 What's shaking navigation nation welcome to this week's video update today's Friday 11th September 11th We're gonna go through the all the positions the trade alerts and let's talk about the day trading stuff before we jump into that Let's just look at the markets overall. This is the S&P 500. Obviously a big big flush down had a little bit of a bounce on Wednesday and then a big down day on Thursday again, and then today just kind of a choppy smaller range So I Still think you know talked about this I've talked about this in the day trading live stream room Which by the way if you haven't been in there yet get in there. It's good stuff. You're gonna love it But anyway, we've had this big flush down now We're just kind of a little bit of a consolidation and I still think we're going to just roll over and keep going down So one thing we did do and I'll talk about this during the alerts But you know at the top here of this little bottom section we added put in XLK Which we don't we don't buy a lot of just straight outputs for this type of situation just because of the theta decay component but You know I'm looking for a pretty fairly quick move lower and we got that initially and I still think we got more room to the downside so Got some ample short Delta positions. We've got some short call verticals some long put verticals We got some bunkers and now we got a long put and so I really like how our portfolio is shaping up We've got positions in the S&P and gold and Nat gas and bonds and some individual stocks and indices and different strategies iron Ducks and weekly double calendars and that's what it's all about is building a portfolio that can withstand most any type of situation obviously the type of market that is the most difficult for the Methodology in the way that we manage our portfolio is a situation like this where you just get this slow Grind higher with very little two-sided action Even even situations like this. I mean this is great for our type of trading and of course when we have short Delta like we do This was great as well. So Really look forward to love this high volatility Market especially when it comes to the day trading in fact, let's just jump in there and talk about What we've got going on in the day trading so first off if if you're not in our day trading Facebook group Make sure you go there. That's where I've been posting our daily recaps And so give a little bit of insight of exactly what we're doing in there Just go to Facebook comm search for day trading options for income and you can join that that Facebook group But let's start with the mighty 90 for the week so actually a little bit negative on the week for mighty 90s and The thing that the thing that we saw this week is you know, we've got these big ranges but a lot of that happened Overnight and then in the morning when we're when we're typically getting some good two-sided action for these mighty 90 trades the market Just kind of stayed a little bit steady without without the big swings that we that we like to see and so our mighty 90 Opportunities were a little bit muted this week. Of course Monday was closed for Labor Day But Tuesday Wednesday Thursday and Friday. There's the closing bell Each day. We only took two trades We had two winners on Tuesday The big the big one that put us in the hole was this zoom one Which we lost 1200 bucks on and and that's the one that we ended up of course Murphy's law would have it we went in with full position size where some of these others were smaller But so took that loss and that's what that's what really put us in the hole for the week, but Still 75% winning percentage just that losing day had two losers on Wednesday and all the rest were winners But just a little bit smaller because we're keeping our position size small because the opportunities just it's frankly weren't there And so you've got to adjust you've got to be aware that you cannot force things and so Slightly negative on the mighty 90s Paris trades were pretty muted as well In fact, the only one that we did was I took an I took one early this afternoon on Friday between the Nasdaq and the Dow because I saw what I thought was an opportunity and just had it on for really 30 minutes or less and booked just a little profit of 115 50 So that's all we did in the Paris trades, but the big story is the runners We have been if you've been part of the live stream You know that we're we're really trying to hone this strategy And the last missing piece that we just couldn't quite get until I think you know, I mean Really this week is when this week and last week We've been really honing in on really cutting our losses pretty quickly and trying to let those Runners hence the name let those runners run and and we've been doing a really good job of it this week booked over $5,300 in profits on our runner strategy 43 trades 62.8% winning percentage Tuesday booked 192 Wednesday with that big range those are I mean obviously for runners the longer the bigger the range and the longer you can let them run Bigger potential so booked over $2,000 that day Thursday 975, but the big thing is and this is this is key Today booked over 2,100 bucks in the in the runner strategy and remember going back to what the SP did I mean, this was a pretty choppy not that big of a range Especially not as big as the last week has been so this little kind of choppy day We were still able to produce over $2,100 in profits on that runner strategy. So in summary for the week like said mighty 90 129 pairs trade 115 and then runners 5300 for the last two weeks. So since I started tracking it on this sheet What we've done here is total of mighty 90 Profits a little over 1,400 pairs trades minus 152 and runners whopping 6,500. So good stuff. We're again, we're just kind of Honing this criteria on our exit for runners and then we're going to roll it out as a as a specific strategy to become part of the day trading master class So we'll be doing that fairly soon. We also have the pairs trade Stuff coming out as well. So just kind of working on both of those at the same time And and trying to push to get those out. We're also working on the new platform trying to get that out to y'all So a lot of cool stuff coming but I'm sorry. That was the runner. So total trade summary for the last two weeks $7,800 winning percentage of 61. This is all trades. So this is exactly a hundred trades in total and that includes all three strategies So that's where we're at on the day trading stuff Let's oh the other thing I've been talking about in the live stream room And I want to make sure that that everyone kind of think starts to think this way And we're really focusing on helping our members build and create a six-figure trading business And that doesn't mean you have to have a six-figure account. In fact today Yeah, I took a I took a couple trades on Amazon with just one contract And so, you know one contract in Amazon was about 47 $4,800. And so those are big But that's the most capital I used on any trade. In fact, most of those was was less than half that I mean, we're talking about a couple thousand dollars per trade and we were able to book You know $2,100 on on these on the runner strategy using very very small capital So this can be done with a small account You don't have to have a massive account to do this and what we've been talking about as far as building To build a six-figure business trading Specifically day trading you have to you need to be able to get to a point where you're averaging $400 a day So 400 times there's about 252 let's say 250 Trading days in a year. That's that's 100,000. That's six figures So, you know, that's something you want to be thinking about of you know, kind of either as a daily goal Or a daily average obviously you're never going to get that consistent where you're just 400 400 400 every day But I mean look at look at what we've done on a daily basis just this week Of course the volatility has been up and that's going to change But but it's very very doable and it's very doable using a smaller account as well So again, if you're not in the day trading room, make sure you get in there. It's good stuff We're we're creating something really special here. So look forward to having you in there All right, let's go to the alerts for the core portfolio starting with Tuesday our first trade we did a closing trade in tesla. This was an iron duck Unfortunately with the down slide in tesla We had to kind of flush this out of this one Now price did bounce not too long after we got out But and I know I know some of our members mentioned that they they kind of held on and they were able to end Up booking profits on that. So so nice work there, but we're not going to do that We're not because here's the thing if it flushes through our break even through our predetermined exit point You know there are going to be times where it's going to keep going and we do not want to take max loss that completely kills The the profit factor over time and we're all about probabilities We're all about occurrences over time and maximizing our profits over time So we went ahead and took a loss on that one Even though it did bounce afterwards and I know some of you all booked profits. So nice job on that Next trade Rolling adjusting trade in natty gas. So we've had this short strangle in nat gas that we've been managing Getting some downside action this week, which is helpful for our position Let me squeeze this in so you can see it a little bit better So we're up about $727 since we did our last roll if we continue to get a little bit more downside action That's going to benefit our trade. We've got a decent amount of time left here. We're still only, you know We're still we've still have 46 days to expiration. So not looking to do anything in that one yet Let's see next alert was IWM so rolling adjusting trade with this down movement in stocks that we're seeing a lot of our Vertical spreads short call verticals long put verticals. We're rolling them down adjusting the strikes down We're we're booking those credits On the rolls, you know, when we get over 50 of max profit on the trade and that's exactly what we did here in IWM so In this one we went ahead and rolled out to We were down to 10 days to expiration rolled out to 45 days. So let's take a look at all of our positions in IWM We've got a few different pieces here including bunkers and Verticals. So let's start with the one that we rolled This one here now a couple things I've done this week that I don't Normally do Is I actually rolled out to the weeklies. So we're already in the october monthlies It's so instead of just rolling the strikes closer and staying in the same cycle Just to kind of diversify our time frames I just went ahead and rolled out another week and then rolled those strikes down to accommodate So it just kind of spreads it out a little bit. It's easier to keep track of You could certainly roll within the same cycle We still have a good amount of time in that october cycle, but just kind of just spreading spreading the love a little bit So that's the one we just rolled Here's the other one we have in the october monthlies up about 156 since we did that roll So looking for some more downside action there and then we've got a couple bunkers one of which Is this one here in november now? We're gonna we're probably gonna take this off next week We're getting a lot of kind of sag in that p&l. Of course if we get a little quick pop lower Hopefully we can we might be able to book a little bit of profits But most likely we'll take this off near kind of break even and then our other one that we have out in december Is up a little bit Looking for some more downside action before we do anything there. So if we get a nice flush next week We're gonna be taking off some of these bunkers and just kind of booking profits and We may we may even be a little bit long if the market gets super oversold Or be a little bit closer to neutral, but i'm okay with that if we do get a good flush down and book some profits here So that's iwm spy did a opening trade in spy We added an iron condor here in the very next trade We closed out the the remaining call vertical side of our september iron condor So we added one in october closed out the remaining piece in september So if we take a look at spy Here is oh, that's our iron duck. Let's go with our iron condor first So you can see we're pretty centered we've booked or not booked We are up over 150 bucks since we put that on earlier this week And then while we're here i'll show you our iron duck that we have and this one is in the duck head We've got until next well till the 17th is the expiration date. So Obviously if it flushes down then we're gonna end up taking a loss and getting out But that's also why we keep the short delta So you've you know, I think a lot of people especially newer traders They look at each trade on a trade by trade basis and if you have a loser It's you know, it's it's real frustrating. You know, hey, this is such a high probability trade. How could I how could I lose? Well, you can lose on high probability trades, you know, these are over 85 percent We typically win over 90 of our iron ducks, but You know, if we do get a big flush down in the market, we may have to bail on this one That kind of stays steady. Hopefully we can book a duck head But it's important to keep that short delta for the protection on the downside Of of these ducks as well. We got a big buffer to the downside when we put it on But we've also had a big moved lower in the market. So Keep that in mind And and I want to put on some more next week. I've actually just been holding off I was looking at putting on one yesterday after that down move, but I thought, you know what? I think we're gonna get a little bit more downside We did get a little bit today. I was looking at putting on another one today But I figured, you know, I'm just gonna wait until next week and regardless if we go up or down next week On monday, we will be adding some ducks. So look for that next week There's the closing one Yes, we're only just in trade in yes So we got a couple sets of long put verticals here roll this one from 37 days to 51 days to expiration We're over 50 of max profit. So we went and just book that lock that in and extended duration to keep that short delta on And so if we take a look here This is one of them. We've got we're up about 100 180 some dollars on that one looking for a little bit more downside And that's the one that's still back in september. So only seven days. So we will be rolling that next week Uh, and then this one is the one that we just rolled from the alert And uh, we're up about 345 since 300 some dollars since we did that roll. So Again, just holding those for that downside exposure So here's the opening trade I mentioned in the beginning of the update here in xlk where we just bought a long put I was looking for You know bunkers can be great for more for that really extended down move But I also wanted to get some more short term short delta on and so We put on we just bought a long put in xlk. The timing was fantastic at least to this point Uh, in fact, I was I was streaming live in the day trading room and I and I just kind of told everybody hang on I'm gonna I want to put this on because I've I'm afraid the market is going to tank today and sure enough. That's what it did In fact, I put this on right here and then we got this big tank That day and then some more downside today. So this thing is up about 385 bucks since we put it on but we're gonna hold that see if we can get some more downside into next week I'd like to book 50 to 100 profit. So we paid 1245 for this. So if we could book, you know, six seven eight 1200 bucks on this if we get a quick move That's that's kind of the goal there We've also got a long put vertical here in xlk that we've been holding for short delta We're up about 290 bucks since we rolled that if we get a little bit more downside We will roll that and lock in that piece And then we've also got a bunker here, which is up a couple hundred bucks or 150 bucks So looking for some more downside on that one R H. So we did a post earnings short put vertical This was one that we actually were talking about in the live stream room in the day trading room And So it opened up gapped up above the expected move started to come down So we got in did see a little bit more downside today If we look at where we're at here Uh price is just outside of our range. So looking for some upside action to get back into range next week And these expire on the 19th. So we've got about a week week to go So hopefully we can get some up movement in this one next week And in book profits, that's the plan SPX weekly double calendar. So We did this with seven days and and note I put the am options right here So always make sure you read the comments to determine because there's a couple different Seven day options or front week seven back week 11 when we put these on And so let's take a look at that to begin with So just you know what I'm talking about so now it's six days But when we put it on it was seven so In in the broker's platforms, it shows am that just means the options expire in the morning The following day whereas this these are normal pm options. So I had a question from one of our members About that they they entered with uh with this one being the front week And they couldn't figure out why their pricing was different on the spread. There's nothing wrong with doing that I just like the pricing a little bit better when we put it on in this cycle And so so that's why we did that but make sure you're paying attention to that On spx and they don't they they only happen, you know every every month. So we've got one here We've got one here. We've got one here. So it's not like it's every week by any means It's just in those specific cycles. So we put on a an spx Weekly double calendar now before we jump into that and check that out. I want to talk about the vix I want to talk about volatility First of all, look at the s&p is Down five So not not too much. Uh dow is actually up, but the vix is down eight and a half percent and I'm talking about the vix futures If we look at the spot vix the spot vix is down almost 10 percent Now what's interesting about this on the surface that you say, okay, you know volatility got crushed today But market was kind of steady, right? Well, the market wasn't really steady The market was actually down a pretty decent amount at one point and the vix was still down if you remember Going back into the last couple weeks We've been talking about how the market was was continuing to climb But yet volatility was continuing to climb And then all of a sudden now we're seeing downside in the market But yet volatility is going down and for this for this long a period of time in the 20 years I've been trading I've never seen this Uh, it's just it is some goofy stuff going on with with volatility and the market movement You know, obviously typically if the s&p 500 is going up you're seeing Volatility contract if you're seeing the s&p 500 going down you're seeing volatility expand and we've been seeing the opposite of that So it's just really really weird stuff So even though we have had some down movement since we put on our spx weekly double calendar We're still not up on the we're still down a little bit on the trade because implied volatility has contracted and more importantly The difference between the front and back week Has has uh has narrowed. So we've got 26 here And we've got uh 24 here so that the difference between those two Has has narrowed a little bit and that's why that's what we're seeing here. So Uh things can change in a flash. So nothing nothing to be nothing to do about that. It's just an observation that You know because volatility is a big factor vega is a big big factor when it comes to these weekly double calendars And things are just acting a little goofy out there right now. So Um So just be aware of that Next in spx. Well, I'll go to the alerts and come back to it Uh apple rolling adjusting trade. Well, no actually I won't This is an alert from last week. So while we're on spx. I'll just show you we've got a an iron duck here as well Uh prices right here in the duck head. This one expires on the 24th. So we've got a few weeks here Or excuse me a couple weeks before we do anything on this but Uh, that's where price is on that duck Rolling adjusting trade in apple So can you believe it apple is actually going down? We've been holding this uh short short delta play in apple And it's not real fun when you're here holding short delta and something is doing this on you You know, you're taking that heat, uh, but you know, obviously it's it's coming down pretty significantly now And with a with a lot of technology we've been talking about for weeks if this thing's really going to roll over It's going to be led by tech and that's exactly what's happening right now Uh, you know, you see the s and p just down slightly but the nazdax down over a percent And that's been the story here for the last week and a half or so Uh, so apple We had this long put vertical went ahead and rolled that out and kind of a similar situation We just rolled it out a week. So we are in the We're in the october monthlies with 35 days and we just rolled that out to uh to the ones with 42 days And adjusted our strikes down instead of rolling out to november with 70 days I didn't want to go out that long. So we just used the weekly now Remember the only time i'm going to use these weeklies for this is if it's a very very liquid stock or etf And that's why i've done it in apple. I did it in iwm Uh, I think I did it in the cues which we'll get to so it's got to be super liquid Some of these weeklies are not very liquid So just be aware that if you if you're rolling to the weeklies mostly most of the time we roll to the Monthlies but with the amount of time left we just decided to roll to the weeklies to make that adjustment And so with apple that the price is pretty close to where we rolled it So we'll just hold that for hopefully some more downside exposure Expiration trade in spy. So we had an iron duck that we uh price ran up It was just is in the beak and so we just went ahead and let that expire and booked the beak profit on that one Uh di a another rolling adjusting trade in di a And this one is a couple sets of short call verticals. So we rolled this from sep Out to october you can see we're up a little bit since that roll today And then the other one we still have in september which only has seven days to expiration So we'll be rolling this one next week But prices come all the way back into range and if we get it just a little bit of downside movement next week That will bode well. So that's why i'm holding on to this one until next week Next alert rolling adjusting trade in qqq. So a very similar situation. We've got some short call verticals in the cues This one we also rolled out to the weeklies So you can see price is pretty close to where we rolled it this morning And then we've got one in the october monthlies as well We're up about 200 bucks since we rolled that one last And then we've got a bunker This one is in november. So we'll be looking at potentially taking this off next week as well We're getting close to that 60 days to expiration. So we don't want to We don't want to get caught in death valley down here So we're going to go ahead and close that out and we'll probably add it back in in december Or add some more some type of short delta in there And lastly ulta. Oh, ulta, ulta, ulta. This was a little bit of a frustrating one This was a post earning short put vertical. I had such high hopes for ulta It was uh, so it came down we we got in right here Right after earnings after after it came down significantly We're looking for kind of steady to higher prices and uh, and the market completely the the broad market completely flushed But you can see Ulta barely went down went down a little bit this day a little bit this day And then even with the market going down ulta was going up And you know that that just bowed well for potentially, you know being able to book profits here We had a little bit of a downside And then it popped up yesterday and we Should have gotten out here, but it was such a quick move Didn't have a chance. I wasn't looking at it at the time that it got up to this level I know a bunch of our members uh went ahead and got out booked close to 50 of max profit And then this thing just fell apart with the rest of the market. So unfortunately we had to bail today Now keep in mind what? Happens a lot of times is is you know the day that After earnings and it opens up above the expected move and you get in a lot of times I mean the stock will just shoot up from there, right? Or sometimes it'll grind higher Gonna you kind of stay steady and that's what we're looking for You'll also notice that sometimes price comes down to around the closing price Of uh, where it where it closed before the earnings announcement and it'll bounce off that and and that's what we're seeing here. So Uh, you know, I talked about this in the comments of the alert There's you know, I wouldn't have an issue with Holding on or rolling this or just closing it and opening up a new one And and looking for a bounce in the next week because I think that's probably going to happen. I mean it it bounced pretty hard I mean it it took back half of its losses Of the day after it bounced off that level. So I wouldn't I wouldn't be surprised at all if this thing Ripped higher in rallies, but we just we just got out cut our losses But I made sure and mentioned that in the alerts in case you wanted to keep that dream alive and try to book profits in Ulta All right, so that is those are all the alerts. Let's take a look at some of the other positions John Deere, look at this thing. I mean, I guess the tractor business is just still good even with the market crashing Um, but we've got a we've got a uh, short call vertical here Price is just outside the range, but no no love on the downside from John Deere during this flush I mentioned dia IWM QQQ RH SMH. We've got a short strangle here. That's been adjusted Uh, price is hanging out right here. Not much P PNL not much profit or loss yet Uh, since we did this roll just waiting for some more time to pass I mentioned spx spy x bi Is our adjusted strangle. We've adjusted this into a straddle We're up about six hundred and sixty two dollars since we did our last roll there We'll continue to let some theta decay here. We're in october, so we've still got 35 days to expiration there So not looking to roll yet And then lastly xlk, which I already mentioned. So looking for some downside action in xlk We got a vertical bunker and and a long put so Those are all the alerts. Those are all the positions. That's our day trading recap If anybody has any questions, let us know have a fantastic weekend We'll be in the live stream day trading room all week next week from 9 30, uh, excuse me 8 30 a.m. To 10 a.m. Central That's the first 90 minutes of the market So if you can join us, we'd love to have you. We're having a good time in there Everybody have a great weekend. Talk to you next week