#ANNOUNCEMENT
Before you trade a 0dte or a Lotto please understand this:
Lottos are extremely cheap trades that have the ability to 1x, 2x,3x etc. your money because of the inherent risk associated with them.
Notice how shorter term trades yield higher % gains in a shorter amount of time than longer term trades. Thats because the higher the risk, the higher the reward.
These trades, just like any other trades, are still charted for a high probabilty setup.
However, if you look at the greeks you have to understand that since it is a 0DTE it still HAS TO go to .01 on expiration. Which is why the theta is typically higher than the delta.
So what does that mean to you? 1. Entries are KEY!
2. You can not be greedy! Take Profit; Not Screenshots! 3. These are day trades so time is not on your side!
4. For lottos, you have to understand that you CAN NOT trade with money you can’t afford to lose (This should be the case for trading options in general but it is SERIOUS with Lottos)
5. If you miss the original entry, and it pulls back only to keep moving in the same direction again then momentum trade it or leave it alone altogether. OR, opt for the same strike but go at least a week out to minimize the impact of theta decay.