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$5k into $20k Which market move did Mike trade today to turn $5k into $20k in 1 daytrade?

Oct 21, 2020
 

Mike here again with another video.

Um, I am gold club member with 13 market moves trading with Chris.

Um, I'm here today to share with you my spy trade. I took today where I essentially took $5,000 to $20,000. As you can see the PNL day right here, these three 47 strike puts, um, you know, close to just over 20 K. So 5k to 2010. That's about a 300. That's exactly a 300% return.

So yeah, let's head over to the charts so I can walk you through that trade. So here we have the five minute, the two day, five minute on spy.

Here's Friday's price action. Here's today's price action. And then, uh, the aftermarket and pre-market hours here. So you can see, we closed Friday. We gapped up, we started going up in the after hours in the free market. We ran up at the open

And then we just dumped and inspired dump the entire day, all the way

From the levels of three 49 ish, three 49 50 is the high down to the low of 341 bucks. So that's a big move down. So that's that guys is a market move too. And we identified that and Chris had me started stair stepping into my supply position, right at the opener about 15, 20 minutes letting it run up. Cause we knew it was going to reverse and then drop the entire day. Or we were confident it was going to reverse. It was going to drop the entire day. So I have this level here that is pre-market low.

It's about $346 and 10 cents. The old Mike would have gotten out at this level, you know, emotional MC uninformed like pre 13 market moves.

Mike would've gotten out at these levels, but I'm telling you guys taking the charts divergence in the pattern recognition courses, the 13 market move for a new, a trade, like a rockstar, the 233 trade secrets.

Those courses work.

You've got to take those courses. They keep your emotions in check alongside coach, you know, trading with the coaches.

They keep your emotions in check.

So you just don't get out too early. Like I would have left $5 of upside this entire move here. If I would have, if I wouldn't have taken the courses and started trading with Chris. So I want to give a big, big, big, thanks to Chris, huge shout out, we're killing it.

Know I really appreciate every appreciate everything that you're doing. Um, really helping me grow as a trader, looking at more and more trade together. It's more like a mentorship.

And I just want to say, I really appreciate everything that you're helping me with and you're making, helping me grow as a trader forward to the next trade. So you guys

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