 What is going on everyone? Happy Wednesday, September 6th 2023 got some red coming in today Dow futures down 48 and as that futures down 37 S&P futures down eight and three quarters Vix's up about one and three quarters So not not a very good start here. We'll have to see what happens, but yesterday I after the live stream I kind of took a look at Oh a lot of stocks I trading and tried to find some new ones because a lot of ones what you used to trade were Which don't trading more so I got so small so First page I got here nothing really changed. There's main stock second page through in McDonald's Through in Costco Okay, so, you know, I think I got rid of like Peloton and DK and G there Then through in Marriott and may are Marriott and What else? Mastercard and Lulu and Home Depot and Lowe's So just some new some fresh blood I guess and so if If I trade these new stocks I put on here I probably would go a little smaller just because Haven't day traded them before And so, you know, I was looking at like their option prices yesterday is kind of looking at their volume and You know, everything seemed to be similar to a lot of stocks I trade and or that we trade here And like I said, I got rid of just stocks that were about 25 bucks under that I had on my board then I rearranged my Think or swim So as you can see I've got four pages you can see the tabs in Orion here then for my think or swim I basically have Four Watch lists here and those all coincide so with my four pages in Orion So when I go to trade I can just easily Find the stock I'm gonna trade, you know, if it's Roblox click on it there and then go to the trade tab so And I did a little reorganizing yesterday Bell has rung so Indices starting out in the red So anyway, I'm kind of excited just kind of watch some of these stocks and see like, you know type of volume they produce Type of price movement, but like I said, I I probably would you know, probably max out at like 1500-1600 buying power if I got into some of these these new stocks I've got on the board just until I can See kind of How they play out in terms of volume price movement and see if they follow our rules Roku's up 12% So Roku spiked up This morning. I just noticed that What is going on with Roku? I have to see if I can figure out what's going on with Roku Streaming stock jumped 12 and a half percent after announcing plans to lay off 10% of its staff Roku also lifted its third quarter revenue guidance saying it now expects revenue to range between 835 and 875 million So they're expecting higher revenue Roku said it plans to consolidate office space and review its content slate trim expenses so trimming expenses and Higher than predicted revenue interesting and Roku up to $92 man, it's almost doubled in the last couple months here Almost down close to 50 Have not seen any chat. So hopefully you guys are hearing me loud and clear Most everything in the red home depot barely green Marriott barely green Metta barely green Netflix barely green and then Roku up 12% Vicks Up 2% you can just join this When I started the live stream, I told everybody how I put in a handful of new stocks on my board I think seven actually to be exact so So got rid of some of the smaller stocks that we just don't trade anymore in our second bar here So yeah, I'm really really interested interested to see like some of these new stocks and just see what they They do in terms of volume and if I don't give it a couple weeks and if it if they don't don't look like they're Give us much volume and I'll just Take them off. I also don't like it when like, you know, the volume is so small. You can't really see it And you got to make it wider. I'm sure how to fix that Roku shooting up up over 14% Baba Getting a potential upside volume runner. It's about halfway there was we're halfway through By do you get in a big volume bar to to see if it stays red or if it goes green? So by you really pushed up there now. It's green So it looks like Baba and by you are gonna get upside volume runners They we trade the two days to expiration option chain to DTE So I'll look for a pullback in Baba or by do Tesla coming down Got about a minute left Let's push up and bought by Baba Baba there By do is there gotta see a pullback Mary got And volume bars just needs to be higher so I can see it. So Tesla did not get there in close but Did not get there By do I thought it was gonna pull back there a little bit, but Baba and pulling back just a little bit Baba I would trade the 95 calls and Popped right up She's gonna give me give it a second here. I don't want to get a really bad fill. It's coming down a little bit It's gonna get filled with a buck 40. I missed it. I look at by you really Really pushed up Not sure what's going on Try to adjust here Fill to the buck 43 And Baba just adjust an opinion at a time until I got in and By do you really pushed up? It's already getting another big bar as well I would close half of my Baba to buck 60 Geez, look at by you Wow, that's how Baba does that By do you could have got in like right away, but man, you'd have been quick Quite pushing like by you is I don't see any mighty 90s setting up right now Baba and by you both have big volume bars again. Remember when Baba used to be bigger than by do Terms of price as much as they've pushed up. They're only up about half a percent Bodies up half a percent of Baba about 1% Yeah, and by you would have been Amazing though goog get a potential mighty 90 Short so goog I would trade the for mighty 90 138 puts Builded a buck 50 Jumped in just almost into this bar. So I just jumped in Always add to goog as well How about no push-up? yet I would add to my goog if it gets down to about 135 dollar 35 Now I would close half my goog at a dollar 65 Yeah, it should be close to getting filled in Baba and get out of half my Baba here tick up tick up. So I was Really close there Builded a buck 59 to get out half of Baba So it just did a penny and a big volume bar from Baba to man. Wow I'm for two red bars out of goog Apple coming down AMD is a little mighty 90 long Although it's a really tight range. I don't like this type of tight range like that And some of these new stocks may just can't see the volume for some reason. It's just so tiny there we go Nvidia getting the big volume bar to the downside here. And so is Tesla I wish goog would be coming down with them. Nothing but big bars for Baba and Baidu So we'll see if we get a little bounce out of Nvidia or Tesla Nvidia is bouncing a little bit and video. I would trade the 480 puts 480 puts See if it fills me at six bucks and Chris off popping up That's interesting Build it six bucks and Nvidia. That's the 480 put and good really popped up So goog I'm gonna add to my goog Same 138 put filled at 123. We're not going anywhere So some interesting price action here For sure We definitely could have got a way better fill in Nvidia than me and Baidu ripping up still Tesla it's having trouble Tesla I'm gonna go short Tesla here another volume runner 250 puts Build at 420. So it's just it's some of these have pushed up quite a bit and it's just really struggled Goog I'm waiting for two red bars consecutive So I'm in three I'm in three Trades that are all going in the same direction. So I'm not going to add I wouldn't add another Short that's kind of my one of my risk management rules. I Would close half my Tesla at 465 Build at 465 to close half of Tesla Nvidia is sitting about where I entered. So it kind of stinks. I'm not going anywhere Trying to break through highs Apple down the lows Amazon through highs little two-way action going on today Good to come down. What is this market gonna do? Close half my invidiates. I have a order in it 660 and they got filled I think I'm gonna forgot to mention that So like, you know, how if you're new how I do my my fills at 10% So that was six bucks got filled 10% easy math 660 Good to turn around and come back down Square trying to go through highs of day. I would close another Nvidia at 720 Apple through lows of day build at 720 To get rid of another Nvidia So I got one Nvidia left. Yeah, I haven't had anybody in the chat. You guys hopefully Someone someone post something so I know that y'all are hearing me anybody Somebody in the day trading chats got to be listening Nvidia getting another big bar Thank you. Thank you Jim Tesla popping back up. What are you doing? Goog So in Goog, right where I added to go I Need to close out half here filled at a buck 62 To close half of my goog Man, it's a nice little drop. We'll kind of let an Nvidia run down Boba doing Bob is still kind of hanging on so in goog, I'll get out of my last goog here when it Was bar closes looking for two consecutive red bars Nvidia I'm just kind of letting that run down right now. It's a downside runner and I got a big bar So try to get as much out of that as I can I'm gonna close my Boba build at a buck 30 close Boba So I gave some back there and Boba close another goog Filled at $1.80 ooh Tesla coming down check it try to get out of another here in Tesla Filled at 535 close another Tesla. Yeah, two Teslas left And Nvidia getting another big volume bar. Wow Oh goog Say what it's a beautiful thing when you're caught in a Flush, and you got three three shorts on Built at a buck 90 to close another goog. I just have a lot of good contracts because I added to it And there was only a buck 50 and then a buck 23 to add So I might leave some Goog I may just close it looks like it might begin in my getting a mighty 90 long So I'll probably close goog even though I've got still got a ton of contracts Nvidia. I'm gonna go ahead and close my final contract It's just one If I had more I'd definitely leave some on Filled at 1015 in Nvidia. Wow monster Yeah, good out in Boba Disney pushing highs Walmart pushing highs Marriott pushing highs JPM getting a mighty 90 short coming up to a pivot JPM. I would trade the 146 puts a little buck 20 JPM Mighty 90 short You definitely can get a better fill than me It's a 146 puts Tesla can get out of another Tesla Filled at six bucks At one Tesla left Okay, so goog Gonna go ahead and close my goog got two bars. I'm just gonna take profits Builded a buck 96 What a reversal what a mighty 90 that was And it could still come down who knows how JPM really popped back up through that pivot higher than I wanted it to So I've got one Tesla left and JPM left man Big volume bars to the downside Nasdaq really flushed there Mighty 90 long in Netflix, but I don't think I'm gonna get long anything right now Tesla I'm gonna watch it here. I don't want to live through any bounce whatsoever here. I could have left some on and goog Really flushing Wow, I just didn't want to be greedy. I'm gonna go ahead and close my last Tesla out Let's say 650 it would have been just amazing if I left some on Mighty 90 long and meta get some we're getting some long setups here. Oh McDonald's really pushing up Roku. It's just been coming down since its initial push up See good. Goog was getting a mighty 90 setup long. That's why I got out of all my contracts Now it looks like Nvidia's gonna get a big volume bar and Tesla maybe to order a versatile Apple big volume bar Man lots of opportunities today Amazon had a mighty 92 that would have been a beautiful mighty 90 short. You're not pushing through highs Yeah, yesterday. Marriott's volume was bigger. That's my surprising so So small may not be able to trade that one So mighty 90 and JPM are looking for two red bars. Good coin base and it fell off Thanks, Mike. Just a sense of comfort knowing it. Everybody's hearing me loud and clear It's one less. I just one last thing I have to worry about is I'm live streaming a beautiful ad that was in goog Okay, so Tesla breaks through the pivot I'll probably just cut it and give it a little bit back here There is a lot of mighty 90 long setups going on right now Metas got one and Apple still another big volume bar though. How weak is this gonna get folks? Times like these were I used to get really greedy and try to keep keep Profiting from the the big push But then I would get reversals and my big green days would go to Small green days because I get a little greedy. So I'm not just necessarily gonna jump in another short here on a little bounce like some of these are having although like You know Apple it's pretty good setup there to continue short. You still want to play the You know play your play your rules and JPM is just not it's a good mighty 90 setup But if JPM see where it's at it gets to like Bucko five I'll add to it Wow, goog Unreal square had this mighty 90 up to the pivot that would have been a great one I mean, I had a lot of contracts on a goog because I added to it So I could have definitely left some on but I think I was so happy to get this big flush that I just Wanted to take the profits See ya Apple and We're a bit juicy the video and Tesla kind of mirroring each other Volume isn't very high in some of these new ones Microsoft pushing through Lowe's Apple goog man. What are the goog puts that that I was in the 138s? Holy cow 230 234 I could that could have been a four-figure Four-figure winner for sure Roku only up 8% now Man some of these stocks pushing Lowe's but Tesla not one of them even though Tesla is one of the weakest on the board I still like this mighty 90 signal that JPM gave us amazing amazing goog JPM Not really doing what I want it to do So I'm gonna add to my JPM. I can get in at a buck 05. I'll get in a buck 05 and JPM Tesla Well three bar bounce here might be a time to get short again Don't it was kind of hoping I could add to JPM Well, I really kind of missed that Darn it darn it darn it Pop back up here Build it a buck 05 JPM to add pushing up there so I'm just holding my Tesla because I'm looking I'm looking at it as okay if I wasn't in Tesla This would be this looks like a really good downside continuation. You got these put this push down and a little three bar pause and then I Would look for another rollover. So that's why I'm just kind of Even though it came back through that pivot I'm still kind of holding it Roku kind of looks like it wants to just gradually Go lower lead lower like it's from it Such a big bounce in pre-market. Oftentimes you'll see it just bleed lower throughout the day when it goes that high Yeah, I don't think I'm able to use marry out this volume just isn't doing it for me Look at M. U pushing highs a day Speaking of any M. U. It had a really good mighty 90 like you see this see this mighty 90s set up long That's a really good volume pop there If you could have got in down here at the bottom that would have been pretty awesome So Vicks coming back down It was a good out in Nvidia just closing my last one after that down push And need to get a couple red bars out of JPM here. I would close half my JPM in a dollar 20 Which was my original entry And I could adjust that JPM barely positive Excellent doing So I just I'm just in JPM and Tesla. So I'm kind of wanting to wrap things up here Take profits. I don't want to Don't want it to eat into my profits any of these build a buck 20. Yes JPM Booyah Patience paid off Yeah, things are pausing a little bit. That's why we don't trade much past 930 central time So give me one more red bar JPM. You know, I love mighty 90s that where you add to them And then they go in your favor like Google did and now like JPM is I mean, it's just a beautiful thing You know, I have a lot of contracts on a JPM because Again, I got it when a stock is a dollar something it it's easy to have a lot of contracts if you're if you're going, you know 2000 to 2500 buying power And then you add to it. Let me get out of another JPM Fill it a buck 30. So look for two red bars at a JPM here Well, no man part of me wants to maybe just cut my Tesla But also when I got out when I say I'm getting out of some more JPM. So I had 20 I had 20 I had 20 contracts left and so I'm getting out of a quarter I guess I guess I really was getting out of a fifth So I'm cutting more than one contract because of the prices so small So I got I got out of four of them at a dollar 30 Because I had 20 left. I'm not just gonna do one on that Because that you know, I don't think I can Go down one at a time every 10% and did it maybe is it wanting to go through lows and So JPM came down to yesterday's low. Let's see what it does here. I don't want to sit through a bounce Even though it's a mighty 90 and I'm supposed to wait for two red bars. I've got a nice nice green day I don't want to sit through any bounce With 16 contracts left So that would be the rare time where I maybe just cut something loose, you know, if it wants to do what good did I mean By all means I'll Keep scaling out a few at a time So Tesla, I think I'm just gonna go ahead and get out of my last one Build at 570 to close Tesla. It may fall down to this pivot. Who knows but a lot of times You'll see stuff just starting to chop here. Okay, JPM is pushing back up a little bit, aren't it? I want to see it get through yesterday's lows So this is where you really got to decide, you know, do I want to sit here for maybe another 20 minutes Maybe go through a little bounce and maybe then it'll roll over. Do I want to sit through a bounce at all? And you've got a nice green day. You don't have any red trades looks like I'm going to continue to sit here because It's just struggling it might give me two red bars Okay, I'm gonna get out of another quarter, which would be four contracts $1.45 $1.44 43 bill is $1.43. That's what did come down. Yeah, I thought it might come down on that pivot, but It's a nice winner And good good still pushing through lows unbelievable So JPM giving us a second red bar. I got 12 contracts left Just see what happens here if I leave a little bit on Dicks up 3% Let's just give it a sec. Look at Tesla, man. Got a bit just a little too soon So This is a it's the perfect I said it earlier So this is a great Continuation runner setup so like if you weren't in Tesla at all like this would have been a great time to get in On this little three bar bounce Would have been a nice time for me to add to it actually If I wouldn't have had such a good green day going on I probably would have Okay, JPM popping up darn it I close my JPM Bill to the buck 38 So just wanted to close up there. Whoo. What a ride today was folks. Hope for you guys got in on some of that action so Alright, let's take a look live stream Day is the sixth so Steve will be with you Thursday Friday and Monday and then I'll be back next Tuesday So I'll see everybody Tuesday. Hope you uh, hope you had a green day today guys Let me know what you did talk to you later. Peace