How to Set Stops on 0 dte SPX Trades

How to set Stop Orders on 0 dte (Zero Days to Expiration) SPX trades.
Here I show an SPX Iron Condor trade, which I sell at the market open, and hold to expiration.

[shootermacgavin]

Thanks for your videos and spreadsheet, it's much appreciated.

[asifb]

Hi im interested in implementing this strat. I have a basic knowldge of what an iron condor is but dont understand how far OTM to sell either the Call and Put options. could you explain this again? in very basic terms?

[AtmanGoldenAge]

Thx for the great video. How do you get the expected move cone to show in TWS? Thx

[bogoboho]

Why are your longs so far away from your shorts. Usually most people buy it right below their short. Is it to avoid slippage?

[morristhepirate]

I still don't get the logic of the 3x stop. Math wise, how are you protected by placing a 3X stop buy order on the shorts ?

[oscar]

Hello. Thank you for your videos that help so much. I have a question with the price of the Stops. When I place the buy order for the iron Condor in Interactive Brokers many times I get very different short prices from those that were supposed to be due to a sudden rise or fall in the spx in the time that elapses from the time the order is sent until it is completely filled, for example on the short side it gives me 0.40/0.30 dollars of credit and the Call side gives me 1.70/1.80 dollars. In this case, do you usually put the Stops x3 at the selling price of the shorts? or it would be too much? for example in this case since a Stop at 5.40 would be a significant loss.
All the best

[Catcatcat]

Do you manual input the data into your trade log or are you downloading this data from IBKR first?

[roberttrag]

Nice greetings from Germany, my English is not good so I translated this via Deepl. My question is about the stop. In the video they go one only one stop on sell put and call. But how do you close the long put and call? Do you close them manually once you get the notification that the stop has been executed?

[joyouschoy]

Have you ever encountered that if you set the stop loss higher, 3x net, you may profit instead of a loss?

[spookycastle]

Hey. Enjoy the 0dte content. I have a 0dte IC on right now! I'm wondering how you get the bid/mid/ask to show up in the order price window when you're choosing an order price in IBKR? @ 3:29. Is this only available in classic?

[MrPaws]

Thank you. You have saved me a big chunk of time by sharing this video. I was wondering whether an order preset can be created that automatically sets stop orders on both short positions with just one click. Obviosly you will have to adjust the stop price depending on the credit received. Any thoughts?

[joyouschoy]

Thank you so much for enlightening us!! Is it the same way to set stop loss for Spy & Qqq? Just x3 to get 2x net loss of premium amount? Just x5 to get 4x net loss of premium amount?

[benanderson]

Awesome, hey side question @ t=5:37 how do you get tws to draw the expected move ellipse? im still deciding weather to use tos or tastytrade both still have there pros and cons, its seems more straightforward putting stops on in tws, i cant get tos where i am thanks dude!

[erg]

Hi! Thank you for the excellent videos. I've learned much from your first 0DTE video and this video. Also, thank you very much for sharing your trading journal. I see that you have three tabs in your journal, "Real Results, " "Results if No-Reentry, " and "FCAT." Sorry for the confusion, but what does FCAT stand for?

[Deucenheimer]

Are you going to make a video on the FCAT section of the spreadsheet?

[Deucenheimer]

Do you set a market stop order? (To my knowledge this says you’ll pay whatever it takes once the mid price hits your stop) if so… what is your experience with manipulation affecting your stop losses? Do you ever get stopped out when you shouldn’t have/do you have any fear of this?

[scottmarcom]

If you stop out do you then have to close the longs?

[Deucenheimer]

How does the math workout with the win rate being only 54%?.. selling the let’s say 10 delta put and 10 delta call would be a probability of (.9*.9) or 81% win rate if held to expiration. I understand with stop losses that number goes down… but what is the math that gets to only 54% using even lower deltas than 10?

[alexsorrow]

So many loss 😁😁😁😁😁 go learn better how to trade better 🥴