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Before the update for game plan + levels, I wanted to talk about something I’m very excited about. It’s on the below topic:

It can challenging to profit on options or maintain consistency.

Even when the underlying stock moves your way you can lose money if you don’t understand the driving forces behind contract prices. This can take you out of the game fast.

I’ve realized that many students are newer to this world and can benefit from understanding the fundamental & emotional lessons that can make consistency achievable.

I’ve even thrown in some bonus items including a free month of the premium levels.

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In yesterday’s letter, I wrote:

We ended up taking the lesser bullish route. We did end up failing 4747 and retracing a chunk of yesterday’s move overnight. The beautiful thing, is that we had a failed breakdown of 4732, defending and blasting higher. The must-hold level did its job and we got long off it.

See how well the levels work?

Now that we’ve defended and ‘almost’ closed green, where do we go from here? What key levels show that we are still on the path to new all time highs?

More in the trade plan below.

The 0DTE $SPX 4760 calls ran from a low of $95 to $910 = 858% gain.

I traded these from $160 to $620 for 288% at best sale called out in the chat. I did have a quick opportunity to sell some runners at $900 but did not! I was holding super loose and wanted at least $10 - more in the trade recap below.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

Levels from the prior letter were awesome. Once we had the failed breakdown of the key must-hold level it was off to the races. These are some of my best setups when we clearly defend and run off the identified “must-hold” level. Always trust the levels!

Now we are sitting in AH right on the 4752 key support level. What does this all mean and where do we go from here? Read below for my trade plan which includes actionable support & resistance levels, outlook for the next session and today’s trade recap.

Learn the system to make 1-3 low risk, high reward trades per day using SPY/SPX options.

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Trading Plan

Here is a current check of the daily:

This includes all the way back to 6/29 & all overnight action.

Only the slightest higher high and higher low on the daily. We surely defended how low we retraced overnight but still could not close green.

Quick volume check:

Lower volume today, this has me a bit concerned as the strong rally back from the overnight lows should have had some nice buy volume if participants were excited about longing even lower than yesterday.

Tomorrow the big event is the 10 year bond auction in the afternoon followed by a Fed member speech.

As readers know trading after a massive move in either direction is risky.

Trying to predict when trend will break is a fool’s game because the trend can be stronger than you ever realize.

Going with the trend is hard because it has already run so far (or dropped) and move may be close to over.

All you can do is pick your entries carefully and with proper position sizing. Trading out 1-3 DTE or further also helps soften the blow.

Yes it will decrease the amount of profit but will greatly help keep you in a trade long enough to see return.

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