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What Are Futures Contracts? Members Public

Futures contracts are agreements to buy or sell a specific asset (like oil, gold, corn, or even stock indices) at a predetermined price on a future date. Think of it as making a promise today to buy or sell something at a set price tomorrow. Unlike stocks, where you'

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Rookie Education

Your First 0DTE Trading Plan – Ready, Set, Trade Members Public

A 0DTE trading plan is a comprehensive, written document that outlines your complete approach to trading options that expire the same day. Unlike general trading guidelines, a proper 0DTE plan addresses the unique challenges of compressed timeframes, accelerated time decay, and the specific market dynamics that occur within a single

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Rookie Education

Top Rookie Mistakes in 0DTE (and How to Avoid Them) Members Public

Rookie mistakes in 0DTE options trading are common pitfalls that new traders repeatedly fall into, often resulting in significant losses or missed opportunities. Unlike longer-term options trading, where you might have days or weeks to recover from errors, 0DTE trading compresses the entire lifecycle into hours or even minutes, magnifying

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Rookie Education

Case Study: Morning Breakout Win vs Afternoon Chop Members Public

The intraday market structure often follows predictable patterns that significantly impact 0DTE options trading success. One of the most consistent patterns is the contrast between morning directional moves and afternoon consolidation. During the first 1-2 hours of trading, markets frequently make their largest directional moves of the day, creating excellent

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Rookie Education

Journaling and Reviewing Your 0DTE Trades Members Public

Trade journaling is the systematic practice of recording and analyzing your trading activities, including the setup, execution, outcome, and your thought process for each trade. For 0DTE options trading, where decisions happen rapidly and outcomes materialize within hours, maintaining a detailed journal is particularly valuable. It transforms fleeting experiences into

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Rookie Education

How to Handle Rapid Wins and Losses Mentally for 0DTE Options Members Public

Emotional control is the ability to manage your psychological responses to trading outcomes, particularly the intense feelings that accompany rapid wins and losses. In 0DTE options trading, where positions can gain or lose significant value in minutes, emotional reactions are amplified compared to longer-term trading. The two most dangerous emotions

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Rookie Education

How to Set Dynamic Stop-Losses and Targets (Using ATR) for 0DTE Options Members Public

Dynamic stop-losses and targets are risk management techniques that adjust based on a stock's actual volatility rather than using fixed dollar or percentage amounts. The Average True Range (ATR) is a volatility indicator that measures how much a security typically moves over a specific timeframe. By using ATR

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Rookie Education

Credit Spread Basics for Safer 0DTE Trades Members Public

Credit spreads are options strategies where you simultaneously sell and buy options of the same type (calls or puts) but with different strike prices, resulting in a net credit (money received) to your account. The key feature of credit spreads is that they have defined risk—you know exactly how

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Rookie Education