u/DreamfulTrader

4th trade of week 3. Green. Got in a put at 10.05 ET with 3 contracts. No fancy options strategy like iron condor, selling etc. Using simple EMAs, VWAP etc to see the trends and levels.

I missed the EMAs cross overs and my other levels. On chart, red is EMA 200 and purple VWAP. It was trying to close the overnight gap.

Options contract price was bit expensive as it had just been moving up qickly. Ideally, I should have sat on my hands as I missed the entry but I wanted to scalp a bit the profits.

Again, on IWM the 280 level is trickly as I mention on my previous posts, it went back to that level and then got rejected.

As I write this post, at 10.30 ET, it is trying to stay or break up this level.

It has retraced back to 61.8% on the Fib levels, it can go back to 281.20.

One and done: 3 contract = $51 total profit

Total options cost = $294

Time in trade: 9 min. A morning glory trade 🤤

Started with $300 and growing it to $60,000 with 1 trade a day, it is still my goal. Consistency, patience.

Strategy is trading one trade a day, 2-5 times a week. Traded 4 times this week and it's thursday today.

I only day trade options on ETFs. Timestamp on the broker is UK time. So, entry time of 3.05 is 10.05 ET.

2nd trade of week 3. Green. Got in a put at 9.58 ET with 3 contracts. No fancy options strategy. When I started, and still using simple EMAs, VWAP etc to see the trend and levels.

I took 50% take profit. The greed strikes again, however, I am in profit. Don't do that as a beginner.

Just an update: I tested my little app which uses TrastyTrade API yesterday, all good. Hopefully this will help decrease my greed when I set up my profit target 🐇

I've moved back some of my previous profit in this account and traded again 3 contracts today.

If you look at the screenshot, 1 contact was exected at 0.99, it is very extremenly rare to see the contracts executed at different prices when trading a few contracts (even 50 contracts), so I never waste my time thinking about slippage.

One and done: 3 contract = $162 total profit Total options cost = $293

Time in trade: 12 min. Coming back closer to morning glory trade 🤤

Fib level is a helper I am using since January this year, on and off, it bring a little edge to the entries and sometime the exits. Following Fibonacci blindly will get you burnt. If you are not profitable, or have good entries, exits without using Fib levels, don't bother much with it.

On Trading View chart, starting from left

• Red arrow - I wait for retracement or pullback to start
• draw the Fib level from low to high of day
• wait for it to retrace back to 78%, 61% or whatever levels it goes. It will do not same levels each time
• blue arrow - once it goes back down towards 100%, I get back in. If you relay on only Fib, you may get burnt and cry that you lost money and it is a fake indicator - it is maths
• First green arrow - it can go close to 100% or hit it and reverse - before it hits, I used to take some profit - due to green, I leave the trade open. I don't use take profit level 1, 2 etc as my strategy is one and done. simple.
• Second green arrow, if I see a change that it is breaking other levels/psychological numbers, I try to leave it open and today, I pushed it towards 1.2% and was out

Started with $300 and growing it to $60,000 with 1 trade a day, is still my goal.

Strategy is trading one trade a day, 2-5 times. I have been trading for a bit of time and can spot the psychological levels and how it is moving.

I only day trade options on ETFs. Timestamp on the broker is UK time. So, entry time of 2.58 is 9.58 ET.

If anyone is interested, I can make a small video with the Fib levels in a future post 🤷‍♂️

1st trade of the week. Green. Got in a put at 9.41 ET with 1 contracts. No fancy options strategy. If you use MACD, you may end up at Macdonalds 🍔 as the saying goes. I put 100% take profit. It was silly as I bought way OTM. Later on way back home, I switched it to $15 and it got closed.

I did get 25% profit today, although the trade was opened a long time.

Traded 1 contract as I have moved most of my profit to another account on TastyTrade - they allow multiple accounts, to test my little app which uses TrastyTrade API. Hopefully this will help decrease my greed when I set up my profit. I only code and test with real/prod data, always done so. Waste of time and not trusting your logic or code when you use test data. Except for maybe life critial system like medical system, air planes but not really financial or anything else. Insulting and life is short too.

I will move back the money to the account as I need to hit my target for the week.

One and done: 1 contract = $15 total profit Total options cost = $60

Time in trade: too long. Not even a morning glory trade, no fun with it 🫠

On IWM, 280 is a tricky level, it broke it last week, it tried its very best and failed miserably to get back to it today.

Started with $300 and growing it to $60,000 with 1 trade a day, is still my goal.

Strategy is trading one trade a day, 2-5 times. I have been trading for a bit of time and can spot the psychological levels and how it is moving.

I only day trade options on ETFs. Timestamp on the broker is UK time. So, entry time of 2.41 is 9.41 ET.

3rd trade of the week. Green with Greed 🐇 Got in calls at 9.49 ET with 3 contracts. No fancy options strategy. I put 100% take profit. I wanted it to hit $75 per contract profit. Today, was weird day, usually IWM moves similar trend to SPY but today, it was completely opposite way! Some would say market manipulation, pumping S&P with all these AI bubble, etc but I don't care, I play what is on the chart, that's it.

I did get 92% profit withing 10min in the trade. It was already in profit of $200 but with the greed 😅, I wanted it to hit this $225 to auto close, so I stayed in.

One and done: 3 contracts = $225 total profit Total options cost = $225

Time in trade: 56 min. Quite long morning glory trade, not really worth the stress.

Started this week account of $300 and growing it to $60,000 with 1 trade a day, is still my goal.

Strategy is trading one trade a day, 2-5 times. I have been trading for a bit of time and can spot the psychological levels and how it is moving. On IWM, 280-283 is a tricky level and I don't want to stick to long with an open position at this number. It has been oscillating between these levels for long time.

I only day trade options on ETFs on my phone. Timestamp on the broker is UK time. So, entry time of 2.49 is 9.49 ET.

2st trade of the week. Green, chart and broker closed for the day from my phone. Got in puts at 9.53 ET with 4 contracts. No fancy options strategy. Instead of closing and taking my target profit of $40 within a 2 minutes, I stayed in the trade due to the greed and impatience to regrow my account, I wanted 50% profit 😁 I know that it is a downtrend today, there was a small reversal after 10.00, waited and added 2 more contracts. I had work stuff to do and did not want to keep checking, this is why I added 2 more contracts with same strike. I don't usually average as it is too much hassle and deviate from my plan.

One and done: 5 contracts = $206 total profit Total options cost = $406

Time in trade: 37 min. Quite long morning glory trade, good return though.

Started this week account of $300 and growing it to $60,000 with 1 trade a day, is still my goal.

Strategy is trading one trade a day, 2-5 times a week. I have been trading for a bit of time and can spot the psychological levels and how it is moving. On IWM, 280 is a tricky level and I don't want to stick to long with an open position at this number.

I only day trade options on ETFs. Timestamp on the broker is UK time. So, entry time of 2.53 is 9.53 ET.

1st trade of the week. Green. Got in at 9.47 ET and 9.56. Stayed in the trade longer and took my profit. I wanted 50% profit, yes the greed. 0dte which I used today, best not to risk trying to get more. Ideally, I should not trade anymore this week as I reached my weekly target 😅

Used 4 contracts, as it was cheaper today. I had removed the profits of last week and account was back to $300 today on start

One and done: 4 contracts x $31 profit per contract = $124 total

Time in trade: 9 min. Not bad morning glory trade, but it is worth the time.

Started this week account of $300 and growing it to $60,000 in 6 montha with 1 trade a day, is still my goal.

Strategy is trading one trade a day, 2-5 times. I have been trading for a bit of time and can spot the psychological levels and how it is moving. It was moving up and there was a good chance it will keep the uptrend for a bit when I got in.

I only day trade options on ETFs. Timestamp on the broker is UK time. So, entry time of 2.47 is 9.47 ET.

3rd trade of the week. Green. Got in a bit early and did not fully wait for the reversal. Stayed in the trade longer and took my profit. I wanted 50% but decided to cut it. It will probably climb back but with the 0dte which I used today, best not to risk it.

Scaled to 5 contracts, only way to grow fast a small account.

One and done: 5 contracts x $13 profit per contract = $65

Time in trade: 27 min. For me it is long with morning glory trade, but it is worth the time.

Started this week account of $300 and growing it to $60,000 with 1 trade a day.

Strategy is trading one trade a day, 2-5 times a week. I watched the trend, line is VWAP and EMA 200 was far away. I have been trading for a bit of time and can spot the psychological levels and how it is moving. It was moving down, there was a good chance of reversal back to VWAP

I only day trade options on ETFs. Timestamp on the broker is UK time. So, entry time of 3.12 is 10.12 ET.

2nd trade of the week. I did not took the down trend as I disn't want to risk it. I checked the chart on my phone later on what it was doing and went for calls. I took a bit more than my intended profit of $10-15 per contract 😁

One and done: 3 contracts x $30 profit per contract = $90

Time in trade: 10 min. For me that's a bit long with morning glory trade, but it is worth the time.

Started again with a small account of $300 and growing it to $60,000 with 1 trade a day.

Strategy is trading one trade a day, 2-5 times a week. I watched the trend, line is VWAP and EMA 200. I have been trading for a bit of time and can spot the psychological levels and how it is moving. It tried to break the vwap and 200, I stayed a bit more and then closed to take the profit.

I only day trade options on ETFs. Timestamp on the broker is UK time. So, entry time of 3.43 is 10.43 ET.

Started again with a small account of $300. I was greedy today and took more than my target profit 😁

One and done: 3 contracts x $39 profit per contract = $117

Time in trade: 9 min. For me that's a bit long with morning glory trade. I don't worry about theta burn/decay.

Strategy is trading one trade a day, 2-5 times a week. I watched the trend, line is vwap. I have been trading for a bit of time and can spot the psychological levels and how it is moving. It is good to use an EMA which is easy to see the trend.

I only day trade options on ETFs. Timestamp on the broker is UK time. So, entry time of 3.01 is 10.01 ET.

With $200 cash account on NinjaTrader. Yesterday, I traded 1 MES contract, 4 times, 6 ticks profit per entry. Profit $48.47 before commissions.

Commissions = $1.20 round trip per contract with my lifetime account. It would be $1.80 with monthly membership. I got a lifetime previously as ninjaScript has all in one place to automate a strategy.

Usually, I would only do one trade a day, same way I do on trading options on ETFs like SPY, QQQ etc. One and done. I am only doing micro futures currently as I want to automate the strategy in a single platform.

Long weekend here in UK and I have some free time. I am going update my ninja script to autotrade and let it run next week on simulation account.

I am using my same options day trading strategy on MES. I have most of the strategy on pinescript as I am also running an auto alert from TradingView to my laptop to place an option contract on through TastyTrade broker API. I don't like to involve 3rd party website to route trades or holding the rules.

Goal:

• a simple strategy to take 1-2 trades a day on MES
• profit of 1 point for each entry
• Reusing the profits to increase the number of contracts to compound over time
• looking to reach account size to have $100 per day initially
• not looking at riding the trend, just auto scalping
• if it is consistent over time, can look into topping it with profits from day trading options profit

cash account size	Contacts to trade	Profit per day
$200	1 MES	$3.80
$400 (when it reaches)	2 MES	$6.80
...	...	...
$2,000	10 MES	$38
....
$4,000	20 MES	$76

Anyone ported their strategy to ninja script from a successful options day trading strategy for small profits? Profit looks small, if it working, it can scale up faster.

I will try make a video of the steps on my youtube channel to show the coding steps and result over time. I have not posted any video in the last 12 months. You can check my reddit profile for channel link.