Two Readings Landed On 7742

Hey trader, You had a good short on the ES today. Price bounced once and you were out of it. That happens when you never had a target you actually believed in. Your chart hands you six opinions and none of them agree. Guessing at the exit costs you more than being wrong on the entry. At midday I checked my ES target three different ways. Two of those readings landed on the exact same number. The third told me the bounce was not worth taking. I’ll show you how I built that number and how to run the check before your next trade. Yesterday’s Chart Set The First Target Mondays are Monkey Bar Mondays in my room. I take the projected forward levels and carry them into the next session. Think of it like a sports bet. You look at what a player averaged over previous games, then you

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The Prank Playing Out on the Global Stage

Hey Trader, The U.S. has now been in conflict with Iran for over five months. Every time a “deal” gets announced, oil prices fall. Every time a ceasefire or pause breaks down, oil prices climb. You might be confused and wondering a few things, like I am. Why does anyone believe a deal is viable when it looks like nothing more than rhetoric, or worse, manipulation of the financial markets? Why would Iran even consider going back to the table when every time they have tried, they get bombed again? Why does the U.S. keep trying when Iran won’t make the concessions it demands? There are a lot of questions right now that don’t have answers. Some of them may never get one. Since I love analogies, let me float one your way. This “deal,” the Memorandum of Understanding (MOU), and the negotiations around it remind me of a prank

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How to Make Adjustments to 0DTE Mid-Trade

Hey trader, 0DTE options can be a lot of fun to trade…and profitable…but only if you know HOW to use them correctly. It’s fine to treat them as lottery tickets. However, you need to be prepared to make adjustments to limit risk based on market conditions. Let me give you an example. Tuesday morning yielded a breakout trade setup. I bought two 0DTE XSP calls Tuesday for 33 cents each once I got a buy signal… …and then nothing. The tape just chopped. That’s NOT what I wanted. Every minute that ticks by eats away at the value of my options. I had two choices: Sit there and hold it, hoping like a doofus something would happen Adjust to the market conditions I went with option #2. By selling that higher strike, I cut my cost to $3 per contract, while still giving myself a chance to profit on a

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Trade Like a Prize Fighter

Hey Trader, I’ve shared in past writeups that when I was in a younger body, I practiced martial arts with full contact sparring on a weekly basis. I learned a lot about reading an opponent’s subtle moves, the mechanics of my own body, and how to handle pain in the middle of a bout. I never fought in a tournament or a paid match, but I think there’s a lot to learn from that training mindset, especially in this volatile summer. Let me start with the fighter to set the stage. If a prize fighter has a bout and loses, what do they do? Do they quit because they lost? Do they say, “I got knocked out, no more fighting for me”? Do they count their bruises and tell all their friends how much fighting sucks? Do they blame their loss on the referee, their trainer, the media, their friends?

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How Passing on a Gold Trade Paid $205.

Hey trader, 10% Club had a FANTASTIC morning all thanks to gold. The yellow metal shot higher this morning. A beautiful setup formed…but it wasn’t quite right. So, I waited. Minutes later, a second setup appeared. We took that one, and it paid out handsomely. The difference between the two setups came down to risk vs reward. No, the market doesn’t care about my entries or exits. However, I choose when and where to take my stand. And today’s setups are the perfect examples that illustrate this point. Let’s walk through them so you can see how my trade selection process works. Because in my years of trading, nothing is more important than risk management. So, let’s dive in. The yellow metal came out swinging Gold moved hard overnight. A lot of that came from tariff headlines, including talk of 250% tariffs on Canada. By the time the bell rang,

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The NQ Trade That Reversed On Me And Still Paid $150

Hey trader, A trade can move your way, reverse, then stop you out for a loss. That one stings worse than a clean miss. You read the direction right. Your account still shows red. The fix lives in your stop. Move it at the right moment, to the right level. Without that step, a winner rolls right back to breakeven. That one habit decided a green morning on the NQ today. This issue hands you the exact beacon rules behind it. You will learn where to enter, when to slide your stop to the beacon, and how the first trade booked $150 after it reversed. A second trade is still running risk-free toward a target worth over $485. Here is how it played out on the tape. The setup nobody expected on a Friday Friday mornings tend to drift. The room has a name for the dead ones, Freaky Friday.

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The Gold Breakout That Failed and Cost Me Nothing

Hey trader, A breakout that fails is where good accounts quietly bleed out. The entry looks clean. The target sits right there. Then price stalls, rolls over, and a loose stop hands back money you never had to lose. This morning was built for that mistake. The clean winners got away early, and the pull to force something into a stalling gold breakout was strong. I did not force it. Gold handed me a textbook failed breakout, and because my stop was trailed tight to structure, the reversal cost me nothing. Let me walk you through where the stop went and why a break even counted as a win today. The Breakout That Would Not Hold Gold broke out of its consolidation. I went long at 3999. The signal fired at 4001. By the time it posted, price had ticked back to 3999, so the fill came in at 3999

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What Happens When Your Stop Loss Fails to Exit a Trade?

Hey trader, Stop losses are supposed to help you manage risk…right? But what happens when price blows straight through the level you picked…yet, somehow you are still in the trade, watching the loss grow by the second? A member ran into exactly that this morning. His stop was sitting right where it should have been. It just never got him out, and a small loss started turning into one that actually hurts. It turns out he made a common mistake I’ve seen countless times: mixing up the “type” of order. You see, he assumed a “stop” was simply that. But it’s not. A stop is a wait condition, not an actual order. It’s the action it triggers that matters. Once that clicks for you, you can build a stop that actually does its job when price reaches your line. Let me walk you through what your stop is really doing,

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My Favorite Way to Set Trade Stops and Targets

Hey trader, Think back to the last trade that went green and then slid all the way back to your entry before you closed it. It makes you start to question yourself… …was my profit target too far…did I forget to take a profit? Chances are the stop was tied to the one number that does not matter to anyone but you: the entry price. That habit quietly turns a good winner into a scratch or even a loss. Fortunately, there is a better way to manage risk I’m going to show you today. You see, the market never really sees your entry. It’s buried underneath It only cares about order flow and what’s on the charts. That’s how you should set your stop and profit targets. Now, I’m not saying you should ignore the balance of risk and reward. But that defines whether you take the trade, not HOW

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