Week in Review 9/23/2024-9/27/2024

It was a mixed week for us at SPX Option Trader. We ended this past week with +36% ROM in our SPX Spread Trader, +24% ROI in our SPX Late Day Trader, -79% ROI in our SPX Daily Outlook trading, -87% ROI in our SPY Daily Outlook trading, -137% ROI in our SPX Aggressive Trader, and -146% ROI in our SPY Aggressive Trader.

Despite the market’s overall volatility, both the Late Day Trader and Spread Trader strategies delivered positive results this week. We offer four distinct strategies to our members, each tailored to specific market conditions. The Daily Outlook and Aggressive Trader focus on early morning opportunities, the Spread Trader on the daily forecasts, and the Late Day Trader targets the late afternoon session.

While there are times when all strategies perform exceptionally well, more often, a mix of results occurs. The benefit of having multiple strategies is the flexibility it provides in navigating the market, which enhances our chances of overall success. Although there are rare weeks when all strategies experience a drawdown, typically, we see either uniform profitability or a blend of outcomes, as we observed this past week. However, even if you’re only engaged with one strategy, a down week is no cause for concern.

In day trading, not every week will be a winner; some weeks will be flat or even down. Our forecasts are highly accurate, but no strategy is infallible. While drawdowns are never welcome, they are an inevitable part of trading. We remain confident in our approach and look forward to better days ahead. The key to long-term success is maintaining consistency with a proven trading strategy. As we do, success follows. We look forward to another exciting week of day trading SPX and SPY 0DTE options. Below are our comments for each day of the past week:

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