Who Do You Think You Are?
By Ernie Varitimos
July 15, 2022
0:00 / 42:27
Who Do You Think You Are?

How's it going? We are alive. Yes. It's a good thing. I'm alive. This is, zero days to expiration. This is the final hour trade and this is the second half of our journey to a hundred trades going live. We gotta shut her up. Gotta shut her up. Let's see. How can we shut her up? Let's do this. There we go.

Shut up. So we did, 50 attempted trades up to this point, trading the very final hour using our zero dash DTE strategy. The results were pretty good. We had 10 trades or 10 instances where we did not take a trade. So there were actually only 40 trades, but we averaged a 60% win rate and it was.

24 wins, 16 losses, and our returns ranged anywhere from 50 to 800%. So all in all, I would say that was a pretty good record. The second half wasn't as good as the first half. It's the way it goes. So in other words, the first 25 trades were way better than the second 25 trades.

So we're starting brand new and we're going to be adding the EI futures as a potential trading vehicle. Before we were just doing SPX. And the reason for doing that is so that, we can show that you can also do this with very small accounts because you simply cannot use the SPX five days a week because you would be tagged with a small account.

You'd be tagged a pattern day, trade pattern day trader. And you don't want to do that because if you do, they will shut down your account for 90 days. All right. We just got off of a trade. Well, actually a lot of people in the group may still be in the trade and it was pretty good. It was a one to seven risk to reward ratio.

Most of the people got in probably around, oh, anywhere from a dollar to $3. And they're probably getting out now anywhere from $5 to $10 or more. So, all in all, anything from say a 50 to 500 or more percent return on capital. And there's still people there. I'm sure they're managing their trades.

I had to get out early. So I left a lot of money on the table. Still made a lot of money. When you're managing a live stream and talking to people and trying to support, 600 plus traders at the same time, it's a little bit difficult to manage your trade. So I just got out, took what I had and then that was fine for me, sacrificing myself for everybody else.

All right. What is it that we do here? We, we trade options on the very final day of expiration on the S and P. We trade two different assets, two different derivatives of the S and P options on the E mini futures. That's the ES for most people and options on the index, the S SPX. And so they both have expirations that expire Monday, Tuesday, Wednesday, Thursday, and Friday.

Tuesday and Thursday are fairly new additions to this lineup. They just added those two expirations in May, late M ay. And for the longest time, it was just Monday, Wednesday, and Friday, I like Monday, Wednesday, and Friday, cuz then you have Tuesday and Thursday off and you don't have to have this, like your head is in the sand five days a week.

I like that cadence of having a day off, but I traded today. The trading on these is really, really good. The liquidity is fantastic. Very small spreads you can get in, you can get out you might have to change and replace a couple of times, one or two strikes to get your price.