Trading Session – Election Night – Live

[00:00:01.04] - Speaker 1
Yes, we're live. Hi, guys. Good evening. Good morning. For those who are connected from Europe and asia, it's about 10, 10pm Right here in the U.S. welcome, Patrick. Welcome, everyone.

[00:00:20.14] - Speaker 2
Good morning, everyone. All right, so everything is good on your end?

[00:00:29.13] - Speaker 1
Yeah, I think everything is working. Hopefully the connection holds. There might be some delay, but let's, let's see what happens. As always, guys, let's go through the disclaimer, just a few seconds. All right, so tonight is going to be very exciting. We are going to go through the next three hours with you guys. We're going to go over a lot of things, but most, most importantly, we're going to see Patrick trading lives. Here is just a quick snapshot of the situation right now. It's still like a very, very preliminary results. So we don't really have a, a lot of the big states have not reported yet. So we'll see what happens as the night goes by. As always, please send us any comments, any questions in the chat and we're going to go through everything. So during the session, obviously we'll be live training, we'll be going through your accountability, the email that we received, we'll answer any questions and most likely we're gonna try and answer, you know, try and show you like how, you know Patrick, as a professional trader would approach daylight day. So Patrick, I'll pass your screen on to you.

[00:01:54.08] - Speaker 2
Yeah, I'm at the moment in the trade, so it's, it will be a profit trade because I was placing my stop loss there. So I will tell you a little bit later about what I was observing because I'm also in Europe, in Europe at the moment. So I was wake up 1am midnight after a few time of sleep. But yeah, everything is good, everything works.

[00:02:24.22] - Speaker 3
So.

[00:02:27.04] - Speaker 1
And maybe Patrick, do you want to go through for those who weren't, weren't at the session yesterday? Maybe kind of like your setup. What tools are you using?

[00:02:37.16] - Speaker 2
Yes, yes, we can do this. We have enough time, my friends. But when I'm in the trade, I will manage my trade. So I will going through everything. So let me move my stop loss a little bit so that I save my profit a little bit. So okay, US$200 are saved. All right. So good morning, Scott. Good morning, Mike. Good morning, Sherry. Good morning, ajs. Let me know where you're from. So someone from Madrid. Hey, welcome, Sherry. I think we have the same time. I'm at the moment in German, so Germany. So for me it's also early in the morning, but it's fine. So as long we're making some good money and I'm happy for all of you who are here. So what is my trading? My trading style is more like I'm a scalper. So and I'm like to. To trade the moment. So what you can see on my screen is I move with every take my stop loss. I'm not holding my position too long. I'm love more to. To take more trades and if. If I get the pullback I'm out. So now I'm out. It was US$500. No. US$375 in profit.

[00:04:08.09] - Speaker 2
I was trading since 1am and I can tell you something. The market is now crazy. So and. And look at this. So in the mo. In the moment I was using for my nq, the NDX and the SPX levels because at. At my time when I was start trading the other levels was not there. What is my ratio? So I was converting first from NDX to NQ manual ratio with 1.00574. I will copy paste this for you in the comments so that you get it. Here we go. This is my ratio From NDX to NQ and from SPX to NQ my ratio is 3.5803 and I will explain in few minutes why I'm using this SPX to NQ. Here we go. The ratio is 3.5803. I was posting this in the comments. If you want to use this, you can use this. Why I'm thinking this is a good one because I was looking into the available data the new data at I think 7pm Eastern and there was SPX and NDX and I think I will let this now open on my shot because it was really nice protecting here the range. So you can see the high wall 0dte from spx we was holding this and then we was fighting all the time with the call resistance and the X and it's always like always the same one first push, second push here the third push what was failing.

[00:06:13.26] - Speaker 2
But after them we're getting with strong momentum with the call resistance. We was targeting the one day max spx. He was targeting the one day max and the X. But if you're looking now to. To the SPX so we have enough room to run. So we have here some room to run until we came to the one day max from the ndx. So this is the ES on this side here I'm using NDX and SPX. So my conversion rate from SPX to es I will post this in the comments. Also From SPX to ES, my conversion rate is 1.00492. Yeah. Correct. All right. So this is, this is what I'm using also I'm using here the ndx. So everything is good. Everything was working. So we are not touching the one day max on the es. This is something what I feel good. So we have room to run to the upside if you're getting news. So we're not running out over the one day max. But also what I was observing since I'm be trading since 7pm Eastern every time when we're getting a great push to the upside or great momentum to the downside, we have to handle high spreads and this is something where you have to be really careful if you be going in the market taking small position size.

[00:08:02.00] - Speaker 2
I think it's, it's one of, of a good, good point especially when you get bigger spreads than usually. And this was something what I was taking. I make it a little bit bigger for you. My trade since 1pm here I was in the losing stride and I was taking my losses here as you can see. So the, the key thing is I think is if you be in a losing, losing stride you have to take your losses no matter what because on the election day like, like what we get today, it can be really fast and, and you can be really fast in the drawdown. So taking losses early enough that, that they don't hurt you that you can come back anytime. I think that's one of the biggest key today. Fabi, what do you think?

[00:08:58.02] - Speaker 1
Yeah, absolutely. I think obviously risk management is going to be key and also I think one really good point that you made before Patrick is that the spreads are becoming wider so your risk also increases. Right. Because the market makers are charging more for, for those trades and then therefore you know your risk is higher.

[00:09:21.05] - Speaker 2
Yeah. And the same thing is also if you have targets where you normally target. Think about you have also this dispreads. Yeah. For the downside for your stop loss and for the profit target you have to handle with the spreads.

[00:09:41.29] - Speaker 1
Yeah. And I think there's a strong move in the dollar as well. I think we're getting some results from Georgia and Pennsylvania so I think you see a very strong move on the dollar there as well.

[00:09:57.02] - Speaker 2
Systeming red or green. So I don't know whatever, whatever we want.

[00:10:10.08] - Speaker 1
And Chester, feel free to, to jump in. We would love your macro perspective.

[00:10:20.22] - Speaker 2
I, I think do you, do you sent him the link and that he can come on the backstage.

[00:10:25.13] - Speaker 1
Yeah, let me send it to you actually. Good idea.

[00:10:31.08] - Speaker 2
Barlow. Red or blue? Oh man, I, I cannot, I cannot take any political discussion. I would love it but I can't. I'm not. But, but rather you know exactly my, my, my direction. So. Yeah. But Marlowe, look at this work you know back. So look at this. I was trading since I think 7:00pm Eastern. Man, some little tiny losses. This can, can take all your profits and you have to fight back. So this is something where I think every trader who's day trading was Skyping and taking really huge trades is spelling with. But I'm happy before we were starting the live trading session I'd be back in profit. So yeah, I think I was down 70k or something like this but now I'm back so.

[00:11:47.00] - Speaker 3
And.

[00:11:50.21] - Speaker 2
And, and, and let, let, let us know if you have any questions today. Use the comment. Let us make this as I said before as a team play. Balo, let me know if you want come also on the stage. So Balo is a trading body for me. Fabio, we know us many years. So if you want to come on stage, Paulo, let me know you. You're more than welcome, my friend.

[00:12:20.23] - Speaker 1
Yeah. And welcome Tim AKA Chester.

[00:12:25.29] - Speaker 2
Welcome Tim.

[00:12:27.05] - Speaker 1
Let me just unmute you.

[00:12:29.08] - Speaker 2
Oops.

[00:12:31.29] - Speaker 1
Can you hear us?

[00:12:34.07] - Speaker 3
You muted me then I unmuted me. You muted me again. But it's late.

[00:12:40.21] - Speaker 1
No problem, no worries. So yeah. So how you're looking at this from a micro perspective from your side?

[00:12:51.20] - Speaker 3
Well, I mean obviously stuff that's going on is FX markets. You already mentioned the dollar, so other pairs are pretty weak bonds. They are doing the obviously stuff selling off because as of now we have Donald as president. The Senate is red and the House is red as well. So that's a red sweep, right?

[00:13:26.26] - Speaker 1
Yeah. I mean it's still obviously early to.

[00:13:29.04] - Speaker 3
Say but yeah, it is. And yeah, but those reactions at this time of the day, I mean if I look into the futures, there's yeah. Nothing big market.

[00:13:48.22] - Speaker 2
The Russell is really nice.

[00:13:51.21] - Speaker 3
Yeah. Imagine people are still short small caps. So they all got it today and they got it pretty hard. So.

[00:14:01.14] - Speaker 2
Yeah. Yeah.

[00:14:02.22] - Speaker 1
So it seems like every Trump trade asset like bitcoin the dollar and obviously the Russell are having crazy moves right now.

[00:14:11.16] - Speaker 3
Yeah. I was also short oil because Trump is maybe in the mood to drill baby, drill, increase the production. But yeah, got stopped out over there. There's no one in the market and it's pretty choppy and ugly. I had a es long and bond shorts and that's all.

[00:14:34.23] - Speaker 2
Yeah, that's good CB and UB really moved. All right, let's take a look into it.

[00:14:47.00] - Speaker 3
I took ZN otherwise set B when you also have a straight open it's pretty expensive.

[00:14:55.19] - Speaker 1
Wow.

[00:14:56.18] - Speaker 3
Because take value is pretty high. Yeah it's completely nuts. Which shot you have Open set B or UB set to. Yeah, that's completely out of state. Completely nuked to the of core. And it makes you wonder because we're kinda. We're kinda aware of it.

[00:15:29.05] - Speaker 2
And what is at the moment really interesting is that at the one day max from the NDX is really holding. So it's. But I was going long but let's see. I think if we're breaking the core resistance I will go out. This is my. What I don't want that's going through this. I expect that we stay here in the range. But let's see As I say the spreads are going a little bit widely at the moment.

[00:16:18.12] - Speaker 3
Yeah that's insane. I had like 3 or 4 ticks in the CL this evening. Pretty wide.

[00:16:27.21] - Speaker 2
Yeah. It's really not funny.

[00:16:31.07] - Speaker 3
Also had some fights with around 400. Everything is good but you know.

[00:16:46.13] - Speaker 2
See Bitcoin 1629 at the moment. Move on call resistance ES for the SPX and here we also on the call resistance SPX on the nq. So. So let's see. Nothing crazy. I think it's. It's really important to know when you can can big in the market and when you should be trading really small sizes. So for me we was here on the one day max so there's no reason for me to take a bigger size to take I don't know five contracts, 10 contracts, 20 contracts and fighting with the one day max. So no I'm not doing this. I was testing one contract. It was not working. We're going down to call resistance. I taking my losses and. And that's fine. So. And if you be in the trade and you see some. Some one day max level no matter where you are it's. It's always be patience on this area. Especially if you want taking a trade on this area because you're battling on a breakout the best case what I was learning since I'm trading with Mentor Q is always taking small sizes if you will. If you won't be against the one day max maybe you want again the one day max minimum.

[00:18:36.26] - Speaker 2
So you want short one max. A minimum. He was fighting with this or the one day max. So taking small size and and wait until the trade is really working and momentum kicked in and this Is something what maybe saved me. So think about if I were taking five contracts and then I would taking five times the losses from 725. So everything is fine. I'm good. I'm good with this. And, and this is also the key if you're taking losses you have to be good with this. I was listening to. To you Tim. You were saying you were shopping around. He was taking a losses but I think it's. It's good for you. Yeah. Because he was knowing exactly your risk, correct.

[00:19:22.04] - Speaker 3
Yeah, sure.

[00:19:22.27] - Speaker 2
Always.

[00:19:23.11] - Speaker 3
Always. I mean it's a pretty unusual time to trade.

[00:19:26.29] - Speaker 2
Yeah.

[00:19:27.23] - Speaker 3
Especially for me because I trade always after cash open New York and this morning was seeing the spread in CL 3 or 4 ticks chopping around 75 and I think I got stopped out 80ish and but it was right. CL is way more depot now.

[00:19:50.14] - Speaker 2
Yep. 100% and I think we're getting the move when more and more results coming in from. From the big states. So but we can. We can be really good. So the. The market was moving from really nice with 100 points and more so from 24717 to 206 637. So it was already a great move. So we're getting this. So but now let's see. So we hang around on the one day max if he. If you're trading the NQ we have enough room for the spx but the Russell is more something what I be would be looking in as a second confirmation if the Russell is rising and I think it could be a good sign for the NQ and for the. For the years but at the moment nothing big happened. Maybe you can go to the. To the Russell on your trading view Fabio to see how how much room we have if you have levels there at the moment. Maybe.

[00:21:09.09] - Speaker 1
I'm waiting for the update. I'll let you know as soon as we have them. Should be the 10:15 minutes of real.

[00:21:16.20] - Speaker 2
Can you convert the SPX levels?

[00:21:20.11] - Speaker 1
Sure.

[00:21:20.21] - Speaker 2
For the Russell it will be really interesting to see.

[00:21:26.01] - Speaker 3
I mean the funny thing is Patrick, as you said because you made 100 points in Q already. Right. It's all based off the assumption we have this red sweep and everything is satisfied with Donald Trump and the Republicans. But what if the type turns right this Easy points. These 100 points can be easily reverted and we are back to 400 again.

[00:21:52.24] - Speaker 2
This was exactly where I was taking my losses where I was down 80k to today. I was down 80k because then. Then there came some other party news outside. Yeah. And Holy. The market was, was reserving really quick and I was thinking like oh, I was long and the market came down a little bit and I was thinking, oh man, if this goes now really, really big to the downside, I'll be in a big. So for this reason, boom. Take it. It's normally not my area where I'm taking my losses. When I be I think 30k, 40k, 50k down, I have a big factor. So 100k, 200k is okay for me. But in this case I was thinking like oh man, this, this can be really quick to one direction and this is, this is so key. And you're completely right. It can be really switch very fast.

[00:22:56.05] - Speaker 1
Yeah, look at this.

[00:22:57.04] - Speaker 2
Depend on the news what you get. Yeah.

[00:23:02.11] - Speaker 1
So I think Bisque suggested obviously to convert the IWM. So very strong reaction right here. 1D max core resistance.

[00:23:17.26] - Speaker 2
Yes, exactly. So this is what I mean. So the Russell is really one of the leader at the moment. So and, and if he's speaking with hedge fund managers and, and Tim, I think you know where I'm speaking with. So the Russell is at the moment the, the leader for the, for the US because it's not, not so heavy weighted from the, from the technology aspects. And if you have election or if you have other news, look for the Russell how the Russell is going and then you know, the heartbeat from America. And, and yeah, so the Russell is hitting the one day max. Boom. And yeah, perfect, perfect. How the levels are working.

[00:24:11.06] - Speaker 3
Yeah, it's always sus when the Russell is leading on the day and the others are trading water and doing nothing and then one hour later you have to move to the upside. At least for the last two weeks it was kind of always the same but in Russell it's so squeezy all the time. So. Yeah, and attention.

[00:24:44.04] - Speaker 2
But you're right. We can also plot the, the indices ticker. You're right.

[00:24:55.24] - Speaker 3
Yeah. We'll look over some FX stuff now with the levels if we have a hit or a match over there. Japanese yen already down 1.59. That's pretty, pretty awful and pretty, pretty big.

[00:25:11.23] - Speaker 1
Do you want to share your screen, Tim?

[00:25:14.05] - Speaker 3
Oh no, it's totally messy. Okay, maybe, maybe when I have the levels ready. I did nothing today. I just traded all the flow. I was way too lazy. Way too title from the day.

[00:25:37.02] - Speaker 1
Yeah. Wow. Crazy. M.

[00:25:40.22] - Speaker 3
Do you have the blue book live ticker online faio with the map or do you use the CNN thingy usually?

[00:25:48.20] - Speaker 1
I have Reuters and I have cnbc. We can have CNN too. I just took it away because I thought it was slowing down the connection because they have a live TV there. So I just. Yeah, just keep this.

[00:26:08.12] - Speaker 3
Because I Bet Bloomberg spent 100 million for this app that they built here for the elections. It's completely crazy. You can also click into the counties. Oh Virginia turned blue huh.

[00:26:21.26] - Speaker 1
On bloomberg.com yep.

[00:26:25.21] - Speaker 3
My neighbors are striking back 49, 4%.

[00:26:32.18] - Speaker 2
Oh, Trump is projected to win Utah. All right. Yeah it's really funny. I think it's this election is, is I think one of the craziest election what I was seeing but, but the first election from, from Donald Trump there was also really crazy. No one was predicting the win on the first election and then it was happened. So if it now looks like someone can win it doesn't mean that he really wins. So it's, it can be really quick in the other side.

[00:27:10.16] - Speaker 1
Yeah. So thank you Mic for, for this. So Poly market is predicting a 90% chance of Trump winning I guess so.

[00:27:19.27] - Speaker 3
If you go on full, full results below. Huh. Look at this. That's crazy. That's future stuff.

[00:27:36.22] - Speaker 1
Nice. Right. So the ones that obviously people are waiting for are going to be Nevada, Arizona, Wisconsin, Georgia of course and North Carolina. So those are kind of like the ones that obviously could potentially have an impact and why of course now.

[00:28:01.26] - Speaker 3
Florida is the price I guess deep red. But the most important thing for the election for me is it's over now.

[00:28:16.25] - Speaker 2
So for you the most surprise was half loader.

[00:28:22.18] - Speaker 3
Yeah kinda from a political perspective but to be honest I'm caring about now and maybe tomorrow for the day but for me it's important to see what markets are willing do the next time. I don't know if we have guys in the comments or in the viewer section here that are on the discord as well. I think it must be because you just can join if you are a.

[00:28:51.05] - Speaker 2
Member but you and Nevada still have lines out the door. Okay.

[00:29:00.29] - Speaker 3
I mean we, we mentioned the stuff with the VIX crush that's maybe coming in. I mean they started today sold off from 22 and I think until Friday we are sub 20s just survive fomc nothing special should happen over there.

[00:29:23.26] - Speaker 1
And.

[00:29:23.29] - Speaker 3
Then we are good.

[00:29:26.27] - Speaker 2
Oh we have next week's CPI don't forget.

[00:29:29.23] - Speaker 3
Yes CPI as well but markets.

[00:29:36.17] - Speaker 2
Then Nvidia will be kicking and it will be really interesting how to trade now the Dow futures. Many people were normally trading the Dell futures because it's, it's so they, they, they're telling it's be clear and it's so smooth and everything is good. Everything has changed now within video I have a promise to you.

[00:30:05.24] - Speaker 3
But for the, for the Dow, it's price weighted, right. It's not market cap weighted. And Nvidia with on $140 right now it's not that important. But Nvidia has huge better. I mean it can make $10 a day like Tesla in 2021. And the stupid thing right now is you can always look a little bit at dao.

[00:30:30.13] - Speaker 2
Are we.

[00:30:32.27] - Speaker 3
Having a day where people are buying more value stocks that are usually in the dao but that's history now because everything is Nvidia now.

[00:30:45.03] - Speaker 1
Yeah. And Tim, one thing for you.

[00:30:46.26] - Speaker 2
That's really. Go ahead.

[00:30:51.03] - Speaker 1
Yeah, one thing for you, Tim. Maybe like, like how do today we talked about the term structure. So as you can see over the next few days we could potentially see as you mentioned like a ball crash. So obviously that's gonna have a big impact on. On the market for sure.

[00:31:08.11] - Speaker 3
Yeah, of course. I mean we had this month entire October, bit of November, September as well a little bit with wicks always around 23, sometimes below 2070 the area and yeah, it's because much, much stuff was ahead of us with FOMC. The elections rate cut, yes or no CPIs. Of course everybody is watching labor data today with NFPs and the stuff was so crowded that you had actually a higher implied volatility than realized volatility. Right. And risk premium, the insurance for your portfolio or for your long positions that you have in the market are paid with hot dollars and if you don't need them, you may dump them. Right. And history shows that fuse bullish price movements. Best example was beginning of August with the Yenmageddon. Yeah, I named it like that but no one cares. Oh Mike, did it answer your question stuff that I have spoken about a few seconds ago?

[00:32:47.26] - Speaker 1
Yeah, yeah, I think so.

[00:32:48.29] - Speaker 3
Yeah, I think so. Yeah. 5:25. That's good.

[00:32:56.05] - Speaker 2
Uhhuh.

[00:32:57.02] - Speaker 3
Right. That's correct.

[00:32:58.27] - Speaker 2
Someone is writing that they have not the new levels. Cherry is right.

[00:33:02.25] - Speaker 1
Yeah, I think Sherry, let me check if the new levels are updated. So we're still using the converted levels from spx. The new levels should be. Should be coming in very shortly. Let me check if they're available. Can you guys hear us? Rajesh? All right, so the levels are updated guys. So obviously this new addition to the bot with the timestamp will now allow you to see the the time stamp. So we see that they are now updated to 1105. So we can actually Add the new levels now.

[00:34:16.08] - Speaker 2
Yeah, I'm fighting with the call resistance at the moment trying the long again. So let's see if it works for me or not. But it doesn't work. Everything is fine. So nothing worry. Can lose,300. Yeah, that's okay.

[00:34:44.00] - Speaker 3
So do you want to fade the roof up there Patrick?

[00:34:47.04] - Speaker 2
Yeah, yeah I'm trying to. To get the move to break out but it doesn't work at the moment. My trading idea is getting the breakout. But that's not working.

[00:35:01.07] - Speaker 3
No.

[00:35:05.16] - Speaker 2
It'S not the right time I think.

[00:35:09.07] - Speaker 3
Yeah, I would say that as well. Maybe London will do it.

[00:35:14.08] - Speaker 2
Yeah. Okay, so I'm up talls newest dollars at the moment. So I'm taking the losses there. So it's okay.

[00:35:24.08] - Speaker 1
There's a question from Shannon here. Patrick.

[00:35:31.18] - Speaker 2
Hey Shane. And how's it going? Nice to see you. Wouldn't you wait for it to take out or match the low before long? I don't know. It's. If you're looking now to the chart what he was seeing. So it's the. It could be the same picture where I was losing here. So it's. It could be that we testing one push, three push. And now let's see. So we get the puts push. Same here. It's the same story what we was getting maybe here before we can break out but it's also really, really possible that we fill the gap to the downside here. It's. But I think it could be possible that we see the same picture what we were seeing here that we ranging a little bit before some move has happened to the upside or to the downside. Yeah but I like to see the range here from the one day max to call resistance. So my trading idea is okay, take the log on the call resistance, get out on Monday max. But it was not working. I'm taking here my losses. We're breaking the call resistance. Everything is good, everything is controlled.

[00:36:46.03] - Speaker 2
Yeah and controlled risk is really key and if you be on the right side then you can go bigger but. But don't go crazy. So at the moment my. My main. My main thing is stay green, close the session with profit. At the moment I'm in profit with thousand US dollars. That's good. After I was down and now in profit. Everything is good. I like it. So for this reason only. Only safe trades and I think if you want to go long here there's a good opportunity. But if you're breaking a level, get out. Trade only your trade idea. It's not the right time for Hope that something can be going good. So now, now we come back. But there was also an opportunity that, that we touching first one day max for the spx. So absolutely no. No hope. Hope is only in the church and Sundays, but not in the market and especially on, on days like this. And I think we're getting also some warning signs from the market. And we are now in the Asia session. And I'm not so comfortable with with Asia, but look at this. So we're getting also really good on the one minute time frame.

[00:38:12.23] - Speaker 2
Good bullish. Boom, boom on the wrong side. So for this reason, stay patience, stay safe. The trading idea was working now, but I'm out. Okay, that's it. That's the game. Maybe you can go to Gold Fabio and she's cg. No, CG is not gold. Cgc. Okay. Gc. Okay.

[00:38:58.28] - Speaker 1
Yeah. So we have a. Right, Mike, thank you for your nice. Yes. We have. Trump is 59 points from 270. Okay, interesting. Yeah. So put support here.

[00:39:22.28] - Speaker 2
Okay. What is this meaning, Mike? Fabio, what is this meaning? 59 points from 270. So strategical. You're an American citizen. What could be possible? What, what he can win. So where we can say, okay, is this maybe a good opportunity that Trump can. Can win? Because there are some states where he's normally in a better position where.

[00:39:50.28] - Speaker 3
What you can see.

[00:39:51.29] - Speaker 1
I think the key one would be definitely Nevada, I think. Oh my. Sean, was it. Barlow mentioned that the polls closed in two and a half hours, so Nevada, it's definitely gonna move the needle here. And then obviously Georgia, North Carolina, these ones.

[00:40:13.22] - Speaker 3
They need points here from the guys that are actually. Yeah. Voting for the president. And the benchmark over there is 270 votes.

[00:40:25.10] - Speaker 2
Yeah.

[00:40:25.29] - Speaker 3
So this will decide who gets president. Right. And then you have also like Germany and the Bundestag, the seats in the Senate and in the House. That's the whole point.

[00:40:37.22] - Speaker 2
Adults me about Germany. Come on. Oh, I have to mess up better.

[00:40:43.11] - Speaker 3
I have listened to the news a few days ago and I was like, oh my God, poor family. I have to get them out. I think they are.

[00:40:52.21] - Speaker 2
Yeah, man. But we get also new votes really soon in Germany. So then we can make a live trading session for the decks. All right. So joking at the end. All right. Yeah. I think we can have better moves if we know who will wins. Check the dollar, guys. Okay, let's go, Fabio.

[00:41:18.17] - Speaker 1
Yeah. One second.

[00:41:24.19] - Speaker 3
Yeah. New high.

[00:41:26.22] - Speaker 1
Wow. Crazy move.

[00:41:32.29] - Speaker 2
At this.

[00:41:34.00] - Speaker 3
What says the Mexican peso? Is it a little bit down? Oh, just 3%. Why not.

[00:41:44.15] - Speaker 1
I'll pass it on to you Patrick in case you have some actions.

[00:41:55.06] - Speaker 2
Oh then then. So I'm in holidays at the moment and in the city where I'm out. So they was changing his currency into US dollars few days ago because they would scare about that the US dollar will be rising and so now it looks like they was right.

[00:42:19.02] - Speaker 1
Yeah.

[00:42:23.11] - Speaker 2
And. And. And you cannot imagine how bad big. How big was was this on the bank side? Yeah. How many people were staying there and and one change US dollars in. In this local currency. It was. It was crazy. There was hundreds of people on the bank who were only changing the currency into US dollars. It's crazy.

[00:42:46.07] - Speaker 3
So. So there were basically swap traders or carry traders in real. Yeah.

[00:42:55.28] - Speaker 2
Someone in the chat so amazing. It's. Look at this. It's so crazy.

[00:43:00.13] - Speaker 3
So some of the chat was mentioned gold. It's a good sign with this moving dollar that gold is holding up pretty well. I mean it's basically flat over the day. Still a long term long gold. That's the point because there was a question about the put support seems to hold 740 ish. So also the lows from yesterday wouldn't short that to be honest.

[00:43:46.19] - Speaker 1
Yeah. Thank you Mike for your contribution.

[00:43:58.21] - Speaker 3
Trump will bring up inflation and bond prices down. That's consens in the market. Or we make a new low in bonds below my take profit. But that's okay. Don't care. Don't do stupid things when you have made money.

[00:44:22.14] - Speaker 2
Yes. I'm also sold for a long trade. I. I was. I don't know. I fighting all the time of the call resistance so I want to break out but I don't get it so. And also I'm not patient enough. If I have no profit I will taking my profits. I'm too old. I'm too long now in the market so I don't want taking stupid losses and it's not my trading style. I'm really quick in and click out. That's it.

[00:45:01.10] - Speaker 3
Or your spread. That's crazy.

[00:45:04.10] - Speaker 2
Yeah. Yes.

[00:45:06.01] - Speaker 3
It's jumping around.

[00:45:07.14] - Speaker 2
Wow.

[00:45:09.02] - Speaker 3
What's that 91 90.

[00:45:12.08] - Speaker 2
I told us I told this early before so that's crazy.

[00:45:17.23] - Speaker 3
I don't have it like that.

[00:45:20.15] - Speaker 2
But this is the trading view spread from. From the newsfeed from trading view but on my side I have also big spread. And here we go.

[00:45:30.15] - Speaker 3
I have two points spread pretty stable. Yeah. Big question is what happens tomorrow 9:30 right?

[00:45:42.18] - Speaker 2
Yes.

[00:45:43.12] - Speaker 3
Your overnight inventory is big big up. If nothing special happens what do you.

[00:45:59.02] - Speaker 2
Yeah.

[00:45:59.08] - Speaker 1
And guys also if you have questions, don't. Yeah, just send them in the comments as always.

[00:46:14.01] - Speaker 2
And again, if a trade not working, take it trading only the trade idea. So the time will come so the, the election is not done where you can make the big move. So what I was learning from, for many hedge fund managers when we were speaking about risk management and I was talking to many, many hedge fund managers taking all these small losses and then sometimes you need only a, a big move where everything is be on your side. And this was happened today also for me. I was down because I taking small losses. Small losses, small losses, small losses. But then the big move was happened and it's, it's the same theory now. So I was, I was battling in, in this shitty area here. So it's, it was a mess. I know if you're looking backwards, it was a mess to trade, take trades here. But we cannot predict the future. Yeah. And then happen. Yeah. And then the big move has happened. So if he was able to taking the losses really quickly, only tiny losses and then you catch the big move, then you'll be back on the winning side. And this is one of the critical thing, what I was learning on the hard way.

[00:47:31.09] - Speaker 2
Taking small losses, everything is fine. And then you will get the big move when you come back. And this is one of the major keyword I can give you today. And, and you see I'm, I'm already green one. It's okay. I'm not in the red. So waiting for the move. And when this has happened, take it and then you will see, you'll be really quick on the Prof. Zero hatch comment. It's too late to get Joe to run. All right.

[00:48:22.01] - Speaker 3
He's bearish all the time.

[00:48:33.05] - Speaker 2
So we're making lower highs at the moment. If you're looking to the one one minute. If you're switching to the 30 minute, it's. Yeah, it's, it's crazy.

[00:48:52.11] - Speaker 3
NASDAQ futures, they have like 10 or seven contracts on the pit and on the offer. And sometimes there is nothing for six or seven points, just no one. So there's no liquidity, obviously. But I still have these big, big moves. That's a good lesson actually, that low liquidity doesn't mean stuff can move. Right?

[00:49:36.16] - Speaker 1
Right. So the New York Times just gives Trump an 86 chance of win.

[00:49:59.13] - Speaker 3
And I think that's also the stuff the market wants to see or wanted to see. But it's actually a good story behind Sam Bankman, Fried friend. What was the name of this guy? Sam Bankman Freed Yeah, the crypto dude. Yeah, that should went to prison from ftx. He was an employee at Chain street in the last election circle. And they predict the election completely. Right. In the night of the election they were up $350 million. That's what the article has said. But they hold too long into the cash session and they were down 750 million.

[00:50:54.25] - Speaker 2
And when the next words, the next poll came in how much minutes we have 10 minutes.

[00:51:01.24] - Speaker 3
10 minutes.

[00:51:06.28] - Speaker 2
So this means we hang around 10 minutes. Minutes in this area.

[00:51:10.05] - Speaker 3
It's then Washington, California, Nevada, Idaho.

[00:51:18.17] - Speaker 1
60 volts.

[00:51:24.00] - Speaker 2
I will update my shot. Can you use your trading view at the moment? I think the new levels are there now. So let's take a look into it.

[00:51:38.20] - Speaker 1
So let's go get the blind spots as well. So if we go.

[00:51:43.21] - Speaker 2
Yes,

[00:52:16.10] - Speaker 2
If you be there, let me know how it. How's going on your side. You're only watching or you're taking also some trades. Marlowe, let me know what's going on on your side. Yeah, perfect.

[00:52:47.09] - Speaker 1
Right.

[00:52:48.13] - Speaker 2
And don't take so much trades. Paulo, I was following also on the trap to taking too much trades today.

[00:53:02.15] - Speaker 1
So I think the question from this. If you convert SPX and SPY into other. Yes and Q, do we still need blind spots? The blind spots will consider more correlated assets. And as you can see here, we have strong confluence of BL1 and 1D max. So I would say you can. I mean. And then Patrick and Tim let me know what you think. But you can still use them as confluence areas and confirmation.

[00:53:33.13] - Speaker 2
Yeah, and I think what people have to understand is that the blind spots are not only the correlation between SPY and spx. So that's a mistake Looking to many other assessed not only to SPY or SPX for this reason. Yeah, you can use the blind spots already. Yeah. Yeah. Let's go. Amazing.

[00:54:12.13] - Speaker 1
Can I go back to your chart Patrick, or.

[00:54:15.27] - Speaker 2
No, I'm. I'm not ready updated it, but no worries.

[00:54:19.13] - Speaker 1
Okay. Okay. Sorry, just.

[00:54:44.14] - Speaker 2
You're back.

[00:54:46.07] - Speaker 3
No, was cut off.

[00:55:01.20] - Speaker 1
And for you, c.j.

[00:55:03.20] - Speaker 2
Slowly.

[00:55:08.19] - Speaker 1
What are blind spots? Cj, if you go back to our website, go under your. Your account dashboard and other guides and we'll go through also this during the session. But we have basically a lot of documents right here that you can use in the meantime if you want to read through them. And then if you have any questions, let us know.

[00:55:35.06] - Speaker 2
But we can. We can speak about the blind spots at the moment. So there's no move in the markets. I think we have five minutes left until we're Getting Newports in. So what are the blind spots? So the blind spots are coming from the idea that most of the time many traders looking to too many shots. They're looking for spx. If you're trading nq, you're looking for spx, you're looking for the wigs. Maybe you're looking for the Magnificent seven and all the stuff. And at the end you have many lines on your chart. You have lines on spx, lines on the Magnificent seven. Lines there, lines there. And, and this, this is not, not, not so good. And it costs you time to react, especially as a scalper. As I said, I'm, I'm the one rules are quick in and quick out. And this is why I came with the idea to have to develop blind spots so that we looking to highly correlated assessed and building only one level for the NQ for this. And this is now the concept of the blind spots. I think a really, really short story. I'm already updated this for you.

[00:57:43.17] - Speaker 2
The Russell up 2%. Okay, nice. But Russell get no momentum. It's the same like what we have on on our side now we see no momentum. So the Russell was a little bit higher. Fabio, Sherry is asking. Oh, you see it all right.

[00:58:05.15] - Speaker 1
Yeah. So yes, Sherry, they're already in the file and you can control if you want to plot them by using the custom level or the CL settings on NinjaTrader. So they are already there. All right, thank you, Mike.

[00:58:47.29] - Speaker 2
94%.

[00:58:58.09] - Speaker 1
Cj. We do have a plan but there are limitation with the platform. So Tinko Stream is a bit challenging for integrating external studies. So we are working to see if there is an option. We have other priorities first. So there's a few other platform that we want to develop first but tinkorswim is definitely one of the ones we have on our list.

[00:59:37.00] - Speaker 2
To get a little bit momentum. Also. How I'm calculating the ratios, what I'm using, it's really simple fab. You can. Can you show the people how you. How they can take the ratios and in real time?

[01:00:00.03] - Speaker 1
Yeah, absolutely. So in real time, basically what you can do is you can use here on Trading View you can actually auto calculate the ratio. So in order to do that, if you guys are not familiar, you can add a symbol and you can add your ratio. So you add your formula.

[01:00:24.29] - Speaker 3
And then.

[01:00:25.08] - Speaker 1
You divide it by whatever asset you want to convert. So if you want to convert QQQ or NDX and then basically the system will automatically calculate it. So you can actually monitor this in real time. So I think What Patrick was doing as there is a lot of volatility, you kind of calculated this using kind of this formula and then you came up with the value that here we have at 41.75. And this obviously changes throughout the day. So obviously the market is now closed. So you need to take this when the both assets are trading so that you get the actual value. But yeah, this is kind of like the way you would do it. And then on the, on the indicator you simply modify from auto ratio to manual ratio and then you add that value value right here.

[01:01:21.27] - Speaker 2
Yeah.

[01:01:30.12] - Speaker 1
Yeah, yeah. And Jeff, as a best practice, just remember always the futures trade 245 and indices and stocks trade only 930 to 4. So you want to calculate the ratio when both asset, when both asset are trading. And then obviously you can do it at the open, you can do it at the close. I think those would be the, the best practices.

[01:02:01.13] - Speaker 2
Yeah, but if you, if you're talking about the indices, I think if you want convert the indices also in real time you can use on trading, view the. Indices. So the NDX spread then you can use this also for conversation. Then you get it also.

[01:02:25.29] - Speaker 1
Okay, so California, Harris one. California. So here we see the updated pause right here. So obviously California is one probably the biggest state. You know how many, how many seats they have, Tim?

[01:02:46.26] - Speaker 3
Four.

[01:02:48.26] - Speaker 1
No, no, we'll ask Mike. I'm sure you know us.

[01:02:58.07] - Speaker 2
54. Oh.

[01:03:03.29] - Speaker 1
Yeah.

[01:03:09.15] - Speaker 2
54.

[01:03:10.26] - Speaker 1
Yeah.

[01:03:11.08] - Speaker 2
Over 50. Nice. How much seats have Hawaii? 2. And this is my longest night session ever. We're invading Asia. Holy.

[01:04:00.02] - Speaker 1
Hawaii has four. Okay. And Nevada is six. Okay, thank you guys.

[01:04:11.06] - Speaker 3
But it's already stalling up there and every market does the same. Well, Russell came back a little bit more.

[01:04:23.18] - Speaker 2
I was now a little bit down. 198. Yeah.

[01:04:28.24] - Speaker 3
Wouldn't be surprised that London will take it in a few hours. Up again the US Cash session down and then up again.

[01:04:44.00] - Speaker 2
Easy spoken, easy spoken. But how many people flowing now their accounts during the second? Easy spoken.

[01:04:55.19] - Speaker 3
But to be honest there is a little bit of pattern behind because the overnight stuff, some market makers I know they hatch overnight, some they do not. And their books will look a little bit different tomorrow right when futures are up like this. And also the SPX will open with up gap so they have to work actually for the money.

[01:05:22.03] - Speaker 2
But I hope that every retail trader is positioned himself very well because I know many people cannot trade pre market and after hours that they don't get any surprise when the market is open. Yeah.

[01:05:51.12] - Speaker 3
I mean NASDAQ made 300 points today already. And we just needed 67000 contracts for this, so.

[01:06:13.03] - Speaker 2
And again, it's so nice, Shannon. Exactly what I mean. So we holding the call resistance. So I have the feeling we were repeating the same story what we was having before when we was between high walls udte and core resistance. That's feels like a little bit the same stuff at the moment. She's gonna lose Pennsylvania and then it's over. My prediction, Marcus. Ah. I have to promise Fabio, I I should not be emotional when we get votes so. And become not.

[01:07:01.06] - Speaker 1
So. So Patrick, just to ask you a couple of questions on your setup there. So obviously you are waiting for the break to the upside. How would you play?

[01:07:11.06] - Speaker 2
Yeah, I'm waiting for the break, but if we're getting the downside move and be also ready. Okay, so question. But my prediction is at the moment more to the to. To the upside because we have strong momentum. I will not fight the momentum as usual. But if we going a little bit below because when we're looking now to. To the SPX to the es. Sorry with the SPX levels. So we. We come here in the range. So let's. Let's map this out. Here we go. Where's my mouse? Here's my mouse. Here we go. We have now here the range where I'm not really like. So it could be happen that we stay between the range from the call resistance to one day max here and this will be also meaning that we staying here in the range. So for this reason at the moment I would be like more if we're getting the upside move because I don't want be hanging around here again for the upside move. I see much more opportunity for us. This is why I'm like to take the up the up move because here we have more room to run.

[01:08:40.02] - Speaker 2
This is. This is what I'm thinking and I'm hoping again. Hoping is in the church and yeah, I'm looking for the breakout correct cherry. I think if we're getting pulled so we need only strong momentum. We need only strong two strong candles like what you see here on the one minute. So that's strong bullish candles. If you're getting. If we're getting this again, we break easily through the call resistance here and then we can target the area here. And I think it could be possible. But at the moment I don't like this area. I was trying this one time, two time, three times, four times, five times. I met the moment break even 150 US dollars in profit. So I'm. I'm patience now I'm. I'm waiting for my setup. If my setup, I'll be there. If not. And I think Fabio, one of the most important thing is. And Tim, maybe you can be agree with this also. No matter if we taking today some losses. If this is small losses and not having any financial impact on you. The losses. And also if you. If you break even and not taking so much profits.

[01:10:16.08] - Speaker 2
The experience what you get is much more have much more value than any profits. So I like days like today where you can grow with experience. Profits are perfect. If you're getting profits no matter what. That's. I love this. But the experience what we gain on days like this. This is. You cannot pay this with any profits.

[01:10:44.06] - Speaker 3
Yeah, that's pretty true. And wise worlds.

[01:10:52.16] - Speaker 2
Yes. Paulo, I get. I get your point. I. I have also the. The slippage of mine. It's not funny.

[01:11:06.19] - Speaker 3
And stay out of those ranges. There's a neighbor. There's a little bit of selling in Q futures but they don't made it below 570 65. There's buying and sellers are 590, 600 of course. But the top, the top is very weak. That's pretty cool because no one took a big incentive over there to short 650, 640. So then maybe try it again.

[01:12:14.24] - Speaker 2
Yeah. And. And that. That's exactly my point. Why you should short the strong momentum. You would be in stupid if you're doing this.

[01:12:21.28] - Speaker 3
Yeah. Momentum goes over everything like this. That's right. Yeah. For the guys working with volume profiles they all shifted up already. And then q it's around 586 below there's nothing. Same goes for ES Dow as well. That's always the area where much stuff has been traded.

[01:13:07.28] - Speaker 2
Volume is a little bit down now. So not so much volume at the moment. Also the spread and it's not really likable. Maybe now my trade is working from the call resistance long. But see.

[01:13:28.29] - Speaker 3
So now they are coming in. But again you have basically two minute candle with some BIOS at the bottoms in between. There's nothing really stretch. They always failed at 600. We are there right now. Some stops have been taken out because there's big on bid. And there we go. What did I say with the highest 650.

[01:14:17.23] - Speaker 2
Well.

[01:14:23.18] - Speaker 3
I guess your trade worked out Patrick about.

[01:14:28.20] - Speaker 2
So small profits. I think 270 US dollars. All right. At the end. I get it. I was not able to taking big size. He was not there. So I have also to to look into the liquidity here. If you're taking a little bit bigger position, it's. It's not so funny when you have no liquidity. I think one contract, two contracts maximum five contracts. It's at the moment a good size, but not going heavily at the moment. It's making no sense.

[01:15:05.15] - Speaker 3
I bought 600, just one contract. Nasdaq. Let's see.

[01:15:09.17] - Speaker 2
Yeah, 600 is really nice. Yeah. So I was buying on 500 some. Some shares and then I get chicken. When are we getting the big move? So I was taking my wins too early, but so we are now on round numbers. So it's the same when we in the market on. On New York. Yeah. So if you're getting the 500, 600, 700 areas, we were fighting a little bit around this, but most of the time we're getting some push for 20 points points or something like this.

[01:15:39.21] - Speaker 3
Yeah. But now there's actually. There's actually buying since around six minutes, but it's chopping around pretty hard. Having a very good look at the.

[01:15:49.29] - Speaker 2
Russell again, look at the rest. If the Russell is not losing the momentum now, I will say it's a good point. 2.25, 2.24 at the moment. So I hope that the Russell will not losing momentum. Then we're getting something. 2.278. Let's see. Maybe we will see. Six. Six. Do you think we get six. 6,000 points on. On. On the Es Fabio.

[01:16:38.20] - Speaker 1
6,000. Let's see. Well, that we have a big course. So we have a big core resistance for SPX or 6000.

[01:16:47.23] - Speaker 2
So do you think we. Do you think we. We touched this today? The 6,000?

[01:16:55.26] - Speaker 3
No, Friday.

[01:16:57.13] - Speaker 2
Yeah, on Friday after Paul. Paul will push us. Nice.

[01:17:06.23] - Speaker 3
Because you have next rate cut. Everything is good. Why be a bear? Does not make sense.

[01:17:21.13] - Speaker 2
And do you know, I think on the live call, when we was on. On YouTube today or yesterday, depend on your time zone, someone was asking, hey, Patrick, do you. When we getting bad news, do you think the market comes down? And I was not answered this because he was not showing this Fabio. But I will answer this here in the call. And the best case what you can do if you have bad news or good news is watching. Market makers when they're giving you interviews, what they thinking about the market. If they. There's absolutely no reason to go short, then there will be no reason to short. And this is something what I'm following also. And I give you one example. If you're looking to YouTube or I don't know if you're looking to Twitter, sometimes people are really bearish and they say yeah, this will be a bloody situation and save the post and this will be happen. So they post this for example last month and now we're getting maybe a down move move and they say I was predict this down move. This is one month later and it's only maybe one day or two day and then we come back.

[01:18:50.02] - Speaker 2
So at the moment everything is completely bearish. If the news are bad, it could be happen that we won or two or three days down for the indices. But most of the time it will come back.

[01:19:04.29] - Speaker 1
And also I think Patrick, this one is actually an interesting chart, right? This is the new levels on ES. So you see this big core resistance here at 6,000. So like big wall right here.

[01:19:26.24] - Speaker 3
Let's get. I was actually looking at the same but for spx.

[01:19:31.23] - Speaker 1
Yeah, exactly. So Ari, to answer your questions, if you look at even every command right now there is a timestamp. Now so you see here that we have a timestamp. Always remember the levels right now are end of day. So the time step that you see is November 5th. So that means that the levels are updated. If you also want to look at the charts, if you open the NetJax chart and you type in yes, you can also see the timestamp right here. So you see that the timestamp is 1105. So that would tell you basically that the levels are up to date. Because we have end of the data when we release the intraday, then you'll see the different timestamp in time throughout the day. We always use the est. So the New York times zone. So whenever you see a timestamp is always going to be on the exchange time zone. So. Yeah, and then when should we be using auto ratio versus manual ratio? I think as a best practice.

[01:20:41.02] - Speaker 2
And I noticed that.

[01:20:47.05] - Speaker 1
Yeah, go ahead, Patrick. So we're a little bit delayed I think.

[01:20:52.16] - Speaker 2
Okay, no worries. When you notice that we have different levels, it's. It's really depend on the ratio. And maybe you was not listen to the beginning and, and you was tuning in. Now first of all, you're welcome. My auto ratio when I'm converting The NDX to NQ is at the moment 1.00574 and my manual ratio from SPX to NQZ is at the moment 3.58103. The ratios is from 1. So we will be speaking about Eastern Time at 7pm Eastern Time where I was converting this live and manually. So but the ratio can be changed now. So if you're doing now the auto ratio, they have a different outer ratio. If you want using real time ratio and doing this by yourself, maybe you're getting also a different ratio and the different ratio brings different price levels. So that's one thing why people having different levels if they using auto ratio or using manual ratio, it could be a little bit different. Okay, go ahead Fabio.

[01:22:20.29] - Speaker 1
Yeah, no, just to go back to the question Ari. So as the best practice you should always look if you're using manual ratio look at the same time. So if you take for example either a real time price ratio, you take the closing price. Always take the 4pm closing price for SPX and Yes. Or you can take the 9:30am opening price for, for the assets. So whenever at 9:30 you take the price of yes and the price of SPX and you calculate the ratio. And that also can give you like a better like accuracy.

[01:23:01.26] - Speaker 2
Yeah. Ali, where you from? You you tune in now let us know how we can help you. So if you be a new user. Oh it's cool. So you can ask any question now we have a little bit time around on some price area and not watching so much the shot to getting a better fresh mind.

[01:24:15.21] - Speaker 2
But maybe Fabio, if we have now a little bit time. I think the, the new ports will be coming in 30 minutes or six minutes.

[01:24:27.26] - Speaker 1
Let me see.

[01:24:32.08] - Speaker 2
Nothing crazy before this.

[01:24:41.19] - Speaker 1
Let's. Yeah, I don't see when they're gonna come out. Let's see. I don't know if Tim, you have what tool you use to watch that.

[01:25:03.26] - Speaker 2
I think CNN have the counter on this website where the next pulse.

[01:25:10.18] - Speaker 3
Yeah the blueberry thingy just gets refreshed every minute.

[01:25:22.04] - Speaker 1
Okay so we have next data update. Okay.

[01:25:31.10] - Speaker 2
Okay. With to answer your question, what is the best auto or manual ratio? I use auto ratio and check aftermarket or open or analyze with 80 real time shots. I like your question because I think it's like do you, it's. It's a revolution. Do you like more Apple or do you like more Android? If you're speaking about smartphones and I'm, I'm be a big fan of this. This is not mathematically correct what I'm using. Sometimes I'm using fixed ratio. I have a fix out manual ratio but I not, I not change this. So it's this mathematical correct. No, but if the levels giving me some nice information. Yes. There are some other people who are using more like auto ratio. On auto ratio you must know when they will be calculated again. I think it's one minute after the New York Open correct Fabio?

[01:26:29.05] - Speaker 1
Yeah. 9:31.

[01:26:31.05] - Speaker 2
Yes correct and then your levels can be changed on your chart also if you notice and you'll be aware of this. That's. That's perfect and if you're trading only the New York session then auto ratio is the best what you can do. If you're trading the London session or Asia Asia session I will say to you use manual ratio going in the market life and then convert this so if you converting indices. Looking for the Indies for. For calculating for the ratio that's what I would doing and saying but it's really a religion Some. Some people liking auto ratio the other people liking manual ratio Other people like me they're using fixed ratio but to stay mathematically correct I think it's using auto ratio or using manual ratio but calculators will.

[01:27:37.28] - Speaker 1
Thank you Barlow. Good night.

[01:27:50.07] - Speaker 2
But with what what do you using most of the time where you feel be comfortable and maybe for the other one who are now listen to us maybe write a comment what you are using most of the time. Auto ratio, manual ratio, fixed ratio and let's see what what other people using. And if you want squeeze our our support then ask the question about how the manual ratio is going. I think this is why we have the indicator with the auto ratio because for a few weeks and few months we're getting so many questions I think every day 5, 10 questions about how to calculate the manual ratio and why are the levels different?

[01:28:44.03] - Speaker 1
Yeah yeah yeah it's literally pure, pure, pure mathematical you know like very, very simple calculation of you know the last price of one asset divided by the other one.

[01:29:00.18] - Speaker 2
Yeah yeah we have now two people were saying auto. Yeah auto is good so. But if I trading European time or pre market I'm not a big fan from auto ratio but yeah it's good. And again I think personally there's no right and there's no wrong what you should take auto or menu ratio it's at the end if you. If you be profitable and if you make money perfect but you can be sure that if you're posting some screenshots and you're using manual ratio in the community people were asking you why the levels are looking different. So we hang around him on the 2600 nothing crazy happened.

[01:30:11.13] - Speaker 3
Yeah it's like torture. I would maybe say that's happens priced in I don't know I have a.

[01:30:44.20] - Speaker 2
Buy stop on 20650 so if you're getting the breakout I'll be there if.

[01:30:56.08] - Speaker 3
Tiny stop Loss still hanging my long but doesn't look that good. $50 down. 70 up. 100 down. 40 up.

[01:31:07.21] - Speaker 1
You are in a trade, Patrick, right?

[01:31:09.16] - Speaker 2
Yeah, no, I have a buy stop on 206, 650. So I get filled when we touching. 206 50. So no, no trade at the moment. So becoming more and more green now I get food.

[01:31:38.01] - Speaker 3
There we go.

[01:31:40.08] - Speaker 2
And I save my trade so that I'm not losing anymore on this trade. Oh, here we go. Boom. I'm out. So quick in, quick out. How much profit was this? US$90. So this means one pizza in New York.

[01:31:57.19] - Speaker 1
Yes.

[01:32:05.17] - Speaker 2
So yeah, but, but if I, if I'm using bigger position size, If I'm using 10 contracts or five, five contracts or 20 contracts and, and this is one of my strategy, getting one of the pushes and maybe hold this if the momentum is going and then get out. If you're taking 5k, 6k, 10k profits, take it, don't let it run. Take the profits. And I was using this also with the one contract but it was US$90. But if I was using maybe now 10 contracts it would be 900. If I was were using more contracts I was getting much more. So at the end. So this is what I'm doing most of the time, getting quick in getting click out and this is how I, how I'm be successful over all the years. And, and the cool thing in trading is Tim have a different trading style. Bob, you have a different trading style. And I don't know how many people listen now, but let's say if 50 people listen, we're getting 40 different trading strategies there also.

[01:33:10.00] - Speaker 1
Patrick, I think, I think Trump won North Carolina, so you might want to what? Stay put.

[01:33:19.16] - Speaker 2
Stay put.

[01:33:20.22] - Speaker 1
Yeah. North Carolina I think is coming out. So that's one of the big swing states.

[01:33:26.17] - Speaker 2
Oh.

[01:33:30.22] - Speaker 1
Yeah.

[01:33:34.27] - Speaker 2
What is the air? All right, so cjj, what is the air? So if I speak really honest to you, I give a, about the risk reward. I really give a. About this when I be in the market. And, and here's why, why, why I'm giving a about before I get shitloads from you. So for me it's, it's not important. I have only one single rule and I was, I was talking about this, I think one hour before I'm, I'm using this what the hedge funds I'm using. Taking your losses very small. And if you're getting the move, make sure you get the move and ride the wave and, and then you'll be good. And I know exactly how much I can lose and how much I can make if I be on the, on the winning side. And I have not to calculate risk rewards. This is not me. If I see something, boom, I getting in. I don't calculate my risk reward. I don't need this. But if I be at the end of the year and, and we can track all my track record, then I will look into my states and most of the time my, my risk reward is I don't know, two to one, three to one, something like this.

[01:34:59.08] - Speaker 2
But in, in the trade. No, I'm. I'm not focusing on this. It's. For me, it makes no sense. For me makes only sense to manage the trade very well. So if you be in the loss, take it. And if you be on the inside, make sure you, you're riding the wave. My question is, do you have a stop loss for scalping? I like your question. Yeah, I was having a stop loss on this. I was saying to myself, okay, I'm risking. If I be wrong because I at the moment only in small profits because nothing. But if you're looking to my account size. So it's 2 million. It's my private account. 2 million and 413k at the moment, I need no stop loss. Really, I'm. I'm in a good position that I normally not need and stop loss. If I trading only one contract, why I should place and stop loss. So if I'm losing thousand US dollars. Okay, fine, it makes no sense for me. I'm. I'm in the good position. I can say this, that, that this makes no sense for me. But if you be trading a top step account, if you're trading a small, small account, if you're trading other problems accounts, you need this because that's their rules.

[01:36:39.14] - Speaker 2
You have to follow their rules. But again, the good thing is it's my private money and I can do whatever I want. And yeah, this is which is the.

[01:36:49.21] - Speaker 3
Best point, trading your own money. You can do what you want.

[01:36:53.03] - Speaker 2
Yeah, but stop losses for Tim, to be really honest, if. If you're trading one single contract and you have 2 million account, why you need a stop loss if you see that the trade doesn't work and you're down thousand US dollars, you take, take it and it's fine.

[01:37:06.12] - Speaker 3
Yeah, it's always a personal thing. I mean I use them for the swings. Obviously a little bit wider for intraday. Always stop loss. But I have like the third of your size.

[01:37:25.23] - Speaker 2
I will not, but I will not advise any one of you. I'M not a financial advisor but it's only, only my perspective to use the trading style what I'm using I'm also teaching other trading style having stop loss having a good risk reward. It's really important. If you came to the point where you have enough capital on truth trading then you can trade at the end your own training style but developing first really good habits and trading and then go for. And this is, this is, this is what matters. Yeah.

[01:38:09.04] - Speaker 1
We have a question from this. I don't know if you want to take that but.

[01:38:14.10] - Speaker 2
Why did you close your long position too early? It's that the Zudt call resistance. So that, that's a good point. So I think first you have to understand my trading style. My trading style is if I be in profit and if I see I getting a pullback I will not losing my profits. This is because I was learning this truth investors they don't want lose money. I can come in, I can come, I can in the trade again. So and, and it was a good point that I going out so we came down so otherwise I would be in a drawdown. So my, my mindset is if I get a pullback I getting out I'm safe my profits because I can, I can come in in the trade again. So it's not that I'm losing the trade of course here I was 3, 5, 6 time in the trade again, again, again, again and out in, out, in, out. I was losing something. Okay, I was losing some profits here 1 100% but most of the time on, on days like this where we hanging around on some areas. I will do my, I will do my.

[01:39:31.10] - Speaker 2
I will do my make my money and I save my money. Why don't you play options? Oh it's a good point. Why I don't play options. I have not. I have no idea about trading options. I'm not an options trader. I don't know. It's really hard. So and, and again. My main story is it's starting 20 hours. So I was a day trader. I was starting trading with stocks and, and you're getting the price action. Then I came to the penny stocks world where you get crazy moves. Then I came to the futures world where you get also sometimes really crazy moves. And I feel like on the options you have to be a little bit smarter. I'm a stupid, I'm a stupid trader. I'm a stupid guy. I'm. I was not on high school. I was not taking any mathematics. After I leave the school without any, any diploma Tim, how, how's this calling in in English.

[01:41:01.12] - Speaker 3
Yeah. You didn't graduate you middle school or your college.

[01:41:04.25] - Speaker 2
Yeah, yeah, correct. I was breaking the school. I was saying I don't need it because I was falling in love and trading and everything like this. And at the end I was making more income as my teachers. And this, this is what I was telling my teachers. Anytime, anytime when they tell to me, hey Patrick, you have to be good in school, blah blah blah. I was telling them, hey, I was ever making more money than you. Truth trading. Because this is something what I learned. And yeah, so. And I love this. So I. I love trading. I love trading stocks, I love trading ETFs. I love trading futures. But options, this is not my world because there are so many things. What you have to be calculated. You have to calculate delta, you have to calculate charm, you have to calculate the time. This is not my world and it doesn't work for me.

[01:42:01.22] - Speaker 1
But on the other hand, Patrick, one thing that you do use is the data coming from the option market.

[01:42:07.03] - Speaker 2
Yeah, of course. So this is what I'm using. This is, this is why I was meeting with you Fabio on Mentor Q. Yeah. Because I like the data from, from them. I'm understanding this. But to trade options, I think it's, it's not my world. Yeah. And also I was trading sometimes options. But I have the feeling if I'm trading options, I come back to the penny stocks because I see the value is US$5 then 510, 520, 530. It's high level widget. I feel like I'm trading penny stocks again and I don't want to trade penny stocks again. So yeah, utils is at the moment my world is something what I'm liking. I can trade this 24 hours. Near 24 hours. Yeah. If I feel like on the weekend I have to trade because I'm become a little bit frustrated. So what I can do, I can trade a bitcoin a little bit to get the feeling of something.

[01:43:20.29] - Speaker 1
All right.

[01:43:25.13] - Speaker 2
Okay. Maybe a mentorship question. I see profits and wait for my target to hit and in the end I lose 2. Stop loss. What advice you got for me? This. I. I cannot give you any advice at the moment because I don't. I, I need a little bit more information. What do you trade? How big is your trading account? First, how big is your trading account? This is something what I think is some, some private stuff for how big is your trading account? Do you trading maybe an unprofitable account where we where you have follow rules worlds. So we have to look into this first. And, and second, if you're trading maybe a prop from account, do you have end of the day or do you have a trailing drawdown intraday? So this is. There are so many aspects we are so individual where we have to look into this. And then I can give you some, some good advice about this but I can tell you a story and maybe this will, that this will, this will help you. I'm working 99 only with wealthy investors and they have the mindset if he was making.

[01:44:47.18] - Speaker 2
If the market was. Was giving you the opportunity that you can make US$1,000 profits. So trailing drawdown. Yeah, you was thousand US dollars in profit. Then the market came down and you're taking only US$200 profits. The investors will tell you why you was losing US$800 but you as a trader will say no, everything was good. I was managing my trade very well. I was making US$200 profits. But the investors see that you was losing US$800 in profits because you, you have. You get the. The opportunity to make thousand US dollars and can take it. But you was more thinking like okay, I'm. I'm holding the trade and, and that's it. And if you stopped out, maybe you was taking 300 US dollar loss but you would have the opportunity to make thousand US dollars profit. But you don't take it and the stop loss will hitting you. Then you was losing at. At the end, US$300 and the investor will be pissed off. And this is something what I have to deal with with the investor. So this is why I'm. I'm learning truth to years when I'm working with investors. It's the better opportunity.

[01:46:06.05] - Speaker 2
If you have profits, take the profits and enter again. Then it will be stopped. You stop stop to have any stupid discussion. Yeah. And. And this is, this is what this, this is my habit. So and. And at the end it becomes a habit. If I see profits, I take it. Because if you see and running P L this is not, it's not nothing meaningful. If you see that, that you be in profit and on your running PNL it's US$500. This means nothing. It means only if you're taking the profits. If you're taking the US$500 profits and you want all your profit from your bank account, from your trading account into your bank account then you have real money. And this is something what is in my mind. I want taking my profits. I want that this will Become now my trading account that I can white wallet anytime if I, I want. And that's it. I don't want running P L and, and see, oh, I'm good. I'm now US$2,000 in profit. But at the end it's not my bank account. And I hope this makes a little bit more sense. Okay, go ahead.

[01:47:35.08] - Speaker 1
Yeah, I think just the update, I think Trump just won North Carolina. So this was one of the big state.

[01:47:52.14] - Speaker 2
And, and with one other story. Do you know every time when I have profits and I see on my PNL profits, what triggers me really hard in my brain is first, investors of course. But second, the movie the Wolf of Wall Street. So think about one story. It was directly in the beginning where John Belfort was meeting the guy from the Wall street and there was going to be going to the restaurant and. They were speaking and the senior guy was telling hey, everything is fugazi. And they don't want that people taking profits. And they came with new ideas so that they're using their profits to be longer in the market and in the market and in the market. And, and this is so hard in my mind that the market maker wants that I'll be as long as possible in the market. But it takes them pain when I'm taking out my profits, that's pain for the market. If I'm letting my profits in the market and it's not realized, then it's nothing. And this is something what is so hard in my mind. Yeah.

[01:49:13.09] - Speaker 1
I love your stories, Patrick.

[01:49:16.29] - Speaker 2
Yeah. And, and, and, and the next thing is I have also some, some list. At the moment I'm in holidays. Yeah. By the way. But I have a list on my, in Dubai, on my hometown, I have a big list. And this is a salary list. I have a salary list. Are there 100 people starting from, from a cashier, taxi driver to a doctor to pilot to lawyer to a political to a professional athlete to NBA player. What is their hourly salary? And if I was taking now my profits. Let's go again. US$90. And this was taking me US$90. This was taking me, I don't know, one minute and in one minute to making US$90. This is something meaningful. And cashier will be work for US$90. Maybe the full day depend on where they live or a taxi driver will work maybe 5, 6 hours for US$90 depend where you are. So, and, and this is in my mind so hard. And I will, I, I, I'm converting this in my mind. Okay. Now I have now 5,000 profit. 10,000 profits. Wow. Crazy. What is this for salary? Oh man. I make now the celery like an NBA player, rookie player.

[01:50:49.17] - Speaker 2
Really nice. Take it. And. And this helps me too much to. To be focused. Yeah. But now I have to go to toilet, man. I'll be back in one minute, my friends.

[01:51:07.01] - Speaker 1
Thank you, Rajesh. What about you, Tim? What's your kind of like risk management setup like when you, when you trade futures?

[01:51:30.23] - Speaker 3
I always put the levels as usual in the charts. But I just work with the future mental pure levels. I don't use the conversion thingy that Patrick uses because I don't want to have like five or six levels in the chart. So just free. And this also gives you like three opportunities for the day. Right. Not five. So it limits you a little bit in your abilities to trade which is kind of a risk management. And then I align it with footprints, buyers, sellers, whereas the zone reaction, trend and all the stuff. So for NASDAQ per contract my standout setup is like 40 ticks. That's 200 per contract. And I know it's a little bit tight and you have to wait maybe longer for your entry. It works pretty well in a trend market. But in a market like now where I have this big ranges, it's just waiting, hours of waiting. But I would never ever, never ever, ever take a trade in those ranges like here in between. It's way too painful. Especially when you are trading minis. Even with the 40 ticks of SL, it's like three or five times you're wrong and you lost already one buck on the day.

[01:53:13.21] - Speaker 3
Right. But it's for every mark a little bit different in cl I'm running different stops. Gold try to avoid this market because it's really stupid to trade. And if I have longer swings then the stop loss is usually a little bit wider. Had always a little bit to do with the time frame you're operating in. When you're working on a daily basis, I have to wait for daily high to short. But then you have to make your stop loss a little bit wider because you don't know what happens overnight and all this stuff. Yeah. But because Patrick has the NQ open right here, usually use the 40 tick stop around the levels. Works pretty well. Also what I don't like is the hvl. It's a level there's always way too much fuss around. Stuff happens that I cannot really that good. Like stuff that happens on a put support or call resistance that's a little bit more easier. Say it like that nothing is easy. But I think you guys know what I mean. And yeah, that's it.

[01:54:37.27] - Speaker 1
And we have a question from this. Why don't you like gold?

[01:54:43.03] - Speaker 3
I don't know. I. I have a really bad read in the market. I can not really good explain. Maybe if we have a downtrend and let's say we are broken a put support right. In gold futures and we have a pullback back to this level. Usually in CL or nestech I will look at the put support and say okay, let's short it again. This pullback is suspicious. In equity futures always have the wicks open. Look what this asset is doing with volatility. It does dust but in gold, I have to be honest, it's so hard for me. And gold is a market that is pretty heavily spoofed, right. If you have level 2 data in futures, it's sometimes pretty obviously they are putting limits on the bid on the offer. Now to catch the markets in the market, sellers or buyers into a position position. Then they put the limit out, the trend is over, something suspicious happens. And yeah, I don't have a good read on that market. That's, that's the thing. I can trade a lot of stuff but gold, Nah, no way.

[01:56:12.04] - Speaker 2
Also if you have a strange one market, you, you should stick into this. So I was never touching bonds, for example, trading bonds. People ask me also Patrick, why you don't trading bonds. I have no idea about this. I cannot read this. It's price action is not working for me. It's. I need more patience. I'm not the guy who have so much patience. And, and I was trading also gold a little bit bit. But it doesn't work for me. It's like, like what you were saying, Tim. I think you, you should be, you should, you should be developing some ads in the market where you're really good at. So some people are good and gold, some people are really good and crude oil, other people really good in natural gas and other people good in bitcoin. We have many traders who training mostly only ES or spx. They are really good in this by the way. I get filled and yeah, stick to the market where you have. That's it.

[01:57:23.20] - Speaker 3
Well, all the stuff can move a little bit different and with the years and the hours you spent in front of your screen, you get a little bit of feeling. And no one can tell me that trading isn't always a little bit about gut feeling. Right. So some people like Patrick, they just use candlesticks. I could never work with that really good. To be honest. I need a little bit more insight. What happens limit market side. But on the other hand, I also know guys, they are trading orange juice intraday. I have no idea how they are doing this, but yeah, it works.

[01:58:12.21] - Speaker 2
So the spread are killing me. I hate this. I hate this. If though if not the candle is. Is filling you your trade, but the spreaders taking your trade.

[01:58:27.04] - Speaker 3
Yeah.

[01:58:30.00] - Speaker 2
Yeah.

[01:58:31.01] - Speaker 3
I had this at the beginning of my. Let's call it career, doing news events, jumping right into the trade. I did this for a few months, then I canceled it because it didn't work out. It does not make sense. Spreads are huge, movement is suspicious. But that's stuff you learn with the time.

[01:59:22.15] - Speaker 2
Come on, take me out. And everything is good. Don't be shy. Here we go. Boom. US$277 in profit. All right. So yeah, now the time came when you, when you're getting the feeling of over trading, you're taking trades because it's stupid. But yeah, it's. It is like it is. That's the game. You have to deal with this. Oh what? Something happened now on the news for you.

[02:00:11.19] - Speaker 1
Harris takes Virginia. Yeah. North Carolina Trump. Harry sticks Virginia. Okay. Yeah, Yeah.

[02:00:43.15] - Speaker 2
How much swamp needs?

[02:00:46.09] - Speaker 1
270 is the cutoff here. It.

[02:01:36.21] - Speaker 1
And here. Patrick, how would you look at the down move in this case?

[02:01:44.29] - Speaker 2
There's no down move here in the range now that's the one minute candle. So everything's good. There's no down move. Oh, we are in the range here. So. So the down move will be happen if you fill the gap to 2390, something like this. But there's no down move. It's one minute. A two minute candle. One minute candle. Yeah. One minute candle. There's no down move. But again it's really cool to see. We get. We came down working. So let's see where are we going now? But now I think it's. It's really the part of the news. So what's coming in the news about the pull polls and then you get the directions. This is now the part where it becomes really messy. So it can happen that in one minute you get the news like Harris and one minute later you get the Trump and the direction is changing completely. It's like. Yeah. And I don't know who was asking about the mentorship. I think it was with. Yeah, with you. Watch this. So we are here in a small group and I think there's one part what is really important for me for.

[02:03:29.23] - Speaker 2
It was really important for me to understand in the trading and this was to understand how the professional athletes thinking and how the coaches from the professional athletes thinking like, like if you're watching and soccer game, if you're watching an NBA game or whatever you really like. So for them it's really, really important that you win. So no matter how you win, but that you win. So I'm in a country where soccer is a really big. So let's talk about Real Madrid. So it makes no difference for them if you win 5 to 0 or 0 to 1 or 5 to 4. It's only important that you win. This gives you a good feeling. You're building the momentum and everything like this. And this is something what, what I'm also realizing for my trading. For me it's not. Not that important how much profit I'm making today. For me it's more important that I be stay green that I was making something that I be green. So in this session at the moment, US$277 in profit. It's not big for me. It's tiny little money. I pay more commissions fee than everything. But to be stay green and to beat the market and taking out something from the market that's good, that's momentum.

[02:05:04.29] - Speaker 2
This is. I can come back the next day or the next session and and I have a good feeling about myself. I can make now something I'm coming as a winner. It's. It's a quite different. If you're taking 10 losing days and you come into the market, you get fear direct. You get directly fear if you're taking the first losses. But if you have strong momentum and you be a winner because you know most of the time you will be winning and if you have some small losses or losses, that's not a big deal. You can handle this, you can bring this back. And this is one of the key in my trading career and this was my tipping point by the way to understand how you can build momentum no matter how big the profits. But stay green, not breaking even. Stay green and then build the momentum day by day by day. Maybe only today US$100, tomorrow you're making also US$100. But you make every time something you be on and this is so important to understand about the psychology stuff also. Pavel30 why don't you make a deal now? Why, why I should?

[02:06:19.18] - Speaker 2
It's a good point. I feel like I have not to make something. Look at this. So we have here we lost. The move was stopped very often in this area here. And I don't want be the Stupid idiot who we're taking now the short and maybe stopped out here or we're getting the pullback here. It's I don't like this area for the short. I was the guy who was battling the call resistance for the long side. So now I don't want taking the short. It's making no sense for me at the moment but I can change my mind directly if I be breaking this area so but at the moment for me personally it makes no no sense to go short or take a long so and also if I'm looking to the SPX to the ES so we are on on the core resistance. So I don't know. Makes no sense. The Russell is 2.3% up. No make no sense.

[02:07:47.10] - Speaker 3
And whoever brought in the put support and gold futures like an hour ago. Good call.

[02:07:59.00] - Speaker 1
Let me share it.

[02:08:00.11] - Speaker 3
Already up $10.

[02:08:02.26] - Speaker 2
Wow.

[02:08:05.24] - Speaker 3
Well stuff works.

[02:08:09.03] - Speaker 2
Yeah.

[02:08:16.14] - Speaker 1
I think we talked about this at the beginning of the session.

[02:08:25.15] - Speaker 3
I think it's over now.

[02:08:29.25] - Speaker 1
Thank you this for pointing it out. Good God.

[02:08:37.17] - Speaker 3
Yeah that's good. Great work. At least someone who can trade gold.

[02:09:14.02] - Speaker 2
To come back to your point. So if you're breaking the core resistance and if we're breaking through this here so yeah maybe the short will be working but at the moment I have no interest. We can place a stop order so let's see. But the momentum is very very slowly. We have no, no big moves. So this is something what I don't like. We need a little bit more momentum. We're needing a little bit more big candles. The spread is there so the spread can kill you.

[02:10:09.28] - Speaker 3
So Obviously it's the 500 in NASDAQ that has second biggest net gags for all the explorations. And the funny thing is if you're staying above all the stuff is in the money tomorrow with the open.

[02:10:32.29] - Speaker 2
And. Now I get hurt. Here we go. 4000amazing. Here we go.

[02:10:48.01] - Speaker 3
See Patrick we mentioned, we mentioned it an hour ago. Right. We can easily rebuild all of the move.

[02:11:03.24] - Speaker 2
And, and and this is what I was saying. So I have no interest in in this until call resistance is breaking. And we are here and I was playing my, my stop order and sometimes you need only a big move where bring you back some profits. And now this was and I I getting five contracts was making four contracts US$4,750 on this move down and now I'm up US$4,900 in profit. It's a good one. So this is what I'm meaning sometimes taking small losses. Small losses and the Big move will happen but you have to take it and then you'll be on the good side. And it was exactly happened like this. But Pavel, you was pushing me so. So also thank you. Maybe I would not take it if I would be alone, but he was pushing me.

[02:12:01.18] - Speaker 3
Oh, but what happens? All the votes are not correctly right now and I have to start again.

[02:12:16.24] - Speaker 1
What? Do you see this?

[02:12:19.14] - Speaker 2
No.

[02:12:19.20] - Speaker 3
I'm asking because it was pretty violent, wasn't it?

[02:12:25.28] - Speaker 1
Yeah.

[02:12:30.20] - Speaker 2
I think there would be some Harris news something like this but I. I have no idea. I have no news open Fabio, you are my new source. If you don't talking to me. Okay.

[02:12:45.19] - Speaker 1
There's not much coming out in the news besides.

[02:12:53.14] - Speaker 2
With what are my gray boxes. So the gray boxes you can telling this as a trading roadmap I was connecting only the levels between the call resistance and the one day max and here also the candle rig to the one day max to have better overview what areas I I like to trade and what areas I don't like to trade.

[02:13:18.19] - Speaker 1
Okay, thank you, Mike. So Republicans took the Senate. That's the news.

[02:13:27.11] - Speaker 2
This is good news or bad news?

[02:13:31.13] - Speaker 3
It's good news.

[02:13:35.28] - Speaker 2
That's good.

[02:13:38.03] - Speaker 1
I can't answer that.

[02:13:52.10] - Speaker 2
Okay. But it would be a bad news. Okay, let's say about this. So the ripple cans taking the Senate but it would be a bad news if Kamala Harris for president. Correct.

[02:14:04.29] - Speaker 3
Yeah, but the thing is.

[02:14:08.03] - Speaker 2
But the thing is that camera harvest.

[02:14:12.08] - Speaker 3
But the thing is I need a red sweep that means House Senate and president is Democratic because I'm short fxi.

[02:14:23.09] - Speaker 2
But. But if Kamala Harris will be now president she have not so much power because Republican took the synod. Yeah. Did I understand your politic correct?

[02:14:38.13] - Speaker 1
It's basically like the possibility of getting laws approved. So if obviously the majority of one party is on a different depression is on a different side with the majority then obviously it would be be harder to pass some of the legislations things like that.

[02:14:57.10] - Speaker 2
Yeah. So bad news for camera Harris in this moment.

[02:15:03.26] - Speaker 1
Yeah.

[02:15:23.10] - Speaker 2
Then what voting system you like more? The. The German one or the American?

[02:15:29.27] - Speaker 3
Neither. Nothing, nothing changes.

[02:15:36.12] - Speaker 2
Okay.

[02:15:40.21] - Speaker 3
Only question for me is what will the market do?

[02:15:44.11] - Speaker 1
Yeah.

[02:15:51.05] - Speaker 3
I built a whole theory behind my China short straight and Trump speak really hard.

[02:15:55.29] - Speaker 2
Maybe we will still so perfect. And also if you're looking to the Es where we were stopping on the one day max from the SPX boom levels working and this is a good sign. Sign again.

[02:16:10.15] - Speaker 1
And Patrick, like in that case can you maybe elaborate on kind of like your execution and how so that did you already put like the take profit that you had or you just went and look at the chart.

[02:16:28.08] - Speaker 2
Yeah. So I was in, in the trade on 2000 20,553 75 5. I get filled sell water. So like basically just above the one the max. Yeah 2500. So I think near here and I'm getting out 2 506. Boom something here. And this is, this is what I was saying before. So I won't see that we're breaking first to this area here. Yeah. So I don't want short in this area where we. Where we was pulling back here and I was placing my cell stop here to see that we get maybe a strong move and it was working basically it was also breaking the call resistance here on the SP X on the ES side and then boom, take it and. And this was one of my. My trade idea and it was working. Yeah. But I get out too early. Maybe this could be easily 10k if I want taking my profile profits on blind spots. But we have, we can have the discussion again. Was this a good point to taking the profits? If you were seeing your. Your P l is now 4750 or you should hold your trade and maybe you have the opportunity to make 10k but you can have also the pullback and you will make nothing.

[02:18:14.21] - Speaker 2
And my mindset again is if I have some profits I will take it no matter what. I'm not a swing trader. So. Because the market gives us anytime new opportunities. So taking the 5,000 it's fine. And waiting for the new opportunity. And maybe the new opportunity would be if you're breaking the BL6 and we going through the one MX and call resistance on the ES and then maybe we fill the gap and we come back where we was coming from. Could be a really good opportunity. For the next short to take out the gray box here. Place this here. Here we go. If you're going through this that could be a really nice one. What would this meaning? I think as a target if we want sinkhole with the ERS. I think this would be meaning target BL5 high volt zero DTE and getting in like 444 something like this in this area taking placing the short below 2450. But I don't want to place the order now. It's let's see how the market is developing what news we're getting. So but it can be fast and, and also if you. If you was belong here, you see how fast this could be in the other direction.

[02:20:06.22] - Speaker 2
We're getting strong Candle Boom. And you were taking stupid losses. So it's. It's election. This is something what we like. This is why we here on the market. I hope this makes sense. Fabio. Fabio.

[02:20:37.16] - Speaker 1
Sorry, I was on mute and I think another lesson from this is patience. Patrick. Now we've been here for two hours. I know all you needed was one moment to kind of capture like a good opportunity there.

[02:20:54.00] - Speaker 2
Patience. Yes. But more important, if he was being the trade that you're taking your losses very quick. Only small losses. Boom, boom, boom, boom, boom. If I want let my losses coming too big, I would not be able to taking the profit with near 5,000 west dollars. Now that I be in profit, 5,000 US dollars. It will be not happen. Otherwise now I would be break even or something like this with this move. But yeah, position sizing, taking the losses very quick. To know what you can do as a trader and to know what the market can offer you. Maybe. And that's it. So what was the news? What was giving us the move? Fabio, you were checking this. Was this the news that the cans taking out the Synod?

[02:22:02.27] - Speaker 1
No, I'm. There's not really big news out. I mean, I'm not sure if you guys have seen anything Tim on your side. I'm just checking the different newspapers.

[02:22:11.09] - Speaker 3
But no, no, it's so empty and so illiquid this can happen. Maybe because the race is getting a little bit tighter over here with 210. 230.

[02:22:43.03] - Speaker 1
Yeah, it.

[02:23:14.10] - Speaker 1
Yeah, yeah, exactly. Thank you, Scott.

[02:23:32.26] - Speaker 2
So in 30 minutes my kids were waking up. So crazy. This is the. The. The nice part of the world. So some guys of you like have now midnight and we're taking all the sleep. And on my end where I'm living, we were now taking breakfast. Everything like this. It's crazy.

[02:23:58.04] - Speaker 1
Yeah, yeah.

[02:24:00.08] - Speaker 2
But I will not taking break. I'm taking. Yeah. And we have again a live trading session today when the market is open.

[02:24:19.17] - Speaker 1
So.

[02:24:24.09] - Speaker 2
But it's a good feeling to. To go into the market. He was winning during the election. 5,000 US dollar profit. It's okay, but that's it. So it's a good feeling. So you can be proud of you. And this is what's mattered here. So. And maybe for the guys who are now, or ladies and gentlemen who are now in our chat was following us. Please give us a comment. How was your day? So how was the session for you? He was learning something. We have. By the way, we have 30 minutes left. But do you was learning something. He was taking profits. What you take out from this session give us some comments or is there something unclear? Do you want taking a speech about mindset again? About risk management, about. I don't know, whatever you want. Tim is also there. Fabio is there. Take the time, use it. But give us some note how it's going on your sites. Fabio, how. How many people are. Are in the chat at the moment? How many people watching the stream?

[02:25:59.18] - Speaker 1
25.

[02:26:00.25] - Speaker 2
25. Good session would like to see once a week live session like this. Oh man. If we get, if we get once a week an election in the U.S. holy.

[02:26:19.23] - Speaker 1
So what were you. Were you trading like this four years ago, Patrick, or eight years ago?

[02:26:26.05] - Speaker 2
@ the last election I was not trading because it was midnight. I was not taking this trades. I was trading the New York Open. Yes, but not the, not the midnight session or the Asia session. No, this is what I was not doing before and I'm. I'm trading since 7pm yeah. So as you can see. So that was my trade. So let's go into the history from today, only from today. That was my trades. What I was placing today since 1pm and I'm feeling like now it's, it's. It's now me a five and a half hour trading. It's. It's now it's good. Now it's really time to reset to go from the desk and everything is fine. Sometimes you have trading sessions where you feel like you, you was working. Yeah. Oh.

[02:27:40.08] - Speaker 1
Yeah. Thank.

[02:27:40.29] - Speaker 2
You. Yeah, it's a really good, good example. So it's people asking always how we should trade the blind spots, how we should trading the levels. And, and you get always my. My standard answer is it's based on the momentum. You cannot say how you should trade the levels. So look at this. We was coming with a really strong momentum to the blind spot level and then we was rejecting from the blind spot level. Can I tell you how you should trade the blind spot level? When we came, when you were asking me I don't know when the market is not open or we have not big price action or you want. We was there and, and you would be asking me how I should take the blind spot level. 6 How I should trade this. I cannot tell you this. I can tell you this only if you be on this level and what are the momentum? So he was seeing the Rolling Stone is coming down. Blind spot was holding this and yeah, so basically it was not a good point to. To short the blind spot. It's was more the point to taking the long here to, to take the resolver and also what we can see is that the one day max and the call resistance was a really strong one.

[02:29:13.17] - Speaker 2
So we can connect the dots. So if we have the shots side by side so we have the NQ shot here and the ES shot here here. And we see we cannot break into the one day max and call resistance. What was happened here we was not going through this. So there's no reason to to short again the blind spot. 6 and this is something what you can, you can do only in a live trading session or you can, you can only answer doing the market. It's not like that. You can say as a standard rule how we should trade call resistance, how we should trade the one day max, how we should trade the blind spots. It's really impossible to say if you're not live in the.

[02:29:56.10] - Speaker 1
Market. We have some good comments here. Thank you, C.J. thank you.

[02:30:08.10] - Speaker 2
Scott. All right, wait, wait, wait. Before we go into the comments, CJ very interesting mindset on taking quick profit then lose all. What do you mean with.

[02:30:21.24] - Speaker 1
This? I think it's more like losing your profit. So I.

[02:30:27.03] - Speaker 2
Think. Oh, okay.

[02:30:28.14] - Speaker 1
Okay.

[02:30:29.13] - Speaker 2
Yeah. Scott, for me I had to remove the dollar profits and, and look at points that messed with my psychology trading my piano. Okay. Yeah Scott, if when I be in the in the point where the P L becomes messing around with me, I'm. I'm going also in the points or I'm looking in the percentage. So this helps me also. Yeah, it's a good point. Yeah. If the P L mess around with you then looking to the points on the percentage. Yeah. Minas reinforce the thinking of trade what works for you. Losses are part of the game. And finally small wins make a huge emotional impact. Yeah. So. And, and I think personally losses are part of the game. And finally small wins makes a huge emotional impact. I think it's, it's like the same like when you're going into a professional athlete game. If you look into the NBA sometimes you. You see games where it's 122, 105, only five points difference. But at the end this is, this is what it makes and in soccer is sometimes the same. Sometimes two zero one or something like this. And in trading it's exactly the same.

[02:32:11.16] - Speaker 2
You need losses are part of the game. You have to accept this. But what you should be really taking control of is that your losses will not take take taking your emotions that losses were not triggering you and that losses are small enough that when you're getting the move what we get here big candle and you can write the move that you're making enough profit to save the day and can say at the end it was a perfect day for me. This is really really important. And this is something what I learning from from a hedge fund manager. He was saying always Patrick, we were speaking about my win rate. So let's talk about the story. We were speaking about the win rate. He was asking me Patrick what win rate you have. I say my win rate is 80%. He say Patrick 80%. This is a little bit stupid. I'm 100 sure with 80 win rate you're making really good trades but sometimes you're getting a big loss and it wipes out a big big profits from your side. I say yes correctly exactly this is happening. He said you need only a win rate from, from 51 or less than or maybe 40%.

[02:33:28.09] - Speaker 2
It's. It's much better to have a win rate where it's really low but you're taking the losses very quickly if say not hurting you. And then if you can catch the wave and you're making much much more profit then you having exactly the upper side what the retailers doing you're making more profits and small losses. And the retail traders having the issue they're making most of the time small wins but consistently small wins. But then will become the point where they're taking big losses and they wipe out everything say losing challenges, they blow up accounts and everything. But we are we as an institutional traders. They're telling me we must be smarter. We must be taking exactly the small losses but huge wins. And this is in my mind so hard and yeah this is exactly what what you're talking about CJ conversional teaching always talk about 2 to 1 air etc which may be a good swing trading. I personally don't like teachings from other people or teachings from I don't know which which one you can call on on YouTube or I don't know whatever you're watching. I like it. I think it's much more important important that you find for you and trading style what works for your individuality and what is not stopping you from trading.

[02:35:09.10] - Speaker 2
So if I getting the rule Patrick, you have always to taking a risk reward form three to one. This will be completely against my trading style and I will making stupid mistakes. I will taking huge losses and all the because this is not my trading style. And and I think it's so important also to learn that that you must find a strategy where where fits your trading style as a trader. Every trader have his own trading style and work with if you be on a problem, work with a problem to respect your. Your trading style. It's. It's really important. Don't limit yourself if he. If you starting to limit yourself maybe with a small stop loss, maybe with risk reward, maybe with. I don't know, you will making mistakes because you limit your. Your individuality as a trader. It's like you're getting in the jail. You limit yourself. You cannot, you cannot develop as. As a trader. Don't make the mistakes and limit yourself as a trader. But you know, you, you should know exactly what. What are you as such what is good for you, what is bad for you. Don't let what you should do.

[02:36:26.20] - Speaker 2
This is really important and this is something what I was learning. I'm not listening to, to teach us outside on, on YouTube or something like this. I'm only listening to big market makers what they're saying. And I respect only people. Much better. All right, so we have more and more comments. Let's take a look again. Bobby, you want to say something? Sorry.

[02:37:00.11] - Speaker 1
No. I think there's gonna be an update soon. I saw George is probably coming out soon, so. Yeah, I'll keep you updated as soon as I I see anything.

[02:37:13.22] - Speaker 3
But. All right guys, I'm going to.

[02:37:17.04] - Speaker 2
Bed. Okay, good night.

[02:37:18.19] - Speaker 3
So. And see.

[02:37:20.19] - Speaker 2
You. Have a good night. I also like the simplify. Yeah. Scott, you 100 that said. Yeah. 100 Scott. Trust the levels. Trust your stop loss and trust the trade. Perfect. Yeah. How do you know when. When, when the. When the move will up down sharply? All right, this is a really cool question. So I like your. I like the question and, and sometimes I cannot explain this because I'm now 20 years in the market and, and sometimes you get a feeling for this. You know exactly how the, how the shot is looking like on all the stuff. But I cannot, I can really not. I can really not describe this. It's more like. It's more like the experience. And I think every trader who was now, I don't know, five years, six years, 10 years in the market, they would be angry sometimes. You. You feel this. You get the feeling for.

[02:38:27.19] - Speaker 1
This. All right, so I think Patrick, one of the thing you see this here? I think we're still waiting for the results, but this could be a very important one. Georgia, you see here, it's kind of like it's not fully red. So I think they're still waiting for results, but it looks like maybe the majority will go to Donald Trump. So let's see. And here they updated to.

[02:39:02.15] - Speaker 2
246. Yeah. C.J. thanks you. I like your style. I'm just saying your style is better. I don't know. There's no better. There's no. For me, it's like, be yourself. Be yourself as a trader. The same what is be on your person, on your personality, be yourself. It's the same like. Let's talk about. So maybe someone is having a 9 to 5 job and you're making a job where, where you have to make because you need the money. But at the end you don't like this. It's not, it's not your personality or something like this, but you have to make the job. But if you don't like a job and you make it only because you, you need the money, I would say to you, you cannot grow as a person, as an individuality. You cannot grow with experience. It's. It's quite impossible. You're taking only learnings, but you don't grow with experience. And it's the same in trading. And I'm highly believe if you limit yourself as a trader because you're taking, I don't know, some problems or you're making tight losses or you follow some other one because you like this, what he's doing, then you limit yourself, find your identity, find your individual style and then trade like, like you trade like, like yourself and give a what other people saying.

[02:40:52.09] - Speaker 2
And this is what I'm doing. I give a what other people telling me. Most of the time there are some people when they telling me something, I will follow this. But that's really a.

[02:41:06.24] - Speaker 1
Handful. Yes. So, guys, we have about 18 minutes left because that's the maximum time for the streaming. But tomorrow morning we're going to be live again. So, you know, any, you know, questions you have. We have 18 minutes.

[02:41:24.23] - Speaker 2
Left, Man. I'm really happy that the session is going to the end. So otherwise no trading anymore. Because if he was making some profits and you'd be happy with this, it's good that you don't trade. So at the moment, I will not taking any trade. I shut down my, my trading station so it's. I would save my profits. Everything is fine. So we have 18 minutes, as Fabio was saying. So let's come with your questions and then we can talk about.

[02:42:10.10] - Speaker 1
This.

[02:42:11.03] - Speaker 2
Yeah, And I'll be back in one.

[02:42:21.22] - Speaker 1
Minute. Yep. Yeah. Another thing, guys, let us know if this was helpful, if you like the format. Obviously we went over a lot of things. Risk management, we have some trading activity, we have levels. We had some theoretical part on how to Use the levels. So I hope this was helpful. And just let us know if you have any feedback. We have a few minutes left, so happy to.

[02:43:01.13] - Speaker 2
Hear. All right, I'll be back. All.

[02:43:29.24] - Speaker 1
Right. Yeah, I was just asking if there's any feedback on the format and more questions. Yeah, just see what happens in the last few minutes. All right, this is good question for you.

[02:43:48.16] - Speaker 2
Patrick. Yes. Yeah, I like this question. Can you say something on entries? Do you wait for pullback or trade for the moves? So what I can say is I'm waiting for. For a second confirmation. Confirmation. What could be the second confirmation? The second confirmation for me in today's trading was I won't see that the ES is breaking also some levels. And if he was doing this, then I was ready to take the trade. This was my second confirmation. And it's. It's so important that you. You have always a second confirmation. Maybe it's the pullback. Yeah, could be. But in this case, for me, it was the call resistance from the converted SPX level. And this was my second.

[02:44:41.10] - Speaker 1
Confirmation. Thank you, Minas. Yeah, thank you for your feedback, as always. And I know you're on vacation, Mina, so hopefully everything is good over there. I believe you're in Europe, maybe. Thank you, Jeff. Really helpful. Thank you for your feedback. Thank you, C.J. and as always, thank you, Scott. Yeah. So, Scott, to answer your question, we're going to do another session on Friday. This is going to be on YouTube and Twitter, and we're gonna show you some more kind of backtesting results of the. Of the swing model, because I think there's a lot of value there. We want to make sure you guys can fully leverage it. So on Friday, we're probably gonna go live again. So stay tuned.

[02:45:51.04] - Speaker 2
There. Well, I get also sleeping.

[02:46:02.02] - Speaker 1
Oh, all right. I think, yeah, maybe like, we. You know, if you. If you guys don't have any questions, we're gonna be back in a few hours. So, Patrick, you need to get some rest. Same here in the US almost.

[02:46:19.08] - Speaker 2
1Am and by the way, Fabio, you have my private number. If I be not on time, please call.

[02:46:28.26] - Speaker 1
Me. I will, I will. Sounds.

[02:46:35.01] - Speaker 2
Good. And now you have to take.

[02:46:36.27] - Speaker 1
Care of your kids and.

[02:46:37.20] - Speaker 2
Breakfast. Yeah. So they have to go.

[02:46:44.10] - Speaker 1
Now. All.

[02:46:45.23] - Speaker 2
Right. Outside a little bit. All right, so. So last round, let us know or we close the session. Whatever. But if you have also any other question and you want not asking this in the comments, please, please feel absolutely free. You can send me anytime on Discord and private message or you can send an email to infoentok.com then we can cover individual something. No worries. But yeah, thank you for your time hanging around nearly three hours with me. Also to you guys, Scott, cj, Jeff with and all other ones who was here three hours. Yeah, my trading buddy. I know you're not no more there, but thank you, guys. Sherry, you also there. So, Chevy, you're in the chat already or you done? You're gone because you are European also. It's really interesting if you were staying also the long time there, But we have the same colors.

[02:48:04.10] - Speaker 3
Today.

[02:48:05.11] - Speaker 2
Amazing. Amazing. Yeah. All.

[02:48:13.02] - Speaker 1
Right. All right. Thank you, guys. Have a great morning evening and see you in a few.

[02:48:18.26] - Speaker 2
Hours. Yeah. Bye.

[02:48:20.16] - Speaker 1
Bye.

[02:48:21.02] - Speaker 2
Bye.