$AMD trade idea.
I would love to see a retest around the 212, and possibly 207 level to fuel this move towards the 222.50 node. Since price has swept the demand lows twice, I think it has enough fuel to power the upside move.
It really needs to have a strong displacement candle above the 218 level, and hold above it so we can see a move back to 230.
I'll be looking to enter calls above 222.50, or and buy dips at 212 and 207.
Adding some colorblind friendly options which also happen to speed up the file significantly. Going to upload the file somewhere other than googledrive later this weekend because weird people keep requesting edit access to it.
People keep asking how I turned $300 into $50k.
I played $SPX, and I played it with a plan.
I’ve attached my map for next week.
I use gamma exposure as one of several tools.
GEX helps me understand the price environment, not where price “should” go, but how dealers hedge and how big money flows through the tape. Retail doesn’t move SPX. Dealers and funds do.
I’ve gotten a lot of questions about how gamma actually works, so here’s the ultra-simple version:
Pos γ: buy dips / sell rips, low vol, chop
Zero γ: flip zone
Neg γ: sell weakness, high vol, trend
Simply put:
Pos = chop
Zero = pivot
Neg = momentum
Right now we’re still in a buy-the-dip environment.
If we break below zero gamma, that’s when vol picks up and selling accelerates.
Negative gamma amplifies direction. Positive gamma absorbs it. That’s why one area behaves like quicksand, and the next behaves like an air pocket.
This is just one confluence.
It’s not about how the market “should” react, it’s understanding why price may move the way it does. Combine it with:
• volume by time
• volume by price
• tape reading
• news volatility
• key liquidity levels
Yes I lost $1.2M. Don’t mistake that for lack of knowledge.
You can learn all of this, anyone can, but the hardest battle is against emotion, greed, and ego. That’s where I lost. And where 99% of retail traders will.
I want you to trade better than me, not like me.
Gamma and vanna were pointing toward 6825, while the 6800 strike held a massive positive delta exposure (over 1 trillion USD), acting as a key level and strong support of price. Together, this created a high-quality setup for an intraday bullish scenario once volume comes in.