Confirm and Send - November 11, 2025

E-mini S&Ps down 17.5 points after Monday's strong performance, while NASDAQ fell 125 points. Gold continues momentum with a 1% gain, up $28.50, while silver surged over 6-7% recently, trading near $51. Bitcoin retreated to $104,700 after nearly reaching $108,000 overnight. Oil gained 63 cents (1%) to $60.76. During Confirm and Send, Nick and Tony addressed several viewer questions including trade adjustment strategies. They generally avoid converting undefined risk trades to defined risk positions mid-trade, noting defensive adjustments are typically made from losing positions. Regarding bond pricing relationships, it's mentioned the "three tick rule" where approximately three ticks equals a 0.01 change in interest rate yield, with 25 basis points equaling one full point in the futures contract. It is also emphasized that most trades initially showing losses is normal, as market efficiency means fills typically come when positions are slightly unfavorable initially.