Thanks!! My wife says I'm stubborn, I say it's determination ๐
About the strategies, I'm trading some momentum ORBs and engulfings with options too but I don't have "setups" that I need to see for opening a position. Anything goes, really. I read the price action and when I see a good risk/reward and I feel probabilities are on my side, I get in for a scalp. It's very fast, I'm trading on the 15 second chart. And like I said, I'm not afraid to get out quick if it's not working out, I don't use stop losses, I just exit the position as soon as I don't like what I see or feel. Options move so much that you can't be too patient if it doesn't work out. It's high risk, high reward type of trading. If you get stuck and don't cut your loss, your position can actually go to 0 by the end of the week at expiration, you can't turn it into a long term hold. But you can also make over 100% on your position almost any given day, especially on Friday expiration. I've seen 100% moves in 1 minute happen and over 20x in a day would have been possible if you bought and held for a couple of hours, it's crazy. It's like penny stocks on steroid, but the underlying stock is a large cap that can be more predictable imo. ๐
If you want to see what scalping options look like, check out Matt Diamond on YouTube. Funny thing: I came up with this option scalping strategy by myself during my 1 month break when I almost gave up in December of 2020. I thought I was a genius because I had never seen this before. Then a couple of months later I discovered Matt's channel and I was like: "wow ok, he's been doing that for years, I'm late to the party, but glad I'm not crazy, its possible to make it work lol". We're both scalping options but we're doing it very differently. He was using the 2 minute chart last time I watched him, and he waits for specific setups to take an entry, mainly flag breaks and ORBs. Most of his days are 2 or 3 trades at most whereas I can take 10 to 20 trades no problem, especially on a day like today where things are moving.