Frequently Asked Questions
Please read our FAQ before sending a message
We don’t post alerts, because this is not an alert service. This is a coaching and mentoring service with the goal to help you become a consistently profitable, professional trader. Coach Ernie posts his trades every day, and shows his brokerage trading account, along with his analysis and reasoning for his trade. Members are welcome to examine his trades and ask questions directly to coach.
We trade options on the last day of expiration for the SPX and NDX indexes and the E-mini S&P 500 futures contract. The futures contract allows us to open a trade outside the cash market window of time (9:30 AM ETD to 4 PM). We usually open a 0DTE trade on the SPX OR NDX in the morning session, between the market open at 9:30 AM and 11: 00 AM Eastern time.
We don’t offer a trial period. If you would like to explore our 0-DTE strategies and methods, please click here.
0-DTE BlueprintMost trades we are in and out within 2-3 hours. A smaller percentage of trades are held right into expiration where we capture the maximum profit. We discourage holding options on futures into expiration to protect against assignment of a futures contract.
Yes. The yearly subscription auto renews after one full year. You can check the status of your subscription anytime, and you can cancel at any time through your account dashboard.
No. The information we provide is for informational purposes only, and does not speak to your individual investment goals. The information we provide should not be seen as an offer to buy or sell any securities we mention. We simply post what we are doing, and that information goes out to the entire membership.
You do not need a large account to trade the alerts we post. A minimal account size might be $1500. The strategy scales easily to 6 or 7 figure accounts. Your account size, and the size of positions you want to take, will depend upon your personal capacity and tolerance for risk.
The only requirement of your trading platform is that it allows you to trade options spreads (level 3). We recommend TD Ameritrade’s Think or Swim platform, or the Tasty Works platform. All documentation, demonstrations, and other content, including course materials, uses screen shots from the Think or Swim platform. We also use TradingView with at least the Pro+ membership for Volume Profile analysis purposes.
As a general rule, any one trading or investment strategy should not use more than 25% of your total trading capital. The 0DTE strategy has very tight risk controls, however it is a speculative and discretionary strategy, and so proper sizing should be paramount. We recommend risking between 1% and 5% of your strategy capital on any one trade. The strategies we employ have a max risk of $150-$200, with a max profit from 4X to 15X of the risk. Our typical trade returns approximately 150% of the risk taken about 50% of the time, We have the opportunity to achieve max profit about 7% of the time.
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