Video summary
The video begins with an energetic introduction to a live day trading session on Friday, August 28th, where the host emphasizes a philosophy of trading based purely on price action rather than technical indicators. At the start of the market open, the broader indices displayed mixed performance, with the S&P 500 and Dow Jones rising slightly while the NASDAQ fell significantly; however, specific technology stocks showed divergent behavior. Notably, major tech giants like Microsoft, Apple, Meta, and Google remained strong, with Microsoft approaching its all-time highs, whereas other sectors like oil and natural gas declined. The host decided to hold off on certain option positions initially due to anticipated volatility from upcoming speeches by political figures, aiming to enter trades only after assessing the initial market reaction.
As the trading session progressed, the focus shifted heavily toward semiconductor stocks, particularly Google (Alphabet), which became the primary vehicle for a successful trade. The host entered a position in Google call options at 67 cents and managed it with precision by setting profit targets as the stock price climbed. The strategy involved scaling into the position and taking partial profits at key resistance levels, such as 80 cents and later 90 cents, while monitoring the stock's ability to break through previous day highs. Throughout this process, the host highlighted the importance of having a pre-defined plan for risk management and exit strategies, advising viewers against making impulsive decisions based on market noise or waiting until the last minute to decide how to handle a position.
The trade concluded with a significant gain when the host exited the remaining portion of the Google position after it reached 130 cents, acknowledging that while the outcome was a "beautiful trade," the initial position size was smaller than ideal. The session ended with the broader market showing signs of instability as indices rejected previous highs and political news added to the volatility, causing stocks like Nvidia and Tesla to dip. The host wrapped up the stream by reiterating the necessity of discipline and planning, noting that while some option strategies involving specific expiration dates have been underperforming recently, this was not a universal rule. He concluded by promising to return later for the "Power Hour" segment, leaving viewers with a reminder to make trading decisions aligned with their personal risk tolerance rather than following others blindly.
Read the full video transcript
[music]
Wake up. Wake up. It's time to [music]
get going. Got to catch those runners
taking off like a ruin. If the volume
spikes, then it's time to trade. Mighty
90 setting up. It's time to get paid.
Navigation trading on the mic. Time to
get focused. [music] We don't need any
indicator. Hocus pocus. It's all about
the price. Just watch it move. [music]
Manage your risks so you don't lose.
First hour of trading is all we need.
[music] Focus on the patience and forget
about greed.
[music]
Good morning everyone. Welcome to
today's day trading live stream.
Today is Friday, August 28th. Markets
are pretty flat. S&P's up two points,
NASDAQ down 70, Russell down four, Dow
up 71, all plus or minus within a
quarter of a percent. Uh, gold down a
quarter%, silver is up almost 2%. Uh,
notes and bonds a little bit red,
10-year yield up a third of a percent,
oil down 1.26,
natural gas down a third, grains are all
green, 1% or more. Euro and the pound
slightly red. Bitcoin down almost 1%
back under 80,000.
VIX contracting down about a third of a
percent. Currently at 14.46.
Yes, themeister
speaking in about 30 minutes.
So, I'm still going to I'm going to hold
off on on my Bick tranches this morning.
Um, we'll see how things shake out.
Trump speaking as well.
Uh, I am going to do a 67 at the open,
a smaller size,
and then see if we can sneak in a day
trade before the uh,
craziness starts.
If it's going to be crazy, I don't know.
The options are pricing it in.
38 point expected move in SPX, which is
much bigger than it has been. It's been
in the high 20s lately.
Got the opening bell in about 10
seconds.
[bell]
And we are off.
Off and running.
Number 211.
All
right, just got filled on my 67. [music]
Got the Russell pushing up above
previous day high.
S&P and NASDAQ
kind of rejecting.
>> [snorts]
>> thoughts on war speaking today? I think
it'll just create some whippy price
action.
NASDAQ breaking below pre-market low.
A firm had earnings, it's up 15%.
Biggest red, PayPal is down 13%.
PayPal did not have earnings.
Nebia's down three. MRNA down five. SNDK
down two and a half.
Cryptos are a little red this morning.
Chips coming down except for AVGO.
Google strong, Apple strong, Meta
strong, Microsoft strong, Tesla pretty
strong.
Microsoft been on quite a little run
here.
Only about 40 bucks away from all-time
highs.
Tesla above pre-market highs.
Google a little pull back to pre-market
high
Microsoft pulling back.
Google holding above pre-market high
here.
I'm going to add some 345 calls to my
watch list in Google.
Those are the zero day
SpaceX getting a little bouncy.
Going green.
Google kind of retracing now below
pre-market low and a previous day high.
Pre-market high to previous day high.
Meta staying strong.
[snorts]
If Google pops back up, I'm going to
take these calls.
Microsoft [snorts]
popping back up.
It's a nice little retest in softy.
chips are popping.
Holy moly.
AMD, [snorts]
SNDK, MU
S&P NASDAQ pushing [clears throat]
Russell at lows. Big rejection of
previous day high in the Russell.
NASDAQ right at previous day high. S&P a
little above.
Watching Google here.
345 calls.
I'm going to start a position here.
a little room to add 59 as my fill.
[snorts]
SpaceX up at previous day high.
Microsoft Meta pumping.
Put my first profit target at 68 in
Google,
right below highs of day.
Is that a time fly BB? Not an iron fly.
It's time fly. Yeah, I already closed
mine. I I don't like to hold it even to
expiration day, but I would definitely
close it.
Softy was the one. Holy moly.
Meta ripping
chips kind of pulling back now
filled it 68
in Google.
I got a pretty small position on here I
wanted to add but
didn't really get a chance.
Nvidia back in the red.
S&P back down to previous day high.
NASDAQ rejecting previous day high.
Russell at lows.
PLTR chopping around previous day high.
Google. Let's push it. Push it through
highs, little buddy.
Put an order at 80 to take some more
off.
chips trying to bounce back up. MU AMD.
Google ticked a new high.
S&P pop back up.
Google trying to push.
MU just took off through highs.
Amazon popping back up. Meta pulling
back, but Microsoft staying strong.
SpaceX reclaiming previous day high.
Q's new hive day.
Damian, that's a time fly, not an
ironfly. It's in the option selling
channel is where I post them.
All right. A little dip,
little index dip.
Some little
some little shake and bake just came
out.
Google shrugged it off though. That's
good.
Nvidia through lows,
PLTR through highs.
Need one more push out of Google
indices. That was quick dip.
They didn't like something.
MU staying strong. AMD, SNDK, all
strong. Intel,
stay strong, Goo.
I'll be back in one minute.
Google new highs. Still waiting for my
80 cents.
79.
There's 80 filled
indices rejecting all three of rejected
rejected previous day high now
and pre-market highs.
Not Google.
Google's bucking.
Try to get some more off at 90 cents.
[snorts]
Not as good as that moving softy, but
now soft is kind of
rolling over.
There's 90 cents. Okay,
now I just wish I had more size on.
like we do every time we have a winning
trade.
[snorts]
>> [snorts]
>> Google little pause. Pull back
Crypto is just kind of choppy.
Nvidia just bleeding.
Uh, that just depends, BB.
You know, I've got a I've got a double
calendar with the same expiration. I've
had it on for five days and I've got
barely any profit.
Actually, I'm sorry. Not that's not the
same expiration.
That's this upcoming Friday, Tuesday.
So, it just depends. Cal the calendars
with those Friday Monday expirations
have not
not been doing awesome lately.
Yeah. No, I understand what you're
saying. I'm just saying don't that's not
how it always is. That's just how
this one happened to be.
Google still at highs, still near highs.
I can't tell you what to do with your
trade. I All I can do is show you what I
did. I closed mine yesterday. So
you you know you have you're going to
have to do you're going to have to make
the best decision. Nobody knows what's
going to happen. Worsh is getting ready
to speak. Trump's getting ready to
speak. So you need to make that decision
based on your risk tolerance
or ask
Amazon kind of rejecting previous day
high.
PLTR big rejection.
Google really saying stronger than
everything else. MU it mu strong.
Intel strong.
MU pushing new highs.
And BB, it's it's really important that
you have a plan with how you're going to
manage it before you get into the trade,
too.
going forward. Waiting till the last day
and then wondering what you should do is
really not a good plan.
Google about to tick a new high.
See if the war dog wants to pump this
anymore for my runners.
The warinator.
Things are getting a little jumpy.
He must have stepped on the stage.
Q's bouncing
SNP through highs. Here we go. Little
pop pop.
Put another order at 105 if we keep
pushing.
105 filled. All right, I've got one lot
left.
What a beautiful trade. Unfortunately, I
was undersized.
S&P NASDAQ not following through yet.
A little tick through high and then a
pullback.
Tesla going through lows.
All right, I'm going to put my last one
at 130.
Got in at 58 cents
gray tie. So so neutral.
There goes Google.
Hit 121.
The options did
indices a little shaky,
little whippy.
Elliot, did you fire your Bicks this
morning yet? I'm gonna I'm just holding
off on mine.
Yeah, Bosch, use Flux. If you want the
real info,
is this whippiness okay? No issue yet.
Good.
All right, there's a little pullback in
Google.
See if it can hold hold this trend line.
Otherwise, I will bail on my last one.
S&P through lows. Russell week.
All right,
I'm going to go ahead and close my last
one.
>> [snorts]
>> So, I'm out of Google.
All right, y'all. I'm gonna wrap the
stream.
See what Mr. Wars is talking about a
little bit. Check out some other trades.
We'll be back for Power Hour later
today. Have a good one. Cheers.