SHOCKER: Weird document provides room to flag major insider moves. Details inside!
Monday, October 13th
“It’s no good closing your eyes, you must leave them open in the dark, that is my opinion. I am not speaking of sleep, I am speaking of what I believe is called waking.”
– Samuel Beckett
Markets Today
🌏 Asia-Pacific: Down
🇪🇺 Europe: Up
🇺🇸 United States: Up
🛢️ Oil: Up
⚡ Crypto: Up
Major Market Events
- Risk-on rebound after softer China tone — Indexes jump as trade tensions cool and buyers step back in
- OpenAI–Broadcom chip pact — Multibillion-dollar custom-chip deal boosts AI capex outlook and semis
- Silver spikes on squeeze headlines — Precious metals rip, adding a cross-asset tailwind to miners
🤔 My Thoughts
Built-In Exits: Why I Stage GTC Targets the Moment I Enter
GTC targets cut stress on wild days
On Friday’s selloff, I didn’t try to outguess the headlines — I focused on clean process. A big part of that is how I handle exits.
When I open a spread, I stage my profit target immediately with a Good-Til-Canceled (GTC) order. That way, if the price cooperates, the platform does the work and I don’t have to hover over the screen.
I did this twice on Friday’s Profit Panel:
- MP bull-call vertical (Nov 7, 87/88): I worked the fill and got $0.35. Right after that, I set a GTC at $0.70 — a simple “double-the-debit” target. The idea was straightforward: the rare-earths shock pulled attention to U.S. supply and I wanted a defined-risk way to participate without chasing.
- PEP bull-call vertical (Nov 7, 157.5/160): Filled around $0.40, then I staged a GTC at $0.80. Same habit: know what “good enough” looks like before emotions get involved.
I also closed the PLTR bull-put into Friday’s expiration because the price was getting too close to the short strike for my taste. That’s the same mindset in reverse: exits are part of the entry. If a position is approaching my risk line into expiry, I don’t cross my fingers, I act.
Why bother with GTCs on a jumpy tape?
- They reduce stress. If price tags my level while I’m busy, I still get the fill.
- They standardize decisions. I’m not renegotiating with myself when volatility spikes.
- They lower gap risk. Winners don’t have to ride overnight just to “be right.”
Today, the market bounced and retraced a chunk of Friday’s dip. Great — sometimes you get that tailwind. But the point of staging exits isn’t to predict the bounce. It’s to make sure that when a move happens — up or down — I’ve already decided what to do and let my trading platform handle it automatically.
If you want one takeaway to copy this week, make it this: enter with a defined risk, and enter with a defined exit.
On winners, I’m happy to buy back or take profits before expiration. On trades flirting with my line in the sand — especially on expiration day — I’d rather close early than invite assignment risk.
Steady beats heroic. Let your entries carry your exits.
We’re back at it with more actionable market insights:
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To Better Trading,
Alex Reid
P.S. My urgent World Premiere goes LIVE on Sunday, October 19th, 2025 and I’ll be co-hosted by my friend Graham Lindman. Go here now to join my FREE Telegram channel to get FREE Trade Ideas and secret insights about my new service and reminders closer to the World Premiere.
