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r/wallstreetbets
$300 deposit Tuesday -> $6,120.97 ($5k withdrawn + $1,120.97 cash left in account)
Investor summaryNeutral
Turned $300 into over $6k in 3 days trading SPY 0DTE/1DTE options, despite a $3.7k loss from poorly timed puts.
Bull points
- 0DTE and 1DTE SPY options can generate massive short-term returns by playing market swings.
- News-driven volatility creates highly profitable trading opportunities.
Bear points
- Poor risk management, such as entering puts too early or failing to adjust strikes, can quickly erase large gains.
Post body
100% of my plays were SPY 0DTE and end of day 1DTE calls and puts playing swings, intending for short-term in-and-outs but have had to hold longer than I wanted to sometimes.
Was actually up to nearly $9,300 yesterday but entered into puts way too early towards the end of the day and wasn't moving the strikes back like I should've when it wasn't moving my way, so I lost almost $3,700, which nearly erased what I made from Trump's attack cancellation tweet. But I'll take over 20x in 3 days.
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