Daily Plan 10.29.24

Folks-

There is a lot to unpack, where do we even start. First there is no end to the number of ideas shared by me here in last one week alone, last week alone which surpassed all expectations today. Like not even close. Unfortunately I cannot name them all there as they remain in play for our subs- and they are premium, but just look at the crypto complex as a whole. Crazy moves. DOGE shared at 13 cents just a couple of days ago, clears 16.. Bitcoin. MSTR. META. AMD. I can go on. Dozens more.

Then you have the preciseness of levels in Emini. We shared in our chat room today, the low as well as high of the session. Exact and precise levels. This type of accuracy is unheard of and I have been doing this for 20 years now.

On the earnings front, Ford PUTS were shared on Thursday. The stock simply collapsed today and is now trading at 10.7, close to my target as we speak.

We talked about TSLA, and it played exactly per our playbook.

I do also wanna talk about futures a bit- in my personal opinion, futures are the most dangerous markets you can partake in. When things don’t work out, it has nothing to do with my levels. I promise you that. This has everything to do with the leverage. Futures have an insane amount of leverage- this market is a monster, options and stocks are angels in comparison. It is going to take a lots and lot of practice to do futures. Please keep this in mind in case you wonder if there is a method or an expert out there who can make it easier in futures. I have friends and folks ask me all the time that they wanna trade futures, so where do they start? My answer without exception is “Don't!". I do not say this to be negative, but as a cautionary tale. To jump into futures without a firm base of 2-3 years of learning is simply asking for too much trouble. I say this most sincerely to share my views on what it takes.

Now with this publication, as I get learn more and get better with the methodology, the subscribers automatically reap all the benefits even if in future my sub prices rise to $500 a month, a 1000% increase. This remains a commitment from my side for existing subs. Their prices do not go up ever. Now in case if Substack stops functioning tomorrow, as it is technology and in tech you never know what’s the next disruptor, we will still take care of our founders and grand father them in whatever the new thing is. This is only fair and natural as methods of analysis and DD ARE never constant, are constantly getting better, newer tools are coming into play and most importantly the markets are changing. Some of you may have been following my work since at least 2018-2019. If you recall in those days, the market was different. In those days, you could place a long or short, and the market will immediately go 20, 30, even 40 points in your favor, in almost minutes. That has changed today. You are lucky if the markets move 40 bucks all day now! It is all about moving size now, because the market moves have simply died down now. So since market is changing, we must change too.

TSLA

With TSLA, if Trump gets elected, I think TSLA wins big. At least in the intermediate term. In case of Trump Presidency, I see TSLA clear 300 dollars.

It is 260 now.

For the November 22 and November MOPEX, the TSLA call around 300-310, are in vicinity of 3-4 dollars. These in my personal opinion can be good plays in case Trump carries the Presidency on the 6th. But do note my view on the outsized impact of these elections will have on TSLA.

Levels

The Sunday night gap area around 5840-5854 I think could be key tomorrow. We have some very nice earnings tomorrow, so should be a fun day. Outside of this, there is not much news.

Scenario 1: If Sunday night gap holds, I think we could revisit the highs today around 5882, and a break of these highs should bring 5904 into play.

Scenario 2: If we offer below 5840 and remain there, I favor a test of recent lows near 5811.

We are now at 5860.

~ tic

Disclaimer: This newsletter is not trading or investment advice but for general informational purposes only. This newsletter represents my personal opinions which I am sharing publicly as my personal blog. Futures, stocks, and bonds trading of any kind involves a lot of risk. No guarantee of any profit whatsoever is made. In fact, you may lose everything you have. So be very careful. I guarantee no profit whatsoever, You assume the entire cost and risk of any trading or investing activities you choose to undertake. You are solely responsible for making your own investment decisions. Owners/authors of this newsletter, its representatives, its principals, its moderators, and its members, are NOT registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission, CFTC, or with any other securities/regulatory authority. Consult with a registered investment advisor, broker-dealer, and/or financial advisor. By reading and using this newsletter or any of my publications, you are agreeing to these terms. Any screenshots used here are courtesy of Ninja Trader, FinViz, Think or Swim, and/or Jigsaw. I am just an end user with no affiliations with them. Information and quotes shared in this blog can be 100% wrong. Markets are risky and can go to 0 at any time. Furthermore, you will not share or copy any content in this blog as it is the authors’ IP. By reading this blog, you accept these terms of conditions and acknowledge I am sharing this blog as my personal trading journal, nothing more.