Trade To Close

Trade Mechanically. Trade With The Best.

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Trade To Close

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The First 15 Minutes Are the Wild Wild West

Okay so, the first 15 minutes: I call it the Wild Wild West, and I'm not being cute. The market's trying to figure out what it's doing. Overnight orders are hitting, the news from the morning is getting priced, and price is going up, down, sideways, blah blah blah, before it picks a path. A move that looks real at 9:33 reverses at 9:41, and that's not sometimes, that's all the time. That alone should slow you down. But that's not the check. The check is what the option costs you. In the first five minutes of the day, options are spendy. Nobody tells new traders this. The same call you'd pay one price for at 10:15 costs you a lot more at 9:31, because the whole market is uncertain and that uncertainty gets priced into every contract. So you're paying top dollar to take the highest-risk trade of the

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Why I Won’t Swing This Thing Right Now

People keep asking me why I prefer to day trade the QQQs in the morning. Fair question, because it's a great instrument. It moves, it's liquid, the options are cheap. And you just need a tiny move in the index to get a triple-digit return on your options. It’s how I’ve nailed 44 out of my last 50 trades in it. So why wouldn't I hold it for a few days and let it run if my entries are so on point? Because I've been staring at this chart all week and there's one feature on it that decides whether the next move is up or down, and right now that feature is telling me to sit on my hands for anything longer than a session. It has nothing to do with the trend or a moving average or volume. It's the shape of the pause. Below I'll show you

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My Friday’s Already Over

The awesome thing about trading is that you are your own boss. Which means you clock in and out whenever you feel like. And if you know me, I like to keep my Friday’s short. So instead of feeding you a chart or setup today… (Honestly, the market's been boring this week anyway…) I'm gonna give you different advice: GO OUT AND HAVE SOME FUN THIS WEEKEND. Heck, I’ve already started… (I’m already checked out) Living proof that you don't need to grind 24/7 to win at this game. Speaking of which… If you're looking for a solid Friday drink… Let me introduce you to the greyhound. Vodka. Grapefruit juice. Ice. Simple. Refreshing. And it tastes like freedom. Here's the thing… The best traders know when to STOP. So go outside if you can. Touch grass. Smell the flowers.   (I just picked those up today).   And if you

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