This video teaches that successful trading requires proper risk management, particularly on Fridays when market conditions differ from other days. Traders should set daily loss limits (e.g., $1,000), reduce position sizes, and avoid forcing trades when the chart shows no setup. The instructor demonstrates how to identify key support and resistance levels using the 200 Simple Moving Average on hourly charts and the daily 20, using examples from Nvidia, Amazon, Tesla, SPY, and IWM. The core principle is that knowing when not to trade is as important as knowing when to trade, as preserving capital and confidence is more valuable than any single trade.
Deep Dive
Prerequisite Knowledge
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Deep Dive
Premarket Prep with Taneisha TeeAdded:
Hey y'all. I was just talking and I thought I had already unmuted this.
Hello. Great morning everyone. Welcome in.
Good to see you all.
I know IWM has not been um on its best behavior recently.
I second your sentiment, Brandon. Why you you so you so you so you so chipper this Friday morning >> about some Friday.
>> You're so chipper. You happy that it's warming up in New York?
Daily short devotional. Yeah. Come on in. Let's go.
Tap in. Join the the BUA Academy link is in should be in the description of the this post here.
We learn, we trade live, >> we laugh, we cry.
>> Johnny, what's happening?
>> Great morning, the trucking trader. Full name.
All right. Hey, Alexandra. I see you.
Spurs in six.
Don't you got one more game? They got one more game, right?
>> Game seven.
>> Winner takes all.
All right. All right. All right. All right, y'all. It's Friday, man. We made it. Thank goodness. We here. We're here.
We're here. Hey, Sherry. Great morning to you.
All righty, my friends. So today in regards to news, I did see that they um they have, you know, there's always talks on the war um about a this allegedly a 60-day ceasefire um on the horizon.
Um but you know what? You you know that saying I'm I'll I'll celebrate when when it happens, right?
When it happens. So the war is still on.
And with that we have news PMI numbers at 945 today. Midle important. So keep that in mind. Um for 9:45. Okay.
Okay. Silent gainer. Wonderful.
Wonderful. Wonder what name you going to put in your Alrighty. So let's go on with these Nvidia levels. So with Nvidia, my friends, we clearly have a level of resistance up here, which is going to be previous day high, pre-market high, all at this 215 literally almost the same level, 21548, 21545. Okay.
Hello. Hello. All right. Um, yes. So we're 215 45 and 48. So what that means, my friends, is in order for us to be interested in a call long play up to to the upside, we have to get through this 21545 area. All righty, friends. And um once we have gotten through this level, we should see a retest. So remember, once you break the resistance, we want to retest that support and use that um previous level of resistance to now be a level of support to push to the next level. Above that, we're looking at 21807.
We got this little area here that we could um play around in and possibly have a lovely move to the upside. All right, to the downside here. Now we have daily 20 is at 21443.
Daily 20 is right there. And then pre-market low is lines up pretty much with that daily 20 2148.
All righty.
After we break through 2143, then the next level to the downside is 21328.
Okay, 21328.
Then below that previous day low is at 21146.
One more below that is 20890.
All righty. 20890.
All right, Kim. Welcome. Gold member of for gold member. I see you.
All right. Um to the upside here, uh for Amazon, we have a little gap to the upside that needs to be filled from 270. It's a small gap. 27244 to 27251.
It's probably going to get filled in a quick little move. Right above that um right above that we have 27453 27453 then we have 2763 one more level above that to the downside 269.99 $269.99 one more level below that is going to be 26743.
26743.
One more below that is going to be 26627.
26627.
Daily 20 is at two um daily 20 is at 26501.
Hourly 200 is at 26621.
So I'm telling you these other levels.
The yellow lines y'all are my hourly levels. Pre-market is these dotted lines. But my red line here, which it coincides with this white line, is the um 200 simple moving average on the hourly time frame. And wherever those are located, I want y'all to, this is a best practice that my husband and I do, more me than him, um, because I'm always telling him where it is. But the 200 simple moving average, uh, is a strong level of resistance or support where in relative to price action. So, I like to have it as a red line because, um, and I mark it on the hourly because no matter what time frame you go down, I'll always have that red line. So I don't have to keep looking at the hourly time frame to know where the hourly 200 is or 200 simple moving average is. I just look where this red line is, right? So I know where that's located. That's my little my little thing thing I do. And then underneath here, the other strong level of resistance and support that we use is going to be the daily two the daily 20.
Um and I just it's it's there. It that one stays. So I don't have to worry about marking it. It stays on all the time frames for us. All righty. So, if we get below hourly 200, then daily 20 is at that 2651 and then honorable mention level 26427.
Cool, cool, cool.
Tesla is next. Make sure you smash that like button as you come on in, my friends. We're at 139 and we only got 38 likes. Go ahead and smash that like button. I know you're busy marking all these levels. To the upside here, we got 44169.
44169.
Then we have 444.
444.
Yeah, 444. Um, strong as you easy easy psychological level here. It was the high of yesterday. was not able to break through that and um want to make sure we have that marked on our chart here.
Above that is 44565.
All righty. 44565.
To the downside we have 43853 400 3853.
to the below that we have 43162.
43162.
Even below that we have the hourly 200 at 42827.
42827.
All righty.
Let's go on to SPY and our ETFs here.
Great morning to y'all. Hey Mel. Hey Janice, while I get a great morning break, go ahead and hit that thumbs up button for me. Um, Trey, any first time friends in here? Daily Short, what's happening? Oh yeah, we talked already.
Great morning. Great morning. Hey. Hey Joanna.
Earlier was I would say most like I would say like 8:40.
8:40 Eastern.
8:40. I would I would love to do 8:30 8:40.
All righty.
Great morning, Super Sister. Same to you. Lovely to see you. Okay. Yeah. All right.
Let's get it, y'all. Let's get it. We have 200 friends in here. Smash that like button. Wonderful. All righty, y'all. Let's get to spy. Let's get to spy here. So, with spy to the upside, we are at all-time highs once again. We had a hard time in a channel for a minute.
We had a very hard time in this range.
We had to fight through the this this little range here for from Tuesday, Tuesday's high um Tuesday's low, Wednesday's high, Wednesday's low. And we knew from in pre-market, we talked about yesterday, we knew in pre-market the level that needed to break. And look at what happened with that break. We had a lot of friends that um did an amazing that were in a call and had that amazing candle on yesterday and made crazy money. my husband included. It was a It was a $21,000 trade and he was able to close out um 16 out of that because it was a beautiful beautiful day, right babe?
>> Wow.
>> Um that you you took me shopping >> off this candle.
>> Oh yeah, >> it was beautiful. It beautiful. So um way to go to those and then we had some other friends that were able to catch it in other things like Amazon. Um there were other um trades that that went crazy yesterday, but what it was, y'all.
It was levels and that that's what we talked about. We literally talked about that that that level was a hard level and needed to break. And the minute it broke, it like shot and it had to break with force, which it did. It broke with crazy force. And um it was a wonderful trade like um but that was not a you know like a a backtesting candle. That was just a rogue candle as we know with this market with our president. We can get we call them in our group we call them Trump candles. Um just because the fact that they'll just pop out of nowhere, right? And we have to go check it. Did he tweet? Did did something happen? But the beauty of it is y'all is that you have access to the information and you can actually benefit from those.
So um anywh who to the upside here spy um to the upside 75640 75640 to one more level above that 75741 75741 then we got 75840 75840 to the downside. So previous day high and pre-market low are on the same level, right? So that is a strong level of support here. So in order for price to go down, what do we need to break?
This 755 7549 level needs to break or if it holds, right? If we see something like this, price pulls back to this level here, it needs to hold in order for us to be interested in a play to the upside. All right? Or we do we don't want to get caught up in this. All right? So, that is the uh that is what will be h the the line in the sand here. If we're going to go up, this needs to hold and continue.
If we're going to go down, this needs to break retest and push down some more.
All right. So to the downside um we have 75211 after that 755 75211 then below that 7502.
Great morning from South Africa. Welcome in Neo. Lovely to have you.
All righty. All right. Let's go to Q's.
>> My didn't need that that candle again today, babe.
>> All right. To the upside for Q. 73767.
Then we got 73856.
One more above that we got 74038 to the downside. 73582.
We got 730 92.
72743.
Then we have 72540. Hourly 200 is down here at 71595.
It's a ways away. IWM has been, like we said earlier, has not been acting its normal self. Let's see. So, we're going to mark its levels to the upside. Here we have 29232.
Then we have 29280, 29360, and then finally we got 29459.
29459 to the downside.
28950 28796 28658 28658 Allrighty.
Hey Bri, what's happening? Great morning to you. All right, smash that like button while Coach Mike get here. Let me get to 100 before you come up here and say anything.
Smash that like button. What's up?
>> What's up? What's up?
>> What's up y'all? Happy Friday. Beautiful Friday. How we feeling? Feeling blessed.
How we feeling? How we feeling? Oh, man.
So, I'mma get the the morning Friday speech. Zero DTE.
If you don't trade zero DT, never don't understand what it is, be careful, y'all. Um, contracts move funny. Um, lower your position size, go from there.
Don't chase breakouts.
Wait for some retest of a critical level. Um, I love Cub and Spy today, man.
Alltime high. It broke if as you seen it broke um yesterday's high and now it's hanging over yesterday's high. So be careful with those two. Um personally I probably look for something else even though I'm in love with, you know, trade my SPX and SPY. Um, but if nothing sets up, nothing sets up. I would say, um, don't do nothing crazy today. Please don't do nothing crazy today. Don't ruin your week. Um, trying to make a big day.
Be careful.
Mic check. I can't hear.
Y'all can't hear me.
Can anybody hear me?
>> No sound.
>> What? So hello hello hello.
What the sound is on. The thing is on >> hello hello hello.
>> This thing is crazy.
>> So some people say I hear you. I can can hear fine.
>> Okay good.
>> Okay.
>> Yeah.
>> Yeah. I don't know. Our our sound thing looks like it's working.
>> Mhm. It's on your end.
>> So >> that'll be on your end.
>> Okay. Let's say we can hear you.
>> Thank you.
>> All right. Thank you. But yeah, um don't do nothing crazy today. It's Friday. Um short week obviously. Well, Monday wasn't a um trading day if um I would say position size you take your your your first trade with a small size and go from there to protect yourself.
Always protect your downside. Have some type of I have a listen I I don't want to give nothing back today. So, you have to set yourself up with set some rules today before the market open and follow them.
>> That's crazy. Half of the people can hear, half the people can't.
>> Go out and come back.
>> Yeah, go out and come back. Um, anyone I don't know, you could type. Go out and come back.
>> Yeah.
>> But, um, >> position size correctly. Um, set some rules for yourself today and stick to them.
>> So, I thought long and hard about it.
I'm like $1,000 loss is my maximum today. I don't want to lose nothing obviously, but you always have to protect your downside. If I'm down a thousand, I I have to stop.
>> You get what I'm saying? I hope that makes sense. I have to stop.
>> Yeah.
>> So, protect your downside first. Do do not ruin your week. Um don't ruin your weekend.
What are you doing? um cues and spy big level as Tanisha says is the the pre-market low, pre-market high.
Um for the the ones who love those is just it could it could be ugly.
>> Um I really have no answers for that. So you know trust yourself.
Um, if you do take something, um, I would say take profit quickly and leave runners.
Okay. Yeah, you got to log out. Well, I can't tell them to log out. They got to just got to do it. Um, log out and come back in. How you write that?
But um yeah, so take profit quickly, leave runners. Um see, you know, get a green trade and then build from that. Build from a winning cushion, but do not let Friday, the typical Friday hurt you. If you're not good on Fridays, if your journals or anything like you know you're not good on Fridays, don't take no trades. You don't have to trade.
Fridays are most people's like like killer to their account. You do not have to trade. I hope you know that.
>> Yeah, that's what it is. But uh no, they just log out and come back in. Yeah, >> but you do not have to trade, y'all. So, if you know you struggle on Fridays for some odd reason, take the day off.
>> And if you can't control yourself from trading, don't even turn on the um >> Zoom, >> your the Zoom or watch the charts, your broker or nothing like that. Like, we have to like we have to think of trading as like long term. If you suck at something, you have to fix it. You have to fight these these weaknesses of yourselves.
>> And if you feel like you have to trade, if your normal position size is 800, cut it in half. You're gonna get paid anyway. It's Friday.
But do not like ruin yourself on on a good day.
How does she mark her levels? She goes to she uses the one hour time frame if that's what you're asking.
So she draws her levels on a five um I say five hour one hour time frame. Find multiple touches and just mark them and we use those to or exactly if if you if if you can or want to just paper trade them if you want to feel involved.
But I've I've I've seen it so much.
People ruin their week, their month, lose all their confidence on a Friday not understanding Friday moves different than Monday.
Friday moves different than Tuesday.
>> Okay, me good.
>> Okay, >> so if if you're newer to trading, just understand Fridays wreck a lot of people. I know some traders that do this for real for real and they don't even trade on Fridays.
>> So that's why like like I I'm dead serious for myself today. I have a cut off limit.
You have to have that cut off limit, y'all. Stop yourself.
Respect yourself.
>> At some point, we have to respect our um trading or it will never work.
>> Yeah, it does.
>> Hope that makes sense. It >> sure does. All right, y'all. So, trade the plan. Trade the charts.
>> Mhm.
>> Let the charts tell you a story.
And if the chart's telling you that there's no trade, no trade is still a green trade. Y'all know that, right?
>> Anytime you can leave the market green, that's a green trade. Green with dollars in your pocket.
>> Yeah.
>> Green with your actual money still in your account.
>> You cannot you cannot have the mentality that the only way you're green is if you make money. Yeah.
>> Right. You have those are that's trading. Knowing when not to trade is is what Mike is saying and I want to reiterate that that is such a powerful tool and a lot of traders mess up and they skimp or they do not see how important that is to your longevity in the market.
>> I can I can do that for years y'all not trade? Are you crazy?
>> Yeah. So that messes with your confidence because you you force a trade and you take a a setup that you know you don't need um to do the market. Um you take a setup that you know you have no business taking. You lose the money and you most importantly the money you can you know it's money. We can put more money or make more money whatever the case is. But the biggest thing you want to to to safeguard is your confidence right? Your confidence in yourself as a trader. So, um, yeah, man. This is Friday, the, uh, end of the month.
>> That is, oh, yeah, it is the end of the month, too. End of month, too. That's a whole another thing.
>> So, look, okay, this is this is what it is. If you, if we're trading, you're watching the charts and you just see something crazy. Ah, crazy spike here.
SC tra like you have to have that that awareness saying the market makers are playing.
>> Yeah.
>> So, you gonna have to be you're responsible. Nobody could press buttons for you. You >> move away from the the the charts.
>> The second I see that today and y'all know how it is. You trade and it's just like, bro, oh lord, where's that come from? A spike up then you thinking, oh, it's calls and then a crazy spike down.
These are the the market makers are taking money from the undisiplined.
>> Don't be the undisiplined.
>> Last trading day of the month.
>> Oh, think about it. the last training day of the month.
>> It's a Friday, >> last day of the week.
>> If they playing games, it's okay.
>> Yeah.
>> And I'm I'm as I'm saying this to you, I'm I'm still talking to myself. Because of course, I'm human. I want to make more money. Why not? But if the market's not allowing me to have it, if it's not falling setup, if it's not breaking levels, if it's not, you could get the sense we have to get out. If you do take a L and the market start playing, we can't have this mentality of get my lick back.
Oh, I'm get my back or I'm gonna get break even. It don't work that way.
>> Market don't care about getting your lick back.
So, I I hope this helps for whoever like needs it, struggles on Friday, don't understand how Friday works, but we're not chasing breakouts where let's wait for a retest or something like that and then go from there.
Focus.
Um Natasha Pow um can you DM um Tanisha inside the um in the W please easy to replace money then? Yes that is that is that's big. You hear that? It's easy to replace money. Then you lost confidence because bro, once you lose your confidence in this game, you second guess all your all your entry. You second guess, oh man, I should have took it and it goes your way and then you jump in late. Now you jump into FOMO and it kills you. Like we we want to preserve obviously our capital too but like our mental capital once you lo once you lose that in trading see okay the official honey bee so like you say you know Monday is your hard day it's either you don't trade Monday or you you lower your position size lower your risk on Monday and it just you just trading you just you just takes time to understand where you where you struggle at and that's how we start to fix these little things.
Yes. Um four corners.
A lot of a lot of people we teach are newbies.
>> We got to go.
>> All right. Um yeah, I'd like to hang out with y'all some more, but >> I got set up for live.
>> We got to go set up for live. So >> anyway, friends, I'mma see you in a little bit. I'm about to drop the link.
Um, make sure you subscribe if you haven't subscribed yet. See y'all in the next one. Have an awesome weekend. Be safe. We'll see you on Monday.
>> DDSS. Don't do stupid stuff.
>> Yes. Thanks, M. Thanks, Mel, for the reminder. Hit that thumbs up button as you head out. Bye, y'all. I don't know what I just said. Okay, >> y'all. How was that? Like a cat.
>> Bye, everybody.
I don't know what just
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