Couple quick SPX scalps again.
IRA
5/10 SPX 4070C
Buy 1 @ 1.70
Sell 1 @ 2
Balance: $346.58 (+6.35%) - 5/5
Cash
5/10 SPX 3970P
Buy 1 @ 14.50
Sell 1 @ 16.50
Balance: $1,915.61 (+11.86%) - 6/6
Today was a great day for me. I reached the 1x milestone on both accounts after 8 trading days. I stuck with SPX again today. I’m leaving a lot of money on the table with my trades, which is very very hard to do, but I’m trying to change my mindset and focus on compounding gains.
IRA
5/11 SPX 3925P
Buy 1 @ 3.30
Sell 1 @ 5
Balance: $515.32 (+48.69%) - 6/6 - 1x
Cash
5/11 SPX 3990P
Buy 1 @ 16.80
Sell 1 @ 18.80
Balance: $2,114.35 (+10.37%) - 7/7 - 1x
Busy day, so I only made a quick trade on my IRA account.
IRA
5/13 SPY 387P
Buy 2 @ 2.30
Sell 2 @ 2.50
Balance: $555.10 (+7.72%) - 7/7
Today was fun. Timed a SPY put wrong but made up for it with a GOOGL call, ending the day green.
Cash
5/13 SPY 396P
Buy 5 @ .99
Sell 5 @ .28
5/13 GOOGL 2350C
Buy 2 @ 8.10
Sell 2 @ 11.10
Balance: $2,360.60 (+11.65%) - 8/8
Some quick SPY/SPX scalps right at the 1400 cutoff for FDs.
IRA
5/16 SPY 401P
Buy 1 @ .88
Sell 1 @ 1
Balance: $551.72 (+1.30%) - 8/8
Cash
5/16 SPX 4030C
Buy 2 @ 11.10
Sell 2 @ 12.50
Balance: $2,638.04 (+11.75%) - 9/9
Today I hit another milestone. 2x cash account & 3x IRA account in 10 trading days. While it sucks to see how much money I’m leaving on the table, I’m proud of myself for sticking with small, compounding gains.
IRA
5/18 SPX 3995P
Buy 1 @ 6
Sell 1 @ 12
Balance: $1,204.20 (+98.89%) - 9/9 - 3x
Cash
5/18 SPX 3985P
Buy 3 @ 7.50
Sell 3 @ 8.50
5/18 SPY 394P
Buy 7 @ .55
Sell 7 @ .65
Balance: $3,024.83 (+13.74%) - 10/10 - 2x
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Man that’s awesome work. Great job keep the posts going
Went both ways today and hit 4x on my IRA. I also want to mention if it’s not been obvious that I’m strictly playing 0DTE options. The date I post is the expiration.
IRA
5/19 SPX 3950C
Buy 1 @ 9.50
Sell 1 @ 11.50
Balance: $1,402.94 (+16.50%) - 10/10 - 4x
Cash
5/19 SPX 3890P
Buy 3 @ 9.30
Sell 3 @ 12
Balance: $3,831.07 (+26.65%) - 11/11
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TSLA gave me easy put scalps today. Hit 6x on IRA and 3x on Cash account.
IRA
5/20 TSLA 680P
Buy 3 @ 4.50
Sell 3 @ 6
Balance: $1,852.58 (+32.05%) - 11/11 - 6x
Cash
5/20 TSLA 665P
Buy 8 @ 4.25
Sell 8 @ 5.30
Balance: $4,670.15 (+21.90%) - 12/12 - 3x
SPX calls was the name of the game today. Tried a lotto call will profits that I cut for a loss on the reversal.
IRA
5/23 SPX 3985C
Buy 2 @ 7.40
Sell 2 @ 9.40
Balance: $2,250.06 (+21.46%) - 12/12 - 8x
Cash
5/23 SPX 3985C
Buy 6 @ 7.40
Sell 6 @ 9.40
5/23 SPX 4010C
Buy 1 @ 2.20
Sell 1 @ 1.05
Balance: $5,746.35 (+23.04%) - 13/13 - 4x
Easy money today with SPX puts. Done for the day.
IRA
5/24 SPX 3870P
Buy 3 @ 7.10
Sell 3 @ 9.20
Balance: $2,876.28 (+27.83%) - 13/13 - 10x
Cash
5/24 SPX 3885P
Buy 6 @ 9
Sell 6 @ 11.10
5/24 SPX 3835P
Buy 1 @ 2.80
Sell 1 @ 3
Balance: $7,017.55 (+22.12%) - 14/14 - 6x
Today was interesting and challenging to say the least. It was my first difficult day trading two accounts. I also ended my green streak on my cash account, barely, but it could of been a lot worse, so I’m thankful. I dabbled in the FOMC madness with calls. Interesting thing, I had the same strike, price entry, and sell order limit on both accounts. Only one of them filled. While I’m bummed about my green streak ending on one account, I’m happy with continued gains on the other. On to the details…
IRA
5/25 SPX 3945P
Buy 2 @ 11.60
Sell 2 @ 14
5/25 SPX 4030C
Buy 10 @ .50
Sell 10 @ 1
Balance: $3,842.06 (+33.58%) - 14/14 - 14x
Cash
5/25 SPX 3995C
Buy 8 @ 8.10
Sell 8 @ 8
5/25 SPX 4030C
Buy 10 @ .50
Sell 5 @ 1
Sell 5 @ .15
5/25 SPY 401C
Buy 1 @ .18
Sell 1 @ .06
Balance: 6,979.12 (-.55%) - 14/15
SPX puts and calls were profitable today.
IRA
5/26 SPX 4060C
Buy 4 @ 9.20
Sell 4 @ 10.20
Balance: $4,237.03 (+10.28%) - 15/15 - 16x
Cash
5/26 SPX 4035P
Buy 8 @ 8.50
Sell 8 @ 9.50
Balance: $7,769.07 (+11.32%) -15/16
Scalped SPX calls this morning before 10am.
IRA
5/27 SPX 4130C
Buy 5 @ 8.20
Sell 5 @ 10.30
Balance: $5,296.61 (+24.54%) - 16/16 - 20x
Cash
5/27 SPX 4125C
Buy 9 @ 8
Sell 9 @ 10.10
Balance: $9,671.48 (+24.11%) - 16/17 - 8x
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Only traded on my IRA account today. I transferred out my monthly profits on my cash account.
IRA
5/31 SPX 4080P
Buy 5 @ 10
Sell 5 @ 12.5
Balance: $6,540.31 (+23.48%)
May total: $245.64 → $6,540.31 (+2,562.56%)
Cash
May total: $1,000 → $9,671.48 (+867.15%)
June 1 balance: $1,150
2 Likes
SPX puts again today. Quick in and out.
IRA
6/1 SPX 4115P
Buy 7 @ 9.30
Sell 7 @ 11.70
Balance: $8,211.49 (+25.55%)
Cash
6/1 SPX 4110P
Buy 1 @ 9.30
Sell 1 @ 10.50
Balance: $1,277.66 (+10.25%)
Today was SPX calls. I also initiated a transfer out of my IRA account into my TSP account, so I’ll be starting with a much lower balance tomorrow. I’m hoping by starting over with small balances, it gives some people proof that compounding gains add up over time. You don’t need a huge account to make a lot of money, it just takes patience and timing.
I strictly trade with 0 DTE options and I attempt to full port each trade so I hit my daily goal with minimal time in market as I only like to make one trade a day per account. I also understand this style of trading doesn’t allow for averaging down and I’m fine with that. I’m of the mindset that barring some unexpected piece of news, if you have to average down then you made a bad entry.
Right or wrong, this style works for me after trial and error. You’re welcome to follow along or completely ignore me.
Cash
6/2 SPX 4140C
Buy 2 @ 6.60
Sell 2 @ 7.70
Balance: $1543.88 (+16.40)
IRA
Transfer out - $7k Balance: $1000
2 Likes
Can you expand a little more on how you pick your entries?
- What do you mean by using volume and option order bids?
- Are these mostly super quick scalps, like you hold for not more than 5 minutes or something?
- Do you try to wait at least 15 minutes after market open before making an entry, or similar?
Thanks!
My scalps are under 5 minutes a majority of the time. Yesterday and today they were under a minute. I don’t have a set time I wait to trade, but it has never been right at open. I think 9:50 is the earliest I’ve entered.
I trade strictly from my phone so it’s a lot of bouncing between charts. I watch the volume on the candles, bollinger bands, VIX, the bids on the option I’m looking at, SPY chart, support/resistance points, and the heavy hitters that make up SPY. I also only use the 1 min charts.
When my bid goes through, I immediately set a sell order for my desired profit of 10-20%. The downside is I leave a ton of money on the table, but I would rather have consistent gains versus the risk of holding and encountering a reversal.
3 Likes
Do you have stop losses set or would you only close a losing position when your indicators suggest that direction is changing? Or both?
Congrats on the promotion btw!
1 Like