2 step entry

Market / Context

• The speaker discusses short-selling a declining move using a “two-step entry” framework.
• Intraday performance mentioned:
  • Market down 354 points (current day state).
  • Volatility today: 191 points (used in their price-target math).
• The approach is framed as a way to avoid entering too early or too late by using two conditional entry types.

Instruments / Tickers Mentioned

• No specific tickers, ETFs, bonds, commodities, or crypto symbols appear in the subtitles.
• Only price levels (e.g., 439, 440, 420, 408, 396) and “ticks” are referenced.

“Two-Step Entry” Methodology

The subtitles outline a rules-based entry process:

Step 1: Retracement entry

• Place a sell limit at a resistance / retracement area.

Step 2: Breakdown entry

• Place a sell stop at a level that, if broken downward, confirms bearish momentum.

Alternative mechanics (trigger/confirmation)

• Draw a trend line and treat a break of the trend line as the short trigger (or confirmation).

Practical logic

• If price hits the sell limit → indicates rejection at resistance (retracement short).
• If price breaks the sell stop level → indicates a breakdown signal (momentum short).

Caution emphasized

• “Waiting for the setup to occur” helps prevent shorting too early.
• If the market is still in a strong upswing, the speaker avoids shorts until the setup appears.

Key Numbers / Levels and Targets

Volatility-based reference target (upside)

• Referenced inputs:
  • Exact low: ~40,000 345 → interpreted as 40,345
  • Volatility: 191 points
• Upside target computation (as described):
  • 40,345 + 191 = 4,536
  • The formatting is inconsistent in the subtitles, but the intended idea is low + volatility.
• The speaker states they’re not long, but are waiting for that level to be hit.

Short setup trigger levels (breakdown)

• Breakdown trigger discussed around 439/440
  • Example language: “we said what 439 right” and “looks like it’s going to break the 440…”
• Other tactical entry language:
  • “Short any kind of uptick move”
  • “You could short at 39” (likely truncated; implied meaning appears to be around 439)

Profit-taking / subsequent targets

• First management area: 420
  • Example: “Another contract here… at 420”
  • Example: “try to buy one back at 420”
• Next target: 408
  • “How about 408 as your next Target”
• Final target: 396
  • “final Target 396”
  • “go flat… right here… 396”
• Additional intermediate number: “second target is 16”
  • The subtitle formatting makes this unclear, but it appears to be a smaller step after initial profit taking.

Order-Type Language

• Explicitly mentions:
  • sell limit
  • sell stop
• Mentions active management with:
  • lowering the stops
  • framing 396 as the final target

Trading Actions / Performance Framing

• The speaker describes trading with multiple contract positions and managing profit via partial exits.
• Example mentioned:
  • “I did six contracts on that”
  • If more were used, they should “keep trailing.”
• Emphasizes patience after a strong rally:
  • References an “over a 100 Point rally”, requiring patience for the correct trigger.

Disclosures / Disclaimers

• No clear formal “financial advice” disclaimer appears in the subtitles.
• The speaker includes subjective commentary about performance (e.g., “guru” / “make myself look good”) while framing recommendations as guidance.

Presenters / Sources Named

• No external source is clearly cited.
• Individuals mentioned (likely participants in the trading room): Greg, Bill, Dan, David, Isaac, Val, Orlando, John C.
• The primary speaker is not named in the subtitles (referred to indirectly with phrasing like “my job” / “stay in be my guest”).