Make $140/Day Trading 0DTE $SPX Credit Spreads - How to Grow a Small Account While Working Full Time
Vložit
- čas přidán 23. 07. 2024
- Follow my PUBLIC M1 Portfolio: m1finance.8bxp97.net/Gjkgkk
► Get 2 Free Stocks on Webull (valued up to $2300 when you deposit $5): act.webull.com/ni/lif8z81oCOp...
► Open up your new Public account & follow what I'm trading!
public.com/user-referral?refe...
I've been day trading SPY credit spreads while working a full time job for a little bit of time now, and I wanted to show something really important this time.
Even though I made $240 trading SPY 0DTE over just 2 days... I traded pretty well these 2 days, even though the profit isn't as much as other weeks!
This is a continuation of our day trading with credit spread options tutorial. Stay tuned and if you like the content and want me to continue showing I day trade while working, please consider subscribing.
Also follow us on IG: @creditspreadinvesting
New Website is Up!: www.creditspreadinvesting.com
00:00 - The Results & Trade Details
01:55 - Overall Market Structure
05:05 - Tuesday's Trade Deep Dive
08:58 - Wednesday's Trade Deep Dive
Disclaimer: Everything expressed in this video is my personal experience provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence and research.
Excellent video! Keep up the good work!
Can you please make videos on how you use your trading to fund your long term investing, what trades are you doing , how to do fundamental analysis and how to manage risk please
Great job!
Nice. Would you share the win rate and annual return %?
Hello. If I mount a high lock with PUT (SPX 0DTE options). Buy 1 contract at 4000 and Sell 1 contract at 4040. The SPX closes at 4020 and the lock goes into exercise. Question: Is it the Broker who closes the transaction in 4020? Because in this example I will have 01 contract purchased at 4040. Congratulations on the video.
Is there a difference between trading the SPY CS vs SPX CS ?
Thanks for your videos. They are really useful and clear. Could you please provide all the indicators that you use? Thanks again.
Hey! thanks for tuning in. I actually don't use that many indicators anymore. I trade mainly off of price action and volume. But these are the ones you usually see on my screen
1.) Moving averages (helps with trend analysis)
2.) Volume (to see if there are areas of large buying or selling)
3.) ATR - to set my stop losses and get a gauge of historical volatility.
4.) RSI (rarely used now, but it helps at times to see if the market is cooling down or heating up)
Nice video. 👍 Quick question, with 0-DTE vertical credit spreads on SPX, is there any risk of brokerages closing these out early, before market close?
they are cash settled options so there is nothing to exercise early. so if you bought at credit of 3.5 and it finished 1.0 pt in the money you'd get to keep 2.5 of the 3.50 credit.
Thanks !! You covered everything except what deltas out of the money you sold to get those credits????????
I think he trades it like price action of a stock, so delta doesn't matter, only using support and resistance.
Indeed I think the credit is not correct by selling put otm
Are these stop loss a psicological levels ?
HI,
are you profitable every month?
Oh definitely not. I would be lying to you if I said I was. you win some, you lose some. The goal is to try to win more than you lose and when you lose, it’s not a giant loss. Some months are superb and I’m on a roll. Reading the charts and trading super well. Other times I go into a slump and lose trade after trade. I post those losing trades on my channel as part of my goal to show transparency.
How do you place a stop loss on credit spreads?
Did you figured it out? I want to learn.
He's lying is how
You're trading options but have a stop on the price of the index? So you're completely ignoring extrinsic value. You'll have more losses than gains guaranteed.
Not sure how on earth you did this unless different platforms treat these differently. SPX is not cash settled on many platforms and the margin required is enormous given that they are not cash settled. What were the margin requirements? And are they cash secured on your platform??
SPX is cash settled regardless of platform
SPX is cash settled
So, how exactly do you do this while working full-time? If it's in your title, you should discuss it in the video right? Most people work weekdays while the market is open, so how do you day-trade with a full-time job?
use a platform to set take profit & stop loss. I drive a tank wagon and can constantly monitor trades thruout the day.
Loosing time
Just be careful, you can be wiped out with just one bad day.
How? Sure, without a stop loss, but how else?
With a credit spread your max loss is the spread less credit received. Ie $5 wide less 1.50 credit is a 3.50 x100 loss
@@fiftyghoststrading8500 He's risking ~$400 to gain a max of $100 (and closing early). Looks like 0.30 delta, so his theoretical probability is that he'll win only 1:3 but is doing a 1:4 trade, so he's guaranteed to lose.
Waste of time
Sorry, spoken too fast and just stated this, that and the next. Take the time to go back over what you are trying to explain, don't just say things. Had to move on at 4 minutes in unfortunately.