I'm speechless! History making action. Trade Ideas for Apr 4
Have you ever had a Spectre Special? A trade that does 500%+ in under an hour?
SORRY ALL SOME HOW DURING EDITING LOST EVERYTHING I WROTE AND ITS ALMOST MARKET OPEN SO TODAY IS A SHORT BLOG.
Overall we massively banked yesterday nailed SPX puts mutliple times!
Limit down potential?
If the market decides to continue to dump heavily today we would need to hit somewhere between 499.7 to trigger the 7% limit down. Will it happen? At the moment I doubt it. We are nearing buying interest levels imho. But its anyone’s guess. If the whole world starts announcing tariffs against the US we could get fresh all day selling.
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
Trade Recap for Thu Apr 03
GOLD BOLD ITALIC = price action signal
WHITE REGULAR = action to take/taken
GREEN REGULAR = trades I should have taken
SPY / SPX
Solid trading day. With 2 Spectre Special payout in the last hour!
GET EXCITED. I’ll be publishing a book called Trading To Win: Stop trading to NOT lose. Title is still in the works. I plan to include exercises to help you improve your mindset and your trading. Leave a comment or send me a message if interested in the book.
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/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.
Trade Ideas - Plan for Friday Apr 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
Honestly with contracts this juiced and moves that have destroyed all market structure. I’m hesitant to trade today. I’m not convinced that my levels today will be accurate. Given the huge gap, news risk, and SPX contracts at 80-100% IV the cards seems heavily stacked against us.
That said, I’m the master of momo, so let’s see what I find.
Here is my plans and levels for today …
