 Almost time for the bell, how many options will you sell? Fire up your platform, get ready to enter But first let's get the mindset centered Hey, have success, find what works for you And forget the rest, stats and probabilities It's dismiss, greed and doubt, focus on the process Not the money, end of our hour live Let's start the show, come on trade hackers Get ready to go, zero date options, time to make bank Locked and loaded, then be ready to play Hey everyone, welcome to power hour live Thursday, February 1st Hope all is well Market, back to being a bullish market All is it well Gave us a day, just one nice day yesterday But, pick it all back Took it all back, I uh Yeah, I hit my Rick, actually I had a A little ad on my Rick as well So that was a nice one, that was up about So between those, about 3500 So that was, that was the best thing of my day My re-entries, total, I'm not in any now I'm total down about 8K on those And I'm in a PM update iron condor That's up, uh So that's my only bot trade today So that's up about 8% currently And then we are in update territory for power hour So I'll be letting the bots do the update power hour Yeah, I'm not in anything at all right now Because my first power hour got stopped How was the other trades? Yeah, so I've had, let's see here So my first three were losers And then I had a winner on lunchtime number two And then a loser on power hour number one Let's see And those were stops without hitting 20% Yup, yeah, it's the first time I've ever been stopped Um, three times, well I guess it would be My first four were all stopped That's the first time that's ever happened without Booking 20% And the theta decay was just, man It was just non-existent Until here recently, anyway Yeah, until the rip your face off rally Expected move to the upside was 4885 Currently at 4897 New highs of day Alright, trunch number one just came in And that was on the 95 puts and then 4900 calls So five wide And that is update, so we're doing two to one Let's see, we'll look at the Yeah, it certainly feels like more often than not The day after FOMC has a pretty big range for sure Yeah I thought the I wasn't doing any of my other bots As I posted in my trade plan for February But I thought the Re-entry might still hold up well But not to be today I'm looking at the 4900 Dan, was that Rick meme okay with you? I believe that's new, I believe that was not recycled Thank you Still a chance to be green on the day of Power Hour comes through We weren't streaming for Power Hour yesterday But I was posting in the chat, I hit a nice MOC trade at the end of the day yesterday Elliott part took as well Yeah, all two to one tomorrow I'm still looking here, not anything yet Trunch one, I got 1145 Yeah, and I got faked out pretty good on the futures too I just couldn't read this market Worth anything today I got stopped out of a Dow trade early And then I got stopped out of an ES trade As well, so No No green on my futures trading either I'm looking at the 4905, 4900 I guess here That's Gonna get me above 540 Check that 4895, 4900 Well, it just moved So I was looking at the 4905, 4900 But not anymore No bullish bias Yeah, but well that's because it moved Actually now looking at 4900, 4895 Trunch one already up 17% Whoa, what just happened there See, so I got filled on Trunch one at 1145 I will reduce my stop at 685 Yeah, my futures run slow Yeah, well push up and nice decay coming in quickly Trunch one already up 23% My PM iron condor is up 18 So would you go with Chad that 4895, 4900 Yeah, that fill was It was my fill that surprised me Good or bad Good Except for my PM iron condor I don't have any profit targets or anything I'm just taking that well 90% profit target I guess it's technically what it would be So yesterday no rate cut in March was a bad thing Today it's all good All back to normal And we're pushing new highs 4901 Highs of day that is Shocker all time high was 4931 We're at 4902 so hopefully we don't hit that today I can go ahead and just slow down and stop anytime it wants 903 Trunch two is set to come in at 14 after We're in about nine minutes And I just got I just got stopped out on my When I just put in You just got stopped Yeah I got filled at 675 and then I got stopped at 750 That doesn't make sense Did you You get filled and then you put your OCO in Mm-hmm Hmm Must have I don't know maybe I did something wrong One of those days you know Your mom told you you'd have days like this Yes Trunch one still didn't give Still up 22% PM iron condor a little bit red now That one needs a little Down move Yeah, I think I might just set the rest of the day out It's kind of obvious that things aren't my I guess I was due for one of these days Yeah, so after today I saw somebody asked you kind of If you have a loss limit for the day What are you thinking around that for you for your trading Yeah, I got I got I definitely have to think about that I mean because today today would have qualified Right now have you figured it yet No Trunch one already at 33% I may have reduced my stop before Trunch two even comes in This holds Maybe get down to 685 Currently at 730 About five minutes till Trunch two Yeah It'd be nice if the price would just hold For you right here and it's It's a lot of time left so it's probably still do a lot Who knows Yeah, Calvin I talked about that in my trade plan video Normal day A is just not Just not performing well You know the up in the down days just are way better And then so if it's a normal day I'll just Plan on continuing my reentry trades Oh yeah, we'll still stream for sure Well you will have something going on Just not the normal day power hour trades Do you close your ricks out or do you If they run one way or the other do you just let them expire I usually leave a runner on Especially if it's to the downside usually to the upside My profit target and I take it off Gotcha Which is what I did today But if it runs up and it gets to where You can't be any more profitable to the upside Do you just let it expire Like a runner I would probably take it off For a little bit I've had situations where It was basically a full profit and then Went back into the valley so that didn't feel good Oh yeah Got it holding out for a couple cents And you still have a bunch of risk on there Right Yeah using those three OCOs is That's what I do to Naughty Dog with my reentry trades That's nice Well I guess I'm not going to get to reduce my stop Before Trunch 2 comes on But if we bounce a little bit it'll be close So anyone new here You look at my screen here The zero trade plans channel I just posted my trade plan for February So every month I post that In the trade plans channel And then also if you're new I would also start in the zero DTE course Scroll up a little bit and you'll see A new member zero DTE checklist So make sure you check that out That'll give you kind of a good starting point Not for me PT, not on an up day I'm going to squeeze It for everything it's got Trunch 2 coming in Looks like it'll probably be the 4900 straddle maybe Yeah so I was looking at too I don't know where this shakes out Could be 5 wide Looks like it went 5 wide So Trunch 2 On the 4900 puts 4905 calls Filled at 930 Definitely a bullish bias SPX currently sitting at 4900 How wide did you go on yours? 5 wide 4900 puts 4905 calls 2 to 1 puts the calls 2 to 1 ratio So these are my 2 power hour trunches Plus my PM iron condor combined So 4900 is my sweet spot Trunch 1 getting close to stop reduction There it is Reduced my stop on Trunch 1 Which 2 I got filled at 930 So 560 will be my Stop reduction point on Trunch 2 Nice nutty dog Nice job DRB what do you mean keep them straight For like closing purposes Or just viewing I mean if you overlap Then you just gotta I mean I just you know Look at them combined If I'm looking at the analyze graph But um Yeah if you overlap You can't really What you could do is you could take your order So let's say for example You could go back to your order And you could just analyze it By itself Like this Just click on just analyze the theoretical order Cause that's what you got filled on And view it that way And then just uncheck all the other You know your other positions Trunch 2 up 26% There you go Michael Todd Yeah just click on the logo In the upper left hand corner And that'll bring into your dashboard here And then this is where you can Manage your You know you can edit your stops So actually I need to do that For example my um this one's a trailing stop So I'm gonna move that down To 6 2 is a trailing stop on an update like this So I just changed it from 7 to 6 Make sure that you are looking At If you have multiple accounts hooked up Make sure you're displaying the correct account It's by default You shouldn't have to do anything You might be looking at the wrong account If you have multiple accounts connected Make sure you have the right display account And then just click the Trade Steward logo in the upper left Here Okay cool Trunch 3 in a couple minutes Trunch 3 looks like it might be 10 wide 05s 95s We hold here Very nice Trunch 3 will start firing in about 60 seconds Looks like it'll be the 05 95s Little bump and vix here the last 20 minutes Back above 14 Build on Trunch 3 at 420 and that's on the 95 05s Sorry Jack go ahead Well not a dog just asked me a question I'm not sure I'm either not sure or I'm mentally Not Remembering this day Just closed my so I had that I took your Rick I just closed it out for 1955 Nice My Trunch 2s up 30% I'm looking for 560 It's currently trading at 650 To reduce my stop Yeah so DRB For example now I'm sharing some strikes So I just kind of Put them all together and Here's my profit bubble let's just stay Inside my profit bubble Of course I've got Orders on my Each individual trade so profit target Or a Stop loss hits Managing them individually Yeah thanks Nick I haven't had a chance To look at it yet but I will I'll check it out Well I like the way SPX is sleeping Right now Yeah for sure huh Would you say your sweet spot was 4900 4900 pin is what I'm looking for It's a nice round number It always pins it nice round numbers doesn't it Oh yeah I don't have straddles for anything 9505s for Trunch 3 4900s 4905s For Trunch 2 And 4895 4900s for Trunch 1 I'm all strangled up Got my stop reduced on Trunch 1 Trunch 2s at 32% Getting close Sharky do you have option omega Definitely going to need that On the sheet Each strategy Has an option omega link That gives all the details and criteria And filters around the Strategy If you're going to be trading backtested strategies You got to have the backtesting software 289 million to the buy side Is the first early indication Yeah Sharky so all A lot of the If you watch my trade Planned video that I posted today You know I'm going to be doing a lot of Non backtested strategies But that's something that I'm just Has some discretion involved And it's something that I'm still working out And testing for the month But if you click on the January tab You'll see a lot more of the backtested strategies That I was trading in January for example So So yeah you definitely want to Get option omega And because my Plan is not How you should trade exactly You know there's a lot of good trade plans In that channel trade plans channel From a lot of our More experienced members so the idea would be To understand The concepts and the filters on the Back test and understand why people are trading Them and then You know build a plan For yourself Design around your account size and your risk tolerance And how many trades you want to do What time of day you want to be trading And all that good stuff Trunch 2 Hit 40% So I need to reduce my stop So Michael Todd are you Looking at my screen So here's something that's a little bit of a nuance With trade stewards so I'm reducing my stop On Trunch 2 Down to 3 bucks And so But it's based on The opening credit So when Trunch 2 got down to 5.60 I want it to be $3 over 5.60 So it'd be 8.60 So I actually do it in relation to the Opening credit so I would change this To Minus 70 cents and that would put my stop at 8.60 So it's always Once you get to this If you're adjusting stops it's always In relation to that opening credit So Trunch 3 On an update I actually reduce as well Not quite there yet It's at 30% Trunch 1 Up 53.5% Trunch 2 up 46% Trunch 3 up 32% So I'm going to be reducing my stop On Trunch 3 pretty quick Hopefully So Trunch 3 I got in at 4.20 I was currently trading at 2.90 Oh yeah I'm not putting Mechanical power hour on normal Days it's just It's in time out In fact I mean I mentioned it in my Trade plan video too I mean Those other back test strategies I'm not abandoning them by any means I just I need the capacity and the focus For this month to To really dial in Exactly how I want to trade these re-entries And then next month I'll most likely Add a lot of those back in Trunch 3 at 35% Getting close to my 40% Reduce this to a $2 stop It's consolidating pretty good here I just hope it keeps doing what it's doing Just sleeping around that 4900 magnet I'm getting close here So I'm going to change my Stop here in just a second 39.9 There it is So I'll change this one to plus 30 cents Because that would be 30 cents Over the 420 Which is at 450 which is what I want Alright Reduced all my stops So um you know barring some Slippage I'm I'm riding footloose and fancy free I think I mentioned it I've mentioned it a couple times in the discord Um But I don't know if I've told you yet Steve I'm uh For my brother So I'm trading two accounts mine and then my brothers I just don't I don't trust him with his money He's not responsible So Um the older or younger He's one year older So I'm currently down $400 in his account Um No like I would down like Uh mine is But they I've had Um down over 11k So I've scratched His back all the way to Um Almost Scratched almost almost Even Yeah What was it what was the difference The difference uh I've had a couple power uh I did a power hour trade Um I didn't post it Because I only I only post the ones I do in my account Yeah I want to leave any 게 Mr. May I ask please From Mr. Alec I'm getting quite handsomely Um I'm been paying for an account Um um All the time yourog m Yeah yeah Uh ball game. That's a whole another set of emotions. You got a master. Yeah. His account's not as big as mine. So it's kind of forced me to go smaller. My PM iron condor is just barely hanging on. It's far away from the stop, but it's just on the edge. And my three power hours at 4900. 4900 would be ideal. Yeah. Anywhere between 4900, 4905, that's where I need for this account. I'm trading my brothers here. Yeah. As Mauro mentioned, we've got tomorrow we have average hourly earnings, non-farm employment change, unemployment rate. That's all pre-market. And then 30 minutes after the bell is after the opening bell is the revised University of Michigan consumer sentiment. What I'm looking for tomorrow is I'm looking forward to a Friday just chop session. I mean, it's had its two crazy days, last two days. Just chop session tomorrow. VM. So you posted in the Zoom chat. Do me a favor. All the questions and posts are in the zero live chat channel in Discord. So if you could post there, I don't always see the Zoom chat pop up, but to answer your question, do you take beginner questions? Yes, we do. Absolutely. That's what we are here for. I'm just starting, but I'm familiar with IC trading. I've watched the video once or twice. What's the next step? All right. So if you're looking at my screen, I'm not sure if you were on here. I showed this earlier. If you go to the go to the zero DTE course channel, scroll up a little bit and there's a post that I've, that it's called new member zero DTE checklist. So go through each of those steps and that'll, that will set you on your way. You're welcome. $289 million to the buy side still. Well, there is a fake navigation trading that will send you a DM requesting things like that tomorrow. Somebody just sent me another one. I had to ban them sometimes. Really? They sneak through. That's weird. So the final MOC number at five minutes. Yeah, happy. We don't, we don't, I don't post the trades like in power hour. It's just, they move too fast to. Yeah, it's way too fast. You know, I don't want you to think it's, you have the ability to copy them because that's definitely not how it works. The idea is to understand the concept of what we're doing, create your own kind of trade plan and be able to trade based on your account size, based on your risk tolerance, all that good stuff. Plus I got a few things going on, streaming, trading. Sometimes I'm eating. You never know. I need to come check out the condo, man. Yeah, let me know whenever. Like you got furniture and stuff in there? Yeah, it's like a second home, dude. I mean, I live here for a good 12 hours a day. And now when you had to make it home, you don't have to sleep on the couch either. That's right. I get kicked out. I got somewhere to go. You don't have to sleep in the woods. All right. So Trunch three is at 54%. Trunch two is up 65. Trunch one is at 58. My PM iron condor is up 13. Happy continuing on what I was saying there too. That's why I post all details about exactly how I'll be trading in my trade plan each month. So there's no guessing. There's no wondering what I'm doing. It's not like I just jump on here and change every day. It might seem that way because we've had some really low volatility and I've skipped some days and things like that. But for the most part, I'm following that trade plan for the full month so you'll know exactly what to expect. Oh, don't need this drop. Like down below 4900. Just freeze. We could just freeze right here. That'd be ideal. Yeah, I can handle that. Nice job, Michael Todd. It's way to come back today. Yeah, I'll send him a text right now, Nick. Freeze. I wondered about that DRB. Spy gets good theta decay or not. But honestly, SPX up until the last hour or hour today really was not good. Should get similar decay on a percentage basis. Yeah, that's what I was wondering. I was going to say it has not been great today. All right. MOC number coming out in about 30 seconds. Anything over $3 billion. $3 billion to the sell side. I will sell some futures. Stop. $3 billion to the buy side I will buy. Come back up a little bit. $150 million to the buy side. So no MOC trade. Nothing. Nothing number. It's like she's going to finish coming down maybe. Need a little bounce. Need a bounce. So I'm trying to decide what I want to take off here and what I want to let ride. So my PM iron condor would need a down move. Need a bounce. Trunch one is the $900, $8.95. Trunch two is the $4,940, $9.05. So Trunch three is 10 wide. So that would be, we can stay inside that range. That would be the most ideal to hold. Got a few minutes to decide. I think we get a 4900 pin. I would love that. Absolutely love it. No, but that's probably because I didn't actively trail it down enough Kelvin to be honest. I just chilled it down another buck. I wasn't, Trunch two and three are trailing stops for me. It may get stopped here though. Price keeps coming down. My stops at $730. Spreads at $723. Yep. It's getting stopped. All right. Stopped on Trunch two. I made 11% on Trunch two. So I need back above 4900. Actually my PM iron condor likes it lower, but Trunch one and two, 4900 would work. Sorry to hear that, Michael Todd. Had some really good, consistent success though, man. Today was rough. Today was tough. It's 99. I'm going to go ahead and close out my PM iron condor with that's taking an assumption that I think we stay up and don't go down. Close that out. So now I need between 4895 and 4900. Trunch three. I'm going to let run. Trunch one. Let's see what happens here. Trunch three trading down to 30 cents. Trunch one is at 240. It's in at 4902. A little over two minutes. I'm going to close my Trunch one. A little at 290 on Trunch one. Only thing left is Trunch three, which is going to the grave, going to the bell, boys and girls. Nice, Elliott. 25K for the day. Dan B plus 4% of your count on the day. Nice. Hour hour is going to bring me into the green, assuming we pin here. Shouldn't speak too soon. I got a minute and a half. Keep my mouth shut. Are you needing a 4900 pin? Anywhere below 05 and above 95. So I got a 10-point range. Oh, okay. But we're creeping up towards that 05. Yeah, not good. That little push down stopped me out of the one trade I had on. Then it bounced. It's bounced since then. Don't do it. Stable 05. I knew it was going to do it. I totally knew it. Don't you dare. The best thing to do about today is forget it, because it would have been, when one of them got stopped, it would have been a nice big winner with this bounce. It stopped me out and then it bounced. It's a little above 05. Get back down. Where are you going? Yeah, it's going. It's going, going, going. 5 seconds. 4906. What? All right. So Trunch 3 will end up being a $2,300 winner instead of a $3,400 winner. A day. All right. So my PM Iron Condor made $2,300. My Trunch 1 made $8,500. My Trunch 2 made $735. My Trunch 3 made, it'll end up settling at about $2,300. So that brought me back after my re-entries today. So not a big green day, but slightly, and plus a $3,500 Rick. So green, but not as green as I want. It's never as green as I want, Chad. Yeah. Well, when it's big green, I want bigger. When it's red, I want green. I'm going to forget today ever happened. All right, all. So let's see. Live stream tomorrow is tomorrow is the second. So Chad will be streaming live in the morning for the Mighty 90 Runner stuff, and then we'll be back for Power Hour. All right, all. Have a good night. Take care.