Want to make CONSISTENT money daytrading?
You need to focus on just ONE strategy.
Heres the strategy that made me millions:
You need to focus on just ONE strategy.
Heres the strategy that made me millions:
When you stick to just one trading method your chances of success increase exponentially.
Mastering one strategy will yield much better results in terms of profits and consistency.
When I first started trading, I dabbled with multiple strategies, getting overwhelmed.
I realized the importance of mastering one over juggling many.
Mastering one strategy will yield much better results in terms of profits and consistency.
When I first started trading, I dabbled with multiple strategies, getting overwhelmed.
I realized the importance of mastering one over juggling many.
The basics of my trading is using supply & demand concepts to find trade entries and exits.
Supply zones and demand zones are crucial areas on a chart which can predict potential reversals or continuations.
Supply zones and demand zones are crucial areas on a chart which can predict potential reversals or continuations.
Chart Setup
I start with a clean $SPY chart, usually on a daily timeframe to identify major zones.
However, for intraday trades, I use the 5M and 15M to execute trades.
I start with a clean $SPY chart, usually on a daily timeframe to identify major zones.
However, for intraday trades, I use the 5M and 15M to execute trades.
Drawing Zones
For supply zones, I look for a sharp price drop.
For demand zones, a sharp rise.
I mark these areas, ensuring I encompass both wicks and bodies of candles.
For supply zones, I look for a sharp price drop.
For demand zones, a sharp rise.
I mark these areas, ensuring I encompass both wicks and bodies of candles.
Validation
Not all zones are equal.
If price revisits a zone and shows a strong reaction (bouncing off or dropping sharply), it validates the strength of the zone.
Not all zones are equal.
If price revisits a zone and shows a strong reaction (bouncing off or dropping sharply), it validates the strength of the zone.
Option Selection
Once zones are identified, I wait for $SPY to approach these zones.
Based on expected reaction:
Demand zone = I buy CALL options
Supply zone = I buy PUT options
Once zones are identified, I wait for $SPY to approach these zones.
Based on expected reaction:
Demand zone = I buy CALL options
Supply zone = I buy PUT options
Expiry Selection
How I usually choose my option expiration dates & strikes:
Monday - Wednesday
• Friday expiration, at the money.
Thursday-Friday
• Next week expiration, slightly out the money.
Options have time decay. Always be mindful of theta, especially when trading short-term options.
How I usually choose my option expiration dates & strikes:
Monday - Wednesday
• Friday expiration, at the money.
Thursday-Friday
• Next week expiration, slightly out the money.
Options have time decay. Always be mindful of theta, especially when trading short-term options.
Stop Loss
I set stop losses based on the opposite end of the zone.
If $SPY breaks and closes beyond the zone, it’s a signal that the zone might be invalidated.
Profit Target
I usually set initial targets based on the next opposing zone. For instance, if I buy a CALL at a demand zone, I’ll target the next supply zone above.
I set stop losses based on the opposite end of the zone.
If $SPY breaks and closes beyond the zone, it’s a signal that the zone might be invalidated.
Profit Target
I usually set initial targets based on the next opposing zone. For instance, if I buy a CALL at a demand zone, I’ll target the next supply zone above.
Review
Post-trade, I always review.
Did the trade go as expected? Were the zones accurate?
This continuous learning refines the strategy over time.
Post-trade, I always review.
Did the trade go as expected? Were the zones accurate?
This continuous learning refines the strategy over time.
Risk Management
Never go all-in.
Even with the best analysis, the market can surprise.
Allocate only a fraction of your portfolio to any given trade.
Never go all-in.
Even with the best analysis, the market can surprise.
Allocate only a fraction of your portfolio to any given trade.
Scale
Once I was able to build consistent results using my method, the next step was to scale, which I go in depth in here👇
x.com
Once I was able to build consistent results using my method, the next step was to scale, which I go in depth in here👇
x.com
Using this method is what helped me get to where I am today, and while it seems simple, it isnt easy.
It’s about patterns, patience, and discipline.
Stay consistent and keep learning.
It’s about patterns, patience, and discipline.
Stay consistent and keep learning.
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