The Currency Merchant

Full Time NQ Trader Never Financial Advice.

[The Currency Merchant @CurrencyMerch]

Remember when everyone said you had to go back a year to find life-changing returns?

Here’s a real example.

Our $28,000 position in SanDisk call options just six months ago is worth well over $1 million today.

The lesson isn’t that options are a magic money machine. Most aren’t.

The lesson is that when you identify a high-conviction opportunity and manage risk properly, the upside can be far greater than most people imagine.

Opportunities like this are rare.

But they do happen.
And this time, we actually caught one.

[The Currency Merchant @CurrencyMerch]

Last week we asked:

What's the one trading rule you'll never break?

The winner wasn't even close. Max risk per trade.

Knowing the rule is easy.
Following it is what protects your account.

📌 Save this for later.

[The Currency Merchant @CurrencyMerch]

Had a feeling they were going trap late chasers. Rest day, let’s see what tomorrow brings!

[The Currency Merchant @CurrencyMerch]

Incredible move. Securing some profits here and letting the winners run.

[The Currency Merchant @CurrencyMerch]

Incredible move. Securing some profits here and letting the winners run.

[The Currency Merchant @CurrencyMerch]

Early, yes.

[The Currency Merchant @CurrencyMerch]

I still think tech could use one more liquidity sweep.

Clear out the resting stops, create some fear, then see buyers step in.

If that happens, I’d much rather buy the reclaim than chase today’s highs.

Sometimes the cleanest rallies start with one last shakeout.

Could the Middle East escalation (again 🫨) over the weekend provide it?

[The Currency Merchant @CurrencyMerch]

Last trading day of July.

Before you close the month out, what's the one rule you never let yourself break, no matter how good a setup looks?

Not the rule you know you should follow. The one you actually stick to.

[The Currency Merchant @CurrencyMerch]

$DELL weekly chart looks insane as well.

[The Currency Merchant @CurrencyMerch]

@PugetPointCap Fair point on the Vega risk, thank you. IV most likely will crush this

[The Currency Merchant @CurrencyMerch]

When I say light, this is what I mean. $NVDA Tight action and holding up well in this market. If we can get above the 212 supply, I’m targeting 228. Giving room for this to breathe and SL is a close below my MA’s.

[The Currency Merchant @CurrencyMerch]

This week has a lot of moving pieces: FOMC, Big Tech earnings, month-end positioning, a market that’s already on edge and trump tacoing.

Could we rip? Absolutely.

Could we flush? Also possible.

I’m in one trade with very light size. Planning to continue focusing on the relative strength. What’s got your focus this week?

[The Currency Merchant @CurrencyMerch]

If this gap up fades, I’m taking the week off

[The Currency Merchant @CurrencyMerch]

Survive. That’s the name of the game. There’s 0 shame in walking away from this market and waiting for more favorable conditions.

[The Currency Merchant @CurrencyMerch]

@jayalxndr I’ve had this same level mapped. It would be to easy…. right?

[The Currency Merchant @CurrencyMerch]

Really well put. Always keep your mind open to different scenarios. Great information TJ!

[TJ @Volume_Stocks]

$QQQ Weekly

I'm going to share this "thesis" again and we can come back later and see how it held up.

1) Everything on the chart says "Distribution"
- Chopping at the top of the trend
- Rounding Top Pattern
- RSI Bearish Divergence
- Large Cap Earnings selling off
- Bears and Bulls have all gone through pain

2) To me it all comes down to 686
- The wicks show that support better
- Will Bulls defend or will that level be lost?

Could it launch off support?

Yes, in fact we've seen the market bounce hard in the last couple years.

But, the probabilities favor a fade 📉

I'd like to say it this way; "What catalyst would have the power to give us that bounce and send a surge of strength back in the markets if earnings haven't?"

[The Currency Merchant @CurrencyMerch]

$SPY definitely doesn’t look hot.

[The Currency Merchant @CurrencyMerch]

Are we back? Or gap up and fade

[The Currency Merchant @CurrencyMerch]

Are we back? Or gap up and fade

[unusual_whales @unusual_whales]

BREAKING: Intel, $INTC, earnings:

- EPS: $0.42, est: $0.22
- Revenue: $16.1 billion, est: $14.4 billion

[The Currency Merchant @CurrencyMerch]

From compression comes expansion

[The Currency Merchant @CurrencyMerch]

$GOOGL Cloud backlog grew 82% year over year, driven largely by enterprise AI demand.

That money doesn’t stop at Google.

It means more data centers, more accelerators, more servers, more storageand a whole lot more HBM.

Hard not to see that as a strong downstream read-through for $MU.

[The Currency Merchant @CurrencyMerch]

@Pess_Play That's definitely the question rn. Either way, letting price confirm the next move beats trying to predict it.

[The Currency Merchant @CurrencyMerch]

FOMO isn't a mindset problem.
It's usually a process problem.

If u don't know exactly what ur looking for before the session starts, every candle starts looking like an opportunity.

Build a plan.
The emotions become much easier to manage.

📌 Save this for later.

[The Currency Merchant @CurrencyMerch]

$MU Beautiful bounce, close above the MA’s and now we are talking!

[The Currency Merchant @CurrencyMerch]

MU getting to my zone, but now under all the moving averages, ideally I’d like this start basing here before triggering a buy.