̶L̶a̶w̶ ̶ Options & Order

@ohiain Been following along and I’m really impressed by your style of trading. Thanks for sharing it all! Would be interested on your entry tactic for these U&Rs. I’m assuming off a 15/30 min intraday?

If you don’t have a form of the "Undercut & Rally" setup in your playbook, you’re missing one of the most powerful and most psychological patterns in trading. In simple terms, a U&R is a failed breakdown. Different name, same concept. Here’s why it works so well, especially in this environment: Failed breakdowns tell you more about the truth of supply and demand than almost anything else on a chart. A failed breakdown is literally price dipping below a key level, "sweeping stops", shaking out every weak hand in sight… and then flipping back above that same level with strength. It’s one of the purest displays of human behavior: 1) fear on the flush 2) exhaustion at the bottom 3) regret on the reclaim 4) momentum on the reversal. When you understand this, you stop panicking during the dip and start watching for the reclaim, because the reclaim is the real signal, not the flush. I used to only see the breakdown and assume the trend was dead. But the best moves often come after these emotional flushes, when selling dries up, institutions step in, shorts get trapped, and buyers regain control. That’s why failed breakdowns often move faster and stronger than clean breakouts, because they’re fueled by human emotion unwinding in real time. Look at $OPEN this week. Last Friday, it gapped down, undercut prior lows, filled the gap, and then quietly reclaimed the level. That reclaim was the entire trade. From Monday to Wednesday, the stock went up +40% all because of a failed breakdown. Earlier this year, $OPEN did the same thing: undercut the base, reclaimed, then exploded 448% in a month. Same pattern. Same psychology. Same outcome. For my system, patterns like these have become foundational to my system because the risk is tight, the invalidation is clear, and the behavior is "predictable". Nobody knows what comes next, but if you learn how to read the fear, exhaustion, reclaim sequence, you’ll start seeing some of the cleanest asymmetric setups the market offers. The failed breakdown or the "Undercut & Rally" is a psychological unwind playing out on the chart. I've learned to recognize it, and I've stopped reacting to the flush and started anticipating the move that comes after.

@_bob_hope Glad it's not only me. Can't even sign in right now...

#TC2000 sucks so fucking hard I literally would be using ThinkorSwim permanently if ToS had "spacebar goes to next chart" and "backspace takes you to last chart". The literal only 2 reasons why I use this program. Scans are better in TC. Other than that, TC2K is TRASH.

@StockDaddy3 @1charts6 Can't wait! :)

@OptionsOrder @1charts6 @noodle_hat Then it shall be so :)

If I bothered my ass doing a free newsletter would you subscribe? What would you like it to contain? Interested in business talk or purely just about the markets trading thoughts/ramblings? Open to all advice and ideas. Ps. I also may not bother my ass.

Three traders that will be in next Market Wizards book currently being written (along with coauthor George Coyle @gfc4 ) are @Qullamaggie , @TheOneLanceB , @TheShortBear

@1charts6 @StockDaddy3 @noodle_hat "Beyond the Screens" is a great newsletter title.

@StockDaddy3 @noodle_hat Definitely more interested in beyond the screens

@StockDaddy3 Oof, that was a hard gap down. Onto the next! 🙌🏽

Sitting 100% cash once more. Closed $WW yesterdays close. $ASRT - looks like I paid my business fees/rent/utilities for a few months. Gotta pay your business costs at some stage in the year. StockDaddy walk time.

@StockDaddy3 Still staying the course. This is the way.

How are we all doing this year? Are you executing your plan? Have you deviated? Have you stayed the course? I’ve been relatively silent here. I intend to be more active. Still placing trades. I’ll begin posting more charts like “the old days” Business took priority.

90 percent of success is not getting distracted.

@flips4miles AMZ

The most practical skill in life is learning to do things when you don’t feel like doing them. Anyone can do it when it’s easy, but most people drop out the minute it gets hard.

You don't need more time, you need more focus.

"One secret that most professionals know is that you can rack up a fortune in the market by being right less than 50 percent of the time, as long as you let your profits run and cut your losses quickly." Stan Weinstein

Darvas from ‘Wall Street The Other Las Vegas’

@rahuldmehta7 @ShaanVP Just checking in on these goals! Waiting for the next newsletter 👀

2022 Goals: 1. Reach cumulative profitability 2. Sell $20,000 of my Trading Journal 3. Grow to 10,000 followers 4. Write a swing trading newsletter to 1,000 subscribers 5. Change to a remote-first job I'm a private person so I’m excited to publicize this year! (h/t @ShaanVP)

consistency unlocks potential.

"You shouldn't be looking with a microscope for trades. Take a step back, relax. A good trade should be obvious - they should be screaming in your face. Obviously, it takes a lot of experience to get that point to know which is which." - @Qullamaggie #QullamaggieWisdomTalks

There are truths about swing / position trading that some simply don’t want to hear. Your wins will come in lumps. There will be stretches (weeks/months) where you tread water. It’s not about being aggressive every day; it’s about being aggressive at the right time.

@RichardMoglen Maybe @Qullamaggie would be up for an interview!

I need your help🙏 What are some video series ideas that you would like me to make? How to Use X Indicator, Tutorials...., Trader Profiles Give me any ideas you have 👇

@rahuldmehta7 Good call on $DOCS. It had great relative strength, but I was hoping for the 20-day to catch up and for it to have a tighter day prior to a break of the range.

$EXPR - closed early. Did not gap up as expected, nor did it show strength at the open. Exited at 4.31 and original stop loss was 4.28. Not a noticeable difference, but it wasn't acting right so just didn't bother continuing to hold this. Not a time to be lax w losers. ✂️✂️✂️

Current Positions: $DOCS $EXPR Entered both at end of day. Closed very strong. Showing RS by consolidating along MA's despite choppy market. Looking for a gap-up & continuation tomorrow. Otherwise will cut early. Charts & notes below.