Yo, what is up everyone? Like, sorry I don't have like a big intro like Steve does with his power hour, so apologize for that, I'm not too prepared. So Steve's doing good, whatever it is he's doing, it's been not the best of days for the iron condor, the iron condor, but no, Steve is gonna share stuff like that. But yeah, so, okay, so let me give you a little bit of a rundown, well first let me check and see where I'm at here. So how I set things up, and I've done this ever since I've led the live stream for Mighty 90 Runners, is I always have multiple screens on like this, or I guess charts so that I can look at price action. And so I always want that up, that's like, and for you guys like learning what I'm doing now, because again, don't ask me any questions about Steve's power hour stuff, because I'll probably lead you in the wrong direction, but I just think it's important you always have price action pulled up, so here I have the Dow, the S&P, the NASDAQ, I like having, I don't know why I do this, but I like having futures along with SPS, XPS, SPX futures, I like having the regular, so I got the futures on the top and regular on the bottom, and then I got the VIX and the Dow, so I can kind of see how they're all moving at once. So that's what I do with that screen, because I have multiple screens. So I'm sitting right now, I showed you in the Discord how I'm sitting pretty good still with that. It was a late lunch, Iron Condor number two, so you'll see this in my course, but my AM Iron Condors are, again, on central time about nine to 11.30, and then lunchtime is about 11.30 to 1.30, and then about 1.30 to close, or I usually don't take the trade after 2.45 central, but the block of time is just typically a little bigger than what Steve does with his bots, and you guys do that, so that'll all be part of my course. And so S&P's just kind of hanging out right here, so nothing for me to do until it either keeps pushing up and it tests this Iron Condor that I currently have on, but I also shared in the Discord how I don't overlap strikes, and you kind of got a visual of that too, so. And I'm currently green 40 bucks on the day, it's amazing. After that morning. Yeah, so a couple of things there, Ken, I got that. You remember how I wasn't getting, remember how I wasn't getting filled last week? So it was like, I wasn't getting my fills, it was going past my fill, you know? So it was like that was just like the exact opposite there. So I don't know, but I can't have control of my screen there, somebody. Yeah, okay, so my trade's through the day so far. Let me go to, and again. So I keep, the reason I do it this way is because I do like to type notes and it's a little more drill down data for me. I know Steve doesn't use spreadsheets anymore, but so I put one on at 9.35, and to be honest with you, like it was a cluster this morning, I was trying to lead the live stream, trying to get clips from my PowerPoint, trying to do zero DT if it's too much, I can't do that tomorrow. So I'm gonna end my live stream tomorrow by 9.15 central so that I could then, because I can't get a course out to you unless I can get some real life examples. I can't do that while I'm trying to monitor my volume runners, continuation runners, my 90s, this is too much. So anyway, that was the slippage one, closed the longs, small loss, and then when it came off center, I just put on another one. Why is that time not showing there? So that would have been 10, so it would have been about 45 minutes later. There you go. Yeah, okay. And then I ended up getting filled a half on that and I put on a third one shortly after and I think this is the one that I shouldn't have done. I should have just waited until this one played out and then it got stopped out pretty good. It moved out of center. I put on another centered one and then I think it tanked and when it tanked it actually filled me on half of this one. So you see here, see where I'm at now. So power hour moves quick. So I'll do my best to answer all your questions. It's easier for me to talk and answer them. Okay, so it's probably easier and we'll go back to price. So you see price still coming up a little bit. So I wanna look at my one I currently have on and it's easier for me to just do it this way for you. I have three screens, but so you see where this one's at? This is my lunchtime number two. So it's getting tested over here. So now as power hour rolls around, now would be about time just be looking for a power hour number one. See that? Okay, so let's take a look and I'm gonna do 47.60s and 47.55s. And this is where I tightened it up a little bit. I might go 30 wide wings. So it'd be the 47.60, 47.90s. And then 47.55 and 47.25, I believe. Okay, that gets me at 6.35 of premium. So I'm gonna try to get filled on that one. It's off the screen, okay. So really towards the end of the day, it's really all about where price is with my one I currently have on, more so maybe than consolidation of price. That makes sense. So I haven't gotten filled on that yet. They filled at 6.35. So I go in, I wanna log that. And this again, this is, these are just mean, you figure out what works for you. But it's my power hour number one and I got filled at 1.50pm at 6.35 so that I can keep track. Profit targets are the same, no different, 20, 40, 60. So I immediately go in. So I got that power hour on.  Okay, so my OCO for power hour, this is what's different about, I guess maybe this is what you're talking about, Krish. So my profit targets are the same but what is different is my stops, okay? So I just start out with a stop of plus four trailing stop. Steve talks about that in the course. Yes, so okay, I'm just, let me get this in here and I'll be able to tell you what I'm doing here. So if I'm filled at 6.35, so 20% I'm gonna set at 5.10 for my first exit. I'm gonna close half at 5.10. If you have questions on an OCO, that's all in the course and so I'm kind of expecting you to kind of know those things first. Okay, so then I'm just gonna put in, so 5.10 is my 20% profit target and I'm starting with a 4.0 plus four trailing stop. So I've got one power hour trade on and I've got one lunchtime left and it could get stopped out of here anytime, who knows? Actually it's my lunchtime number two that is still on. So you can kind of see prices moving up. That lunchtime, okay, so if you take a look at my price, so here's where, let's see, this was I believe lunchtime number one and then when price moved down, I entered lunchtime two here, okay? I got filled on 20% profit and then stopped out, I think. Let me go back and look. See, that's why I had to create a spreadsheet because it kept track, so my lunchtime one, yeah, it got out of 20, then 40, then got stopped. So my lunchtime two, I haven't gotten out of anything yet, so I'm still looking for a 20% profit on that. Opt four, sharing what? Yeah, you should be able to see my screen. Can you see the price target, price movement? You can't see it? Get your technicalities fixed out, opt four? So it'd have been nice if my lunchtime two didn't get, I'm sorry, my lunchtime one didn't get stopped because it would be pushing back up and probably hitting profit target 60%, but it got stopped. And that happens sometimes when you reduce your stops. Like how I do it is I reduce my stops as the more I get filled. And so again, when you're looking at premiums, I'm looking for like typically power hour, three bucks or higher. Like most of you guys already know this, but I don't overlap strikes, right? So again, this is easier for me just to show you this. No, I'll show you, show you this. Okay, so my like at the money, so these are my two positions that I have on. Okay, so you can kind of see, like I know Steve will like, based on the back tests and all that, he doesn't mind overlapping strikes, but I just don't, like I could probably put in another one with a straddle and overlap it, I just don't. So I'm looking for price now during power hour to just kind of bounce around here. So if I get stopped out of one, then I'll look at entering another because price has obviously moved now. So most of the time I'm not doing three power hour trades unless one gets stopped out. So this would be trade number. So I've entered six trades, this would be my six, I have six trades so far. And that's typically what I do. I may end up getting seven in today because of this three in the morning. I think I was just still a little flustered from trying to do too much at once and I probably should have just held off and not even entered that one. So it's just, you know, is what it is. So on my lunchtime number two, I got it at 640 on that one and I have a order in at 510 and a trailing stop of 480 for that because it was a lunchtime one. So I'm still doing the 75% target on the trailing stop. And it's up to 690 now. So it's going the wrong direction. And so I've said this before but I feel like I repeat myself a lot and that's fine because to learn things sometimes you gotta do repeat yourself. But I do tighten my wings up closer I get to the end of the day in case there is that big move that happens. So here's lunchtime number two. You can see how it's tested up here. So I would have, you know, might've been better just to wait a little bit longer and then put it on but my power hour number one should hopefully still be somewhat. What I don't want to have happen is I don't want two to be tested at the same time but that can happen. And so you can kind of see this where this lunchtime number two is on. There were 30, I posted that in my fill. So okay, so here's my power hour number one. So it's sitting over here a little further than I want it to be because I still have that lunchtime number two on. So if lunchtime number two gets stopped out that would push this over to the tested side. So I probably would, that's where I would enter my power hour number two. Yeah, but these wings were 30. Wuga, these were 30 wide. It's up there, I posted my, did I not post the fill? Thought I did. And when you're talking and showing and I must have just forgot to, I think I just said what I was using. That's what I did, I didn't post it. I just said it and then I said 30 wide wings. I called up the short strikes and then I said 30 wide wings. That's what I did. I never got around to posting it. Okay, so now I'm hitting, still it's coming down back down a little bit. So it's getting close to centered. My power hour number one and my lunchtime number two is coming back a little bit. So again, I just easier to show you some of my working orders. Again, my first one here was the, this is the lunchtime number two and the fill prices were similar. So that's why the profit target is similar on both. I have not been filled at 20% of either one of these yet. But before I enter anything else, something with one of these two has to happen. Need to get scaled out, need to get stopped out, something. Keeps going up. My lunchtime number one will probably get stopped. I'm sorry, lunchtime number two. So looking at premium again too, like it's just not looking great we're entering a power hour number two, unless we see a good push up here, which we could in the next 30 minutes, how we can see it in the next 10 minutes. Not usually naughty dog. The only way I would have three on maybe is if I had like an AM one that maybe had one or two contracts left. But for the most part, it's two at a time. But you know, as you can imagine, if I scale out 20, 40, 60, and maybe I'm looking for an 80% and it's still in range, maybe it's still on, but maybe because of price movement, I've added another one and then later in the day, one more. So maybe I've got two on with one that's either close to getting stopped out or close to being full profit. But most of the time, yeah. Typically that will happen, like you might have your AM number one, AM number two, AM number one gets closed out and then you start scaling out of AM number two and you put in lunchtime iron condors as price moves, you may get three on it once, but try not to do that too much because it's part of my risk management. And if price is not moving a lot, I mean, you shouldn't really need three on it once because you're having two on and if the price isn't moving a lot, you should be scaling out of that, of your two. I mean, I'm setting pretty good with my power hour number one, it's almost dead center right now, believe it or not. But I have, oh, just got filled, five, 10. So power hour number one filled 20%. Okay, so I go in here and again, this is so I can reflect at the end of the day. And again, I wanna track, so I've got minus five, 10 on five contracts. So I wanna track over time how these are doing because I didn't start tracking AM, lunchtime, p and power hour until January. Okay, so 635 profit target now in my power hour, number one, 40% profit would be 475. So again, so right here do you see on my spreadsheet power hour number one, 150 central time, I'm always central, yeah, 150 central. Okay, so my OCO, so I did 10 contracts. So I'm gonna create an OCO, create duplicate order. I'm gonna get out of two more at 40%, which is 4.75. Okay, so then this also helps me remember so my fill was 5, 10, okay. So I'm gonna keep it at four on my trailing stop. Because my profit target is still above four. Did I do the math wrong? Be right. Okay, well, that makes sense then. Okay, so 380, okay, I'm glad you, thanks, Wuga. So my trailing stop, I'm gonna put it 380. So I'm lowering it a little, okay? So that's the difference of the trailing stop between the AM and lunchtime. And I mean, I'm sure I could maybe still do 75% of my last fill, I'm sure I could do that. I mean, so my new trailing stop is, so I got filled it, or my next target is 380, okay? So like Wuga said, so instead of taking 75% of 510, which was my last fill, I'm just putting it at, what my next, what is that, would be 100% of my next, my next target, profit target would be 380. So I'm starting at four, I'm just lowering it to 380 the next time I would lower it again. And the reason that I do that is because power hour, I could just move, things move quicker, right? See, that's why like, I tell people to paper trade what I'm doing because it's those little intricacies that you get to practice of paper trading. You don't get it, I just don't, doing real money to me would be trying to do all the little intricacies like I do. You just confuse yourself and you don't wanna be confused when you're trading real money, at least I don't.  So I take off half. So yeah, see, these are the types of questions that all be in my presentation. Yeah, so I'm hoping to get that out later this week if I could get some good examples. It's hard to lead a live stream and pull the examples into a presentation. So I was able to do the two examples I did today with lunchtime, but I'm not gonna be able to do it. Power was too quick, took. Yeah, I wouldn't recommend that either, but. So it's just a slow grind up for right now. And when you look at premium, I mean, man, even if I was to enter it, I don't know that I would enter one, even if I didn't have two on right now. Yeah, yeah, definitely. I think what people need to see is they need to see the initial presentation. And then, you know, Steve and I are gonna start co-hosting Power Hour when he gets back. That way, by that time, you will have seen the presentation. Hopefully you've done some paper trading of the AM and lunchtime. And then Power Hour, I can answer any questions. And also for me, like it's hard to, for me to type answers in Discord it's easier for me to answer questions when I'm live like this, but when I'm trying to put on OCOs and put on trades because price has moved and then type in the Discord, like it's just too much. I can't. And so I told Steve, like, maybe if we co-host it, no, if people had a question of what I'm doing, I could just verbally say it to them instead of having to type it. And so how many, I mean, how many tranches I guess just depends that, yeah, the presentation will cover AM iron condors. So like, and again, my 930 to 1130 central and it'll cover my lunchtime iron condors which are 1130 to roughly 130 central and then Power Hour, which is roughly 130 to 245. Yeah, I've got 90% of it done. I'm just trying to put in some examples but I can't pull examples when I'm live streaming. And again, like, if you're paper trading then, like, which was my approach and what I recommend, then you're gonna, I just think you're gonna be when you actually start trading real money, you're gonna be so much more unconfused. It's like with anything, when you try something new, you get better at it by practicing. We're talking practice. That's what I'm talking about, practice. But it's true for trading. So right now, like my PNL is doing a lot better. I'm in the green because these last two trades I have on right now are just, I love that though. I love Alan Iverson. We're talking about practice, man. Not a game. While in trading, trading is different. You really should practice. So the Power Hour stops, I just put tighter wings. So instead of 50 points wide, I'm doing like 30. Cream, does that make sense? Yeah, so what trade do you wanna see, Kelvin? My Power Hour one? Okay, so. They haven't changed much from already showing you, but I'll show you again. So here's my, here's my lunchtime number two. It's just hanging out up there. And I've closed half of my Power Hour. I don't have the break even sitting where they're supposed to be, but you can see that's where my Power Hour is sitting. So sitting good. So I'm not gonna really put anything new on until that gets off center. Okay, so let me get back to some questions here. The ones you have on right now, okay, got that. Not the wings to stop. Yeah, yeah, yeah. Cream, it starts at $4, yep. Yeah, and so I tightened that number by, okay, so my, I got filled at half. Of course, I got a good premium. I usually don't get premium at $630 in Power Hour, but I did, so my, so $380 was my next stop. So my, was my next profit target, 40%. And so my trailing stop was $380. Okay, so if I, if I get filled at 40% at $380, my 60 would be, 60% would be $255. So my next trailing stop would be $255. Yeah, probably something like that, Michael. I liked, if it's above five bucks and I'll do a straddle, yeah, I will. I've done straddles. If I do a straddle, I'm probably getting out of it before market closes. Well, my target premiums always five bucks or higher. You know, not much action for me in Power Hour today because my Power Hour trade is the one I put on is still sitting center. I mean, you can kind of see Power Hour. So I started Power Hour about right here. It just has many movement. I try to simplify things. I really do. Like that's why I get it like over the weekend and stuff. Everybody's like, just, I'm like, just chill. Just chill, man. It's all right. We don't gotta be all technical with all this. Let's make it simple. Like I get it. You wanna see that nice, pretty back chest. I wanna see that nice, pretty profit. Yeah, here's the thing, guys. Okay, so just listen to me for a second. Today is not really an ideal day to be trading this way. Honestly, look at, I mean, look at this price movement. So when it, okay, so here's my two initial pushes that I weighed on, right? So I entered my first one like up here. Like this isn't really that good. You don't really want it to look like that, but I'm currently setting up $1,200. So just think about what happens if things become more volatile. I think, you know, right now, when we're talking about the VIX, I mean, it's it back under 14, but what happens when it gets up to back up to 19? Okay. Well, does that hurt or does that help me? Well, that's gonna help me because I'm gonna be have, I'm at wider iron condors now. So to me, it's like over the last couple of months with premium being so small, and I'm still making profits with doing it this way. I can only think that this is gonna get better as things get more volatile.   So that's kind of my two pushes I look for. Sometimes it's a push down, a little balance, and then another push down. It just depends. But I've just noticed when I wait till after nine o'clock central, I'm typically seeing two pushes somewhere. So I just enter one over five bucks in premium. Okay, well, yeah, that's the Dow. Let me go to, it looks the same though. Let me go. Okay. Here we go, same thing. Push down, push up. Okay, so right there's where I entered. Okay, now it had this little funky down up, which isn't always, that was the Fed speaker, right? So typically, now it comes down, oh, it's off center, I'm gonna enter number two. So it's just based on where price is in your current trades you have on. It's okay to have controversy, but I'm just like, I'm just trying to keep it simple, man. Okay, so I mean, the SBX just hasn't moved anywhere in the last 30 minutes. Yeah, so if there is a move down, so, and see, this is the type of examples I wanna put in my presentation to make them make sense, which means they have to be real life. So I just got filled at, what was that, fill? Okay, 375. So power hour, number one, just hit 40%. Okay, so let's have a quiz here, okay? So I've gotten out of 20 and I've gotten out of 40%. So I have three contracts left. Okay, so who wants to tell me what my 40% profit targets, or my 60% profit target is going to be? Yeah, so 60% is next. So let me, I wanna keep track here. So I got out of two more contracts at 375, this is my fill, okay? I just got filled again. So did I get stopped out? Okay, so my lunchtime, so my lunchtime IC number two got filled at minus five bucks. I'm sorry, I'm sorry, not minus five bucks, I got filled at $5, stopped at five bucks. Okay, so here's my lunchtime number two. So I never, I didn't get out of anything on that, did I? I had to get out of 20%. This is where it gets a little confusing when you've had multiple positions on. Okay, so let's do, I need to get an order in on my power hour. Okay, so Krish, 635. Yes, 255. So, so I go in and do an OCO for 255, and then that 255 is my trailing stop. So I'm gonna go ahead and scale out, because it's sitting pretty centered right now, I'm just gonna scale out one more instead of two. I got three left, but it's sitting pretty centered. So I'm just gonna get out of one contract at 255. My trailing stop is gonna be 255. Okay, so now I've got one trade on, that's it. Well, if you don't know how to put on a trailing stop, Kelvin, then I would go to the course, because that's all I'm doing is putting on an OCO. If you don't know how to do that. For me, the best thing for you to see is the price movement. And so I just come in here expecting that you, A, know how to do an iron condor, and B, know how to do a trailing stop OCO order. Because if you know how to do that, then that's, again, to me, that's where the practice comes in, because I wanted to be able to do all that with my eyes closed. So if you master the OCO order, how to put it in, then you just have to figure out what the calculations are. And so here you go, Kelvin. So you can see my price. I'm closing one contract. This is what I was doing as I was talking, 255. And my trailing stop is 255. I've always done it, I've always done it as I go along, but Steve did give me some templates, or he gave me a video on how to do it. I just, before I start doing that with real money, I'm gonna, I wanna do that. I wanna do practice with that, with those templates. Yeah, exactly. Wuga, yep, it's right at 35 minutes.  The reason I recommend the paper trading is you can put in those OCO orders so much quicker with practice. Okay, so I got one, I got one, I have one trade on right now, okay? So I'm looking at power hour number two, okay? But as I look at premiums, it's just not there. And also my power hour one is sitting almost dead center. So I'm just not, so let's go back to Chris's question, like how many power hour tranches do you do? Well, I mean, it just depends. The way price is moving like this, like not very many when it doesn't move. Meach, if you are looking to reduce the number of times you have to adjust your stop, you could use the percent trailing stop.  Because typically power hour sometimes does go fast where you're having to put them in, you know, several in a short period of time, but the AM and the lunchtime, man, they're not quick trades. And so you're not like having to rush to put them in. You know, so, but like it's a power hour, you can't. Like, yeah, I mean, price is really moving like, you know, filled 20% and then got stopped. We've got to put in another one. I mean, you know, it can be a little more hectic power hour, but it's not today because of prices and moving much. And I'm all for putting in another power hour trade, but I mean, when you look at like, you know, this is one of my, this is trade number, what I mean, five trades. So I mean, I typically do six. I mean, so I'm kind of sitting right there where I normally am with number of trades. I do have to go back and look. So I did get that trailing stop when I was talking. I know what I got out of. So that was you trying to do too many things at once, guys. So I got out of, let me see this. I thought I got stopped out. I think I closed half of my other one. So that was the lunchtime number two is much more difficult to talk, figure all this out. So good news guys, good news, good news, good news. Good news, good news. So here is my, what I thought was my lunchtime number two that got stopped. Well, guess what happened? I actually got out of half. See where it's at? So it held on. So those two fills came both about the same time. I thought one was getting stopped and one got out of half. So I got out of half here at $5. So now I need to make a new OCO for that one. Okay, so if you can see there, my lunchtime iron condor number two got filled at 20. So 40%, okay, would be 385 would be my target. So I'm gonna do my OCO. And remember, this is a lunchtime one. So I'm just gonna keep using this 0.75%. But because it's getting close, I'm gonna get out of half of what I've left. So I had eight contracts, my original, I got out of four, I'm gonna get out of two more at 385 and it's already at 375. Nice. Okay, see it's coming down. So I'm gonna go ahead and I'll just go 3.5. Okay, so filled at 370, but I made a mistake and I didn't adjust my contracts. So I said I was gonna get out of two.  That's what happens when you're talking and there's so many fine details. Okay, so this, unfortunately, this trade right here, lunchtime number two. I mean, it can't be upset with the winner, right? 1640, but I could have probably been scaling out better.  So my lunchtime number two, got out of half, almost got stopped out, came back into range and got out of 40. I'd probably be getting out of 60% here shortly too. That's the power of doing this process if I would remember to take those. I said I was gonna get out of two because I had four left and I never adjusted. So I wonder if any of my lunchtime numbers, sometimes I check when I'm all closed out, my longs are like, you know, I'll close them if I can. So in terms of power hour trades, like I'm not gonna take anymore, the premium's not there. Both my call and put side. Again, maybe this will help some of you too. It's just easier for me to clip it and pull it over here. Oops. So you can kind of see here. So here's where my calls and puts are at. So the premium's not there. It's not for, so I'm not putting in anymore. I know sometimes Steve enters them at around this time is his third one maybe. I'm just not gonna overlap strikes and the premium's not there. So just gonna wait and try to take profits from this, my one power hour trade that I've got left. And I'm gonna see if these lunchtime number two, if my wings are worth anything, they're probably not. So it would be the go back to, you know, see price really hasn't moved. So I doubt they are, but for me it would be, let's take a look. And I do, you know, I do eight contracts, typically at lunch so I can distinguish which one belongs to which at my power hour, I did 10. So I can quickly, okay, those calls aren't worth anything. Usually by this time they're not worth much. Unless you've had some big, yeah, they're not worth anything, so. So I've got a 1640 winner now to throw in with my, that's my lunchtime. So my lunchtime one was 1310 and then 1640. Maybe luck, I like that green right there. And I've got one trade left on. So not a real active power hour for me today. Again, that's just all based on price movement. Dug myself a hole, dug myself out. I hope so, I mean, I think it'll make more sense. So I've got this on my, I've got this on my one next to me, but. So you can kind of look at the screen here as price isn't doing much.  Again, this is like prerequisites, right? You gotta do these courses. You gotta know how to trade an OCO. Yeah, I'm gonna assume you know how to trade an iron condor. I'm gonna assume you know how to place the OCO. So, my risk management, a lot of it is choosing the number of contracts. I started with about six, you know, last year at this time, my count wasn't as big. Probably would have started with two or four. But I start now with six in the AM. And then as the day goes on, it gets better. It's not as expensive for buying power. And it goes to eight contracts and then usually power hours 10.  Yeah, thanks, Wuga. There you go. See, if you, to me, if someone does this for a month, give it a month. If you can be pulling profits like this because you start to understand the intricacies of price movement and how to add a new one when one side gets tested. I mean, all I'm really doing is taking advantage of theta decay with price movement.  And sometimes I change it. So, and then I just, then I walk you through and then I wanna, I wanna put in some examples and stuff. So hopefully that is, I can do that this week. I did the lunchtime ones today. You can kinda see, I wanna confuse you, I'm still not done with it yet. So, yeah, that's what I need to do. I just need to, with two contracts, yeah, I would probably just do one and one at 20 and 40, go to my Orion. Sometimes I pull up, I like looking at the futures in my Orion when I'm doing all this. To me, sometimes this helps me better than toss.  Sometimes I just like look at this futures and you can kinda see like power hour, it's almost, I'm almost disappointed. I didn't have a second power hour trade on. I mean, it's, would have been probably really good. And so again, going back to my one that I do have on, it's quicker for me to just do this, but you can see it's, man, it's sitting almost dead center. Okay, so can somebody answer that for Krish? It's a good question, good question. But I wanna see if some people been wanna know, there you go, Ken. I'm not putting on a number two when it's my number one is centered. Right, Meach, exactly. Like I could have, but I would have overlapped strikes. Yeah, I just never, I never got, and never got tested to the, my first power hour trade. That's good to me is the big difference of the back test and the way you all do it, where you got a certain time, you're going in no matter what, right? Like that's the difference between what I'm doing here and what y'all are doing with the other, you know, things that Steve has been doing. Here I made my strikes look a little bit better. So you see where it's currently at right at this moment. Like I'm just not, it's been between right here this entire time. To be honest with you, that doesn't really happen in power hour very often. Like typically it tests one side during power hour. Right, exactly, Mauro, exactly. So, and keep in mind, I had a second one on, I should still have that lunchtime number two on. Remember I screwed up? I should, right, exactly. See now we're starting to get the things that I've said before. We're starting to see them in action now. But if you look at my lunchtime number two here, remember I got out, I was going to get out a two at 370. So here's another reason, Krish. I would still have two on. Maybe I'd even had cut one of them by now at even lower price at 60% profit if I wouldn't have closed this one out like an idiot. I just forgot to adjust two strikes or two contracts. Okay, so normally I would have two on right now. I'd be finishing up with, I'd probably be booking 60% profit on my lunchtime two, maybe even 80% the way this price is moving. And I'm currently sitting here with a fill price at 255 for 60% of my power hour number two. And because it's setting so centered, probably could lower that to not take it off, but I'll stick with my plan. And this is exactly what I like seeing during power hour. That's for sure. Okay, so I just got filled at 255. Okay, so I go in here. Okay, so I closed one contract of my power hour number one. Okay, so that was 20, 40, 60. So who knows what the 80% profit is? I have two of 10 left. If you're booking 80% profit in power hour, that's great. If I can get it. Okay, so prices 635 is what I got filled on this power hour. So who wants to tell me what 80% would be? Because I'm gonna do my OCO. Yeah, anyone? Hey, I was a teacher in principal for 21 years. Yes, 1.3. So I'm gonna put my price in at 1.3 or 1.25, whatever. Let's put it at 1.25, man.  Hell, let's just put it at 1.20. And you know what? Let's go ahead and put my trailing stop at 1.5. That's fine. I don't wanna go any lower than that. So I'm gonna close one more contract at 1.2 with a trailing stop of 1.5. See, now when you're getting down into the 80% and these trailing stops are like in the ones, you pretty much just put whatever you want. Yeah, I could close both contracts here at 80% if I wanted to. But it's sitting pretty centered. Just win, baby, just win. Okay, so you look at price in my, look at this power hour from 1.45. So I'm currently at over 3K. Okay, but tell me this, guys. Is it only gonna get easier to put profits in these as volatility gets higher? Or is it gonna get harder? I think the benefit of it would be you're having wider, especially the mornings. In lunchtime, you're having wider spreads. So here's how my one power hour trade is setting.  So man, I mean, part of me is just like, maybe I should just let it expire and just take my, maybe I should just, yeah, I should just take my order off. Problem is, is like the last five minutes I could just rip one way or the other. So I like to keep that trailing stop on. Right now my trailing stop is 3.55.  That's worst case scenario. Losing bid, what do you mean by losing bid? I'm not sure what you're meaning by that, Meach. Yeah, yeah, yeah, I think I have experienced that. Yeah, yeah, and that's why like, if I'm in a straddle, I'm closing it out. And so like, yeah, I hope I would hit my 3.55 or whatever I said it was instead of getting missed, but right, 13.90 today, Meach. No, I don't know, that's Donny Dog. Does tasty trade, does tasty trade have paper trading now? Well, then what's this tasty, I thought this is Donny, I thought you screenshotted your tasty trade. Oh, I got you. Oh, so you're 13. What you posted wasn't these iron condors. Still look at this power of price movement. Oh, that was, okay. So that is the thinkorswim profit I got you. I'm with you. There you go. You're not on the struggle bus, man. Look at that, plus 13.90 today. Yeah, so here, see here comes price movement in the last 10 minutes and hope I don't get, oh, but if it stops out, it stops out. So if not, maybe I'll book 80% paper, look at these guys with paper trading. I love it. Booyah, 2,000 bucks. Some of you experienced power hour traders are gonna have to make a little bit of a switch from time to time here now. I know you got reputations to uphold, but nobody's gonna laugh at you for paper trading some of you. Man, this price movement, it's just, I haven't seen this in a while for power hour. Today was not easy at all. Oops, do you share your spreadsheet? I'm Van Wooten. I can definitely share the spreadsheet. Yeah, yeah, a blank one, yeah. Shoot me an email at chat at navigationtrading.com to remind me and I can post it in here somewhere. Also use the Discord chat, I'll check the Zoom chat, but it's chat at navigationtrading.com if you can remind me, I'll make a template. I'm assuming, which one are you talking about? Are you talking about my fills or are you talking about my overall progress? My overall progress as you see still, and I know you guys can do all this through all your, like Steve does this much better with platforms of uses, but this is how I like to do it. But I've got an annual and then I've got a, I wanna track my AM lunchtime and power hours, so I'm doing it this way. So if you want the trade price tracker, tracker that's already got the formulas in it or do you want the overall spreadsheet? Just email me, chat at navigationtrading.com, though. Let me know which one it is. I'll try to post, I can put blank ones in there. I wanna make them blank at some point. Looks like price is moving up. Which doesn't bode well, but my stop is lowered. So my trailing stop has now come lowered, it may get stopped out here. You can kinda see how price has moved up. Five minutes to go, normally I'm out of it by now. Yeah, Van Wooten, just make sure you post in the Discord chat, not the Zoom chat. I won't see those anymore. Both sheets, yeah, I can make blank ones of both sheets. For me, it's helped me with all my fills and keep track of which fills go with which. And I also, I didn't do it today, but I also like to type the strikes in here for my trade notes. It helps me monitor the time. I don't know if that can, what Steve does can monitor the time and all that like it does here, but it's what worked for me when I was paper trading, so I just continued it. So man, this last one, I need to come down a little bit, but it looks like it might stop me out. Or I won't get filled because like Meach said, nobody there to buy it. It never came down to a buck 20 and got me at 80% though, unfortunately. So when I look at it, one, two, three, four, so I did have six trades today. So that's my normal. I just took an extra morning one based on price. As you can see all of last week, six, six, four, five, three, but three I had a, on Friday I had a doctor appointment. Yeah, my, I got skipped, looks like Meach. It passed my stop. So that is definitely happening to me right now. Oh, it's happening to me because I'm not getting filled. My stop was at three, was at 275 and it's up to $4 and I'm not filled. So maybe it's paying me back from this morning. So Dow ending up down 250, NASDAQ down five. SAP down 19. So really the S&P pretty much ended where it started today. Yes, yeah, I'm not getting my fill on my last one, I should have probably closed it out. So this is a mistake on my part.  Still gonna be green, but this is dumb. Like my limit was 275 and it's at 492, dumb. You kidding me? Okay, so I'm gonna show you this. This is stuff that you learn along the way. Look at this garbage. So this tells me, this hasn't happened a lot to me, but look, I had a 275 stop and it ended at 583. So next time Chad, go ahead and just close it out with 10 minutes to go and take your profits.  Yeah, exactly. So I should have just probably closed them out. That kind of evens out from this morning, right? Okay, hold on a second here now. Hold on, I wanna see 8.5K. What are you trading there, Elliot? That's some contracts. Okay, so my last two got filled, closed out at 573. So 1649, so not the best day, but 2314 for me. On six trades. So all right, I guess I got one power hour under my belt. I hope some of that was helpful. And I will see everybody back. Let's see the tomorrow, let's take a look at this real quick. I can't do power hour tomorrow because I got a meeting, let me take a look at the livestream. I know you changed it up here a little bit. I got a meeting it with my 13 year old and potentially new school he's going to for high school next year. He's a really good football player. So we have that at three central tomorrow. So I will be live market open. And then I'll post my AM in lunchtime iron condors, but no power hour for me tomorrow. And then Thursday, Friday, I'll do mornings and power hour. So see you everybody then, catch you later. Peace.


A very good evening aspirants, welcome to Hindu newspaper analysis brought to you by Shankar IAS Academy for the date 13th of February 2023. Displayed here are the list of articles that we are going to discuss today, without any delay let's get into the article discussion. Today we are going to start our discussion with this friend page news article. This news article reports about the appointment of governors. See yesterday our president, Mr. Draupadi Murmu appointed governors for 12 states and a union territory. And out of these 13 governors appointed 6 were new faces. And this includes the retired Supreme Court judge, S. Abdul Nazir. And this is the crux of the news article given here. In this context we are going to revise about the appointment of governor in prilam's perspective. See I have taken this article today because it will be as a revision to you.  Now coming to the appointment of governor, first of all which article in the constitution provides for the office of governor? Yes, it's article 153. It deals with the office of governor. It says that there shall be a governor for each state. And further it provides that the same person can be appointed as governor for two or more states. So in the Indian constitution article 153 only provides for the office of governor. Remember this. Now coming to the source of the office of governor. Know that the feature of the office of governor was taken from the government of India Act 1935. But the provision of appointment of the governor of state by the center was borrowed from Canadian model of the government. Know this distinction okay. The office of governor was taken from government of India Act 1935. But the appointment procedure or the appointment provision that is the governor of the state appointed by the center is borrowed from Canadian model. Here I have a question for you. Does Canada have a constitution like India and America? Comment if you know the answer to this okay. Now coming back to the appointment of the governor. See article 155 deals with the appointment of governor. It says that the governor of a state shall be appointed by the president by warrant under his hand and seal. Now this is the appointment. Governor is appointed by president by warrant under his hand and seal. Now moving on to the term of office. See the term of office of governor is provided under article 156. Now the clause 1 of article 156 says that the governor shall hold office during the pleasure of the president. This means that the governor will continue to serve as long as the president wishes. So from this we can say that the governor has no security of tenure and no fixed term of office. And this is the clause 1. Now coming to clause 2 it talks about the resignation of the governor. See this clause provides that the governor may resign from his or her office by writing under his hand. And this resignation letter has to be addressed to the president. Now coming to clause 3 it provides for the term of office to governor. It says that a governor shall hold office for a term of 5 years from the date on which he enters upon his office. Now does this mean article 156 clause 3 provides security of tenure to the governor? Actually no. See in general the governor shall hold office for 5 years as per article 156 clause 3. But this fire term is subject to the previous provision of article 156 that is clause 1. In clause 1 what we saw we saw that governor serves his office during the pleasure of the president. So there is no security of tenure to the governor. Now in addition to all these provisions article 156 further says that even after the expiration of term of 5 years a governor shall continue to hold office until a successor enters upon the office. So this is like a continuation of the term until the successor arrives. And these are all the provisions related to the office of governor and the appointment of governor. So what are all the qualifications for the office of governor? That is provided under article 157. See this article provides for the qualifications for appointment of governor. It says that a person to be appointed as governor should be a citizen of India. And secondly he or she should have completed the age of 35 years. And these are all the qualifications that is given under article 157. Now finally before concluding our discussion we will see about the oath or affirmation by the governor. And this is provided under article 159. It says that every governor and every person discharging the functions of governor shall make and subscribe an oath or affirmation before entering his office. And this is in the presence of Chief Justice of High Court exercising jurisdiction in relation to the state. In case of absence of Chief Justice of High Court the senior most judge of the High Court will preside over the oath of the governor. Now that's all regarding this discussion. In this discussion we saw about office of governor from where this provision is borrowed. And after that we saw about the appointment of governor. Ten your qualifications. And finally we ended our discussion by seeing oath or affirmation by the governor. Now take note of all of these points. And with this we shall move to the next article discussion. Now for our next discussion we are going to take this editorial article. It talks about India-U.S. space cooperation. See although there are many grounds available for cooperation there are few barriers too for a full fledged long term cooperation. Now in this line the article suggests few solutions to overcome these barriers for cooperation in space sector. Now in this discussion we'll try to understand how U.S. and India has collaborated in the field of space research so far. And we'll also see some of the important points in the article. But before that I have highlighted here the syllabus relevant to this article. Quickly go through it. Now firstly we'll try to understand the Indo-U.S. space cooperation from a historical perspective. See Indo-U.S. space cooperation has a long history. America established a full fledged American space program in the year 1962. And after this India set up the Equatorial Rocket Launching Station at Thumba on the coast of Arabian Sea in 1963. And this was followed by the launch of U.S. made Niki Apache sounding rocket in 1963. And this marked the beginning of Indian space program. And later during 1975 to 1976 NASA and ISTO had conducted the Satellite Instrumental Television Experiment known as the SITE S-I-T-E. Now under this program NASA's ATS-6 satellite beamed the educational programs via television sets to over 2000 remote Indian villages. And since then India has been a major trading partner of the U.S. in space technologies. Now during the year 1980s the U.S. helped India to launch its own satellite telecommunication system. But we all know what happened following the Pokhran nuclear test. The U.S. imposed trade, economic and military sanctions on India. Now this sanctions hampered the progress of ISTO. Now around this time only we had a cryogenic engine contract with Russia. But America forced Russia to stop this deal as well. Besides that American agencies blocked all cooperation in the areas of supercomputing. Despite this India made remarkable progress in the field of science and technology. Now U.S. understood that sanctions regime would not work in the Indian context. Also they could not overlook the India's record of non-proliferation. Adding to this the global geopolitics changed radically post the 9-11 twin tower incident. And most importantly Americans become aware of the scientific and commercial talent available in India in the areas of space technology and information technology. So this is the historical background of cooperation of India and U.S. in the space sector. Now with this backdrop let us see the recent progress of Indo-U.S. strategic partnership. See India and U.S. are getting closer due to the changing geopolitics. So the two countries appeared to be taking their space cooperation to the next level. India and the United States started engaging in space security dialogue from the year 2015 itself. See one important mission along these lines of collaboration is NISAR, N-I-S-A-R. It is expanded as NASA, ISRO, Synthetic Aperture Radar Mission. It is a joint project between NASA and ISRO to co-develop and launch a dual frequency synthetic aperture radar on an Earth observation satellite. Now what is this synthetic aperture radar? See it is abbreviated as SAR-S-A-R. It is an emerging technology in remote sensing. It works similar to how bats use echolocation to navigate in a cave. Basically the bats create sound waves. When this sound waves bounces off a wall and returns to the bat, it understands the distance between the bat and the wall based on this echo. The same principle only applies to SAR. The satellite sends microwave pulses to Earth. The pulse returns back to the satellite and the sensor makes an image from the returned echoes. And this radar can be seen at night and through clouds and smoke as well. So as I mentioned earlier, the NISAR is a dual frequency radar. In fact, NISAR will be the first satellite mission to use two different radar frequencies. That is the L-Band and the S-Band. Now NASA is responsible for providing the missions L-Band Synthetic Aperture Radar and ISRO is providing the S-Band. Now what is the difference between this L-Band and the S-Band? Actually longer wavelengths can penetrate clouds better. And even the ground as well. Here L-Band radar has longer wavelengths and the penetration depth is up to 25 cm. And for the S-Band it is up to 10 cm. So this NISAR mission would measure the changes in our planet's surface. And NISAR will also be capable of observing the Earth's land and ice covered surfaces on a global scale. See after this discussion kindly browse and learn about the other uses of Synthetic Aperture Radar. It will be very useful for you. And it is also very interesting to know. I am telling you this because it is a potential prerum's question okay. Now coming back to the article. The article highlights some structural factors that limit the extent to which the US and India can collaborate in the field of space research. It says that there is a mismatch in the interests and capabilities. And these are all the barriers. Firstly let us see about the interest of two countries. See the US has committed to returning to the moon. And this time the US has committed to stay in the moon for a longer time. And this is because of the different motivation drives which includes national prestige, geopolitical power, economic opportunity, scientific knowledge etc. From this we can say that US ambitions are firmly set on the moon for now. Although it does not fully ignore the low Earth orbit. But when it comes to India our scientific community focuses on building the nation's capability in and under the Earth orbits. This does not mean that India is not aiming for the moon Mars or beyond. But India's top priority for now is to substantially increase its satellite and launch capabilities in the Earth orbits. And this priority is to catch up with the other space foreign nations such as China. And this is the first barrier between US and India which is the mismatch in interests. Now secondly there is asymmetry in capabilities. The US has the highest number of registered satellites in space. It also has a range of launch vehicles serving both commercial and national security needs. Besides this private entity SpaceX for example managed to achieve a record 61 launches in the year 2022. This is the US scenario. On the other hand the Indian space research organization currently undertakes fewer than 10 launches each year. The Indian government also opened the space industry to the private sector but only in 2020. The US already has an extensive network of partners for space cooperation. Therefore it has a very few technical incentives to cooperate with India. Therefore it has very few technical incentives to cooperate with India. Because India is lacking the capability right. See for now India and US are getting closer due to the geopolitical reasons. We know China is the rival of the US and US is collaborating with us to counter China's aggressive moves. But to pursue a long term cooperation there should be a proper functional incentive for the US right. Otherwise any cooperation will not be sustainable in the long run. So as per the article if we could properly work through these barriers India could secure technologies and expertise by collaborating with the US. And in turn the US could strengthen its relationship with India in the changing geopolitics. Now for this the author suggests few solutions. Firstly the author is suggesting that there should be a sustained engagement between academics, the private sector and the state-led entities in the two countries. That too there should be sustained engagement in specialized projects like NASAR. Secondly partnership between state and private entities can be one of the cooperation. For instance we can make effective use of collaboration under NASA's commercial lunar payload services program that is CLPS program. Under the CLPS program NASA pays companies to deliver payloads to the moon. Now US is looking to include Indian companies also in this initiative. So through this India could send its astronauts to train at the American private companies. And this could help India reduce its dependence on Russia for training astronauts. And ISRO can also build its own astronaut training center. This is the second suggestion that is partnership between state and private entities. Thirdly the author is suggesting to form a consortium led by the government owned New Space India Ltd. Now by this we can involve the private companies in the US in the Indian space programs. Here note that New Space India Ltd is a public sector undertaking of government of India and it is the commercial arm of the ISRO. So by forming a consortium which is led by this PSU we can involve private companies in the US to work in the Indian space programs. As we all know the main objective of the New Space India Ltd is to scale up the private sector participation in the Indian sector programs. So it is very apt for fulfilling its objective also. So these are all the three suggestions given by the author in this editorial. First one is sustained engagement between academics private sector and state led entities in specialized projects. Second one is partnership between state and private entities. And the third one is forming a consortium led by the New Space India Ltd. This is to increase the involvement of private companies in the US in the Indian space program. Now before concluding the author is saying that these arrangements could accelerate India's human space flight program. And this will also give the US an opportunity to accommodate Indian interests in earth orbits. Now that's all for this editorial discussion. In this discussion we saw about the cooperation of India and US in the space sector in the past. And after that we saw about the Nizar mission which is NASA ISRO synthetic aperture radar mission. We understood water's synthetic aperture radar. And after that we saw what are all the barriers or the structural limitations that limits the collaboration between India and US in the space research. And finally we ended our discussion by seeing the author's solutions to overcome these barriers. Now with these points let us move on to the next article discussion. Now look at this snippet. Last Monday Turkey was hit by a devastating earthquake. So Greece foreign minister visited Turkey in a show of support. And this is despite a long standing rivalry between the two NATO countries. And this is the crux of the snippet given here. So using this as an opportunity we'll try to understand the cause of rivalry between the two countries. See Turkey and Greece they have unresolved historical issues as well as a set of post second world war disputes that still continue to disturb their relation. And these include the status of Cyprus access to hydrocarbon resources in the east Mediterranean sea. And then there is also problems with the aerial and maritime boundaries of Aegean islands and the militarization of these islands. But even before these issues there were some historical factors which has strained the relation between the countries. See the Ottoman Empire conquered most of Greece gradually in the 15th century. So the Greek War of Independence broke out in 1821. And this led to the overthrowing of Ottoman Empire and Greece became the first Balkan and European nation to set free themselves from the Turks. In 1919 with the collapse of the Ottoman state Greece attempted to conquer western Turkey. But Greeks were defeated by the Turks and were expelled back to Greece. See the Lausanne Treaty of 1923 was signed at the end of first world war to settle the conflict between Turkey and the Allied powers including Greece. See this treaty defined the boundaries of Turkey and Greece. Know that major territories in the Aegean sea beyond 3 miles from the Turkish coast were ceded to Greece. And this was done with the exception of 3 group of islands. Now under the terms of the Lausanne Treaty Greece was obligated to keep the islands demilitarized. And this treaty has poured the way for the boundary issues between two countries. And this was from a historical perspective. Another cause for rivalry is the Cyprus issue. There was an ethnic rivalry between the Turkish and the Greek inhabiting the Cyprus island. In 1974 the Turkish forces landed in Cyprus and captured the island. And a ceasefire was declared. And this has further increased the tensions between the two countries. Apart from this there is also a religious side to the conflict. Turkey reconverted Hagia Sophia in Istanbul into a mosque. But know that this UNESCO World Heritage Site was originally a Byzantine church. Currently the control of the eastern Mediterranean and Aegean seas for oil and gas exploration has caused tensions between the two countries. Turkey signed a deal with Libya for the creation of an exclusive economic zone from the Turkish southern coast to Libyan northeast coast. But the Greeks pointed out that the agreement has failed to take Crete into account. This Greek island Crete falls midway between the Turkey and Libya. And these are all some of the causes for rivalry between the two countries. One is territorial dispute. The other one is Cyprus issue. And the other one is religious issue. And the final one is control of maritime territory. Now that's all for this discussion. Now with these points in mind let us move on to the next article discussion. Now look at this news article. It says that evaluation by FATF is nearing. So the government agencies are taking steps to strengthen India's framework against money laundering and terrorist financing. Now this is about the news article given here. Now today in our discussion we'll see about FATF and mutual evaluations of FATF. First of all what is FATF? It is expanded as financial action task force. And it is the global money laundering and terrorist financing watchdog. See it was founded in the year 1989 on the initiative of G7. Here G7 or Group of 7 is an intergovernmental organization consisting of Canada, France, Germany, Italy, Japan, United Kingdom and United States. Now coming back to the FATF. FATF is also an intergovernmental body.  And the other aim of the FATF is to prevent the harm caused by these activities to the society. And in addition to this the FATF works to generate the necessary political will to bring about the national legislative and regulatory reforms in these areas. So these are all the major functions of FATF. See the financial action task force secretariat is located at the organization for economic cooperation and development headquarters in Paris. Currently FATF has 39 members including two regional organizations namely the European Commission and the Gulf Cooperation Council. And know that India is also a member of FATF. Now with this information let us see what does the FATF do? See the FATF has developed the FATF standards and these standards help develop a coordinated global response to prevent organized crime, corruption and terrorism. They help the authorities to go after the money which belongs to criminals dealing in illegal drugs, human trafficking and other crimes. See FATF also works to stop funding for weapons of mass destruction. So the FATF it reviews the money laundering and terrorist financing techniques and continuously strengthens its standards to address new risks. See the FATF it also monitors countries to ensure that they implement the FATF standards fully and effectively. And the FATF also holds these countries that is the member countries accountable for these measures. Now having gone through the basics let us move on to see about the FATF mutual evaluations. See these are basically reports that analyze a country's implementation and effectiveness of measures to combat money laundering and terror financing. So it is like a report card. See these reports are peer reviewed which means the member countries assess the steps taken by another country to counter money laundering and terror financing. In addition to evaluating the country's anti-money laundering and counter terrorist financing system the FATF mutual evaluations also provides recommendations to augment the system. So what does this mean? In simple words FATF mutual evaluations means analyzing the country's implementation and effectiveness of measures. Here know that mutual evaluations not just simply evaluate the country's implementation. It also makes recommendations to improve the anti-money laundering and counter terrorist financing system. Now during a mutual evaluation the assessed country must demonstrate that it has an effective framework to protect the financial system from abuse. Know that mutual evaluations have two main components effectiveness and technical compliance. So while evaluating the effectiveness a team of experts visit the assessed country on site. During this visit the assessment team will ask the assessed country to show evidence that the steps taken by it have been successful in combating money laundering, terror financing and proliferation of weapons of mass destruction. This is about evaluation of effectiveness. Now the second one is evaluation of technical compliance. So while doing this the assessed country must provide information on laws, regulations and any other legal instruments it has in place to combat the money laundering and financing of terrorism and proliferation of weapons of mass destruction. So while evaluating for the effectiveness the assessed country has to provide evidence that the measures are successful and while evaluating for the technical compliance the assessed country should provide information on laws, regulations and legal instruments of that country which it has established. Here know that I already said India is a member of FATF right. So the FATF mutual evaluation was also conducted for India. Now let us see some of the key findings of it ok. The evaluation states that India has taken some positive steps by criminalizing money laundering. Here they are talking about prevention of money laundering act and terrorist financing. Here they are talking about UPA act. It is nothing but the unlawful activities prevention act. See these two measures gives punishment once the crime is conducted. Apart from this India has also taken measures to prevent the crimes from occurring by empowering the financial sector. See all these are some positive steps taken by India but still the conviction rate is very low. So the FATF has advised India to take steps for the proper enforcement of anti money laundering and anti terror financing provisions in India. So these are all about the mutual evaluations of India in the past. Now according to today's article mutual evaluation of India is going to happen again. And that's why India is making preparations for it. Now that's all regarding this article discussion. In this discussion we saw about FATF, its members, its functions, mutual evaluations of FATF, its significance and finally mutual evaluation of India. Now with these points let us move on to the next article discussion. Now look at this article here. The news is that a prototype of air launched unmanned aerial vehicle developed jointly by India and the US is likely to be flight tested later this year. See in 2021 a project agreement for ALUAV was signed between the Indian Ministry of Defence and the US Department of Defence. And this agreement was signed under Joint Working Group Air Systems in the Defence Technology and Trade Initiative. And this is the crux of the news article given here. In this discussion let's learn about Defence Technology and Trade Initiative. See Defence Technology and Trade Initiative was a defence mechanism between India and the USA. It was launched in the year 2012. Know that this DTTI is neither a treaty nor a law. Whereas it is a flexible mechanism that engages the senior leaders from both the countries to strengthen the opportunities in the field of defence. Now what was the reason behind the creation of DTTI? See before the creation of DTTI the scope for cooperation in defence technology between India and the USA was very narrow. This was due to the presence of differing bureaucratic processes and legal requirements. So DTTI was created to expedite the cooperation of defence technology between India and the USA. So in simple words DTTI was created to overcome the barrier of different bureaucratic process and legal requirements. Now moving on to the aim of this initiative. The first and foremost aim is to focus on the sustained bilateral defence trade relationship between India and USA. Secondly this DTTI initiative aims to create opportunities for co-production and co-development of defence equipment. And finally this initiative helps in exploring new areas of technological development and also expanding India-US business ties. So these three are the main aims of DTTI. First one is to sustain the bilateral defence trade relationship. Second one is creation of opportunities for co-production and co-development. And third one is exploration of new areas of technological development and expansion of business ties. Now let us see about the projects under DTTI. See the projects under DTTI have been classified as near, medium and long term projects. Now we will see them one by one. Firstly let us take the near term projects. See the near term projects under DTTI includes air launched small unmanned systems, lightweight small arms technology and intelligence, surveillance, target acquisition and recognizance. So these are all the near term projects. Now talking about the medium term projects. It includes maritime domain awareness solution, virtual augmented mixed reality for aircraft maintenance. And finally there is this long term projects. It includes terrain shaping obstacle and the counter US rocket artillery and motor systems. So these are all the projects under DTTI. See to execute these projects under the defence technology and trade initiative, four joint working groups focused on land, naval, air and aircraft carrier technologies have been established. And these groups promote mutually agreed projects within their domains. So under this joint working group only, India and USA are developing this air launched unmanned aerial vehicles. And as I said already, a project agreement for this AL UAV was signed between Indian Defence Ministry and US Department of Defence. It was signed on July 30, 2021. Now that's all for this article discussion. In this discussion, we saw about project agreement for the air launched unmanned aerial vehicle. We saw about the defence technology and trade initiative of India and US. We saw the aims of this initiative. And after that we moved on to see about the projects under DTTI. And finally we ended our discussion by seeing about the execution of these projects via joint working groups. Now with these points, let's move on to the next article discussion. Now see this article. In this article, the news is that Kerala State Human Rights Commission has registered a seomoto case on death of tribal youth from Mayanad on Saturday. He died after being attacked by a mob at Government Medical College Hospital in Kohli Kod. Now this is the crux of the news article given here. In this context, let's learn about State Human Rights Commission from exam perspective. Like the National Human Rights Commission, the State Human Rights Commission is also a statutory body. It was established in each state based on the provisions of the Protection of Human Rights Act 1993. Now this is about the basis for establishment of State Human Rights Commission. Now let's move on to see about the composition. See the SHRC consists of a chairperson and two members. Now what about their qualifications? See as far as a chairperson is concerned, he or she should be a retired Chief Justice or retired judge of a High Court. And then there are two members, right? One member should be a serving or retired judge of High Court or a district judge in the state. In case of district judge, he or she should have minimum of 7 years experience as district judge. Now for the another member, he should be a person who is having knowledge or practical experience in matters relating to human rights. So these are all the qualifications of chairperson and two members. See know that apart from a chairperson and two members, the SHRC also consists of a secretary who shall be the Chief Executive Officer of the SHRC. The secretary exercises all administrative and financial powers of the State Commission and this power is subject to the control of the chairperson of the SHRC. Now with this information, let us see about the appointment of the members of SHRC. See the chairperson and members shall be appointed by Governor by warrant under his hand and seal. Know that the appointment should be made after obtaining the recommendation of a selection committee. And this selection committee consists of Chief Minister who acts as the chairperson of the committee. Secondly, Speaker of the Legislative Assembly. Thirdly, Minister who is in charge of the Department of Home in that state. And finally, Leader of the Opposition in the Legislative Assembly. So the selection committee consists of these members. And based on the recommendation of this selection committee only, Governor appoints the chairperson and members of SHRC. Here note that if there is a legislative council in a particular state, then the chairperson of that council and leader of opposition in that council will also be included as members of the selection committee. Further, there is a condition here. A sitting judge of the High Court or a sitting district judge can be appointed only after consultation with the Chief Justice of High Court of the concerned state. And this is all about the appointment of chairperson and members of SHRC. Now let's see about the term of office of chairperson and members. See the chairperson and members hold office for a term of 3 years or until they attain the age of 70 years whichever is earlier. Now one ceasing to hold office, the chairperson and members they are not eligible for further employment under state government or the central government. So after retiring from their term, they cannot be employed in any state government jobs or central government jobs. However, the chairperson and the members they are eligible for reappointment to the same office. I hope you understand this difference. You have to be very careful regarding this okay. If a statement says that chairperson and members they are not eligible for reappointment to the SHRC then that statement is incorrect. Because they are eligible for reappointment to the same office but they are not eligible for employment under any other state government or central government. Now this is about the term of office of chairperson and members and some conditions. Now let us move on to see about the removal procedure. As we saw earlier the chairperson and members of the state human rights commission are appointed by the governor right? Now here comes the golden question. Are they removed by the governor? No. See they can be removed only by the president. See president can remove them on the grounds and in the same manner as he can remove the chairperson or member of a national human rights commission. So the procedure for removal is same for SHRC and NHRC. In addition to these the president can also remove the chairperson or a member on grounds of proved misbehavior or incapacity. However in these cases president has to refer the matter to the supreme court for an inquiry. If the supreme court after the inquiry upholds the cause of removal and advises the same then the president can remove the chairperson or a member. So these are the two scenarios about the removal of members of SHRC. Here I told you that the removal procedure for the members of SHRC is equal to the NHRC right? So go and read about the removal procedure for the members of NHRC. See like this only you have to study. Your preparation has to be an integrated one. Then only you will be able to easily remember the points in your examination hall. Now coming back let us conclude our discussion by seeing the jurisdiction of State Human Rights Commission. See the State Human Rights Commission can enquire into the violation of human rights only in respect of subjects mentioned in the state list and the concurrent list. We all know the state list, concurrent list and the union list they constitute the 7th schedule of the constitution right? So the jurisdiction of SHRC is limited to state list and concurrent list in the 7th schedule. However if any such case is already being enquired by the NHRC or any other statutory commission then the State Human Rights Commission does not enquire into that case. Now how is this possible? We saw that SHRC's jurisdiction includes concurrent list right? Think about it no. Concurrent list means NHRC also has jurisdiction over it right? So if NHRC is enquiring about any case that comes under concurrent list then that case will not be enquired by the SHRC. Now that's all regarding the jurisdiction of State Human Rights Commission. And with this we have also come to the end of this particular article discussion. In this discussion we saw about the establishment of State Human Rights Commission, its composition, qualification of members of State Human Rights Commission, appointment, selection committee, the term of office of chairperson and members, the removal procedure and finally the jurisdiction of State Human Rights Commission. Now with these points let us move on to the next article discussion. Now for our next discussion we are going to take this text in context article. This text in context article talks about micro LED display technology. See Apple is currently working on this new display technology and it plans to implement them on future watch models from 2024. And once implemented it will be gradually introduced to its other devices including iPhones and Macs. However the article says that the complications and challenges associated with the new technology may cause Apple's plans to be delayed. See this is what is given in this article here. In this context we are going to understand what is this micro LED technology and why it is preferred by Apple. See before getting into the discussion you have to understand what is LED and what is LCD. See both are display technologies. See when it comes to display technology LCD stands for liquid crystal display and it is a passive device that employs fluorescent bulbs to brighten the image. Here passive means not influencing or changing the situation. So here the work is done by the fluorescent bulbs because that only brightens the image. On the other hand LED it is a form of LCD. LED stands for light emitting diode. See it is a semiconductor device that emits light when current flows through it. And it uses a different kind of backlight technology to brighten the image. Here the similarity between the two is that both uses liquid crystal display. So what is this liquid crystal display? We all know that there are three states of matter right solids, liquids and gases. But there are some substances that are actually a strange blend of different states. Likewise a liquid crystal is a state of matter between liquid and solid. In simple words they change shape like a liquid but they have the molecular alignment characteristics of a solid crystal. And that is exactly why they are called as liquid crystal. Now these liquid crystals they are only in charge of electronically turning a filter on and off to keep that pixel black or to reveal a specific color. So from this what do we understand? We understand that both LCD and LED monitors they use liquid crystals only. But the difference is that they use different backlighting. We saw that in case of LCD fluorescent bulbs brighten the image right. In case of LED it uses a semiconductor device which emits light when current flows through it. So it is the backlighting that really makes them different from one another. You all know what is backlight right. It is a form of illumination from the backside of the screen. Like I already said standard LCD monitors they employ fluorescent lamps' backlights. And these fluorescent lights are evenly placed behind the screen so that they deliver consistent lighting across the display. And all regions of the picture will have similar brightness level. Now LED monitors they do not use fluorescent lamps. Instead they use light emitting diodes which are extremely small lights and these provide crisper image when compared to LCD. Now these are few basic points that you have to know about LCD and LED. Now let us come to micro LED technology. See it is an emerging flat panel display technology consisting of arrays of microscopic LEDs forming the individual pixel elements. I hope you all know what are pixels right. Pixels are the basic building blocks of a digital image. A pixel is a small dot that can emit colored light. It works like a mosaic but each individual piece is much less noticeable. Remember every pixel is composed of three color filters which are called as sub pixels. There is a red, blue and green sub pixel for every pixel. So an array of microscopic LEDs forms an individual pixel element. Here array represents collection of items okay. So a collection of microscopic LEDs forms individual pixel element. As we saw individual pixel element has three color filters namely red, blue and green sub pixel. And this arrangement only forms the micro LED technology. Now another specialty of micro LED is that they are self-emissive in nature. This means that every sub pixel is a tiny light source that can be individually controlled. What is a sub pixel here? It is the red, blue, green filters. So these sub pixels they are tiny light source and they can be individually controlled. So in the micro LED panels the emissive electro luminescent layer itself is a film of inorganic compounds that emits light in response to an electric current. In simple words they do not require separate backlighting. This means the layer itself will emit light when electric current is passed through it. See that's all you have to understand. Let's just bother about the big, big technical words and all. They are self-emissive and they do not require separate backlighting. If you still cannot understand what I'm saying just try to grasp this idea. See LCD based displays get white light from a backlight. And this light passes through LCD pixels and then through a color filter which allows us to see the colored image. With this micro LEDs they are self-emissive in nature. They do not require a backlight. Instead the panel layer itself is a film of inorganic compound which emits light when electric current is passed through it. And we already saw every sub pixel is a tiny light source and it can be individually controlled. And this is only the array of micro LEDs. And the picture in a micro LED screen is generated by several individual light emitting diodes. I hope now you got the clarity. See because of this advantage only micro LEDs have several benefits over other displays. Now let us see them one by one. Firstly micro LED displays are brighter, they have better color reproduction and they provide better viewing angles. And they make images appear as if they painted on the top of the device's glass. See that much clear the image will be. And this is the first advantage. Secondly since micro LEDs are resolution free, bezel free, ratio free and even size free they have limitless scalability. This means that they have the capacity to be changed in size or scale. And the screen can be freely resized in any form for practical usage. And thirdly since they are made up of inorganic compounds, micro LED promises even greater luminance without panel degradation issues. So these are all some of the advantages of the micro LED technology. But according to the article know that there are some issues like high cost and technical challenges. So developing Apple's own micro LED display might take some time until 2025. Now that's all for this article discussion. In this discussion we saw about LCD, it's working, LED and it's working. And we saw micro LED technology, its characteristics and finally we ended our discussion by seeing the advantages of micro LED technology. Now with these points let us move on to the next article discussion. See this article is the final article for our discussion today. This article says that the resignation letter of independent India's first law minister B.R. Ambedkar is missing from the official records. Despite extensive search in the constitutional affairs section, the document could not be located. This is a serious issue right? But we are not going to concentrate about that today. Instead using this opportunity we are going to quickly brush up the facts about Ambedkar and some of the contributions of him. See Bhima Rao Ambedkar was born to Bhima Bai and Ramji on 14th April 1891. He was born in central provinces Madhya Pradesh. This is some of the basics about Bhima Rao Ambedkar's personal life. See we are not going to see much more of it. Now we are going to concentrate on the social contributions of Ambedkar. See Ambedkar had devoted his life to remove untouchability. He believed that the progress of the nation would not be realized without the removal of untouchability. He also worked for the abolition of caste system in entire society. He studied Hindu philosophical traditions and made a critical assessment of the caste system. For him untouchability is a kind of slavery. See untouchables they were enslaved by caste Hindus and the caste Hindus themselves live under slavery of religious sculptures. So the emancipation of the untouchables leads to the emancipation of whole Hindu society. So he said that untouchability is the slavery of entire Hindu society. And this is his stand regarding untouchability. Now moving on in 1920 Ambedkar launched a newspaper called Muknayaka which means leader of the silent. And he launched this newspaper with the assistance of Shahaji II the Maharaja of Kolhapur. Other periodicals includes Bhahishkrit Bharat Samatha Janatha. In 1923 he set up the Bhahishkrit Hithkarani Sabha which means outcasts welfare association which was devoted to spreading education and culture amongst the downtrodden. Apart from this he launched full-fledged movements for Dalit rights by 1927 and demanded public drinking water sources open to all and right for all caste to enter temples. See the temple entry movement launched by Dr. Ambedkar in 1930 at Kalaram temple Nashik is another landmark in the struggle for human rights and social justice. And I hope you can all recall about the signing of Pune pact. See back in 1919 in his testimony before the South Barrow committee in the preparation of Government of India Act Ambedkar opined that there should be a separate electoral system for the untouchables and other marginalized communities. And later in 1932 Gandhiji protested the communal award of a separate electorate by fasting. And Gandhiji fasted while he was in the Airavada central jail of Pune and this resulted in the Pune pact. So after the Pune pact Gandhiji ended his fast and Ambedkar dropped his demand for a separate electorate. Instead a certain number of seats were reserved specifically for the depressed classes and this is what is Pune pact. And these are all some of the social contributions of Ambedkar. Now let us move on to see about the political contribution. See Dr. Ambedkar attended all the three round table conferences in London and each time he forcefully projected his views in the interest of untouchables. In the year 1936 he founded the Independent Labour Party and his party contested the 1937 elections to the Central Legislative Assembly. And later in 1942 he founded the Schedule Caste Federation as well. Apart from all these in 1947 Dr. Ambedkar was appointed as the Chairman of Constitution Drafting Committee where he got an opportunity to express all his opinions. He laid emphasis on constitutional morality which is still binding us in the form of constitution. In his perspective constitutional morality means effective coordination between conflicting interest of different people and administrative cooperation. Now that's all for this article discussion. In this discussion we saw about the social and political contributions of Ambedkar. Now with these points in mind let us move on to the next part of the discussion that is the practice prelims question discussion. Today we have six prelims questions. I will solve five of them and as usual one of them is a quiz question for you. Now let us take this first question with reference to the appointment of governor in India. Consider the following statements. Statement one the constitution of India provides that the governor should be an outsider and he should not belong to the state where he is appointed. Statement two as a convention the president consults the chief minister of the concerned state while appointing the governor. See here in these two statements statement one is incorrect and statement two is correct. Let me explain it to you. The constitution of India does not provide for the provisions that we saw in these two statements. Both are convention okay. See two conventions were developed in appointing governor over the years. The first convention is that the governor should be an outsider and he should not belong to the state where he is appointed. And this is being done to ensure that the governor should be free from the local politics. And then the second convention is that while appointing the governor the president consults the chief minister of the state concerned. And this is to ensure smooth functioning of the constitutional missionary in the state. However both the conventions have been violated in many cases. So like I said the provisions given in these two statements are convention. There is no such provision in the constitution. So statement one is incorrect and statement two is correct. So the correct answer to this question is option B2 only. Now moving on to the second question. The Mediterranean Sea is bordered by which of the following countries Turkey, Greece, Syria, Israel, Libya. See 21 countries have coastlines on the Mediterranean Sea. They are Albania, Algeria, Bosnia and Herzegovina, Croatia, Cyprus, Egypt, France, Greece, Israel, Italy, Lebanon, Libya, Malta, Monaco, Montenegro, Morocco, Slovenia, Spain, Syria, Tunisia and Turkey. So exactly 21 countries have coastlines on the Mediterranean Sea. Now look at the statements. All of these countries have border with Mediterranean Sea. So the correct answer to this question is option D 1, 2, 3, 4 and 5. Moving on to the third question. Consider the following statements about various lists of FATF. Statement one, the countries that are considered to be safe haven for supporting terror funding and money laundering are put in the FATF grey list. Statement two, black list is a list of countries that the financial action task force considers non-cooperative in the global effort to combat money laundering and financing of terrorism. Statement three, a black listed country may be subject to economic sanctions by a member of FATF. So in this question all of the statements are correct. Go through the statements again and take note of it okay? And I also know that currently Democratic People's Republic of Korea that is North Korea, Iran and Myanmar they are placed in the black list. And recently Pakistan was removed from the grey list. Now moving on to the fourth question. With reference to the defense technology and trade initiative consider the following statements. Statement one, it is a defense mechanism between India and Russia which strives to strengthen the opportunities in the field of defense. See this statement is incorrect. We know that a defense technology and trade initiator is a mechanism between India and the US. It was launched in 2012 and it engages senior leaders from both the countries to strengthen opportunities in the field of defense. Now statement two, this initiative aims to create opportunities for co-production and co-development of defense equipment. Now this statement is correct. This we saw in our discussion itself. So the correct answer to this question is option B21 Lee. Now moving on to the fifth question with reference to State Human Rights Commission consider the following statements. Statement one, it is a statutory body established in states under the Protection of Civil Rights Act 1955. The statement is incorrect. It is a statutory body. That is correct. But it was established under Protection of Human Rights Act 1993. Now statement two, it can enquire into the violation of human rights only on subjects mentioned in the state list of the seventh schedule of constitution. See this statement is also incorrect because SHRC has powers to enquire into the violation of human rights on subjects in state list as well as the concurrent list. Now moving on to the third statement, the recommendations of the commission are binding on the government. Again this statement is also incorrect. The recommendations of the SHRC are not binding on the government. Look carefully what has the question asked. The question has also asked for the incorrect statements. We found that all of the three statements are incorrect. So the correct answer to this question is option D1213. Now moving on to the final question. See aspirants, this is only the quiz question for you. Read the question carefully, think about it and post your answer in the comment section. Aspirants, I have displayed here the main practice questions. So interested people, write it and post your answer in the comment section. If you have any queries related to the articles that we discussed today, post that also in the comment section. With this we have come to the end. If you find the video useful, like, share and comment. And do subscribe to Shankar Iyer's Academy's YouTube channel for further updates. Thank you.


Hopefully you can hear me. Hopefully you can see me. Hopefully I'm not frozen. Let's go back over. Let's go over here and see. If I go over here, Amazon page is over here. So am I live? Am I frozen? Is it live or is it memory? I don't know. It might be my setup. It might be my setup. Live? I'm live. I'm here. I'm alive. Let's try to refresh that. Okay. I got to get better music too. I got to get more upbeat music. All right. So watch now. Okay. Let's see what it looks. For some reason, it's all clunk of doodle. There I am again. It's very, very, very clunky and not good. So what is it? What is the problem? What is the problem? Not sure why it's not working. Maybe it's getting better. I don't know. It looks a little clunky. All right. Yeah. Okay. So it's okay. All right. All right. All right. Hey, I'm having a lot of trouble. So let me know. I've been freezing up and those last things been freezing. We got over here going around. If you notice, we got the, uh, the snake, uh, comment snake. Okay. So when you make comments, it's going to be in the snake. Okay. It's supposed to anyway. Stargazer, Sheila B, your comment should be there and it's not. It's kind of bad connection. I see.  I don't know what's going on. I logged off and logged back on. Not sure what the problem is. Um, When I went from here the other day, it was fine. And so I don't, didn't change anything. Well, I actually, I added the big screen TV so I could see the comments. And, um, I changed the camera. Right. Oh, so there's it. So I'm a dork. You're up there. Okay. So all right. So you see how that works. Okay. So when you make a comment and you're going to be on the, the, uh, the snake, you'll be the head of the snake. So the most recent comment will become the head of the snake. And if we fill up the whole stream, if we fill up the whole stream with the whole snake all the way around, I'm going to give away a $20 gift card at the end. Okay. So let's go and, uh, see what's going on with that. You see, it might be getting better. Might be getting better. I'm not sure. It's got to be the camera then. It's got to be the camera. So how do I got to do it? How do I got to do to fix that? It's way behind too. It's way behind. What the problem is. All right. So I don't know how good you can hear me. How much if I'm live, if I'm, if I'm very. Okay. There you go. We have three on that centipede. There we go. Three. So now you're up on there. Okay. So there you go. That's how you do it. And your, your comment will also get, uh, you know, posted right there now in the stream. So that's pretty cool too. That's really behind. It could be the, could it be the camera? I'll tell you what, we're going to go through a bunch of stuff. So we got to this works carousel going on here. Uh, the comments around the move. Right. So yeah, I don't know. Maybe that's slowing it down. It could be, but it could be my camera. Could be the settings on the camera, but I don't know how to plug and play camera.  I know what it could be. Let's see something here. That's what it is. Seven 20. Nope. Oh, well, well done. Okay. Uh, that was a good one. Uh, Yeah. When it's full around. Well, awesome. So let's go now. Let's get going. Okay. Pretty good. Pretty good. Pretty good. But I'm still freezing up over here. Right. I go. Let's get rid of this. Right. How am I on the Facebook page live on Facebook? I'm sorry.  Nothing seems to be working properly. Maybe that's the problem. We got too much stuff open. Maybe I got too much stuff open. What do you think? That's blurry. That's blurry, blurry. Why is it blurry? Does that change anything? Hmm. I'm going to try to change the camera. Give me a minute. Okay. So go over here. I'll go over here. That looks even worse. Let me see what it looks over here.  Hello everybody. Still I change. This is what I get for crappy equipment. The chat words. How do I get rid of the chat words? Um, yeah. I don't know. My gosh. What else can I do? Wasn't the camera. Wasn't the resolution. On the ethernet cable. We're on the ethernet. We're not on Wi-Fi. Nope. Still blurry. Still blurry. Now try two different cameras. I've tried. Hold on a minute. Does it look good now? It was good a couple of minutes ago and then it stopped. So I didn't do anything. My connection is like super slow. I have no idea. No idea at all. Maybe it's my internet. Yeah. I'm sorry. I don't know why it's blurry. I appreciate all the comments. I appreciate the snake going around. This has been horrible. PC Phil. Yeah. They might know. Of course. Let's try something else. Let's go back over here. Let's go down here. 720. No reason for it. No reason for it at all. Not the router. Not the house router. But I started the PC. Now it's frozen. Completely frozen. All right. Completely frozen. How's that? Any better? Nope. Not better. Not better. Something's wrong. It's this computer that I'm using. Gotta be. To Chromebook.   Same, same. What the fudge? And it's frozen. And it's frozen. Okay. But why would it be blurry? It's blurry down here. There's too much for it to handle. Nope. You can't wet them all. Okay. So. On the Beelive app, it's not frozen. On the Amazon app, it's frozen. Okay. It's way behind.  Why is that?