Week in Review 8/19/2024-8/23/2024

It was a back-and-forth week for us at SPX Option Trader. We ended this past week with -37% ROI in our SPX Daily Outlook trading, -36% ROI in our SPY Daily Outlook trading, -80% ROI in our SPX Aggressive Trader, -85% ROI in our SPY Aggressive Trader, -83% ROM in our SPX Spread Trader and 0% in our SPX Late Day Trader. Once again, we saw some extreme volatility in the market. Day Trading when the market is extremely volatile can be extra challenging, as we saw this past week. But the secret to our overall success is to stay consistent as we use the information provided in the SPX Daily Outlook. Drawdowns happen, but they are nothing to be discouraged or concerned about. We simply stay consistent in our approach, having the confidence that as we do, we will achieve success over the longer term. So, we look forward to another great week ahead of us, day trading SPX and SPY options on expiration day. Below are our comments for each trading day of this past week.

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