How to make $1000 a day trading $SPY & $QQQ π§΅ This is the mega...

These are the main areas of support & resistance I watch the following day.
This gives me 4 scenarios to watch for β¬οΈ
1οΈβ£ Break PDH = Focus on calls π
2οΈβ£ Reject PDH = Focus on puts π
3οΈβ£ Bounce PDL = Focus on calls π
4οΈβ£ Break PDL = Focus on puts π
*Note, I prefer to size down for scenarios 2 & 3 (Range Day) and size up for scenarios 1 & 4 (Expansion Day)
Visual example π
Bull / Bear Flags are one of the most reliable chart patterns out there. I add them to my system for added confirmation.
The main focus is...
Bull Flags above the Previous Day High π
Bear Flags below the Previous Day Low π
So basically I am focusing on flags that align with the EMA trends and the 4 scenarios provided above.
Visual example π
But letting 2 or 3 them come together into 1 trade gives you multiple confirmations and increases your win rate substantially!
Let's look at some examples of this π
Mark the Pre Market High & Low (4am - 9:30am EST) everyday before open.
These are great additional levels to watch for possible entry points into trades.
(Try to avoid trading inside of that Pre Market High & Low range) That is often an area where price tends to be choppy!
* I do make certain exceptions to this rule if I really like the setup. But newer traders should avoid it completely.
Visual example of choppy price action π
The goal is to only risk your hard earned money on high quality setups that are both repeatable and easy for you to identify!
The set of rules I just went over gives me exactly what I need to do that if I just stay patient & follow my system.
Start small and aim for consistency!
Before you can start hitting those $1,000 days you need to show yourself you can hit consistent $100 days.
Hopefully you leave with a little more knowledge than you came in with. And maybe even a new A+ setup or two you can keep an eye on next week π
My current March results posted below π
18 total trade alerts π¨
14 profitable wins β
4 unprofitable losses β
Win rate = 78% π―
$SPY +210% β
$SPY +200% β
$QQQ +190% β
$QQQ +160% β
$QQQ +150% β
$SPY +110% β
$IWM +100% β
$IWM +100% β
$SPY +75% β
$SPY +60% β
$SPY +40% β
$SPY +35% β
4 losses that ranged between -20% & -40% depending on how quickly I exit upon my stop level breaking β


















