@JohnLoc18 Bro you literally killed last month, i've been watching you every step of the way. It's been impressive and even to get fired while doing it, you deserve everything coming your way, more life to you John 💯
Adjustments separate traders from gamblers.
I’m closing my #SP500 puts for 2/26 at the open. Entered at 688 on Friday. They’ll be roughly dead even or slightly red.
That’s fine.
The original plan was to add near 692. I said it clearly in Friday’s post. Price never gave the clean tag. It stalled. It chopped. It stayed stubborn.
So we adjust. Instead of forcing the trade, I’ll close and reposition higher near 692 to get back in line with the probabilities pointing to 678–681–682 this week.
This is where most people lose.
They get emotionally attached. They refuse to reset. They “hope” instead of reposition.
Sometimes you have to get your hands dirty. Sometimes you flatten and rebuild the structure.
That’s what’s happening at the open.
Game plan stays clean:
678 / 681 / 682 is where I scale into calls.
690 / 692 / 696 is where I scale into puts.
Closing at the open is the best route because it restores flexibility. And flexibility keeps you aligned with probabilities instead of locked into bias.
This is not about being right all of the time. This is about staying flexible and objective.
And I want to make something very clear. As I said Friday, choosing the right contracts matters MORE than being right on direction.
If you bought Monday or Tuesday expirations, that decay ramps fast. That’s not the structure I teach. Those will bleed harder than 2/26 or 2/27 5DTEs, especially if price chops before moving.
Stick to 5 DTE. Stick to in the money. Keep delta higher range. That’s how you avoid getting eaten alive by theta while waiting for probabilities to play out. Direction alone is not enough. The Greeks matter.
THANK YOU FOR YOUR ATTENTION TO THIS MATTER!
— TJ
#SP500 #SPY #QQQ #TSLA #PLTR #NVDA #AAPL #Bitcoin #Crypto #stockmarket