Daily Plan 6.9.23
June Contracts
Good morning traders!
Stunning session yesterday with another day of stocks making large move through levels. Then there is Tesla which is up 28 handles from long level! Contracts went 3.62 > 10.6 in yesterdays session and they will be up to 24 based on current premarket price of 250. While not called out, SPX was another great setup but inside telegram I was focused more on NQ which paid off very well with over 100 handles taken in yesterdays session alone! See below:
NQ Short for +35 handles
NQ Long for +69 handles
Plenty more setups yesterday to work with, below is the contract price changes once stocks broke through levels provided in Daily Plan section. By now it should be clear that these orderflow levels once broken can bring large moves. Everyone should be marking these levels on their charts and looking at profiles to see what I am looking at. At 9 stocks a day you will have mapped out 45 stocks by end of week. Look at this as repetitions and the more you do this the better you will be. I refer to Volume Profile as a work of art as the value changes every single session and it is your job to identify this. Just like maze runner each day you will be given a new profile and the only way to learn them is to study them, trade them. The best studying tool is your trading platform that shows volume profile. I do not at all care who you are or what your schedule is, if you want to succeed you will need to set time aside just for this.
From the readers perspective here is how I would go about Daily Plan levels.
FIRST!
Read all educational content on volume profile so you aren’t just starring at your screen wondering what is going on. Once finished, read it again. Anything not understood you must use the internet as it is a mans best friend when learning. If I ever have questions I use the internet and research the topic! Much faster than my response and you can continue on your way with studies. Worst thing you can do is get stuck and just stay there doing nothing about it.
Ask questions, find the answers.
Always assume there is something bigger than what your doing and it can be completely wrong later. Do not get attached to anything.
People that say they just don’t have time, I really do not want to hear that. Complete nonsense as everything you do in your life is a product of your past. The decisions you made got you where you are today. Only you have the power to make any changes, so how bad do you want it?
Back when I was strictly studying markets I was offered to take an overnight shift and that was one of the biggest leaps in my education. Studied every chance I had. Audibles and podcasts with laptop with me for breaks. A machine was at work and that is truly what got me here today. The motivation.
Let nothing get in your way.
Strong or weak,
Tall or short,
Smart or stupid,
You can do anything.
To this day I spend over 2 hours studying everyday with weekends being time to shine for this.
Remember at the end of the day your not just competing with me in markets but traders that have dedicated every minute to trading. It’s in their best interest to take your money.
Luckily Volume Profile shows where those large investors are positioned and instead of fueling their portfolios we are soaking the moves they create.
Orderflow is the only thing that shows this, nothing else.
For the ones that have read this part I will be offering a one day sale for 20% off as I have raised prices to $90/month. This will be active for 24 hours with no acceptions after time is up. After this I will be back to one 20% sale every new year. Note I sent out a new telegram link yesterday so this will give access to the link inside that post. Hope to see you for todays session!
Previous Day Recap
Took charts off to conserve space in the Newsletter but if you would like them to stay just request. Tedious but I will gladly post them if they help!
AAPL
[180 Calls 0.55 > 1.42]
TSLA
[225 Calls 3.62 > 10.6]
NVDA
[380 Calls 3.81 > 9.53]
MSFT
[325 Calls 1.92 > 2.76]
AMZN
[118 Calls 2.32 > 4.4]
AMD
[123 Puts 1.96 > 6.05]
GOOGL
[122 Puts 0.6 > 0.95]
META
[265 Calls 2.2 > 3.0]