IWM
iShares Russell 2000 ETF
stock NYSE ETF

I jumped in IWM too early but lucked out because of data. Like stupid idiot lucky.

Watch Al Brooks videos if you really want to get some knowledge and ask AI any clarifications. It maybe boring as it is not new shiny videos, however you will learn a loads. Get TradingView, pick up a ticker and practice.
I day trade options once a day on ETFs like SPY, QQQ, IWM etc and post entry and exit. You do not need to trade full market time to be successfully. Refine your strategy, consistent small wins per contract and scale up the number of contracts.

Yeah what the heck is with QQQ. I usually trade SPY. QQQ options suck. I dont understand how QQQ was up so much all day but my calls were negative. I didnt have that problem with SPY and IWM. This is the last time i touch qqq options.

Iran and US both are busy purchasing call options on SPY/QQQ/IWM and literally everything they can get their hands on and YOU are twiddling your thumbs LMAO. Just buy SPY 660 monday (like 500-1000 options) and retire on Monday market open

I am in UK, so taxes are different. Same starategy can be done for any ticker. Well done taking your target profits ans scaling!
I was doing SPY before, you can see on my 2 videos on youtube channel from 12 months ago. Only have these 2 vids on the channel 😬 I was trading mainly between  11.00 to 14.00 ET, still one trade a day. I will make some vids when I have time to show similar analysis. SPX is just 10x SPY options, you will do very well with it.
Switched to IWM since January as it alignes with my plan, trading time, and 0dte. If I didn't do what I was doing before, I would not have switched to 0dte.
I like growing a small cash account. When I made losses previously, it is easier to recover as I know I grew from small. If you have large initial capital, it is tough mentally to grow again. So IWM fits my plan currently with the premiums and movement.

Nice job, im doing something similar, but using SPX for tax efficiency. What made you choose IWM? perhaps if you aren’t in US then it may not matter as much.

IWM has such a perfect Market Crash top right now that it would be rejected as "Too Perfect" and "Unrealistic" if it were submitted for a College Textbook on Stonks. 🐻🤌

Thinking about IWM 0DTE puts right about now 

CLEAN HEAD AND SHOULDERS IWM.
🚨!!!REPENT 🐂 SINNERS!!!🚨

IWM at ATHs lol

Welp I'm def ☠️🐻☠️ but hopefully paid for lessons. 
7x'd my original pot based on reading charts, but did not hedge my risk with the inevitable 🥭 Put.
Going forward, especially on Puts, I will practice giving 10% of evey win to OTM 0dte and then 1dte Calls as a tithe to the Choas Ber Gods.
Till then, I'll just make sure my IWM 285 Puts don't die alone. Not fuk'n selling.
Please use this as an example of a Filthy Ber getting what they deserved.
☠️🐻😔🙏☠️

Last day of week 6. Green. It is not a challenge, doing normal trades as all of you 🙂
I was not going to enter but the greed came in and I got in at a risky level - 294 and it has already moved a few dollars up.
I waited after 10.00 though 😇

Even if IVx was 55%, options premiun had gone down a bit.
It was being rejected at 294 multiple times. Once it was a bit lower, I got in and ofcourse, I wanted more than $10 per contract. I held but with the crappy IWM price movement, it was just not worth it to keep holding. I reduced my profit target and then it got closed.
I didn't want to stay longer. Better take my profit and feel less annoyed and irritated for the evening and weekend in case of a loss. You know the 💩 feeling.
I never use R ratio in any of my calculations, it works for some people, but this maths does not work for small accounts and also for day trading options or futures if you want to be profitable consistenly from what I see. Think in terms of dollars or points.
No fancy options strategy like iron condor, selling etc. Using simple EMAs, VWAP etc to see the trends and levels.
As I write this at 10.46 ET, I was already done for the day.
One and done: 10 contracts = $120 total profit,
Total options cost = $1,250.
10% profit
Time in Trade : 13 min. A little morning glory trade 🤤
Start small, money you can afford to lose, then grow your account.
It is not a shame to trade with 1 contract. Shame or pride does not give you profits.
If you are learning by yourself, give it 2-3 months to see how you are progressing.
If you believe I am lucky every day with the trades and posts 🤷🏻‍♂️ so be it. I believe I have no choice, to put in the effort and keep doing, any loss is my loss as it is me executing my own trades and money.
Started with $300, 6 weeks ago, and growing it to $60,000 with 1 trade a day, is still my goal in 6 months. If you were also trading, even $10 per contract per day, you will have progressed a lot.
My trading plan and strategy is trading one trade a day, 2-5 times a week depending on availability.
I only day trade options on ETFs. Timestamp on the broker is UK time. So, entry time of 3.17 is 10.17 ET.
I trade on my samsung s10e and screenshot is from TastyTrade.

About to just liquidate everything and IWM and chill.

Per a person better at charts than me, the Annual Expected Move for IWM *was* $295.67, meaning most option buyers expected IWM to reach that FOR THE YEAR.
The daily expected move *today* is $296.01.
IWM is now just over $294.
So based on my own eyes of MMs always screwing option holders to the max, I think we're in for a vomit-inducing IWM podrace within days at max, if not by this afternoon! 

I think IWM just made a new ATH

LOL. IWM ATH

My understanding is the only indexes it will impact are the NASDAQ and the Russell 1000. The Russell 2K, which I enjoy playing with via IWM, is safe.

IWM is RIPPING

Looking like IWM is the real rocket today huh? Why bother with spacesex just buy IWM calls I guess.

Yooo whoever said IWM I owe you one recovered a couple hundo already