 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. A 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 gotta make sure you got the right back test. Swipe to sleep away, make sure you're awake, cause we don't have time for fat pinker mistakes. And race your condo, to get those pills, straight, small gap. Good morning everyone, happy Friday. Today is December 15th, halfway through December. Getting closer to Christmas. Hope everybody had a good night. Pretty flat market, S&P up less than one point. NASDAQ up 44, Russell up 5.5, Dow down 13. Gold slightly green, silver slightly red, bond slightly green, note slightly red, tenure yield pretty flat, oil up about a third of a percent, natty gas up 3%. Grains a little bit mixed and flat, Euro and the Pound slightly red, Bitcoin down over one and a half percent, and VIX down 2.3%, trading around 12.19. That might just be the first time you've, you've joined in the morning session, be more trader, it's not as good as Power Hour, but it does the trick. S&P dipping into the red now, opt for dollar. How do you mark the chart on today's range? So on TOS, I wait till the market opens, this is from yesterday, but you just, on TOS you would right click, add drawing, and then add a price level, this one here. And so once the market opens, the expected move today is around 22, which can be found here on the option chain, zero DTE plus or minus, looks like 21.76 now. So after the market opens, I'll just manually mark that on my chart. Are you saying you want more live performances, Ken? Yeah, from the opening price, yep. I'll do it here, here in a few minutes. I'll show you what I do. Opening bell in a little over a minute. So not much setting up today, maybe JSP's, since the S&P's down a little bit, but too much of a vol contraction for me to sell premium this morning. Might get in a little quiet lunch later if it qualifies. So this will probably be a quick pretty short live stream here this morning. But if you all have any questions or topics you wanted to cover, we can certainly do that. There is the bell. Yeah, so today's expected move range about 21 point, call it 21.7. So I would just hover over the first five minute bar here. The opening price was 47.14, 36 on the upside, a little under 36 on the upside, and then a little under 92 on the downside. So about right there. So JSP's did are in qualifying mode. So if price pushes above the open, then my JSP's will kick in. Trader Steward does use like five seconds after the open to use its opening price. So it's not going to be exactly the same as the opening tick for SPX, but if we make a push up, it should trigger an entry. Well, and it already triggered an entry. So it must have used an opening tick here down towards the bottom of this bar. So I'm in the JSP's, which is short to 47 tens. Yes, Dark Avenger. I need to figure that out. I actually posted the morning update. I forgot to do that. So I planned on doing it live with you all. So next week, nothing on Monday, nothing on Tuesday, Wednesday, consumer confidence, which is not a big deal, unemployment pre-market Thursday. So really not a lot going on next week. So it is the week before Christmas. So the week of Christmas, between Christmas and New Year's, I'll definitely be very light on calendars, but going into this week, I don't think there's any reason to to lighten up too much. So I'm going to go with a three, five. Well, let's start at the most recent, as far as the New Year's time. So 215, do a four, seven. So I'll do a four, seven. I'll do a four, seven and a six, seven. Do a three, five and a three, seven. Yeah. So I'll do a four, seven, six, seven, three, five and three, seven. So I'm going to update my positions and updates here. Four, seven, six, seven, three, five and three, seven, DTE. All right. Just updated that in the positions and updates. Meanwhile, SPX, not doing much yet. VIX popped up a little bit after the open. It's only down 1%. Yeah, LaSosa. So Trade Steward uses a opening price five seconds after the open. And so the market kind of marked down on the open. And so they used a little bit lower price. So when it bounced up just a little bit, Trade Steward triggered. I wish it was more exactly at the open, but based exactly on the SPX open, but for whatever reason, they have to use five seconds after the market opens as their opening price. I'm in the 47, 10, 46, 30s. And you'll notice that too. I noticed that during power hour one time, when it was right on the line between like an up day and a normal day, right at that 0.5% higher on the day, it didn't trigger because it used just a slightly different opening price. So just something to be aware of. Not a meaningful difference one way or another. You just need to understand what they use as their opening price. S&P down 10, NASDAQ, the strongest, still green. Just looking through the different futures, seeing if there's any futures trades I want to take. I'll take at this point. MRP, are you on here this morning? I just saw your message. So for my Rick trade, so your question is about the time frame. So I have my time frame to be a little bit flexible between the open and 10, 15 AM. And so what's your question? How does the back test decide when to open? It's basically if this criteria is met. So if you look at the trade log, what you'll notice is that it usually opens near the open. I did that just to play around to see. I tested different time frames between the open and 10, 15, and just really found opening some time between that period was what I wanted to do. So that's why I have that. What I do is not always going to be exactly like the back test. I'm not always going to open right at the open, but you can see the trade log pretty much does. Unless the criteria doesn't fit right at the open, then you'll see sometimes it opens a little bit later. But that's all that is on November 14th. I would assume it's, yeah, if you look at VIX, well, I don't know. Actually, now that you mentioned that, oh, that was November 14th. Hang on, November 14. Yeah, so it looked like price must have been below 14. The VIX must have been below 14, and it popped up, and that's when it triggered, because I have a minimum VIX filter of 14. So that's what it would have been. Yeah, JSP's up 20%, so reducing my stop on my JSP's. So when it gets to 20%, I don't take any off. I just reduce my stop on the JSP's. Yeah, anytime you have a time range like that on your back test, it looks at all your criteria, and if all the criteria fits at the open, it's going to open first time all the criteria fits during that time frame. But if it doesn't fit at the open, but it does at some point during that time range, then it would trigger a trade is how the back test does it. ED HNC, any recommended reading with options experience to learn futures? Not really. I mean, futures, you can really just think of futures trading. I mean, it's very similar to like just the trading, it's a stock. I mean, you're just buying or shorting it. The only difference is, well, I mean, there's a lot of differences, but the main difference is your futures are very leveraged. So you're making a certain amount per point, and then futures also have expirations. So you just want to make sure that you're in the most active cycle, meaning the one that has the most volume. There's a lot of little nuances just as far as how much each tick is worth. S&P is worth 50 bucks per point. So if you're long, one contract for every point it moves in your favor, you're making $50, every point it moves away, you're losing $50. And then each, every contract, Nasdaq is 20 bucks a point, Dow is 10 bucks a point. So you just got to just kind of learn what the tick values are for each one, which in our futures options course, we have a cheat sheet with a lot of that stuff. The futures options course doesn't talk really about specifically trading the underlying futures, but it'll give you a good idea of the size of each one. There's no uniformity whatsoever in the futures market. There's different exchanges, and they have different values, and notes and bonds are still on fractional versus decimal systems, which is kind of crazy. Yeah, thanks, Anil. Tasty would be a decent place as well to kind of learn some of that stuff. And you've got the regular size futures, like ES is the normal S&P futures, and then there's the micro, which is MES. It's one-tenth of the size. A lot of the futures have micro contracts now. Most of them are fairly liquid. Some are not. Like the grains, the micro, soybean, wheat, corn, those are still fairly illiquid. I've traded them. They're tradeable, but just not as nearly as liquid. The micro S&P, Nasdaq, Russell, Dow, those are all fine. Micro gold, micro oil, micro natty gas, Europound, those are all, and the micros are really good starting contracts because you can get pretty small size. SPX just kind of chopping around. So today we had Empire State Manufacturing Index report pre-market. I guess just three minutes ago we had the Flash Manufacturing and Services PMI. Apparently that didn't mean anything. That's it for news today. JSP is back down to about even. I would need a push-up to basically around 47.24 to hit. If it happened quickly, it wouldn't have to go quite that high if it happened slowly, as theta decays. Yeah, I already reduced my stop. Yep. Is it 20%? Decay, remove trailing stop. So my JSP, remove trailing stop. Yeah, that did do better. I never trailed this stop anyway. I don't know why I had trailing stop on my back test. I would ratchet it down after it got to 20%, but I guess maybe when I did my OCOs I was trailing it. But yeah, that certainly improves it. Thank you, sir. Yeah, I don't know why I had a trailing stop on that because I never trailed it. That's okay. Well, good. Well, I was trading it right. I was trading it the better way. I just didn't have it set up in my back test, correct? I'm not sure that that's good or bad. It makes me feel good about myself. All right, my friends, I'm going to jump off here unless there's anything else. We'll be back for Power Hour Live. I'd push up to above 4720. We'll be getting close to hit and profit targets on our JSP's. Quiet Lunch qualifies. I'll trade one of those. As per the one in my plan, it's the early lunch to 1051. So we'll see if that happens. Otherwise, we will see you all for Power Hour. Take care.