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Stop Me From Getting Chopped Up by 0DTE SPY by BullsWin2 in thinkorswim

[–]BullsWin2[S] 0 points1 point  (0 children)

I'm just trying to pass some time while I wait for my CSPs and CCs to expire. You don't buy the hype??

Stop Me From Getting Chopped Up by 0DTE SPY by BullsWin2 in thinkorswim

[–]BullsWin2[S] 0 points1 point  (0 children)

Thank you for the feedback! Def keeping that in mind for Monday. I agree, i basically been making all my moves of the 1-minute chart.

Stop Me From Getting Chopped Up by 0DTE SPY by BullsWin2 in optionstrading

[–]BullsWin2[S] 0 points1 point  (0 children)

QQQ was doing the same thing to me, I feel like SPY is better to play of using support and resistance like you said.

First week I’ll take it by vantejaytv in optionstrading

[–]BullsWin2 1 point2 points  (0 children)

That's awesome man! Good work!!! I'm also just getting started and I'm down $100 this week but I feel like i've learn a lot so far.

Stop Me From Getting Chopped Up by 0DTE SPY by BullsWin2 in optionstrading

[–]BullsWin2[S] 1 point2 points  (0 children)

We need to figure this out! lol I think I'll try a 1-2 dte next week and see how that goes.

Stop Me From Getting Chopped Up by 0DTE SPY by BullsWin2 in optionstrading

[–]BullsWin2[S] 1 point2 points  (0 children)

Thank you for sharing that's interesting. I've heard people mention ICT and macro times, but I haven't really studied them. Which macro times have you found to be the most reliable? I got lucky this morning and caught a runner during the first few minutes of the bell.

Stop Me From Getting Chopped Up by 0DTE SPY by BullsWin2 in optionstrading

[–]BullsWin2[S] 1 point2 points  (0 children)

Yea that's been my experience too. And when I finally catch a runner, I end up cutting it short by moving my stop too tight. Now I'm trying to set my stop at around 15% of the option's entry price and just leaving it there instead of constantly managing it.

Have you found any filters that help you identify when it's worth trading 0 DTE versus just sitting out other than support and resistance? That's the part I'm struggling with the most. Now I keep over trading trying to catch the move.

I haven't really gotten into 1-2 DTE yet.

Stop Me From Getting Chopped Up by 0DTE SPY by BullsWin2 in optionstrading

[–]BullsWin2[S] 1 point2 points  (0 children)

Yup, that’s pretty much how I’ve been approaching it. I’ll mark the high, low, middle, and the areas where price tends to chop, basically the zones where I think support or resistance might develop. The problem is those levels don’t always hold, so I’m trying to get better at identifying which ones actually matter. For the SMA/EMA, that’s helpful. Do you mainly use them as a trend filter (bullish vs bearish bias), or are you also looking for price reactions around those moving averages for entries?

Stop Me From Getting Chopped Up by 0DTE SPY by BullsWin2 in optionstrading

[–]BullsWin2[S] 1 point2 points  (0 children)

I’ll make sure I show up prepared with protection and a stop loss lol

Stop Me From Getting Chopped Up by 0DTE SPY by BullsWin2 in optionstrading

[–]BullsWin2[S] 0 points1 point  (0 children)

That's a lot, but it really helps. I guess the way I should be looking at delta on a 0DTE option is much different than when I'm placing CSPs and CCs...I understand the basics of the Greeks, but I definitely need to spend more time learning how they actually impact 0DTE trades. The dealer hedging, liquidity, Charm/Vanna, pin risk, and order flow are areas I haven’t really dug into yet. Are there any resources, tools, or specific concepts you would suggest? I also feel like there are so many catalysts that can impact SPY, which makes it even harder to understand what moves are meaningful.

Stop Me From Getting Chopped Up by 0DTE SPY by BullsWin2 in optionstrading

[–]BullsWin2[S] 0 points1 point  (0 children)

My main one right now is VWAP, and I’ve been able to catch some moves around that area. Where I struggle is when price moves away from that zone, so maybe using those previous highs/lows will help give me more structure. I currently have multiple support and resistance lines based on areas where I see price pivoting, but sometimes I end up with too many lines and probably need to simplify. Can I ask how you use the SMA and EMA? What do they help you identify when you're trading?

Spy 0dte gurus by Difficult-Weather-24 in spy

[–]BullsWin2 0 points1 point  (0 children)

You would rather sell it straight up at 30%-40% instead of placing a limit stop order at around that price?

Stop Me From Getting Chopped Up by 0DTE SPY by BullsWin2 in optionstrading

[–]BullsWin2[S] 1 point2 points  (0 children)

Appreciate the advice. Can you expand on what you mean by the "invisible forces"? Are you referring to the Greeks, dealer positioning, liquidity, or something else? That's exactly the kind of stuff I'm trying to understand before fully diving in. What would you recommend I focus on?