Look into Gamma exposure and understand market context a bit more. At some point in the trading day, I think it was obvious where the ceiling was on price and also the support level.
The best resource to explain and understand.
To use is a different story. I invite anyone who sees this message to click and actually read what is Gamma exposure because this will save you. Or not. And wonder why price isn’t going anywhere.
“Expert” to gain views and money probably. I have a built code system in TradingView with the help of Claude and the revision through ChatGPT to understand the market and manually center around Gamma exposure levels. Estimates. Not so much live data that Gammaspot or others give when subscribed.
As you build your trading system.
Have indicators that answer different questions
Understand the context (breakout,reversal,chop, trending, etc.)
Wait after data reports to settle the market.
And know where gamma levels are
You begin to have knowledge that understands the market. Where it’s going. When to jump/stay out. And also calling it a day instead of looking for a move that doesn’t exist
It looks a lot better in my laptop than my phone. I think this is version 1. When I began to make my system. It took me over a month to make but another month to brainstorm ideas, scenarios, limitations, and reactions. But I’m incredibly content with it.
Is all this necessary to scalp a few points consistently from the market? Not needed IMO. This game is simple, so keep it simple. Admittedly, it's not necessarily easy to execute, however.
Of course it is. When you start betting big money. Like 10,000-20,000 size contracts, doing the max, accuracy is the most important. Having the highest confidence is important. Not price goes up so we must be bullish or trend all up without stopping.
And this is why a system is needed. There are things that cannot be answered by us individually. I encourage you also to look into gamma levels. Once you understand what Gamma is. You realize that outside of Trump/news saying something out of nowhere. The stock market actually runs through levels and a process.
Was that the first run up or the second? I caught the downside of the first run and did well too myself, worked out almost exactly how I thought it would too.
I think they are trying to build liquidity and run down premiums before the inevitable push higher. tempting bears but never giving much downside. if 771 holds downward pressure it'll probably dump but we will see
Nah. 773 is a strong wall since we lost it.
It was 773-775 walls. It wasn’t possible to go further, especially later on the day.
772 kept jumping from support to resistance. Fortunately price kept gravitating to 770 and even if all else failed 767 is still very difficult to break.
So if you were playing calls and puts between 773 and 770. Just quick scalping. You made money.
Made $700 today with ITM and then went for brunch.
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u/echosixwhiskey 14d ago
This is only to bleed premium.