$SPY Game plan For Tomorrow + Trade Recap (Spy Tomorrow) Day Trading Stocks - Options Trading

Summary

In 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.