Bulls Win Day 2 of 2025. Markets Gapping Up! Trade ideas for Jan 06, 2024
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Good morning traders !
We are back to regular trading days though we do have Thursday off in memory of Jimmy Carter.
I was hoping for a dip on Friday to start possible swings but we more less got gap and go, and getting continuation of that today. 587 reclaim was key with 591.50 clearance as confirmation.
I missed the dip buy I wanted on calls by $1 and the contracts I wanted ran 400%. Sometimes that will happen.
I was distracted with pakcing/travel/ and last beach day in Brazil and sadly missed a lot of great opportunities. But THAT IS OK! I can’t stress this enough. To let regret from missing trades be a thing. focus on process and planning. Sure I missed trades, but I have 0 doubt that there will be more trades coming in 2025! I think 2025 will be a banner year for day traders!
I would be more worried if I didn’t have a process that repeatedly identified and allowed for planning great trades. The only difference between the trade missed and the next trade is patience, the process handless the rest.
Let’s get int the action and what we have lining up today.
Friday Highlights
SPY - broke 585 flushed to 580.50 but gapped up on Friday and reclaimed 585. As I wrote Friday, Bullish over 587 and that was exactly what happened. with market running 2 levels up to 591s.
TSLA - monster failed breakdown reversal. I was waiting for 366 to flip long but should have started under 380. Monster rip all the way to 412!
NVDA - Broke out of consolidation, and possibly ready for new highs.
Monday Premarket Highlights
SPY - Large gap up over 595 after clearing 592 early Monday morning.
TSLA - pushing toward 420
NVDA - gapping up into 148s, putting 152.89 all time high in striking distance this week
AMD - gapping up to 129
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Introduction (for New Readers)
Welcome to my blog on Two Hour Trading—your daily source for market insights and trading opportunities. Here, you’ll find comprehensive market analysis, educational lessons, and trade ideas to help you excel in trading, all while spending less than two hours a day.
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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
2025 Q1 Alert Leaderboard
Here's a look at some of the potential gains achieved through our entry alerts:
2024-01-02 SPX 5880p 11 to 40+
2024-01-02 SPX 5820p $2 to 10
2024-01-03 SPX 5930c $2, dipped to $3 and ran to $11
**Past Performance is not indicative of future results
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Trade Recap for Friday Jan 02
GOLD BOLD ITALIC = price action signal
WHITE REGULAR = action to take/taken
GREEN REGULAR = trades I should have taken
SPY / SPX
Were you able to spot the signals?
I started the morning with short bias for some gap fill per process. but then we got a failed breakdown. At this point, I was trying to find a strike a dip entry price for calls, but they just were giving me a fill.
I finally tried to get 5940c for $2 target $10+ for exit and they only dipped to 3 and ran to $11.
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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/failed breakdown reversal
Join at vwap mid day or end of day
Keep it simple. Don’t chase, wait for support levels for great risk/reward entries!
Education - 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.
Let me know in the comments if you have questions or would like to see examples, I’ll share them.
Trade Ideas - Plan for Monday Jan 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.
Ideas
With market gapping up strong, I will have to focus on profit taking trades for my first trade nd then look for more upside into inauguration day.
Read on for my thoughts/plans…