Watch This Video If You Traded Yesterday – The Playbook Was Right There

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What’s going on, guys? So, we had a crazy day on the stream. Smashed it. Uh, before I even get into this, uh, be sure to subscribe below. Smash your like button. If you want to support the stream, be sure to use coupon code Cove Trader. In the description of this video is a link to a free Discord and a link to a ton of exclusive prop firm discounts. Um, yeah. I mean, I’m going to go over on why you should have

Made crazy amount of money today. um and why we did on the stream. If you’re not on the live stream, you’re just missing out. I mean, can’t help you out. It’s the place to be. Uh so, I’ll just go over the money. You can see greens, greens, greens. The only thing I I mean, these are eval. The rest of these, all my fundeds are up. Greens, greens. Um yeah, so super freaking green today. Um, so this is the deal. And if

If you don’t realize this, um, I can’t help you, but I’m going to show you what you should have done and why. So, the news came out today with uh, Trump, right? The whole China tariff crap, right? The playbook is written already. This is what happened the last time Trump and China went at it with tariffs, right? Yes or no? Boom. So, you got to know already when that news comes out, you do nothing but short every bounce. Short, hold, short,

Just short, just short it. I mean, that’s the play. I It was the playbook has been written last time. Um, are we going to have this dramatic of a drop? I don’t know. You got to see how the conversation between him and the guy from China goes. If they say they’re going to meet and things are going to go good, obviously we’re going to bounce. But things didn’t sound great because remember we dropped and we we’ve been running up based on

Them having a deal, right? The whole thing is they’re going to do a deal. They never do this deal. Well, if they don’t do this deal, all of this run up with no deal. I mean, we’re gonna come back down. Um, all eyes are on the tariff thing. If they don’t settle this and there’s a tariff war, we’re going to drop a ton. I mean, it’s just you saw what happened last time and that’s probably going to be the case again.

Um, you know, obviously over the weekend things can change, they make a deal, boom, we’re we’re back up. but they don’t make a deal and he starts talking a bunch of crap on Twitter and they go back and forth. Guys, you gotta be looking for shorts pretty much. You know, look at this. Every day is pretty much down. Um, your bias has to be short. You got to be looking on the one hour, the 4 hour, determine your bias, and that’s

How you got to be trading going forward. Uh, it’s not always buy the dip. I sold out of most of my personal stuff. Uh, I put protection on. I made a ton of money recently. Did I give back some today? Yeah, I gave back three grand, but I’m probably still up 20,000 this week. You know, you’re going to give back the last piece. And now the big thing is when you are when this happens, you got to know to protect your

Accounts, sell out, hedge it. And now playing in futures, my bias is going to be down. Um, I think at least we go into here bare minimum and my eyes are all over this this tariff deal. But you got to know when the tariff deal comes out, you got to be shorting. I mean, there’s no reason to really do anything else. Yeah, you could play some of these bounces. The bounces were pretty good. I played this bounce actually today. uh you

Know, but you got to be aware that this is going to be a near-term bounce and overall you’re going to continue down, but you can grab the money on the bounce. Just, you know, just know I also grab the money on uh on this bounce, but you got to know in and out and and then you got to know you’re going to continue down. But the playbook has been written. I’m going to be watching this. If you got any questions, come

On the live stream, ask, come in the Discord, and uh I’ll see you Monday.

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Today’s GEX Levels

Aug 05, 2026 · gamma regime: POSITIVE

NQ

Flip 29,020 · Call Wall 29,457
Put Wall 28,212 · HVL 29,042

ES

Flip 7,724 · Call Wall 7,805
Put Wall 7,554 · HVL 7,805

Dealer gamma from SPY/QQQ options OI, rescaled to futures. Updated each weekday pre-market. Context, not signals.

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