1ST 30 MINUTES RANGE TODAY IS EVERYTHING !!!
SO MANY OF YOU AND OUR NEW SUBSCRIBERS ARE GOING TO SEE US HANDLE THIS GAP DOWN TODAY!
WE ARE IN CALLS AND WE SOLD A PARTIAL OF OUR POSITION AT THE CLOSE YESTERDAY, SO WE ARE GOING TO BE IN A LOSING POSITION AT THE OPEN ON OUR REMAINING POSITION
WEDNESDAY OPEN WILL PROBABLY OPEN UNDER TUESDAY'S LOW...SO HOW WILL WE HANDLE THIS SCENARIO?
DO WE THINK MARKET CLOSES ABOVE OR BELOW TODAY'S OPEN?
IF THE HIGH IS OVER $1.00 ABOVE THE OPEN (92% WED CLOSE > WED OPEN)
IF THE LOW IS OVER -$1.00 BELOW THE OPEN (84% WED CLOSE< WED OPEN)
FIRST OF ALL WE WILL BUY 283 CALLS RIGHT AFTER THE OPEN, AND WE WILL BUY CALLS ALL THE WAY TO THE FIRST LOW. IF THE 30 MINUTE LOW IS > -$1.00 (THEN WE WILL KNOW THE ODDS FAVOR A CLOSE < OPEN).
WE WILL LET THE 30 MINUTE HIGH BE OUR GUIDE...
IF QQQ BREAKS THAT HIGH WE CONTINUE TO HOLD OUR CALLS (283 AND 285 CALLS) FURTHER AND LOOK FOR A TEST OF THE MOP 282.35
IF QQQ HOLDS THAT HIGH WE WILL BUY 278 PUTS AND THEN SELL ALL OUR CALLS IF THE 30 MINUTE HIGH CONTINUES TO HOLD
OUR MODEL TELLS US THAT MONDAY'S RANGE WILL BE BROKEN (276.77-285.29)
TUESDAY THE ODDS FAVORED A BREAK OF THE 285.29 HIGH
WEDNESDAY THE PIVOT WILL BE THE MOP 282.35
IF WEDNESDAY HIGH IS < 282.35 THEN THE ODDS FAVOR A BREAK OF MONDAY'S LOW 276.77 BEFORE FRIDAY'S CLOSE..
MONDAY WE SAW A HUGE DROP TO 276.77 AND TUESDAY WE SAW A GOOD RECOVERY OF MONDAYS DROP. NORMALLY THAT WOULD BE AN ENVIRONMENT FOR MORE UPSIDE...NOTHING NORMAL ABOUT 2020!!!
WE MENTIONED EARLIER THIS WEEK MANY OF THE QQQ HIGHLY WEIGHTED STOCKS REPORT AFTER THURSDAY CLOSE...THIS IS GOING TO BE INTERESTING!
THE MARKET GIVES US LEMONS, SO WE MAKE LEMONADE
WE ARE IN CALLS AND WE SOLD A PARTIAL OF OUR POSITION AT THE CLOSE YESTERDAY, SO WE ARE GOING TO BE IN A LOSING POSITION AT THE OPEN ON OUR REMAINING POSITION
WEDNESDAY OPEN WILL PROBABLY OPEN UNDER TUESDAY'S LOW...SO HOW WILL WE HANDLE THIS SCENARIO?
DO WE THINK MARKET CLOSES ABOVE OR BELOW TODAY'S OPEN?
IF THE HIGH IS OVER $1.00 ABOVE THE OPEN (92% WED CLOSE > WED OPEN)
IF THE LOW IS OVER -$1.00 BELOW THE OPEN (84% WED CLOSE< WED OPEN)
FIRST OF ALL WE WILL BUY 283 CALLS RIGHT AFTER THE OPEN, AND WE WILL BUY CALLS ALL THE WAY TO THE FIRST LOW. IF THE 30 MINUTE LOW IS > -$1.00 (THEN WE WILL KNOW THE ODDS FAVOR A CLOSE < OPEN).
WE WILL LET THE 30 MINUTE HIGH BE OUR GUIDE...
IF QQQ BREAKS THAT HIGH WE CONTINUE TO HOLD OUR CALLS (283 AND 285 CALLS) FURTHER AND LOOK FOR A TEST OF THE MOP 282.35
IF QQQ HOLDS THAT HIGH WE WILL BUY 278 PUTS AND THEN SELL ALL OUR CALLS IF THE 30 MINUTE HIGH CONTINUES TO HOLD
OUR MODEL TELLS US THAT MONDAY'S RANGE WILL BE BROKEN (276.77-285.29)
TUESDAY THE ODDS FAVORED A BREAK OF THE 285.29 HIGH
WEDNESDAY THE PIVOT WILL BE THE MOP 282.35
IF WEDNESDAY HIGH IS < 282.35 THEN THE ODDS FAVOR A BREAK OF MONDAY'S LOW 276.77 BEFORE FRIDAY'S CLOSE..
MONDAY WE SAW A HUGE DROP TO 276.77 AND TUESDAY WE SAW A GOOD RECOVERY OF MONDAYS DROP. NORMALLY THAT WOULD BE AN ENVIRONMENT FOR MORE UPSIDE...NOTHING NORMAL ABOUT 2020!!!
WE MENTIONED EARLIER THIS WEEK MANY OF THE QQQ HIGHLY WEIGHTED STOCKS REPORT AFTER THURSDAY CLOSE...THIS IS GOING TO BE INTERESTING!
THE MARKET GIVES US LEMONS, SO WE MAKE LEMONADE
Trade active:
WE UNDERESTIMATED HOW WEAK THE BOUNCE WAS, AND WE UNDERESTIMATED HOW BIG THE DROP WOULD BE!
WE HAVE 283 CALLS AND 279 CALLS WE BOUGHT THIS MORNING AND ARE UNDERWATER ON BOTH.
THE VWAP BREAK IS OUR ONLY OPTION TO SALVAGE A PROFIT FOR TODAY
WE HAVE 283 CALLS AND 279 CALLS WE BOUGHT THIS MORNING AND ARE UNDERWATER ON BOTH.
THE VWAP BREAK IS OUR ONLY OPTION TO SALVAGE A PROFIT FOR TODAY
Trade active:
OKAY WE DID NOT HAVE A GOOD DAY...IN FACT THIS IS A 1 OUT OF 100 DAY FOR US.
1. OPENED UNDER TUESDAY LOW: NO BOUNCE AFTER OPEN
2. WE ADDED CALLS TOO EARLY IN THE DAY
3. WE WAITED FOR VWAP BREAK AND THAT TOOK 6 HOURS
4. VWAP BROKE AND WE DIDNT SELL ANY CALLS AND THEN LOCK DOWN ANNOUNCED
5. ONLY BRIGHT SPOT: WE RECOMMENDED 275 CALLS INTO THE CLOSE AT $2.00
6. GOAL IS A GAP UP AND/OR $2.00+ POP AFTER OPEN THURSDAY AND THEN PIVOT OFF OF THE 275 LEVEL TO HOLD ANY CALLS OR SELL CALLS
1. OPENED UNDER TUESDAY LOW: NO BOUNCE AFTER OPEN
2. WE ADDED CALLS TOO EARLY IN THE DAY
3. WE WAITED FOR VWAP BREAK AND THAT TOOK 6 HOURS
4. VWAP BROKE AND WE DIDNT SELL ANY CALLS AND THEN LOCK DOWN ANNOUNCED
5. ONLY BRIGHT SPOT: WE RECOMMENDED 275 CALLS INTO THE CLOSE AT $2.00
6. GOAL IS A GAP UP AND/OR $2.00+ POP AFTER OPEN THURSDAY AND THEN PIVOT OFF OF THE 275 LEVEL TO HOLD ANY CALLS OR SELL CALLS