Option Strategies: .SPX, QQQ& META
Hello everyone! Today i want to share some trading strategies with you!
1.
TRADE PLAN for LOTTO Friday 📈
$S&P 500(.SPX)$ another day of CHOP. SPX needs 6900 otherwise avoid calls. Once SPX reclaims 6900 and holds this level.. 7000 will come again.
$Meta Platforms, Inc.(META)$ closed right near the 645 breakout level. If META can get through 645 we can see 665-670 in the next 2 weeks.
META Feb 27 660C is best above 645
$Invesco QQQ(QQQ)$ still isn't ready for a break higher, it needs to close near 610 on a daily candle to set up for 618+. If QQQ gives up 600 it will be much more bearish for the market.
Core PCE data premarket tmrw. Good luck tmrw everyone!! 🫡
2.
The reality of trading?
You can be completely right and still lose money.
> Price hits your exact level
> Does what you thought it would
> Then stops you out anyway before the move actually happens
Just how it goes sometimes.
Trading is about having something that works when you do it a hundred times.
One trade doesn't tell you anything.
20 trades? 50? That's when you start seeing if you actually have an edge or if you just got lucky.
Consistent traders don't care about landing one huge winner or having one good month.
We care about not blowing up, trading the same thing every time, not losing our mind when trades go against us and making money most months.
Anyone can screenshot one big win.
Show me six green months in a row though.
If you don't get how probability works you'll take every single loss personally. But if you do get it you'll just see each trade as one attempt out of many.
Stop trying to be right every time.
Try to be consistent instead.
That's actually how you make money doing this.
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