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Showing posts with the label SPY Options

The Spirit of Fear in Day Trading Options: Overcoming Timidity with Faith and Discipline

For God did not give us a spirit of timidity or cowardice or fear, but [He has given us a spirit] of power and of love and of sound judgment and personal discipline [abilities that result in a calm, well-balanced mind and self-control]. -2 Timothy 1:7 (AMP) Coming back from a relaxing, long Memorial Day weekend, I was fired up and ready to hit the markets again.  Futures had set a positive tone overnight, and at the open, both SPY and QQQ gapped up strongly above their 200-period moving averages on the 2-minute charts.  Momentum felt bullish, with new all-time highs in play. It was one of those mornings when the charts looked clean, and the setups looked good. 5/26/26 Charts I had my key levels marked well in advance: SPY at 749 QQQ at 721 AAPL at 311 NVDA both 217.50 and 215 These levels weren’t random—they came from prior price action on the hourly and 2-minute timeframes, as well as the active reaction zones I track daily. Shifting My Trading Mindset Lately, I’v...

New SPY Options Trend-Following Strategy

Welcome, traders! The market’s recent dance, sparked by shifts in the trade war, has prompted me to refine my approach to SPY options.  My new Trend-Following Strategy targets one high-probability trade daily, leveraging 2-minute candlestick color changes, exponential moving averages (EMAs), and the 15-minute range. Tested with one contract, I’ll document results here, turning each session into a lesson in growth.  As a day trader, I’ve learned that systems aren’t just tools—they’re reflections of mindset.  This post unveils the strategy, recaps today’s trade, and explores how patience and adaptation shape success.  Whether you’re scalping SPY or building your edge, join me on this journey of evolution. Strategy Overview: A Blueprint for Precision This strategy focuses on 1 DTE (one-day-to-expiration) SPY options, designed for agility in 2025’s volatile market.  It balances risk and reward with a 30-cent stop-loss per contract, utilizing the 15-minute range and ...