Define your risk before you press the button. Every time. No exceptions.
Doesn't matter if it's $SPY 0DTE, $SPX weekly iron condors, or $QQQ spreads — if you don't know your max loss and invalidation level before entry, you're gambling, not trading.
Size accordingly. Know where you're wrong. Cut it when you hit that line.
That's the edge.
Doesn't matter if it's $SPY 0DTE, $SPX weekly iron condors, or $QQQ spreads — if you don't know your max loss and invalidation level before entry, you're gambling, not trading.
Size accordingly. Know where you're wrong. Cut it when you hit that line.
That's the edge.