$SPY Game plan For Tomorrow + Trade Recap (Spy Tomorrow) Day Trading Stocks - Options Trading
Summary
TLDRIn this trading video, the host reviews the trades executed in the private Discord channel and discusses the strategy for the next day. With a slow market day and no significant alerts, the focus was on the zero DT charts, particularly the 50 SMA rejections and a short trade opportunity at the open. The host emphasizes the importance of waiting for the 50 SMA to level out or curl up before entering trades. They also mention the upcoming PPI and CPI data releases, which could influence market direction, and advise caution due to the choppy market conditions.
Takeaways
- 📈 The speaker discusses trades taken inside a private Discord group and the game plan for the next day.
- 🔍 It was a slow day for trading, with no significant alerts or trades provided due to the market's lack of clear opportunities.
- 📊 The only notable trade mentioned was a short opportunity at the open, near the 50 SMA on the call side, which was rejected.
- 📉 The QQQ contract was highlighted, showing a negative cross at the open, leading to a downward move.
- 💡 The speaker attempted a short trade on the Zero DT chart, which resulted in a break-even outcome.
- 🚫 The speaker emphasized the importance of waiting for the 50 SMA to level out or curl up before entering a trade.
- 🔄 The market was described as choppy, with no clear direction, and the speaker advised caution and smaller trade sizes.
- 📅 The speaker anticipates potential downside movement depending on the PPI and CPI economic indicators.
- ⏳ The speaker is not biased towards a particular direction and plans to focus on 5-minute crosses for trading signals.
- 🛡 The 4-hour 50 SMA is identified as the last line of defense for bears, and its breach could lead to significant market movement.
- 🔗 The speaker encourages viewers to subscribe and join the private Discord for more trading insights and updates.
Q & A
What was the main focus of the video?
-The main focus of the video was to discuss the trades taken in the private Discord, the game plan for the following day, and to analyze the market conditions and trading opportunities on a slow day.
What was the only trade mentioned that could have been taken at the open?
-The only trade mentioned was a short opportunity on the call side, which opened near the 50 SMA and was rejected, allowing for a short entry.
What contract was used as a reference for the QQQ analysis?
-The QQQ contract was used as a reference to analyze the market opening and the subsequent move down.
What was the outcome of the short trade attempt on the Zero DT chart?
-The short trade attempt on the Zero DT chart was described as a break-even trade.
Why did the speaker decide to exit the trade early on the put side?
-The speaker decided to exit the trade early on the put side because the market broke below the 50 SMA, and they anticipated a further breakdown without waiting for the close.
What was the speaker's approach to trading on the day described in the video?
-The speaker's approach was cautious, focusing on the 5-minute crosses and avoiding larger positions due to the choppy market conditions.
What was the speaker's view on the 30-minute contracts for the day?
-The speaker viewed the 30-minute contracts as neutral because the market was choppy and did not provide clear direction.
What economic indicators are mentioned that could impact the market in the following days?
-PPI (Producer Price Index) and CPI (Consumer Price Index) are mentioned as economic indicators that could impact the market.
What was the speaker's bias going into the next trading day?
-The speaker did not have a strong bias going into the next trading day, planning to watch the 5-minute crosses and react to the PPI and CPI data.
What was the speaker's strategy for managing risk in a neutral market?
-The speaker's strategy in a neutral market was to protect capital, trade smaller sizes, and focus on the 5-minute crosses for potential opportunities.
How did the speaker describe the importance of the 50 SMA in trading decisions?
-The speaker emphasized the importance of the 50 SMA leveling out and starting to curl up as a signal for potential trades, and avoiding trades when the 50 SMA has already been rejected multiple times.
Outlines
📊 Stock Trading Recap and Strategy
In this video, the host reviews the trades conducted in the private Discord group and outlines the plan for the next day. The day discussed was slow for trading opportunities, with the only notable trade being a short position opened near the 50 SMA at the market open, which was rejected. The host also mentions observing the QQQ contract, which went negative at the open, offering a potential short trade. The video includes a brief analysis of the Zero DT charts, highlighting a break-even short attempt and a discussion on the importance of the 50 SMA's level and curl direction for trade entries. The host emphasizes the need for caution in a neutral market, suggesting smaller trade sizes and a focus on five-minute crosses due to the lack of clear direction from the 30-minute charts.
🔍 Market Outlook and Defensive Strategy
The second paragraph delves into the market outlook, discussing the neutrality of both call and put options on the 30-minute and hourly charts. The host points out that the 4-hour chart is the last line of defense for bears, with the 50 SMA being critical to hold. The daily chart is noted as neither bullish nor bearish, suggesting a lack of clear trend. The host anticipates potential downside movement based on upcoming PPI and CPI economic data releases and plans to use zero DT contracts as a guide for trading decisions. The video concludes with an invitation for viewers to subscribe and join the private Discord for real-time trade insights and analysis.
Mindmap
Keywords
💡Zero DT charts
💡50 SMA
💡Discord
💡QQQ contract
💡Short
💡Put side
💡Break even trade
💡PPI
💡CPI
💡4 Hour 50 SMA
💡Capital protection
Highlights
Introduction to the video discussing trades taken inside the private Discord and the game plan for the next day.
Today's market was described as super slow with no significant alerts issued to the Discord community.
The only trade considered was a short opportunity at the open near the 50 SMA on the call side, which was rejected.
Observation of the QQQ contract showing a negative cross at the open, indicating a potential short setup.
A break-even short trade attempt on the Zero DT chart was mentioned.
Towards the end of the day, a cross on the puts led to a small trade that was exited early to avoid risk.
No addition to the position was made as the price never went above the 10s, keeping the trade size small.
The speaker explains the importance of waiting for the 50 SMA to level out or curl up for a reliable trade setup.
The rejection of the 50 SMA twice suggests caution against taking a third rejection trade on the Zero DT charts.
The speaker did not enter a trade due to the lack of a clear cross and the choppy market conditions.
The speaker's neutral bias going into the next day, with no strong preference for a bullish or bearish move.
The importance of watching the five-minute crosses for potential trades, given the lack of clear direction from the 30-minute chart.
The speaker's strategy to protect capital and size trades smaller in a neutral market to reduce risk.
The potential impact of PPI and CPI news on the market direction in the coming days.
The last line of defense for bears is holding the 4-hour 50 SMA, with the possibility of an explosive move if broken.
The use of zero DT contracts as a guide for trades throughout the day, with a focus on reacting to CPI news.
A call to action for viewers to subscribe, share, and join the private Discord for more trade insights and information.
Transcripts
yo going guys welcome back to the
channel man to this video going to go
the trades we took to inside the private
Discord as well as the game plan going
into tomorrow so today man super slow
day if you guys were in the cord didn't
alert anything um there really just
wasn't anything to give out to you guys
today because if we look on the charts
here um just the zero DT charts in
general um here's the open of the call
side so we're right open this is like
really the only trade in my eyes that um
you could have taken that was provided
today right at open we opened right near
this 5050
SMA um on the call side and we ended up
rejecting so once we started um
rejecting that 50 you could have got in
for a short and also at the time I was
watching the um what was it called the
QQQ contract so if we look at QQQ real
quick
um this is what those look like so right
at open um this is what QQQ was like we
ended up Crossing negative right at open
on these contracts so if we look back
here right at open these went negative
and we got a nice move down um so that
was like the only really setup I saw
today but just in terms of spy there
wasn't um really anything to take so um
I did try a short if we look here it was
pretty much a break even trade U if we
pull up the what was it the put side of
things um
on the Zero DT chart forget what chart
it's on yeah this is on the put side so
towards the end of the day we got this
cross on the puts so when we got this
cross right here this 5050 ended up
pretty much leveling out so at that
point I ended up taking a stab um and
then once this candle was forming we
ended up breaking below it a little bit
and I just hopped out as soon as I saw
it breaking a little I didn't even wait
for the closer just because uh most
likely this was going to break down and
if it did get back above I would have
just re-entered so um yeah I told
Discord I was going to add if we got
back above this 10sa we never got above
the 10s so it never added to the
position so I mean it kept it like
really small as like size compared to um
usual just because of how choppy it was
today but we never got my ad to it so um
I mean the 10o loss is pretty much
nothing um but yeah the those are the
zero DT chars for the day I mean if you
wanted to you could have played these
little rejections at the 50 SMA but
personally was just waiting for a cross
to happen um if you want to take these
rejections you can obviously they could
be a little bit riskier like you would
have got stopped out on this one right
here cuz we closed above um and then
also came up to
it again and he would have been stopped
um but I mean obviously I wouldn't take
like the the 50 test after we already
reject it once twice and then the third
time I definitely would not be taking a
reject on the Zero DT charts um and then
the call side of things this is what
these looked like um so at open we got
that rejection at 50 we came up um again
you would have been stopped out of this
rejection on the 50 on the call side uh
the reason why I never entered this
cross right here is because we never got
the 50 SMA a curl up if you guys trade
the system you guys know that I always
say you got to wait for this 50 SMA to
level out and start to curl up or level
out or curl up one one or the other and
how I judge that is based off of these
like dotted lines right here as you can
see that's when I could tell it's
perfectly level like in that pull cross
it was pretty level like I mean I gave
it a shot it was worth a shot because we
didn't get a cross all day so um we
ended up you know stopping out but I
mean it was worth a shot in my my
opinion and yeah we end up hitting the
50 right here if you wanted it to you
could have taken it but once again I was
just waiting for the cross um just
because we didn't get anything all day
and that was what I was looking for
didn't get it so there was no uh trade
to take didn't call anything out um
besides that cross on put so I'm going
into tomorrow I mean I I don't really
have a bias um if you look on the
contracts on the 540 calls the 30 minute
um were neutral on both of the contracts
in my eyes because look like look at the
chop today this is how you know it was
bad that's why I didn't take the 30
minute into consideration much just
because of how choppy we were and also
with this hourly 50 SMA right
here um I mean I would favor the
downside just because this just doesn't
give us much room to go to the upside so
I'm going into the rest of the week I
would expect you know maybe some
downside it just depends on PPI tomorrow
once again we have PPI and then CPI so I
mean there's no really like I don't have
a strong bias either side I'm just going
into each day just watching the five-
minute crosses and if we do like get a
pop up into this hourly then maybe I
take a rejection play off of there but
for now I'm just focusing on the 5
minute crosses as that's the best thing
to do because I mean 30 minutes giving
no clear Direction um as you can see
it's just a bit choppy action this is
where um like you want to protect your
Capital protect you know the trades you
taking you know size less maybe if
you're taking things just because um you
know the like when the market is neutral
that's where you want to be you know
like risking less like when we're
trending that's when it's way easier to
capitalize on big moves and like hold
for longer when we're neutral a little
bit harder to do that so um I mean
that's the call side of things if you
look at the puts um I mean we're kind of
in the like not much of a different spot
than we were um yesterday but where the
puts at red right yeah okay so 30 minute
once again we're neutral on the puts as
well so um
yeah no clear Trend if we go to the
hourly we were negative on those two
hours cross negative today um and then
the 4 Hour is the last line pretty much
defense um that we got going here so um
daily also I mean the Daily's not really
flat or pointing up so I mean I wouldn't
really take that into consideration but
if we did get like a downside move off
of PPI and CPI then this would end up
curling the 50 SMA in these contracts
would explode so um yeah it's pretty
much the last line of defense for the
Bears they would they got to hold this
4our 50 SMA it's possible that they do
I've seen it happen but um yeah we're
just going to be you know using the zero
DT contracts as our guide throughout the
day tomorrow and Wednesday we're going
to see how CPI reacts and see what the
charts look like after uh the news comes
out so yeah it's pretty much all I got
if you guys enjoyed drop drop a sub I
share all my like all the information
throughout the day on the trades that
I'm looking for and what to look for um
in the private Discord down below so if
you want to join up link to that is in
the description but yeah hope you guys
enjoyed Drop Like drop a sub and uh I'm
out peace
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