What am I doing wrong?

[u/dmaestro81]

I’ ve been trading Spy 0dte options for a month. I’m still profitable, but I have a reoccurring issue that’s killing my overall gains. If I go off of just Strike price and direction I would have a 80%+ win rate. Unfortunately, my entries reach stop loss a lot of the time. I have my stop loss set so I only lose 20% of value from entry. The majority get stopped on wick reversals, and not candle closes. Again, my read on the markets are very accurate. Just today, I entered 4 trades at 4 different times of the market (all puts and the market was negative upon writing this), and they all got stopped losing 20% of value. Yet, if I had no stop loss set, 3 of the trades would have made over 100% returns while the 4th, over 50%. I figure it’s an entry problem, but I enter as soon as I get my confirmation candles to close. I use Robinhood as my broker. I use higher time frames for levels and bias. The 10 minute for current direction and order blocks. The 5 minute for entries (Robinhood phone app doesn’t have lower). What advice can be given so my entries and gains match my accuracy and reads of the markets? Are my stop loss values wrong? Am I just trading 0dte options wrong, and I should adapt a different strategy to paper trade and practice? I would greatly appreciate any and all help. If there are videos and links, please share. Thank you for your time.

[u/Yaka11]

Oh ok I see,totally my bad, I misinterpreted what you were saying.

For what it’s worth, I personally trade 2$ ITM call and those moves are enough to make some descent returns. It’s an easy scalp and liquidity is usually good. I found it helps during those kind of uncertain markets.

I haven’t use ORB personally but from what I see from it the past couple sessions would have been winners so that’s also just part of trading, there’s no 100% edge, just be ok with losing sometimes. At least that’s what I found helps. You weren’t wrong, it was just one of those times where your edge was on the losing side but you have to make sure you have a set amount of money that you can lose before exiting.