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Hey everyone, welcome to Power Hour Live, March 12th Wild and crazy day, S&Ps up 51, Nasdaq up 226 Russell down 5, weakest of the bunch Dow up 272, gold and silver red Notes and bonds red, tenure yield up 1.2 Oil slightly red, natty gas down 2.6 Grains are green, Euro and the pound red Bitcoin down a little over 1% VIX down 8.6% Down back below 14 at 13.91 I, uh, did a little trading today My early Rick hit right out of the gate on that flush I posted, I got into a late Rick and then A couple minutes later I just, I got out It was, it was forced and, uh Not what I want to do in my challenge account That's part of the challenge Staying disciplined not to do any discretionary trading in it So I just bailed So I ended up booking a couple hundred bucks on it Um, and then as far as my other stuff goes You can see by my P&L line I was a little bit positive, a little bit negative A little bit positive, a little bit negative Back in the, back in the positive I had several re-entry trades Got a couple stopouts but made most of it back These numbers on my price action ones are not quite correct I had an issue with, uh Well, Jordan said it was a toss issue Anyway, I had to disable one But I'm basically about even on my price action ones And then got my NASDAQ one on It's on the border Trunch one, power hour, vol crush It's up 37 PM Trunch Two o'clock, it's up 29% Power hour, Trunch two, vol crush up 19 PM Trunch two, 15, up 21% Power hour, Trunch three, vol crush up 24 PM iron condor up day, up four 230 PM Trunch, up 17 So, we can just kinda hold in this area Maybe slightly higher but not too much Should be good, here's my current, uh Position bubble Chadwick, how are you? Oh wait I didn't put Chad on Where is Dr. Chad? There you go, Chad, you're in Alright Um, it's been, it's been rough I'm not gonna lie Um, we've kind of been chatting in my, in the channel there It's, you know, bigger swings I've done, my AM number one got stopped out, full loss And that was, um, just like yesterday Started off with my first one getting stopped Um, was able to really dig out yesterday But, um, not today, so By the way, real quick, my, uh, Power hour update Trunch one just entered on the 7075s Two to one, sorry, go ahead Chad Yeah, so, um, Some of what I've been experiencing I think it's a little bit of bad luck I mean, I barely get stopped and then it goes in my direction That has happened twice today And both were full losses Um, and then, um My AM number two, I was able to book 20% and then Got stopped and then I had a positive lunchtime number two, um, book 20% And then I could kind of see the writing on the wall with the push up And I had just closed it out Um, so booked 520 there Which I probably would have lost that 520 It would have been a scratch trade if I wouldn't have just closed it I could see that it was on a mission to push up So Supply him red for the day And a little leery about Power hour Although I'm sure it will Sometimes you get these wild moves during the day It really calms down Yeah, yeah, tough day, man I, uh, Yeah, I was on my reentry stuff I was just, I was staying super small I was doing like four and six contracts And just trying to be pretty selective Which obviously today Was pretty hard Yeah So I got chopped up quite a bit on those But Pretty happy with my trading so far I, um Got some winners on some futures as well Rode the SPX all the way up from the bottom Basically to the expected move Got out And then when it pulled back Tried to reenter And got stopped out of that So gave some back And then when it got back above the expected move Got back in And I'm still a long one Yes, future Cut a nice winner in natty gas And a small winner in corn So really right now Between 70 and 75 Is kind of my sweet spot Once we got going here SMH Back up A couple percent After a little couple day pullback Tech up Well A lot of stuff green Uh Gold, regional banks red Real estate a little bit red Biotech a little bit red Everything else green Stocks, big up days Oracle After earnings I guess, yeah Oracle's up 12% SMCI up 7% Nvidia up 5.5% After a couple day pullback Can't keep a good chip down Meta up 3% Microsoft up 2.5% Netflix up 2% Red side bowing down 4.5% Ooh Bowing getting a little dicey Did they have another door blow off or something? I don't know Bowing, you just can't get it together, can they? Makes me really confident when I go to fly somewhere Looks like she wants to push So I'm just kind of holding off right now Entering SPX at 51.75 All-time high at 51.89 Oh thanks, opt for dollar BA Canceled orders on a 737 max Oh Houston runway accident as well, okay Oh really? That goes There she blows Yeah So for all my power hour and PM tronches My upside, I've got the 80 calls 75 calls 70s So basically 70 to 80 So 80 Above 80 Above 80 Like we pushed to 85 That'll be a little bit of a pain point For her to stay right around this area Yeah, NDX The good thing for me with NDX was Because of the strikes available It took five wide on the upside, so that's helping me But yeah, it's right out of range here My range for my NDX trade was Quite a bit smaller than Compared to the expected move than normal I've got the expected move With the vertical lines And then My iron condor is quite a bit inside that On both sides The names are looking scarce Chris, I've dialed down my normal power hour But because I'm going in with the power hour The early power hour Ball crush ones So between my PM tronches And my ball crush And my regular power hour I've got some good size on But I've had to kind of Look at all of those In comparison, so Because they're all very highly correlated A discount NDX expected move At the beginning of the day was I had it at 159.2 That's what I saw Right at the open Oh, thank you, huh? Yeah, I was looking at NDX It's coming down just a little Of course, this big range At the money flies pretty cheap Can I take it? Yeah, I'm going to get in I just got in the 5175, 5170 30 points wide I don't know if any of you Have had this experience Any of you trade steward users But today I had Because I was doing multiple of these Basically what I'm calling my Discretionary price action iron condors And I just, I have it set up as a User, what do they call it? User triggered bot So I just hit I just hit go Select my quantity and get in So I had multiple of those On today And I don't know I have to figure it out after the bell But at one point It was like trade steward was Trying to close my biddlest longs But it was on an overlapping strike With one of the other positions And so it's like toss What Jordan said was toss Somehow mixed up Looks like it's an issue with TDA's margin library Incorrectly determining which Longs were covering which shorts So essentially it was trying to close Some longs and it kept getting Rejected and toss And it just kept I just kept getting rejection orders Over and over and over It wouldn't stop I was trying to figure out what was going on So I called the trade desk And I was on with them Getting ready to tell them what was going on And then somehow got disconnected And so anyway So I was just like I'll figure it out So I jumped in figured out which Leg Was the issue And I just disabled that bot And it took care of it And then I just had to manually Manage that one For the rest of the time So it wasn't that big of a deal But it was really annoying To toss you get those pop ups Let's just get popping up Submitted rejection So anyway If that happens to anyone Just make sure you Disable the bot With that little pink hand And then you can manage it manually That'll help the issue My white tiger that helped me Happened to you before That's interesting Elliot I'm not on Schwab yet though It sounds like kind of a similar thing Chris if you disable the Closing the bidlist longs then It just So sell bidlist longs On exit If it's disabled the system will Still not include Bidlist longs on the legs and the closing trade However if disabled No sell to close order Will be sent upon closing the order Upon the closing order being filled So I'm not sure exactly If that would have I have Sell bidlist longs enabled On all my bots I don't know if that would have made a difference Discount I Changed my bot to fire A couple minutes later and then I changed it back So today it was at The 931 time I didn't like my fill yesterday With a little bit later but Not a good sample size by any means but Just figured I'd go in at the open And a little bit of theta decay here Oh good discount yeah keep me posted I'll be interested to see what the What the difference would be We are just hovering right under highs of day Five seven DTE Double calendar came roaring back It's up about sixteen percent Put on a one two and a one three earlier Today the one two is up eight percent One three is up eight percent So I'm gonna Try to close Six to ten percent I'm gonna close So let's see I got into my one two At Eight twenty five So it'd be Eight twenty five So about nine ten Order at nine ten to close part of that Also need to check my Single put calendar Read that for now Just a second trying to take care of the position here It's like it wants to push up Here comes Tronch two Tronch two power hour Was Seventy five eighties That's what I got into Seventy five puts eighty calls Yeah I'm in that one too I'm two to one puts the calls Okay I'd like to see a little pullback here I would think you're Right close to twenty percent If you get a little pullback right Yeah that first one yeah that's what I was saying Right We could hang out right here I will have a fantastic day If we start ripping I'm not gonna have a very good day I like to press my position size On these updates because they're so High probability The last update Did not work out Which was When was that last one was it On the seventh maybe There's a little pullback Yeah I should be getting close here Oh that's wrong I looked at the wrong Put that in wrong Yeah I'm about thirty cents from Twenty percent I'm gonna take I've got I've got too much On the sixty seventy five So I'm gonna take this little pullback To lighten up a little bit Just not comfortable with all that size That I have on So I'm just gonna close my Tronch one ball crash Look sixty percent I need to come down like too much here now Alright there we go I'll feel better Took some chips off the table Lightened up just a tad on some of those lower strikes On that pullback Still have Tronch three coming here in a few minutes He's about twenty cents To shed some here On my number one Did anybody get in a Wuga today? Or people Not take the Wuga because of the CPI numbers today I just don't I only take it on a normal Day if it's an update like this Where we're up over half percent I don't take it Because I got too much other stuff going Gotcha this goes in it Pullback but didn't get to twenty percent Alright It must have been a bit less long Reaping back up towards highs of day Yeah don't like that price action Little buddy the Russell just can't Go green today I'll choose now getting close to twenty percent Down move down It's far enough They can hold on I'm getting close To twenty percent on both of mine But it's got to hold on New highs of day I got a half of one And I got a half of another Tronch three coming in Must have been theta decay Got a fifty percent of both somehow Tronch three just got filled On the seventy five eighties You just hit twenty percent on both On both On that although I was kind of surprised I think it was some theta decay that got me on this The one I was a law center Alright nothing crazy nothing crazy Just kind of Go take a nap SPX You need a nap you've had a big day Yeah yes for sure Oh boy here we go Yeah not good No just a little tease Just a little tease pop I just got both my OCOs and I'd like to get these in before it just takes off You know it'll solve that Templates Yes sir I mean I even created a template for you I know Power hours when they would be really handy Because a lot of times They go quick It just The biggest thing is it just reduces A lot of human error Right and I've had that before And You know the other thing that Is a very minimal chance of happening But at some point it might is You know You're leaving yourself naked For a brief moment while you get your OCOs in Right So if something Crazy happens in those Twenty thirty seconds It did on me one power Hour I think it was a I didn't even get my OCO in time And it just moved way out That happened once I remember You keep pounding me enough I will get those set up I mean I'm just trying to help you So you don't You know take a big loss before You decide to do it That's the name of my game I have to take a loss For it to slap me in the face Before I do something To avoid having it happening again Once you do it Once you get used to it The biggest issue Is taking some time to set up The different templates ahead of time But then once you have them set up You're like oh my gosh I can't believe I ever did this without these Because adjusting your stops Down All that stuff Once you don't have to do it every single time You just have to go in Adjust your stop A lot easier plus you're covered the whole time Sure I'll make it Something I can I'll make a note to myself to do that tomorrow I have plenty of time during the day to do that So I've got one My PM iron condor update It's got the 7065 strikes I'm thinking about letting that one go If we get a little pullback here I've still got a lot of size on Probably a little more than I should Over 28 minutes till the bell Sitting pretty good With both my power hours right now So that's definitely Helping my day Well that was one of my My very first re-entry Just closed the last two contracts at 50 cents Very nice, very nice There's a little pullback I'm going to take that pullback To take off my PM iron condor It's on the 7065s If it keeps coming down I'm going to regret it I just need to lighten up a little bit Alright, so 75 is my sweet spot I would take that Let's see what the 75 flies Trading at 30, 40, 25 minutes to go That should be getting close to 40% On some of these Alright, theta, time to do your work VIX is kind of Popping up the last couple minutes Last 10 minutes And of course STX Coming down 40 cents away That filled on something My calendars 1-3, hit 10% Nice, don't need any Massive moves up Sit right there Sit Ubu, good dog It's not listening That's trying to go through highs a day I think Yep That's it SPX I get A lucky lot 40 cents away from 40% In power hour number 1 Alright, so my NDX is a little bit at a range Trunch 2 Volcrash up 64% PM Trunch 215 Up 64% PH Trunch 3 Volcrash up 77% PM Trunch 230 Up 77% Power Hour Trunch 1 Upday at 52% PM 255 Up 64% Trunch 2 Upday at 29% Trunch 3 Upday at 12% I hit 40% on my power hour number What was that? Number 1 That's far enough I just hit 40% on power hour Number 2 Very nice Alright, let's see if this at the money flies at now Still at a buck 45 About 50 Naughty Dog has your end of day fly Are you still taking 30% profit? We don't need any end of day profit taking End of day sell off Not allowed today Alright, so I hit 40% on both That has helped my day Big time And I just changed all my profit targets to 90% Because I may have a little My home's play going I've got an order on the 75 fly at 2 bucks Looks like it's trading at about $1.60 $1.70 right now Well, it's sitting pretty good for Milo Both my trades here Daedalus, are you talking about the bot selling those? Yeah, it's got a debt market order That's just how the bot does it Yeah, those end of day fills up for $1.00, those are Not gonna be great with With that end of day fly But remember, if you get filled at 2 bucks You're only risking $300 and that's if it pins So practicing with one contract isn't uh It's not too steep of an entry Alright One minute until the MOC I'm just saying you're only risking A few hundred bucks to do it for real To get real fills To test it with one contract Technique, yeah For sure, that's Absolutely what the paper trade is about Should start hitting some 90% Here pretty soon $2.9 billion sell side I'm not gonna take an MOC trade It's not over three, but pretty close $2.9 bill to the sell side Hopefully that doesn't Cause a little sell off here I'm not gonna fill on my fly yet I'm just gonna fill on 90% on something On my Trunch 3 Valcrush, some more poppin Alright, filled at 2 bucks on my fly Alright, got both of my verticals in for $1.00 Looks like I got some calendar trades that just filled Alright, so get a little bounce So I've got Left Trunch 3 update, Trunch 2 update 255 pm Trunch Trunch 1 update Trunch 2 Valcrush New highs of day I'm doing my Homes in a different account, but I'll put it up here I'm gonna push up to 80 to get My put vertical filled I didn't really want this push up Come back down Put vertical trading at about a buck 40 There she goes Stopped out on A little bit above 80 to get filled on my For a buck Put vertical Looks like it's trading at about a buck 25 My put vertical doesn't get filled Anything above 78 Basically it'll be Profitable on my fly Come back down 3 minutes to go I'm setting dead center on power over 2 Trunch 3 update is about to hit 90% Yeah, my power over number 2 is gonna expire Dead center, so We get below 75, all 3 of my last positions Would pin Well, they'll hit 90% before they pin, but Power hour saved me Hour hour was the hour of power Today Minus $155 Thanks to 2 power hour trades I'm currently up about 15k Nice That's Rick That's probably about 17 Here's my P&L graph Chop chop all day and then power hour boom Alright Need a little move out of 75 For my Fly not to get Hit 20 seconds to go Move down to 70 would be beautiful They want a 75 pin That is what I don't want There's the bell Basically a 75 pin Took a loss on the end of day fly, but I'll take that because Well, I don't think 23k is right That little down move definitely helped Yeah, my ndx is showing Plus 6k, so that's not right. That'll settle out Great day overall great power hour Should say choppy Power hour big day Nice Elliott 26k I don't know my total yet My couple of my bots are off And that ndx is showing off so Good day though Alright all, take care Let's see tomorrow's live stream chat We stream in the morning And then we'll be back for power hour Everybody have a good night Take care, cheers Peace