Trade Log — SPY ORB Patience Trade

 

Date: Feb 4, 2026

Instrument: SPY

Contract: 684 Put (0DTE)

Strategy: Opening Range Breakout (ORB) + Retest Failure

Account Type: Small account / capital preservation focus

🧠 Trade Thesis

The market opened in a choppy range with multiple failed attempts to hold above the ORB high. Early price action showed indecision, compressed VWAP and EMAs, and weak follow-through. Instead of forcing a trade, I stayed patient and waited for confirmation.

After several failed retests and acceptance back into the range, bearish structure reappeared. This aligned with my original ORB bias, giving me a high-confidence short setup.

🎯 Entry Details

Entry Time: 9:53 AM EST

Position: Buy SPY 684 Put

Reason for Entry:

Failed hold above ORB

Rejection near resistance

Momentum shifted back to sellers

Clean structure confirmation (no chasing)

🛑 Exit Plan & Execution

Exit Strategy: Trailing stop with close follow-up

As price moved in my favor, I trailed the stop to protect gains.

When the trend reversed and momentum weakened, the contract began losing value.

I exited without hesitation instead of hoping for continuation.

Exit Time: 10:01 AM EST

This was a planned exit, not an emotional one.

📈 Result

Outcome: Green trade

Day’s P&L Impact: +$51.89 (+54.5%)

Number of Trades: One clean execution

✅ Post-Trade Review

What I did well:

Stayed patient during chop

Respected ORB structure

Entered only after confirmation

Used a trailing stop instead of greed

Exited when the market told me to, not when I wanted more

What this trade reinforced:

Waiting is a strategy

One good trade is enough

Protecting profits is more important than catching the exact top or bottom

🧾 Final Note

This trade was satisfying not because of the profit, but because it followed my rules from entry to exit. Consistency comes from repeating this process, not from forcing trades.