Trading lesson for new traders:
BEFORE PLACING A TRADE, MAKE SURE THE INDEX IS TRENDING IN THE SAME DIRECTION AS YOUR TRADE.
For example, $FB shows you a long set-up. Make sure $QQQ is trending up or long.
Great set-ups will trend in the same direction as the indexes.
TWI Morning Report & Watchlist ☕
$SPX gapping up big overnight on the US x Iran reaching a peace deal. 7500-7520 is resistance on the session. Below that is set up to fade in the gap with support at 7480.
📈 7520 targets 7539
🛡️ 7480 - 7520
📉 7480 targets 7454, 7420
Watchlist
$HOOD 100C above 98.37
$TSLA 420C above 413
$SMTC above 172.36
$MRVL above 300
$INTC above 127.50
$MU $SNDK $NBIS $SPCX intraday setups
TRADE PLAN for Monday 📈
$SPX big gapping up almost 100 points on Iran News. SPX to 7600 in play after FOMC this week. Be careful chasing the gap this morning, Let's see if SPX can hold above 7500 first.
$MU up almost 80 points premarket. MU to 1200 in play. Watch to see if MU can dip near 1020 and hold before buying calls.. Big gap up this morning.
$HOOD setting up for 100 this week, if it gets through we can see a push to 120+. Calls can work above 94 this week
$QQQ back to all time highs at 748 in play. Calls can work above 735 for today.
Good luck everyone!! 🫡
TRUMP:
- DEAL WITH IRAN IS COMPLETE
- STRAIT OF HORMUZ IS NOW OPEN
- NAVAL BLOCKADE WILL STOP IMMEDIATELY
Official signing will be on June 19th in Switzerland, as per the Pakistani PM.
nice of Trump to do this 30 minutes before futures opening 😂
I tested every indicator for 10 years:
MACD, Bollinger Bands, Stochastics, Fibonacci, Volume Profile, Order Flow...
After $83K in losses, I only use TWO:
1. RSI (tells me when to enter)
2. Moving Averages (tells me the trend)
That's it.
Everything else is noise.
My 3-rule system for 95% win rate:
Rule 1: Only sell puts on red days (RSI <50)
Rule 2: Target 5% return in 30 days
Rule 3: Close at 50% profit (5-7 days)
Simple systems win.
Complex systems lose.
Every time.
Charlie Munger: “All good investing is value investing, by definition. There are just various places to fish for value investments.
And as the world gets tougher, you have to fish in places you didn't fish before.”
Options don't decay in a straight line.
They decay on a curve:
Days 30-15: Slow decay (10-20% of value)
Days 15-7: Medium decay (30-40% of value)
Days 7-0: FAST decay (40-50% of value)
This is why I sell 30 DTE and close at 50% profit around day 7-10.
I'm capturing the easy money and avoiding the risky final week.
Let someone else fight for that last 50%.
I'll take my profit and move to the next trade.
Work smarter, not harder.
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