hi I'm Max ganic a Trader at SMB today we're going to do a day and a life video come follow me usually I wake up at around 6:45 go to my uh computer at home see what's moving and see whether or not there is a need for a very quick morning Game Plan before um 7 when I am at that point I will go and have a quick breakfast um typically for me that is just a uh protein shake I like things that don't really Spike my blood sugar so that way my energy levels can stay at a um steady Pace throughout the morning from there I'll typically leave for the office at around 7:30 uh and get to the office around 7:45 once at the office we'll start doing a more formal game plan first what we'll do is we'll have two different um morning calls first is going to be the one with my specific team and then secondly is going to be the one that is a more broad firm call then we're going to dive deep into specific game plans and management for our trades the first order of business is to go over swing positions and how exactly to manage those trades right at the open next will be to actually game plan any other morning traits throughout the day on our voice call in the morning we start out with a game plan for the day first things first is to go over any swing trades from the prior day and then it's time to game plan new trades for the morning hey guys what's up what's up man there are typically two or three different style days the first is going to be one where it's extremely active and we're non-stop calling out symbols and trades and setups and we are all super focused and super high energy the second is going to be a day that is sort of mixed where most of the day is spent game planning potentially planning swing trades by the close with a few High action moments and then the last day is where overall the action is dead and there's few to any trades that day and I think that whoever was doing that is probably going to be selling on this news yeah I mean I agree um yes so are you delta neutral right now if it goes lower yeah like if it drops back under eight I think I'm delta neutral but if it's keeps going higher then I have some more shares cool all right thanks thanks dude cool all right so uh today uh the main focus is going to be fed um B trade for me is going to be some sort of a consolidation in the afternoon over or under VW looking then to take a option trade into the close since you want to see that there's not going to be that many Wicks and that price is either soaking well or is staying heavy and then from there just taking a breakout other than that as far as scalps go prtg for limits and then lunar I think first move up into the After High St could be decent short cuz I name that given what I did so far in PM that would probably be a blow off it for me when I joined the firm 5 years ago my risk started out with a daily stop of $500 and by the end of the first year my daily stop grew to over $110,000 and right now it sits at over $400,000 along the way there were various points to where my risk exponentially grew there were key trades where those trades sparked tremendous growth along the way what was super critical for me was understanding when to be disciplined and when to especially push risk so that way I could save risk for those perfect opportunities open AG is quite big is that just offers or do you get any I only got 25 did you get like sell lower or down just when it was sa uh it triggered I feel like that's offers man all right now here's the question High a stop or 131 yep I'm here like half half maybe off I I that is almost a double right and like that could be like the turn getting bigger as a Trader is not a straight line in 2022 I ended up drawing down $1 million from my Peak during this time it became extremely stressful every single day felt longer I definitely questioned whether or not I would be able to do this long term at the peak of my draw down down what I did was I sized down to around 1/3 of my daily stop purely focused on green days trying to put a clear bottom in place so that way I can grow from that point Yeah Yeah well yeah like Limit Up would be 140 whatever one of my biggest mistakes was putting on Long Vault trades on the option side expecting similar Market volatility that we saw earlier in the year I became increasingly stubborn thinking that I was getting good pricing and good deals when in reality the market completely shifted one specific trade where I lost somewhere near 150,000 on was a vol idea into a earning report I figured that because prior events this strategy worked in a different Market climate this was the perfect strategy to work out of a big losing month instead This truly solidified what was one of my worst months ever that month I ended up finishing down 350,000 that feeling of being in a draw down is depressing demoralizing and absolutely brutal hey what's up je not bad um omx it was that symbol that was down like 90% yesterday bounc back up today and it was a really strong uh first move up um closed yesterday like 45 cents open at like 80 first move up to like 145 turned the little pause before was really interesting before that explosion yeah yeah like $1 or so um but yeah it was three straight um uh limit UPS it turned it failed limit down it was decent short back down towards vop you know it's basically it so now I'm just going to go work out then got the FED later so all right enjoy cool thanks man yeah there are countless days where I would be up at 4:00 and I would be trading almost non-stop until 8:00 p. m. because there is just so much opportunity that even missing 1 hour could be the difference in the week but then there are times where the market is slower and I'll work out midday clear my head enjoy doing that and while I'm still on the desk and I'm ready for breaking news I don't force that day to become something that it's not so that way I save the mental energy and the resolve for that day that truly is worth all of that so one one of my favorite things to do during the day is to snack on sour gummy candy so if let's say there is one day that I'm really craving something like sour patch or sour crawlers I'll get myself a protein shake I'll get myself a beautiful bag of Sour Patch and that'll be lunch you know at the end of the day while it's not something that I do every day it's those little things that can put a smile on your face throughout the day just a few moments I didn't do anything good on that I have like 3,000 2% Judes RIS to emplo and inflation goals are roughly balanced video just a little higher here it's $3 at 3.
375 2024 basis cuts for year 4. 37 this 100 basis points another 100 basis points in 2025 continues at the prior Pace CH so we're seeing curve Ste the 10e 3. 65% the 2E 3.
56% about a 9 I didn't make on that I short it first that's why as well should just bought qes honestly once I Traders always search for a trick for handling extra risk for me that trick was being extra selective because in those A+ moments that high risk just feels natural every check boox is checked and the reality is is that in those moments it is a lot easier to naturally push one internal mechanism for me that helped me back from putting risk in the wrong places was that on those B and C trades I would naturally feel nervous putting on too much risk and that internal sign was the key indicator to me as to the quality of that trade straddles uh actually down a little bit may be down on the trade the yeah the money now is 470 or 450 from 640 so I definitely feel like could have bought probably 5K I made like 10K I heard anything I thought I heard somebody say it was like a pretty doish case all around but I can't confirm that so see what happens kind of thing like but okay now we just want to see what K says a clearcut trade is going to be some sort of a consolidation on that wi high in the market and otherwise it be a consolidation on no day thank recent indicators suggest that economic activity has continued to expand at a solid Pace GDP Rose at an annual rate of 2. 2% in the first half of the year and available data point to a roughly similar pace of growth this quarter improving Supply conditions have supported resilient demand and the strong performance of the US economy over the past year in our summary of economic projections committee participants generally expect GDP growth to remain solid overall a broad set of indicators suggest that conditions in the labor market are now less tight than just before yeah that could be a breakout clean level the labor market is not a source of elevated inflationary pressures the median projection in the SCP is 4. 4 I think that if I get a tight RIS board on 235 on Tesla I'm going to try it just cuz of the inflation it could Wick so I'm not going super aggressive estimates based I think we should just buy like 100 of like the 240s it be like 25k or something versus whatever versus like 233% this year I think theis that be like five or six somewh lower than broke the high thereafter IM median Pro I think that because he's speaking it has a higher chance of L stuffing than doing this trade later monary policy actions are Guided by our dual mandate to promote maximum employment I got it for so it's going to be um 100 contracts stop ran well above our 2% goal and labor market conditions were my backbone was trading and improving with the guys on my team being able to work through a tough period with close Traders and friends was especially critical for improving my mental Clarity and strength it also was super critical for me to improve my process as a group we were able to identify points of weakness and strength and try to collectively come up with a better process going forward and every member of that group was to hold the others accountable we are prepared to respond the Russell really held up there well is well positioned to deal with the RIS and uncertainties that we face in pursuing both sides of our dual mandate I frankly think that the way that this ising if we want a 3M trade we might have to do maximum employment and stable prices R we remain committed to supporting maximum employment bringing inflation back down to our 2% goal and keeping longer term inflation expectations well anchored uh was appropriately restrictive I think that that like the trade is sideways and it break slow day we should take the trade right recalibrating it to a level that's more neutral rather than restricted we we expect that process to take some time uh as nothing nothing there's there's no trade I'll keep I will keep it up just as uh just in case something does happen later but going to off I'll be around but it's going to hop off today the big thing was all about uh fed day and it was what was the FED going to do at um 2: p.
m.
