It was another profitable week for us at SPX Option Trader!  We ended this past week with +31% ROI in our SPX weekly option trading, +3% ROI in our SPY weekly option trading and +34% ROM in our SPX Spread Trader.  The week started off strong, but then we were hit a few days in a row. A good reminder that not every trade is a winner. A trader must be prepared for drawdowns this is all a part of trading. A few down days is nothing to be concerned with, and certainly doesn’t concern us. If a trader gets overly upset about down trades, it could be that they are trading too large of lot size. The key to successful day trading is to have a winning strategy and stay consistent. It is as we use the information provided each day in the SPX Daily Outlook and stay consistent that we are successful. We’ve had a good month so far and we look forward to finishing well next week. Below are our comments for each trading day of this week:

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