Nailed a beautiful short on SPY today with puts for 100%+. #daytrading #stockmarket — Transcript

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1. 0:00Guys, I'm loading spy 6241D puts.
2. 0:03Loading does not mean it. Guys, I got
3. 0:04some status on spy. I'm going to use
4. 0:0562455 as risk. If we get a move of
5. 0:09clever, I'll add to my position. Okay,
6. 0:10my average is 182. I'll get an ad, guys.
7. 0:13Okay, want to see if 62455 area gets a
8. 0:17wick. What I want to see here is the
9. 0:19break above the 62450 and then a kind of
10. 0:22a failure. All right, I just got filled,
11. 0:23guys. 177. That's my I'm going to have a
12. 0:27stop right at around 6246065.
13. 0:30I'm adding a little bit more size. My
14. 0:31new average is 173. My stop is going to
15. 0:33be that 62470 on the dot. This is a very
16. 0:35tight spot. I'm trying to do something
17. 0:37no one is going to get ahead of
18. 0:39everyone. Get the best possible
19. 0:42eventually breaks down by this. So, it's
20. 0:46going to do what I wanted to do if it
21. 0:47tries to do it now. Now, I'm entering
22. 0:49slowly on what I'm seeing in the day.
23. 0:51Right on this candle, we have to flush
24. 0:53that candle. If we do that, I think we
25. 0:54liquidate 13% here, guys. Guys, you guys
26. 0:57have no idea how much size I had in
27. 0:59there. 30% I think this is going 37%
28. 1:02here. 50% here, guys. 67% here, guys.
29. 1:05One thing about the trade though, you
30. 1:06guys saw when I said enter, I said
31. 1:08start, I said I want to see what happens
32. 1:10at 62455 and I said 62470 is my stop on
33. 1:14this rejection. When a trade does
34. 1:16exactly what you wanted to do, that's
35. 1:17when my confidence increases. Normally I
36. 1:19wouldn't tell you guys add side and all
37. 1:21that but I felt like because we've had
38. 1:23like slow week might as well give you
39. 1:24guys that because that's where I added
40. 1:26size. 74% here guys.