 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 Let's get traded, have success, find what works for you and forget the rest Stats and probabilities is what we're about Time to dismiss greed and doubt, focus on the process Not the money and the profits will flow Come on trade hackers, get ready to options, time to make bank Get locked and loaded, then be ready to play Gold and silver a little bit red, notes and bonds a little bit red Oil up 1% And add a gas up 3 Grains lower Euro and the pound a little bit green, bit coin up almost 6% VIX was holding up pretty good all day but Started contracting here recently Down a little over 1.5% to 13.23% So I've had a pretty good day so far I had my AM iron condor hit I had my overnight iron condor hit about 12% My AM ratio hit 50% My DKS hit 40% about 1100 I did do a quiet lunch that got stopped out After a little bit of trail Then my 1DTE just hit 45% Then I've had some NTT trades One was good for about 1600 Almost 1600 I wasn't at my computer to ratchet down my stop And on top of that I got some big slippage So I hit 20% but still took an $845 loss on that one Also had another one for about a $1,700 winner And I am in one right now For me I'm in one power hour Sorry Chad go ahead So I just posted my power hour By the way for power hour for me I'm just going to do half size today I just don't like feel like putting out The risk of my full size position so I'm just going to half position size Second I got to put in my OCO order So usually with the Straddle for Trance 1 right now I would do full size I'm in the process of redoing my position sizing And strategy allocation for February and so I'm just kind of scaling back my I'm going to be scaling back my power hour size anyway And so I'm going to just go ahead and start with that today So just doing half size So today I've had 2 AM ICs and 2 lunch times Looks like 1 got stopped out maybe here Yep 1 got stopped out just a little bit of go here on this push up So 2 nice winners and 2 kind of Scratch trades Out of those 4 And then just put on my power hour number 1 so And then The question in the live stream of wanting me to send you All my January fills First off I stop keeping track Of all my fills this week Because it's just too much for me to take on I share the spreadsheet because that's what I That's what I used when I was doing all my paper trading And so I would rather you Learn how to do all the process that I'm doing When to enter, when not to enter those types of things Than trying to compare like my fills with your fills And when it starts to negatively affect my trading Because of the tasks I'm doing, then I stop doing things And so one thing that I stopped doing earlier this week Was posting a screenshot of my fills Or of my order, like the entire order I would put the calls and puts Short strikes and then the fill And then people wanted me to do the whole screenshot It was quicker for me just to do type the Fills and the short strikes But I went back to snipping my fills Because I know that's what people liked But at some point you know I gotta be able to make sure I'm managing my own trading And when I'm having to Put every little detail of every little trade in It makes it difficult for me to focus on my trading And make sure that I'm being efficient with it I don't know what are your thoughts, Steve, on like Posting every fill that I have Yeah, I've got some thoughts Real quick though, so my power hour trunch one Just got filled on the 4890 straddle Filled at 760 Yeah, so I agree Like I think what I see happening Is Obviously there's a lot of folks Still that are new trying to learn And trying to understand your strategy so I get that And so seeing your fills here and there I understand that when they're trying to learn the process Can be somewhat helpful But yeah, I see Many people trying to Just overanalyze other people's trades Like I get requests all the time for I show all my trades With Trader Sync and in the weekly videos But yet still get requests of like Can you send me a spreadsheet of all your trades And people want to analyze them And I can't think of a bigger waste of time Especially on a somewhat discretionary strategy Like you're doing, it's just It's a huge waste of time guys and I think as Traders what we do is You know, we do things To make ourselves think that we're getting better But if you're doing things that waste your time That aren't actually making you better with that strategy Or as a trader in general, it's just to me That's the time and I think your time should be spent elsewhere And I know some of you will disagree with me Because you have specific things in your mind Of what you think it's helping you do But the reality is it's just There's a lot better things you could be doing To kind of help yourself rather than analyzing somebody else's trades It just, I don't know, makes no sense to me Like the fills from like the first week of January Like how's that going to help you? Like I just don't understand that And you know, like I said, I got to take some things off my plate And one thing I've taken off my plate is Logging every one of my fills in that spreadsheet You know, it really helped me when I was learning So that's why I shared it with you guys Yeah, now sharing what you're doing And asking for comparison I get that just to make sure that you're on the right track If you're still in that phase, totally get that But there's, you know I don't know, to me there's this way to Yeah, and that's why I kept posting the screenshots That's why I kept posting the screenshots of my Of my trades because I was like, okay That I know is helpful And one time I thought we were going to flush here And then kind of Bryce ended up pushing back up Need some good beta decay here You know, it's kind of like A lot of the trade alerts that I put out I still see people No matter how much I've beat that dead horse That don't chase my fills People try to like manage You know, enter their trades based on my fills My fills mean absolutely nothing They mean zero, like if you Those people who kind of try to Mimic my fills or chase my fills If they knew how little value I put on my fill price When I was trying to get in They wouldn't do that What Chad gets filled at it to me is just so irrelevant It's more about, yeah Around the time That consolidation starts A general idea of understanding What he's thinking, what he's looking at Important, his fills Completely irrelevant No, we need to talk about this Dark Avenger Thank you Because this is a topic that keeps coming up Yeah, I even set out To address it at Power Hour livestream So I'm doing everything and anything I can To help you guys understand what I'm doing And yeah, I know that the course is February 8th So just appreciate your patience on We do have other things going on outside of trading I'm a single parent with three teenage boys So I don't have any trades going right now Other than my one Power Hour trade Still sitting pretty good I'll let you know if I need your moderation help Dark Avenger So my last NTT that I put on Is currently trading about 7 bucks 20% would be 4.15 So I need a little down move My Trunch 1 Currently underwater about 8% I do have a bunch of calendars to put on today First one will be 5.7 and 6.7 I really love to see price just sit tight For the rest of the day I don't know that it will though Yeah, I mean we haven't been in much I mean we've had a range of up to 0.6 Down to 82 It's been pretty tight Yeah, it's been pretty tight It's just had one big Yeah, it's that 20 minute push down And then it kind of broke out of the consolidation To the upside here So my 5.7 and 6.7 will go on at 2.15 So here in about 10 minutes Yeah, I'm gonna still continue to trade power hour Next month the way I do but I think I'm just gonna I'm gonna reduce the size to make more room for More capacity on my NTT stuff I just got filled on half of my power hour trade Yeah, I don't think power hours Our traditional power hour way is dead And I'll still trade a little bit A little bit bigger size on up days or down days But it's the normal days that I'm really gonna Reduce Alright, so I got filled at 6 bucks in my original So my next 40% target And I noticed somebody put these targets in the TLC management channel That's pretty cool But the next power hour target for $6 is 360 That would be 40% so 360 And then that's also the trailing stop So my risk graph here is a conglomerate of My power hour plus my remaining reentry Chop chop chop chop chop Eli, no TLC channel I think it was me to create a thread Yeah, it says TLC management So I see anyway I just noticed it the other day Yeah, so Eli if you go to the top When you're in this channel live chat Go to the top and there's a little spool Right next to the bell If you hover over that spool or click it That's where you'll see threads attached to a channel Because I could show you here So in the live chat Go to this, click on the threads And that's it right there And that live chat sheet sheet Takes you to the Meach post It takes you to that spreadsheet I use So that's like You want to see fills Fills you would put in 20, 40, 60, 80% And the trailing stops Yeah, those threads They go away too quickly And that's not something that I can control I can edit it So I can set it to one week So if somebody posts in there It'll Stay for a week As a little kind of Sub Thread under the live chat on the left Otherwise it just kind of disappears You can always access it with that thread button up top But it just kind of hides it Nice Morrow Yeah, those one DTEs have been awesome Chad mentioned that this morning I don't know anything about it What was it Chad? The Pothole app? KCmo I think it is, let me see Yeah, my KCmo Not enough movement for me to enter a power hour too so far Trunch number two coming in Here in a few minutes for me Looks like I just hit Oh, that was my last remaining contract From an earlier NTT I forgot I had one contract left The 9580 Last NTT I put on Trading it 550 20% is at 415 A little buck A little buck plus to come out of that one So I'm going to be entering My 5.7 and 6.7 here shortly I do my 5.7 At 20 delta My 6.7 at 25 That's odd Here comes Trunch number two Filled at 6.30 On The 95 straddle Yeah, Morrow are you talking about the The way I did it Or the auto trading Where it has TAT And Trade Stewards, I think that may be what you're referring to Yeah, I like that better I've thought about doing that For a couple other channels here I'd like to get another one in but just may not Get a second one in Hey Steve, I got a question for you Yep It's just a task thing with think or swim When you overlap strikes Like is there something Something Something you press to not Close another position out That make sense Well, yeah, I mean You can't overlap With a short and a long Like you can overlap with Short and short or long and long Because it just combines them But you can't overlap a short with a long Otherwise it just closes it Yeah, that's my thought But I can Because one thing I was looking at But sometimes it's like Maybe I should Reconsider that during power hour Because it could be a profitable time I overlap shorts all the time Shorts on shorts Okay When you look at it in the analyze tab It's going to be a little goofy Like the one you're looking at here Because I have I'm sharing the same strike on my NTT and my power hour And so you can see it's kind of skewed looking So There's no way to separate them To View your risk graph separately Which I know you do So if you want to keep it clean That way you'd want to avoid Strike overlap So on the 7th These strikes get 10 wide Just right out of the money Oh that's in the money anyway 5-7 Oh Mr. 5-7 Give me a fill I just posted my 5-7 SPX still sleeping so that's good Yeah I can sleep the rest of the day And my 6-7 I'm going to get filled on my 6-7 I don't like So my screenshots when I post in Discord it's like scrunching them up You got to click on them to expand to see the price now I don't know why it's doing that Maybe that's just what they've done Alright so I got my 5-7 Next up is I'm not going to do a 3-6 I'm going to do the 4-5 Double diagonal Here in about 20 minutes Little move lower Still waiting on 20% Final NTT Currently trading at 480 I need 415 It's the 80-90 Power is setting almost dead center More move lower Trunch 1 is up 14% There it is 20% By the way today I did Go back to 1-1 ratio Because I wanted to with 3-2 They're just too big for what I want to Trade while I'm testing so I went back to 1-1 So I could scale out more Today I decided to put my big boy pants on I may go back to ratios but I wanted to I wanted to feel the 1-1 scaling A little bit NTT Good point I'm also doing fix today Again I'm still in test mode So don't take what I'm doing As Anything I'm just Part of it for me is I want to feel it I like to feel it I'm a feel guy Sometimes things look good on paper but I just don't like it I just don't like trading that way Now what I've been doing is I haven't been skewing at all I have been Like earlier in the day I'm targeting $4 in premium And then later in the day I'm targeting 3 On each side There is Trunch 3 Coming in on the 90 puts 95 calls 2-1 fill at 670 Nice Wuga Feels good to be green Yeah I got out of my draw down I think on Tuesday And then I Did back down a little bit I hit a new all time high Now I'm in a new draw down But I'm not in the big January one anymore So that's good So my 5-7 That's it, just kind of sit right there at price I don't think I'm going to be taking another power hour So 5 trades on the day for me Which 5 or 6 I had a 1290 winner And a $160 Pretty much scratch traded for my first 2 2115 lunchtime Minus 100 Lunchtime 2 Finished green with a 1 power hour For diagonals I haven't traded any diagonals In 2024 Double calendars Or are you talking about that 4 or 5 double diagonal? I haven't looked I will say I do a lot of my Trades in my Trader account And that one's down a few thousand But I also do some in my Ta So I haven't tallied them all up I'll do that Towards the end of the month for February Or for my January monthly report I would say I'm a little bit red Actually after today's TGIF Yeah definitely red Hold on there So my Trunch 1 is up 22% I got filled At $760 $455 So I'll reduce top 1 Trunch 1 at $455 Trunch 2 I got in at $630 $380 I didn't want to see that drop here Nice fish And 90s Oh I'm sure that's what it is Maro So the 4-5 That container is going to do that to it I still like it though I get a little more pump in the Long options Going in Opposed another piece of my NTT 40% Use the bounce here Vix getting a little pop Just a little move down That is $4825 $225 You're showing about a $225 debit Maro $230 So I've got one contract left on my NTT Then I got my 3 power hour tranches Trunch 1 is up 27% Trunch 2 is a little bit red Trunch 3 a little bit red 90 night Krish 2am wow Have a good weekend Krish Let's just hover around 90 here Take it home with the 90s I need another Another 10% On my Trunch 1 to reduce my stop It's not looking promising to hold Are you saying that was FOMC week or you're not sure You're just saying it was a debit Yeah I remember going through the trade log Looking at those to see if there's anything With the Any issues entering for a debit Versus the credit and I didn't I didn't find anything that I Thought jumped out at me Wow 635 debit yeah that's big Okay SPX just kind of grinding lower here Just a little bit of a bounce Stay up there What strikes are you on Chad? I'm on the $4895 $4890 That's what I was saying like $4892 If it would just Stay in there 20% Don't look like it's going to hold here I'm going to go ahead and enter my 4-5 I got stopped Out of Trunch 2 On that little move lower Trunch 2 Trunch 1 is up 26% Trunch 3 is down About 23% Got a Partial fill on my Double daggle Filled at 230 To do 10 contracts And did 11 Just posted my 4-5 Not over Elliot Dark Avenger MES It's not ready to roll again yet Neither of them Getting close I got filled on 40% Power hour 1 Yeah I'll be doing a 3-5 That is next up And I hit 60% with my last Contract On NTT I do think I like doing more than 30% off At the first 20% profit target though I've been doing the 50% today I think I do like that better Chad Say that again I was doing ratios Because they're a little bit bigger I was doing thirds At 20% I would take a third off Okay Today I was doing 50% so I like that a little bit better Got you 50% of your contracts Okay So here's my final NTT 1585 on the first one Minus 845 on the second Due to Mismanagement and bad slippage Combo Should have been a small winner 1450 on the third And 1050 On the Yeah the NTT reentry trades MRP have you seen In the course channel I posted that video about it Alright just got filled in my 3-5 So I was considering A 3-6 and a 3-7 As well The Tronche one is getting close To stop production time Yeah sorry I haven't been Mentioning 705 million buy side Has been the early indications Final number 230 million buy side Pretty low Getting very close to stop production For Tronche one Tronche three is a 9095 So that one I could consider holding a little bit longer Closer to the bell Alright just reduced My stop on Tronche one Maybe 915 4870 Okay It's all good Alright I'm doing a 3-7 Reloaded on calendars Getting close to 6 minutes away I will definitely be closing Tronche one As we near 5 minutes till It'll make a game time decision On Tronche three Need a little pop, a little bounce A little baby bounce Need a little bounce Thought we were going to get it there Nice work Theta Junkie Nice Wuga Here's our bounce That's what I needed Alright I'm going to close Tronche one Alright slow down Let me get out of Tronche one then you can push Close Tronche one at 335 Tronche three I'm going to let ride Anywhere between 90 and 95 So I booked 56% About 2100 on Tronche one Lost about A little over 2000 on Tronche two So just barely green between Tronche one and two And then Tronche three Need to stay between 90 and 95 To make it a green Green power hour We're all good Good good so for the quiet lunch And Tronche two NTT did good My 1DTE did good AM did good DKS did good Tronche one did good Tronche three just needs to stay above 90 Michael Todd coming in with his normal 4000 plus day How's that feel Michael Todd that's just Becoming the norm for you It's job Michael And he had his eggs right before power hour So he's I mean Doesn't get any better than that $4000 a day times 252 trading days Michael That's seven figures That's a seven figure year right there Yeah are you doing anything Other than the TLC trades Or is that just TLCs Two minutes Hold your head above 90 little buddy Get up there get up there Just push up I'm gonna take my remaining contracts To the bell here For my power hour one because it's pretty much centered All right nice job Your little head above water Just for one more minute Nobody needs to take any profits To end the day Get back up there now There we go freeze Blunder 30 seconds Push up there buddy push up Just playing with our emotions Just playing with our heart strings You can do it Get up there buddy get up there Wrong way Up up up Up up and away There we go there we go Little mark up in the close Up up and away That's a pin That's a pin good for 2067 bucks All right all good stuff Green power hour Let's see next week Is the 29th on Monday So we do a zero DTE live stream In the morning at the open And then back for power hour Tuesday Chad will be live in the morning And then we'll be doing power hour Wednesday Chad will be live in the morning No power hour But we'll be streaming for FOMC And then Thursday and Friday Chad will be in the morning And power hour At the end of the day All right I'll take care have a good weekend Cheers See y'all