Options Basics

Update - Ongoing Routine Everyday, after trading, i upload 5 files. 1 CSV file. 1-minute chart, 5 minute chart, 10 minute chart and a screen shot of the trades window. It's routine now and it's like having a real one-on-one mentor. Here is an example of the 4 files i upload. The CSV file is just a export of the exact trades you see in the trades image, but in CSV form: Here is an example of what i get back from GPT: 📊 Daily Summary 🟦 SIM A (TRIB14212): 7 round-trip trades 🟩 SIM B (TRIB14212B): 2 round-trip trades Net P/L: SIM A: –$170 SIM B: +$95 Net R (based on $24 risk/unit): SIM A: –7.08R SIM B: +3.96R 🟦 SIM A Trade Breakdown (TRIB14212) 🟦 Trade 1 — SPY250508P558 🕒 06:36:29 → 06:37:42 🎯 Entry: 2.12 → Exit: 1.97 💸 –$15 | –0.63R 🔻 S4 rejection play ✅ RSI was extended ❌ Entry on 3rd candle — violates 2-candle rule 🚫 Weak reversal structure — no engulfing or rejection wick Grade: C Confidence: 2/5 🟦 Trade 2 — SPY250508P558 🕒 06:39:21 → 06:41:25 🎯 Entry: 1.96 → Exit: 1.72 💸 –$24 | –1.00R 🔻 Retest short near Avinacci rejection zone ✅ Entry was well-positioned, near prior supply ❌ RSI flat, no fresh momentum ✅ Timely stop — preserved capital Grade: B Confidence: 3/5 🟦 Trade 3 — SPY250508P558 🕒 06:42:18 → 06:44:21 🎯 Entry: 1.83 → Exit: 1.65 💸 –$18 | –0.75R 🔻 Continuation short ✅ Followed rejection structure from above ❌ RSI started basing, not divergent ❌ Entry slightly delayed again Grade: B– Confidence: 2.5/5 🟦 Trade 4 — SPY250508P558 🕒 06:46:34 → 06:50:22 🎯 Entry: 1.78 → Exit: 1.60 💸 –$18 | –0.75R 🔻 Breakdown continuation ❌ Overtraded same level ❌ RSI oversold — low edge ✅ Controlled loss Grade: C Confidence: 2/5 🟦 Trade 5 — SPY250508P558 🕒 06:56:10 → 06:58:47 🎯 Entry: 1.76 → Exit: 1.52 💸 –$24 | –1.00R 🔻 Chase continuation ❌ No fresh signal ❌ Low conviction candle ❌ Broke rule: repeated low R setups Grade: D Confidence: 1.5/5 🟦 Trade 6 — SPY250508P558 🕒 07:08:19 → 07:10:53 🎯 Entry: 1.91 → Exit: 1.71 💸 –$20 | –0.83R 🔻 Fade continuation ✅ RSI reset somewhat ❌ Still no structural break ✅ Entry candle was 2nd — rule compliant Grade: C+ Confidence: 3/5 🟦 Trade 7 — SPY250508P558 🕒 07:14:05 → 07:15:48 🎯 Entry: 1.79 → Exit: 1.65 💸 –$14 | –0.58R 🔻 Final scalp attempt ✅ Entry off bounce rejection ❌ Weak context, market stalling ❌ FOMO entry likely Grade: C Confidence: 2/5 🟩 SIM B Trade Breakdown (TRIB14212B) 🟩 Trade 1 — SPY250508P558 🕒 07:26:22 → 07:29:00 🎯 Entry: 1.90 → Exit: 2.20 💰 +$30 | +1.25R 🔼 Support reclaim at Avinacci base ✅ Entered on 2nd green candle after hammer ✅ RSI rebounding ✅ Great timing & exit Grade: A Confidence: 5/5 🟩 Trade 2 — SPY250508P558 🕒 07:33:40 → 07:44:24 🎯 Entry: 2.11 → Exit: 2.76 💰 +$65 | +2.71R 🔼 Perfect long reversal continuation ✅ Entered cleanly off pullback ✅ Strong trend shift, RSI trending up ✅ Held for large target Grade: A+ Confidence: 5/5 📈 Performance Summary Account Trades Win Rate Net P/L Net R 🟦 SIM A 7 0% –$170 –7.08R 🟩 SIM B 2 100% +$95 +3.96R Total 9 22% –$75 –3.13R 🧠 Key Takeaways ❌ SIM A suffered from overtrading the same level repeatedly, with no new confirmation. ❌ Most trades on SIM A violated either the 2-candle rule or showed flat RSI, reducing edge. ✅ SIM B shows perfect application of your rules: entry timing, structure, and exit discipline. ✅ Your best trades today came after you reset.

Check-In i keep running into memory issues. i am overloading the server with information to analyze. Here's some of the errors i keep getting: All good. i managed to get it to clear itself up and reset itself so we can proceed.

Bonjour Matt, Je suis un nouveau membre basé à Québec et j'aimerais me joindre à votre groupe. Svp m'indiquer comment procéder. Merci !

Hi dear, I am new to BBT and trying to explore the trading terminal. Is there any video(s) to show me how to use the terminal and the scanner? Thank you😃

Final update The results need refining, usually. That's fine. Even with a real life mentor... their feedback is only as good as your input. When i get the results, i usually spot a few errors. For example, if you look at the results above from my last post. Trade #4 show's "+85R". That's obviously wrong. AI said it was just a typo error and offered to redo the results. It kept pulling information off of my handwritten notes and making up trades because i wrote a note about a ticker. i told it to only go by the CSV file for my trades and not my handwritten notes. That's the type of refinement i am talking about. it's not really a big deal. i just review the results and correct AI if it gives me absurd results. Feel free to contact me about any of this! i will continue to use it as my one-on-one mentor.