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Showing posts from March, 2023

Option Day Trading SPY and TSLA: 3/31/2023

  My Daily Process for Trading SPY and TSLA Options DAY GOALS & RULES Focus on  Intraday System Pattern A-C .  Pattern A:  reaction zone crossovers for an RZ reject or bounce. Or a spike into RZ for an RZ reject/Panic into RZ for an RZ bounce. Pattern B:  key levels for a KL reject or KL bounce. Pattern C :  RZ breaks (only on clear long-time duration formations) Do not trade anything else. Keep position size small.  DO NOT AVERAGE DOWN ON ENTRIES! Plan for the  clear setups ONLY ! Patience is the key to solid entries and to maintaining low-stress levels. Fewer trades with  more confidence. Focus on  SPY and TSLA options ONLY! Time to  simplify  the process and improve/reach the next level. Actively   challenge my regression pattern to  ONLY trade my plan . Do not give in to negative triggers. Do not give losers more time! FOCUS ON POSITIVE TRIGGERS FOCUS ON ADAPTING TO PRICE ACTION PRE-MARKET PLANS Market News It looks like we have Core PCE Price Index data and Michigan Consumer S

Option Day Trading SPY and TSLA: 3/30/23

  My Daily Process for Trading SPY and TSLA Options DAY GOALS & RULES Focus on  Intraday System Pattern A-C .  Pattern A:  reaction zone crossovers for an RZ reject or bounce. Or a spike into RZ for an RZ reject/Panic into RZ for an RZ bounce. Pattern B:  key levels for a KL reject or KL bounce. Pattern C :  RZ breaks (only on clear long-time duration formations) Do not trade anything else. Keep position size small.  DO NOT AVERAGE DOWN ON ENTRIES! Plan for the  clear setups ONLY ! Patience is the key to solid entries and to maintaining low-stress levels. Fewer trades with  more confidence. Focus on  SPY and TSLA options ONLY! Time to  simplify  the process and improve/reach the next level. Actively   challenge my regression pattern to  ONLY trade my plan . Do not give in to negative triggers. Do not give losers more time! FOCUS ON POSITIVE TRIGGERS . PRE-MARKET PLANS Market News It looks like we have GDP Growth Rate as the high-impact news today at 5:30am PST. The markets definite

Option Day Trading SPY and TSLA: 3/29/23

  My Daily Process for Trading SPY and TSLA Options DAY GOALS Focus on Intraday System Pattern A-C .  Pattern A: reaction zone crossovers for an RZ reject or bounce. Or a spike into RZ for an RZ reject/Panic into RZ for an RZ bounce. Pattern B: key levels for a KL reject or KL bounce. Pattern C : RZ breaks (only on clear long-time duration formations) Do not trade anything else. Keep position size small.  DO NOT AVERAGE DOWN ON ENTRIES! Plan for the  clear setups ONLY ! Patience is the key to solid entries and to maintaining low-stress levels. Fewer trades with  more confidence. Focus on  SPY and TSLA options ONLY! Time to  simplify  the process and improve/reach the next level. Actively   challenge my regression pattern to  ONLY trade my plan . Do not give in to negative triggers. Do not give losers more time! FOCUS ON POSITIVE TRIGGERS . PRE-MARKET PLANS Market News It looks like we do not have any high-impact news today. Maybe the market will finally pick a direction today. SPY F

Option Day Trading SPY and TSLA: 3/28/23

  My Daily Process for Trading SPY and TSLA Options DAY GOALS Focus on Intraday System Pattern A-C.  Pattern A: reaction zone crossovers for an RZ reject or bounce. Or a spike into RZ for an RZ reject/Panic into RZ for an RZ bounce. Pattern B: key levels for a KL reject or KL bounce. Pattern C: RZ breaks (only on clear long-time duration formations) Do not trade anything else. Keep position size small.  DO NOT AVERAGE DOWN ON ENTRIES! Plan for the  clear setups ONLY ! Patience is the key to solid entries and to maintaining low-stress levels. Fewer trades with  more confidence. Focus on  SPY and TSLA options ONLY! Time to  simplify  the process and improve/reach the next level. Actively   challenge my regression pattern to  ONLY trade my plan . Do not give in to negative triggers. Do not give losers more time! FOCUS ON POSITIVE TRIGGERS . PRE-MARKET PLANS Market News It looks like we have CB Consumer Confidence as the high-impact news today at 7:00am PST. Missed trading on Monday, but e

Weekly Review: 3/20/23 to 3/24/23

  My Weekly Review Process OVERVIEW The past week was very profitable. The goal was not to aim for profitability but to adhere to my daily goals and focus on positive triggers. Maintaining the rules/goals I have put into place and adding the new behavioral cycle aspect to my trading has shifted my performance charts in the right direction. The process was difficult, but I balanced everything while focusing on trade after trade to see the positive triggers. Then, reviewing the week's profits, I was surprised to earn above $600. I knew I was green on the week but only looked at my weekly earnings on Friday. My focus wasn't on making money, but by focusing on psychology, everything else fell into place. As the week progressed, I encountered another aspect of my trading that needed more refinement. This started to surface on Tuesday  when I let past trades influence my decisions for future trading decisions. I was still operating very much in Cycle B , but the constant feeling like

Option Day Trading SPY and TSLA: 3/24/23

  My Daily Process for Trading SPY and TSLA Options DAY GOALS Focus on Intraday System Pattern A-C.  Pattern A: reaction zone crossovers for an RZ reject or RZ bounce Pattern B: key levels for a KL reject or KL bounce. Pattern C: RZ breaks (only on clear long-time duration formations) Do not trade anything else. Keep position size small.  DO NOT AVERAGE DOWN ON ENTRIES! Plan for the  clear setups ONLY ! Patience is the key to solid entries and to maintaining low-stress levels. Fewer trades with  more confidence. Focus on  SPY and TSLA options ONLY! Time to  simplify  the process and improve/reach the next level. Actively   challenge my regression pattern to  ONLY trade my plan . Do not give in to negative triggers. Do not give losers more time! FOCUS ON POSITIVE TRIGGERS . PRE-MARKET PLANS Market News It looks like we have Durable Goods MoM as the high-impact news today at 5:30am PST. The markets are still trying to pick a direction.  It seems more extended time frame strategies are id

Option Day Trading SPY and TSLA: 3/23/23

My Daily Process for Trading SPY and TSLA Options DAY GOALS Focus on Intraday System Pattern A-C.  Pattern A: reaction zone crossovers for an RZ reject or RZ bounce Pattern B: key levels for a KL reject or KL bounce. Pattern C: RZ breaks (only on clear long-time duration formations) Do not trade anything else. Keep position size small.  DO NOT AVERAGE DOWN ON ENTRIES! Plan for the  clear setups ONLY ! Patience is the key to solid entries and to maintaining low-stress levels. Fewer trades with  more confidence. Focus on  SPY and TSLA options ONLY! Time to  simplify  the process and improve/reach the next level. Actively   challenge my regression pattern to  ONLY trade my plan . Do not give in to negative triggers. Do not give losers more time! FOCUS ON POSITIVE TRIGGERS . PRE-MARKET PLANS Market News It looks like we have no other high-impact news today. Following the Fed's decision, we shall see which direction the market wants to go now.  SPY For today, I have these levels marked:

Option Day Trading SPY and TSLA: 3/22/23

My Daily Process for Trading SPY and TSLA Options DAY GOALS Focus on Intraday System Pattern A-C.  Pattern A: reaction zone crossovers for an RZ reject or RZ bounce Pattern B: key levels for a KL reject or KL bounce. Pattern C: RZ breaks (only on clear long-time duration formations) Do not trade anything else. Keep position size small.  DO NOT AVERAGE DOWN ON ENTRIES! Plan for the  clear setups ONLY ! Patience is the key to solid entries and to maintaining low-stress levels. Fewer trades with  more confidence. Focus on  SPY and TSLA options ONLY! Time to  simplify  the process and improve/reach the next level. Actively   challenge my regression pattern to  ONLY trade my plan . Do not give in to negative triggers. Do not give losers more time! FOCUS ON POSITIVE TRIGGERS . PRE-MARKET PLANS Market News It looks like we finally have the high-impact news we have been waiting for today. The Fed's economic projections and Fed's interest rate decision will be released at 11:00am PST, a