Today was full of economic announcements and Fed Chair J.Powell had scheduled remarks at 1:30. Morning trades didn't work, even with all the news. Everyone waited for Powell. I underestimated that and hacked around in the morning. I thought there would be some opening trades, but it was inside all morning and gappers didn't work.
I was busy with H, so I missed the 1:30 trade and the next 2 legs. But there was a lot of power there so I got the last ~90 min move w SPY calls for stellar returns. Made back the morning hack and much more, all with a small $ input. When those 1DTE options go in the money then plow higher, that's the dream! Glad I gave myself one day out so I didn't sweat so much, even though I'm sure the 0DTE paid more. I traded MY trade.
First try at SPY calls at 2:30 was jumping on extreme strength. No regrets for a small try, and no regrets taking a tight stop on only partial and trying to ride the rest. Also tried puts, even while holding calls, bc sooo overbought. But the strength was truly there so I had more confidence and a better pivot when I went added long again at 2:49.
It was a bummer to take those small targets... but only in retrospect. The trade was choppy for a while and It was 100% the right thing to pay myself first. Take some gains and let the rest ride. Clockwork! And it paid baby!
