Scalping SPY options

garydeona said:
Yes Werd, I know people who day trade the SPY with huge success. And i am following them currently. You can use a top down approach to assess where the current price was, is now and have a potential to go next. Then you trade calls and puts using the smaller time frame. One can make any way from 20% to 1500% daily. I use the market cycle from a top down approach and trade off the 1 minute chart daily. You have to buy near the money puts or calls with the closest expiration date. No overnight position - only on special circumstance. Market cycle have 4 phase - you only trade the phase 2 and 4. Phase 1 and 3 are side ways. I am having good success so far (Only been a week using this system). Had 3 trades with over 20% success. I am hoping to step it up as of Monday - tomorrow. Good luck everyone.
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I'll bite even though you only have one post...

Watch your risk on this strategy. Trade as small as you can until you have a proven record. While the strategy you are attempting probably has no merit, you might stumble upon something that does. BTW, you say you are following them, so if that means on twitter or some website, you should trade paper money until you realize that they are not winning if they are even trading at all.
 
garydeona said:
Yes Werd, I know people who day trade the SPY with huge success. And i am following them currently. You can use a top down approach to assess where the current price was, is now and have a potential to go next. Then you trade calls and puts using the smaller time frame. One can make any way from 20% to 1500% daily. I use the market cycle from a top down approach and trade off the 1 minute chart daily. You have to buy near the money puts or calls with the closest expiration date. No overnight position - only on special circumstance. Market cycle have 4 phase - you only trade the phase 2 and 4. Phase 1 and 3 are side ways. I am having good success so far (Only been a week using this system). Had 3 trades with over 20% success. I am hoping to step it up as of Monday - tomorrow. Good luck everyone.
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Can you save us all a lot of time and get right to the sales pitch so we can see your real intention....
 
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