Ahoy there Trader! ⚓️
It’s Phil…
Early bird catches the premium! Tuesday kicked off with a sneaky new trade setup I’ve been testing—perfectly in line with the Tag ‘n Turn direction. Spoiler: it’s looking playbook-worthy!
This morning, a new strategy sailed into testing waters—a false ORB setup perfectly aligned with Tag ‘n Turn’s overall direction. What happened next? Well, let’s just say lunchtime came with a 50% payday.
The day started with SPX presenting a juicy opportunity—a potential false breakout reversal. This new setup, currently under review for my strategy playbook, focuses on these moments:
- When price fakes out in the first hour of trading.
- Aligns with the broader Tag ‘n Turn direction.
With $3.00 in premium collected, the plan was simple: a quick in-and-out day trade.
By lunchtime, management rules (thanks to my trusty SPX playbook) prompted an early exit. The position was bought back for $1.50, locking in a 50% return.
The best part? All this happened while I was glued to my screen—not the trading charts, but The Jackle. Eddy Redmayne really knows how to steal the show.
Trading doesn’t have to mean stress. With solid setups and a mechanical system, you can profit with precision.
Fun Fact
SPX’s fastest recovery from a bear market was in 2020. It took just 33 trading days for SPX to recover 50% of its losses after the pandemic-driven crash in March.
Why it matters: This broke records and highlighted how market dynamics are shifting with technology and sentiment moving faster than ever.
Happy Trading,
Phil