Tips for trading zero day options without turning it into gambling
Zero day options seem like one of those things where having a plan matters a lot more than usual.
I understand the appeal of 0DTE. The moves are fast and the capital required can look pretty small. But that can also make the risk look smaller than it really is.
For people who trade or study zero day options, what are the main rules that actually keep things under control?
Things like position size, stop loss, liquidity, spreads, and knowing when not to trade seem especially important. I am also curious whether people mainly use 0DTE for hedging, defined risk setups, event trades, or specific intraday conditions.
Trying to understand where 0DTE fits into a disciplined strategy and where it just becomes gambling.