Options Trading SPY [+11% +14% +26%] 11/11/24

SPY 1-minute chart 11/11/24.

Day Metrics

{3} Wins {0} Losses

Day Rating: EFFECTIVE

Overview

We started to shift to the downside after having some solid green days.

Trades

[1] We had an excellent reaction off this zone, so I waited for the breakdown to enter.

[2] We continued to have consecutive 5-minute red candles. I waited until we touched the lower RZ to enter for a bounce.

[3] Of all the setups today, this one seemed to be setting up to be the best. We broke below a RZ, following a (-) TL, and below VWAP. I was confident this would have a decent reject. I stuck with one contract, though. I was proven wrong very quickly. I was about to close out and cut losses, but we made a clear top, so I bought one more contract to see if this strength was false. I captured a decent gain, but the play was messy.

Day Metrics

I am switching my platform and testing out 0-DTEs. I could have held longer on two of my plays to capture more gains, but I am grateful for the opportunities I captured today.

-Do more with less and try to capture more of the opportunity.

- Keep clarifying the setups I want to build conviction and confidence with.

- Keep refining my holistic system for efficiency

Options Trading SPY [+11% +14% +26%] 11/11/24

SPY 5-minute chart 11/11/24.

Order fills 11/11/24.

Comments

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Options Trading SPY [-19% +2% +33%] 11/15/24

SPY 1-minute chart 11/15/24. Day Metrics { 2 } Wins { 1 } Loss Day Rating: EFFECTIVE Overview At 8:30 AM ET, the U.S. Retail Sales for October were released. They showed a modest increase of 0.4% from the previous month, aligning with market expectations. However, core retail sales, which exclude autos, were up by only 0.1% against an expected 0.3%. SPY's price did not move in reaction to the news. However, we gapped down from the previous day and are in a downtrend. Trades [1] RZ Bounce Entry: Since we already had a significant gap down and started to push up from a pre-market low, I wanted to re-test the reaction zone and enter calls for a bounce. Exit: I anticipated too early and gave it too much time before cutting losses. The bounce area was lower than I was willing to hold. [2] (-) TL Reject Entry: SPY's price bounced decently, so I waited for the test of the (-) TL. Exit: I was rewarded with a firm rejection in my favor. I locke...

Options Trading SPY [+6%] 11/18/24

SPY 1-minute chart 11/18/24. Day Metrics { 1 } Win { 0 } Losses Day Rating: INEFFECTIVE Overview There was no significant economic news released today that could have the potential to move the market. Following yesterday's sell-off, SPY's price is bouncing off the lows. We formed some intra-day reaction zones, but the price action is a slow grind upwards. Trades [1] RZ Reject Entry: I missed the opportunity to get in on the grind upwards, so I remained highly patient for either a pullback or a reject entry. I waited and was able to get into an entry at the upper reaction zone. Exit: Price continued to want to grind up, so I managed to lock in some gains before the price continued upwards. 🎥 Trading Session Recording 🎥 on 𝕏 -or- Review/Next Steps I completely missed the entry for a RZ bounce or the (-) TL Breakout Bounce. I was too slow to adapt my thinking. I waited patiently for the lower (-) TL Breakout Bounce/ VWAP Re-test, but that never came, so I ...

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