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MY STRATEGY

  • I have two main trading accounts where I exclusively trade futures:

    • Day Trading Account - only trade E-mini Nasdaq futures (NQ) and go home flat every day​

    • Options Account - only trade E-mini S&P futures and related options (ES); will hold long or short ES futures and sell ES puts and calls with a variety of strategies focused on profiting from theta decay​

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  • Day Trading Account Strategy​

    • I aim to profit from 20-30 point moves in NQ​ (1 point on NQ = $20 per contract)

    • I trade in multiples of 10 futures contracts and will limit my open position size to a maximum of 40 contracts

    • I only trade between 9:30AM and 12:00PM unless there is a news event in the afternoon that creates volatility where I feel I have an edge

    • I limit the total number of contracts I trade each day to 300 in order to limit overtrading and promote a focus on the best setups

    • I primarily focus on support and resistance levels utilizing moving averages, volume profile and volume weighted average

    • I will confirm my setups by looking at the order flow and depth of market (DOM)

    • My profit target for the day is $10,000 - $20,000

    • My daily stop loss is $18,000​

    • My goal is to make 1-2% of my account balance per week

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  • Options Trading Strategy

    • I will sell strangles or individual puts and calls on ES with 30-35 days to expiration

    • I will sell the weekly ES options on futures with Friday expirations and ladder out 4 to 5 weeks

    • I typically sell the 15-25 delta options

    • I will close out the options when I have achieved approximately 60% profit

    • ​I will be long or short one to five ES futures depending on how I view the medium term market trend and balance my account towards delta neutral

    • My goal is to make 1-2% of my account balance per month

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