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Throw in a $1,000, catch a $1,000 profit, 100%, in the $SPY #OPTIONS #DAYTRADE — 10/05/2023)
THE SIMPLE STRATEGY
They say buying options is a “fool’s game” and day trading options is impossible. So let’s say right off — they are wrong about that.
TRADES are based on this simple day-trading strategy to be on the long side of the calls and puts for day trades; and referenced in this story — I told a guy how to make 100% day trading options and I doubt he believes me.
The open signal is clear and truly simple.
If the call options are above their open, buy those; if the put options are above their open, but those.
That’s it, but use a stop-loss to control risk.
10/05/2023 — UPDATED AT THE END OF THE DAY…
Whataya know?
Tweeted, I mean X’ed, or whatever the hell it’s called these days when the $SPY hit 100% (see the entry and chart below).
Maybe tweets, or Xs, should be renamed Elons. It would be easier to say “I Eloned that or I Eloned this” and definitely easier than saying “I’ll X it,” and I would suspect Elon’s massive ego would love mandating that moniker for everything said on Twitter, or X, or whatever it is we’re all stuck with.