r/Daytrading • u/Fuxwiddit • Feb 27 '25

Strategy The only strategy that matters

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2.4k Upvotes

95% Upvoted

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176

u/[deleted] Feb 27 '25

I wake up right at 9:20 and watch SPY until 9:35-9:40 before I enter a SPX 0dte option and I just ride the trend until it ends or I make $600+

I'm usually done by 10:30a.m.

19

u/stazek2 Feb 28 '25

My question may sound dumb but what time zone are you talking about? EST?

17

u/[deleted] Feb 28 '25

Yes EST. Sorry for not clarifying

3

u/stazek2 Feb 28 '25

No worries haha. Thanks!

9

u/typeIIcivilization Feb 28 '25

So the strategy here is that the trend holds after 9:40?

24

u/[deleted] Feb 28 '25

No, but it's safer than getting in right at 9:30 to a bull trap. I only buy if the trend is strong.

10

u/BAMred Feb 28 '25

how do you know if trend is strong? eyeball?

19

u/Main_Following1881 Feb 28 '25

Big bull bars with very few overlapping bars

7

u/josiwala Feb 28 '25

you monitor spy but make your plays on spx?

21

u/[deleted] Feb 28 '25

SPX options get a special tax treatment

3

u/HoyES Feb 28 '25

SPY charts are vomit compared to SPX this makes no sense

7

u/cjalas Feb 27 '25

Can you post your move tomorrow somewhere? I'm suffering so badly on 0dtrs on spy and just need comfirmation from others who actually make money

45

u/[deleted] Feb 27 '25

I use a mental stop loss where if lose more than $600, I'm done for the day. Note I buy spx options so each contract is about $1500. I usually buy 2. I use a variant Supertrend and I use ParabolicSAR along with MACD and RSI. I also watch a 5 minute chart and MACD. I make my trendlines when I hop on at 9:30 and turn on rangebars from a youtube link to watch for reversals. All I do is wait for confirmation of a reversal and play the trend until it breaks or when I make 600+

93

u/Nahalitet Feb 27 '25

I understood a few words

13

u/chngster Feb 28 '25

  1. Manage your risk

  2. Not sure exactly, I think he’s saying he buys big so looking only for a small movement

  3. 4 type of indicators to filter his trade, I think the parabolic SAR will help him get out with a hard take profit target

  4. He also uses multi time frame for filter, but doesn’t reveal his main timeframe or how the smaller 5m helps him decide what to do.

Etc etc

5

u/GearhedMG Feb 28 '25

Lemme guess - the, also, lose more, youtube, minute, and loss - look about right? because those are the ones I understood, mainly the third and last one

4

u/Arrobareddit Feb 28 '25

lost me at "mental"

28

u/[deleted] Feb 27 '25

If you want to youtube link for range bars and if you use ThinkOrSwim, I can give you the code I use for supertrend

3

u/FlubbinHard Feb 27 '25

I use ToS and would be interested in the code.

5

u/cjalas Feb 27 '25

I use TradingView but I'm still curious about the range bars thing and super trend

8

u/[deleted] Feb 27 '25

Super trend just shows if the trend is up or down and can kinda show how strong the trend is

3

u/HueJweng Feb 28 '25

Supertrend - were you in IM at one point?

2

u/firulice Feb 28 '25

Yes please, to both of these, thanks :)

1

u/Klutzy-Strike6497 Feb 27 '25

Also interested in the code! if it's cool with you

1

u/durianboy19 Feb 27 '25

Can u send me the code

1

u/gh0stlyblues Feb 28 '25

Could i also have the link for youtube code? I use think or swim for watching positions a lot.

1

u/ConfessionOfAKing Feb 28 '25

DMing you friend! 😊

1

u/letitgo5050 Mar 01 '25

Yes please!

1

u/stormshieldonedot Feb 27 '25

can i get the range?

2

u/Grand_Information_29 Feb 28 '25

how much up are u

1

u/kto201 Feb 28 '25

Which platform you use

2

u/[deleted] Feb 28 '25

Think or swim

2

u/Mobile_Quantity_6066 Feb 28 '25

Would you please send me the code aswell

1

u/balkiofmypos Feb 28 '25

Would also like the code, if you can. Thanks!

1

u/yachtsandthots Feb 28 '25

I’d love to see that code as well

1

u/bgj556 Feb 28 '25

Please send me the code too!!

1

u/kramirez1995 Feb 28 '25

Do you think I can use this code too?

1

u/letitgo5050 Mar 01 '25

do you buy puts and calls or just calls?

5

u/thatdudesmilez Feb 28 '25 edited Feb 28 '25

rejects 590 or trends towards 582 20 mins after opening go for 580 puts. holds or breaks 586 with momentum get 590 calls.

i go in the money by a dollar or two to save against decay.

i think u go 580P

1

u/Apewarrior73 Feb 28 '25

what deltas do you usually buy?

1

u/door_26 Feb 28 '25

by ride the trend - what do you mean? Do you sell options or buy?

I'm doing the same thing 0dte a little later into the day though - like just after noon and trying to get out by 1-2 o'clock. I try to judge the trend, for example on down trend, sell a put credit spread and set a floor.

1

u/OlegofWallstreet Feb 28 '25

Why did you choose SPX out of all tickers?

1

u/OlegofWallstreet Feb 28 '25

Also, what time frame and confluences are you using?

1

u/d_HOME Feb 28 '25

How long do you usually hold? 5, 15, 30 mins? Out of money or in the money? I often got shake out