 What we want to do is just take a look at what happened and I'll just go over what I just said basically if you see the Asian markets they were all very nicely up but Europe is a little soft and so you'll see that our futures are also softening from its high level and so I'll take this out of the picture again and so we can focus on charts. If you look at the previous day session which was on Friday, Friday was a strong day and so in India it starts at 8 p.m. which is 20 hours. So you may see times like this and the markets end at 2.30 a.m. in India and so you'll see that the general market open hours are between 8 p.m. and 2.30 a.m. here. Also you'll see that or the biggest opportunity for day trading comes right at the market open and so if you look at 20 hours here at 8 p.m. you'll see that some of the biggest moves come at the market open and so that is one time you want to take advantage. After that the big traders go for lunch and things like that and then of course there can be some pretty good action in the afternoons as well but basically what it is and for a day trade you want to take advantage of the market open. Now that doesn't mean that you have to go into the trade as soon as the market opens. We just need to study the sentiment a little bit and so very often you'll see that the market open really presents the best opportunities. Basically what we did even on Friday I think most of the trades that I've taken the sample trade videos that I've made are all just a little bit after the market open but today as you can see we just have about 250 so it's a very muted opening for the day and so let me go back here. So every day in the morning when you see these please bear in mind that this is the signal sentiment as of the close of the previous day and you'll see that as soon as the market opens all of this will start changing right away immediately. So that's one thing to keep in mind and so we'll keep an eye out for Netflix, Tesla and Boeing on the bullish side and then on the bearish side what we want to do is in case the S&P starts going negative then what might be a good put option trade would actually be Amazon because Amazon might show that it's up 30 bucks in the pre-market but if the S&P is going down it's going to give away some of those gains from those 30 dollars and so a small put option trade might not be too bad and the thing with Amazon is they have very expensive options and so are Google and so is booking so these three stocks as well as the SPX index itself. So these are stocks where you just want to take very small contracts and also go out a little bit on the Delta whether it's on the call side or the put side you want to go out to no more than about 30 32 Delta otherwise these smaller stocks we can easily go up to 35 to 40 Delta. Okay it's just opened and let's see the ES is right there and it's moved into bullish into very bullish that's good so we have Google we have Tesla and Tesla is moving up 4.78 Netflix is moving up 5 4.67 but you can see the ES is softening a little bit and so this was what I was sort of concerned about whether it might take a little breather but what happens usually is either it takes off in one direction at the open or it does a fake out and so in the sense of a fake out meaning now you can see the bar going down on the S&P but within this either this bar or the next bar it will turn around and go up so those are the general two general popular ways that the markets open one is it just shoots off in one direction and that's it you know it's gone and that's what happened on Friday but today it might do somewhat of a fake out it wants to go up but then it wants to make sure that you know there's not a whole lot of selling going on so that's also possible here but as soon as we get a decent signal on one of these you can see Tesla is also pulling back just like the S&P there I'm going to zoom in slightly on Tesla as well and let's just take a look at Netflix as well and also Netflix is I'm sorry yeah so Netflix is actually looking stronger than Tesla if you can see the charts so between the two I would say Netflix might be a better option let's see Boeing has also moved into very bullish so let's take a look at Boeing as well but Boeing is pulling back along with the S&P so at least so far it looks like Netflix might be the best opportunity right here and you can see now the S&P is trying to move up over past that fake you know what I'm calling a fake out so if that's the case if it moves up nicely over there then what we would do is try to take a trade on Netflix because out of the three I think Netflix is looking is looking pretty good so let's just wait and see and see what happens here so the first bar is not very convincing either way bullish or bearish Netflix is still looking bullish if this goes clearly into the green on the on the ES then I think that would give some confidence to take Netflix as the trade for the day Netflix yeah it is moving there and Netflix has gone up by $6 so what I'm going to do is go to Netflix and let's look at we got four days left that's perfect so we have let's say about a 36 delta so I'm just going to put this here five contracts this would be about a $2,500 trade but while we keep this ready I just want to make sure that you know the markets also don't change on us okay all right so we are in at 510 on Netflix and so let's do let's go back to our market watch now what we'll do is you know we've got Netflix on the on the bottom left and we've got the S&P on the top left and so let's just watch these two and see what see how this develops so Netflix is moving up now it's up about 7.24 what do we have about $200 up and here we are Netflix is going up again and there is the ES also seems to be recovering a little bit let's see how we stand 225 not too bad not too bad especially given that the S&P is showing a little bit of weakness so here we are this Netflix is going past 305.42 and so let's just see what our situation is okay 250 $300 not bad now it's punching up even more higher and so here we go 375 so let's just keep an eye out on the profit because so it's a $2,500 trade so you know a $500 profit would be like about a 20% ROI on that obviously if the momentum is strong you can hold on to the trade but looks like there's going to be some wobbliness in the markets today it's not the kind of market where it's going to just charge in one direction that's not going to happen so I would much rather take the profits even a 15-20% return take it and so in my opinion I've done this you know testing on these things the best thing is you take the trade at the open at the market open and you you know if you get a decent profit you take the profit and you close out for the day okay you close out for the day that's the best way to consistently build the account on a daily basis the more you trade the more the markets will soften or turn back and the momentum will go away and all that sort of stuff you know starts happening and so you tend to give back what you made as you do more and more it's like the casinos you go into the casinos to play blackjack the more you play the more chances you have of giving back whatever winnings you might have had in the first place so here we go so here we are at 450 Netflix looking okay SMP looking okay so we can still hang in the trade let's go see what we have on the signals they should I believe should all be still in the very bullish that's great and so now the SMP wants to move higher and so this should take Netflix hopefully higher along with it so we are at 305 let's see what profits we have now also one more thing you can do is you can scale out of can scale out of it so instead of selling all five contracts let's say you want to capture some profit so each one can you know take this kind of decision I'll say okay let me sell two at let's say 605 right I mean we have let's see what is the profit here okay 489 and so so here we have at 6 at 595 590 you know if you want to take a little bit of profit you can say two contracts and let's just I'm just showing what you can do so that you know I think it just moved up a little bit so here we are and so PNL for the day and PNL open so we've captured some profit so that's good so we have three contracts left over here and so let's put that over here and so there we go so now we are at three point I mean 306 and so if you look at our profits now here it's gone up to about 559 totally for the day and we've already booked some and it's gone up to 630 665 so why not I mean you know take another contract off and do 670 let's do and let's sell one contract I mean because it's good to take these profits because these signals can change I mean this is a day trading environment and so these signals can change and so at 650 I might want to take one I got 660 for that not bad you know if it doesn't if it's showing some weakness here you go it's showing some weakness I'm closing it okay so that's it you know let's take what we have and let's not get too greedy 6.65 just watch this here yeah S&P is going down so I'm just going to close it 6.85 all right so we are in at 6.95 we got it we got exact 700 dollars guys okay so this is how you would you know take advantage of this now you can see there's some you know it's some flatlining going on over here so do you consider scaling yeah yeah yeah yeah no not if the trade is going in your favor I wouldn't do it but if it's not going in your favor then I would consider doubling down one time that's it but not if it's going in your favor because these things can change anytime guys okay they can change like this one can change anytime I mean ES is still showing very bullish but I wouldn't be surprised if this continues that ES drops either to the neutral or to the bullish side okay so you gotta understand the algorithms are day trading algorithms so they look back no more than about 20 25 30 period you know things like that and so small changes in price action can take the signal away and so you know I would say don't scale in if your position is going in your favor you put in a five contract position if that's your size if you put in a five contract position that should generate enough profit so you know it'll make it'll make your worth you know it'll make your time worthwhile so here you are now it's gone to seven but that's okay I mean you can't second guess yourself you had a good trade and that's how you have to look at these things