The biggest lesson I learned this week was that it really is OK to be red. I am not a person who likes to loose, and I’m competitive as hell, but I’m embracing the success of small red days. You hear it over and over and over… some days and weeks are not worth trading. That’s such a paradox because as a newer trader, you’re still building up your time in the market, so sometimes taking days off feels like you’re falling behind other traders.

I have a cash account, so when I’m out of money for the day, I’m just out of money. Can’t take any more trades. To “save money” last week I tried to trade 0dtes and learned a hard lesson. Those babies decay faster that my daughter’s bath bombs, and it would be more enjoyable to actually light a hundred dollar bill on fire and watch it burn.

In an effort to stay out of my main account when it’s choppy, I really have enjoyed trading these Daily Options on Tradovate. They have the same inexpensive appeal as a 0dte, but you don’t feel the decay! If you want to be “in the market” without risking the capital in your main account, you might want to give them a try.