Sulaco

Lessons from yesterday . . . I executed TWO near perfect sniper trades on $SPY call options. What worked was capturing the momentum at the market open, for a quick +18% winner, and the end of day momentum near the close for another +15% winner. What doesn't work is trying to trade options in the middle of the day. The price action is way too choppy for a quick in and out. Literally the moment you get filled, the price WILL suddenly reverse and go against you instantly wiping your profits for the day. Bottom line on $SPY options, trade the open, and trade the close. Stay away from the rest of the day.

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