 Hey everyone, welcome to this week's video update today's Saturday, February 24th. Hope everybody had a good week of trading Let's take a quick look at the markets and we'll jump into my trades for the week Let's start with Vicks. So Vicks, man, they they're really trying to keep this thing under 16 It looks like right? I mean last week had a big push up got shut down below 16 Monday made an attempt towards 16 got shut down Tuesday Creeped into 16 territory got shut down. They just got absolutely crushed Going into the end of the week Vicks ending at 13.75 I would say, you know, there's a pretty high probability that we'll get some more Volatility pumped in as we get closer to the election later this year, but Sure seems like they are trying to keep it pretty compressed until that starts becoming a little bit more on the radar S&P new all-time high 51 1 1.06 Nasdaq, I believe also hit a new all-time high NDX hit 18,091.62 Taking a look at the Russell I would say that the Russell was the weakest of the bunch But my good belt my good buddy Elliot let me know that I say that way too often So Elliot how about the Russell was the least strong of the big four indices Does that work for you? Does that work for you? Dow was also strong new all-time high Gold and silver up for the week Actually Silver had a little bit of weakness gold was up for the week notes and bonds a little bounce the last couple days 10-year yield settling in at 4.253 Is my platform freezing up there we go oil kind of choppy back and forth Natty gas caught a bid the first part of the week and then gave most of it back Thursday Friday And the grains at least soybeans and corn just continue to get crushed Actually, I gotta call my buddy who's a Corn trader actually deals with farmers and silos and that kind of stuff see what's going on there I've got some short premium in corn and it's just continues to get annihilated If we look at corn going back to What was this May? April of 2022 It was at 824 now. It's at 399 just getting absolutely slaughtered apparently the farmers Planted too much corn last year Euro in the pound a little bit strong meaning US dollar relative a little bit weak and then Bitcoin shopping around 51 52,000 closing at 51 600 All right, so that's a look at the market markets. Let's take a look at my trades So the I had I had a pretty decent week from the P&L standpoint, but more importantly You know, I talked about last week how I Had a little bit of a blunder and ended up taking a big loss on just a stupid mistake and and this week I Really Was disciplined I guess is just the easiest flattest way to say it So I'm really happy with my trading this week and nice P&L to boot. So So here's all my zero DTE. Let's take a look at these broken down a little bit deeper So I've got I just released to to our community my trade plan for March and part of that includes a Challenge account so what I've done is is you know Historically, I've always had several accounts, but I'm trading different strategies in each account And so I was always, you know Trading a fixed number of contracts and I would do that for a month and then I'd tweak that but what I've decided to do here is is I've decided to remove all strategies out of this account except for the four that I'll be using in this what I'm calling a challenge portfolio and So I'll just be trading zero DTE and just four specific strategies and And I'm going to compound the profits and so It'll just you know, it'll give a better idea specific to that account and specific to those strategies And it you know, I think it'll just be kind of fun And I'm calling it a challenge because it for me it will be a challenge not to mess with anything, right? I like especially if it starts getting to some decent size You know, I will have a tendency to want to fiddle with it and change things and do do things So I've asked my community to keep me accountable on this and just to let it continue to compound based on a Position sizing based on a percentage of the account size And so here here are the two here are two of the things that I'm doing here They're just ones a one-to-one ratio ones a 3-2 ratio. I Had a good week in those just two losses out of 13 trades. So plus 8400 on those On my am trades Had two of those one was discretionary and this was a basically my Monday trade But I did it on Tuesday because of presidents day So I was trading treating Tuesday like Monday and that didn't work out Well minus 6700 on that one and then I had a Thursday trade that was good for 1380 No, I'm sorry that was Wednesday Anyway 5400 loss on my am trades No FOMC JSP's So I had two regular JSP's One for minus 2400 one for plus 1400 and then I did a discretionary one and this was really just Looking at price action and as price came down to the expected move low for the day I Sold some puts and I was going to cut them pretty quickly if we decided to continue to go lower But they obviously worked out in my favor. So plus 8700 on that one. So nice trade there NDX so this is a new trade that I believe that's part of my March plan had four this week Two winners two losers minus 410 net and Then power hour power hour came through most of this is from my Thursday power hour where I Had three tranches plus a PM iron condor took it all to the bell To expire at max profit. So you can see on the 22nd here all three of these hit also had 10 wide no stop version here the wuga we like to call it On Monday and another one on Friday So plus 20,000 on power hour for the week Next up my PM iron condors So two trades one for plus 1700 and that one was it was a little bit discretionary because it's outside the parameters But I manually launched it And then this one minus 3700. So net net a little bit red on those Zero DTE price action. So this is basically these are discretionary. So basically if If my my normal zero DTE iron condors don't qualify I'll do these on a discretionary basis looking at price action. So a couple of winners there Quiet midday tranche. This is a new one that I'm adding for my March plan. Just one of those plus 635 Reverse iron condors Rick had Two of them on Friday both hit both were losses This one actually got to 30% profit my profit target was 35% and then it ran away for me a lot of people in our community got 35% profit hit on that one. I did not so took a loss on those two and then This one was just kind of a mistake. I closed out pretty quick and then a couple winners So net net minus 2300 on Rick's My O2 call calendar One winner one loser a little bit red One DTE iron condor Couple losses one small one minus 2900 So that's it for zero DTE Dynamic butterflies one winner one loser minus 910 between the two of those and Then dynamic calendars. Let me get all these checked make sure I cover I didn't take trades and all these but It's easier just to click all of them Yeah, so minus a little bit red should have actually been flat or a little bit green this $1,700 loss should have been more like a three to $500 loss my platform froze up I could not get out and S&P Just continue to rip higher and higher and higher out of range So I ended up taking a $1,700 loss on that. So that was kind of frustrating Winner here winner here four six loser six seven loser. So minus 995 on those I had a green week on directional futures Plus 3500 You know, I did I noted here. So these three trades all in ES on the same day minus 1200 minus 1600 minus 1500 These are not my traditional directional futures type trades I was as I noted here. Basically I was trying to guess on direction. I did it three times. I just I thought I knew, you know, one of those where you just think, you know, what's gonna happen Well, this is usually the result, you know, I was I was trying to guess On market direction in the S&P. I just had this feeling that I thought the market was going to go up that day For whatever reason I took three shots at it. All three got stopped out So unfortunately that kind of dragged my my P&L down for the week But still positive. And so Lesson well, I wouldn't say lesson learned because I know I've had winners when I do that kind of trade The good thing is, you know, managing risk. So I'm not I'm not taking risk outside of my parameters, but You know, it's just one of those things where not to mention I missed the down move because I had this just this bias that day So for me, you know, trying to Push away that ego push away that that feeling of I know what's going to happen Push away those biases typically and just and just trading based on price action, which with which is what this is all about the strategy Um I didn't do that on these through trades. This was just a directional bias that I had for whatever reason And you know, that typically doesn't work the best for me. So anyway Uh, so those are directional futures iron duck had one small duck win for 165 Uh moc trade so a market on close and balance trade this one Had a big number on friday 3.1 billion, I think it was to the buy side So I got long which typically will give you five points and it it did the Exact opposite it went against me. So got smoked for 42 50 on that one Option selling Uh one win in qqq me as that's just a roll and then lastly portfolio margin trades Green week for some closing trades on p.m Uh minus 3,800 on this time fly 455 positive on those ratio diagonal plus 4,200 on this golden shark Uh, this one is not plus 4,700 The part of that trade has to expire. So that'll end up being net. I think like 900 maybe so I don't pay attention to that uh, $1,000 loser on this shark and $1,000 winner on this reverse vertigo So that is it a decent week Look forward to a good week next week Everybody have a good rest of your weekend. Oh, by the way We are in the process this weekend of transitioning to a new back end platform for our members. So, uh Bear with us on that there may there's we're in the middle of a little bit of a Technology issue that we're working through should won't be a big deal. We'll we should have it figured out by today but um FYI that should be ready to go and we'll uh, send you more details by email and post in the community Of uh, some of the new enhancements that we have for you. Pretty exciting stuff. All right. Have a good weekend all talk to you soon