The Simple Options Day Trade — $QQQ for 200% — 3/5/2024
They say buying options is a “fool’s game” and day trading options is impossible. So let’s say right off — they are wrong about that.
The Simple Strategy
TRADES are based on this simple day-trading strategy to be on the long side of the calls and puts for day trades; and referenced in this story — I told a guy how to make 100% day trading options and I doubt he believes me.
The open signal is clear and truly simple.
If the call options are above their open, buy the calls; if the put options are above their open, buy the puts.
That’s it, but use a stop-loss to control risk.
3/5/2024 — During the day…
Today’s QQQ 442PUT has gained more than a clean 200% as I write this.
I say “clean” because there was no chop-chop little losers at the open, which happens a lot and always more than anyone would want.
The 442PUT plainly crossed the its open, issuing its day-trading buy signal, and never looked back.
In other words, locking in these gains, is a good was it gets day trading with the “Simple Strategy.”
(The white flag on the chart’s right axis show the dollars/percentage gain for each $1K put in the trade. Click on the chart for a larger view.)