$SPX & $SPY 0DTE @Based Method | Actualize Monday 1/6/2025 | Open | Keep me Accountable
$SPX & $SPY 0DTE @Based Method | Actualize Monday 1/6/2025 | Open | Keep me Accountable
Good morning. 🌞 Let’s make things happen.
Goals for today:
Discipline;
Fund management;
Trading small;
Trading often;
My profit goal is $1500;
Singles and double for the wins, home runs are liked, but not needed.
Continue refining your systems of success. Thanks for all the support AH. Thanks for teaching me @based 👍.
❔What will the Lady $SPX / $SPY bring us today?
Opportunity to take A+ setups and if they aren’t there that’s OK as I don’t have to trade today.
🚀 PROFIT DAILY
$SPX $0
$SPY $0
🚀
☀️Previous Balance
$SPX -$123,028
$SPY -$23,675
☀️
✨New Total:
$SPX -$123,028
$SPY -$23,675
✨
📸 Image 1 Dog Tax
📸 Image 2 Humor
📸 Image 3 The Strat
Thank you AH for this opportunity. I hope my entertainment not financial advice has brought enjoyment for 2024.
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@ Based Method
What is this?
Using technical analysis (TA) aka charting to gain an edge on entry and exit. I use a non-linked options account. There are many other pieces of intelligence paid and free that are used.
It is trading $SPX and/or $SPY 0DTE (Days To Expiration) bought puts and calls contracts using TA.
@Based method does not require DD like stocks. It requires technical analysis to build confluence (not hopes and dreams) discipline (experienced traders) using 0DTE $SPX (liquid options, no overnight risk, has 60/40 tax treatment).
Price action | Top down approach | 9, 21, 200 EMAs | VWAP | Market Breathe | Follow the Mag 7 as they move the market | reading candles wicks Strat Method | order option flow | confirmation | are only some of the free and paid pieces of intelligence used in the @Based Method.
It moves fast so you have to have certain skill and knowledge levels to trade successful. What will you pay to get the edge. @Based has provided the discord groups, books, etc. where he has refined the @Based Method.
$SPY is a tenth the size of $SPX. With VIX up the contract values are also up. $SPY is a great vehicle for 0DTE; watch the fees though when scalping.
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Previously on After Hours:
https://afterhour.com/Glazer/vpK/dollarspx-and-dollarspy-0dte-b