Week of April 21 Recap Pt. 2

I took a FULL RISK end of day 0dte trade with 11 minutes left in the trading day. Typically I use no more than 10% of a day's gain to put on a full risk 0dte EOD trade. This ensures I end the day green while giving myself the opportunity to juice the gains on the day, with minimal risk. It's also important I don't force trades. It still requires system based setups, but on extremely short time frames. I've spent a lot of time trying to trade these instruments but the volatility in price leads to far too much emotional activation. This has een long term detrimental to my progress as a trader, so now I reserve it for EOD with profit only.

I entered this trade at $1.65 with a clear upside setup. Price fluctuated consistently for a couple minutes between $1.5 and $3. I felt confident that we would venture higher and an exit of $6+ was reasonable aka a 4x or 300% return. The emotional scarring of letting green turn to red has me taking profit sooner than I should - which ultimately is better than not taking profit and ending red.

I took 100% on the trade. As tends to happen, once I exited the contract ran to $7.3 - a 350% return.

I'll take it though!

Now the week is over: 6 day trades. 5 wins. 1 full risk EOD trade, 100% return.

A return of 16.9% this week.