Daily Recap | PnL: +$920 | Caught 100 points on my Live Account — Transcript

Full transcript

1. 0:00All right, so let's do a daily outlook
2. 0:02for May 18th, 2026 on Nasdaq. So we came
3. 0:07into discount overnight of the higher
4. 0:10time frame range. We were able to hold
5. 0:12discount and stay above the 29,000 area
6. 0:14or find a little bit of support here and
7. 0:16be able to push our way up. Now where we
8. 0:18are currently at in terms of gamma is
9. 0:20we're sitting right around the
10. 0:22transitional area. So right below HVL.
11. 0:25Higher time frame in general is still
12. 0:27bullish and we are watching us find a
13. 0:30bit of support here heading into New
14. 0:32York open. Now the most key decision
15. 0:34area for me today is going to be the
16. 0:37HVL. Now the HVL is sitting at 29,270.
17. 0:42Early on in the session, this is the
18. 0:43most important level. If the buyers can
19. 0:45push above and hold and break above the
20. 0:48HVL and start entering our positive
21. 0:50gamma territory, then the first real
22. 0:52upside target becomes the call wall as
23. 0:55well as Friday's New York session highs.
24. 0:57In the event that we even break the call
25. 0:59wall, then I will be expecting us to
26. 1:01potentially have a delayed or slower
27. 1:03grind up towards where the net call open
28. 1:05interest, call open interest, and
29. 1:07absolute open interest is actually
30. 1:08sitting. But for now, our eyes are set
31. 1:11on the HVL. In the event that we do get
32. 1:13above the HVL, I will be looking for a
33. 1:15continuation higher towards Friday's New
34. 1:17York session highs as well as where the
35. 1:19call wall is currently sitting.
36. 1:21If buyers fail to get above the HVL and
37. 1:24fail to reclaim this level and we begin
38. 1:26to rotate lower, then it is likely that
39. 1:28we continue a downside rotation towards
40. 1:32potentially P2 or even the put wall
41. 1:35sitting here at 28,860.
42. 1:37The game plan for this morning is
43. 1:39actually pretty simple. We're really
44. 1:41just going to be watching how the
45. 1:42auction resolves around the HVL this
46. 1:45morning. And we're going to be looking
47. 1:46to see whether we're going to continue
48. 1:48back up and continue the higher time
49. 1:50frame trend being bullish heading our
50. 1:52way back towards call wall or if we're
51. 1:54going going for a further drop lower
52. 1:57down in this negative gamma territory.
53. 1:59It's a very clean decision day today.
54. 2:00We're going to be watching HVL. We're
55. 2:02going to see how the auction actually
56. 2:03plays out and we'll see how it goes.
57. 2:05Now, let's take a quick break to tell
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77. 2:43match. Now, let's get back into the
78. 2:45video. Right now, we're retesting the
79. 2:47HVL. I think
80. 2:49we're seeing buyers try and reclaim the
81. 2:51HVL, but they're failing. I'm going to
82. 2:52go short right here.
83. 2:56We're seeing a large trade come in. We
84. 2:58have to hold this. We're approaching the
85. 3:00put wall right now. This is current put
86. 3:03wall sitting right here. So, we're
87. 3:04looking at put wall being right here.
88. 3:07It's bouncing back and forth, but
89. 3:08there's a very large negative gamma node
90. 3:10right here. So, if we can push down past
91. 3:13this big trade, I'm going to be trailing
92. 3:15my stop right below it.
93. 3:18So, now we're currently approaching the
94. 3:20put wall. If we can begin to push lower
95. 3:23through these orders, just like that, I
96. 3:26am going to have to trail my stop.
97. 3:28Stop's going to be going right above the
98. 3:30POC of this candle. We're looking for it
99. 3:32to continue down.
100. 3:37So, if we could break through this and
101. 3:38break lower right now, I am going to be
102. 3:41adding in and trailing a stop.
103. 3:44I don't want us to pop back up. I'm
104. 3:45trailing my stop right above these large
105. 3:47sellers.
106. 3:53As long as we hold below this, we should
107. 3:56There we go. Very large seller. We need
108. 3:59us to continue though. We can't have us
109. 4:02re- reject these orders like this.
110. 4:06All right, so we hit trailing stop. We
111. 4:08couldn't get past this area. We got a
112. 4:10lot of selling pressure step in. So,
113. 4:12right now I'm currently watching this
114. 4:14area right here. This is where the put
115. 4:17wall used to be today before ended up
116. 4:19moving back down here again. There's a
117. 4:21lot of negative gamma here as well as
118. 4:23some volume. So, we're going to be
119. 4:25watching to see if sellers want to
120. 4:26defend their position. If we begin to
121. 4:28see buyers start getting absorbed and we
122. 4:30begin to rotate over, I am going to go
123. 4:32short again. I'm going to go short right
124. 4:34here. Stop loss is going to be right
125. 4:36above these highs.
126. 4:38And we got to be careful about this
127. 4:39area. We're having sellers come in. We
128. 4:42had buyers failed to push back up. We
129. 4:44just need follow-through from the
130. 4:46sellers.
131. 4:49If this order gets rejected, it is a
132. 4:51pretty good sign for us to start moving
133. 4:53lower. I'm going to have to trail stop a
134. 4:55little bit.
135. 5:01We had a massive amount of buyers step
136. 5:02in here. They tried to step in here
137. 5:04again. They failed, which is a good sign
138. 5:06for this trade, but I do have to
139. 5:08understand that they are present in this
140. 5:10area. So,
141. 5:11we're going to trail stop.
142. 5:16We're trailing stop as we're moving
143. 5:18down. There is a chance we bounce back
144. 5:19up hard here. So, I'm moving the stop as
145. 5:22we go.
146. 5:24This is the most important area that we
147. 5:25need to break right now, that sellers
148. 5:27need to really push through hard.
149. 5:29I'm going to trail stop even tighter.
150. 5:31All right. We ended up getting out of
151. 5:33that for 50 points. I don't want to see
152. 5:35us bounce out of this area. We had
153. 5:36buyers step in here once. We may
154. 5:38continue down further, but
155. 5:41I don't want to risk it right now.
156. 5:42Volatility is very large. We can easily
157. 5:44just start snapping back and forth in
158. 5:46this area. Now, it may still work out
159. 5:48and we may make our way all the way down
160. 5:50here to P1, but this area right here is
161. 5:54order flow-wise, we had buyers step in
162. 5:56here, sellers got absorbed in this area.
163. 5:58So, if it happened once, it could
164. 5:59potentially happen again. So, I need to
165. 6:01trail stop pretty tightly and I'm happy
166. 6:03we did because we could see this moving
167. 6:05back up relatively quickly. So, at this
168. 6:07point, we took two trades, that's two
169. 6:10wins. We're going to wait a moment and
170. 6:12we're going to see if there's anything
171. 6:13else we can take. So, the first trade
172. 6:16was for about 50 points, I believe. The
173. 6:17second trade was also for 50 points. So,
174. 6:20puts us up about 100 points on the day.
175. 6:22We're trading a live account, so we're
176. 6:23using smaller size, but this is great
177. 6:25volatility. There's a lot of opportunity
178. 6:27here and we are in negative gamma
179. 6:28territory, so there could potentially be
180. 6:31more moves. I mean, we're seeing good
181. 6:32volume right now, even this late in the
182. 6:34day, which is pretty interesting. So, I
183. 6:37am still watching this area, though.
184. 6:39If we see buyers attempt to push up here
185. 6:41again, we may
186. 6:44and they fail, we may be forming a
187. 6:45range, which this is a large enough
188. 6:47range that we can actually play this.
189. 6:49It's over 100 points.
190. 6:51So, if we get a slight overextension and
191. 6:53buyer failure, then we can try and take
192. 6:54another short.
193. 6:56All right, so what we're looking for is
194. 6:58about 130. We're looking for us to come
195. 7:00up to about 130 right now.
196. 7:03All right, so if we begin to see buyers
197. 7:06get absorbed, we're going to go short.
198. 7:10All right, I'm going to go short right
199. 7:11here. Little bit of a late entry, but we
200. 7:14popped into 130 and we started seeing
201. 7:16that rejection, so we're going to see if
202. 7:18we can actually take it lower and we're
203. 7:21going to be targeting uh P1. See if we
204. 7:24can make our push down to P1.
205. 7:32All right, we're 25 points in profit,
206. 7:34stops going to break even. As we begin
207. 7:37to push lower back towards the bottom of
208. 7:38this range, we are going to have to
209. 7:39trail stop even tighter.
210. 7:41We'll see we can get the push here.
211. 7:47All right, it came back up. There's a
212. 7:49chance we continue, but we're we are
213. 7:51compressing, so I do have to be kind of
214. 7:52careful. We went about 25 points in
215. 7:55profit and then snapped back. So, we may
216. 7:58call it a day there.
217. 8:00We had us come into that 130 area we
218. 8:02were watching for. We tried to see if we
219. 8:04would have that push lower.
220. 8:06We couldn't have the follow-through from
221. 8:08the sellers. We're beginning to compress
222. 8:09a little bit right here.
223. 8:11I don't want to see us get pinned down
224. 8:13here and begin to
225. 8:14chop essentially. The ATR is incredibly
226. 8:17large. On a 5-minute, we have an
227. 8:1981-point ATR. Which for trading my live
228. 8:23account, um it's slightly dangerous to
229. 8:26actually trade when the ATR is that
230. 8:27large. I have to use really small size.
231. 8:30So, I think what we're going to do is
232. 8:32I'm going to just call it here. This
233. 8:34idea may still work out, but it's all
234. 8:36right. We took a short up here. We got
235. 8:38out for about 50 points. We were trying
236. 8:40to target P1. We took another short
237. 8:42right here. We got out for another 50
238. 8:44points. We were trying to target P1. And
239. 8:47then we were trying to go short again
240. 8:48right here. We got hit out at break
241. 8:50even.
242. 8:51Um there is a chance that we still drop
243. 8:53down to P1, but we're green on the day
244. 8:56on the live account. Don't really want
245. 8:59to mess it up at this point. We're
246. 9:00compressing. It's better if I just kind
247. 9:02of call it a day and come back tomorrow.
248. 9:03But just to recap, the idea today was
249. 9:06very simple. We hold above HVL, then
250. 9:08we're looking for us to make our way up
251. 9:10here to the call wall. We held below
252. 9:11HVL, then we were we were looking for us
253. 9:13to make our way towards the put wall
254. 9:15down here.
255. 9:17When we came below HVL, we attempted to
256. 9:19push back up and buyers failed. So, when
257. 9:21we start rotating back over and sellers
258. 9:23start to step in, that's where we go
259. 9:25short. We tried to target P1. We were
260. 9:27getting some good momentum, and then P1
261. 9:30then switched to this level, which we
262. 9:32began to kind of find a little bit of
263. 9:34support here. So, when it popped back
264. 9:36up, it hit us out at our trailing stop.
265. 9:38When we came up in the HVL again, we saw
266. 9:40the exact same thing happen, but I
267. 9:42didn't want to take this trade because
268. 9:45there was a potential that we could have
269. 9:46just done this, right? So,
270. 9:50I wanted to wait for us to break where
271. 9:53the
272. 9:53put wall was temporarily. And once we
273. 9:56actually did that, we pushed down, we
274. 9:58try and push back up, buyers failed, we
275. 10:00pushed down again, and this is where I
276. 10:02went short. So,
277. 10:05we tried it again right here. It may
278. 10:06still work out, but we're compressing.
279. 10:09It's better to call it a day.
280. 10:11So, I'll catch you guys next time I
281. 10:12trade. We caught about 100 points today.
282. 10:15Peace.