Trading the End of the Month: Why the Last Day Matters

0:04 [Music]

0:10 [Music]

0:25 [Music]

0:40 [Music]

0:40 [Music] trading Futures and options on Futures

0:42 trading Futures and options on Futures

0:42 trading Futures and options on Futures involve substantial risk of loss and is

0:43 involve substantial risk of loss and is

0:43 involve substantial risk of loss and is not suitable for all Traders and

0:45 not suitable for all Traders and

0:45 not suitable for all Traders and investors oftentimes in Futures Trading

0:47 investors oftentimes in Futures Trading

0:47 investors oftentimes in Futures Trading you have a high combination of Leverage

0:48 you have a high combination of Leverage

0:48 you have a high combination of Leverage and volatility and although this could

0:50 and volatility and although this could

0:50 and volatility and although this could be an equation for opportunity it's also

0:52 be an equation for opportunity it's also

0:52 be an equation for opportunity it's also an equation for risk so be careful only

0:54 an equation for risk so be careful only

0:54 an equation for risk so be careful only fund your Futures Trading account with

0:55 fund your Futures Trading account with

0:56 fund your Futures Trading account with risk Capital my personal definition of

0:58 risk Capital my personal definition of

0:58 risk Capital my personal definition of risk capital is money I could afford to

0:59 risk capital is money I could afford to

0:59 risk capital is money I could afford to lose doesn't change my lifestyle or

1:01 lose doesn't change my lifestyle or

1:01 lose doesn't change my lifestyle or overly stress me out as human beings we

1:03 overly stress me out as human beings we

1:04 overly stress me out as human beings we make bad decisions when we're under

1:05 make bad decisions when we're under

1:05 make bad decisions when we're under stress so be in a good spot remember

1:07 stress so be in a good spot remember

1:07 stress so be in a good spot remember micro contracts could be friends take it

1:09 micro contracts could be friends take it

1:09 micro contracts could be friends take it easy on the day trade margins you get

1:11 easy on the day trade margins you get

1:11 easy on the day trade margins you get plenty of Leverage without maxing out on

1:12 plenty of Leverage without maxing out on

1:12 plenty of Leverage without maxing out on those day trade margins on a regular

1:14 those day trade margins on a regular

1:14 those day trade margins on a regular basis we'll be taking a look at a

1:16 basis we'll be taking a look at a

1:16 basis we'll be taking a look at a real-time simulated live ninja Trader

1:18 real-time simulated live ninja Trader

1:18 real-time simulated live ninja Trader trading platform today and none of this

1:19 trading platform today and none of this

1:19 trading platform today and none of this should be construed as trade or

1:21 should be construed as trade or

1:21 should be construed as trade or investment advice past performance not

1:23 investment advice past performance not

1:23 investment advice past performance not indicative of future

1:27 results well good morning and good

1:29 results well good morning and good

1:30 results well good morning and good afternoon and welcome to develop your

1:31 afternoon and welcome to develop your

1:31 afternoon and welcome to develop your edge with Anthony Celli I'll be your

1:33 edge with Anthony Celli I'll be your

1:33 edge with Anthony Celli I'll be your co-host Tom Schneider CMT with Ninja

1:36 co-host Tom Schneider CMT with Ninja

1:36 co-host Tom Schneider CMT with Ninja Trader and today we have a great topic

1:38 Trader and today we have a great topic

1:38 Trader and today we have a great topic it's really easy to remember uh it's

1:41 it's really easy to remember uh it's

1:41 it's really easy to remember uh it's it's it's really gives the the the

1:44 it's it's really gives the the the

1:44 it's it's really gives the the the definition of topic it is topical today

1:46 definition of topic it is topical today

1:46 definition of topic it is topical today being leap day it's an extra day of the

1:49 being leap day it's an extra day of the

1:49 being leap day it's an extra day of the year of the month it's the last day of

1:51 year of the month it's the last day of

1:51 year of the month it's the last day of the month and we are going to talk all

1:54 the month and we are going to talk all

1:54 the month and we are going to talk all about it I want to welcome to the show

1:57 about it I want to welcome to the show

1:57 about it I want to welcome to the show as usual Anthony cellia how you doing

1:59 as usual Anthony cellia how you doing

1:59 as usual Anthony cellia how you doing Anthony

2:00 Anthony

2:00 Anthony I'm doing great Tom great to be here uh

2:04 I'm doing great Tom great to be here uh

2:04 I'm doing great Tom great to be here uh going to start off on a little bit of a

2:06 going to start off on a little bit of a

2:06 going to start off on a little bit of a Sentimental kind of moment here for me

2:08 Sentimental kind of moment here for me

2:08 Sentimental kind of moment here for me if you guys follow me on X people

2:11 if you guys follow me on X people

2:11 if you guys follow me on X people probably saw yesterday I posted it was

2:13 probably saw yesterday I posted it was

2:13 probably saw yesterday I posted it was 10 years ago yesterday that I had my

2:14 10 years ago yesterday that I had my

2:14 10 years ago yesterday that I had my heart attack at my trading screens so

2:17 heart attack at my trading screens so

2:17 heart attack at my trading screens so took the day off went golfing I got tons

2:20 took the day off went golfing I got tons

2:20 took the day off went golfing I got tons of messages from family friends people

2:22 of messages from family friends people

2:22 of messages from family friends people on social media so I want to thank

2:24 on social media so I want to thank

2:24 on social media so I want to thank everybody for that and uh that's why

2:26 everybody for that and uh that's why

2:26 everybody for that and uh that's why leap year is always kind of a special

2:29 leap year is always kind of a special

2:29 leap year is always kind of a special thing for me because when you look back

2:32 thing for me because when you look back

2:32 thing for me because when you look back when I look back at my life I almost

2:34 when I look back at my life I almost

2:34 when I look back at my life I almost didn't have a leap year you know it was

2:35 didn't have a leap year you know it was

2:36 didn't have a leap year you know it was February 28th that was the morning I

2:37 February 28th that was the morning I

2:37 February 28th that was the morning I woke up having chest pains went to my

2:40 woke up having chest pains went to my

2:40 woke up having chest pains went to my desk sat there and was like man I can't

2:42 desk sat there and was like man I can't

2:42 desk sat there and was like man I can't believe I'm having pain in my bicep into

2:44 believe I'm having pain in my bicep into

2:44 believe I'm having pain in my bicep into my forearm into my wrist 36 years

2:47 my forearm into my wrist 36 years

2:47 my forearm into my wrist 36 years old uh went to the went to the hospital

2:51 old uh went to the went to the hospital

2:51 old uh went to the went to the hospital and they told me that I was having a

2:52 and they told me that I was having a

2:52 and they told me that I was having a heart attack and the question I get all

2:54 heart attack and the question I get all

2:54 heart attack and the question I get all the time is like did I have blockages

2:55 the time is like did I have blockages

2:55 the time is like did I have blockages did I have this and I didn't I didn't

2:58 did I have this and I didn't I didn't

2:58 did I have this and I didn't I didn't have anything I didn't have any uh

3:01 have anything I didn't have any uh

3:01 have anything I didn't have any uh blockages they didn't put any stance in

3:03 blockages they didn't put any stance in

3:03 blockages they didn't put any stance in it wasn't anything like that it was

3:06 it wasn't anything like that it was

3:06 it wasn't anything like that it was really a stressinduced heart attack from

3:08 really a stressinduced heart attack from

3:08 really a stressinduced heart attack from probably years of internalizing pain and

3:11 probably years of internalizing pain and

3:11 probably years of internalizing pain and and things with trading and I just I

3:13 and things with trading and I just I

3:13 and things with trading and I just I just want to say to everybody when you

3:15 just want to say to everybody when you

3:15 just want to say to everybody when you approach these markets so much of what

3:18 approach these markets so much of what

3:18 approach these markets so much of what we're doing the pressure that we have is

3:20 we're doing the pressure that we have is

3:20 we're doing the pressure that we have is the pressure we put on

3:22 the pressure we put on

3:22 the pressure we put on ourselves and we don't realize how much

3:25 ourselves and we don't realize how much

3:25 ourselves and we don't realize how much we're internalizing this stress and it's

3:28 we're internalizing this stress and it's

3:28 we're internalizing this stress and it's why I've talked so much about about

3:30 why I've talked so much about about

3:30 why I've talked so much about about taking actual time away it's why I've

3:33 taking actual time away it's why I've

3:33 taking actual time away it's why I've slowed so many things down in my life

3:36 slowed so many things down in my life

3:36 slowed so many things down in my life and to be able to do this for a career

3:39 and to be able to do this for a career

3:39 and to be able to do this for a career for a long period of time so much of us

3:43 for a long period of time so much of us

3:43 for a long period of time so much of us put the pressure on the moment right

3:45 put the pressure on the moment right

3:45 put the pressure on the moment right then and there versus thinking out the

3:47 then and there versus thinking out the

3:47 then and there versus thinking out the longer term and having a big picture

3:49 longer term and having a big picture

3:49 longer term and having a big picture plan of success in this business and

3:52 plan of success in this business and

3:52 plan of success in this business and it's just the message is just slow

3:53 it's just the message is just slow

3:53 it's just the message is just slow things down you

3:55 things down you

3:55 things down you know follow your plan don't put too much

3:58 know follow your plan don't put too much

3:58 know follow your plan don't put too much pressure on yourself and you know and

4:01 pressure on yourself and you know and

4:01 pressure on yourself and you know and enjoy your life you know prioritize

4:03 enjoy your life you know prioritize

4:03 enjoy your life you know prioritize yourself that's the message I put out

4:04 yourself that's the message I put out

4:04 yourself that's the message I put out yesterday so I just wanted to start

4:05 yesterday so I just wanted to start

4:05 yesterday so I just wanted to start there well you know we're all we're all

4:08 there well you know we're all we're all

4:08 there well you know we're all we're all happy you're here of course and and you

4:10 happy you're here of course and and you

4:10 happy you're here of course and and you listen to those warning signs that that

4:12 listen to those warning signs that that

4:12 listen to those warning signs that that morning and um how great it is that you

4:15 morning and um how great it is that you

4:15 morning and um how great it is that you have a day every year you can reflect

4:17 have a day every year you can reflect

4:17 have a day every year you can reflect and and think about what what you've

4:20 and and think about what what you've

4:20 and and think about what what you've you've been given right with that with

4:22 you've been given right with that with

4:22 you've been given right with that with that uh

4:23 that uh

4:23 that uh recovery yeah I mean it's it's crazy for

4:26 recovery yeah I mean it's it's crazy for

4:26 recovery yeah I mean it's it's crazy for me to even think it was 10 years ago

4:27 me to even think it was 10 years ago

4:27 me to even think it was 10 years ago because you know how some things are

4:28 because you know how some things are

4:28 because you know how some things are ingraining your memory like you feel

4:30 ingraining your memory like you feel

4:30 ingraining your memory like you feel like it was yesterday to me it feels

4:32 like it was yesterday to me it feels

4:32 like it was yesterday to me it feels like it was yesterday and it's every

4:34 like it was yesterday and it's every

4:34 like it was yesterday and it's every year it's that reminder

4:36 year it's that reminder

4:36 year it's that reminder of work hard but make sure you have

4:39 of work hard but make sure you have

4:39 of work hard but make sure you have balance you know people will say Work

4:41 balance you know people will say Work

4:41 balance you know people will say Work Hard Play Hard in this business I'm a

4:43 Hard Play Hard in this business I'm a

4:43 Hard Play Hard in this business I'm a big believer of work hard play easy

4:46 big believer of work hard play easy

4:46 big believer of work hard play easy prioritize yourself uh the goal is to be

4:48 prioritize yourself uh the goal is to be

4:48 prioritize yourself uh the goal is to be in business for a long period of time

4:50 in business for a long period of time

4:50 in business for a long period of time it's actually an interesting year for me

4:51 it's actually an interesting year for me

4:51 it's actually an interesting year for me because it's 10 years since I had my

4:53 because it's 10 years since I had my

4:53 because it's 10 years since I had my heart attack uh it'll be 10 years since

4:55 heart attack uh it'll be 10 years since

4:55 heart attack uh it'll be 10 years since I started my Futures Radio Show podcast

4:57 I started my Futures Radio Show podcast

4:58 I started my Futures Radio Show podcast um which I started the year I had my

4:59 um which I started the year I had my

4:59 um which I started the year I had my heart attack the beginnings of it which

5:01 heart attack the beginnings of it which

5:01 heart attack the beginnings of it which was kind of you know something I did to

5:05 was kind of you know something I did to

5:05 was kind of you know something I did to uh because of the heart attack and then

5:07 uh because of the heart attack and then

5:07 uh because of the heart attack and then ultimately I'm in my 25th year since I

5:09 ultimately I'm in my 25th year since I

5:09 ultimately I'm in my 25th year since I got my membership at CME Group which is

5:11 got my membership at CME Group which is

5:11 got my membership at CME Group which is actually next week so it's kind of uh

5:13 actually next week so it's kind of uh

5:13 actually next week so it's kind of uh you know all these years you look back

5:15 you know all these years you look back

5:15 you know all these years you look back you're like wow man it's been 25 years

5:17 you're like wow man it's been 25 years

5:17 you're like wow man it's been 25 years since the day I got my uh got my badge I

5:19 since the day I got my uh got my badge I

5:19 since the day I got my uh got my badge I remember going in it was actually right

5:21 remember going in it was actually right

5:21 remember going in it was actually right around this week so many things at the

5:23 around this week so many things at the

5:23 around this week so many things at the end of February and beginning of March

5:24 end of February and beginning of March

5:24 end of February and beginning of March or my career uh I remember getting that

5:27 or my career uh I remember getting that

5:27 or my career uh I remember getting that badge and we'll probably talk about that

5:28 badge and we'll probably talk about that

5:28 badge and we'll probably talk about that next week's show that's my 25 year

5:30 next week's show that's my 25 year

5:30 next week's show that's my 25 year anniversary of becoming an independent

5:32 anniversary of becoming an independent

5:32 anniversary of becoming an independent trador that sounds great that sounds

5:34 trador that sounds great that sounds

5:34 trador that sounds great that sounds great well you know speaking of

5:36 great well you know speaking of

5:36 great well you know speaking of anniversary speaking of dates you know

5:38 anniversary speaking of dates you know

5:38 anniversary speaking of dates you know you had a great topic this week I I love

5:40 you had a great topic this week I I love

5:40 you had a great topic this week I I love it trading the last day of the the month

5:42 it trading the last day of the the month

5:43 it trading the last day of the the month and you know where does that show itself

5:45 and you know where does that show itself

5:45 and you know where does that show itself does it show itself in every Market or

5:47 does it show itself in every Market or

5:47 does it show itself in every Market or is it specific to Mo mostly stock index

5:51 is it specific to Mo mostly stock index

5:51 is it specific to Mo mostly stock index Futures why the end of the month why

5:53 Futures why the end of the month why

5:53 Futures why the end of the month why does it matter and it's primarily index

5:55 does it matter and it's primarily index

5:55 does it matter and it's primarily index Futures to answer your question I don't

5:57 Futures to answer your question I don't

5:57 Futures to answer your question I don't trade the other markets on the end of

5:58 trade the other markets on the end of

5:58 trade the other markets on the end of the month I don't look at them in the

6:00 the month I don't look at them in the

6:00 the month I don't look at them in the same manner as I do with Equity indexes

6:03 same manner as I do with Equity indexes

6:03 same manner as I do with Equity indexes going back to the trading floor I

6:05 going back to the trading floor I

6:05 going back to the trading floor I remember a handful of times where

6:07 remember a handful of times where

6:07 remember a handful of times where everybody would always be in the pit it

6:10 everybody would always be in the pit it

6:10 everybody would always be in the pit it would be an fomc it would be the market

6:13 would be an fomc it would be the market

6:13 would be an fomc it would be the market open the market closes um it would be

6:16 open the market closes um it would be

6:16 open the market closes um it would be end of the month's first day of the

6:18 end of the month's first day of the

6:18 end of the month's first day of the months and why are people in for those

6:21 months and why are people in for those

6:21 months and why are people in for those specific times and some of them aren't

6:23 specific times and some of them aren't

6:23 specific times and some of them aren't you know they're like I I only mentioned

6:25 you know they're like I I only mentioned

6:25 you know they're like I I only mentioned fomc in terms of a time where everybody

6:27 fomc in terms of a time where everybody

6:27 fomc in terms of a time where everybody be there the rest of the times is just

6:29 be there the rest of the times is just

6:29 be there the rest of the times is just time

6:29 time

6:29 time right mornings afternoons end of the

6:33 right mornings afternoons end of the

6:33 right mornings afternoons end of the months beginning of the

6:34 months beginning of the

6:34 months beginning of the months when you look at it from the

6:37 months when you look at it from the

6:37 months when you look at it from the perspective of a

6:38 perspective of a

6:38 perspective of a Trader the Traders are always looking to

6:41 Trader the Traders are always looking to

6:41 Trader the Traders are always looking to see where flow is we talk a lot about

6:43 see where flow is we talk a lot about

6:43 see where flow is we talk a lot about order flow

6:45 order flow

6:45 order flow here end of the months are a time when

6:50 here end of the months are a time when

6:50 here end of the months are a time when big Traders big players in the space

6:53 big Traders big players in the space

6:53 big Traders big players in the space have to do something and when I say have

6:55 have to do something and when I say have

6:55 have to do something and when I say have to do something it's a time when you get

6:58 to do something it's a time when you get

6:58 to do something it's a time when you get to that last few minutes of the close

7:01 to that last few minutes of the close

7:01 to that last few minutes of the close and the people that maybe bought or sold

7:03 and the people that maybe bought or sold

7:03 and the people that maybe bought or sold at the beginning of the month are either

7:04 at the beginning of the month are either

7:04 at the beginning of the month are either buying or selling at the last day of the

7:06 buying or selling at the last day of the

7:06 buying or selling at the last day of the month a lot of shuffling in terms of you

7:09 month a lot of shuffling in terms of you

7:09 month a lot of shuffling in terms of you know end of the month end of the day

7:11 know end of the month end of the day

7:11 know end of the month end of the day orders are all coming through at once so

7:13 orders are all coming through at once so

7:13 orders are all coming through at once so those are orders that are hitting the

7:15 those are orders that are hitting the

7:15 those are orders that are hitting the tape

7:17 tape

7:17 tape that have to be done okay and so anytime

7:22 that have to be done okay and so anytime

7:22 that have to be done okay and so anytime a Trader in the space has to do

7:25 a Trader in the space has to do

7:25 a Trader in the space has to do something they become more exposed right

7:28 something they become more exposed right

7:28 something they become more exposed right throughout the middle of the day and

7:29 throughout the middle of the day and

7:30 throughout the middle of the day and throughout the middle of the month think

7:31 throughout the middle of the month think

7:32 throughout the middle of the month think about it from this perspective a lot of

7:33 about it from this perspective a lot of

7:33 about it from this perspective a lot of times people are doing stuff if they

7:35 times people are doing stuff if they

7:35 times people are doing stuff if they have to buy for example a thousand e

7:38 have to buy for example a thousand e

7:38 have to buy for example a thousand e minis or 10,000 e minis they're not

7:40 minis or 10,000 e minis they're not

7:40 minis or 10,000 e minis they're not going to the market all at once they'll

7:42 going to the market all at once they'll

7:42 going to the market all at once they'll slowly be buying or selling because they

7:44 slowly be buying or selling because they

7:44 slowly be buying or selling because they don't want to either spook the market or

7:46 don't want to either spook the market or

7:46 don't want to either spook the market or they want they want to be kind of hidden

7:47 they want they want to be kind of hidden

7:47 they want they want to be kind of hidden you know they'll basically buy 50 at a

7:49 you know they'll basically buy 50 at a

7:49 you know they'll basically buy 50 at a time you know or 100 at a time and

7:51 time you know or 100 at a time and

7:51 time you know or 100 at a time and slowly get their way into the market

7:53 slowly get their way into the market

7:53 slowly get their way into the market because anytime a big player in the

7:55 because anytime a big player in the

7:55 because anytime a big player in the space has to do something they try to

7:58 space has to do something they try to

7:58 space has to do something they try to disclose that as best they can can right

7:59 disclose that as best they can can right

8:00 disclose that as best they can can right and they're not going to be in a big

8:01 and they're not going to be in a big

8:01 and they're not going to be in a big hurry to reveal um what they have to do

8:04 hurry to reveal um what they have to do

8:05 hurry to reveal um what they have to do but at the end of the month you have a

8:07 but at the end of the month you have a

8:07 but at the end of the month you have a lot of people all at once that have to

8:10 lot of people all at once that have to

8:10 lot of people all at once that have to do something right I mean you've even

8:12 do something right I mean you've even

8:12 do something right I mean you've even got day traders that at the end of the

8:13 got day traders that at the end of the

8:13 got day traders that at the end of the day have to get out because of marginal

8:16 day have to get out because of marginal

8:16 day have to get out because of marginal requirements overnight so there's just

8:18 requirements overnight so there's just

8:18 requirements overnight so there's just you have this all of these people coming

8:20 you have this all of these people coming

8:20 you have this all of these people coming together all at once that have to do

8:23 together all at once that have to do

8:23 together all at once that have to do something so why does it matter so much

8:26 something so why does it matter so much

8:27 something so why does it matter so much to someone like me and why do I think

8:29 to someone like me and why do I think

8:29 to someone like me and why do I think this is such an important topic I talked

8:31 this is such an important topic I talked

8:31 this is such an important topic I talked about 25 years in the space if I go back

8:33 about 25 years in the space if I go back

8:33 about 25 years in the space if I go back and look at my career the best days I've

8:37 and look at my career the best days I've

8:37 and look at my career the best days I've had if I had to take my top 50 best days

8:40 had if I had to take my top 50 best days

8:40 had if I had to take my top 50 best days 50% of those are probably going to be

8:42 50% of those are probably going to be

8:42 50% of those are probably going to be the last day of the month and it's

8:46 the last day of the month and it's

8:46 the last day of the month and it's because of I when we get to the charts

8:48 because of I when we get to the charts

8:48 because of I when we get to the charts I'll show you some things that I look at

8:50 I'll show you some things that I look at

8:50 I'll show you some things that I look at it's because in those moments I can take

8:52 it's because in those moments I can take

8:52 it's because in those moments I can take on a very minimal amount of price risk

8:56 on a very minimal amount of price risk

8:57 on a very minimal amount of price risk for a really good amount of price

9:02 for a really good amount of price

9:02 for a really good amount of price reward and it's because a lot of times

9:05 reward and it's because a lot of times

9:05 reward and it's because a lot of times even though there's a ton of volume

9:08 even though there's a ton of volume

9:08 even though there's a ton of volume coming in at the end of the day at the

9:10 coming in at the end of the day at the

9:10 coming in at the end of the day at the last few minutes at the end of the month

9:12 last few minutes at the end of the month

9:13 last few minutes at the end of the month a lot of times it's one directional just

9:15 a lot of times it's one directional just

9:15 a lot of times it's one directional just because there could be uh there's always

9:18 because there could be uh there's always

9:18 because there could be uh there's always going to be some sort of weighted volume

9:22 going to be some sort of weighted volume

9:22 going to be some sort of weighted volume that comes in meaning the volume is

9:23 that comes in meaning the volume is

9:23 that comes in meaning the volume is going to be weighted to the buy side or

9:24 going to be weighted to the buy side or

9:24 going to be weighted to the buy side or to the sell side I mean sometimes it's

9:26 to the sell side I mean sometimes it's

9:26 to the sell side I mean sometimes it's pretty balanced like you see at the end

9:27 pretty balanced like you see at the end

9:27 pretty balanced like you see at the end of every day most of you I see these

9:29 of every day most of you I see these

9:29 of every day most of you I see these volume spikes at the end of the day well

9:31 volume spikes at the end of the day well

9:31 volume spikes at the end of the day well that's just a lot of Traders closing out

9:33 that's just a lot of Traders closing out

9:33 that's just a lot of Traders closing out books and you're going to see a lot of

9:34 books and you're going to see a lot of

9:34 books and you're going to see a lot of volume on both sides and a lot of times

9:36 volume on both sides and a lot of times

9:36 volume on both sides and a lot of times it balances out it doesn't really mean

9:39 it balances out it doesn't really mean

9:39 it balances out it doesn't really mean much of anything it's just at the end of

9:41 much of anything it's just at the end of

9:41 much of anything it's just at the end of the day you know a lot of big orders are

9:43 the day you know a lot of big orders are

9:43 the day you know a lot of big orders are coming in I mean a lot of times I'm

9:44 coming in I mean a lot of times I'm

9:44 coming in I mean a lot of times I'm closing out orders or entering orders as

9:47 closing out orders or entering orders as

9:47 closing out orders or entering orders as many of you are too so you have this a

9:49 many of you are too so you have this a

9:49 many of you are too so you have this a lot of people coming in but the end of

9:50 lot of people coming in but the end of

9:50 lot of people coming in but the end of the month it can be swayed a little bit

9:54 the month it can be swayed a little bit

9:54 the month it can be swayed a little bit and so when we go to the charts I'm

9:56 and so when we go to the charts I'm

9:56 and so when we go to the charts I'm going to show you today some things that

9:57 going to show you today some things that

9:57 going to show you today some things that I look at that will maybe give me a

9:59 I look at that will maybe give me a

10:00 I look at that will maybe give me a little bit of an edge into the end of

10:01 little bit of an edge into the end of

10:01 little bit of an edge into the end of the

10:02 the

10:02 the month awesome makes sense makes complete

10:05 month awesome makes sense makes complete

10:05 month awesome makes sense makes complete sense it's a lot of things happening all

10:07 sense it's a lot of things happening all

10:07 sense it's a lot of things happening all at once and I would love to see how you

10:09 at once and I would love to see how you

10:09 at once and I would love to see how you look at it on the

10:11 look at it on the

10:11 look at it on the charts so let's take a look at the

10:13 charts so let's take a look at the

10:13 charts so let's take a look at the charts first off you know I'm almost

10:17 charts first off you know I'm almost

10:17 charts first off you know I'm almost always using bar charts in here right

10:19 always using bar charts in here right

10:19 always using bar charts in here right candle is a great way to look at how I'm

10:21 candle is a great way to look at how I'm

10:21 candle is a great way to look at how I'm going to determine at the end of the

10:22 going to determine at the end of the

10:22 going to determine at the end of the month it's probably the only time I'll

10:23 month it's probably the only time I'll

10:23 month it's probably the only time I'll pull up a candle chart is really just to

10:27 pull up a candle chart is really just to

10:27 pull up a candle chart is really just to to give me an idea of where we open or

10:29 to give me an idea of where we open or

10:29 to give me an idea of where we open or closed on the first day of the month

10:31 closed on the first day of the month

10:31 closed on the first day of the month first day of the quarter and I like to

10:34 first day of the quarter and I like to

10:34 first day of the quarter and I like to see how that day went

10:37 see how that day went

10:37 see how that day went okay so if you think about

10:40 okay so if you think about

10:40 okay so if you think about this a lot of times what happens the

10:43 this a lot of times what happens the

10:43 this a lot of times what happens the first day of the month there's two

10:45 first day of the month there's two

10:45 first day of the month there's two scenarios for the last day of the

10:47 scenarios for the last day of the

10:47 scenarios for the last day of the month either it does the exact same

10:50 month either it does the exact same

10:50 month either it does the exact same thing or it does the exact opposite and

10:54 thing or it does the exact opposite and

10:54 thing or it does the exact opposite and there's a repeated pattern I've seen

10:55 there's a repeated pattern I've seen

10:55 there's a repeated pattern I've seen over and over and over and over again

10:59 over and over and over and over again

10:59 over and over and over and over again and that is that you're going to get

11:01 and that is that you're going to get

11:01 and that is that you're going to get either The Identical reaction to the

11:03 either The Identical reaction to the

11:03 either The Identical reaction to the first day or the exact opposite reaction

11:06 first day or the exact opposite reaction

11:06 first day or the exact opposite reaction to the first day now the trick is which

11:08 to the first day now the trick is which

11:08 to the first day now the trick is which way is it going to be and what I will

11:11 way is it going to be and what I will

11:11 way is it going to be and what I will look at is what has been happening on a

11:14 look at is what has been happening on a

11:14 look at is what has been happening on a regular basis from the first days of the

11:16 regular basis from the first days of the

11:16 regular basis from the first days of the month to the last day of the month just

11:18 month to the last day of the month just

11:18 month to the last day of the month just by looking at the bars so when we pull

11:20 by looking at the bars so when we pull

11:20 by looking at the bars so when we pull up a daily chart here okay we can go

11:23 up a daily chart here okay we can go

11:23 up a daily chart here okay we can go back and we can look at the first days

11:25 back and we can look at the first days

11:25 back and we can look at the first days of the month and we're here we are in

11:27 of the month and we're here we are in

11:27 of the month and we're here we are in the NASDAQ and you can see here okay so

11:31 the NASDAQ and you can see here okay so

11:31 the NASDAQ and you can see here okay so f is February so first day of the month

11:34 f is February so first day of the month

11:34 f is February so first day of the month here is green okay first day of the

11:37 here is green okay first day of the

11:37 here is green okay first day of the month uh in January was red so if the

11:40 month uh in January was red so if the

11:40 month uh in January was red so if the first day of the month in January I

11:42 first day of the month in January I

11:42 first day of the month in January I believe this is the first day of the

11:43 believe this is the first day of the

11:43 believe this is the first day of the month in January I have to actually

11:44 month in January I have to actually

11:44 month in January I have to actually double check I don't know how I'm

11:45 double check I don't know how I'm

11:45 double check I don't know how I'm checking my date here um but what I'll

11:48 checking my date here um but what I'll

11:48 checking my date here um but what I'll look for is if the first day is down

11:53 look for is if the first day is down

11:53 look for is if the first day is down what did the last day do and I'll go

11:54 what did the last day do and I'll go

11:54 what did the last day do and I'll go back several months and I'll look and

11:55 back several months and I'll look and

11:55 back several months and I'll look and say okay is the first day down was it

11:58 say okay is the first day down was it

11:58 say okay is the first day down was it then did it end up and a lot of it's

11:59 then did it end up and a lot of it's

11:59 then did it end up and a lot of it's going to come down to Market

12:01 going to come down to Market

12:01 going to come down to Market environments what was happening within

12:04 environments what was happening within

12:04 environments what was happening within the market environment are we in a

12:05 the market environment are we in a

12:05 the market environment are we in a primary bull Trend are we in our primary

12:07 primary bull Trend are we in our primary

12:07 primary bull Trend are we in our primary bear Trend you can go back and see a lot

12:10 bear Trend you can go back and see a lot

12:10 bear Trend you can go back and see a lot of times first days of the month in be

12:12 of times first days of the month in be

12:12 of times first days of the month in be Trends our shorts they'll start off

12:14 Trends our shorts they'll start off

12:14 Trends our shorts they'll start off selling the first day of the month and

12:16 selling the first day of the month and

12:16 selling the first day of the month and on the last day of the month it'll be a

12:17 on the last day of the month it'll be a

12:17 on the last day of the month it'll be a buy and bull markets you'll see a lot of

12:19 buy and bull markets you'll see a lot of

12:19 buy and bull markets you'll see a lot of times first day of the month is a buy

12:21 times first day of the month is a buy

12:22 times first day of the month is a buy and the last day of the month if

12:23 and the last day of the month if

12:23 and the last day of the month if especially in the early months of the

12:25 especially in the early months of the

12:25 especially in the early months of the year it'll be a buy at the first day of

12:27 year it'll be a buy at the first day of

12:27 year it'll be a buy at the first day of month and then a Buy in the last day of

12:29 month and then a Buy in the last day of

12:29 month and then a Buy in the last day of the month and the reason is in a bull

12:31 the month and the reason is in a bull

12:31 the month and the reason is in a bull market is because you have orders that

12:33 market is because you have orders that

12:33 market is because you have orders that come in and buy the first day of the

12:34 come in and buy the first day of the

12:34 come in and buy the first day of the month and if at the end of the month the

12:36 month and if at the end of the month the

12:36 month and if at the end of the month the market is doing okay to up a little bit

12:40 market is doing okay to up a little bit

12:40 market is doing okay to up a little bit a lot of times you get people that are

12:42 a lot of times you get people that are

12:42 a lot of times you get people that are chasing performance or people that want

12:43 chasing performance or people that want

12:43 chasing performance or people that want to buy and they try to get in before

12:45 to buy and they try to get in before

12:45 to buy and they try to get in before that last day of the month and they step

12:47 that last day of the month and they step

12:47 that last day of the month and they step in and they'll buy the Futures the last

12:49 in and they'll buy the Futures the last

12:49 in and they'll buy the Futures the last day of the month also look at it from

12:52 day of the month also look at it from

12:52 day of the month also look at it from the perspective of the the stock players

12:54 the perspective of the the stock players

12:54 the perspective of the the stock players out there the easiest way to get access

12:58 out there the easiest way to get access

12:58 out there the easiest way to get access to the indexes if you've not been long

13:01 to the indexes if you've not been long

13:01 to the indexes if you've not been long NASDAQ or if you've not been long the

13:02 NASDAQ or if you've not been long the

13:02 NASDAQ or if you've not been long the S&P is to step in and buy Futures

13:05 S&P is to step in and buy Futures

13:05 S&P is to step in and buy Futures because they're leveraged and you can

13:06 because they're leveraged and you can

13:06 because they're leveraged and you can get them on your books fast and

13:08 get them on your books fast and

13:08 get them on your books fast and efficiently so if you're somebody out

13:10 efficiently so if you're somebody out

13:10 efficiently so if you're somebody out there who's managing money and you want

13:11 there who's managing money and you want

13:11 there who's managing money and you want to get access to the indexes you can

13:13 to get access to the indexes you can

13:13 to get access to the indexes you can come in with a much smaller amount of

13:14 come in with a much smaller amount of

13:14 come in with a much smaller amount of your capital and step in and buy Futures

13:17 your capital and step in and buy Futures

13:17 your capital and step in and buy Futures and you can make a pretty decent

13:19 and you can make a pretty decent

13:19 and you can make a pretty decent percentage in a short period of time if

13:21 percentage in a short period of time if

13:21 percentage in a short period of time if it goes your way okay by using the

13:23 it goes your way okay by using the

13:23 it goes your way okay by using the Futures markets which is why order flow

13:25 Futures markets which is why order flow

13:25 Futures markets which is why order flow is always something that's very

13:27 is always something that's very

13:27 is always something that's very important you'll see a lot of people

13:28 important you'll see a lot of people

13:28 important you'll see a lot of people look at Co data and all that type of

13:29 look at Co data and all that type of

13:30 look at Co data and all that type of stuff to see what it is we can talk

13:32 stuff to see what it is we can talk

13:32 stuff to see what it is we can talk about coot data at other time but the

13:34 about coot data at other time but the

13:34 about coot data at other time but the point of it is that that that order flow

13:36 point of it is that that that order flow

13:36 point of it is that that that order flow is going to come in and you have to try

13:38 is going to come in and you have to try

13:38 is going to come in and you have to try and game it and guess it and say what's

13:40 and game it and guess it and say what's

13:40 and game it and guess it and say what's going to happen now when you look at the

13:42 going to happen now when you look at the

13:42 going to happen now when you look at the first day of February this year uh first

13:45 first day of February this year uh first

13:45 first day of February this year uh first day of

13:46 day of

13:46 day of February uh you can see that it was a

13:48 February uh you can see that it was a

13:48 February uh you can see that it was a green month in the NASDAQ and here we

13:50 green month in the NASDAQ and here we

13:50 green month in the NASDAQ and here we are towards the end of the month and a

13:52 are towards the end of the month and a

13:52 are towards the end of the month and a month that's up modestly and here we are

13:55 month that's up modestly and here we are

13:55 month that's up modestly and here we are opening on a technical basis uh just

13:58 opening on a technical basis uh just

13:58 opening on a technical basis uh just just above the 5-day moving average here

14:01 just above the 5-day moving average here

14:01 just above the 5-day moving average here I've talked about some technical levels

14:02 I've talked about some technical levels

14:02 I've talked about some technical levels and you look at it and say it's been an

14:04 and you look at it and say it's been an

14:04 and you look at it and say it's been an okay

14:05 okay

14:05 okay month if you've been long at the first

14:08 month if you've been long at the first

14:08 month if you've been long at the first day of the month I started thinking to

14:09 day of the month I started thinking to

14:09 day of the month I started thinking to myself if it's been a buy okay does it

14:12 myself if it's been a buy okay does it

14:12 myself if it's been a buy okay does it have room to potentially run do people

14:14 have room to potentially run do people

14:14 have room to potentially run do people want to potentially chased us into the

14:16 want to potentially chased us into the

14:16 want to potentially chased us into the end of the month if the month was up

14:17 end of the month if the month was up

14:17 end of the month if the month was up dramatically let's just say we were up

14:19 dramatically let's just say we were up

14:19 dramatically let's just say we were up 10% I'd probably be looking at a short

14:21 10% I'd probably be looking at a short

14:21 10% I'd probably be looking at a short but because the month is up modestly and

14:24 but because the month is up modestly and

14:24 but because the month is up modestly and I look at it and go and we're kind of

14:26 I look at it and go and we're kind of

14:26 I look at it and go and we're kind of near highs if you've been sure

14:29 near highs if you've been sure

14:29 near highs if you've been sure where is the squeeze potential squeeze

14:31 where is the squeeze potential squeeze

14:31 where is the squeeze potential squeeze potential is higher and so I look at

14:34 potential is higher and so I look at

14:34 potential is higher and so I look at based upon what the month a beginning of

14:36 based upon what the month a beginning of

14:36 based upon what the month a beginning of the month is towards the end of the

14:37 the month is towards the end of the

14:37 the month is towards the end of the month and I'll say potential squeeze

14:39 month and I'll say potential squeeze

14:39 month and I'll say potential squeeze higher in NASDAQ so to me the NASDAQ

14:42 higher in NASDAQ so to me the NASDAQ

14:42 higher in NASDAQ so to me the NASDAQ today I'll look for a potential rally

14:46 today I'll look for a potential rally

14:46 today I'll look for a potential rally into the close technical supported first

14:48 into the close technical supported first

14:48 into the close technical supported first day of the month says look at we've been

14:50 day of the month says look at we've been

14:50 day of the month says look at we've been buying it or the Market's been buying it

14:52 buying it or the Market's been buying it

14:52 buying it or the Market's been buying it you look at even January there was

14:54 you look at even January there was

14:54 you look at even January there was buying at the last day of the month uh

14:56 buying at the last day of the month uh

14:56 buying at the last day of the month uh towards the end of January and you could

14:58 towards the end of January and you could

14:58 towards the end of January and you could see see that that flows could be the

14:59 see see that that flows could be the

14:59 see see that that flows could be the case let's take a look at S&P now now

15:01 case let's take a look at S&P now now

15:01 case let's take a look at S&P now now S&P is where my bread and butter has

15:03 S&P is where my bread and butter has

15:03 S&P is where my bread and butter has been majority of the time and it looks

15:05 been majority of the time and it looks

15:05 been majority of the time and it looks actually very similar but actually S&P

15:07 actually very similar but actually S&P

15:07 actually very similar but actually S&P from a technical perspective uh and from

15:10 from a technical perspective uh and from

15:10 from a technical perspective uh and from a percentage perspective I think is

15:12 a percentage perspective I think is

15:12 a percentage perspective I think is having possibly a little bit of a better

15:14 having possibly a little bit of a better

15:14 having possibly a little bit of a better month still the same timee of thought

15:17 month still the same timee of thought

15:17 month still the same timee of thought process buyer first day of the month

15:19 process buyer first day of the month

15:19 process buyer first day of the month overall trend is up we're near all-time

15:22 overall trend is up we're near all-time

15:22 overall trend is up we're near all-time highs the month has not been great it's

15:25 highs the month has not been great it's

15:25 highs the month has not been great it's not been bad either Market's up on a

15:28 not been bad either Market's up on a

15:28 not been bad either Market's up on a like today as we get towards the end of

15:30 like today as we get towards the end of

15:30 like today as we get towards the end of the month you think about where do those

15:32 the month you think about where do those

15:32 the month you think about where do those orders start to come in and I would look

15:33 orders start to come in and I would look

15:34 orders start to come in and I would look at it and say you know likely for them

15:36 at it and say you know likely for them

15:36 at it and say you know likely for them to step in and try and buy what the

15:38 to step in and try and buy what the

15:38 to step in and try and buy what the first day of the month is right and so

15:40 first day of the month is right and so

15:40 first day of the month is right and so you're going to potentially look for

15:42 you're going to potentially look for

15:42 you're going to potentially look for that to be a buy now remember I said

15:44 that to be a buy now remember I said

15:44 that to be a buy now remember I said there's a couple things and there

15:45 there's a couple things and there

15:45 there's a couple things and there there's a lot

15:47 there's a lot

15:47 there's a lot of this is I want to what's the word I

15:50 of this is I want to what's the word I

15:50 of this is I want to what's the word I want to look for here there's there's

15:51 want to look for here there's there's

15:51 want to look for here there's there's Nuance to this but it's it's one of

15:53 Nuance to this but it's it's one of

15:53 Nuance to this but it's it's one of those things where it's not a science

15:54 those things where it's not a science

15:54 those things where it's not a science and like when I put things out there on

15:56 and like when I put things out there on

15:56 and like when I put things out there on Twitter and I be like I'm looking to buy

15:57 Twitter and I be like I'm looking to buy

15:57 Twitter and I be like I'm looking to buy in the last five minutes I'm looking to

15:59 in the last five minutes I'm looking to

15:59 in the last five minutes I'm looking to sell in the last five minutes the reason

16:01 sell in the last five minutes the reason

16:01 sell in the last five minutes the reason is is just because of time and things

16:03 is is just because of time and things

16:03 is is just because of time and things that I've looked at this is not

16:04 that I've looked at this is not

16:04 that I've looked at this is not something that you're going to go out

16:05 something that you're going to go out

16:05 something that you're going to go out there and you know say this is I can't

16:07 there and you know say this is I can't

16:07 there and you know say this is I can't really build a strategy around this

16:08 really build a strategy around this

16:08 really build a strategy around this because there's an environment around it

16:11 because there's an environment around it

16:11 because there's an environment around it and we when you're in a bull market and

16:14 and we when you're in a bull market and

16:14 and we when you're in a bull market and if the market would be up dramatically

16:17 if the market would be up dramatically

16:17 if the market would be up dramatically I'd be thinking different on the first

16:18 I'd be thinking different on the first

16:19 I'd be thinking different on the first day of the month versus the last day of

16:20 day of the month versus the last day of

16:20 day of the month versus the last day of the month versus a market that's up

16:21 the month versus a market that's up

16:21 the month versus a market that's up modestly versus a down month uh in a

16:24 modestly versus a down month uh in a

16:24 modestly versus a down month uh in a primary Trend right if they bought it

16:26 primary Trend right if they bought it

16:26 primary Trend right if they bought it the first day of the month and the last

16:28 the first day of the month and the last

16:28 the first day of the month and the last day of the month were lower or some

16:31 day of the month were lower or some

16:31 day of the month were lower or some people might look at that as a buying

16:32 people might look at that as a buying

16:32 people might look at that as a buying opportunity so it's it's one of those

16:34 opportunity so it's it's one of those

16:34 opportunity so it's it's one of those things that you look at and you have to

16:36 things that you look at and you have to

16:36 things that you look at and you have to have an open mind about it but you have

16:38 have an open mind about it but you have

16:38 have an open mind about it but you have to understand that the environment is

16:39 to understand that the environment is

16:39 to understand that the environment is going to matter the environment matters

16:41 going to matter the environment matters

16:41 going to matter the environment matters it's not just because we're up the first

16:43 it's not just because we're up the first

16:43 it's not just because we're up the first day we're going to be down this the last

16:44 day we're going to be down this the last

16:44 day we're going to be down this the last day it's not just because we're down the

16:46 day it's not just because we're down the

16:46 day it's not just because we're down the first day we're going to be up the last

16:47 first day we're going to be up the last

16:47 first day we're going to be up the last day or vice versa looking at in

16:50 day or vice versa looking at in

16:50 day or vice versa looking at in environments and so this month I see

16:53 environments and so this month I see

16:53 environments and so this month I see probably buyers coming in across the

16:56 probably buyers coming in across the

16:56 probably buyers coming in across the board in the indexes so Anthony one

16:59 board in the indexes so Anthony one

16:59 board in the indexes so Anthony one thing you said that really re you know

17:02 thing you said that really re you know

17:03 thing you said that really re you know resonated with me is that the first day

17:06 resonated with me is that the first day

17:06 resonated with me is that the first day and the last day they will be moves

17:09 and the last day they will be moves

17:09 and the last day they will be moves right they won't be they won't be dois

17:12 right they won't be they won't be dois

17:12 right they won't be they won't be dois you rarely see dogee candles you know

17:14 you rarely see dogee candles you know

17:14 you rarely see dogee candles you know open equals close on the same day is

17:17 open equals close on the same day is

17:17 open equals close on the same day is what I'm getting right you're looking to

17:18 what I'm getting right you're looking to

17:18 what I'm getting right you're looking to see if the last day is going to do the

17:21 see if the last day is going to do the

17:21 see if the last day is going to do the same thing or the opposite but what

17:23 same thing or the opposite but what

17:23 same thing or the opposite but what struck me is you definitely experience

17:27 struck me is you definitely experience

17:27 struck me is you definitely experience moves of some sort a bigger candle if

17:30 moves of some sort a bigger candle if

17:30 moves of some sort a bigger candle if you will on the first day and last day

17:32 you will on the first day and last day

17:32 you will on the first day and last day of the month and that's because of

17:35 of the month and that's because of

17:35 of the month and that's because of these these reasons that Traders have to

17:38 these these reasons that Traders have to

17:39 these these reasons that Traders have to get into positions have to get out of

17:41 get into positions have to get out of

17:41 get into positions have to get out of positions um at the ends of the month

17:44 positions um at the ends of the month

17:44 positions um at the ends of the month the end of the month the beginning of

17:45 the end of the month the beginning of

17:45 the end of the month the beginning of the month do you find that when you're

17:47 the month do you find that when you're

17:47 the month do you find that when you're looking from let's say end of the month

17:51 looking from let's say end of the month

17:51 looking from let's say end of the month to the next

17:53 to the next

17:53 to the next day is there a way to say like I'm

17:55 day is there a way to say like I'm

17:56 day is there a way to say like I'm looking at February last day of January

17:58 looking at February last day of January

17:58 looking at February last day of January was down first day of February was like

18:00 was down first day of February was like

18:00 was down first day of February was like a reversal candle up and that could be

18:02 a reversal candle up and that could be

18:02 a reversal candle up and that could be because that that was a selloff in an

18:04 because that that was a selloff in an

18:04 because that that was a selloff in an uptrend right you know I get I

18:07 uptrend right you know I get I

18:07 uptrend right you know I get I understand it's an it's it's an

18:09 understand it's an it's it's an

18:09 understand it's an it's it's an environment thing but do you often see

18:11 environment thing but do you often see

18:11 environment thing but do you often see that there's a reversal like if the last

18:14 that there's a reversal like if the last

18:14 that there's a reversal like if the last day is down the next day will be up or

18:17 day is down the next day will be up or

18:17 day is down the next day will be up or um you know is that dependent on Trend

18:19 um you know is that dependent on Trend

18:19 um you know is that dependent on Trend as

18:21 as

18:21 as well so once again

18:24 well so once again

18:24 well so once again there's context and Nuance yes right and

18:27 there's context and Nuance yes right and

18:27 there's context and Nuance yes right and so in January it was interesting because

18:30 so in January it was interesting because

18:31 so in January it was interesting because you had a first day down last day down

18:35 you had a first day down last day down

18:35 you had a first day down last day down and I go back to it that is almost the

18:39 and I go back to it that is almost the

18:39 and I go back to it that is almost the rarest day I see in an upward trending

18:41 rarest day I see in an upward trending

18:41 rarest day I see in an upward trending market and I was actually trying to buy

18:42 market and I was actually trying to buy

18:42 market and I was actually trying to buy them the last day of the month in

18:43 them the last day of the month in

18:43 them the last day of the month in January versus February you have a first

18:46 January versus February you have a first

18:46 January versus February you have a first day up and it might be a last day up and

18:48 day up and it might be a last day up and

18:48 day up and it might be a last day up and so I go back and look at the context

18:49 so I go back and look at the context

18:49 so I go back and look at the context there's no there's no right answer to

18:51 there's no there's no right answer to

18:51 there's no there's no right answer to that is basically the way I look and and

18:54 that is basically the way I look and and

18:54 that is basically the way I look and and and here's part of why why are we

18:57 and here's part of why why are we

18:57 and here's part of why why are we discussing this on develop your Edge

18:59 discussing this on develop your Edge

18:59 discussing this on develop your Edge because a couple things you have to

19:01 because a couple things you have to

19:01 because a couple things you have to understand last days of the month first

19:04 understand last days of the month first

19:04 understand last days of the month first days of the month Traders have to do

19:07 days of the month Traders have to do

19:07 days of the month Traders have to do something so there's a different feel to

19:10 something so there's a different feel to

19:10 something so there's a different feel to the market first morning of the month

19:12 the market first morning of the month

19:12 the market first morning of the month first day of the month in the morning

19:14 first day of the month in the morning

19:14 first day of the month in the morning and into the close order flow comes in

19:17 and into the close order flow comes in

19:17 and into the close order flow comes in and it's probably going to be most

19:19 and it's probably going to be most

19:19 and it's probably going to be most likely dominant in One

19:21 likely dominant in One

19:21 likely dominant in One Direction same with last day of the

19:23 Direction same with last day of the

19:23 Direction same with last day of the month and so especially the last few

19:26 month and so especially the last few

19:26 month and so especially the last few minutes of the day and so I want you to

19:29 minutes of the day and so I want you to

19:29 minutes of the day and so I want you to understand that your technicals don't

19:31 understand that your technicals don't

19:31 understand that your technicals don't really matter here okay they they matter

19:34 really matter here okay they they matter

19:34 really matter here okay they they matter in the sense of shaping around what's

19:37 in the sense of shaping around what's

19:37 in the sense of shaping around what's happening within the market environment

19:38 happening within the market environment

19:38 happening within the market environment what's what's happening within the

19:40 what's what's happening within the

19:40 what's what's happening within the marketplace But ultimately if I have to

19:43 marketplace But ultimately if I have to

19:43 marketplace But ultimately if I have to buy you know thousands of e- minis I

19:47 buy you know thousands of e- minis I

19:47 buy you know thousands of e- minis I don't really care if it's at a five day

19:49 don't really care if it's at a five day

19:49 don't really care if it's at a five day moving average or it's at a vwap it

19:51 moving average or it's at a vwap it

19:51 moving average or it's at a vwap it doesn't matter to me I've got to buy

19:53 doesn't matter to me I've got to buy

19:53 doesn't matter to me I've got to buy them right and coming from a place where

19:56 them right and coming from a place where

19:56 them right and coming from a place where I come from seeing that I saw that

19:59 I come from seeing that I saw that

19:59 I come from seeing that I saw that firsthand and I would

20:01 firsthand and I would

20:01 firsthand and I would notice the Brokers on the last day of

20:04 notice the Brokers on the last day of

20:04 notice the Brokers on the last day of the month it would be like this so think

20:06 the month it would be like this so think

20:06 the month it would be like this so think about this everybody and this is how I

20:08 about this everybody and this is how I

20:08 about this everybody and this is how I started to learn how to trade it you'd

20:11 started to learn how to trade it you'd

20:11 started to learn how to trade it you'd be 20 minutes to go into the end of the

20:12 be 20 minutes to go into the end of the

20:12 be 20 minutes to go into the end of the month and I'd be looking up at the

20:13 month and I'd be looking up at the

20:13 month and I'd be looking up at the Goldman Brokers i' be looking at the

20:15 Goldman Brokers i' be looking at the

20:15 Goldman Brokers i' be looking at the Merill Brokers and the Goldman Brokers

20:16 Merill Brokers and the Goldman Brokers

20:17 Merill Brokers and the Goldman Brokers would be like you know even bid buy 50

20:19 would be like you know even bid buy 50

20:19 would be like you know even bid buy 50 put their arms down right another minute

20:22 put their arms down right another minute

20:22 put their arms down right another minute or two you know even bid buy 50 right

20:26 or two you know even bid buy 50 right

20:26 or two you know even bid buy 50 right like okay they're buying a little bit

20:28 like okay they're buying a little bit

20:28 like okay they're buying a little bit and all of a sudden it'd be 5 minutes to

20:29 and all of a sudden it'd be 5 minutes to

20:29 and all of a sudden it'd be 5 minutes to go into the close and all of a sudden

20:31 go into the close and all of a sudden

20:31 go into the close and all of a sudden they'd be like even bit and you know and

20:34 they'd be like even bit and you know and

20:35 they'd be like even bit and you know and someone be like sell you 50 they'd be

20:36 someone be like sell you 50 they'd be

20:36 someone be like sell you 50 they'd be like buy 50 even bit and all of a sudden

20:39 like buy 50 even bit and all of a sudden

20:39 like buy 50 even bit and all of a sudden theyd be like half bit even bit and it

20:43 theyd be like half bit even bit and it

20:43 theyd be like half bit even bit and it broke locals will be like you know 200

20:46 broke locals will be like you know 200

20:46 broke locals will be like you know 200 at two even and they'd be like buy them

20:47 at two even and they'd be like buy them

20:47 at two even and they'd be like buy them two even bid and you'd be like oh my God

20:50 two even bid and you'd be like oh my God

20:51 two even bid and you'd be like oh my God now as a local you're taking the

20:53 now as a local you're taking the

20:53 now as a local you're taking the opposite side of this nonstop buying

20:58 opposite side of this nonstop buying

20:58 opposite side of this nonstop buying right and then another broker over there

20:59 right and then another broker over there

20:59 right and then another broker over there be going to happen and You' be like oh

21:02 be going to happen and You' be like oh

21:02 be going to happen and You' be like oh my God now I'm short because we're

21:03 my God now I'm short because we're

21:03 my God now I'm short because we're taking the opposite side of the order

21:05 taking the opposite side of the order

21:05 taking the opposite side of the order flow right and you would see this order

21:07 flow right and you would see this order

21:07 flow right and you would see this order flow come in and then all of a sudden

21:09 flow come in and then all of a sudden

21:09 flow come in and then all of a sudden right when there'd be a minute into the

21:10 right when there'd be a minute into the

21:10 right when there'd be a minute into the close they'd be like five even on 500

21:13 close they'd be like five even on 500

21:13 close they'd be like five even on 500 and locals would be like 5008 even you

21:16 and locals would be like 5008 even you

21:16 and locals would be like 5008 even you know what I mean and they like B them

21:17 know what I mean and they like B them

21:17 know what I mean and they like B them and you just it would be crazy and so I

21:22 and you just it would be crazy and so I

21:22 and you just it would be crazy and so I learned at that moment that they put

21:24 learned at that moment that they put

21:24 learned at that moment that they put their guard down and say I gotta buy

21:27 their guard down and say I gotta buy

21:27 their guard down and say I gotta buy them or I've got to sell them and so

21:30 them or I've got to sell them and so

21:30 them or I've got to sell them and so when I saw that I'm like that move they

21:33 when I saw that I'm like that move they

21:33 when I saw that I'm like that move they have to do it and so as a Trader I look

21:36 have to do it and so as a Trader I look

21:36 have to do it and so as a Trader I look at it and go it doesn't matter if I want

21:38 at it and go it doesn't matter if I want

21:38 at it and go it doesn't matter if I want to be short here if that order flow is

21:40 to be short here if that order flow is

21:40 to be short here if that order flow is coming in and it's going in that

21:41 coming in and it's going in that

21:41 coming in and it's going in that direction I'm going to go with it

21:43 direction I'm going to go with it

21:43 direction I'm going to go with it because you don't know how many more

21:45 because you don't know how many more

21:45 because you don't know how many more there could be so when I get towards the

21:47 there could be so when I get towards the

21:47 there could be so when I get towards the end of the months I look at it and go if

21:50 end of the months I look at it and go if

21:50 end of the months I look at it and go if all of a sudden I get to see that

21:52 all of a sudden I get to see that

21:52 all of a sudden I get to see that there's some buyers I'll start looking

21:53 there's some buyers I'll start looking

21:53 there's some buyers I'll start looking at the order flow as well and they come

21:55 at the order flow as well and they come

21:55 at the order flow as well and they come in and they start buying them or they're

21:56 in and they start buying them or they're

21:56 in and they start buying them or they're selling them and you and I say say they

21:58 selling them and you and I say say they

21:59 selling them and you and I say say they it's just looking at the order flow and

22:00 it's just looking at the order flow and

22:00 it's just looking at the order flow and what the cumulative Delta may be doing

22:03 what the cumulative Delta may be doing

22:03 what the cumulative Delta may be doing and it starts going in that direction I

22:05 and it starts going in that direction I

22:05 and it starts going in that direction I step in in that direction I don't fade

22:07 step in in that direction I don't fade

22:07 step in in that direction I don't fade that I might fade that 99% of the time

22:10 that I might fade that 99% of the time

22:10 that I might fade that 99% of the time throughout the day throughout the month

22:12 throughout the day throughout the month

22:12 throughout the day throughout the month because it's getting the resistance or

22:14 because it's getting the resistance or

22:14 because it's getting the resistance or support that doesn't matter now and so

22:18 support that doesn't matter now and so

22:18 support that doesn't matter now and so because I've seen that firsthand and

22:19 because I've seen that firsthand and

22:19 because I've seen that firsthand and I've seen that carry through over and

22:21 I've seen that carry through over and

22:21 I've seen that carry through over and over again Watch the last five minutes

22:23 over again Watch the last five minutes

22:23 over again Watch the last five minutes today yeah don't trade it just watch it

22:26 today yeah don't trade it just watch it

22:26 today yeah don't trade it just watch it and watch how it builds up into this

22:28 and watch how it builds up into this

22:28 and watch how it builds up into this move and then you know who knows today

22:29 move and then you know who knows today

22:29 move and then you know who knows today could be a flop and nothing happens

22:31 could be a flop and nothing happens

22:31 could be a flop and nothing happens absolutely possible but if it starts to

22:33 absolutely possible but if it starts to

22:33 absolutely possible but if it starts to go in one direction it'll almost trade

22:36 go in one direction it'll almost trade

22:36 go in one direction it'll almost trade like an fomc day in a weird way where it

22:39 like an fomc day in a weird way where it

22:39 like an fomc day in a weird way where it either could just blip up 10 20 handles

22:41 either could just blip up 10 20 handles

22:41 either could just blip up 10 20 handles 50 100 Handles in the NASDAQ or it could

22:42 50 100 Handles in the NASDAQ or it could

22:43 50 100 Handles in the NASDAQ or it could be you know the opposite side uh you

22:45 be you know the opposite side uh you

22:45 be you know the opposite side uh you know it could just flip up and come

22:46 know it could just flip up and come

22:46 know it could just flip up and come right back down I mean there there's

22:48 right back down I mean there there's

22:48 right back down I mean there there's going to be

22:49 going to be

22:49 going to be volatility so you mentioned fomc day

22:52 volatility so you mentioned fomc day

22:52 volatility so you mentioned fomc day trading like an fomc day today we got a

22:54 trading like an fomc day today we got a

22:54 trading like an fomc day today we got a piece of information moved the market

22:56 piece of information moved the market

22:57 piece of information moved the market pretty nicely right at 8:30 we saw that

22:59 pretty nicely right at 8:30 we saw that

22:59 pretty nicely right at 8:30 we saw that big jump uh pce came out um but What I

23:03 big jump uh pce came out um but What I

23:03 big jump uh pce came out um but What I Hear What I Hear You saying is there's

23:05 Hear What I Hear You saying is there's

23:05 Hear What I Hear You saying is there's no timing on this except you know be

23:08 no timing on this except you know be

23:08 no timing on this except you know be towards the end of the day there like

23:10 towards the end of the day there like

23:10 towards the end of the day there like you said there's no at this many minutes

23:13 you said there's no at this many minutes

23:13 you said there's no at this many minutes it's going to do this you can't say that

23:15 it's going to do this you can't say that

23:15 it's going to do this you can't say that but it's just be aware that there could

23:17 but it's just be aware that there could

23:17 but it's just be aware that there could be an uptick there could be a down tick

23:19 be an uptick there could be a down tick

23:19 be an uptick there could be a down tick that starts to build and move towards

23:22 that starts to build and move towards

23:22 that starts to build and move towards the end of the end of this end of the

23:24 the end of the end of this end of the

23:24 the end of the end of this end of the trading day towards four

23:26 trading day towards four

23:26 trading day towards four o'clock Absol absolutely I mean it's

23:29 o'clock Absol absolutely I mean it's

23:29 o'clock Absol absolutely I mean it's just like tomorrow morning on the

23:30 just like tomorrow morning on the

23:30 just like tomorrow morning on the opening bell the first day of the month

23:32 opening bell the first day of the month

23:32 opening bell the first day of the month the first day of March we're getting

23:33 the first day of March we're getting

23:33 the first day of March we're getting into rollover we're heading

23:35 into rollover we're heading

23:35 into rollover we're heading into um you know the first day of March

23:38 into um you know the first day of March

23:38 into um you know the first day of March where you're going to actually have two

23:39 where you're going to actually have two

23:39 where you're going to actually have two different contracts as the front month

23:41 different contracts as the front month

23:41 different contracts as the front month of the S&P you're going to have March

23:42 of the S&P you're going to have March

23:42 of the S&P you're going to have March into June the first 20 30 minutes is not

23:47 into June the first 20 30 minutes is not

23:47 into June the first 20 30 minutes is not going to really be a technically driven

23:49 going to really be a technically driven

23:49 going to really be a technically driven move right I mean it definitely has its

23:52 move right I mean it definitely has its

23:52 move right I mean it definitely has its role but the order flow that's coming in

23:55 role but the order flow that's coming in

23:55 role but the order flow that's coming in is order flow that has to come in I mean

23:58 is order flow that has to come in I mean

23:58 is order flow that has to come in I mean and I think that this this is the part

24:00 and I think that this this is the part

24:00 and I think that this this is the part where I say everything works sometimes

24:02 where I say everything works sometimes

24:02 where I say everything works sometimes nothing works all the time as as Traders

24:05 nothing works all the time as as Traders

24:05 nothing works all the time as as Traders you have to understand your strategy is

24:07 you have to understand your strategy is

24:07 you have to understand your strategy is is is this big in a sea of markets and

24:11 is is this big in a sea of markets and

24:11 is is this big in a sea of markets and sometimes you're going to be look you're

24:15 sometimes you're going to be look you're

24:15 sometimes you're going to be look you're going to look like a genius and

24:16 going to look like a genius and

24:16 going to look like a genius and everything's going to work perfect for

24:17 everything's going to work perfect for

24:17 everything's going to work perfect for you and you're gonna be like wow this is

24:20 you and you're gonna be like wow this is

24:20 you and you're gonna be like wow this is a great strategy this is my strategy it

24:22 a great strategy this is my strategy it

24:22 a great strategy this is my strategy it works great and the next minute you're

24:24 works great and the next minute you're

24:24 works great and the next minute you're going to be like nothing I can do is

24:28 going to be like nothing I can do is

24:28 going to be like nothing I can do is right this is unbelievable I can't find

24:29 right this is unbelievable I can't find

24:29 right this is unbelievable I can't find a winner by doing the same exact thing

24:33 a winner by doing the same exact thing

24:33 a winner by doing the same exact thing and understand that there's different

24:36 and understand that there's different

24:36 and understand that there's different things in happening all the time in the

24:39 things in happening all the time in the

24:39 things in happening all the time in the marketplace everything works sometimes

24:42 marketplace everything works sometimes

24:42 marketplace everything works sometimes nothing works all the time and sometimes

24:45 nothing works all the time and sometimes

24:45 nothing works all the time and sometimes elos and certain things catch on to

24:47 elos and certain things catch on to

24:47 elos and certain things catch on to strategies and they work really well

24:49 strategies and they work really well

24:49 strategies and they work really well other times markets just have to move

24:51 other times markets just have to move

24:51 other times markets just have to move because people have got to move

24:52 because people have got to move

24:52 because people have got to move inventory they've got to do it and when

24:55 inventory they've got to do it and when

24:55 inventory they've got to do it and when you understand it from that perspective

24:57 you understand it from that perspective

24:57 you understand it from that perspective there's a Time time like these times

24:59 there's a Time time like these times

24:59 there's a Time time like these times where people have to do something and

25:02 where people have to do something and

25:02 where people have to do something and you have to get past the fact that if

25:04 you have to get past the fact that if

25:04 you have to get past the fact that if you lost money on an end of the month or

25:06 you lost money on an end of the month or

25:06 you lost money on an end of the month or the beginning of the month because your

25:08 the beginning of the month because your

25:08 the beginning of the month because your strategy didn't work well and you go

25:09 strategy didn't work well and you go

25:09 strategy didn't work well and you go back I go back to my days where I'd be

25:11 back I go back to my days where I'd be

25:11 back I go back to my days where I'd be like I don't understand why I just

25:12 like I don't understand why I just

25:13 like I don't understand why I just yesterday everything work great and

25:14 yesterday everything work great and

25:14 yesterday everything work great and today I can't believe it well because

25:16 today I can't believe it well because

25:16 today I can't believe it well because there's other things at play and on

25:18 there's other things at play and on

25:18 there's other things at play and on develop your Edge I'm trying to make you

25:19 develop your Edge I'm trying to make you

25:19 develop your Edge I'm trying to make you into a better Trader to last longer I'm

25:21 into a better Trader to last longer I'm

25:21 into a better Trader to last longer I'm not here to tell you like this is not

25:23 not here to tell you like this is not

25:23 not here to tell you like this is not going to be a scientific method but I'm

25:25 going to be a scientific method but I'm

25:25 going to be a scientific method but I'm going to tell you that you got to think

25:26 going to tell you that you got to think

25:26 going to tell you that you got to think and understand that

25:28 and understand that

25:28 and understand that sometimes things aren't just going to

25:29 sometimes things aren't just going to

25:29 sometimes things aren't just going to work the way that you thought they were

25:31 work the way that you thought they were

25:31 work the way that you thought they were because the market is something else is

25:33 because the market is something else is

25:33 because the market is something else is going on and so open your mind open your

25:36 going on and so open your mind open your

25:36 going on and so open your mind open your eyeses to understand beginning of the

25:37 eyeses to understand beginning of the

25:37 eyeses to understand beginning of the months end of the months markets are

25:39 months end of the months markets are

25:39 months end of the months markets are going to have a lot of order flow

25:41 going to have a lot of order flow

25:41 going to have a lot of order flow they're going to come in and this thing

25:43 they're going to come in and this thing

25:43 they're going to come in and this thing is going to move and so I've learned to

25:44 is going to move and so I've learned to

25:44 is going to move and so I've learned to actually take advantage of them because

25:46 actually take advantage of them because

25:46 actually take advantage of them because so let's talk about how I take advantage

25:48 so let's talk about how I take advantage

25:48 so let's talk about how I take advantage of them because I know we're running out

25:49 of them because I know we're running out

25:49 of them because I know we're running out of time if I think we're going to go up

25:51 of time if I think we're going to go up

25:51 of time if I think we're going to go up today towards the close right I watch

25:54 today towards the close right I watch

25:54 today towards the close right I watch last five minutes I wait I wait I step

25:57 last five minutes I wait I wait I step

25:57 last five minutes I wait I wait I step in I start to buy I know if it starts

25:59 in I start to buy I know if it starts

25:59 in I start to buy I know if it starts going down and they're starting to press

26:01 going down and they're starting to press

26:01 going down and they're starting to press against me I'll put a you know let's

26:02 against me I'll put a you know let's

26:02 against me I'll put a you know let's just say a fiveo stop in S&P maybe 20

26:05 just say a fiveo stop in S&P maybe 20

26:05 just say a fiveo stop in S&P maybe 20 point stop in NASDAQ I just that's it if

26:08 point stop in NASDAQ I just that's it if

26:08 point stop in NASDAQ I just that's it if it starts not going my way I'm dinged

26:09 it starts not going my way I'm dinged

26:09 it starts not going my way I'm dinged out it's over right if it starts going

26:12 out it's over right if it starts going

26:12 out it's over right if it starts going my way I try to press it as fast as I

26:14 my way I try to press it as fast as I

26:14 my way I try to press it as fast as I can and I let the thing rip and I scale

26:16 can and I let the thing rip and I scale

26:16 can and I let the thing rip and I scale my way out and nothing crazy right right

26:19 my way out and nothing crazy right right

26:19 my way out and nothing crazy right right but I've done it so many times and it's

26:22 but I've done it so many times and it's

26:22 but I've done it so many times and it's just one of those things where when you

26:24 just one of those things where when you

26:24 just one of those things where when you see it happening you know it it's

26:26 see it happening you know it it's

26:26 see it happening you know it it's working or you know it's not right away

26:29 working or you know it's not right away

26:29 working or you know it's not right away right and Anthony to that point when you

26:32 right and Anthony to that point when you

26:32 right and Anthony to that point when you get to that end of the

26:33 get to that end of the

26:33 get to that end of the day let's say there is a big move in

26:36 day let's say there is a big move in

26:36 day let's say there is a big move in whatever direction do you find that that

26:38 whatever direction do you find that that

26:38 whatever direction do you find that that Trend that big move ends right after 4

26:42 Trend that big move ends right after 4

26:42 Trend that big move ends right after 4 o' does it does it oh it goes a few

26:45 o' does it does it oh it goes a few

26:45 o' does it does it oh it goes a few minutes after the open too just that

26:47 minutes after the open too just that

26:47 minutes after the open too just that thing could just keep moving man I mean

26:49 thing could just keep moving man I mean

26:49 thing could just keep moving man I mean it it's just one of those things where

26:51 it it's just one of those things where

26:51 it it's just one of those things where you

26:52 you

26:52 you know they got to fill their orders right

26:55 know they got to fill their orders right

26:55 know they got to fill their orders right they gota they got to fill them man and

26:57 they gota they got to fill them man and

26:57 they gota they got to fill them man and it goes to probably 3 four five minutes

27:00 it goes to probably 3 four five minutes

27:00 it goes to probably 3 four five minutes after the 400 PM Eastern Bell okay and I

27:03 after the 400 PM Eastern Bell okay and I

27:03 after the 400 PM Eastern Bell okay and I know we're running out of time here and

27:04 know we're running out of time here and

27:04 know we're running out of time here and I want to show everybody something

27:06 I want to show everybody something

27:06 I want to show everybody something really quick and so this is something

27:08 really quick and so this is something

27:08 really quick and so this is something that I'll do so like today I pulled up

27:10 that I'll do so like today I pulled up

27:10 that I'll do so like today I pulled up trade of eight which we know is ninja

27:12 trade of eight which we know is ninja

27:12 trade of eight which we know is ninja what I did was I used event contracts I

27:14 what I did was I used event contracts I

27:14 what I did was I used event contracts I bought 15 of them at

27:16 bought 15 of them at

27:16 bought 15 of them at $30 um this is my Live account here and

27:20 $30 um this is my Live account here and

27:20 $30 um this is my Live account here and you could see there's no margin being

27:21 you could see there's no margin being

27:22 you could see there's no margin being used because when you buy an event

27:23 used because when you buy an event

27:23 used because when you buy an event contract you don't use margin so it cost

27:25 contract you don't use margin so it cost

27:25 contract you don't use margin so it cost me 450 bucks which is well within my

27:29 me 450 bucks which is well within my

27:29 me 450 bucks which is well within my risk per trade so I look at that and go

27:31 risk per trade so I look at that and go

27:31 risk per trade so I look at that and go I'm going to buy them here if I'm wrong

27:33 I'm going to buy them here if I'm wrong

27:33 I'm going to buy them here if I'm wrong I lose $450 now remember I can get out

27:36 I lose $450 now remember I can get out

27:36 I lose $450 now remember I can get out of him at any point in time as well okay

27:38 of him at any point in time as well okay

27:38 of him at any point in time as well okay I'm trading him right here on the Dome

27:39 I'm trading him right here on the Dome

27:39 I'm trading him right here on the Dome you could type in for the NASDAQ EC nqf

27:43 you could type in for the NASDAQ EC nqf

27:43 you could type in for the NASDAQ EC nqf and it'll pull up all the different

27:44 and it'll pull up all the different

27:44 and it'll pull up all the different strikes you could type in uh e uh EC H4

27:50 strikes you could type in uh e uh EC H4

27:50 strikes you could type in uh e uh EC H4 and it'll get you es I'm doing NASDAQ

27:52 and it'll get you es I'm doing NASDAQ

27:52 and it'll get you es I'm doing NASDAQ today um and I bought $18,100 for $30

27:55 today um and I bought $18,100 for $30

27:55 today um and I bought $18,100 for $30 obviously I wish I bought them at 21

27:56 obviously I wish I bought them at 21

27:57 obviously I wish I bought them at 21 they're sitting there right now but I

27:58 they're sitting there right now but I

27:58 they're sitting there right now but I figured I'm going to throw $400 or $500

28:00 figured I'm going to throw $400 or $500

28:00 figured I'm going to throw $400 or $500 worth of risk at it um and if I'm right

28:04 worth of risk at it um and if I'm right

28:04 worth of risk at it um and if I'm right I'm going to make $70 times 15 right and

28:08 I'm going to make $70 times 15 right and

28:08 I'm going to make $70 times 15 right and so that's what I'm going to make because

28:10 so that's what I'm going to make because

28:10 so that's what I'm going to make because my risk is that for that and so they

28:12 my risk is that for that and so they

28:12 my risk is that for that and so they because everything will close at a 100

28:14 because everything will close at a 100

28:14 because everything will close at a 100 now um for these event contracts okay so

28:17 now um for these event contracts okay so

28:17 now um for these event contracts okay so I want everybody to understand that

28:19 I want everybody to understand that

28:19 I want everybody to understand that first and foremost this is this is a way

28:21 first and foremost this is this is a way

28:21 first and foremost this is this is a way for me not to have to manage a stop

28:23 for me not to have to manage a stop

28:23 for me not to have to manage a stop because when I'll go to trade the NASDAQ

28:24 because when I'll go to trade the NASDAQ

28:24 because when I'll go to trade the NASDAQ on the close today or the S&P I don't

28:26 on the close today or the S&P I don't

28:26 on the close today or the S&P I don't want to look at this event contract I

28:28 want to look at this event contract I

28:28 want to look at this event contract I just want to know are they going to

28:29 just want to know are they going to

28:29 just want to know are they going to possibly blip up there I'm not going to

28:31 possibly blip up there I'm not going to

28:31 possibly blip up there I'm not going to have time to execute this and I don't

28:32 have time to execute this and I don't

28:32 have time to execute this and I don't want to worry about a stop with these

28:35 want to worry about a stop with these

28:35 want to worry about a stop with these they close at zero or they close at 100

28:37 they close at zero or they close at 100

28:37 they close at zero or they close at 100 you know and so you can buy your trade

28:39 you know and so you can buy your trade

28:39 you know and so you can buy your trade uh and I think this is an interesting

28:41 uh and I think this is an interesting

28:41 uh and I think this is an interesting way to do it um since the advention of

28:44 way to do it um since the advention of

28:44 way to do it um since the advention of these I I think it's you know it's it's

28:46 these I I think it's you know it's it's

28:46 these I I think it's you know it's it's a way just to buy a trade what's what's

28:49 a way just to buy a trade what's what's

28:49 a way just to buy a trade what's what's the strike on that what does it have to

28:50 the strike on that what does it have to

28:50 the strike on that what does it have to close at 18 i p 18,100 cuz this morning

28:54 close at 18 i p 18,100 cuz this morning

28:54 close at 18 i p 18,100 cuz this morning I figured you know if the NASDAQ can

28:57 I figured you know if the NASDAQ can

28:57 I figured you know if the NASDAQ can push above uh 18,25 to 18,50 I figure

29:01 push above uh 18,25 to 18,50 I figure

29:01 push above uh 18,25 to 18,50 I figure there's a chance so it's the risk versus

29:03 there's a chance so it's the risk versus

29:03 there's a chance so it's the risk versus reward I mean it's you know 333 per you

29:07 reward I mean it's you know 333 per you

29:07 reward I mean it's you know 333 per you know return on what you know so it's

29:09 know return on what you know so it's

29:09 know return on what you know so it's like I look at that and go I'm going to

29:11 like I look at that and go I'm going to

29:11 like I look at that and go I'm going to risk more than that when I'm buying

29:14 risk more than that when I'm buying

29:14 risk more than that when I'm buying Futures so this is just part of my

29:16 Futures so this is just part of my

29:16 Futures so this is just part of my allocation right and so that's the way I

29:18 allocation right and so that's the way I

29:18 allocation right and so that's the way I look at it and if it does blip and close

29:20 look at it and if it does blip and close

29:20 look at it and if it does blip and close up there but let's just face it let's

29:22 up there but let's just face it let's

29:22 up there but let's just face it let's just say we go up to like 18,100

29:24 just say we go up to like 18,100

29:24 just say we go up to like 18,100 beforehand or you know whatever the case

29:27 beforehand or you know whatever the case

29:27 beforehand or you know whatever the case may be I might take some of these off

29:30 may be I might take some of these off

29:30 may be I might take some of these off lock in profit and let the rest go into

29:33 lock in profit and let the rest go into

29:33 lock in profit and let the rest go into the close right so if they were to blip

29:34 the close right so if they were to blip

29:34 the close right so if they were to blip up prior to that if they were to go up

29:36 up prior to that if they were to go up

29:36 up prior to that if they were to go up to 60 I double my money if I sell seven

29:38 to 60 I double my money if I sell seven

29:38 to 60 I double my money if I sell seven or eight of them I can't lose on the

29:39 or eight of them I can't lose on the

29:39 or eight of them I can't lose on the trade now so it's just something also to

29:41 trade now so it's just something also to

29:41 trade now so it's just something also to think about um yeah and so end of the

29:45 think about um yeah and so end of the

29:45 think about um yeah and so end of the month that's great that's great thanks

29:48 month that's great that's great thanks

29:48 month that's great that's great thanks and again thanks for sharing your

29:49 and again thanks for sharing your

29:49 and again thanks for sharing your journey with the uh you know health

29:52 journey with the uh you know health

29:52 journey with the uh you know health issue 10 years ago the heart attack um I

29:54 issue 10 years ago the heart attack um I

29:54 issue 10 years ago the heart attack um I have more questions about that we'll

29:56 have more questions about that we'll

29:56 have more questions about that we'll take that offline but but um uh it's

29:59 take that offline but but um uh it's

29:59 take that offline but but um uh it's great talking to you Anthony it's great

30:01 great talking to you Anthony it's great

30:01 great talking to you Anthony it's great talking with you Tom and everybody um

30:04 talking with you Tom and everybody um

30:04 talking with you Tom and everybody um final thing I want to show you guys as

30:05 final thing I want to show you guys as

30:05 final thing I want to show you guys as well today before we go brought up the

30:07 well today before we go brought up the

30:07 well today before we go brought up the event contracts I want to talk about

30:09 event contracts I want to talk about

30:09 event contracts I want to talk about couple things that I'm doing on and with

30:11 couple things that I'm doing on and with

30:11 couple things that I'm doing on and with place your trades we have a contest

30:13 place your trades we have a contest

30:13 place your trades we have a contest right now place your trades.com

30:15 right now place your trades.com

30:15 right now place your trades.com um every single month we do a cont uh

30:18 um every single month we do a cont uh

30:18 um every single month we do a cont uh contest uh where you could trade event

30:21 contest uh where you could trade event

30:21 contest uh where you could trade event contracts risk-free this month I'm going

30:23 contracts risk-free this month I'm going

30:23 contracts risk-free this month I'm going to be mentoring three people in a live

30:26 to be mentoring three people in a live

30:26 to be mentoring three people in a live trading session for the winners you can

30:27 trading session for the winners you can

30:27 trading session for the winners you can go to player trades.com for the next one

30:29 go to player trades.com for the next one

30:29 go to player trades.com for the next one I'm probably going to do more of these

30:31 I'm probably going to do more of these

30:31 I'm probably going to do more of these as time goes by it's a great way to

30:32 as time goes by it's a great way to

30:32 as time goes by it's a great way to learn about event contracts I always say

30:35 learn about event contracts I always say

30:35 learn about event contracts I always say this about it when it comes to

30:36 this about it when it comes to

30:36 this about it when it comes to semigroups event contracts it's just an

30:38 semigroups event contracts it's just an

30:38 semigroups event contracts it's just an additional tool it's not going to be

30:42 additional tool it's not going to be

30:42 additional tool it's not going to be replacing micros or e- minis it's

30:44 replacing micros or e- minis it's

30:45 replacing micros or e- minis it's situational I use them on fomc days CPI

30:47 situational I use them on fomc days CPI

30:47 situational I use them on fomc days CPI days I use them on end of the months you

30:49 days I use them on end of the months you

30:49 days I use them on end of the months you know certain days where I think there

30:50 know certain days where I think there

30:50 know certain days where I think there could be a big move I don't use them

30:52 could be a big move I don't use them

30:52 could be a big move I don't use them every day you know and I don't there's I

30:54 every day you know and I don't there's I

30:54 every day you know and I don't there's I don't think there's a reason to I think

30:55 don't think there's a reason to I think

30:55 don't think there's a reason to I think that there's a time and place for every

30:57 that there's a time and place for every

30:57 that there's a time and place for every prodct prod just like right now I'm long

30:58 prodct prod just like right now I'm long

30:58 prodct prod just like right now I'm long some nasc options I'm not always long

30:59 some nasc options I'm not always long

30:59 some nasc options I'm not always long nasc options sometimes I'm in Futures

31:01 nasc options sometimes I'm in Futures

31:01 nasc options sometimes I'm in Futures it's just an additional tool you can

31:03 it's just an additional tool you can

31:03 it's just an additional tool you can learn about them there and also I want

31:05 learn about them there and also I want

31:05 learn about them there and also I want to talk about my newsletter Anthony

31:07 to talk about my newsletter Anthony

31:07 to talk about my newsletter Anthony cell.com

31:08 cell.com

31:08 cell.com everybody knows I've been putting this

31:10 everybody knows I've been putting this

31:10 everybody knows I've been putting this stuff out on Twitter on Discord now you

31:12 stuff out on Twitter on Discord now you

31:12 stuff out on Twitter on Discord now you can get in in your email it's free you

31:14 can get in in your email it's free you

31:14 can get in in your email it's free you can get my morning thoughts every single

31:16 can get my morning thoughts every single

31:16 can get my morning thoughts every single day that I put out there Market

31:18 day that I put out there Market

31:18 day that I put out there Market environment it's my strength you can go

31:21 environment it's my strength you can go

31:21 environment it's my strength you can go to Anthony cell.com click on the

31:22 to Anthony cell.com click on the

31:22 to Anthony cell.com click on the newsletter and you can learn more about

31:24 newsletter and you can learn more about

31:24 newsletter and you can learn more about it and the final thing is Mike re mini

31:26 it and the final thing is Mike re mini

31:26 it and the final thing is Mike re mini future

31:27 future

31:28 future I wanted to talk about this as well last

31:29 I wanted to talk about this as well last

31:30 I wanted to talk about this as well last thing if you're going to trade end of

31:31 thing if you're going to trade end of

31:31 thing if you're going to trade end of the months and you don't have a strategy

31:35 the months and you don't have a strategy

31:35 the months and you don't have a strategy to do it this is where the micros come

31:37 to do it this is where the micros come

31:37 to do it this is where the micros come in and you can test strategies with them

31:39 in and you can test strategies with them

31:39 in and you can test strategies with them it's much better than trading on a Sim

31:41 it's much better than trading on a Sim

31:41 it's much better than trading on a Sim because you actually have live money at

31:42 because you actually have live money at

31:42 because you actually have live money at stake you can go in there and see it

31:44 stake you can go in there and see it

31:44 stake you can go in there and see it micro Min Futures to me obviously newer

31:46 micro Min Futures to me obviously newer

31:46 micro Min Futures to me obviously newer and smaller Traders but also to test

31:48 and smaller Traders but also to test

31:48 and smaller Traders but also to test strategies can't say this enough I've

31:50 strategies can't say this enough I've

31:50 strategies can't say this enough I've tested so many strategies using micros

31:52 tested so many strategies using micros

31:52 tested so many strategies using micros it's crazy so don't forget about the

31:55 it's crazy so don't forget about the

31:55 it's crazy so don't forget about the micros awesome thanks so much Anthony um

31:58 micros awesome thanks so much Anthony um

31:58 micros awesome thanks so much Anthony um we'll be back next uh next week we have

32:01 we'll be back next uh next week we have

32:01 we'll be back next uh next week we have a great topic next week we're

32:03 a great topic next week we're

32:03 a great topic next week we're formulating um but again thanks for your

32:05 formulating um but again thanks for your

32:05 formulating um but again thanks for your time and for you the viewers we will be

32:07 time and for you the viewers we will be

32:07 time and for you the viewers we will be back here 3:15 with bars closing in the

32:10 back here 3:15 with bars closing in the

32:10 back here 3:15 with bars closing in the meantime have a great trading

32:14 [Music]

32:26 day

32:31 [Music]