$300-$30,000 Options Challenge: Week 4 – After Blowing Up, I Rebuilt the PlanNow Its a Live Bot

Date: 2026-07-20 12:30:09

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Chapters
0:00 Week 3 blow-up → Week 4 reset (+$116)

0:08 Reset, not revenge (and the $350 deposit)

0:41 Why this episode matters: emotions vs systems

1:12 Funding delay lesson: you lose money and time

1:47 Week 4 results breakdown (wins/losses + key stats)

2:24 Trade-by-trade recap (Jun 10 / Jun 11 / Jun 12)

3:11 Why I’m building the live “series bot”

3:32 Two versions of the plan: 0DTE vs 1DTE

3:50 0DTE bot entry rules (time + strikes + sizing)

5:08 1DTE bot entry rules (distance-based strikes)

6:42 Week 3 lesson + Day trade constraint reminder (bot must fit the account)

7:23 Next week plan (live automation + no overrides)

7:44 Recap + the real lesson about automation + discipline

4 QQQ iron condors
3 winners, 1 loser
Week finished + $116 closed P/L
But this episode isn’t just about results.
This is the most important transition in the series so far: I’m taking the plan and turning it into a live automation bot—and I’m showing the exact entry rules, filters, and exit rules behind it.

Because the big lesson is this:
Automation shouldn’t be used to skip discipline. Automation should come after discipline.

Week 4 Results (Reset Week)
Deposit: $350
Trading days missed: 2
Positions: 4
Wins: 3
Losses: 1
Closed P/L: + $116
Win rate: 75%
Profit factor: 2.53
Avg P/L: + $29
Avg win: + $64
Avg loss: – $76
Avg risk: $166
Strategy: QQQ Iron Condors only

The “Series Bot” (Two Versions)

My QQQ iron condor system has two versions:

0DTE QQQ Iron Condor (same-day)
1DTE QQQ Iron Condor (one market day)

They’re both QQQ iron condors—but they’re not the same setup. Different entry times, strike selection, filters, and exits.

0DTE QQQ Iron Condor — Bot Rules
Entry
Symbol: QQQ
DTE: 0 days
Entry time: 1:45 p.m.
Short put: ~ -0.30 delta
Short call: ~ +0.30 delta
Wings: $3 wide (long put $3 below / long call $3 above)
Trading days: Mon–Fri
Position limit: 1
Skip: End of month
Filters
Mid price: $0.40+
VIX: Below 24
Slippage assumption: $0.05
Position size: 3 contracts
Allocation: $7,500
Exit
Profit target: 75%

1DTE QQQ Iron Condor — Bot Rules
Entry
Symbol: QQQ
DTE: 1 market day
Entry time: 2:30 p.m.
Short put: 2% below QQQ
Short call: 1.75% above QQQ
Wings: $1 wide (longs $1 beyond shorts)
Trading days: Mon–Fri
Position limit: 2
Filters
VIX: Below 20
QQQ: Above SMA(20)
Position size: 3 contracts
Allocation: $7,500
Exit
Profit target: 40%
Time exit: Close 3 hours before expiration if target isn’t hit

What I’m Watching (Live Bot Guardrails)

I’m not turning this on and walking away. I’m monitoring:
Entry timing
Strike selection
VIX + SMA filters
Credit received
Profit exits + time exits
Position limits + position sizing
Day trade impact
Because Week 3 is still the main rule:

Good strategy + bad size = blown account.
Disclaimer
This is not financial advice. Options involve risk and are not suitable for everyone. I’m documenting my process—not telling you what to trade.

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This video is for educational purposes only and is not a recommendation for buying/selling any security. Options trading is risky, so please read our full risk disclosure here: https://optionalpha.com/legal/risk-disclosure-agreement