This is a self challenge all members follow knowing the risk. All and all with this challenge we only trade Monday Wednesday and Friday. For this reason $SPX has same day expiry.(click here to read more on option Expiration here). We dont trade this challenge on Tuesdays or Thursdays. Yes, we trade other tickers as well but this focus is to work our way up.
Monday March 5th. Day 1.
Bought to open SPX 2720C 2 cons @.25=$50
Sold to close SPX 2720C 1 cons @2.50=$250
Bought to open SPX 2730C 2 cons @.95=$190
Bought to open SPX 2730C 2 cons @.45
Bought to open SPX 2730C 6 cons @.25
Sold to close 1 cons @4.00=$400
All 10 contracts of SPX 2730C expired worthless
Update:
3:25pm. Starbucks wifi went out. Couldn’t fallback on my AT&T Data because the towers in the area was down.
3:50pm. I get home and connected to wifi but premiums are now below .20
It was crucial for me because my lady was driving trying to rush to get me home but due to college campus delayed time even more.
Its happens still closed +120.
Account Peaked.(3/5/18)
Account Closed.(3/5/18)
Tuesday March 6th. Day 2.
Bought to open SPX 2745C 1 con @3.60=$360
Today I broke the most important rule of all. I traded on non expiration days. I watched this current trade play out from highs to lows at 1.35 now sitting at 4.00 I never entered but I kept walking away . Teaching oneself to be patient is key to becoming a profitable trader. Sometimes we break rules for good reasons just as we would for bad reasons.
Update:
4:10pm. /ES DROPS -32pts due to Cohn resigning
Wednesday March 7th. Day 3.
Friday March 9th. Day 1.
Its a new day and based off these itchy hands tomorrow should be very profitable. Ill be focused per usual and traveling but no distractions. Stay tuned I will update each position right after I close them! Good Luck to all.
Bought to open SPX 2780C 4 con @.50=$200
Bought to open SPX 2785C 5cons @.40=$200
Bought to open SPX 2790c 2cons @.30=$60
Sold to close SPX 2780C 4 con @5.10=$2,000
Sold to close SPX 2785C 5cons @1.25= $625
Monday March 12th. Day 2
Bought to open SPX 2805c
Bought to open SPX 2810c
Bought to open SPX 2815c
ERRORS TO MY MADNESS
Let’s just say 2 challenge errors have cost me and as a trader I’m just going to blame myself to move on. But on a strong positive note that’s TWICE I peaked over $3k starting with $500.
It’s like support and resistance. My account double tapped resistance then retraced. Next attempt is a breakout. So -1k total on two challenge attempts.
Today’s Error: instead of buying 1 as I do to test it was 10 but I didn’t notice until about 30mins later. Once I buy I close the app and just watch the chart. View trades up top.
On another Note, I will be the first options trader to turn a small amount $500 and below into $100k. Every day I remain consistent and determined. Thanks for all the support TEAM and followers.
Trade With Ninja 
You did great job and try to get your goal to 100k I will enjoy to watch you Cool
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Thanks J.G it’s coming felt great to be zoned!
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I ask you where did you find “Portolios” in real time quotes. I try to find it in google for myself.
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Wait I’m confused
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Hey, great! will keep following your Challenge. One question. Why do your want to only options expiring same day? Is there a advantage in trading it?
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TGT are cheaper on the same day
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You did great on round 3 as Whew!!!! after frustrating on round 1 and 2.
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Yes very true today I was just focused. I knew what I had to do
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Question.. Are you reinvesting the wins or will you keep trading with $500? Your challenge is interesting. I had a 1k to 500k challenge but did not limit it to 1 symbol. I like yours better because of the focus..
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Yes the idea keep the gains locked re use initial start. I can do it with a lot of tickets but on one it’s better it forced u to adapt
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