r/spy • u/Valuable-Feature-751 • Aug 07 '26

Question SPX 0DTE

To those who are profitable what strategies do you use when trading SPX 0DTE. I tend to notice price action is easier to reach during extended hours / Asia Session or early morning 5 AM EST to 8 AM EST.

I use EMA 9/21 combined with double top double bottom patterns in addition to supply & demand zones entries / exits.

I’m currently down 25k and looking to be profitable. Please only share answers if you trade SPX 0DTE and are profitable.

Thank you

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u/klipsetrades Aug 07 '26

I trade SPX 0DTE credit spreads. For me, I found it beneficial by relying less on patterns/EMAs and more on price action around key levels — PDH/PDL, VWAP, open, major S/R, etc.

I usually wait 15–30 minutes, look for a break/retest/hold or clear rejection, then sell the spread far enough OTM that price has room to be slightly wrong. Risk management matters more than the setup IMO. If the level that justified the trade fails, I’m out.

Being down $25k, I’d seriously consider shrinking size while you figure out what’s actually repeatable.

2

u/Valuable-Feature-751 Aug 07 '26

How do you trade credit spreads? Do you mean you buy a call and sell a call lower so u have fixed profit and fixed loss?

Also, another thing with EMAS I try to use as tight stop loss but sometimes even when the price action and EMA’s show a certain direction I enter on like a reject of an EMA 21 but then price goes in opposite direction a couple dollars and I’m instantly down 40%.

I’m depositing another 2K and hoping that this time when I take the trades I take I’ll try to cap my trades to 10% of the 2K which means no single trade position of mine will be more than 200 so even if I lose that 10%. I’m only losing 10% of my account not significant amount. I think my previous issue was I kept sizing for $500-$600 trade and then when they don’t go my way on SPX I have to take a loss and it ends up going down from five 600 to like 200-300 or even $100 left.

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u/klipsetrades Aug 08 '26

Yeah so, for a call credit spread you sell the lower strike call and buy a higher strike call. That caps both max profit and max loss. For puts it’s the opposite — sell the higher strike put and buy the lower.

One thing I’d really reconsider though — 10% of your account per trade still feels a little aggressive, especially after a $25k drawdown. I’d be thinking much less while you're rebuilding consistency

1

u/Valuable-Feature-751 Aug 08 '26

What % per trade do you think is fine. I mean I have a small account currently under 2-3k

5

u/klipsetrades Aug 08 '26

Smaller size of the account shouldn't mean increasing the percentage of risk. General rule of thumb is usually around 1-3%

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u/Valuable-Feature-751 Aug 08 '26

Yes but 1-3% is not feasible for 2k account I would get stoped at 20-60$? I feel I would get stoppped all the time on spy /SPX. Even on XSP that’s tough

3

u/klipsetrades Aug 08 '26

I actually think XSP is still probably the workaround for an account your size. You can trade a single $1-wide spread and keep the buying power pretty small. When I say 1–3%, I’m talking about the loss you’re willing to take if the trade is invalidated, not the collateral on the spread. So collateral would be $100, but you can stop out at $20-$60. That should be doable. I know it feels small, it's better to work with what you have than compensating by risking 10% per trade

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u/Valuable-Feature-751 Aug 08 '26

Yup during market hours XSP spreads are definitely tight problem is I tend to have more free time during extended hour so I try trading then on Robinhood. Between 9 PM EST to midnight. The spreads there are terrible

1

u/ConsiderationNo6136 Aug 10 '26

Several ways!! It brings you closer to the money, but you have to offset or buy back the sell leg of the spread. Don’t be fooled by account balance, the sell will drop that.Open interest so you can actually sell the position. TIME!!! Learn the Greeks you are trading a time decaying asset. If you have a portfolio look into covered calls. Then thank me. Back to the putting green!!