The 2 Minute Chart Setup That Made Me 50% Profit [Step by Step Breakdown]

**Options Trading Breakdown: Two Profitable Trades from Mitch Firestone**

In this detailed analysis, Mitch Firestone breaks down two profitable trades from this week—an Intel put option and a Mosaic call option—that delivered excellent returns. Whether you're new to options or a seasoned trader, this post offers actionable insights to enhance your strategy.

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### What You'll Learn

- **Supply and Demand Zone Identification**: Master precise entries using key market levels.

- **Bollinger Bands with Price Action**: Combine this tool with price action for better trade setups.

- **Long Expiration Benefits**: Discover why buying 100+ days to expiration minimizes time decay.

- **Risk Management**: Leverage 2:1 and 3:1 reward-to-risk ratios for safer trades.

- **Real Trade Examples**: See exact entry, stop, and target levels from live trades.

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 ### Trade Results

- **Intel Put**: A quick 1-2 day profit from a supply zone rejection.

- **Mosaic Call**: A 50% profit (3.25 to 4.90) from a demand zone bounce.

These trades highlight the power of aligning technical analysis with market structure for consistent gains.

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### Key Concepts Covered

- **Drop-Base-Rally vs Rally-Base-Drop**: Understand these formations to predict price movements.

- **Contingency Time**: Build flexibility into options positions to adapt to market shifts.

- **Underlying Price Action**: Use stock price behavior to manage options trades effectively.

- **Avoiding Short-Term Risks**: Learn why "lottery ticket" short-term options are best avoided.

These principles apply to both stock and options trading, offering a solid foundation for navigating volatile markets.

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### Elevate Your Trading

Ready to refine your approach? Download my **FREE Supply & Demand Trading Checklist**—the exact 7-point guide I use to spot high-probability setups like the Intel and Mosaic trades. Get it here: https://www.precisiontradinglabs.com/three-step-trading-process-current-1

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### Disclaimer

This content is for educational purposes only. Trading involves substantial risk, and past performance does not guarantee future results. Always conduct your own research and consult a financial advisor.

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### Your Input Matters

What trading topics would you like me to cover next? Share your suggestions in the comments! 

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