Trading the MenthorQ Levels

[00:00:06.02] - Speaker 1
Welcome everyone. Good afternoon. Welcome back. Patrick and Barry. I'm glad to have you back. Very excited. Last time we were here, the session was great and we are excited to have you back. So thank you.

[00:00:20.07] - Speaker 2
Great to be here. Thank you.

[00:00:22.14] - Speaker 3
Welcome and happy new year everyone. Enjoy the new year. Make the best of the year 2025. Yeah. So let's go.

[00:00:32.15] - Speaker 1
So today's session is about trading with Mentor Q. So we're going to share some live example before I watch you, the word. Barry, just one second for the disclaimer. All right, so here we are seeing your screen. So we're going to talk about again, following up on the last question that we had. One of the things that really struck to us is really how you treat trading as a business, not just obviously as a passion. So I think that was a very important lesson from the last session we had. So I would love for you to go through again, maybe some example on how you're using the levels, how you are approaching trading and then maybe sharing some of the things that you've done in the last couple of days. That would be awesome.

[00:01:23.21] - Speaker 2
Okay, great. Well, starting with, starting with the levels, I'll talk about trading as a business in a few minutes. You know, today was an interesting day because we had a lot of news events and so and actually we've had a lot of news events all week. So it, it's been. News events tend to, tend to change your plans very quickly. But today we had a couple of different things. On the setup with the Menthor Q levels, you can see this gold box here that represents the initial balance. So I like I, my particular style is I, I trade the around the initial balance, so breakouts or breakdowns of, of the initial balance. And I use the Mentor Q levels to help me help support the trade ideas. And then I have a lot of setups with the Mentor Q levels also and you can kind of see them from time to time. So the beginning of the day I noticed that we had put support right here and we have. We had a GEX like level here along with some blind spots at the bottom. So my, my initial when I do, when I was doing my homework was to, to go long or, and have a long bias above this particular level or if we get a breakdown to put support, then I would want to go long off of that.

[00:02:56.02] - Speaker 2
So the trade that I took today was I was waiting for an initial balance breakout. The initial balance formed at 10:30. So you had this great gold box here. And I was looking at the trade thinking, okay, it's more likely statistically that we're going to break lower because we formed our initial. Our high was formed first. So there's a 70 chance that the initial balance low will be broken. So I wasn't really convinced of which way we were really going to go because we had put support right here. And you know, a lot of people get confused because they say, oh, it's support. So that means it's a support level. Well, it is a support level when you're above it. But if you break it, then the market makers begin to sell futures and collect inventory to keep them whole. And so then put support really becomes resistance. So I was waiting for a break of put support and a break of this level right here, the initial balance level. So I had a buy stop.

[00:04:09.29] - Speaker 1
Are you pointing something? Because I think we only see.

[00:04:13.27] - Speaker 2
Oh, sorry. My. Is my pointer working? You see the pointer?

[00:04:18.14] - Speaker 1
No.

[00:04:19.22] - Speaker 2
Okay, let me see if I can.

[00:04:23.15] - Speaker 1
Maybe we can use the TradingView one.

[00:04:25.10] - Speaker 3
Yep.

[00:04:27.01] - Speaker 2
Let me go to. There we go. Can you see it now?

[00:04:46.04] - Speaker 1
Yeah, exactly. Okay.

[00:04:50.02] - Speaker 2
So let's make this a little bigger so everyone can see. All right. So in order for a breakout to be valid, we would have to break the put support level, the Mentor Q level. So my buy stop was right here, which is above the put support level. And we had a three minute candle that broke that right there. So I, I take 2/3 of my position off, usually within with 5 points or a logical target. So we had a great target here, which was GEX 5, which was about 5, 5 points away. It was actually. Seven points. So that was my first target. So two. So in order for this trade to trigger, I was watching the vix and there's a on the vix. I learned this from our time together at Mentor Q and some of the morning sessions. I had a level drawn on the VIX right here. You can see the VIX was bouncing off this level. And I said, all right, this long trade in the ES is not going to trigger until the VIX breaks down below this level. So I had an alert because on trading view you can set alerts.

[00:06:44.13] - Speaker 2
Had an alert set right there. The alert went off around 11 or around I think it was 11, 10. Beep you go. Right. So then I started looking at the es, waiting for my trade to trigger, which was I had set automatically as a, as a buy stop. So here it is. The trade went off. Shot right up to my target. Took off 2/3. My rules say when I take off 2/3, I move my stop to break even. So I Moved my stop to break even. Then I actually moved it up here just below GEX 5 because didn't. There wasn't a lot of relative volume and I wasn't convinced it was going to go all the way to, to the target. So I moved it up a little bit more, got stopped out. That's the trade for the day. But the combination of knowing that when put support breaks there's going to be some volatility going the other way. And that volatility was confirmed by, in the positive direction by having the VIX drop. That gave me a ton of confidence that I was going to have a nice momentum trade to get at least five points on ES contracts.

[00:08:02.24] - Speaker 2
And you know, you only need a cup, you only need a five point trade a day to, to win in the business.

[00:08:08.24] - Speaker 1
Yeah. How long did it take that trade altogether?

[00:08:13.08] - Speaker 2
It took a. Well, it took about five minutes. I have it, I have it on video. I, I recorded it and the video only records three minutes at a time. So it happened within, within that time frame.

[00:08:29.21] - Speaker 1
Nice.

[00:08:30.18] - Speaker 2
Yeah. So trading as a business, one of the things we talked about last time is, is just you know, with a business you have budgets and you have profits and loss. And, and so for me I try to have a budget for what my risk is on a daily basis or daily risk budget. And so then I have to create trades that yield a certain amount of dollars based on my targets which are based on math and they lose a certain amount of dollars based on, based on math. So that if I can win more than I lose overall, I just have a winning system. So this trade that I, this one trade that I'm showing you right here, there's a 72 chance that the ES will hit this line every single time it breaks this on a daily basis. So and that's about, see that is 14 points, about 15 points. So that means there's a greater than 80 chance that it's going to go 5 points or in this case to the GEX 5. So I knew there was an 80 plus percent chance that it's going to hit that target. And if I take a trade like this every day I'm going to have a 70 plus percent winning system.

[00:10:02.10] - Speaker 2
And if I keep my losses, I budget my losses to be less than the wins then even at a one to one I would make money.

[00:10:13.22] - Speaker 1
Yeah.

[00:10:15.13] - Speaker 2
So it's really that simple. So for every single product I have a risk budget and a budget based on how many contracts I'm putting on and I just stick to that budget. Some you Know, some days I think Monday I lost $250. So is, you know, it's a small loss which is great because just, you know, this one trade because I got stopped out yielded like 750 bucks.

[00:10:43.04] - Speaker 1
Yeah. For a three minute straight. Not bad.

[00:10:47.07] - Speaker 2
Yeah. And it's all within what, what a trader can do either on a PROP account or, or with, with a modest, you know, trading account.

[00:10:57.26] - Speaker 3
Yeah.

[00:10:58.22] - Speaker 1
And better question, do you also trade with PROP accounts? I believe you do, right?

[00:11:05.04] - Speaker 2
I, I do. I'm. I am now starting to use PROP accounts for real to sort of scale up my trading before. I just use them as a cheap source of data and like a, like a sim. To test.

[00:11:18.24] - Speaker 1
Yeah.

[00:11:19.11] - Speaker 2
To test trade ideas. In fact, I'm, I'm using a PROP account right now to test the GEX to GEX trade. So there's a, there's a lot of times that I see in the, in the levels where if it breaks a particular Jacks level, it almost always runs to the next one. And so that's a scalp, but I mean it's a meaningful scalp Look. That's 10 points from GEX 3 to GEX 4. And it happened over and over and over again. And earlier in the day I noticed there was a correlation between GEx4 and GEx3 and V WAP and, and one standard deviation of VWAP. Is that a coincidence? Probably not. Now BWAP has changed. So that's, that's not actually true, but earlier in the day it was true. Nice. So no matter what system you're using, I think more and more these options levels are, are just a valid and statistically significant place to have an area of interest around. Around trading.

[00:12:29.23] - Speaker 1
Yeah, that makes a lot of sense. Let's see if we get questions. Guys, please send, send us a comment and let us know if you have any questions for Barry. And then Patrick, I don't know if you have anything.

[00:12:44.10] - Speaker 3
I have a question for Barry.

[00:12:46.15] - Speaker 1
Nice.

[00:12:47.14] - Speaker 3
Yes, I have a question for Barry. So my question, Barry, is so what are your three top setups with Mentor Q? If you say with the gamma level. So if you can name three setups, what would be your favor?

[00:13:07.23] - Speaker 2
So one would be a reversal from PUT support. So I really like that one. Or a breakdown of put support. I think, I think if we look at Tuesday there was a breakdown on the nq. Well and on the ES when it broke put support. I mean it's, it's going to the next level. And if there are no levels, watch out below. There's, there's not a lot to hold it back. So. So that's. I'd say that would be one of my favorites. The second one would be call resistance reversals. So if we were to hit this level today, this call resistance level. There are days when you hit those levels. I usually have a sell order right at that level with risk right above the level. I find that we. I can have a very small risk and typically this type of when it does hit, you know, for example, if we were to hit call resistance today we would be meaningfully above the one day max into call resistance and there's going to be a bunch of selling pressure for a fade. So that that's a trade I really like. And then the third and this is in no particular order are these.

[00:14:51.29] - Speaker 2
When these HVL levels are are broken the volatility spikes. Market makers begin to hedge and you're able to get a lot of good excursion.

[00:15:14.12] - Speaker 3
Yeah and I was seeing something when I'm trading the NQ futures with the with the levels. So especially when we came to the high wall level. So I was figure out for myself. So we have a pin risk most of the time from 30 points. So where we should be calculated. So if we would trade the levels so the pinwheels should be calculated with 30 points based on my experience. It's not backtest. It's something what I'm personally observe all the time. Is there something also what you observe on the ES where you can say so you like the call resistance. So but how many stop loss you would be saying in it's based on your experience of course would be a good one that you can avoid the pin risk so that you not get flipped out with slippage or something like this.

[00:16:10.07] - Speaker 2
Well can you define pin risk And I'm not sure everybody knows what that means.

[00:16:14.05] - Speaker 3
Yeah, the pin risk means so if we touching for example now the call resistance so we hang around maybe on the NQ all the time on the call resistance maybe for I don't know, 10 minutes, 20 points up, 20 points down, 20 points up, 20 pointsdown. And then boom, we get the move in one direction maybe to the upside, maybe to the downside. But if you notice and if you observe this because I'm trading most of the time only the NQ and I'm looking very closely to this how many pin risk we have. So how, how much I must be calculate into my risk management. So most of the time this means 30 points for me. Yeah that the trade will be valid after retouching 30 points. So if we going more down than 30 points not in my favor of course then I know, okay, the trade is no more valid. But most of the time in this span from the 30 points it's also valid to trade. But is there something what you also observe maybe for the NQ or for the es, you know, that's a, that's.

[00:17:17.13] - Speaker 2
A really good question because using the NQ as an example and, and just even looking at, at this right now, this call resistance, there's, there's, there's a confluence of three things here. So how would I calculate my risk? Well, I'd say hm, there's, there's the call resistance. There's a blind spot in here, right. So that everybody can see the blind spot. I'm gonna close that. So this is blind spot.

[00:17:41.29] - Speaker 3
Let's step into this. Let's step into this. I think it's 25 points. Something about this.

[00:17:47.06] - Speaker 2
Yeah, so, so there you go, there's the blind spot. And for me I would be calculating based on my, my trade yield risk. So if it's you know, $400 and I'm using micros for an example, then that's, you know, that's, that, that's 20 points that I have to have to play with. I think mathematically so, so I would, I would place a stop somewhere above here. This is on, on a reversal, right? And I want to see, I want to see a reversal happen and I'll have a sell right away because my observation is you get a quick reversal on the first touch and then I, and then I'm out, out of the trade. So I'd have a stop probably, you know, somewhere around here. Around here. Because if it breaks through here, it's probably going to GEX 9. And you know how when, when the call resistance is broken. I mean you, you have beautiful trades to the next levels.

[00:18:47.05] - Speaker 3
But that, but this is exactly what I was also observed. So you were saying. So I think you were, you was figuring out 20 points, 27 points around the numbers. Yeah, I was observing many times that people were day trading the Nestec, they're giving maybe only 20 ticks but this would be not working. So this was my observing most of the time if you want trade the levels. So if you want like the call resistance or put support but you say to yourself, okay, I, I'm risking only 20 ticks. So sometimes it works if you get it really quick but most of the time you, you, you have to calculate in this, the pin risk. So what I mean, so the 20 points or something like this. So if you not do this, it could be. Yeah, you can stop out and this will be not the best way.

[00:19:39.05] - Speaker 2
Well, there's something also that I calculate called fractal rotations. So it's over a 20 day average. What is the fractal rotation or what is the average? It's basically the average rotation of a particular product. You know, before it as it's wiggling, it's basically, it's the wiggle size because you know, products, if it was going from low to high, it doesn't go in a straight line, it, it wiggles and it's gonna, it might go up 40 points and pull back 30 and then go up, you know, 20 points and pull back 20. And then, and in, in the ES it's about, it was about 4 point. About 4 points, like 4.3 points. And in, in Q, it's, it's around 22 or 23 points. So that makes sense. You know, in other words, if you just had a 20 point rotation up, that's not the place to enter the trade because you're likely to get a 20 point pullback before you go to your ultimate target. So you got to keep that in mind when you're, when you're entering a trade.

[00:20:59.29] - Speaker 3
Yeah. And also if you won't be shorting the call resistance, for example. So what I was observing is place your, your trade, not directly on, on the call resistance, place this 20 points below. So you will see first that retouching this level and then wait 20 points until we came down back and then take the market order and go in before. Most of the time it makes no sense because you have the 40 points risk. Yeah. So 20 points to the upside and 20 points to the downside. So in the end it's 40 points. If you can handle this with your account, okay, it works. But you can be also getting crazy losses. So this is something what I was observing and it's cool that you can confirm this also. So same observing, probably what you observe with the pin risk. So we were speaking about this, I think when we're talking about the levels, I think for a few weeks. And it's also an academy. But when it came to pinwheel risk, of course we was not back testing this. What you observing Fabio, in this case.

[00:22:13.23] - Speaker 1
I think you always have to combine it with, with the charts. Always look at the, at the bar, how wide the bar and also how, for example, big is the expiration. So we see a lot of risk coming close to big expiration like opex. So during those times, you know, the last Friday of the month, that becomes like some of these level become very sticky. So you see a lot of like activity in and out the level. Right. Because of the, the hedging activity. I also see what I've. I witnessed and again it's not backtested as well is I see that every time we have a strong break of the 1D max and you have another level way above. So if you add the core resistance way above that, it tends to get to that level and retrace. So we see a strong move above that. And we also went. One of the things that we witness a lot is obviously the move that you trade pattern is the break of the hy level. We see a lot of volatility once you cross above and below that level. So like we see a lot of movement.

[00:23:24.12] - Speaker 1
Yeah. And also another one when you cross the put support like you, you show it, there sometimes is a very strong momentum to the downside. So if you have for example put support level with not really other like important level below that, then sometimes you see like a very strong downside move if you break.

[00:23:47.28] - Speaker 3
But maybe we should clarify this again, Fabio. I think if you, if you prepare for this or, or maybe you can speak about this. So what has happened when we going above call resistance on the field of the market maker and if you go above the put support. So what is most of the times reaction so that, that people getting an idea who listen the first time maybe for us when we're speaking about the levels.

[00:24:14.08] - Speaker 1
Sure. Let me share my screen once again.

[00:24:21.29] - Speaker 3
And it's so hard Barry, every time when I'm watching your scream, I have to trade idea in my mind. But I will, I will promise myself I will not take a trade when I be in the live stream now. So and so I see this how it goes up, up.

[00:24:40.29] - Speaker 1
All right, so let's take an example on Tesla for example. Right. So if we look at Tesla, we have our, we still have our core resistance at 500, right. So even though the price has kind of dropped a little bit in the last few weeks, there is still a lot of option activity at the 500 level. There's still a lot of positions that are open and you can also see it on the multi expiration. So you see that basically this level is quite strong right there, right here. And then here we have 480 and here we have 500. So in the June expiration we have this 500 level as well. So think about right now the price of Tesla is at 398 so $400. So those options that you see right here are right now out of the money, right? So the delta of those options is quite, quite small. So therefore the hedging activity of market makers for these 500 strikes is lower than it was a few weeks ago. And think about as an investor, so if you barrier, Patrick, if you are buying those call options right now, you are out of the money.

[00:25:56.27] - Speaker 1
So you are hoping that the price will get to 500 before your expiration to potentially make profit. If the price approaches this level, then from an investor standpoint, your options start becoming more and more kind of like in the money and you start making profit. And when it touches the 500 level, if you are holding that strike, then you might not take the chance of, of open that the price goes above, because it could go above and obviously you would make more money, but you could also bounce back. So as an investor you might start closing those positions and therefore you're starting to release that the need of hedging for those position. And therefore that's why the core resistance becomes a very big reaction point. Because as more investors might close their position, then the market makers doesn't need to hedge anymore and therefore kind of goes in the opposite direction. So therefore the price kind of like bounces back. But it could also happen that, let's say for example, that in this case Tesla has really great earnings and really strong momentum and everybody believes that the price could reach 600, then that co resistance could trigger an inflection point, so a stronger momentum to the upside.

[00:27:07.02] - Speaker 1
So that's why kind of like we call it resistance because it's resistance from the options data. So it's obviously what could happen if the price approaches the level. But it could also become similar to what you do in technical analysis, the way when you break resistance, it could become then obviously a stronger support because you see an inflection point. So I don't know if that clarifies the question.

[00:27:32.24] - Speaker 3
Yeah, perfect. And I was seeing something on your watch list. Fabio, can you go again to your watch list on trading view? Because I have not opened my trading view. So what I was noticed also only as a little tiny insider more in the pro membership what we have have now, but only as a little tiny insider for you guys. So if we came to some major level like put support call resistance, high wall or whatever, GEX1, maybe GEX2 also and you see something like this, so Tesla 399, so we are now on a round number. So if Tesla Will be going over 400. So we're getting the crazy push from, From Tesla to 400, 401, 402 maybe then you will most of the time see also the push through the level like if maybe put support, maybe call resistance, maybe whatever, call it whatever you want. But the major levels and this is also really really powerful. So Google 197. So we're speaking about only the magnificent seven. Yeah. Apple 242, nothing will happen. Microsoft also not. But Nvidia now we are over 140. So 140 is in round number. So but the next one where we have to look very closely in is Tesla with 398.

[00:28:56.06] - Speaker 3
Can we go over 400? If we're going over 400 we will hitting a new level on the Nasdaq where we touching or breaking through some level. This is something what I'm looking also. Also if we have the down and we may be on, I don't know Tesla 401 or Nvidia 140.53. If Nvidia goes to 139, 138, boom. We're getting also the move on the Nasdaq. And if we be now in some area of a major level, boom, we go into this. This is why you have your watch list always on your site. This will help you very very often take a very closely on the magnificent seven round numbers. If we approaching a round number like 40, 50, 60, 70, 80, 90 or the 100 levels much more better like Tesla we maybe be hitting 400. I don't know. This is something what's really often observing.

[00:30:00.15] - Speaker 1
Yeah, absolutely. The other thing that I also look for is the swing levels. So I always look for areas that could become interesting. So in this case, for example, we have our five days level on Tesla which is 356 and our risk trigger 432. We're still kind of like in a bullish bias based on the model. As you see we have a lower band right here and we also have our back testing results right there. If we wanted to look further in the in time. So if we look at our 20 days now, our lower band is at 318 and our risk trigger is at 469. We're still in kind of like a bullish bias like you will see here like the lower band. And, and those could give you like a good idea. Okay. Like over the next 20 days like what could I expect to the downside, what could I expect to the upside.

[00:30:55.11] - Speaker 3
Exactly. And something what Is I cannot stress this enough, Fabio. I think the really important one as a day trader for us is the risk trigger from the swing trading levels, because they have the same power like the high wall level. So if you have a risk trigger on your shot, if you convert maybe the QQQ levels or the NASDAQ levels, and you have on risk trigger in this area, take a very close off this because this is the same. Maybe it's not the same on the technical side, but for me it's half the same power like the high wall level.

[00:31:33.23] - Speaker 1
Yeah.

[00:31:34.17] - Speaker 3
So, you know, I'm not an options trader. And the highball level, I call this the money printing level. And the risk trick is also the money printing level. If you're reaching this level, boom, there will be some opportunity for making money. Also some opportunity to lose money. But more likely if you observing this, and this is why we, we, we, we tell this anytime. I, I'm, I'm strongly believe if you be new on Mentor Q and you start first to observing the levels like what we was doing with Barry, what we was talking about, hey, what is the maybe our risk, what we should be take on this areas when we come to this, like the 30 points, 27 points if you remember, if you're observing this and if you find this out and then you, you also become more advanced in the swing trading level. So what is happened if we approaching a risk trigger level, then you're getting more and more opportunities in the market. And this is something what we want. We must know where we can make money and where we have to stay out. For me personally, if you're looking today in the, in the nasdaq, there was only one opportunity, but I was missing this.

[00:32:52.14] - Speaker 3
But it's okay. There was when we touching the put support, this was my only opportunity. Otherwise there was no opportunity for me. From my perspective where I can say, okay, this is an and good area where I can risk something to have a very good opportunity to make profits. The other thing would be for me flipping the coin and depend on my risk management. I would make money or not. Yeah. So and, and this is something. If you find out where you can make money, boom, this becomes so powerful. Then Mentor Q becomes your ATM machine. But first you have to make your homework and understand this. Like, what was Barry doing? Barry was confirming my ideas, what I was observing. And this is cool. If you're observing something like this, man, you become unstoppable.

[00:33:45.00] - Speaker 1
Yeah. And also like to go back, for example, we mentioned some of the levels we also have Our screeners right here. So for example, let's say that Barry really likes our call, our reversal screen reversal trade on core resistance. Right, so now you have our core resistance screener. So based on the end of day data from yesterday, what are the stocks or assets that today are approaching core resistance? Right, so you have for example the nasdaq, the NDA, the NDX index. We have for example Soft Sofi or some of these other companies. But also let's look at the Hival level screener. Right, so we have ba approaching the IVO level. We have Etsy, Apple. Right, interesting. Right, so Apple is approaching the other level at the end of day yesterday. Or let's go into put support. Right. So we can go and see companies that are approaching put support. So spx. So today SPX open very close to put support. So we can go and see the activity there. PepsiCo like all of that stuff. So we have all the data right here that you guys can use to prepare your morning routine. So starting the day and then we can go into the data.

[00:35:01.08] - Speaker 1
So there was one of the question was, I think from Kai, can you show how you can put the intraday levels or the levels? Absolutely. So we can start with our end of day level so you can hit one of the tickers. So you can create your watches right here. And I can go and get all my levels. I can add them to trading view very easily, Add the indicator, add the levels and then I could add a second indicator and I could add also the intraday levels. But let's start with the end of day. All right, so we had our, so the SPX yesterday open or close. Very close to our put support. So we see kind of like this, the pinning effect that you were mentioning, Patrick. Like it's kind of what you, what we see here where we're struggling to break this level. We're struggling to go above there and we are kind of like in this area for the whole day basically.

[00:36:15.17] - Speaker 3
Yeah. And what was this like? Like look, look at this. So the puts put Support is on 5905. Yeah. Okay. It's SPX. So they are much more numbers of course. So yeah, but for the NASDAQ it would be like something like 30 points or something like this.

[00:36:37.10] - Speaker 1
Yeah, we can also go and add our ES levels. If we type our ES futures, we can also get those levels and we can update those. Yeah. So here we have our yes, futures options levels right there.

[00:37:18.20] - Speaker 3
And Barry Fabio, what do you think that we should share also some, some another insight. So to give them people some information, what they can observe.

[00:37:29.11] - Speaker 2
I have an example. I went ahead and looked in my journal of what we've been talking about with put support and call support breaks.

[00:37:37.19] - Speaker 3
Amazing.

[00:37:38.13] - Speaker 2
From January 2nd. Yeah. I can show it to you. I even got a video, but it's perfect. All right, so let me share. It's a different screen, so.

[00:38:04.06] - Speaker 1
Screen.

[00:38:04.17] - Speaker 2
It's.

[00:38:08.08] - Speaker 3
Okay.

[00:38:11.02] - Speaker 2
So this is the setup. Can you see the screen?

[00:38:17.10] - Speaker 1
Yeah.

[00:38:17.23] - Speaker 3
Yes.

[00:38:18.13] - Speaker 2
Okay. This is actually from January 2nd. And I'm looking at the market. I. This is the. Looks like it's the nq. Okay. And I said, wow, look at all this bouncing around. Call resistance and put support. This is a, this is a death zone. Like you don't want to be in a trade in between unless you're, unless your trade is trading in between these levels. But this is, you know, there's a lot of chop. And so my thesis was that it was going to break put support low. And so I had a sell stop in right here if it broke that candle. And my target was going to be, you know, GEX1, this blind spot, level 10, relatively small risk. It would be a momentum break because as we've observed, there's a high level of volatility that happens when, when put support is broken. Broken significantly. Right. Because here put support's been broken, but it just hasn't been. It's been bouncing around so it's not been done convincingly. So I had a sell stop for when it was convincingly breaking put support. Then I know there's going to be a bunch of hedging activity and I can ride that wave down, just make a nice $575.

[00:39:39.12] - Speaker 2
That was the trade setup. However, it didn't work out that way. So let me show you what, what actually did happen.

[00:39:52.11] - Speaker 1
Okay.

[00:40:00.18] - Speaker 2
Hello. Okay, so what did happen was put support was broken in the opposite direction. It was broken the other way. This is broken high. And I said, well, I can't take a trade now because I'm running right into call resistance. But then call resistance was broken and the next level was GEX 4. Right. So I thought it was a high probability trade to take along, which I took with, with a target maybe around GEX 4. But my conservative target was, was right here is where my sell limit was. So that, that's what I did. I, and I took a. This, you know, my journal. I try to journal my trades real time and write down what I'm thinking and why. And then I, I tagged these trades so I can go back and look at them. This was a call resistance break on the NQ, it's an example, etc. Etc. So that's, that's just a, just a little hint. If you're not doing journaling, journaling is really, really helpful to help you see these patterns and go back and look at them. But yeah, so, so it was, it was a very choppy area. So I had pretty, pretty low risk.

[00:41:23.09] - Speaker 2
Just one, one contract, one full size contract and had a nice scout there.

[00:41:31.21] - Speaker 3
But one question, Barry. So okay again and the next insight. So do you like the areas where we have put support and high walls, call resistance and high wall one day max, one day min. And high wall a booth together?

[00:41:52.29] - Speaker 2
I'm not quite sure. Are you saying if they're, if they're all.

[00:41:56.03] - Speaker 3
Yeah, you see, you see on your shot put support and the high wall move together on same level.

[00:42:03.19] - Speaker 2
Yeah. Yeah.

[00:42:04.29] - Speaker 3
So do you like setups like this? So sometimes we have also call resistance and high wall together?

[00:42:11.04] - Speaker 2
Yes, I, I like setups where, where they, they're convincingly above this area of congestion or below. I, I'm not comfortable trading in between them. I do think that's probably a setup because there's so much movement, but I don't have any data on it. And that's one of the things I'm, I'm trading on a, on a prop account because there's very little risk as I'm is, you know, too loud.

[00:42:43.13] - Speaker 3
Yeah.

[00:42:45.06] - Speaker 2
But if I've got real money on the line, I wanted, you know, in this case, I wanted to make sure it was. It broke above or broke below. So, and you saw my setup, I had a bias. It's gonna break below and I'm gonna, you know, GEX one's gonna be my target. Well, I was wrong. You know, my bias was wrong. And then I switched my bias when I saw it convincingly break above. It broke above this call resistance, it pulled back and then I entered when it went up again, that was, that was how that trade went.

[00:43:19.02] - Speaker 3
So, so for me basically to share my, my, my ideas on this. So if we see some setup like put support and high wall on the same price level like what we see on your shot. I, I'm not taking any trades based on this because for me that's too strong. It's like as you were seeing, so first you were short and then, then you was taking the long. Because I know on this area my, my brain goes crazy with me as a day trader, I think like, whoa, this is a great opportunity. No, this is only like, like flipping a coin. There are so many, many things going around so you, you get, you get stopped out very soon because of the volatility there. So it's, it's, it's too crazy. If I see something like this, I tell myself it's not in good area to take a trade. Wait until we're getting nice follow truth but not on the one minute time frame, maybe five minute time frame. Wait for the next candle close if you're getting some, some follow truth and then you can maybe possible going in but not on this area. What do you think about this?

[00:44:28.19] - Speaker 2
Yeah, I think, I think well from what I know of you, you're a, and you're a scalper. So that is a much more volatile area for you to think through. And typically I hold for longer swings with smaller size. So when I look at something like this I say well once it's broken above this area of congestion I expect it to go to GEX 4 or, or the initial balance or the initial bounce high. That was, you know that's my expect my expectation and so I'm willing to put my risk back down here in this area while holding for a longer move. And you usually I would do this with micros but I had micros in another in this same account on a short trade. So I had to use full size to, to take this trade. So sometimes I do that. I'll have different, I'll have micros and you know long or short and, and I'll have full size long or short just depending on my time frame and, and and my particular bias in that.

[00:45:35.20] - Speaker 3
Time frame and maybe maybe we can give also some some other insights. I think we have some time a little bit if you want we can share something. So what I was also observing and this is really critical so if you're being new on Mentor Q and you won't learn to understand the levels it's not only about if you be an NASDAQ trader or if you be an S P trader for the futures ES or or nq it's not only this so you should be also looking at when the market is open. So especially for the nq, how the QQQ is open. Did we open below put support or above put support? If we be directly on some nice area like high wall. So if we open a little bit tiny above high wall or below high wall, what's going on and on the opening where we open and the same on the vix. So if you see five minutes before market open and you see the WIX is approaching near put support or approaching near call resistance most of the time you can be sure there will be strong price action during the open.

[00:46:52.05] - Speaker 3
Not not something what would be regular. See there will be crazy price action because we are on near put support on near call resistance on the VIX and this is something where you should be also observing if you're learning and will be understanding more about mental Q how the levels are working observing also the market opening how the QQQ and the X or a SPY or WIX where they open. Did we below or above some critical area or did we approaching with the opening some critical area? This is. This is something what I was observing really really often and. And this is. This is one part of the. There are so many missing puzzles. If you're looking only to the NQ price levels I think you will. You will miss many puzzles. So one of the passes is looking to the open where we open and the other thing is one of the missing puzzle is now the pin risk and there are some other puzzles but we have not to share everything. But that's some crazy insights I think Barry. And maybe you was observing the same again. So looking at the open, where are the wicks where we open with the wicks on which area that we are between something did we between GEX1 or GEX2 or if we be near some GAX level or near put support call resistance high wall then then we become really crazy stuff.

[00:48:21.18] - Speaker 2
Absolutely. Patrick, to back up what you're saying, here's here's the VIX from today and notice where it opened today. And I was noticing this. It was. It was bouncing back and forth through put through the VIX put support level and there was a lot of volatility in the indexes around the open because you know, I don't want to go long or short in index unless I have a direction on the vix. And look at that for the whole first hour you have this pinning effect that where each 15 minute candle is going back and forth across the put support and HBO level zero DTE hvl.

[00:49:10.17] - Speaker 3
Exactly.

[00:49:12.16] - Speaker 2
And what happened? We had lots of volatility in in the indexes. So not a good.

[00:49:21.20] - Speaker 3
And this is, this is one of the missing puzzles. So if you're not be aware of this where the wicks are opening on what level we are approaching. So then you know exactly. Okay, this is now a good idea to take any trades. So because we we're hanging around on the put support nothing has happened. We have the pin risk now on the wicks or that we should wait until the WIX give us a clear direction so how the put support react. So then you can take a much better smooth rates but, but only as a little tiny mini puzzles will miss maybe.

[00:50:01.24] - Speaker 1
Yeah.

[00:50:04.11] - Speaker 2
Absolutely.

[00:50:06.08] - Speaker 3
Oh, in ten minutes. FOMC minutes. My ladies and gentlemen and I like this, look at this. So now we are approaching GEX1. So the Wix is going what we really like. So every time when we have some, some critical news or like FOMC minutes typical we stay on some nice area where we can have some reaction like X1 put support, call resistance, high wall. It's something what I'm observing really really often. So the market goes to the reaction points when we have the data. It's crazy.

[00:50:50.29] - Speaker 2
It's like.

[00:50:51.25] - Speaker 1
And on the other hand if we look at the es, you see now we are a put support.

[00:50:57.11] - Speaker 3
Yeah. It's always, it's always the same. It's, it's, it's crazy.

[00:51:02.29] - Speaker 2
Yeah. The ES is a put support and it's going down and the VIX is going up.

[00:51:11.08] - Speaker 1
Yeah.

[00:51:13.06] - Speaker 3
And now we can, we can build the parcel. All right, so if you think the market goes up, let's take a look to the weeks. So what we have to break, Is there something critical, what we should be breaking or what is more in our favor? Which levels are more in our favor for long or for short? So this is something what I'm observing also.

[00:51:36.04] - Speaker 2
Yeah. For me and it's, it's just my plan. I have it outlined in gray. When the VIX is above this line and I, I'm. Or excuse me, when it's, when it's moving below this line I'm, I'm looking long and you know right now it's below the, it's below the line. Sorry. When the VIX is going up, I'm looking, I'm looking short. So.

[00:52:08.29] - Speaker 3
It would be better. Yeah.

[00:52:11.15] - Speaker 2
Sorry, no words, they're inverse.

[00:52:15.20] - Speaker 1
Yeah.

[00:52:21.08] - Speaker 3
And don't forget tomorrow the market is closed. So if we're getting some price action it would be now I think the market is open for the London session and for the asus. Yeah. And then we close for the stock market hours and then we open again.

[00:52:40.29] - Speaker 1
Yeah, yeah. Look at the movement.

[00:52:47.06] - Speaker 2
I'll switch to a five minute candle. Somebody knows something.

[00:52:55.06] - Speaker 3
Oh, look at this. Nvidia 139. So we was on 140. So do you remember for I don't know, 15 minutes it was over 140 on Nvidia. Now we came to the critical area 139 below 140. Boom. So what has happened? Market came down and where we are. Look at this. This is why it's so important to have the watch list on your site.

[00:53:21.09] - Speaker 1
And you also have our core resistance area right there. So.

[00:53:26.03] - Speaker 3
Yes. Okay. We get some question I think from Elliot. When the price breaks truth Support resistance and 6x around stay away, it's stop loss day. Yeah. So I think everyone is have different strategies. So it's depend on your trading strategy. But yeah. So if this works. Yeah, let's go.

[00:53:58.17] - Speaker 1
Yep, yep.

[00:54:03.26] - Speaker 2
Yeah. When Elliot says if I understand his question, what happened yesterday when we were in positive gamma and price sliced through levels like butter. I. I think that's those are the great, great days because you know the levels are areas of interest but when, when they're broken with conviction and they're being sliced through like butter, that that's when you want to be in the trade.

[00:54:29.29] - Speaker 1
Yeah.

[00:54:31.17] - Speaker 2
And you know, even on days like that though, there are pullbacks. What I, what I've tried to do to avoid the zigzag, to avoid getting chopped up and having a bunch of stop losses is I like a day when it slices through like butter. But then I'll take the first pullback to go short or long. And there's, there's always a pullback. There's, you know, you can't be afraid. If you miss it, you miss it. You know, I don't go out on New Year's Eve anymore because I just, I guess I just miss out all the fun. But the same goes with some trades. There's always another trade. Yeah, there were some great.

[00:55:19.14] - Speaker 3
This was really a pain. So if you were saying, okay, I'm. I make holidays and then you see the market. Holy. It was, it was a little bit pain.

[00:55:30.15] - Speaker 1
Yeah.

[00:55:30.28] - Speaker 3
Yeah.

[00:55:33.09] - Speaker 1
All right, let's see if we got some questions. And Patrick, maybe I don't know if you want to spend the last few minutes talking about what we're doing next week.

[00:55:42.12] - Speaker 3
Yeah. So I think next week will be a really big week for us on Mentor Q. So um, we launching now office here our Mentor Q pro membership. And we want, we want to help you to go from zero to get funded. So remember we was doing this with Nicola, the session from zero to trader, it was really intensive and now we won't do this with you guys. So now we want take the time because we are in the new year. Some people have new goals, some people are struggling with get funded or some people get struggling to hold a funded account. So now we Want we won't teach you what what we was doing with Barry. How you can read maybe better the meta Q levels, how you can use Mentor Q as a funded trader or how you can use Mentor Q as a trader would trade your own capital. So this is why we named this course from zero to get funded. Also to prove that we can do the challenge. So we chose in top step for our challenge. So because it's like there are many traders on top step we're using Mentor Q.

[00:57:01.15] - Speaker 3
We have many funded traders. If you go to our member success we're using Mentor Q very successful and get funded. And now we want giving you the opportunity with live trading. So I will do live trading. We have two sessions every week. So week one, week two, week three. So the goal is the 50k challenge. So I think the goal is reaching 3k to to become successfully in in the challenge. And of course risk management don't risk more than 2500. So I was thinking like if we can do as an average every day US$500 so then the day will be good. So this is why we have six live trading sessions. For every live trading session make the target as 500 trading my trading with the mentor Q levels and see what opportunities we get. So I think this would be really powerful and I can't wait. And also ladies and gentlemen, on Monday we have also Anne Marie from Top Steps TV who will join us. We, I think probably we will do a little bit live trading with Anne Marie and me. So this will be a little bit sneak preview from what you will get on the pro and yeah I'd be, I'd be really, really cool with this.

[00:58:32.29] - Speaker 3
And also as a pro member we we was now speaking, I was speaking with Fabio. So basically my idea was how we can become more transparent to you as a pro trader. Especially for me to to how I'm using Mentor Q for my trading style. How I can become help you as a trader. Because my mission for 2025 is not that I become successful, that I make money. To be really honest with you, I don't need the money. I was trading 20 years for living. I'm really successful. I don't need it. Don't blackmail me with money like what Elon Musk was saying. But my mission for 2025 is to make you successful as a trader to that that you can have maybe a better life. So that's my mission and I think one of this is like to become really transparent with every single trade what I take I have also my journal There. I will also bring my comments there. So I was starting yesterday. It's only the first trade but we will have this for the full year. Every single trade will be journaled. And you can see the track record. Everything is proofed, everything is real.

[00:59:57.10] - Speaker 3
There's no hiding around you. And if we're going on the trades, you will see everything. I will, I will set up my. My playbook. What I really like. We're going into the trades. Perfect playbook trade long put support. What was my idea, what I was thinking the screenshot about this and all this stuff. So this will be crazy 365 days. So the 2025, the full year we were going through this. And everything will be journaled. Everything will be visible for you. You get everything. I will nothing hiding for you. I want that you understand how mentor Q works, how the mentor Q levels working. So like what we was doing with Barry, like Barry was going back in his journal and see. Hey there. Oh there was a put support trade. I want that you can do this also. Hey Patrick, let's go into your journal. What was. What was the put support rates what you take in the last six months and let can I see what was go. What was happened when put support was reaching. And then you can build maybe your own strategy based on this. If you be in tradezilla user, there's no affiliate with tradezilla.

[01:01:16.17] - Speaker 3
This is only because I'm using this. If you be on tradezilla user you can have the mental mode. So I will invite you as a mentor and then you can read the full journal. You can read everything also I will post screenshots daily. If I'm not taking any trades, I will post this also that you can see on my track record that I'm not taking a trade because sometimes I'm on holiday, sometimes traveling. Now I spend time with Barry and Fabio in the stream. I will not taking any trades. Especially now I'm missing FOMC minutes. But that's okay. So I will not taking a trade today because it makes no sense for me anymore. So for this reason if I'm not taking a trade it will be also journaled and that you can be getting a full one year track record from me with all notes, with everything. And I think that's amazing. I. I don't know someone who will do this. Open like open like, like an open book. So it's crazy.

[01:02:25.18] - Speaker 1
Yeah, that's great. It should be very exciting, Patrick. Also because we're going to have a lot of new tools coming up And a lot of new stuff and new models, new integration. So all throughout the year, we're going to add a lot of tools to our tool deck. Hopefully we can show that too.

[01:02:50.22] - Speaker 3
But to be 100. Sure. I'm only in futures trade. I'm not trading stocks. I'm not trading options. I'm a futures trader, of course. And I will not switch to options. If you ask me, Patrick, can you trade options? No. If you ask me, can you trade ETFs and stocks? Nope. Can you trade bitcoin? Nope. Can you trade forex? No, only futures. But most of the time I will. I would think, 99, you will see me that I'm trading domestic, maybe 1%, something different, but 99 only nesting. That's my focus.

[01:03:30.22] - Speaker 1
Yeah.

[01:03:33.07] - Speaker 3
And I think, Barry, you. If you're looking into your journal, you have also maybe 60, 70, 80%, your baby, what you trade most of the time.

[01:03:44.12] - Speaker 2
Yep. And I tr. And I trade. I trade around the indexes. I do like options, and I. I do like the levels where I know that I can sell a put or I believe I can sell a put or a call above that level to juice my return a little bit on my trade. 0 DTES or. Or 5 DTES are the two that I trade. And. Yeah. And I have a strategy for getting called if I. Getting assigned. If I do get assigned, because I build. I do swing positions too, in the. In the indexes. And. And that's. That's been a lot of fun. That's. That's my new focus for 2025 is to get bigger moves.

[01:04:34.20] - Speaker 3
Oh. If we speak about focusberry before we close the life, I'd be really interested in what you was learning or what was the market teaching you 2024 and what's your major goal for 2025, especially for trading?

[01:04:56.09] - Speaker 2
Well, on the technical side, the. What the market taught me was that the moves go longer than I think they'll go. In other words, trust. I need to just trust the math. You know, the math is the math and. And the probabilities are the probabilities. And I would try to influence the probabilities in my behavior by cutting. Cutting early, taking profits too early. So I wanted to increase my risk reward in looking through all of my trades in 2024. So many times I left money on the table because I just didn't hold it to the mathematical target that I typically predict. And so I'm. So that's a real focus for 2025 is just to hold to the target. Okay.

[01:05:52.00] - Speaker 3
I'm 100 guilty. Let so many profit on the table.

[01:05:56.17] - Speaker 2
Yeah, it's hard when you, when you see that huge greens number on the first volatility spike, you know, you think, oh, I'll just take it off and then, and then you leave a lot on the table. So that, that's number one. That so on, on the technical side and then on the, you know, sort of on the, on the spiritual psychological side, you know, for me, trading is, it is. I'm working on my attachment and I noticed that when I'm trading, I will sometimes equate the money to something like a car payment or, you know, or a plane ticket or something like that. And that is not helpful because then it makes me a little crazy in the head. I mean, I would literally say, oh cool, this is a, if I hit this trade, I'm going to buy a ticket to Sedona for, you know, for next week. Which I thought was, you know, a way to motivate myself. But it turned out that it actually increases my anxiety and I become attached to the outcome instead of just following the math. So. And I know I didn't really notice that until I, I had written it 10 or 20 times in my journal and then I was listening to a podcast saying, you're an idiot if you do that.

[01:07:17.01] - Speaker 2
And I was like, yeah, I can see, I can see why I am so.

[01:07:23.17] - Speaker 3
But if I will not do this attached to, to something 100, my wife will be attached to something because she is really excited about the outcome. So she think like, oh, we can go shopping, let's go. So my son, my five year son, daddy, you was making money today. All right, let's go. What it's. If we not attached, I will promise you the family will be attached to the outcome and hold us accountability. So yeah, that, that's the other part. Yeah, it's. I, I like this. And Fabio, what's, what's with you? So what, what the market was teaching you 2024 and what is your goal? Not for mentor Q. I mean for you as a trader.

[01:08:08.10] - Speaker 1
So I think for me the, the 2024 confirm the trend that we're on that was started in 2020 like we saw. I don't know if you guys saw the email I sent before Christmas that the option flow is still very strong for 2024. And I think for me it's a change in kind of like the strategy or a confirmation of the strategy. So not because we are building it, but because the market is kind of shifting. So I think with the we've seen a lot of growth in AI and I think like focusing on really using more data into trading decision I think is going to be key for the next five to 10 years. I think in 10 years at one point robots are going to trade for us, but I think we still have like a shorter run where we can kind of define our strategy. So I think for me the focus here is really to build better tools, leveraging the data that we have, leveraging the models, build better strategies, automate a lot of stuff. So yeah, and I think we're going to talk about actually this is going to be a good one because next week we actually have a lot of really cool sessions.

[01:09:22.25] - Speaker 1
So for those who are into technology, who are into like quant strategies, we're going to have a very, very strong session here with Tarsis. Tarsis is one of my ex colleagues. In my previous work experience, it was the head of product manager for Two Sigma, which is one of the largest hedge funds in the world. And he's going to talk to us about quant strategies. How do hedge funds trade? So it's a very good chance for you guys to ask any of the questions that you might have always had in your mind, but you never had the occasion to get an answer to.

[01:09:59.20] - Speaker 3
Can we ask any questions?

[01:10:02.21] - Speaker 1
I think so. Let's see.

[01:10:04.07] - Speaker 3
Oh, nice.

[01:10:05.06] - Speaker 1
You will be available to answer that, but I think so. Yeah.

[01:10:10.12] - Speaker 3
Okay. All right. So what I was learning 2024 is I was getting two lessons. Lessons. Number one, there will be always beautiful woman. So but not based on, on women's outside. I mean, beautiful woman. So what we were seeing, we were seeing crazy new highs on gold. We were seeing crazy new highs on, on bitcoin. And I am al as a NQ trader most of the time only trading nasdaq. I get a little bit missing my focus. So because I was seeing like all the people around me was speaking about gold. Hey man, do you see this gold? What's going on? It's crazy. You should be, you should be trading gold. And I see all the people who are making around me so much money in my and in my friends making so much money with gold. Crazy. I was thinking, man, what I'm missing. And then I was focused on gold, looking to gold a little bit more. But in this case, I'm missing my moves on the nasdaq. And then at the end of the year, same has happened to me again. Bitcoin. Oh my God. Everyone was speaking about bitcoin. Everyone was saying, hey man, you should be invest in bitcoin.

[01:11:24.11] - Speaker 3
Let's go. We, we going to 100k. And I was thinking like man, this is garbage for me. I, I don't trust this. So that's. I don't know you idiots, what's going on. But they proved me wrong. So we go into the 100k and then if it was on 100k, I was seeing, okay man, how I can short this. That's. And then I lose again my, my crazy focus because I was studying a shitty bitcoin. My point of view for other people, they like bitcoin and, and they, they're thinking like crazy. It's okay, but it's not my business and I'm missing my, my, my focus. This was beautiful woman's outside. But you have to stay on your wife. So my wife is the NASDAQ in this case. Don't, don't get attached to other, other beautiful wives. So lesson number one, lesson number two. And this has something to do with mentor Q and, and with the community. You know, we came from chat with traders community to mentor Q and of course there be more professional traders. There are more, I don't know, more people who are trading volume profile, more good trading options. And this was so scary for me because everyone was teaching about volume profile.

[01:12:49.16] - Speaker 3
Oh man, you should look into this. This. And then this was happened to me and I was be like a beginner trader. I was looking to the holy grail. I was looking, okay, what I can maybe learn from volume profile, what I can learn from the options, what I can learn with this. What then then I was speaking with Fabio. Maybe Fabio you was. Remember I was asking, hey Fabio, you have to, to teach me how I can trade options. And. And I was losing my focus again. And it was happened again to me and this was the one of the biggest lessons. So hey man, if you have an edge, if you're making steady money with something man, don't become a strategy hopper. Stay on your side, do what you what's make you successful and let the other do what they're doing. And if they be successful with this, it's perfect. Let them be successful. That's not your business. This was, this was my learning from 2024. And what is my big target for 2025 is I think this have also something with trading, but it's more the time management. Time management is something what is a really big one on my, my side.

[01:14:02.25] - Speaker 3
Because if I'm doing something I be thousand percent committed to something not 100,000%. If I be on, on Trading and I become a monster. You. You will not see me from the desk. I will, I will stalking the shot. I was stalking everything and. But I'm missing to see how my children's are growing. I'm missing my family. And this is something where you were seeing also Barry. So we have to detach. So I have to detached from my trade. So I have to say, okay, if I be spent only two hours on the trading desk, that's fine. So if I be on a meeting with you, Fabian Barry, I have not to trade. It's fine. So this is now focus time for here for the live session. If I be hanging around with my. With my kids, man, I give them one hour for my time to play with them. But focus on focus. Not looking to smartphone, not looking to the market. And this is, this is one of my biggest challenge, how I can bring the time management in combination with trading together. And also if we have now the pro session, ladies and gentlemen, you get also time from my side.

[01:15:18.16] - Speaker 3
I spend time with you. So how I can manage this with my private trading activity. So this is also some, some huge thing where I have to be managed and have to be also understand. Hey, if. If I'm teaching you something, I have not to be in the same time in the market. So my focus is on you, not on the market or split. I'm not a woman. I can focus only on one thing. Woman's can focus on 20 things at the same time. I cannot do it. It's like. It's crazy. But this is something what will be my challenge for 20, 25.

[01:15:55.21] - Speaker 1
Yeah. And I think also I think it's giving away your knowledge. I think it's a big challenge for you sharing it, sharing your knowledge. Because I think with what you're doing with, with the account, you're gonna like share a lot of the things that you learn over 20 years.

[01:16:14.02] - Speaker 3
That's the pain. That's the biggest pain in the ass. Okay, maybe, maybe we have five minutes I can share share the story. Last week I was speaking with my wife about the idea and she said, Patrick, you want this really? Maybe think about today. And I was thinking, and so yeah, I will do this. And I said, okay, let's go. And then I was realizing that's a pain in the ass. Because everyone who knows me from the chat with traders community, I hate journaling. That's normally the biggest for me because I know in my brain exactly what I'm doing after 20 years of trading. Most of the time I know exactly what I'M doing. I know exactly you. You can speak about me with. With what I was doing wrong for six months in this trade. And I can give you exactly the answer, but I have never journaling this because this is taking some time for me to write something down and this is the pain in the ass for me, but I'm doing this for you guys to go through the pain. So. And this is really something. What? What? Yeah, this is a challenge.

[01:17:21.29] - Speaker 3
Yeah, you're right, Fabio. So the journaling, the journaling is the biggest. The biggest part for me. Where's the challenge for me? Because I'm not the guy who would journaling normally. And I was, I was talking to you, I think two days before when I was journaling something for presentation what we have this week. And I was journaling and I was saying, fabio, that's a pain in the ass. I was writing you, I think two times, Fabio, it's a pain in the ass. I hate this. But now I've committed one year. So. Okay, let's build new habits. And I think we starting really fresh with 20, 25. And it's, it's, it's. It's always the perfect time. To building new habits.

[01:18:02.13] - Speaker 1
Yeah.

[01:18:03.14] - Speaker 3
And I think if I can do this as an experienced trader to building new habits, then you can do this also. Maybe you have some risk management or mental or, or entry or exit or FOMO or what else. Maybe you have some problem in the past. Let the past be the past. We are now in the future, so now we can build great habits together. I'm going to pain for you, and I want also that you committed to something if you're working with us, that you're going also to some pain. Something get out of your comfort zone. That's something what I was learning. Get out of the comfort zone. If you get out of the comfort zone, you're growing. And I'll be 100 sure. I'm as a person and also maybe as a trader, I will grow 20, 25 really big. And if you were hanging around with us, you will grow also as a trader really big. Maybe not with profits, but if you're not going with profits, you were growing with experience and the experience will pay you off maybe in the next 10 years. And that's one of the big things.

[01:19:10.05] - Speaker 1
Yeah, absolutely.

[01:19:13.02] - Speaker 2
I would say as a developing trader, if you are not journaling, you're and you're not and you're not profitable, you must journal. You must journal. So you can get three attempts at every trade and it's the trade that you take, it's when you journal it, that's attempt two. And then when you review it, that's attempt three. And those three attempts at every trade will incorporate the knowledge into your brain. You'll use your left free prefrontal cortex when you're writing it down. You'll use your amygdala when you take the trade. And then you'll engage everything when you review it and you think about how you felt and what you were thinking and what you learned. And that is probably the number one thing that accelerated my development was putting everything down on paper or electronically and making the observations and talking to myself about what I was, what I did right and, and what I did wrong and what I would do different next time.

[01:20:16.27] - Speaker 3
Yeah. And I think why I'm not really liking journaling is an average. If you're going to my track record, I will do an average. I like 260 trades each day. 260 trades and you will journal everything. That's. It's impossible. But now that I have to be journal, I'd be really selective what trades I take because I know I have to journal. Now. Don't take too many trades because otherwise it becomes a full time job that you have to write down everything. And this is something what I will not doing.

[01:20:55.24] - Speaker 1
Makes sense. All right. Okay.

[01:21:01.14] - Speaker 3
So Barry again, before we go, before we go. I know you want, you won't come to the end, but. But let's give us eight minutes. So then. And it was really good. So FOMC minutes are outside. Fabio, let's take a look into how our levels was reacting. Come on, don't hide this. Let's see how we was doing like on the years on the nq. Was we doing well? How the levels was holding, what was happened?

[01:21:34.08] - Speaker 1
See? So let's go back to nq. Is there any ticket that you want me to pull up, Patrick, or just.

[01:21:47.09] - Speaker 3
Whatever you want. You are the boss. You are the CEO. I'm only a trader.

[01:21:57.02] - Speaker 1
All right, so let's go on nq. All right. We had the. Yeah. This is what you were calling before. Right. Pattern put support.

[01:22:17.20] - Speaker 3
So basically nothing missed. Oh, Nvidia. Nice. Nvidia was stopping right on call Resistance. Yeah. Correct.

[01:22:29.00] - Speaker 1
Yeah.

[01:22:30.08] - Speaker 2
Boom.

[01:22:31.07] - Speaker 3
Nice.

[01:22:35.22] - Speaker 1
Yeah. And then if you want to see what core resistance means, we can also go to our Nvidia dashboard and we can also see kind of like what the level represents. So look at how big this level is. Like this 140. Massive, massive collectivity. So it does make a lot of sense that it's very hard to breach this level. So it's very, very. Yeah, it's a very, very strong level. And again, if we do breach this level, then that could become a big kind of like inflection point. So here, right here, look at this.

[01:23:16.10] - Speaker 3
And what is the cool, cool, cool stuff, Fabio? I think we're getting the new intraday snapshot really soon here after FOMC minutes. And we're getting this also before the FMC minutes. So if you was taking advantage of our intraday snapshots, especially as a stock trader, it was a good idea to take it especially from Nvidia if you're trading the future. So you can convert NDX or QQQ maybe to nq. So you can take also advantage on the change during fomc especially we, I think we have this intraday levels, the snapshots, especially for events like this. So when we have cpi, when we have fomc, when we have earnings before earnings. So that you can take advantage of this.

[01:24:05.04] - Speaker 1
Yeah, so this is. So as you can see actually intraday, the core resistance moved up to 150. Right. So you see the latest 1230 snapshot and we can always go back to the previous one. So at the open, I think we saw this, the strong move where the core resistance kind of moved to 150 and therefore look at this kind of move right here.

[01:24:31.04] - Speaker 2
Yeah, it makes sense because when we had those up, the, those up moves, I was selling calls at 150. I mean guys are like, you know, the, the other GEX level was, was 145. So I'm trying to buy, I'm trying to get, I'm. And we had an up move. So the premium increases. I get more value for the short calls while still maintaining a, hopefully a statistical edge that it's not going to go over that, you know, and then when it drops, then you can buy them back. But, but yeah, it's.

[01:25:08.10] - Speaker 1
Yeah. And then what you can also do is also the difference in JAX compared to the end of the day, the previous end of the day. So like for example, if we go Back to our 993-9935 snapshot, we can see that compared to the previous close from the day before, we have a very strong increasing gamma, the 150 level. So very, very important data.

[01:25:44.20] - Speaker 2
Yeah, positive.

[01:25:47.06] - Speaker 3
And I get, I get a message, Fabio, from someone of our discord. And I think I will read this because I think it's really important. And let's clarify this. I will not name it Will send me the message. He was, he was writing like. So what are the trading details you are sharing beginning yesterday. So what I was sharing with you is end of the day I will journaling my entries, my exits and I giving you insights why I was going in, why I was going out, what I was seeing. So I will not share with you trading signals. So you don't receive trading signals. To be really clarify. Yeah, the trades, what I would share with you are done. So but you can, you can, you can take a look into my mind you so you will see what was in my mind when I was taking the trade. And as a pro member, so you have the opportunity to. To live trade together with me. So maybe this is also really important. According to the announcement, you will share when you get in the trade, when you get out and limit yourself to five contracts per day when you trade.

[01:27:00.27] - Speaker 3
Yes, that's correct. So I limit myself with five contracts because if I'm taking 10 or 20 contracts, so most of the time this will be unrealistic for you. For me it's realistic because that's my normal, normal size. So this is why I was discussing the Fabio, how we can find a good number for other people to follow. Not too big, not too small for me and five would be a good number. So maximum five contracts open at the same time. But I'm trading always the full contracts. Yeah. So es, nq, not mnq, not MES or something like this seems to be good to be true for your giver give away this without any compensations. So this is not true. I get a compensation. I. I don't receive money for mentor Q or compensation for mental Q to doing this. To really clarify, but what is my compensation? And now the. The catch will become. I will become accountability to every single member from mentor queue to you, Barry, to you Fabio, to everyone. Because everyone can, can see what I'm doing now. And this is my wife called this, this is big pressure for you.

[01:28:16.10] - Speaker 3
But I don't call this pressure because this is something what you was earned. So for me that's no pressure. So this is something what I was earned. And now I can can prove myself to you that I can do this with all the pressure. And I was speaking yesterday with a good friend from me, Barlow, who will join us next week. And he said, hey, Patrick, live trading is a pressure. Live trading is really hard. But now to become accountability. A full year, 365 days. Holy. They see everything. When you be good, when you be down, when you struggle. They see everything Are you sure you want this? I say yes, I want this. I won't become accountability. And that's the compensation. That's my really compensation. Yeah, the accountability to every one of you. Of course when we be in the live stream you will see this, we will share this 100 and I become accountability. That's my compensation. And at the end 2025 SSA I would grow as a trader really big.

[01:29:23.24] - Speaker 1
Yeah.

[01:29:24.08] - Speaker 3
And maybe if you follow us you will grow also with experience or with profit. Okay then, so, so what are your terms for the opportunity? So what are the terms? So I don't know. So become a mentor queue member. Become a premium member. Join mentor queue if you want. Hang around with me on the pro Life trading. So we have the Pro. So there will be from zero to funded. This is our kick off off event. So we were going much more crazy. We have accountability sessions also in the Pro. So you can become accountability to me. We go into your trades and we have also strategy sessions. So we're speaking about your strategy. So in a small group maybe and Fabio is there, there will be also some other traders maybe who were joining us. They're giving you feedback. So special guest. So think about what, what crazy people we we have. So we going with so many traders live in our YouTube sessions. So maybe they will surprise you and will show up in the Pro and then you can speak with them. You can, you can answer any questions. But maybe you have maybe about your strategy and then we fine tuning your strategy.

[01:30:46.23] - Speaker 3
Like think about you would be in a room with I don't know, 20 peoples. There's Barry, there's me and we're speaking about the pin risk. Hey, barely. You was observing the core resistance pin risk. I was observing the 30 points. What you were seeing. Hey man, I was observing 27 points. And then we get the next one. He say hey, I was observing the same. Oh nice. So in this case so we can build maybe a strategy together how we can can become successful as a team. It's not me, it's. I won't be to really clarify. We won't become successful. You should be become successful. I won't be that we become successful as a team. We are only strong like like the weakest people in in this Pro membership. If the weakest people in this in this room makes thousand US dollars or five hundred or be break even then this is in success for, for us, for the team. And and this is one of, one of the point. And I think I hope I clarify your your question. So I Was answering this life for you. Shout out for the good questions and.

[01:31:56.12] - Speaker 3
Yeah, I think that's it.

[01:31:59.23] - Speaker 2
Yeah.

[01:32:00.07] - Speaker 1
Awesome. Again, thank you as always, Patrick and Barry, as always, a pleasure.

[01:32:06.10] - Speaker 3
Oh, Barry, sorry for the overtime.

[01:32:11.18] - Speaker 2
So fun.

[01:32:12.26] - Speaker 1
And see you guys tomorrow. So we're gonna be live again. Not tomorrow. Next week we're gonna have. We're gonna start our weekly macro update with Tim. We're also gonna have the session with Ann Marie on Monday. We're gonna have a bookmap session on Friday. We're gonna have some special guests on Wednesday. Our daily plan with Doc. And we're gonna have a very, very special session with Tarsus. So please follow us on our live right here. And then if you just wanna join our mailing list, you can create a free account right here. But for now, like, I thank you guys and see you guys again tomorrow. Again, thank you.

[01:32:55.21] - Speaker 3
But Fabio, but Fabio, it's. Oh, man. Sorry, I. Oh, man, I doing the same behavior like. Like 2024. I have always the last word. It's just crazy or not, man. My wife telling me this also. But I'm the boss in this case, but not here. So I think Fabio, if you want, I mentioned Anne Marie trading with Mentor Q. It's not. It's not a session where we're talking. So we're doing, like live training together.

[01:33:25.06] - Speaker 1
Yeah, absolutely.

[01:33:26.12] - Speaker 3
So this will be a live trading session in this case. So this will be the kickoff for the pro membership, maybe.

[01:33:32.10] - Speaker 1
And then we be available for you guys on YouTube here. So if you go under a live. And again, don't forget to follow us. But you will have access to that session right here.

[01:33:43.23] - Speaker 3
Okay, I will close my mouth. So have a good one, everyone.

[01:33:48.12] - Speaker 1
Bye, guys. Bye.

[01:33:50.27] - Speaker 2
Bye. Bye.