SPY near all time highs. Can it continue? Trade Ideas for Mon Oct 06
BOOM!!! Friday, another day, another pay day! SPX 6730p went to $25!!! Congrats CG on your 6730p scoops at 1.50.
On Friday I shared this idea:
With an after 11am failed breakout, contracts were cheap. Notice how for an hour these contracts based. Here is what the 6730p did!
After it started moving I scaled up on the backtest and here is the generated targets.
I edited alerting my final exits at 22. i was trying for that 26 but stalled out at 25.
Solid work!!
If you are tired of overtrading, not knowing how to plan trades, and want to make more in less time, come join us.
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.
Plan for Mon Oct 6
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.
Pre-Market Edge: Dominate Today’s Trades
Prepare for potential reversals at key levels near premarket highs.
Market Context
SPY shows upward momentum in premarket, with the latest close at 672.08, above the pivot of 670.8 and approaching resistance at 672.3. Recent price action over the last 5 days indicates a bullish bias, trading above multi-day lows around 661.7 and testing highs near 672.6.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.