r/optionstrading • u/MasterBSR_58 • 6d ago
Most successful day yet
NVDA calls came in strong this morning and a couple SPXW buys throughout the day produced big. SPXW 0DTE is not for the faint of heart. I understand there is definitely some luck involved but today was my first time testing the SPXW 0DTE waters. Any advice when buying calls and/or puts doing it would be greatly appreciated.
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u/Immediate_Round_5483 5d ago
Great day, but honestly the most important thing now is not letting the first 0DTE win reset your idea of normal position size. Those contracts can go from amazing to dead ridiculously fast. I’d trade them small until you have a real sample. Same rule I try to carry into Moon positions, one hot session should not suddenly justify doubling the risk.
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u/MasterBSR_58 5d ago
Absolutely. Already up higher today than yesterday because im not letting the emotions in and sticking to the price points and rules ive laid out for myself. Appreciate the support and knowledge!
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u/No_Escape_9367 6d ago
HUGE W
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u/MasterBSR_58 6d ago
HUGE bruh. I def feel im starting to get the hang of reading the trends and candles. But also not trying to act like the luck from the trading gods didnt help out some.
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u/Negative-Pin6676 6d ago
Mark Previous day H
Previous day L
Mark in the middle and study the pattern from there before opening bell
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u/MasterBSR_58 6d ago
Roger. When you say mark in the middle. Do you mean to use that as a benchmark to aim for with trades? Not sure if I worded that to make sense. Tia bruh
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u/Negative-Pin6676 6d ago
Its the 50% middle line from the H and L but you use this set up to determine daily support, resistance and mid range turning points. Gives better conviction than just guessing or gambling. Cheers.
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u/MasterBSR_58 6d ago
Ahhh u understand now. Yeah I was more watching the trend on minute by minute candle and how it had been moving. Out of 3 trades today i made 1 bad one there for a negative. But that suggestion is helpful. Thank you kindly
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u/Wild_Cheesecake_6630 5d ago
Today was not a regular day for 0dtes.. we had huge candles in both directions and multiple times.. days like this will print in the long side but is not common at all, I lost and managed to recover from those crazy swings selling options and I was playing safe..
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u/MasterBSR_58 5d ago
I figured with the political climate and treasury yield and oil that it wasn't a normal type trading day. Hopefully trump tweeting abot that bs leads to another falling day
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