Tag. Turn. $5 Collected.
Ahoy there, Trader! ‍‍⚓️
It’s Phil…
I’ve said it before – and after yesterday, I’ll say it again louder for the traders in the back:
Simple is better. Mechanical is best.
After a tech tantrum and too many caffeinated chart tweaks, I went back to the core.
I stripped everything down.
No overlays. No extras.
Just the raw, glorious logic of the Tag → Turn → Trade structure.
And what happened?
Right after the open, we got the bullish swing trigger.
I framed up a 1-DTE broken wing butterfly – well outside the money, high probability, low stress.
Collected $5.00 in premium.
Next morning?
Price rallied, I closed it for $0.10.
98% return-on-capital. Clean. Mechanical. Done.
And here’s the kicker:
The setup had enough room that the market could’ve dropped 100 points instead of gapping up, and I’d still have likely closed profitable.
That’s what happens when you follow structure, not sentiment.
Strategy, not screenshots.
Back to basics.
Back to cashflow.
⬇️⬇️⬇️ – keep scrolling for more in-depth analysis – ⬇️⬇️⬇️
SPX Doesn’t Need You To Be Right. Just Consistent.
Pulse bar tells you when. Credit spreads handle the rest.
SPX Market View
It was one of those trades that reminds you:
You don’t need 20 indicators.
You don’t need confirmation bias.
You just need structure – and a plan to extract income from it.
After yesterday’s morning open, the Tag → Turn → Trade setup kicked into gear with a clean bullish swing trigger.
No fluff. No overlays.
Just a mechanical reaction off the Bollinger Band low… and pulse bars lighting up.
With compression still looming, I framed a 1-DTE broken wing butterfly well outside the money.
- Collected $5.00 in premium.
- Watched price rally that afternoon and into the morning.
- Closed it out next day for $0.10.
- âś… 98% ROC.
Here’s the part that really seals it…
That trade was so well-framed, the market could have opened down 100 points this morning and I’d still be on track for a profitable close.
That’s the magic of mechanical systems + smart option structuring.
It wasn’t a “hope it holds” setup.
It was structurally biased, statistically positioned, and strategically executed.
And while the crowd waited for headlines or confirmation, we were already done.
Let them chase breakouts.
Let them miss entries.
We’ll be over here, pulling income out of a strategy that doesn’t care how loud the market yells.
Trade the structure. Frame the income. Move on.
Expert Insights:
Mistake #1: Trading what looks good… not what’s structurally valid.
That price gap meant nothing without the setup firing.
Fix: Stick to pulse bar triggers. Let structure dictate, not the open print.
Mistake #2: Risking too much for too little.
Most option traders are chasing high risk setups with low odds.
Fix: Learn to build trades like broken wings – wide, forgiving, profitable.
Mistake #3: Chart clutter = Decision clutter.
Overlays and extras don’t help if they drown your system.
Fix: Strip it down. TnT doesn’t need decoration – it needs clarity.
Rumour Has It…
Reports from a rogue AI brokerage division suggest Wall Street is beta-testing a new algorithm called “TagBot” – designed to identify TnT patterns… using vintage overhead projectors and scented markers.
According to insiders, early issues include:
-
Misreading doji candles as coffee stains
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Triggering trades whenever someone draws a smiley face
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And launching an “emergency short” whenever RSI appears on-screen
In unrelated news, a squirrel at the Fed just sold a 3D-printed butterfly spread to a Bloomberg intern for $5 and a granola bar.
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
Fun Fact –Â Did You Know?
The original “butterfly” strategy was popularised in the 1970s as a low-cost way to play time decay during sideways markets.
But modern adaptations – like broken wing butterflies – evolved to push probability and risk-reward even further, often with no downside risk at all.
What makes them magical?
âś… High probability of profit
âś… Defined risk
âś… Wide breakeven zone
✅ And yes – when used with mechanical setups like TnT… they’re absolute income machines
This week’s trade proved it again.
Compression? No problem.
You just need the wings to fly… even if the market limps sideways.
Meme of the Day
“When your broken wing butterfly survives a 100-point drop and still gets paid…”
Happy trading,
Phil
Less Brain, More Gain
…and may your trades be smoother than a cashmere codpiece
p.s. There are 3 ways I can help you…
- Option 1: The SPX Income System Book (Just $12)
A complete guide to the system.
Written to be clear, concise, and immediately actionable.
>> Get the Book Here
- Option 2: Full Course + Software Access – 50% off for Regular Readers – Save $998.50
Includes the video walkthroughs, tools for TradeStation & TradingView, and everything I use daily. Plus 7 additional strategies
>> Get DIY Training & Software
- Option 3: Join the Fast Forward Mentorship – 50% off for Regular Readers – Save $3,000
>> Join the Fast Forward Mentorship – trade live, twice a week, with me and the crew. PLUS Monthly on-demand 1-2-1’s
No fluff. Just profits, pulse bars, and patterns that actually work.
