills there So I'm just going to hold this a little bit longer See if that'll kind of work its way back up To get filled here as we get closer to the end of day So yeah so tomorrow the Remember we're short the 48.05 Or mine anyway I'm short the 48.05 calls So it kind of helps to break them apart sometimes to understand So you've got the short 48.05 calls which are here And then you've got the long 47.95 calls which are here So it's obviously the net between those two Big ol' chop session here Yeah and that's why I always say with any type of calendarized trade You know you've got to take the risk graph with the grain of salt So my PM iron condor up 25% Reducing some stoppage there Tronch 1 up 13% Power Hour brought me back to green yesterday Let's see if it can do it again today Like the old days Remember we used to be down during the early part of the day And then Power Hour'd come in and just take us home Did it yesterday Let's see if it can do it again Chadwick has the old, I think you said you were down But what's the damage so far today? Yeah so minus 1680 For my AM number one minus 1500 Those were the two that were stopped out without any profit targets Plus 180 on my number three And I still have some longs in that one Like I got to determine whether to close those out for a little bit or not So that'll be a little small winner And then I'm in one Power Hour trade that's I'm up in it right now It's looking good right now So down, looks like my P&L says I'm down 1800 for the day So obviously scaled back a little bit I've only done four trades today so it's less than normal Scaled back your size or just the number? Yeah I scaled back my size The funny thing about the last couple days Was you know we had kind of talked about me starting to increase my size Good thing you didn't do that So I did that yesterday really for the first time I did that where I was doing like Yeah I did like ten contracts in the morning Where normally I'd been doing six Gotcha So So that was a short-lived size increase Yeah exactly Yeah it's amazing how that happened As soon as you get your size you get slapped around It's amazing how like clockwork that works Yeah um you know This is what it is I'm getting close to getting filled on 20% of my Power Hour number one We always want to size up after we've had a good run right Right And it's just like it's just at that moment That uh Market kind of shifts and changes a little bit Seems like Yeah it kind of happened to me when I started sizing Oh I think it was last fall or late summer I was up Upping my mighty 90 runners buying power And I went on I had a couple bad days But I did went bigger than those Brokers have algorithms to detect that Moral you probably believe in the second shooter On the grassy knoll too right Look at Michael Todd hitting 40% I haven't seen 40% in like three days This is, I know I'm looking at this I'm getting ready to hit I was touching my order to hit 45% For the first time today Didn't quite do it though Yeah that's very difficult to do though Andrew K Very difficult Yeah that is Not to mention You know Could just compound the issue if you're If you don't hit the bottom of that draw down Just stay right where you're at price Alright so Trunch one's up 20% PM iron condors up 20% So let's see my uh Trunch one got filled at 1060 So 635 I will reduce My stop on Trunch one I'm gonna probably be seeing price pushes in my sleep Man after this week I'll be seeing little green bars going up up up What's meta doing I haven't looked at that today Meta? Yeah I mean I looked at it this morning but It's having it's best day It's having it's, it's having a day Wow it really came up but now it's kind of just Actually off the side it was up like 24% at one point Jesus Unreal Amazon up 8 NVIDIA up 5 Uh oh NVIDIA hit the number NVIDIA hit the triple 6 It's done that's it Apple made a big comeback Did it? It's back to even after being Down pretty pretty decent After earnings As long as that Should probably close out some of these longs here My PM iron condor still Up to like 12% I got in mine at 130 So about 45 minutes ago 42 minutes ago New high 49.75 My power hour is setting Pretty good right now I sure would like to get filled on 20% though Yeah that sure didn't Did it Naughty Dog But it came down that one time What was the time stamp on that? It had a big It had a big drop there in five minutes Is that That wasn't central time I guess though probably It's whenever I had that first big drop Or it was the second big drop Trunch two just got filled On the 70 puts 75 calls filled at 835 70 puts 75 calls 2 to 1 So that must have been right here And we had the big drop Yeah Kind of grind it back up Started chopping sideways Getting back down close to my 40% Come on hit it Come on Theta Got filled on half my power hour 20% Oh that's a good feeling That always feels good Take that risk off Let's see I got my original fill was 735 So 40% is 440 Trailing stop is never above 4 And power hour so it's It'll be at 4 Now my trunch one Got up to 30% It's about 23% right now Oh I hit 40% on my Yeah good point sorry I didn't clarify I hit 40% on my Re-entry from earlier Not looking like I'm going to take a number two For power hour Come on Theta I will not be taking a number two with you guys During power hour either I love the poop jokes Doesn't matter how old you are Poop jokes just they never get old About seven minutes until trunch three Sorry DRB I was just making a joke there Are you talking to Chad? What's that? I think he's talking to Chad Yeah so what makes me Basically I don't like to overlap Overlap strikes in power hour Although I did earlier this week I did do that and it worked out for me So like if I wanted to get in one right now It would probably be the 4975 4970 which is my current position So I'm basically also I'll show you this This probably answer your question better than me Explaining it Let me screenshot this and put it in discord So I won't take another one Unless this gets off centered So with it sitting right where it's at There's I'm just going to I don't want to put on any more risk When I've got I'm making money with it Sitting right there Does that make sense? Now if this gets stopped out Or gets off center And there's a straddle maybe Or a five wide ten wide Then I would take that for a number two That'll be type of stuff I'll talk about In my presentation next week Next week February 8th Thursday after the After the bell Well when I was a principal for 15 years I stood in front of 70 staff members Like nobody wanted to hear me talk I'm glad you guys want to hear me talk Were you making them money? No Maybe that has something to do with it Touche I did I did end up putting This pretty much the same Power hour Iron condor on my brother's trade Or my brother's trade my brother's account So it just got filled on 20% Kind of what made me decide to do that was Just seeing the chop that was really starting to happen This last hour of the day Or hour of the trading day here 45 minutes Yes, thank you Kelvin I do have to put on my calendars I almost forgot I've got it written down Right in front of me but It's time for a 6-7 Love me a quiet Friday like this Alright 6-7 Just got out of my reentry It's 60% S&P You don't really need to do this I just got filled on my 6-7 That one's posted I don't see the point of you coming down here S&P Just get back up there Alright so I just got filled on Trunch 3 60 put, 70 calls Filled at 5-10 Trunch 1's up 30% Trunch 2 is a little bit red with that down move Alright so here in about 5 minutes I'll put on my 3-6 and 4-5 Or excuse me my 3-6 And then I'll Put on a 4-5 a little bit later A little dip and bounce back up Yeah it did then I was kind of looking at maybe a number 2 there As it came down so Look at Michael Todd Lunchtime 20-40-60 Waterman I use 5-minute candles I don't think I've seen 60% I haven't seen 40% the last 2 days yet There we go Just say 40% Power hour number 2 or power hour number 1 40% Here we go US military strikes underway in Syria My Trunch 1 still at 31% Hasn't gotten to 40 yet Unless I missed it Ooh be more trader I like that one I love her book Thinking in bets or something like that Noted So my 60% target is 295 And that's my trailing stop Exact same Alright S&P just hold your horses 152 million Cell side 3-5 and a 4-5 Are my 2 remaining calendars Here in a bit Trade steward down Has anyone reported that to Go Big Orange yet in their discord So how am I supposed to reduce my stop Yeah this is a problem Eli my power hour trades Are based on price action still If you scroll up there That's why I was talking about the Screenshot that I put My first one was centered So I wasn't going to add a second one Unless it got off centered Alright it's a backup So I reduced my stop on Trunch 1 Get back up there I like to see it settle in right about 49-72 Tomorrow I'm going to go ahead and close My diagonal here I got to get it out of the way See what I got filled at Just why S&P Tomorrow I got filled at 1075 I just can't have nice things this week I closed my That diagonal of that time fly Is what I was saying I just posted it Michael Todd 40% Power Hour Man I have not hit 40 I did hit 40% Trade Steward down again Use a little bounce I want to feel good going into the weekend So you're saying I can manage on my phone I can't log in on my phone either Well Vic's coming down Yeah it's back up now I got to figure out a workaround though That's not good So my PM iron condor is at 48% Trunch 1 up 34 Trunch 2 down 29 3 up 17 Need a bounce Up to about 49.70 49.70 is my sweet spot Yeah I was on 49.70 49.75 So anywhere between there That's back up 3.13 Next week's probably a big earnings week too isn't it I have not looked I set up my 4.5 Here Filled on my 4.5 This did my 4.5 Last thing I've got is a 3.5 Which I will put on here shortly Alright Just pushed my 3.5 done Entering calendars Could use a little bounce Yeah the S&P 500 Just doesn't want me to have nice things this week Nice Dan B That's how you had your biggest day ever Was it yesterday Gonna have nice things this week Close to getting stopped down on my power hour Stopped at a Trunch 2 Yeah stopped Trunch 1 and 3 are both up about 30% still Stopped It stopped me It stopped me out and then it bounced You did get stopped or almost I got stopped out Both mine The one I posted in For my power hour got stopped out after But I booked 40% Same trade My brother's account And then didn't book 40 and got stopped out So here's a good example Like I placed My power hour trade posted in the discord Then I placed My brother's trade Same strikes And My brother's ends up being a scratch trade And my Mine ends up booking 40% Where his didn't We talk a lot of people Took the exact same trade That's just Doesn't take much to They can be a little different There's probably just a couple minutes different There for me placing them Trunch 1 and 3 You're hanging on Market on close and balance coming here About 20 seconds If it's over 3 billion I will trade it 2.7 billion sell side So I'm not quite there Hopefully the market keeps its head up So my trunch 3 is a 60-70 10 wide Nice and centered there My trunch 1 Is a 65-70 2.7 billion Didn't Move the market yet Minus 580 today for me Minus 580 bucks 580 bucks 2.2 2 winners 2 losers I guess I can't complain about that Yeah Now this balance is happening See that With this price action That's for the way you trade I think it's probably Pretty solid Yeah My brothers would have Booked 40% here If it wanted That just a little push down And now it's bounced right back up to where Yeah he probably would have been out of 40% on that one But So essentially scratch trade For that account No change from What I posted earlier because My power hour was a scratch trade there But I'm green in that account So It's good Let's keep our head above 65 Minus 965 Minus 965 not bad Naughty dogs kind of like we're just talking about Well Michael Todd Your morning was not so hot But your lunchtime and your power hour I guess just one each on those huh Alright between 65 And 70 would be ideal For me Push up man Yeah I still got my PM iron condor on That's in the 6065 So right now I could That if I want to take anything off 5 minutes till In case you're wondering Today was about Today was about double the expected move Oh yeah Yeah it was open at 4913 Was the open Still holding tronch 1 tronch 3 And my PM iron condor I'm gonna go ahead and close tronch 1 Tronch 1 closed at 425 About 60% I'm gonna let my PM iron Condor and my Well my PM iron condor Will close at 90% I'm gonna let my 6070 tronch 3 ride PM iron condor closed at 90% Let's see if I can get a tronch 3 pin Anywhere between 60 and 70 Not gonna quite get back Into the green from my morning Shlacking but not too Bad of a day if I can pin here Just gotta stay above 60 One minute to go Currently at 4961 Looks like taking a MOTC trade Could be working Oh come on really We go below 60 on me Last two days it's just Ripped up Little profit taking going on Yup 30 seconds Little bounce Little bounce, little markup Ah Not the close I was looking for Alright so I ended up making About 2000 on tronch 3 Lost about 6 on tronch 2 Made 6300 on tronch 1 PM iron condor plus 4600 One DTE minus 2900 And AM ratio Minus 55 Alright all I've got to Do post the live stream schedule For next month I haven't done that yet So I will do that here Before the end of today You'll see that posted For the live stream schedule for next week Everybody have a good weekend Talk to you soon See ya