What a market rally and afternoon yank yesterday! Will PPI data today continue the rally or will we get a reversal? -- Trade ideas for Thursday June 13, 2024
Godmorgen traders. I’ll be trading from Aarhus, Denmark until mid June.
Wow! AAPL ran all the way to 220! It got there in one additional day vs next week. Our 205c swing went from $1 to 15!
SPY made an impressive gap and go move reaching 544 and then providing a 10x trade opportunity after the FOMC meeting. I’ll go over how I traded this so you can take advantage on your own next time or join THT Pro for live alerts and comments.
As usually I focus on how can I efficiently use my time. We had trade setups for entry in first hour and I came back again for trades in the last hour. It was tricky but they paid huge!
Let’s get into it.
Introduction (for New Readers)
Welcome to my blog on Two Hour Trading, your daily source for market insights and trading opportunities. In this blog, I will provide you with a comprehensive analysis of the market, educational lessons, and trade ideas to help you stay ahead in your trading journey and best of all doing it less than two hours a day.
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Subscribers to this blog will receive daily updates on market analysis, educational content, and up to three trade ideas each morning, all based on real-life examples and my personal approach to trading.
NOTE: screenshots from chat are from Edge Trade Planner. A platform available to THT PRO members. Join Us for live commentary and planning. Note my goal is to actively trade less than 2 hours a day finding 1 to 4 great trades a day.
What is Two Hour Trading?
It’s 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 setup. Key benefits:
High Quality trades with great reward vs risk
Avoid Overtrading and losses from it
Trading to Win vs Trading to Not Lose
Stacking the deck in your favor
2024 Alert Leaderboard
(I’ve decided to include a leaderboard so you can see what potential the 2 Hour Trading System has)
The following is based on entry alerts.
June 12 - SPX puts on SPY 544 reject —> SPX 5220p went from $1 to $12
June 12 - AAPL 220c $0.85 —> ($850 —> $2800 potential)
June 11 - AAPL 200c $1.50 —> ($1500 —> $7500 potential —> $20000 if swung)
June 11 - AAPL 205c 6/21 $1 (swing) —> ($1000 -$6000 —> $15000 if swung)
June 11 - SPX 5360c $2.50 —> ($2500 —> $15000 potential)
June 10 - SPX 5350c $4.20 —> ($4200 —> $16000 potential)
June 6 - NVDA 1220c $12 —> ($1200 —> $2100 potential)
June 5- SPX 5350c 0.30 —> ($3000 —> $45000 potential)
June 5 - META 490c $3 —> ($3000 —> $9500 potential)
June 4 - SPX 5290/95 bear calls $1.80 —> ($1500 credit potential, $1000 if held to close)
June 3 - SPX 5280p $5 —> ($500 —> $4500 potential)
May 22 - SPX 5280p $0.10 —> ($1000 —> $43000 potential)
May 22 - SPX 5300p $0.50 —> ($500 —> $15000 potential)
May 21 - SPX 5320c $0.50 (alert: 0.25 target $2-5) —> ($500 —> $6000 potential)
May 21 - SMCI 1000c $9.25 Swing (entry day before) —> ($925 —> $2100 potential)
May 17 - AMD 170c $0.20 Swing (entry day before) —> ($200 —> $1500 potential)
May 16 - SPX 5300p $0.20 Round 3 —> ($200 —> $2800 potential)
May 16 - SPX 5300p $0.50 Round 2 —> ($500 —> $2600 potential)
May 16 - SPX 5300p $1 Round 1 —> ($1000 —> $5000 potential)
May 15 - SMCI 850c $12 —> ($1200 —> $10000 potential)
May 14 - SPX 5240c $0.50 —> ($500 —> $10600 potential)
May 14 - SPX 5230/5225 bull puts $4 —> ($4000 premium potential)
May 14 - SPX 5245c $0.20 —> ($200 —> $6000 potential)
May 14 - SPX 5240c $0.50 —> ($500 —> $10600 potential)
May 14 - SPX 5230/5225 bull puts $4 —> ($4000 premium potential)
May 13 - SPX 5220/5215 bull puts $2.50 —> ($2500 premium potential)
May 13 - TSLA 170p $1.90 —> ($1900 —> $2890 potential)
May 10 - AMD 162.50p $0.25 (0.25 entry) —> ($250 —> $1600 potential)
May 9 - SPX 5210c $1.25 (1-1.50 entry) —> ($1250 —> $6200 potential)
May 9 - SPX 5220c $0.20 —> ($200 —> $1100 potential)
May 9 - SPX 5200c $3 —> ($3000 —> 15800 potential) (dipped to 2.20)
May 8 - SPX 5200/5205 bear calls $1.20 —> ($1200 premium potential)
May 8 - SPX 5190/5195 bear calls $1.50 —> ($1500 premium potential)
May 8 - SPX 5180c $4 —> ($400—> $1100 potential)
May 7 - SPX 5190c $1 —> ($1000—> $4000 potential)
May 7 - SPX 5190c $1 —> ($1000—> $4000 potential)
May 7 - DIS 105p $0.40 —> ($400—> $1600 potential)
May 6 - SPX 5170c $3 —> ($300—> $1100 potential)
May 6 - SPX 5175c $0.40 —> ($400 —>$7000 potential)
May 3 - SPX 5150/5155 bear calls $1.50 —> ($1500 premium potential)
May 2 - SPX 5020p $7 —> ($700 → $2180 potential)
May 2 - SPX 5070c $1.20 —> ($1500 → $7200 potential)
May 2 - SPX 5070c $3—> ($3000 → $7200 potential)
Apr 30 - SPX 5080p $3 —> ($3000 → $45000 potential)
Apr 23 - SPX 5060/5055 bull puts - Entry $1.75 ($1750 premium potential) drawdown < $200
Apr 22 - SPX 5050c swing - $5.50 → ($5500 → $42000 potential)
Apr 22 - SPX 5000c - $3.20 → ($3200 → $39000 potential)
Apr 22 - SPX 5020c - $0.20 alert, dipped to 0.55, fill at $0.70 → ($700 → $20000 potential)
Apr 19 - SMCI 750p - $1.50 → ($1500 → $38k+ potential)
Apr 19 - NVDA 800p - Entry $0.5 ($500→$40k potential)
Apr 18 - SPX 5050c - Entry $6 ($6000→$16000 potential)
Apr 18 - SPX 5020p - Entry $4 ($5000→$20000 potential)
Apr 16 - SPX 5140/5135 bull puts - Entry $2.50 ($2500 premium potential) drawdown < $300
Apr 12 - SPX 5100p $1. (dipped to 1.30) - Entry $2 ($2500 premium potential)
Apr 11 - SPX 5180/5185 bear calls - Entry $2.50 ($2500 premium potential)
Apr 10 - SPX 5180/5185 bear calls - Entry $2.50 ($2500 premium potential)
Apr 10 - SPX 5170c - Entry 0.50 ($500 → $5000 potential)
Apr 9 - SPX 5185/5180 bull puts - Entry $3 ($3000 premium potential)
Apr 9 - SPX 5205c - Entry $0.50 ($500→ $6000 potential)
Apr 8 - SPX 5225/5230 bear calls - Entry $1.20 ($1200 premium potential)
Apr 8 - SPX 5200/5195 bear puts - Entry $0.10 ($1000→ $8000 potential)
Apr 4 - SPX 5250p - Entry $4 ($4000→ $100k potential)
Apr 4 - SPX 5180p - Entry $1.30 ($1300 > $32k potential)
Apr 3 - SPX 5175/5170 bull put - Entry $1.50 ($1500 premium potential)
Apr 2 - SPX 5175/5170 bull put - Entry $1.50 ($1500 premium potential)
Apr 2 - SPX 5205/5200 bull put - Entry $1.50 ($1500 premium potential)
**Past Performance is not indicative of future results
For live alerts and market commentary click the button below.
Wednesday Price Action (Education)
You don't try to make $100,000 ...You don’t start by saying, I’m going to make the biggest most profitable trade and turn $1000 into $100,000 and fix all my bad trades before.
You say, I’m going to plan and execute 1 trade as perfectly as I can today. You do that every single day, and soon you'll have a $100,000 and likely much more!
Please note all times are Eastern/New York regardless of what time zone I happen to be in.
SPY / SPX
Given the gap and go, there wasn’t a trade for me until after 2:45pm per yesterday’s plan. Why 2:45pm? It lets me avoid the noise that follows after 2pm while contracts are juiced and I get let the contracts bleed out.
Once we are over 3 to 4 levels away from previous day close I have to look for a short.
In yesterdays case I wrote that I was looking for puts on 544 reject. We got a fast pop into 544 and a sharp sudden reversal.
Check out what the SPX 5420p did.
On Spy reaching 540.60, I alerted I was all out of puts and I also liked SPX 5420 bull puts. This credit sell went from 3 to 3.50 to 0. imagine collect $3000 in premium risking $1000 with an 86.5% win rate… You take that bet every time!
AAPL
AAPL had a wild day 2 move. I wasn’t expecting it, but that is why we had a swing trade on… Once it became clear that 218-220 was potentially coming I alerted taking AAPL 220c. T1 through T3 targets were met! For over 10x reward to the risk!
Now when you have abig move like this, it’s import to watch the levels. notice how 218.30 turned into resistance and then in after after FOMC notes came, AAPL ran to 220… but what happened after…. notice the break back below 518.30… That is where you can go short targeting vwap and possibly theo level below.. It isn’t an accident that AAPL dump into 212.30 into the close. It’s just how the levels and momentum work. We had a failed breakout after an almost 15% 2 day run in AAPL. Profit taking was bound to come in at some point.
Trade Ideas - Plan for Thursday June 13
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
The big question today is what will PPI give us and how will the market react? IMHO if market holds, we should look at secondary names for a possible rally such as AMZN, META. , If market fails, these names could also flush
It is said that Musk’s pay package is being approved and so far the reaction is alleviating the fears Musk would leave. I’ll be eyeing for a trend. I alerted taking 200c for next week as a yolo for 1.05 yesterday. These should be up huge by open.