 Good morning everyone. Happy Tuesday, November 21st, 2023. It's good to be back. Took a trip to Knoxville, Tennessee and as you can probably tell, voice isn't sounding the greatest. Probably about, I don't know, the day I left Thursday, just a really bad head cold and really lasted throughout the whole weekend and combined some yelling with that and doesn't really do your voice good. So my 13-year-old had his football team played in the Rocky Top National Championship tournament. Got beaten the semifinals. So they did really well and I'm very proud of them and I'm losing to a team that was made up of all-star kids from Maryland, West Virginia and Pennsylvania. And their only loss was to that team and that team lost that team in the semifinals and that team won the tournament championship. So yeah, just yelling, yelling during the game. But I really think most of us just from this darn head cold just cannot shake it. So we won't be talking too much, which might be a good thing. So morning bumblebee. Yeah, Eddie, we're live streaming. I'm assuming bumblebee you're in, right? And there is the bell. Man, the markets have been on a rip upward here in November. So VIX has really fallen. I have to see what happens today, but a lot of red on the board today, which isn't a surprise. We got today and tomorrow last two trading days before the Thanksgiving holiday. And so, you know, I don't really like trading and going into holidays. I talk about it every year, you know, the Thanksgiving break and then shortly after that's the Christmas break. And sometimes it just isn't the best time to be trading the best time of the year. So with these next today and tomorrow, I'll just try to get a few trades and get out kind of like a treat at Friday, really. Hopefully, hopefully, but you can hear check your audio settings if you can, I guess, but NVIDIA announces earnings after market closes today. So that'll be interesting. One of the few stocks that we trade that still needs to announce earnings, red bars coming in here to start off. We'll trade the three days to expiration today. Make sure you are position sizing appropriately so that when you place trades, you're okay if it's a losing trade. We'll let the old voice rest here in the next couple of minutes. And as we wait for that second bar, we get a second bar here in about 15 seconds. And so we've had a few stocks flip to the green bar, few in the red. Yeah, rookie trader, as mentioned before you got on, I had a massive head cold over the weekend and then I was in Tennessee. And then also did a little bit of yelling at my son's football tournament that he just paid in. So my voice is pretty shot. So probably ain't going to be as talkative as I normally am. Tesla getting close, though. Thank you, fireman Steve. So it looks like Tesla got there. So upside volume runners seem to get a pullback. Just looking at the three days expiration option chain. I would trade the 240 calls. It's got to give me a little bit of a pullback here though. I mean, it just took off Tesla. It had an upside volume runner signal. I mean, he had a minute pullback right when the bar finished. I was hoping to come down just a little bit more. I was going to jump in, but no dice. Futures have stayed pretty flat. Well, at least the S&P has the that was falling become a lot weaker. Tesla went bye bye. That's one of those where you'd have to just have almost jumped in right as this bar was closing the second bar. And a Tesla man just took off darn it. So we'll look for some mighty 90s. Tesla may get another big bar. But it looks like it might get a big volume bar to the upside. If I may get a volume bar to the downside. Oh, big push up inviting. We will see if it pulls back. You know, Tesla was another big bar. Okay, so Tesla's coming down here a little bit. Trade the 240 calls in Tesla. Try to get filled at four bucks. Apple coming down to loads of day. Yeah, by do big volume bar, no pullback. And by do has already got a big volume bar for the next one. So we'll probably just stay away from that one. Some weird stuff going on there. Or at least I'll just monitor the price action to see what it's doing. Disney with little mighty 90. Yeah, Roblox not enough separation there. So canceling my Tesla pushed up. Oh, maybe I won't cancel it. It's acting like maybe maybe you might want to come out of it. Yeah, Disney kind of popped up already a little bit. Yeah, you can see like the take a look at Disney and then look at the others you mentioned. It's just better but better volume separation in Disney as the P futures did crack through loads of day. Tesla, you're gonna fill me here. So the four bucks and Tesla, that was the 240. You can actually get a better fill than me. Roblox not getting a volume bar as big as the first or downside volume runner. If you want a smaller stock to trade, I'll put an order in it for 40 to close half my Tesla in case it pops up and I'm not looking. Roku with a nice mighty 90 year maybe. But that that price has to come down. And that bar can't get as big as the first 30 seconds left. So I'll close half at 440. 10%. That's not my close order. It's just what I would close half at. Yes. So Roku, it's not going to get in this mighty 90 until it comes all the way down. Filled at 440 close half of Tesla. That boy Tesla could have had a better profit if I would have gotten filled like it 380 390. But I thought, you know, we kind of guessed it four bucks and but for anybody that has a question about mighty 90s, take a look at Roku's volume. Like that is what I look for the separation between this bar and the previous one. If it's just barely above it, it's just not really what I'm looking for. And you know, you always want to get filled at its lowest point here. If it's if you're going long, it will blocks downside volume runner. If you want a smaller stock, I wouldn't get in until it bounced up though. Byduce, doing crazy stuff, big green bar, big red bar, just stand away from that. Baba kind of setting up as a upside continuation runner, push up a little pause coming down to yesterday's high. Keep an eye on that. Okay, so Roku coming down now. So I am going to look now so that it's come back down at that mighty 90 Roku. I would trade the 92 calls in Roku, try to jump in at $1.75. Build at $1.78. So adjusted it a little bit. 92 calls. And I would close half at $1.95. So I'll just put that in. And so I'll be looking for two green volume bars in consecutive going getting a potential upside volume runner. Going to get a full minute to get there. So build at $1.95 to close half Roku. I would close an order in at $480 to close another Tesla, $480. Build at $480 to close a quarter of my Tesla. And I got to get an order in Roku, close another, close another Roku here at $225. Actually, I just need to get out of another one. Build at $220 to get out of another Roku, a quarter of Roku. Man, it's good when you can get out of half and then shed another one and you haven't gotten a green bar yet. Baba, I mentioned upside continuation runner came down, popped up. Wasn't able to break through highs a day yet though. Yeah, I mean, I wouldn't get in it because it had a downside volume runner than it had an upside volume runner. So when you when you see the inconsistencies, I tend to stay away from those. Yeah, but again, not a huge separation and plus it's come down already. So so Roku is still not given a green bar. But if you take a look at the Roku Mighty 90, I mean, this would hopefully help understanding when this when this bar that let's see, would be the one two, three, five bar pushed down through lows. And the previous bar was bigger than the third bar. That's where you want to get filled down low. So like meta, yeah, I mean, it may have had a bar bigger than the previous, but it's not really a good separation plus prices already come down so much. I mean, Boeing looks more like a continuation runner push up. Price is pausing. I mean, this was a big green bar until the very end and then it barely flipped red. So I would play this more on price action rather than volume. Things coming down here a little bit at least. Tesla's holding. That's interesting. Definitely good. So still waiting on two consecutive green bars Roku. Yeah, Disney had a little bit of a Mighty 90, but glad I didn't take it. So still no green bar in Roku. A little Mighty 90 in Amazon, but price is really tight. Not much price movement there. I got an order in at 530 to close another Tesla. Try to get have another Tesla here. Built at 530. I had two Teslas left. Roku, I need to get an order in Roku. I guess it's kind of up where I originally where I got once my last one. So I'll get out of another Roku at 230. Build at 230. Close another Roku. Look over two consecutive green bars out of Roku. And I would close another Roku at 245. That's already there almost. I'm spending it filled at 245. Filled at 245. Close another Roku. So again, the Roku Mighty 90 is a perfect model of what you're looking for in a Mighty 90. Get filled down here. And then it comes back up. And you're waiting for two consecutive green bars. Just beautiful, beautiful Mighty 90. See Boeing still looking like it. It's consolidating like it wants to go higher. I get out of another Roku at 260. Or which strategy? Rookie trader. You look for two consecutive bars in that in the same direction, whichever way you're going. So I'm not really looking for a specific closing price. I'm looking for two consecutive bars. So in this case, I'm long. It's a long Mighty 90. So I'm looking for two consecutive green bars. But that's what I'm looking for when I'm in the trade. I'm looking for two consecutive green bars. I'm not going to get out of the trade until I get two consecutive green bars. The only way I would get out is if I scale out because price is moving so much and I run out of contracts to scale out a Mighty 90, you're what you want two consecutive bars in the direction you're going. So if it was a Mighty 90 short, you want to wait for two consecutive red bars, then you close out. Mighty 90 long, two consecutive green bars, then you close out. Close another Tesla here. Build it 585, 585 to close. I have one Tesla left on this upside volume runner. So if Roku gets another green bar here, then I'm closing it. Volume runner is you exit typically if price moves below where the big volume bar was. So take a look at the third volume bar. That's the biggest volume bar, where does price end? I'm sorry, where does price start? About the 238 level there. So again, hopefully you're watching my screen. So the official exit would be if it pushes down below right this point right here. Now, in this case, though, I only have one contract left. So, you know, if it starts to pull back, I'll probably just cut my last one. So volume runner, you're always getting out wherever if it goes to where that point is where that bar started, wherever that big volume bar was. Continuation runner at a key level, depends what the key level is. So like Boeing, let's say I got it, I got long right here. Okay. So if it pushed down below this key level, like where my line is right here, then that's where I would bail. It's actually pretty good setup right there in Boeing for upside continuation. Benji, where would you have placed your stop? First off, I don't use stops. Do not use stops in these strategies on that Tesla entry. Blow that closest pivot to entry or a certain price. Blow that closest pivot, I'm assuming. Where would you have placed your stop on that Tesla entry? Okay. So again, look at my screen and see where my line is. The third bar, the third price bar, where it started. If price would have went below that, and I'm using that one because the third volume bar is where I got in because it was bigger than the first one. It's bigger than the first volume bar. Okay. So it started to pull back. It started to come down here. I jumped in. So let's just say and this is what makes it a good trade. It's low risk because if I got in right here on this little pullback where my arrow is right now and then all of a sudden it starts flushing, then I exit because it went below this price point where the price started on the third volume bar. Hopefully that makes sense. Good questions because it is important that you stay mechanical. I mean, you don't want to be guessing when you're trading these strategies. So like Boeing it would have been good to get long right about here. I still might. But then if it pushes down below right here, I mean, you could be putting in the trade in a minute later, it starts flushing and then you're out. It's small loss. So it's a low risk trade, right? So Tesla here, again, I have one contract left, which is a good thing. So I got to decide if it starts to have a two or three bar pullback. Do I want to stay in it and lose some profits? Because they only got one contract or do I just want to close it out? A lot of that also depends on what's the market doing? Is it a strong market? Is it a weak market? Am I going with the market? Or am I going against it? You know, Tesla has had a good push up here. It's not just going to keep going up forever and ever here today. So it wouldn't have been a bad thing for me just to close out my last contract. So Roku, again, has not given me two consecutive green bars. So I'm not getting out of it even though it's coming down. Nvidia, yes, had a little mighty 90 it did. But I want to see it come down. If it pushes down through lows here, then I might get long, you know, Boeing. Well, why I'm not getting in it right now is because price range is so tight. Like the last 35 minutes, it just hasn't gone anywhere. See, Amazon had a little mighty 90 right here. And it's given two consecutive green bars. So I would have gotten out of it tight range. So probably wouldn't have been a much profit. But you know, probably still would have been a profit though. So Roku has really hoping to give me two green bars and I can just bail on it. Goog. I mean, you don't get long after a big push up like this. You know, if it starts to consolidate here, and the market starts getting strong, yeah, potentially upside continuation. I mean, it's kind of it kind of pushed up out of the gates, consolidated, pushed up a little two bar consolidation pushed up. Yes, it's one to keep an eye on for sure. But I wouldn't go long right now. Yes, a riot. This would be a mighty 90 as long as that bar is not bigger than the previous. And yes, you can see it's got it looks like it's gonna give two consecutive red bars. So that's where you would get out after that. If you played that like a mighty 90. Now Nvidia has earnings after market closes. So I would suspect at some point it's just gonna chop until we get into earnings after the bell. So I'd like to see Roku here, you know, not come down anymore and just give me two nice push ups. And then I would exit who didn't didn't do what I wanted it there, but still gonna wait for two consecutive green bars. Maybe Tesla will take off here. It's kind of pausing. So Nvidia is coming back down. I will see a fireman Steve Square has a little mighty 90 as well. But it can has a really tight range and price. So Nvidia is coming down a little bit. I had this mighty 90. So try one more mighty 90 for the day. video game getting expensive. Meh, gonna pass on Nvidia. I mean, I probably would only do two contracts in it. And still would be above what my medium buying power normally is. The buying power has been slowly going from about 2,500 to 3,000 3,500. I've kind of noticed the last few weeks just catching myself going a little bit bigger than normal. Yeah, Boeing had a mighty 90 short. Yeah, it's pretty good. The only the only thing though that I reason I wouldn't play it as a mighty 90 is because it's just not going anywhere. So if you look at my Roku, I mean, it pushed all the way down through loads of day. You know, just touched through loads of day when I got in where Boeing is just stand still. So that's the difference. Square on the other hand, you know, comes down through loads of day might be a potential mighty 90, even though it is a tight range, at least it's coming down through that key level. And honestly, Nvidia still looks better. I'm just gonna jump in this Nvidia. If it's too big for you, don't worry about it. 497.5 calls built at 1860. That's kind of given me flashbacks to when we used to trade Amazon. When it was like 3000. So Trader Jim, why did you get out of Nvidia? It hasn't given two green bars yet. Okay, yeah, I mean, so don't take this wrong. But that's you gotta follow rules or don't you can't expect to have profits because you'll miss you'll miss profits if you do that. I used to do that all the time. Oh, and this is why I don't even look at my PNL. Like I know I'm down in Nvidia right now, but I'm not I'm not looking at it. And before I place the trade, I know I'm okay with it pushing down before I even place it. Now, I don't know if something has come out some of the Fed minutes or what, but everything kind of had a big push down for some reason. Thanks, Annette. But I used to do that all the time. Exactly what you just did there, Jim, all the time, all the time. And then I would be mad at myself. Once I saw that Oh, the stock I just panicked on ended up coming back and giving two consecutive bars and I would have gotten all those losses back. You know, just make sure if you're comfortable getting in the trade, you're comfortable staying and following the rules, you will just find that's how you become more profitable. Now, Tesla and I've got one contract left and I've been sitting here holding it and it's kind of coming down to where I probably should have bailed on it. Sometimes you get greedy and you hold on to a contract or two too long. And it sucks some of your profits. And that's what this has done to me. So I'm gonna go ahead and close my Tesla filled at 415 to close Tesla. So again, here's an example. I close my last contract at Tesla 585. I didn't do a good job of kind of monitoring it as it's coming down here because it got all the way down to 415. Should have closed it out sooner. What MA on your volume are you using? What do you mean by what? What's that acronym stand for? MA moving average. I'm not really sure what you're referring to. I mean, everything that is set up in here. And I also have it set up and think of swim is, is through the courses that Steve, I mean, he shows you how to set up all your charts in the courses. So I just set the charts up like he's, you know, I've been doing this now for by three years. And so it's three years ago. And when I set up charts, based on what Steve put out in the course. So if you go to the course, it will have everything you need to know about setting up your charts. Oh, yeah, yeah, yeah, it's a five minute bar. I'm sorry. Easy question. Yeah, these are all five minute bars. Let's see on the Nvidia trade. Is your risk on this trade? You were buying power used? Yes, that's correct. In the event Nvidia keeps ongoing, and it might. But like normally, like I said, I would probably added to Nvidia by now. But sometimes you do you get caught up in a flush and it hurts. No, it's never happened. Never happened. I've never had, you know, if another 911 happened today, I've never not seen it throughout not have two green consecutive bars. Again, there could be a black swan day where it's 911 COVID. But at some point, it will give me two green bars. Probably Nvidia, you know, had it has earnings today. So probably wasn't the best idea to jump in it just because it has earnings, sometimes earnings affect things. Position sizing is always what's critical. I mean, you got a position size to be able to take, take, you know, for something like this to happen. So Roku, you know, you can look here still has not given me two consecutive green bars. I'm going to go ahead. I'm going to go ahead and add to my Nvidia built at 1675 to add. Okay. So here's why I added to it. First off, it's it's pushed down well below where my initial entry was. So it's come down about a little over 10%. And so usually if it comes down about 10% from my initial entry, I will add also excuse me, sorry, got a cough there. Also, it has come down to yesterday's key level of yesterday's low. So I'm wanting to see a bounce off yesterday's low and give me at least two green bars. Sorry about that. No coughing spell. It's just a key. That's what we call key level yesterday's low. It's the same thing with these pivots. The blue line yesterday is high. They're all key levels. Okay. So after adding to it. Alright, thanks, Jess. We're good then. So after adding to it, I'm going to go ahead and put in a close half of it at 1840, which is 10% of my ad. And it's also just a little under where I have my original entry was. Hey, Roku, let's take a look at it. Mighty 90 was way back here. Got a half got out of a quarter three times. But then it came back down still had not given two consecutive bars. If this bar flips green at the end here, I will get out of it. It does not look like it's going to turn green though. No, maybe it will. No, didn't turn green. So I'm just going to hold that's close though. And you don't wait for two green bars. So you miss out on profits. So I would have missed on profits and I and I did this a lot when I first started trading the mighty 90 strategy. But I didn't look at I didn't look at my P&L until I just closed the trade. And so Benji, if you see that too, like, I knew it would give me two consecutive green bars at some point. I mean, it just it's not going to go down forever. It's 210 a big winner. I mean, for me, not really. I mean, it's it's an okay winner. It's an average winner. Any any green is better than a red, you know, right. That's why I exited and did a bubble BS. That's what I was saying. And I exited when it was pushing up at the top. I didn't want it. I didn't want the last couple minutes to have it pull back on me. Now, hell, it may rip up the highs of day, who knows, but I ain't going to take the chance. You know, it's kind of in a weak market today. And, you know, Microsoft pushing down through lows, I could see it rolling over. So I'm not going to give it any more time. I'm I got my two green bars, I'm out. But my whole point is, is this is why you stay mechanical. I would have missed profits there if I didn't. So one thing I got left is Roku. So it just gave me a green bar. I'll stay on five more minutes here. That's 940 so central time. So I really don't take any trades this late. As I'm looking at just price movement. Apple looks like it might want to roll over and go lower. You know, Roku, I got out of a lot of my contracts already. We have four contracts left. Yeah, no problem. That's what I'm here for. So you have four contracts in Roku. You know, the rule is to stay till two green bars sometimes when you get impatient. And then you know, you take a look at Roku's range here, it's just been really tight. Yeah, maybe I should bail on my last four contracts. Nvidia is trying to continue higher. I will look at other stocks, similar stocks and look at price movement to kind of see what they're doing and make a decision whether I should get out of my last one here or not when it gets to be this time of the day. Nice job, Disco. No problem, Trader Gem. I mean, so Roku, I mean, man, maybe it'll give me two green bars here. They got one here. So maybe I can't exit here after this green bar here. But I have a winning trade in Tesla. Real nice winning trade. Would have been a lot better if I would have just got rid of my last contract up here at the top instead of setting through this pullback. I got a winning Mighty 90 in Nvidia. And a potentially winning Mighty 90 in Roku here. So 3-0. That's what we want, right? Following rules. Thanks be more Trader. We'll catch you tomorrow. I'll be back tomorrow. Yeah, hopefully I'll sign a better tomorrow. So Roku, I originally got in at $1.78. So it's currently setting at about $1.80 to $1.85. So it's above where I originally got in. So this is going to be a green positive trade. So I'm going to go 3-0 today by following rules to these Mighty 90s and waiting until I got two consecutive green bars in Nvidia. And now two consecutive green bars in Roku. Can't stress enough to not look at your PNL position size. So you won't have anxiety and follow rules. I'm going to close out my Roku here. Got about a minute left. Again, it's pushing up as well like Nvidia did. I don't want it to come back down on me. It'll do $1.88. Close Roku. So I'm out of everything. I will see everyone tomorrow. Hope you have a good one. Peace.