How To Make $1,250 a Day, Trading Options! SPX 0DTE Credit Spread Strategy
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- čas přidán 23. 07. 2024
- How To Make $1,250 a Day, Trading Options! SPX 0DTE Credit Spread Strategy
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In this video, I go over the 0DTE strategy that I've been running with the discord. We've been following Mr Green's guidance while playing them and a mixture of my charts as well! The combination of both leads to some pretty solid 0DTE days!
The main benefit of the 0 DTE SPX strategy is that there is no overnight risk as the position is closed on the day of the trade.The second benefit is that by trading the SPX, you have the tax advantages of IRS Section 1256 contracts which means that 60% of profit is taxed at the long-term rate, with the remainder taxed at the short-term rate.The third benefit is that it is a high win percentage and is coupled with a stop loss to protect capital and limit downside risk.The final benefit is that you don’t need to trade high volume and can enter only one or two trades per day and scale your position as your account grows.
There is a large amount of risk that is being taken when you place a 0DTE trade! You absolutely have to stay strict to your stop loss. One slip up and you can really lose a chunk of your collateral in a play.
I highlight the moving averages that I use in this video as well. 10 Ema's, 34 Ema's etc. TTM squeeze is another indicator that I'm a big fan of using. RSI is also a nice way to see where the market looks like it'll be heading. I'm a big fan of shooting for about 8-10% a day on my 0DTE. It just makes the most sense to me. I'd rather keep my capital safe and gain a bit of interest per week! Nothing too crazy.
If you guys enjoyed this video on how I run 0DTE on SPX, I'd appreciate if you'd give it a thumbs up! Leaving a comment would also help me out as well! Thank you guys!
#SPX #0DTE #StockMarket
Thanks for all of the support! More videos coming after the holidays!! 💪🏼💪🏼 hit that like button.
Hi Longan, thinking of joining your discord. Do you still have the small account challenge?
Awesome video, that's why you da man!
Thank you, Chris!
Great vid!
Thanks!!
I personally love volatility. I’ve been swing trading 0dte SPX options (mainly puts) and making 40-60% every trade. I haven’t lost on one yet but I expect that to change, It actually scares me in a “Too good to be true” type of way. Lol I’ve just been paying attention to news and waiting for the momentum to go down, Especially after a couple green days. Then I’ll buy a put and get out with a gain as fast as I can, Usually within an hour but sometimes I’m out within minutes. If it doesn’t have momentum going either way then I just won’t trade it that day and so far it’s been working surprisingly well, Hoping I can keep it up but in the meanwhile I’m just learning as much as I can about them. Awesome video by the way. 👍
Gary again,,,what about the TICK charts from NYSE?
Hi Logan, not sure if you are able to answer my question, but are we taxed for trading options on equities / etfs? Regardless of whatever strategies we use including spreads, selling puts, iron condors etc.? Thanks mate
Thanks for your great content. Have few questions, hope you can share your thoughts :
1. For 0DTE trades do you not take spareds on both sides CE + PE?
2. How do you take SL if move is against your position on expiry?
3. As you open close trades same day, do we neee to have minimum 25k in account to avoid being qualified as PDT?
Thanks
High Logan! Gary from Canada--Okay I am a 'Canuck' lol....if I pay the $4.99 membership fee per month can I watch you Live ? I am on IB trading platform, Thanks
Hi Logan just getting back into trading and finding your videos very helpful. Just wondering how you determine the "expected move" that you mention in this video. Thank You!
On the TOS options chain! It’s in the upper left corner on every chain.
@@loganlaj Upper RIGHT corner
@@mikecleveland7453 Typo! Thanks for finding that
So if I join your discord will I learned how to trade n get some money
How do I join LoganLaj live when trading? Thanks Gary L.
Hi lLogan. Just wondering why you use such odd MA numbers (21,34,195). Thanks. Great vid!
Just what Halcyon crafted and sent to me and I'm a big fan of these time frames with accuracy.
Damn bro, you’re a maestro
Thanks man! It’s just entry discipline mainly.
@@loganlaj yea bro that’s the skill. I have problems taking profits and cutting losses quickly
I am new and with very small account. I would love to join your discord and the learn the winning combination.
The link is in the description!
Logan, Are you still doing the 0 DTE?
Yessir, just not in the current market conditions
so you let them expire? pretty dangerous letting them expire?
Thanks
Sometimes I do, other times I close them out
Nice what's your favorite time frame for a 3 to 5 day trade?
This one combined with my 90 day, 1 Hour chart as well
Must be a good hit in commissions for 45 contracts?
I have my commissions down to .40 per contract so $18 or so, nothing crazy
Post more often before i blow up this account bro 🤣
I'll continue posting!