LIVE Day Trade SPX 0DTE. $4500 day on SPX 0DTE!

hey everyone this is nathan from algospx based on the feedback from the last video as well as our discord channel we want to show you a live trade on how we execute manage and profit on our positions so here's a live trade from today friday the 6th of november without much to do let's get into the live trade right away so we like to wait about an hour after the market opens to start our trade to let the volatility settle down so it is around 7 40 a.m pacific time we're about one hour into the market open looking at the markets we are actually quite stable even considering the electoral volatility today so even though the market is calm right now i expect a little bit of volatility as the day progresses and i'm going to look at the trade for the day so here we have the iron condor going to the 7th delta so we're looking at a 40 point wide spread today which is the 3445 3405 put credit spread and we see there is the net credit of one dollar but we get filled at 95 cents so similarly we would enter the same delta on the call side and here i am looking at the strikes being the 35 50 35 90 call credit strikes which gives us around 60 cents of credit premium so looking at the day we're fairly well positioned and i'm going to go ahead and add stop losses in here because as we know stop losses are at the center of our system and protect our profitability we always trade with the hedge and we always trade with stop losses and we actually don't care if the stop losses are hit because we can recover those losses well within the same day and be net profitable by the end of the trading day so i'm just going to go ahead and add the stop losses we have a rule that we follow here the stop losses are going to be two and a half times the credit that we received for the original short leg so looking at the short leg on the put side the 34 45 put had a credit of one dollar twenty cents so the stop loss is going to be around three dollars which is two and a half times our credit the stop is at three dollars and the stop limit is going to be at three as well i am going to send the stop limit order so that we don't have to monitor the market this is why many of our discord members are able to work full time and follow along closely even if they're unable to monitor the market live similarly we do the same for the call side as well the short call side for which we got a credit of 70 cents adds stop loss in the leg to be three times the original credit as this looks to be a update today the stop loss would be at 210 and the stop limit would be at two dollars even now that the stop losses for the call side and the put side are intact we're finally looking good we're already up 250 for the day and we'll check back in an hour if needed for any adjustments so it's about 9 15 a.m pacific time our position looks great looking at our risk profile we're well centered with a net delta of negative 26 which is great we can never be zero delta when the market swings i am removing the stop orders we had originally as they're not needed anymore so that puts us up about 1900 on the day this far we are now going to roll down our put side to get a little more premium while keeping the same delta rolling up the puts to the 3460 3420 and closing out the original short positions we get filled at a net credit of 25 cents for this roll down similarly rolling up the call side to 35 45 35 85 we get filled at a net credit of 10 cents for the roll-up the put premiums tend to be a little more expensive because sell-offs tend to be violent whereas on calls the rallies tend to be a little more gradual as before i'm going to add the stop limit orders on the short call and short put positions we are up around 1900 on the day so far and looking good the market looks stable and our wrist looks well positioned so we still leave the long call legs intact to save on a bit of commission and also these are lottery tickets if the market does rally long calls could be immensely profitable again the edge in our system is the consistency and adjustments we make all our trades are sent out on the discord channel instantaneously for our members to follow along so now we're getting to the close of the trading day a few more rolls and stop losses were added and alerted we are at 12 59 pm the last minute of the trading day good day of trading today and there is very little extrinsic value left in our short legs so we are far away from the market with at least 10 points away on both legs and i am planning on these options expiring worthless so there we go up about 45 50 on the day and the market just closed at 35.09 53. so just to conclude a few alerts and control training today have yielded significant profits again we emphasize consistency and reliable trading here at algospx we've mastered a system that benefits from time decay and gains according to the mathematical law of probabilities the systems that we trade also have the highest expectancy alright everyone don't forget to check out the discord channel where we are still running a free trial for the next week great day and happy profits everyone

Channel: AlgoSPX

Views: 7,232

Rating: 4.8933334 out of 5

Keywords: SPX, 0DTE, #forex, #options, daytrading

Id: 1w71Nu3ubUg

Length: 6min 4sec (364 seconds)

Published: Mon Nov 09 2020