 Good morning, everyone. It is Tuesday April 16th, 2024 and We got the Dow up half a percent With the Nasdaq and S&P pretty flat So I know the Dow's been really getting there. I think I saw yesterday was a sixth red day in a row So trying to get something back there today Morning El Piero morning Sessha Vicks down three percent Grish see what's on the economic calendar here And your own pal speaking at 115 looks like really about it that may have some effect That's probably I'm guessing 1215 central source stocks go Tesla down Jesus Tesla down some more a little under 3% amd up over 1% Nvidia up half a percent DK and G up a percent Squared down 1% a lot of stocks are flat and there is the belt morning Ken Nasdaq starts in the red Want to see if the Vicks spikes up here to start. There's some strong earnings I guess I think with banks that have caused the Dow to spike up Vicks opens up at 18.94 so Still pretty high SPX Back didn't move 38 points Nasdaq and SP have gone green Now things have gone back into the red Meta pushing up. That's the pushing down No ricks for me. Nope Morning Dax All right getting our second bar See if we can get any volume runners John K. Yeah, I mean my for my 1dT when I see price kind of settled down a little bit I know in Steve's plan. He puts it on like right away and Yeah, I think he uses the $7 strikes But I just tend to do it wide like a One of my TLC trades also kind of you know, I watch the Vicks if the Vicks is looks like it's You know Not gonna spike anymore You know, I don't like putting it on if the Vicks is getting crushed You know because then if it turns around spikes then it takes away your profits and so Kind of a combination of price movement and what what the Vicks is doing. Yeah, no I'm just saying in general what Steve's is. It's different than what I do. Yeah, possibly We got Roku having a growing bar potentially be a Downside volume runner to see That it's over a halfway with halfway to go so a lot of red coming in now So we got Roku here We'll see if they can get there Vicks spiking up. Yeah, Tesla's got a shot. It has to get going. There's only a minute left Roku kind of the same we tried the See three days to expiration today Three DTE. Yeah, I have taught I have toss on my screen. They're both getting close Not quite there yet Can it push up? Didn't quite get there. I would not consider either one of those although they are close So let's take a look For some mighty 90s here So we'll look for a bar that is bigger than the previous in the same direction S&P and NASDAQ still in the red Mix only down a third of a percent now Netflix Potential mighty 90 may be forming So I want to see Netflix push up. See it push up. What do you find us contract? Not sure what you're saying there up here So Netflix to get a bar bigger than the previous but it's not It's already pulled back wouldn't qualify. We'll see that pushes back up through highs. Oh One contract Yes, probably it's been a while since I've Traded with this high of volatility these strategies NASDAQ coming down to lows of day Coinbase I missed that had a downside volume runner didn't pop up too much but a little bit coinbase Vix is really a popping up. Okay coin bases Let's take a look at coinbase a little slow today When base bounces a little bit here. Yeah, that's that bar definitely made it that third bar Wasn't quick enough to get in was not quick enough to get in. Yeah, that's right That's why I say Chris downside volume runner John K because I didn't I didn't say it didn't qualify what I said was You don't want to get in when it's pulled back already. I Mean that would be when you enter you want to enter with it up here So by the time it qual by the time the second bar got or the third bar got bigger than the second It had already come down. So that's not an entry Like you don't want to enter there. You want it to push up then enter at its peak if you're getting short So it had already pulled back So there's it's a no enter. I see coinbase pop up here just a little bit more now if Netflix pushes back up Gives us another opportunity to enter for a mighty 90 than we can Yeah, Queen base definitely owns downside volume runner need a bounce. So if coinbase pops up closer to that pivot My enter Wow Certainly are elevated see Queen base. I would trade the 210 puts Trying to get filled here go to eight bucks probably get a better You probably will get a better fill than I got definitely can get a better fill than I got Me and I would love to get just a nice calm Trisection day Arcos half my coinbase at 880 See what else? Not seeing anything else at the moment Netflix up over Netflix one and a third No, not a volume runner doesn't have a bar bigger than the first Roku that is was close Right out of the gate So need coinbase to roll over here. It's what you want to see in a volume runner You want to see little bouts and then a roll over don't know what's gonna be today Love to see a choppy day Probably should try to enter root coinbase about right where it's at now. I yeah, I use 10% Got filled at eight bucks So 10% of that is 80 cents Which is 880 that's exactly 10% I wish I was filled at 710 Actually would be I actually I could add if it gets to 710 720. I Would add to it probably if it's about 10% down then I would add to it and then close half When it hits my first fill I wouldn't add to it if it like if it like blows through that where this big bar is Then I would just close it See right now it's in a spot where I you need to decide do I add or do I just close it? Things are really pushing up. Well Something got strong all of a sudden So I'm gonna add to coinbase Let's see a little bit of time here Well, it hasn't it hasn't met my criteria for closing it and Because I position size appropriately. I mean, I'm okay taking the loss So but before I add though, I'm gonna see what it does here. Yeah, everything's looks like it's getting strong for one reason or another That's why you know, maybe I should have just waited for a better fill Sometimes you jump in and you're aggressive It works out sometimes it doesn't all right closing it try and see if we can get a little pullback here So the 590 to close so Was a failed volume runner? I go in I get in and position size to add which honestly I could have still added because The first big volume bar was this one right here the third one so I essentially technically Getting out would be up here, but that would just be giving it to too much away, but Technically could still get in for a downside volume runner here But I only did two contracts because I was gonna add to it add two more But it pushed up just I Would have probably wanted to add at that pivot and then I just went through it. So a Loss that I can handle based on position sizing. What else we got shaken there Nasdaq has gone green S&P is still red. Ooh meta has a mighty 90 Nice looking mighty 90 Meta I would trade the 505 oh 2.5 puts Build at 685 It's the 502.5 puts Mighty 90 till she has a dense two moves yet Typically not by nine, but Let me see where I haven't even looked at it. Let's see here. Yeah, I search your sand I just push down a little bit and then it's like it's pushed back up Yeah, so now I would look for consolidation, you know and over the next 15 20 minutes Is it gonna consolidate and for I'm gonna get an order in for meta. I get out of half my meta at Struggling to do the math in my head here 755 I would get out of half. Yeah coin base coming back down. I figured I was real tempted to add to coin base I think if I would have got a better fill out, you know, I think I would have stayed in coin base a little bit longer But when you don't get good fills and then you get a push like that Yeah, I'm really set you back Meta pushing up close to where I got in yeah, the only thing about Coinbase though like technically that third bar is as big as the first so technically the the rules would be to get out above Where price is for that third bar? It's kind of what I'm talking about because that was the first time it initiated the volume runner signal Well, if I would have gotten a better fill it wouldn't have been That's what I'm saying I would have I would have probably let it go a little longer because it wouldn't have been a big loss especially with position sizing But because I was aggressive and got in it just was Like you said too much Still hasn't really rolled over yet, you know with a volume runner. I mean you want you want to bounce and then the rollover so anyway Price action really isn't acting like you want a volume runner to act So we're looking for two red bars in a row out of meta Who was it John K? so you can see the difference between Netflix and Meta when you had that question about mighty 90s like I got in right at the top here Whereas In Netflix It had already come down I'm not sure what's in meta today, but That's hasn't given four straight green bars Right exactly John Yeah, and video up one and three quarters netflix up one and two thirds meta three quarters microsoft three quarters Vicks Down about a third of a percent Still no red bar out of meta It's sitting right out where I got in I hope we don't see a big vicks crush Today man, I like those afternoon trades when it You start I mean you start looking profits quick after one o'clock central With fated okay pretty tight range at a roku it's showing signs of a mighty 90 But man, it's just a really tight range Tesla's showing some signs of a mighty 90. It also has very tight range Meta pushing up. It's gonna apparently it wants me to add to it So around the six dollars to six fifteen would be where I would add to it Yeah, roku and tesla with mighty nineties, but man, that's just no price movement Yeah, so s spx hasn't really broken out one way or the other It's pretty much sitting about right where it opened I would probably still wait for a tlc to see if it's gonna break out here over the next 15 20 minutes One way or the other I mean, it's range two has been fairly small. Yeah, and that's that's So tempting with those wide wide ranges you can get All right meta coming down here so if tesla, you know pushes up And breaks out My you know, it could be a good mighty 90 short 110 wide for zero dt for zero dte Oh, wow. I didn't know that Good lord Build at 755 Close half my meta. Very nice. Very nice Get tesla's pushing up to see tesla. I would trade the 157.5 Puts see if I can get filled at 390 push up push up push up Try to get filled here filled at four bucks. I would close half of my tesla at Yeah, let's just do 450 Roku's kind of like tesla to you if you wanted For a mighty 90. They look almost the same So meta I thought was gonna give us a nice red bar, but don't look that way I would have gotten filled at 390 darn it In tesla Once again, you can get a better filled at me Out of half of meta lpro. How'd you do that so quick? It gets close to 350 360. I would Add to it. Let's add to it. Let's go S&P trying to break out. That's what I was talking about We got one red bar out of meta Filled at 370 to add to tesla I just wanted to add to it. I was gonna wait for 360, but Once again, I would have gotten filled at 360 Price action not really going my way today So I would close half of my tesla at 410 So meta gives me a second red bar. I would close it It appears meta is gonna Cooperate with that mighty 90 You got two minutes left I'm gonna go ahead and get out of my meta Not give it a chance to pop back up Filled at 770 Close my meta. It's got two red bars Didn't want it to pop back up May still come down. I could have got a better out, but that's okay Didn't want to risk it So nice mighty 90 in meta there. Now if we can get two bars from Oh, mr tesla See how meta's popping back up a little bit. That is why I got out Man netflix going through highs of day That is interesting I definitely don't want tesla to go through highs of day. I need some many two red bars I've already added to it. Man. It's no bueno No bueno no bueno tesla I suppose, you know, it's been a week for so long. I suppose At some point it needs to gain something back See roc who had another mighty 90 Coming down Metta still coming back down Come on one good push down here. Let me hear the chime. Let me hear the chime Filled at 410 to close half So very good add in tesla And now we get out of another tesla at 450. All right So it's getting close to 930. I need to probably start looking for the tlc. Check that out. So Let me do that here. I'm not going to put on any more mighty 90s or runners I got somebody in the in the zoom chat cv Why if your name is why use the Discord chat not the zoom chat I don't monitor the zoom chat. We want to use the day trading chat channel So I've got an order in at 450 to close another tesla I'm gonna look at some tlcs here waiting for duke consecutive red bars out of Tesla and that it really came down, didn't it? So spx Hasn't really gone very very far. I'm gonna look at the 51 owners 50 tens for my first iron condor and filled with 740 So tesla popping back up. So I'm gonna go ahead and jump off here. So I'm not gonna um Do any more mighty 90 runners? So I will wait for two consecutive red bars out of tesla. So I'll let you know When I am out of those But I guess it could be here in the next minute or two if it continues down So yeah, this this bar gives if it gives me another red bar, then I will close it So and I will post my fills And see everyone during power hour. Have a good one. Peace