1000% WON. 3600% trade missed. SPY fills gap and rips into close. Trade Ideas for Thu Sep 4
VIDEO REVIEW: Learn how to trade the ideas. We got 1000% but missed 2800% more! Bad Spectre.
Hey traders, as we gear up for another rollercoaster in SPY, volatility with failed breakouts above 646 and breakdowns below 641 holding firm. The previous day's close was 643.85, and the latest premarket close at 08:21 sits at 644.31, which is just above the pivot at 643.3 but flirting with resistance at 646.19. This positions us for a mildly bullish bias at open, but watch for failed moves if we push too hard.
Overall, I expect range-bound action unless volume spikes break the range.
Yesterday’s Trade Ideas delivered yet again! Check out how to trade the action in today’s video.
Trade REVIEW: 1000% Gained 2800% missed. Staying out of the Chop.
There is massive opportunity in this market. Are you taking advantage? Literally have planned and alerted trades that pay over 300-1000%! You will need patience to wait for entries and the exits. But if you have self discipline or trust bracket orders, my process can help you get the results you want.
What is Two Hour Trading?
Two Hour Trading is my system for finding and executing trades while spending less than two hours a day trading. My goal is to earn 100-300% on the capital I risk while waiting for 1000%+ gain trades to set up. Key benefits include:
High-quality trades with excellent reward vs. risk
Avoiding overtrading and losses from it
Trading to win vs. trading not to lose
Stacking the deck in your favor
If you are busy and want to see my commentary and ideas in real time consider joining THT-PRO.
Education
How to Join a Strong Trend
The process I typically follow for joining a strong trend are as follows:
All day grinder: join on dips to 20ma
Multi-day grinder:
Join either on support test of morning lows or failed breakdown reversal at key level
Join at VWAP mid day or end of day
Keep it simple. Don’t chase, wait for support levels for great risk/reward entries!
Systematic Profit Taking
How do I take profits? I keep it relatively simple. Depending on the entry and range to the next levels I typically with take profits 50-100% of my profits at 3-10R and then raise stops to above entry with a goal of letting runners take me to the next level or 2 and to then reload if I believe we are consolidating before the next leg.
I then repeat the same process on the reload.
Securing Profits on Options overnight
Sometimes you get this massive paper gains overnight on options but you can’t secure it right? Well if you have a big enough account and a margin account if you have calls you can. What you need to do is buy or sell the stock overnight. and the option turns into a hedge against that position essentially securing your profits.
Plan for Thu Sep 04
Stick to process. The process and trade setups I teach works. Rinse and repeat over and over again. There will be losses. Any good system will have them. Being systematic also means the gains will repeat and come again too. If you keep changing your system/process trying in an effort to never lose a trade, you will never get to where you want to go.
Key Events Today
08:30 ET - Initial Jobless Claims - Expected to show steady labor market, but a surprise higher number could pressure stocks downward.
10:00 ET - ISM services - data might add volatility if it signals economic slowdown.
Key Levels and Their Significance
652.5 - Resistance: Strong upper barrier with low probability of breach today (40% based on recent highs holding); ideal for scalpers eyeing failed breakouts in early session, aligned with multi-day high from volume spike on 2025-08-28.
647.9 - Resistance: Key overhead with historical rejections; 60% bounce rate from past data, suits swing traders for short setups at midday if premarket momentum fades.
646.19 - High Priority Resistance: Within 0.4% of premarket price, frequent volume spikes >2x average here (e.g., 2025-09-03 rejections on 1-minute chart); 75% probability for failed breakout reversals, active at open for all trader types.
643.3 - Pivot: Central fulcrum with multiple bounces last week; 70% hold rate, great for intraday scalps around lunch hour, showing clear support on Fibonacci alignment from 2025-09-02 low.
641.59 - High Priority Support: Close to premarket (0.4% below), volume spikes 2.5x average on 2025-09-03; 80% reversal probability for failed breakdowns, best for hustling pros seeking quick longs post-open.
638.7 - Support: Deeper level with past holds; 65% chance of bounce if tested, relevant for cautious investors in afternoon, backed by frequent rebounds in extended data.
634.1 - Support: Lowest guardrail, unlikely today but strong if market tanks; 55% probability based on multi-day lows, with volume confirmation from 2025-09-02 action.