How I Trade the One & Done System
This page explains exactly how I trade the One & Done System: the rules I follow, the confluence I look for, the tools I use, and a few resources that have shaped how I see the market.
Straightforward. Repeatable. Built for accountability.Core philosophy
I'm not trying to be the smartest trader in the room. I'm trying to be the most consistent. One high-quality options trade per day, following the same rules, with everything logged in public.
- Instrument: SPY options until the account reaches $2,000, then SPX options using the same rules.
- Chart style: No fancy indicators. Just price, support and resistance, and structure on the 1-minute chart.
- Confluence: I want SPY, QQQ, and the NYSE $ADD line all moving in the same direction before I commit.
- Target trades: Clean, quick moves from one clear level to the next – most trades take only a few minutes.
- Patience: If the level doesn't set up, I don't trade. No forcing it just to be “in something.”
The journal and live equity chart are there to keep me honest. Wins, losses, missed days – it all goes in.
Daily playbook & rules
Before the open
- Mark key support and resistance levels on SPY using higher timeframes and pre-market action.
- Check QQQ and the NYSE $ADD to get a feel for overall risk-on / risk-off conditions.
- Define one or two valid trade ideas based on clear “from level A to level B” structure.
During the session
- Wait for SPY to come into a key level with SPY, QQQ, and $ADD moving in the same direction.
- Enter only when there is room from the current level to the next obvious target.
- Manage risk so that a full stop is acceptable for the day. No adding to losers.
After the trade
- Log the trade in my One & Done journal: times, prices, fees, P/L, and end-of-day equity.
- Record a quick Loom recap and upload it to YouTube when possible.
- Note what worked, what didn't, and what I will tighten up tomorrow.
One trade per day means I don't get to hide behind “I'll make it back on the next one.” The goal is to let the edge play out over time, not to win every single day.
Confluence & chart setup
The One & Done trade lives at the intersection of structure and confluence. I'm not predicting the market; I'm reacting when the pieces line up.
- SPY: Primary execution chart on the 1-minute timeframe.
- QQQ: Used to confirm that tech / growth is moving in agreement with SPY, not fighting it.
- NYSE $ADD: Used as a breadth check – I want it pushing in the same direction as my trade idea.
- Levels: I only take trades when there is visible room from my entry level to the next support/resistance.
- Time in trade: Most trades are quick. If price lingers, I'm paying close attention.
Who I learned from & resources I use
I didn't invent price action. A lot of what I do comes from time spent learning from other traders and then putting in reps on my own charts.
Trading-Decoded (Jimmy)
The biggest influence on how I see structure, levels, and discipline. If you look him up and choose to follow along, let him know that Lewy from OneAndDoneSystem.com sent you.
Charting & data
I use a standard charting platform with SPY and QQQ 1-minute charts plus the NYSE $ADD line. No extra indicators, no clutter – just price and levels.
My own journal & equity curve
The main resource this site offers is transparency: the 60-day journal and live equity vs 10K goal chart. If you want to build your own One & Done plan, start by tracking your trades like that.
Tools, PDFs & merch (coming)
Over time, I plan to add a few simple things here for traders who want extra structure and encouragement:
- A short PDF that explains the One & Done approach in plain language.
- A printable checklist you can keep at your desk while you trade.
- A coffee mug or shirt with a simple trading affirmation to keep you grounded during the session.
These will stay simple on purpose – no hype, no huge promises. Just tools to help you focus on one good decision at a time.