FAQ

• View the details on the home page here

• Ensure you have learning about Iron Condor Options, which needs options level III activated on your trading platform

• Ensure you have $25k per strategy of trading capital

• Ensure you have read through the home page regarding the trading risk ($3k for SPX 100 and $25k for SPX 200)

• Choose one of the subscription plans here

The refund policy is mentioned here. Additionally, the money back guarantee duration varies by subscription plan. The details are present here

We have on and off promotions throughout the year e.g. 3-day trial period. You'll receive the promotions directly once you subscribe 

• You can use any platform as long as you are able to apply a stop loss on your spread (for SPX 100)

• Recommended platforms: Thinkorswim (ToS) or TD Ameritrade, Tastyworks, eTrade, Fidelity, etc.

• Please make sure you are able to put a Stop Mkt instead of Stop limit. With the latter, it's possible that the market could fly pass by your limit price and the order doesn't get filled. Hence, a Stop Mkt order is recommended. Please check for the training material on discord once you get the access

• We have been trading for multiple years with different trading groups and with different strategies

• We have traded SPX 100 strategy ourselves since last July, which is when 0-dte was introduced for SPX

• In all transparency, we did take break in from Feb'23-Apr'23 as we launched the company then

• Losses are part and parcel of trading groups. However, how do we maintain cashflow?

• The answer is two fold:

  • Choosing the entry and exits based on support and resistance levels​

  • Choosing the contracts size based on current cashflow and market situation

• The market can stay either in consolidation (profit for us) or expansion (loss for us). Given that market generally stays in contraction range, we increase contracts after losses to maintain the cashflow 

• With SPX 100, we trade max of 10 contracts with 25-wide Iron Condor - hence, $25k trading capital needed. However, we have a stop loss of $300 that limits our max loss to $3k

• With SPX 200, we trade max of 50 contracts with 5-wide Iron Condor - hence, $25k trading capital needed. However, with no stop loss, the max loss can be $25k

• With SPX 100, we did go to higher rounds and # contracts faster last year as (1) we were aiming for higher premiums, and (2) we were testing the strategy by being completely mechanical. However, we have now found the optimal premium and do manage our entries and exits based on our market understanding. That's also the reason why we sometimes don't trade on a day. That's also a reason why we sometimes take a profit of 90% while most of the times we take a profit of 100%

• With SPX 200, though we have traded a max of 50 contracts with 5-wide Iron Condor in late 2022 and in mid 2023, those trades have been profitable.

• We understand that emotions get very high while trading high # contracts. Hence, we are transparent with the max loss you can face with these strategies. Once one is mentally prepared with these possible losses, emotions are taken out from the picture and one can then follow the system without emotions

• Just to reiterate in short, we have been profitable with both these strategies. Our past historical results speaks a ton about the strategies

• We recommend using the same contracts as provided in the group

• With profits being made, one could increase contracts in order to compound gains. However, we recommend to increase contracts when we are on days with high # contracts. This is because high # contracts is equivalent to high probability of win as the previous few days would have been a loss and the market would consolidate within support and resistance levels soon

• Please note that for first time users that are protected with the Money-Back guarantee, we recommend following the trades as is

• Yes, you get access to both SPX 100 and SPX 200 strategies with the same subscription

• There are 2 separate tabs in discord for these two strategies

• Note: You can trade both SPX 100 and SPX 200 strategies provided you have $25k per strategy of trading capital. So total of $50k trading capital to trade both strategies

• Ideally, you should not be spending more than 15 mins per day. The activities include - entering the trade, setting stop loss (if needed), changing stop losses (if needed), exiting the trades

• For all the activities, not more than 5 alerts is provided per strategy. So you should be able to get along with your day as long as you are able to get Discord notifications when an alert is posted in the group

• You are welcome to ask questions and have conversations with the admin or with other traders. But that's upto you

• Note: We do appreciate if you could provide us with your testimonials. That might take an additional 2 mins per week :)

• 99% of the times, we trade

• There might be a few days when we skip - based on (1) not enough premium available at the levels we want, or (2) a market event when we foresee the market trending and expanding for that day

Please send us an email at spx100club@gmail.com and we'd be happy to get back to you!