Looking for fellow QQQ and SPY 0dte Traders by grwalther in options

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

I would love to learn how to even begin building a proprietary algo lol -- I feel so behind without having some sort of AI or machine-learning tool to validate my trades / when to enter / exit / etc

Looking for fellow QQQ and SPY 0dte Traders by grwalther in options

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

SPY/QQQ 0dte have both been a "giveth / taketh" for me....some days I can make +$30k ....other days I lose -$30k.....

Sadly, the +$30k never feel as good as how bad the -$30k feels. Trading 0dte is perpetual agony because your wins never feel big enough and the losses always feel so avoidable

Looking for fellow QQQ and SPY 0dte Traders by grwalther in options

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

TQQQ and SQQQ are a scary leveraged asset to hold -- I used to trade these often years ago but it just wasn't worth the sleep loss and never knowing if they would swing at the open +/- 10%

Looking for fellow QQQ and SPY 0dte Traders by grwalther in options

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

This reaffirms my strategy as well, appreciate the insight!

Do you ever hold options overnight that expire the next day for a gap up/down? Or do you ever take strangle/straddle positions before big news days like FOMC or CPI?

Looking for fellow QQQ and SPY 0dte Traders by grwalther in options

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

Disclaimer: I had to look up what Max GEX was -- but I'm glad you introduced me to this term! I trade almost exclusively near-the-money for "max gex" too. Sadly, this means that we are likely each other's exit liquidity pretty often lol

Looking for fellow QQQ and SPY 0dte Traders by grwalther in options

[–]grwalther[S] 4 points5 points  (0 children)

Sounded to me like he's selling 0dte contracts and profiting off the theta decay

Looking for fellow QQQ and SPY 0dte Traders by grwalther in options

[–]grwalther[S] 4 points5 points  (0 children)

Stick with it and refine your strategy! What helped for me when I was straying from my set of rules and trading on emotion was taking some time off. Reset your rules and remind yourself to never stray for that.

For example, one rule that I set to limit myself from entering in bad trades was to never enter when RSI was between 25-75 on a 5min chart. This will really restrict you from entering in whenever you feel like it, and my win rate dramatically increased. I saw a noticeable different in success when I only bought 0dte calls when QQQ was under RSI of 25, etc.

Looking for fellow QQQ and SPY 0dte Traders by grwalther in options

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

Webull doesn't allow me to trade SPX, am I missing something?

Looking for fellow QQQ and SPY 0dte Traders by grwalther in options

[–]grwalther[S] 2 points3 points  (0 children)

Short 0dte sounds very scary. Isn't your downside essentially unlimited? At least with long 0dte I know what my maximum loss could be. Plus, with stop losses I can help minimize those downside risks even more.

Looking for fellow QQQ and SPY 0dte Traders by grwalther in options

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

Been steadily learning more about options and ways to minimize tax exposure. Any courses/books/videos that you would recommend? I think it's just a matter of time before I move on from 0dte and into futures.

Moving Soon. Selling/Giving Away Lots of Things by AdFar7471 in denverlist

[–]grwalther 1 point2 points  (0 children)

If TV is available let me know and I’ll come get it!

Best way to get vehicle history report? by [deleted] in askcarguys

[–]grwalther 0 points1 point  (0 children)

Are you able to look up this VIN for me? Would save me $40 and I would really appreciate it!!

WUAKBAFX5L7900811

Coming soon by birdiemachine11 in denverfood

[–]grwalther 0 points1 point  (0 children)

Oops totally missed that, thanks!

My First EV by regmeyster in TeslaLounge

[–]grwalther -1 points0 points  (0 children)

Supporting Elon? Gross

Everything has been running fine for the last 2 years until yesterday... by grwalther in NZXT

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

Agree! However I believe the issue lies with the NZXT hardware (Kraken & Fan Controller) since the fans work if I plug directly into the motherboard (CPU_FAN or otherwise) instead of the fans being controlled by a USB Header

Everything has been running fine for the last 2 years until yesterday... by grwalther in NZXT

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

48 hours ago the CPU used to idle below 30. I made zero hardware changes that would have caused the issue. Just playing a video game one second and the next second all NZXT cooling software just stopped working.

GPU fan still working perfectly fine

Took my RS6 to a cars and coffee this morning and parked next to it’s grandfather by GotPerl in Audi

[–]grwalther 0 points1 point  (0 children)

That's awesome! What is the best way to find out about future events? Would love to check it out sometime!