Skip to main content

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


My Daily Process for Trading SPY and TSLA Options


  • 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!


Market News

  • It looks like we have GDP Growth Rate as the high-impact news today at 5:30am PST.
    • The markets definitely have been sneakily strong these last two days.
    • Depending on the reaction, we could see a continuation or a pullback from all the strength.


  • For today, I have these levels marked: 
    • Reaction Zones: 
      • 404ish (yellow)- already at the RZ. Let's see if we can get the cross-over for the bounce or if we have a strong pullback and spike back up, maybe for an RZ reject.
        • Interesting that the RZ is lining up perfectly with the KL, so let's see what happens today!
      • 401.50ish (yellow)- wait for the panic for possible RZ bounce or the cross-over for RZ rejection. 
        • again, perfect confluence with the KL too.
    • Key Levels:
      • 404 (thick red/white lines)- wait for the KL reject or continuation pull back for a bounce. The next KL is at 406.50.
        • confluence with RZ
      • 401.50 (thick/red, white lines)- wait for the KL bounce. The next KL is around the 400 level.
        • confluence with RZ


  • For today, I have these levels marked: 
    • Reaction Zones:
      • 196ish (yellow)- wait for the cross-over for the RZ bounce. Mid-range here, so a possible RZ reject play if there is a morning spike.
      • 194ish (yellow)- another overlap for an RZ and a KL; wait for the panic to the RZ for possible bounce; otherwise, wait for the cross-over to the downside for the RZ reject.
    • Key Levels:
      • 197.50 thick red/white lines)- wait for the KL reject. The next level is 200.00.
      • 194 (thick red/white lines)- wait for the KL bounce and a key RZ area. Interested to see how this plays out today. The next KL is 192.50 (not sure if this will hold), but I like 190 as the better/more conservative next level.
      • Kind of a lot of KLs this time. I think we are in a very congested zone here. I definitely like the clarity of SPY today, so I will focus more on SPY and keep TSLA on my watch.


  • Got in at the 404 SPY KL reject.
    • I was up about $50 and was thinking about taking the gain but gave it a little time, and I am now back at the same level as I got in...the market will make me work for it and test my patience again today!!!
    • We got a further pop on SPY, where I wanted to enter...this will be my new risk to exit. For now, need to hold and see how this plays out.
    • Was down -$150 on that pop but now breakeven.
    • The setup is still in play, so I will give this time.404.20 as my stop.
    • Nice push-down sold.
    • Again, probably selling too soon, but I do not is better to lock in profits and stay in the positive trigger cycle. 
    • Yup, now failing more. LOL.
    • I was more willing to lock in profits because of the earlier entry.
      • I entered at a decent place, but the ideal entry was on that pop.
      • I got nervous about the pop-up and considered cutting losses.
    • I definitely had an emotional roller coaster on this trade, but I executed and traded well by actively assessing my situation,
    • Left like 0.20-0.30 cents per contract ($200-$300). Next time. 
      • 100% on the right track. 
      • Having increased confidence and patience could have made this trade better.
      • I want to repeat these scenarios, so I must keep doing what I do.
  • I missed the entry for the triple top. It's okay, I was busy doing other things, so I was not watching the screens.
  • Seems like patience is needed for KLs to be tested later in the day.
  • Might even get a nice RZ break to the upside on SPY. Will need another reaction at 404.25 to be sure...
  • TSLA might hit the KL reject.
    • Well, of course, the KL didn't hit, and I thought about entering but was like, "no, need to wait for the ideal entry," what does it do?
    • rejects, 0.30 cents a  contract potential profit where I considered entering but wanted to be better and not repeat my mistake this morning.
      • I guess this is the gray zones with just have to do the best you can!
  • Just watching now...might call it a day soon.
  • SPY RZ break might be setting up...
  • I do not like this slow price action again.
    • do not want to be flooded in frustration again.
  • Well, I had the opportunity to get into TSLA KL reject play but did not partake. Looking like a solid reject now.
  • Got in for the SPY Intra-day RZ break.
    • had a decent profit but then decided to hold for a bit more and quickly wiped that idea from happening.
    • I am in risk mode... possibly going to give back my gains, but I managed the trade well.
    • came back down and sold... probably need to give this time like yesterday, but once again, the market aggravated me with the crap price action, and I would instead take my small gains and start fresh tomorrow.  So I am done for today with this trade.


  • Definitely a different day regarding pre-market plans. The plays on deck have been unusual, and the price action has been divergent from the norm.
  • I was able to get in on a solid KL reject on SPY, but definitely a gray zone for entry.
    • Did manage the trade well.
  • 100% staying focused, playing the right plays/staying in the positive trigger cycle.
  • Need to keep repeating this!
    • As I do, I can slowly incorporate increasing confidence and patience.
  • Even with the news this morning, there was no market movement. Seems like all the fun was in the non-playable gap-ups!
  • Took one more trade for the SPY RZ break, which turned out to be a choppy mess. I knew the market would figure out a way to frustrate me today!
  • The strategy I use to placate my emotions is to practice emotional flow.
    • This allows me to recenter to my baseline while minimizing emotional impact and increasing readiness for the next opportunity.
      • I know I say the market, but in reality, it's me causing my frustration.
      • As a way to cope with real-time influences/emotions, I need to just write out what I am feeling to keep me in check with the baseline and not let things bottle up, etc.
      • I knew going into the trade price action was not the best, so most likely would be frustrated.
      • But in the act/play, you are an emotional creature, and when things do not go according to plan, it is easy to blame external factors...I must feel it and express it.
      • What you do after reflection will help you determine ways to improve, etc.
      • So, going into this trade, I needed to vent my emotions to remain calm, but in reflection, I must look inwards and know that I very much put myself in the situation and was the cause of my frustration.
    • Knowing this, you can choose what to do next.
        • Be aware and have a plan in place.
        • Or avoid it entirely.
        • This all serves to have a better reaction time and be better prepared to capitalize on future opportunities.
  • Looking forward to tomorrow!


Popular Posts

Weekly Review: 5/8/23 to 5/12/23

  My Weekly Review Process OVERVIEW I started the week with little to show for it on Monday . I played what I was supposed to, but my thresholds were hit, and looking back, I got in too soon and sold too soon. Other than that, I was dead on with the play. It was more of a timing/patience game. Which is hard to work on when I am still trying to gain confidence. Tuesday continued to provide adamant resistance to success. I was 100% ready for opportunities, but the follow-through on my plays left much to be deserved. Nonetheless, I played what I needed to play and left it at that. Frustration was definitely building up here.  On Wednesday , more testing of patience and timing. I still need to improve in achieving profitability, but I am on the right track with my chosen plays. The opportunities were clear, but my mindset and self hindered my success. I see it more clearly than ever. Relinquishment will help correct this, and patience and mindfulness will help stabilize it. The day ended


  Updates on Future Posts MOVING CONTENT TO X (Twitter) I will no longer be that active on my webpage but will shift to my X account.  I have learned and grown from my experience writing blog posts/ recording in my online day trading journal. At this time, I feel a stronger pull to change the medium by which I document and share my progress. Change and growth is an ongoing process.  I look forward to the future. Sincerely, Helixtrader36  Follow @helixtrader36 Tweets by helixtrader36

Day Trader Behavior Cycles: The Foundations of Change

  Reward and Punishment Cycles THE QUESTION What Behaviors Do I Repeat? As I stepped into the realm of trading full-time, I quickly realized how psychology and specific behaviors can positively or negatively affect trader performance. Beginning trading full-time in one of the most hyper-inflated markets and one of the best bull markets in history, I witnessed very volatile and drastic moves. Having been learning about the market on and off for a couple years before full-time immersion, I was approaching the market cautiously. But due to the highly bullish nature of the market, it seemed my cautious approach was nothing more than a hindrance. As I started participating in the market, I slowly fell into a false sense of security. I knew this wouldn't last forever, but the opportunity was too great to not push and be a part of the crowd. People made lots of money regardless of what or when they bought. Those who held and hoped were rewarded handsomely. As the days, weeks, and months w