Will PPI numbers help bulls secure a 2nd green day? Trade ideas for Jan 14, 2024
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Good morning traders !
Solid start to the week. a Handful of 100-200% gainers and a nice 400% gainer but the biggest bummer is missing 1000% by 0.15. But that is fine, it not like we never find them. In fact using my process, its virtually guaranteed we will find at least 2 every month and sometimes as many as 10! If the past is any indication.
So yesterday I said I was looking for a gap down reversal off the 575-576 area and we got just that. The target 585. We got that in premarket. That is the hurdle to clear for bulls to carry the market higher.
Be sure to read the entire blog to get my ideas for today. If you used yesterday’s ideas. You should have made at least 100-200% gains on your trades between SPY and TSLA.
Monday Highlights
SPY - bounced right off the 575.50 level and pushed over 581 into the close.
TSLA - bounce right o the 482 level. perfect plan to scoop 420 or 430 calls on dips . we scooped 430c for 1.10-1.50 and then closed over 3.30 end of day. In after hours it ripped over 410!
Tuesday Premarket Highlights
SPY - gapped up and tested 585 and has since fade back to fill most of the gap ahead of PPI
TSLA - gapping up to 410s
AMD and NVDA - gapping up one level
BTC - gapping up to 97k
MSTR - gapping up to test 340s
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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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Subscribers receive daily market analysis updates, educational content, and up to three trade ideas each morning based on real-life examples and my trading approach.
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?
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
2024-01-06 SPX 5980p $1.70 → $20 ($1700 to $20k potential)
2024-01-07 SPX 5900p $0.50 → $11 ($500 to $11000 potential)
2024-01-07 SPX 5930p $5 → $17.4 ($5000 to $17400 potential)
2024-01-07 SPX 5930p $5 → $40 ($500 to $4000 potential)
2024-01-08 SPX 5800p 1/10 $4 → $10 ($400 to $1000 potential)
2024-01-10 SPX 5800p 1/10 $4 → $10 ($400 to $1000 potential)
2024-01-13 SPX 5820c $5 → $10 ($400 to $1000 potential) **Round 1
2024-01-13 SPX 5820c $2.80 → $16 ($400 to $1000 potential) ** Round 2
2024-01-13 SPX 5820c $4.50 → $16 ($400 to $1000 potential)** Round 3
**Past Performance is not indicative of future results
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Trade Recap for Tuesday Jan 13
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?
Comment on how you did.
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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 14
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
Need to watch or market reaction after PPI. decent change we may do rangy moves and chop and wait for CPI numbers.
Read on for my thoughts/plans…