For those who are afraid to trade options -
This is the most effective strategy I know. Win rate will be 75%.
BREAK AND RETEST STRATEGY.
This is 1min chart.
There's 2 way to play this.
1. I drew 30min opening range top and bottom. When it breaks the range and rerest, then you go call or put. As you see there was a break of high little past 8am pst. That's a solid confirmation to go buy call. If you bought it then that was a clean 150%+ gainer.
2. Double bottom - take a look at the bottom of the range. at little past 7:30, we saw shorts trying to test that bottom, but failed. That is bit risker entry because it wasn't a perfect double bottom, but would've been a decent bet.
Please don't tell me this is hard. Again, win rate is usually 70-75%.
I got in 585C $2.14 on that break, and out full at $3.5. I scale many times going up. that's a nice move for me. I'm done for the day hitting my daily goal.