SPY - Premarket Breakout: Claim Your Edge Now! Trade Ideas for Fri Oct 24
400% gainer alert! + EDGE Identifies the launchpad in TSLA! Learn how Edge can change you trading game. It's still a work in progress but so powerful!
Yesterday EDGE gave me confidence in the 2 trades/ideas. TSLA and SPY longs.
TSLA calls went on to 1000% gains
SPX calls went from 5 to 20.
Video Lesson/Review SPY/SPX and TSLA
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 Fri Oct 24
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.
SPY surges past key resistance, watch for reversal traps to lock in profits.
Market Context
SPY’s premarket action shows a sharp breakout above the previous multi-day high of 672.99, reaching 678.00 before pulling back to a latest close of 675.70. This positions the price just above R1 at 675.42, with a bullish bias driven by yesterday’s strong recovery from 666.58 lows on elevated volume. Overall chart pattern suggests continued upside momentum unless rejected at R2 677.84, but monitor for failed breakout signals near premarket highs.
Key Events Today
08:30 - CPI